The global Needle Coke for Electric Arc Furnace market size is predicted to grow from US$ 2655 million in 2025 to US$ 5641 million in 2031; it is expected to grow at a CAGR of 13.4% from 2025 to 2031.

Graphite electrodes are the main heating element used in an electric arc furnace, a steelmaking process where scrap from old cars or appliances is melted to produce new steel. Electric arc furnaces are cheaper to build than traditional blast furnaces, which make steel from iron ore and are fuelled by coking coal. But the cost of steelmaking is higher since they use steel scrap and powered by electricity.

Chinas policy on lithium-ion batteries mainly focuses on lithium-ion batteries. In 2015, in order to strengthen the management of lithium-ion battery industry and improve the development level of the industry, China formulated the Standard of Lithium-ion Battery Industry. the global sales of new energy vehicles reached 10.8 million units in 2022, with a year-on-year increase of 61.6%. In 2022, China new energy vehicle sales reached 6.8 million units, and the global share increased to 63.6%. In Q4 2022, sales penetration rate of Chinas new energy vehicle reached 27%, while the global average penetration rate was only 15%. Europe penetration was 19%, and North America penetration rate was only 6%. Lithium batteries will fully benefit from the high growth of downstream demand. According to the Ministry of Industry and Information Technology, Chinas lithium-ion battery production reached 750 GWh in 2022, up more than 130 percent year on year. Among them, the output of lithium energy storage battery exceeded 100 GWh, and the total output value of the industry exceeded 1.2 trillion yuan. The industrial application of lithium battery was also growing rapidly. In 2022, the loading capacity of new energy vehicle power battery was about 295 GWh, and the new energy vehicle power battery was about 295 GWh. According to our research, in 2022, the overall global lithium-ion battery shipments were 957GWh, a year-on-year increase of 70%. Global vehicle power battery (EV LIB) shipments were 684GWh, a year-on-year increase of 84%; Energy storage battery (ESS LIB) shipments were 159.3GWh, a year-on-year increase of 140%.

Infinity Market Research newest research report, the Needle Coke for Electric Arc Furnace Industry Forecast looks at past sales and reviews total world Needle Coke for Electric Arc Furnace sales in 2024, providing a comprehensive analysis by region and market sector of projected Needle Coke for Electric Arc Furnace sales for 2025 through 2031. With Needle Coke for Electric Arc Furnace sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Needle Coke for Electric Arc Furnace industry.

This Insight Report provides a comprehensive analysis of the global Needle Coke for Electric Arc Furnace landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Needle Coke for Electric Arc Furnace portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms unique position in an accelerating global Needle Coke for Electric Arc Furnace market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Needle Coke for Electric Arc Furnace and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Needle Coke for Electric Arc Furnace.

This report presents a comprehensive overview, market shares, and growth opportunities of Needle Coke for Electric Arc Furnace market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

    Petroleum-based
    Coal-based

Segmentation by Application:

    Metal Smelting
    Ore Smelting
    Others

This report also splits the market by region:

    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the companys coverage, product portfolio, its market penetration.

    Phillips 66
    Nippon Steel
    GrafTech
    Eneos
    Sumitomo Corporation
    Mitsubishi Chemical
    Indian Oil Company
    Shanxi Hongte Coal Chemical
    Fangda Carbon
    Shanxi Jinzhou Group
    CNPC Jinzhou Petrochemical
    Shandong Yida New Material
    Sinosteel
    Shandong Jingyang

Key Questions Addressed in this Report

What is the 10-year outlook for the global Needle Coke for Electric Arc Furnace market?
What factors are driving Needle Coke for Electric Arc Furnace market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Needle Coke for Electric Arc Furnace market opportunities vary by end market size?
How does Needle Coke for Electric Arc Furnace break out by Type, by Application?