Needle Coke Market Is Likely To Up Demand At A USD 5.4 Billion By 2025
San Francisco, 13 April 2023: The Report Needle Coke Market Size, Share & Trends Analysis Report By Grade (Super-Premium, Premium, Intermediate), By Application (Electrode, Silicon Metals, Carbon Black), By Region, And Segment Forecasts, 2019 - 2025 The global needle coke market size is projected to reach USD 5.4 billion by 2025, accelerating at a CAGR of 6.9% over the forecast period, according to a new report by Grand View Research, Inc. Surging demand for needle coke in the manufacturing of lithium-ion battery is a key factor driving the industry growth. Needle coke is a primary element used in the manufacturing of graphite electrodes. The utilization of graphite in batteries has expanded at a robust pace over the past few years. It is the second heaviest component in lithium-ion batteries. These batteries require up to 10 to 20 times more graphite than lithium. Growth of steel industry along with increasing demand from lithium-ion batteries in...