Chapter 1. Preface

1.1 Report Description and Scope
1.2 Research Scope
1.3 Research Methodology
1.3.1 Market Research Type
1.3.2 Market Research Methodology

Chapter 2. Executive Summary

2.1 Global Needle Coke Market, (2026 - 2035) (USD Billion)
2.2 Global Needle Coke Market: Snapshot

Chapter 3. Global Needle Coke Market - Industry Analysis

3.1 Needle Coke Market: Market Dynamics
3.2 Market Drivers
3.2.1 The market is driven by the decarbonization of steelmaking via electric arc furnaces, surging demand for battery-grade anodes in EVs, and advancements in delayed coking to improve material purity.
3.3 Market Restraints
3.3.1 Growth is limited by volatile feedstock prices tied to crude oil markets, strict environmental regulations on production emissions, and a limited supply of low-sulfur decant oil.
3.4 Market Opportunities
3.4.1 Significant potential lies in the development of ultra-high-purity coke for next-gen batteries, expansion into green steel initiatives in Asia and Europe, and the adoption of circular economy models through electrode recycling.
3.5 Market Challenges
3.5.1 Key hurdles include achieving consistent quality from variable raw materials, overcoming geographic supply concentration, and competing with emerging alternative materials like bio-based carbon.
3.6 Porter’s Five Forces Analysis
3.7 Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Type
3.7.2 Market Attractiveness Analysis By Grade
3.7.3 Market Attractiveness Analysis By Application

Chapter 4. Global Needle Coke Market- Competitive Landscape

4.1 Company Market Share Analysis
4.1.1 Global Needle Coke Market: Company Market Share, 2025
4.2 Strategic Development
4.2.1 Acquisitions & mergers
4.2.2 New Product launches
4.2.3 Agreements, partnerships, collaborations, and joint ventures
4.2.4 Research and development and regional expansion
4.3 Price Trend Analysis

Chapter 5. Global Needle Coke Market - Type Analysis

5.1 Global Needle Coke Market Overview: Type
5.1.1 Global Needle Coke Market share, By Type, 2025 and 2035
5.2 Petroleum-based Needle Coke
5.2.1 Global Needle Coke Market by Petroleum-based Needle Coke, 2026 - 2035 (USD Billion)
5.3 Coal-based Needle Coke
5.3.1 Global Needle Coke Market by Coal-based Needle Coke, 2026 - 2035 (USD Billion)
5.4 and Others
5.4.1 Global Needle Coke Market by and Others, 2026 - 2035 (USD Billion)

Chapter 6. Global Needle Coke Market - Grade Analysis

6.1 Global Needle Coke Market Overview: Grade
6.1.1 Global Needle Coke Market Share, By Grade, 2025 and 2035
6.2 Super Premium
6.2.1 Global Needle Coke Market by Super Premium, 2026 - 2035 (USD Billion)
6.3 Premium
6.3.1 Global Needle Coke Market by Premium, 2026 - 2035 (USD Billion)
6.4 Intermediate
6.4.1 Global Needle Coke Market by Intermediate, 2026 - 2035 (USD Billion)
6.5 and Others
6.5.1 Global Needle Coke Market by and Others, 2026 - 2035 (USD Billion)

Chapter 7. Global Needle Coke Market - Application Analysis

7.1 Global Needle Coke Market Overview: Application
7.1.1 Global Needle Coke Market Share, By Application, 2025 and 2035
7.2 Graphite Electrodes
7.2.1 Global Needle Coke Market by Graphite Electrodes, 2026 - 2035 (USD Billion)
7.3 Lithium-ion Batteries
7.3.1 Global Needle Coke Market by Lithium-ion Batteries, 2026 - 2035 (USD Billion)
7.4 Silicon Metal & Ferroalloys
7.4.1 Global Needle Coke Market by Silicon Metal & Ferroalloys, 2026 - 2035 (USD Billion)
7.5 Specialty Carbon Products
7.5.1 Global Needle Coke Market by Specialty Carbon Products, 2026 - 2035 (USD Billion)
7.6 Rubber Compounding
7.6.1 Global Needle Coke Market by Rubber Compounding, 2026 - 2035 (USD Billion)
7.7 Nuclear Reactors
7.7.1 Global Needle Coke Market by Nuclear Reactors, 2026 - 2035 (USD Billion)
7.8 and Others
7.8.1 Global Needle Coke Market by and Others, 2026 - 2035 (USD Billion)

Chapter 8. Needle Coke Market - Regional Analysis

8.1 Global Needle Coke Market Regional Overview
8.2 Global Needle Coke Market Share, by Region, 2025 & 2035 (USD Billion)
8.3 North America
8.3.1 North America Needle Coke Market, 2026 - 2035 (USD Billion)
8.3.1.1 North America Needle Coke Market, by Country, 2026 - 2035 (USD Billion)
8.3.2 North America Needle Coke Market, by Type, 2026 - 2035
8.3.2.1 North America Needle Coke Market, by Type, 2026 - 2035 (USD Billion)
8.3.3 North America Needle Coke Market, by Grade, 2026 - 2035
8.3.3.1 North America Needle Coke Market, by Grade, 2026 - 2035 (USD Billion)
8.3.4 North America Needle Coke Market, by Application, 2026 - 2035
8.3.4.1 North America Needle Coke Market, by Application, 2026 - 2035 (USD Billion)
8.4 Europe
8.4.1 Europe Needle Coke Market, 2026 - 2035 (USD Billion)
8.4.1.1 Europe Needle Coke Market, by Country, 2026 - 2035 (USD Billion)
8.4.2 Europe Needle Coke Market, by Type, 2026 - 2035
8.4.2.1 Europe Needle Coke Market, by Type, 2026 - 2035 (USD Billion)
8.4.3 Europe Needle Coke Market, by Grade, 2026 - 2035
8.4.3.1 Europe Needle Coke Market, by Grade, 2026 - 2035 (USD Billion)
8.4.4 Europe Needle Coke Market, by Application, 2026 - 2035
8.4.4.1 Europe Needle Coke Market, by Application, 2026 - 2035 (USD Billion)
8.5 Asia Pacific
8.5.1 Asia Pacific Needle Coke Market, 2026 - 2035 (USD Billion)
8.5.1.1 Asia Pacific Needle Coke Market, by Country, 2026 - 2035 (USD Billion)
8.5.2 Asia Pacific Needle Coke Market, by Type, 2026 - 2035
8.5.2.1 Asia Pacific Needle Coke Market, by Type, 2026 - 2035 (USD Billion)
8.5.3 Asia Pacific Needle Coke Market, by Grade, 2026 - 2035
8.5.3.1 Asia Pacific Needle Coke Market, by Grade, 2026 - 2035 (USD Billion)
8.5.4 Asia Pacific Needle Coke Market, by Application, 2026 - 2035
8.5.4.1 Asia Pacific Needle Coke Market, by Application, 2026 - 2035 (USD Billion)
8.6 Latin America
8.6.1 Latin America Needle Coke Market, 2026 - 2035 (USD Billion)
8.6.1.1 Latin America Needle Coke Market, by Country, 2026 - 2035 (USD Billion)
8.6.2 Latin America Needle Coke Market, by Type, 2026 - 2035
8.6.2.1 Latin America Needle Coke Market, by Type, 2026 - 2035 (USD Billion)
8.6.3 Latin America Needle Coke Market, by Grade, 2026 - 2035
8.6.3.1 Latin America Needle Coke Market, by Grade, 2026 - 2035 (USD Billion)
8.6.4 Latin America Needle Coke Market, by Application, 2026 - 2035
8.6.4.1 Latin America Needle Coke Market, by Application, 2026 - 2035 (USD Billion)
8.7 The Middle-East and Africa
8.7.1 The Middle-East and Africa Needle Coke Market, 2026 - 2035 (USD Billion)
8.7.1.1 The Middle-East and Africa Needle Coke Market, by Country, 2026 - 2035 (USD Billion)
8.7.2 The Middle-East and Africa Needle Coke Market, by Type, 2026 - 2035
8.7.2.1 The Middle-East and Africa Needle Coke Market, by Type, 2026 - 2035 (USD Billion)
8.7.3 The Middle-East and Africa Needle Coke Market, by Grade, 2026 - 2035
8.7.3.1 The Middle-East and Africa Needle Coke Market, by Grade, 2026 - 2035 (USD Billion)
8.7.4 The Middle-East and Africa Needle Coke Market, by Application, 2026 - 2035
8.7.4.1 The Middle-East and Africa Needle Coke Market, by Application, 2026 - 2035 (USD Billion)

Chapter 9. Company Profiles

9.1 GrafTech International Ltd.
9.1.1 Overview
9.1.2 Financials
9.1.3 Product Portfolio
9.1.4 Business Strategy
9.1.5 Recent Developments
9.2 Graphite India Ltd.
9.2.1 Overview
9.2.2 Financials
9.2.3 Product Portfolio
9.2.4 Business Strategy
9.2.5 Recent Developments
9.3 Mitsubishi Chemical Corporation
9.3.1 Overview
9.3.2 Financials
9.3.3 Product Portfolio
9.3.4 Business Strategy
9.3.5 Recent Developments
9.4 JXTG Holdings,
9.4.1 Overview
9.4.2 Financials
9.4.3 Product Portfolio
9.4.4 Business Strategy
9.4.5 Recent Developments
9.5 Phillips 66
9.5.1 Overview
9.5.2 Financials
9.5.3 Product Portfolio
9.5.4 Business Strategy
9.5.5 Recent Developments
9.6 Sumitomo Corporation
9.6.1 Overview
9.6.2 Financials
9.6.3 Product Portfolio
9.6.4 Business Strategy
9.6.5 Recent Developments
9.7 Indian Oil Corporation
9.7.1 Overview
9.7.2 Financials
9.7.3 Product Portfolio
9.7.4 Business Strategy
9.7.5 Recent Developments
9.8 Shaanxi Coal and Chemical Industry Group
9.8.1 Overview
9.8.2 Financials
9.8.3 Product Portfolio
9.8.4 Business Strategy
9.8.5 Recent Developments

Frequently Asked Questions

Needle coke is a high-quality carbon material with needle-like structure used for graphite electrodes and battery anodes, offering superior conductivity and strength.

Key factors include EV battery demand, EAF steel growth, sustainable production, and supply chain resilience.

The market is projected to grow from USD 4.78 billion in 2026 to USD 6.60 billion by 2035.

The CAGR is expected to be 3.7% during 2026-2035.

Asia Pacific will contribute notably, holding 45% share, driven by industrialization in China.

Major players include GrafTech International Ltd., Graphite India Ltd., Mitsubishi Chemical Corporation, JXTG Holdings, Phillips 66, and Sumitomo Corporation, among others.

The report provides comprehensive analysis including market size, forecasts, segmentation, dynamics, regional insights, key players, trends, and strategic recommendations.

The value chain includes feedstock sourcing, delayed coking, purification, distribution, and end-use in electrodes/batteries.

Trends favor battery applications and sustainability, with preferences for high-purity grades.

Regulations on emissions drive low-sulfur production, while environmental factors promote recycling.