【Needle Coke】 China's needle coke market scale prediction and analysis in 2023

In the beginning, needle coke was mainly used in the graphite electrode industry. According to data, from 2016 to 2021, needle coke market size increased from 1.4 billion yuan to 16.2 billion yuan, with a compound growth rate of 63.18%. Needle coke market is expected to reach 35.1 billion yuan in 2023. 

According to different production materials, needle coke can be divided into petroleum based needle coke and coal based needle coke. In recent years, China's needle coke production capacity has rapidly expanded. According to data, in 2016, the global needle coke production capacity was 1.07 million tons/year, of which, China's needle coke production was 350000 tons/year, accounting for 32.71% of the global production capacity. At that time, there were only 5 needle coke manufacturers in China. Since 2018, China's needle coke investment and construction have accelerated. By 2021, the global production capacity has increased to 3.36 million tons/year, among which China's production capacity has increased to 2.29 million tons/year, accounting for 68.15% of the global production capacity. China's needle coke production enterprises have increased to 22. In 2021, the total production capacity of China's needle coke enterprises increased by 554.29% compared to 2016, while foreign needle coke manufacturers' capacity was relatively stable. For more analysis and prediction of needle coke market in China and abroad, feel free to further communicate with us.