“Increasing Adoption of 3D Imaging and Digital Integration”
- The needle coke market is witnessing consistent growth, driven by its essential role in the production of graphite electrodes used in electric arc furnaces for steel recycling
- Increasing demand for electric vehicles and energy storage solutions is driving the need for high-quality needle coke, particularly for use in lithium-ion batteries
- The market is experiencing a shift towards premium and super-premium grades of needle coke, which offer superior performance and are preferred by industries for producing high-quality graphite electrodes
- There is a noticeable increase in investments in the expansion of steel production facilities, which is directly boosting the demand for needle coke as a key raw material for graphite electrode manufacturing
- For instance, the growing demand for steel in automotive and construction industries is prompting manufacturers to increase the production of electric arc furnaces, thereby raising the need for needle coke in these applications
