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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Pitch Coke Market Size
The global pitch coke market reached nearly 7,900.20 KMT in 2023. The market is projected to grow at a CAGR of 1.7% between 2024 and 2032 to attain a volume of approximately 9,312.40 KMT by 2032.
Key Takeaways
- Regions such as China, Europe, and North America registered an annual aluminium smelting capacity of 42.16 MMT, 2.7 MMT and 4.91 MMT respectively in 2021.
- NIPPON STEEL Chemical & Material Co., Ltd., Mitsubishi Chemical Corporation, and Shanghai Baosteel Chemical Co. Ltd. are a some major companies in the market.
- The market is being propelled forward by the increasing demand for aluminium anode and electrodes.
Pitch coke is a carbon-rich solid material that is produced from coal tar pitch during coke production. In appearance, it is black, brittle, and strong. Pitch coke is lustrous at room temperature and physiochemically stable. It is mainly characterised by its high carbon content (approximately 98% C) and contains around 0.6 to 0.8% sulphur and a maximum of 0.6% volatile component.
The global pitch coke market is experiencing robust growth, primarily propelled by the increasing demand for aluminium and steel. This heightened demand is closely linked to the surge in global aluminium and steel production, which is a direct result of the escalating levels of industrial activities worldwide.
Some other factors driving the global pitch coke market growth are technological advancements in the mining industry, increasing demand for aluminium in the automotive sector, and rising demand for graphite electrodes in EAF steelmaking.
Pitch Coke Market Report Snapshots
Pitch Coke Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global market volume was nearly 7,900.20 KMT.
The market is projected to grow at a CAGR of 1.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around 9,312.40 KMT by 2032.
One of the major market drivers includes increasing demand for aluminum and steel from end use sectors such as construction, automotive, and energy.
The key trends include the rising demand of graphite electrodes in EAF steelmaking and the growing aluminium demand in lightweight materials.
The major end uses of pitch coke include aluminium anode, electrode, others.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major players in the market include NIPPON STEEL Chemical & Material CO., LTD., Mitsubishi Chemical Corporation, Shanghai Baosteel Chemical Co., Ltd., Sojitz Corporation, Asbury Carbons Inc., POSCO MC Materials, and Shaanxi Coal and Chemical Industry Group Co., Ltd., among others.
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