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Report Overview
The global pitch coke market size 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.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- 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 Market Trends
The market for pitch coke is primarily influenced by the rising demand from end-use applications such as aluminium and the surging demand for graphite electrodes. Aluminium is the largest application for calcinated petroleum coke. As the global aluminium market is expected to witness a robust growth, the demand for pitch coke is likely to grow in the forecast period.
Furthermore, pitch coke is used in the production of carbon anodes, which play a pivotal role in smelting aluminium. As the demand for lightweight materials continues to surge, the aluminium industry is in a state of perpetual growth. Simultaneously, the steel industry relies heavily on pitch coke to manufacture carbon anodes through the electric arc furnace method.
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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124