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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Pitch Coke Market Analysis by Region
Pitch coke consumption in the Asia Pacific is expected to increase significantly due to growth of various industrial sectors, including steel, aluminium, and automotive. Pitch coke is used as a crucial raw material in electrode production. In 2022, China's annual aluminium production increased by 4.5% compared to the 2021. The increasing demand for lightweight metals, particularly in the construction, transportation, and packaging sectors, is contributing to the growing demand for aluminium in this region.
The Europe pitch coke market is being driven by the higher demand for primary aluminium due to its diverse applications in end-use sectors. Russian electrode leader, Energoprom (EPM) Group, in collaboration with the Ministry of Industry and Trade of the Russian Federation and the Government of the Rostov Oblast, entered into a special investment contract aimed at modernising the production of graphite electrodes at the EPM – Novocherkassk Electrode Plant. Such modernisation activities are expected to positively impact the market for pitch coke in Europe.
North America holds a substantial share of the pitch coke market, driven by the significant production of primary aluminium in Canada. The country exports about 90% of its primary aluminium produce to the USA, due to its rising demand from key end-use industries like solar panels, construction, electronics, and aerospace and defence, among others in the USA.
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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