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Stock impact report

Global Needle Coke Industry Research 2024: A $6.58 Billion Market by 2033, Driven by Steelmaking and Electric Vehicle Demand [Yahoo! Finance]

GrafTech International Ltd. (EAF) 
Last graftech international ltd. earnings: 2/6 06:45 am Check Earnings Report
Company Research Source: Yahoo! Finance
Use, and Country-Level Analysis - Analysis and Forecast, 2023-2033" report has been added to ResearchAndMarkets.com's offering. The global needle coke market was valued at $3.05 billion in 2023, and it is expected to grow at a CAGR of 7.99% and reach $6.58 billion by 2033. This market is shaped by infrastructural advancements, economic growth, urbanization, industrialization, and growing demand for steel and electric vehicles. Conversely, challenges such as global uncertainties, regulatory discrepancies, economic instability, and infrastructural limitations pose hurdles to growth. The needle coke market has been consistently growing with the growing demand for graphite electrodes for the steelmaking process. With the rapid expansion of the electric vehicle industry, the market is gaining more revenue. The unique properties of needle coke make it highly desirable for the production of graphite electrodes, which are essential components in electric arc furnaces used in steel product Show less Read more
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