Needle Coke Market Size

Needle Coke Market size was valued at USD 8.23 billion in 2024 and is expected to exceed USD 23.12 billion by the end of 2037, registering over 8.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of needle coke is evaluated at USD 8.78 billion.

The market is rising since the demand for needle coke is directed at a variety of industries, including aerospace and defense, steelmaking, and semiconductors, amongst others, due to numerous characteristics and benefits that include low porosity, low heat gain coefficient, low sulfur content, high conductivity, low metal content, or simple graphitization.

Furthermore, needle coke market growth is substantially increasing owing to the rising uptake of electric cars for reducing greenhouse gas emissions and air pollution, apart from carbon peak and carbon neutrality. By peaking carbon emissions before 2030 and achieving carbon neutrality by 2060, China provided increased support for developing countries in the green and low-carbon economy.