Pitch Coke Market Size, Share & Industry Analysis, By Application (Aluminum Anode, Artificial Graphite Electrode, Recarburizer, Carbon Specialty, Carbon Additive, Antifriction, Refectories, Others) And Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Pitch coke is produced from coal tar that occurs during coke production. It is also a by-product, which comes from the thermal distillation of graphite or bituminous coal manufacturing. It has relatively high thermal conductivity and inherently low in sulfur than calcined pet-coke. The global pitch coke market is experiencing strong growth, driven mainly by the rising demand for aluminum and steel.
Furthermore, the pitch coke is extremely high in carbon but low in impurities. It is mainly used as a raw material and carburization agent in several products. The pitch coke finds its application in the aluminum anode, artificial graphite electrode, recarburizer, carbon specialty, carbon additive, antifriction, flame retardant, and refectories.
The increasing demand for pitch coke from the various application will fuel the market growth. As a raw material, the product is used for the anode in aluminum smelting. In the manufacturing of electrodes, the pitch coke is highly used as a recarburiser and input. Moreover, the product inhibits considerably lower content of volatile components, thereby makes it’s a preferred choice when compared with green petroleum coke. The increase in governmental initiatives on the usage of solar panels in commercial and residential buildings coupled with rising demand for electrode will boost the consumption of pitch coke. Hence, these factors will fuel market growth during the forecast timeline.
However, the climatic changes affect the working of solar panels, thereby affect the solar panel use in various applications. Hence, this is anticipated to hamper the Pitch Coke Market growth.
Key Market Driver -
The rising demand of pitch coke from various applications to drive the market growth.
Key Market Restraint -
Climatic changes to hamper the market growth
Market Segmentation:
Based on application, the pitch coke market is segmented into aluminum anode, artificial graphite electrode, recarburizer, carbon specialty, carbon additive, antifriction, flame retardant, refectories, and others. From a geographical standpoint, the Pitch Coke Industry is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Key Players Covered:
- SUMMIT CRM Limited
- Rain Carbon Inc.
- Sojitz JECT Corporation
- DONGSUNG CORPORATION
- ASBURY CARBONS
- Bilbaína de Alquitranes, S.A
- Shamokin Carbons
- Ukrgraphit
- Mitsubishi Chemical
- Tianjin Yunhai Carbon Element Products Co., Ltd.
- RESORBENT S.R.O.
- C-Chem Co.
- Baosteel Chemical
- Others
Key Insights
- Key Emerging Trends – For Major Countries
- Key Developments: Mergers, Acquisition, Partnership, etc.
- Latest Technological Advancement
- Insights on Regulatory Scenarios In Pitch Coke Market
- Porters Five Forces Analysis
Regional Analysis:
Asia Pacific is anticipated to witness sustainable growth in the pitch coke market. The growth is attributed to the increasing product demand in the aluminum anode and carbon specialty applications. The higher product adoption in electrode and refectories will fuel the market growth in North America, in which the US and Canada are the leading countries. In Europe, the growth is due to, increasing use of the product in recarburizer and flame retardant applications. The Middle East & Africa is anticipated to witness significant growth, owing to the adoption of pitch coke in the antifriction.
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Pitch Coke Market Segmentation
ATTRIBUTES | DETAILS |
By Application |
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By Geography |
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- Ongoing
- 2023
- 2019-2022
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