Pitch Coke Market by Application and Geography - Forecast and Analysis 2021-2025

The pitch coke market size has the potential to grow by USD 168.68 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 1.58%. 

This report provides a detailed analysis of the market by application (aluminum smelters, graphite electrodes, and others), geography (APAC, Europe, MEA, North America, and South America), and key vendors. 

Market Overview

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

• Asbury Carbons Inc.
• Hierros y Carbones SA
• Jining Carbon Group Co. Ltd.
• Mitsubishi Chemical Holdings Corp.
• C Chem Co. Ltd.
• RESORBENT sro
• Shamokin Carbons
• Baosteel Group Corp.
• SCM Ltd.
• Tianjin Yunhai Carbon Element Products Co. Ltd.

 

The pitch coke market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.  

The market players also significantly leverage external market drivers such as rising demand for semiconductors and carbon brushes to achieve growth opportunities. However, factors such as regulations on carbon pollution will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

This pitch coke market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. The report provides information on the production, sustainability, and prospects of the leading companies. This will help companies create strategies to make the most of future growth opportunities. 

Pitch Coke Market: Key Drivers and Trends

There is a growing demand for semiconductors that are extensively incorporated into mobile phones, laptops, televisions, security systems, and other electronic devices.  There is an increase in the demand for carbon brushes used in the manufacture of electric motors in commutator machines. This is driving the need for pitch coke as it is used in the manufacture of carbon brushes and silicon wafers. With the growing demand for electronic devices and the rise in industrial activities, the need for pitch coke will increase during 2021-2025. The rising demand for semiconductors and carbon brushes is one of the critical factors that will boost the growth of the pitch coke market during the forecast period.

With technological advancements in machine learning, artificial intelligence, and robotics, the mining industry is transitioning toward robotics and automation for improved safety and production. This will result in an increase in the production capacity, stimulating the global production of coal. This will subsequently aid in meeting the demand for pitch coke from various industries including the aluminum and steel manufacturing sectors. Advancements in the mining industry that will stimulate the global production of coal, will be a key trend that will drive pitch coke market growth.

 

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Pitch Coke Market: Segmentation by Geography

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72% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for pitch coke in APAC. Market growth in this region will be faster than the growth of the market in regions.

The high consumption of pitch coke in the aluminum and steel industries is one of the prime factors that will facilitate the pitch coke market growth in APAC over the forecast period.  

Pitch Coke Market: Segmentation by Application

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The application of aluminum in the automotive, construction, machinery and equipment, consumer goods, foil and packaging, and electrical and electronics industries is increasing extensively. As a result, the aluminum industry is witnessing significant growth. The industry primarily depends on pitch coke for the aluminum smelting process. Therefore the growth of the market segment is expected to be significant during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the pitch coke market size.

 

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Pitch Coke Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive pitch coke market growth during the next five years
• Precise estimation of the pitch coke market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the pitch coke industry across APAC, Europe, MEA, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of pitch coke market vendors

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Pitch Coke Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 2%
Market growth 2021-2025	$ 168.68 million
Market structure	Fragmented
YoY growth (%)	0.48
Regional analysis	APAC, Europe, MEA, North America, and South America
Performing market contribution	APAC at 72%
Key consumer countries	China, India, US, Russian Federation, and Canada
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	Asbury Carbons Inc., Hierros y Carbones SA, Jining Carbon Group Co. Ltd., C Chem Co. Ltd., RESORBENT sro, Shamokin Carbons, Baosteel Group Corp., SCM Ltd., Tianjin Yunhai Carbon Element Products Co. Ltd., and Mitsubishi Chemical Holdings Corp.
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.