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

  • Published: Feb 2021
  • Pages: 120
  • SKU: IRTNTR70212
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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

Pitch-Coke-Market-Market-Size-2020-2025

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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. Click here to uncover other successful business strategies deployed by the vendors. 

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.

Download a free sample of the pitch coke market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This pitch coke market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. 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

Pitch-Coke-Market-Market-Share-by-Region-2020-2025

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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. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Pitch Coke Market: Segmentation by Application

Pitch-Coke-Market-Market-Share-by-Application-2020-2025

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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 a 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.

Fetch actionable market insights on post COVID-19 impact on each segment. 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.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
Interested in this report?
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The pitch coke market growth will increase by $168.68 million during 2020-2025.
The pitch coke market is expected to grow at a CAGR of 1.58% during 2020-2025.
Technavio has segmented the pitch coke market by application (Aluminum smelters, Graphite electrodes, and Others) and geographic (APAC, Europe, MEA, North America, and South America).
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. are a few of the key vendors in the pitch coke market.
APAC will register the highest growth rate of 72.33% among the other regions. Therefore, the pitch coke market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • India
  • US
  • Russian Federation
  • Canada
The key factors driving the pitch coke market growth are:
  • Increasing demand for aluminum and steel
The pitch coke market vendors should focus on grabbing business opportunities from the aluminum smelters segment as it accounted for the largest market share in the base year.
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