Global pitch coke market is anticipated to grow at a CAGR of 2.6% during the forecast period (2024-2031). Regulatory policies and environmental concerns shape the pitch coke market. Government regulations aimed at reducing emissions can lead to increased investments in this sector. As awareness about environmental sustainability grows, stakeholders may prioritize sustainable supply chains and seek out pitch coke suppliers that adhere to strict environmental standards. Additionally, efforts to transition to renewable energy sources can indirectly influence the pitch coke market by impacting the availability and pricing of alternative materials. Overall, regulatory policies and environmental considerations are major drivers for both demand and innovation in the pitch coke market. For instance, in October 2023, POSCO embarked on a trial run to internally produce high-temperature pitch, a vital component used as an anode material in batteries.
Browse the full report description of “Pitch Coke Market Size, Share & Trends Analysis Report by Type (Raw Coke and Calcined Coke), and by Application (Aluminum Anode, Artificial Graphite Electrode, Decarburized, Carbon Specialty, Carbon Additive, Crucibles for Semiconductors, and Equipment for Solar Array Panel) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/pitch-coke-market
In February 2023, POSCO initiated the construction of its second synthetic graphite anode material plant in Pohang, South Korea. It has an annual production capacity of 10,000 tons, this facility represents a significant investment aimed at meeting the growing demand for high-quality synthetic graphite anode materials in the battery industry. This expansion underscores POSCO's dedication to bolstering its position as a key player in the global battery materials market.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Asbury Carbons, Inc., Baosteel Group Corp., NIPPON STEEL Chemical & Material Co., Ltd., Mitsubishi Chemical Group Corp., and Shaanxi Coal & Chemical Industry Group Co., Ltd., among others.
Key questions addressed by the report.
Global Pitch Coke Market Report Segment
By Type
By Application
Global Pitch Coke Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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