Pitch Coke Market to Witness Robust Expansion by 2031

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. 

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.

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Market Coverage

• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031

Segment Covered- 

• By Type
• By Application

Regions Covered-

• North America
• Europe
• Asia-Pacific
• 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.

Pitch Coke Market Report Segment

By Type

• Raw Coke
• Calcined Coke 

By Application

• Aluminium Anode
• Artificial Graphite Electrode
• Decarburised
• Carbon Speciality
• Carbon Additive
• Crucibles for Semiconductors
• Equipment for Solar Array Panel

A full Report of Pitch Coke Market is Available @  https://www.omrglobal.com/industry-reports/pitch-coke-market

Pitch Coke Market Report Segment by Region

North America                                                                                                            

• United States
• Canada

Europe

• UK
• Germany
• Spain
• France
• Italy
• Rest of Europe

Asia-Pacific

• India
• China
• Japan
• South Korea
• Rest of APAC

Rest of the World

• Latin America
• Middle East and Africa 

Company Profiles

• Asbury Carbons, Inc.
• Avdiivka Coke
• Baowu Carbon Material Technology Co. Ltd. 
• Fangda Carbon New Material Co. Ltd. 
• Jining Carbon Group Co. Ltd.
• Kaifeng Carbon Co. Ltd, Zhongping Energy & Chemical Group (KFCC) 
• Ningxia Wanboda Carbons & Graphite Co., Ltd. 
• POSCO M&C Materials Co., Ltd. 
• RESORBENT, s.r.o.
• Rain Carbon Inc. 
• Sasol Ltd. 
• Shamokin Carbons
• Sojitz Ject Corp.
• Tianjin Yunhai Carbon Element Products Co., Ltd.

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Article source: https://article-realm.com/article/Business/63880-Pitch-Coke-Market-to-Witness-Robust-Expansion-by-2031.html