Global Petroleum Coke Market – Industry Trends and Forecast to 2028

Market Analysis and Insights : Global Petroleum Coke Market

Petroleum coke market size is valued at USD 41.26 billion by 2028 and is expected to grow at a compound annual growth rate of 8.80% for the forecast period of 2021 to 2028.  Data Bridge Market Research report on petroleum coke market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.

Petroleum coke also known as petcoke is a solid rock material is a byproduct of crude oil refining and various other cracking processes. Different grades of petroleum coke are formed by varying the cooking time length, coking operation temperature as well as the quality of raw material used.

The rapidly increasing power and cement industry in emerging economies has highly influenced growth of the petroleum coke market. In line with this, the increasing use of petroleum coke as a cost effective fuel in cement and energy industries is also acting as a key determinant favoring the growth of the petroleum coke market over the forecast period of 2021 to 2028. Also the, constant depletion of conventional energy sources and the growing demand for alternate fuels with high energy output is also positively impacting the growth of the petroleum coke market. The major factor accountable for the growth of the market is the ever-increasing application scope of the material across the construction sector, facilitated by continual infrastructural developments across the globe. Beside this, the petroleum coke also possesses high fuel constancy and slighter risks of combustion during transportation at reasonable rates which is also flourishing the growth of the petroleum coke market. However, the  harmful environmental impact and health hazards may act as key restraint towards petroleum coke market growth rate in the forecast period of 2021 to 2028, whereas the strict government regulations towards the use of petroleum coke in some countries have the potential to challenge the growth of the petroleum coke market in the above mentioned forecast period.

Furthermore, the approval to the use petroleum coke in various industrial applications by agencies such as CRS and EPA will further offer a variety of growth opportunities for the petroleum coke market in the above mentioned forecast period.

This petroleum coke market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on petroleum coke market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Petroleum Coke Market Scope and Market Size

Petroleum coke market is segmented on the basis of type, product type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.

• On the basis of type, the petroleum coke market is segmented into fuel grade coke and calcined coke. Fuel grade coke segment dominated the market and is likely to witness rapid growth over the forecast period owing to the high calorific value coupled with the product.
• Based on product type, the petroleum coke market is segmented into needle coke, sponge coke, catalyst coke, shot coke and purge coke.
• The application segment for petroleum coke market is segmented into power plants, cement industry, steel industry, aluminum industry and others.

Petroleum Coke Market Country Level Analysis

Petroleum coke market is analyzed and market size, volume information is provided by country, type, product type and application as referenced above.

The countries covered in the petroleum coke market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific leads the petroleum coke market because of the emerging economies such as India and China utilize a large percentage of petroleum coke in power plants and cement kilns which have resulted in high petroleum coke demand within this region. Europe is expected to expand at a significant growth of the over the forecast of 2021 to 2028 due to low costs coupled with electricity production within this particular region.

The country section of the petroleum coke market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Petroleum Coke Market Share Analysis

Petroleum coke market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to petroleum coke market.

The major players covered in the petroleum coke market report are
Exxon Mobil Corporation, Oxbow Corporation, Royal Dutch Shell, Aramco Trading, bp America, Essar, Reliance Industries Limited, Chevron Corporation, Valero, Indian Oil Corporation Ltd, Trammo, Inc., Phillips 66 Company, Marathon Petroleum Corporation, AMINCO RESOURCES LLC., HPCL-Mittal Energy Limited (HMEL), Bharat Petroleum Corporation Limited, Shamokin Carbons, Husky Energy Inc., Rain Carbon Inc., and Carbograf Industrial S.A. de C.V., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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