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.
Petroleum Coke Market - Scope and 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, and catalyst coke, shot coke and purge coke.
· The application segment for petroleum coke market is segmented into power plants, cement industry, steel industry, aluminium industry and others.
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Market Analysis and Insights- Petroleum Coke Market:
Lemur coke also known as petcock is a solid rock material is a by-product 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 favouring 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.
Petroleum Coke Market - Country Level Analysis:
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.
Key Players - Petroleum Coke Market:
· 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.
· Carbograf Industrial S.A. de C.V.
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MAJOR TOC OF THE REPORT:
· Chapter One: Introduction
· Chapter Two: Market Segmentation
· Chapter Three: Market Overview
· Chapter Four: Executive Summary
· Chapter Five: Premium Insights
· Chapter Six: Global Market by Product Procedure type
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