Petroleum Coke Market by Product (Calcined Coke and Fuel Grade Coke), and by End-User (Calcining, Power Plants, Cement Kilns, and Blast Furnace): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024

Global petroleum coke market expected to generate revenue of around USD 33.06 billion by the end of 2024, growing at a CAGR of around 8.79% between 2018 and 2024. The rapid industrialization and urbanization are expected to boost the global petroleum coke market. This development is mainly happening in the developing countries across the globe.

06-Aug-2018 | Number of pages: 110 | Report Code: ZMR-3258 | Report Format : | Status : Published

Analysis

Petroleum coke, also known as petcoke, is a solid material which is made from unrefined petroleum refining. In the modern world, petroleum coke is considered as a valuable commodity. Distinctive types of petroleum coke can be created by shifting the coking activity temperature, coking time duration, and type of crude and unrefined material utilized during the process. Those distinctive types are purge coke, needle coke, sponge coke, catalyst coke, and shot coke. These distinctive types of petcoke contrast in their substantial properties and volatile organic content. Petcoke and their types are used as the source of energy in various industries because the combustion and calorific value that the substance generates is high when compared to metallurgical coal and bituminous coal. The petcoke is generally used in cement factories and power plants. Petcoke is also utilized in the manufacturing process of metal, in which it is utilized to make anodes in an electric arc furnace. The specialty use of petroleum coke incorporates generation of titanium dioxide which is used in the paint and shading industry.

Petroleum coke is experiencing the highest growth rate in developed as well as developing countries. The rising demand for cleaner, greener, and low emission fuel in power generation and electricity industries across the globe are boosting the market. This demand from the developing nations and countries coupled with rapid industrialization and urbanization within those nations is escalating the growth and development of the market. Mainly the cement factories in developing countries are considered to be the largest energy consumer. In 2016, Arabian Cement at Egypt declared to invest an amount of USD 9 million for the construction of a petroleum coke mill. The main focus of this construction was to trim down the general operating expenditures by lowering the shipment charges of the products. This implementation of lowering the shipment charges coupled with the lesser carbon emission can be considered as an imperative feature which will increase the petroleum coke market growth. Moreover, the need for eco-friendly fuel to enhance tank and engine efficiency of any vehicle will foster the petroleum coke market development. In addition, rigorous government norms to reduce nitrogen dioxide emission and carbon emission will further set off the industry growth. In 2016, European Union formulated a regulation named 2016/2284/EU with the aim to reduce the air pollutants in the atmosphere including sulfur dioxides, VOC, ammonia, and fine particulate matters by 2030. 

Global Petroleum Coke Market

Based on product, the petroleum coke market is categorized into calcined coke and fuel grade coke. On the basis of end-user, the market is bifurcated into cement kilns, calcining, power plants, and blast furnace. 

The Asia Pacific held substantial revenue share of the global petroleum coke market in 2017 and the region is anticipated to continue with its regional supremacy over the forecast period. The growth of this regional market is attributed due to growing population and rapid industrialization in developing countries. Moreover, with the increasing number of government initiatives for the clean, green, and sustainable environment will drive the market growth. Thus, Asia Pacific is predicted to provide significant opportunities for petroleum coke market. In the developing countries like China and India, current capital expenditure and fundraising activities in commercial and industrial sectors including the measures to decrease dependency on coal will boost the petroleum coke market growth. Such factors are expected to drive the petroleum coke market growth in the Asia Pacific region over the forecast timeframe. 

Some of the industry players operating in the petroleum coke market include ExxonMobil, Reliance, Royal Dutch Shell, Chevron, Husky Energy, Atha Group, Carbograf, Oxbow Corporation, Aminco Resources, Saudi Aramco, Essar Oil, Bharat Petroleum, Indian Oil, Valero Energy, HPCL-Mittal Energy (HMEL), Rain CII, Cocan Graphite Trammo, Marathon Petroleum, Shamokin Carbons, and others.


Related Reports

Global Microgrid Market – By Grid Type (DC Microgrid and AC Microgrid), By Connectivity (Off-Grid and Grid Connected), By Storage (Lead Acid, Lithium-ion, Flywheel, Flow Batteries, and Others), By Power Source (Natural Gas, Diesel Generator, Solar PV, CHP, and Others), By Application (Utility, Military, Educational Institutes, Healthcare, Remote, Industrial/Commercial, and Others), and By Region: Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2025

Feb-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5304 | Report Format:

This report analyzes and estimates the microgrid market at global, regional, and country level. The research study provides historic data from 2015 to 2019 along with the forecast from 2020 to 2025 based on revenue (USD Billion). The report offers detailed insights of the microgrid market drivers ...Read More

Vanadium Redox Battery (VRB) Market – By Type (Redox and Hybrid), Electrode Type (Carbon Paper Electrode and Graphite Felt Electrode) and By Application (Utilities, Commercial & Industrial, Military, EV Charging Station, and Others): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026

Feb-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5238 | Report Format:

This professional and specialized report study examines the technical and business perspective of the vanadium redox battery (VRB) industry. The report provides a historical analysis of the industry as well as the projected trends expected to be witnessed in the vanadium redox battery (VRB) market...Read More

Slope Stabilisation & Erosion Control Product Market – By Product Type (Geotextiles, Geocells, Erosion Control Blankets, Open weave textiles, Turf reinforcement mats and Sediment retention fiber logs) and By Application (Transportation, Hydraulic Construction, Soil stabilization, Earth reinforcement, Load support, Channel protection and Others): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026

Feb-2020 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5236 | Report Format:

This professional and specialized report study examines the technical and business perspective of the slope stabilisation erosion control product market. The report provides a historical analysis of the industry as well as the projected trends expected to be witnessed in the slope stabilisation ...Read More

Oil and Gas Fittings Market: by Type (Portable Generator and Stationary Generator), By Power Output (Less than 1.0 KW, 1.0 to 3.0 KW, 3.0 to 5.0 KW, and More than 5.0 KW), By Power Output (Standby Backup Power and Continuous Power) and by End-Use (Commercial, Residential, Industrial, Agricultural, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 - 2026

Dec-2019 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5163 | Report Format:

The global oil and gas fitting market valued US$ 1.06 Billion in 2018 and is expected to be valued at US$1.32 Billion in 2026 at a CAGR of 2.8%. The report covers forecast and analysis for the oil and gas fittings market on a global and regional level. The research report presents a comprehensive ...Read More

Conductive Fibers Market: by Reinforced Material by Type (Copper, Carbon, Nickel, Lead, Silver, and Others), by Application (Non-Woven Fabric, Woven Fabric, and Knitted Fabric), Base Material Type (Cotton, Nylon, Polyester, Wool, Polyamide, and Others) and by End-Use (Military & Defense, Aerospace & Aviation, Sports & Fitness, Consumer Electronics, Protection & Safety, Fashion & Entertainment, Transportation, Architecture, and Industrial Belts): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 - 2026

Oct-2019 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-4937 | Report Format:

The forecast and analysis for the conductive fibers market on a global and regional level are covered in this report. The study offers a widespread valuation of the market, competition, evolving trends, opportunities, and industry-validated market numbers. The report provides significant data of 2...Read More

Request Brochure

COVID-19

A Global Pandemic

Request the coronavirus impact analysis across industries and market

Request impact analysis on this market
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.