Petroleum Coke Market Price, Analysis, Growth, Share, Industry Trends And Forecast 2020-2025


According to the latest report by IMARC Group, titled “Petroleum Coke Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global petroleum coke market grew at a CAGR of around 8% during 2014-2019. Petroleum coke, or pet coke, is a type of fuel derived from the crude oil distillation process. It offers lower ash content, higher power output value, and more cost-effectiveness than conventional fossil fuels. Few common variants of pet coke include sponge, needle, shot, and honeycomb coke. Petroleum coke possesses immense chemical stability and is often used to produce metals and bricks, cement, electrodes, anodes, fertilizers, etc.

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Rapid industrialization and consistent infrastructural developments have propelled the consumption of steel in the construction industry, consequently driving the utilization for petroleum coke. Moreover, the widespread adoption of calcined pet coke as a substitute for coal in furnaces, burners, and steel mills also propels the market growth. Additionally, the emergence of green pet coke with less sulfur content, high resistance to corrosion, enhanced ductility, improved thermal and electrical conductivity, is also bolstering the product demand. Besides this, the growing emphasis on minimizing the dependency on fossil fuels for energy generation and the launch of favorable government policies to reduce carbon footprints are also expected to impel the market for petroleum coke in the coming years. Looking forward, IMARC Group expects the global petroleum coke market to continue its moderate growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global petroleum coke market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, type and application.

Breakup by Type:

  • Fuel Grade Coke
  • Calcined Coke

Breakup by Application:

  • Power Plants
  • Cement Kilns
  • Steel
  • Aluminium
  • Fertilizer
  • Others

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

Competitive Landscape Key Player:

  • BP Plc
  • Chevron Corporation
  • ConocoPhillips
  • Exxon Mobil Corporation
  • HPCL – Mittal Energy Limited
  • Indian Oil Corporation Ltd.
  • Marathon Petroleum Corporation
  • Royal Dutch Shell Plc
  • Saudi Arabian Oil Co.
  • Trammo Inc.
  • Valero Energy Corporation

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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