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    Global Petcoke Market Analysis Report

    Global Petcoke Market Analysis Report
    Report code - SR1046 Delivery - 2 Weeks
    Global Petcoke Market Size, Share, Trend, Forecast, Opportunities, Challenge &am See more...

    Market Insights

    The global Petcoke Market was projected to grow from USD 18 billion in 2021 to USD 34.63 billion in 2028 at a CAGR of 9.8% during the forecast period.

    Global-Petcoke-market-size

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    What is Petcoke?

    Petroleum coke refers to a solid carbon byproduct used as a fuel in the process of raw oil distillation. It offers high-power output and low ash content and therefore, is highly efficient as in comparison with traditionally-used fossil fuels. Some of its common types are needle, sponge, wave, and shot coke. It is extremely stable in chemical products and is used primarily in the production of anodes, electrodes, bricks and metals, cement, fertilizers, etc.

    Global Petcoke Market Report Overview

    Market Size in 2028

    USD 34.63 billion

    Market Size in 2021

    USD 18 billion

    Market Growth (2022-2028)

    CAGR of 9.8% 

    Base Year of Study

    2021

    Trend Period

    2016-2020

    Forecast Period

    2022-2028

    Key Players

    The following are the key players operating in the market-

    • Reliance
    • Atha Group
    • BP
    • Cocan Graphite Trammo
    • ExxonMobil
    • Marathon Petroleum
    • Atha Group
    • Saudi Aramco
    • Rain CII
    • Essar Oil
    • Corporation 

    Market Dynamics

    Petcoke-market-snapshot

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    One of the key factors driving the market growth is rapid industrialization, especially in developing economies. Another significant growth-inducing factor is the increased emphasis on reducing dependence on fossil fuels for energy generation.

    In addition, significant developments in infrastructure around the globe have a positive market outlook. Further, the rise in the disposable income of consumers along with growing road safety concerns related to passenger and commercial vehicles is expected to fuel the growth of the market during the forecast period.

    Segments Analysis

    By Grade Type

    The market is segmented into fuel grade and calcined grade. Calcined petroleum coke is expected to lead the market during the forecast period. The growth of the segment can be attributed to its low-emission properties and high investments made in the development of the primary metal manufacturing industry. Increased use of calcinated petcoke and its growing demand for steel mills as a recarburizing agent will increase the industry prospects. Furthermore, changing trends towards coke's use in furs & boilers as a substitute for coal will have a positive impact on the timeline for its adoption.

    By Physical Form Type

    The market is segmented as sponge coke, purge coke, shot coke, and needle coke. The market for needle petcoke is estimated to grow by more than 10% during the forecast period. The growing demand for steel and aluminum will foster the product demand, driven by the growing construction, automobiles, and transportation sectors. In addition, rapid marketing and industrialization will further enhance industrial growth in the coming years, primarily in developing economies.

    By Region

    The petcoke industry was estimated at more than 2 billion in North America in 2016 and is all set to grow significantly over the forecast period. Business growth is majorly driven by positive perspectives for the expansion of the primary metal industry and continuous investments made in refinery expansion. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

    Petcoke-market-region

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    Segmentation

    The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The market is segmented into the following categories:

    By Grade Type:

    • Fuel Grade
    • Calcined Grade

    By Physical Form Type:

    • Sponge Coke
    • Purge Coke
    • Shot Coke
    • Needle Coke

    By Application Type:

    • Power Plants
    • Cement Industry
    • Steel Industry
    • Aluminum Industry
    • Others

    By Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Petcoke-market-segmentation

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    Report Features

    This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    in-depth analysis of the global petcoke market

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    What are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Customization Option

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation by any one of the physical form types by application type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    Petroleum coke refers to a solid carbon byproduct used as a fuel in the process of raw oil distillation. It offers high-power output and low ash content and therefore, is highly efficient as in comparison with traditionally-used fossil fuels.

    The market is expected to grow at a CAGR 9.8% during forecast period.

    The study period of this market is 2016-2028.

    The market size was estimated to grow from USD 18 billion in 2021 to USD 34.63 billion by 2028.

    North America market is estimated to be the largest market for petcoke during 2022-2028.

    BP, Cocan Graphite Trammo, ExxonMobil, Marathon Petroleum, Reliance, Atha Group, Saudi Aramco, Rain CII, Essar Oil and Oxbow Corporation are the key companies in the market.

    The market for needle petcoke is estimated to grow by more than 10% during the forecast period.

    One of the key factors driving the market growth is rapid industrialization, especially in developing economies. Another significant growth-inducing factor is the increased emphasis on reducing dependence on fossil fuels for energy generation.

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