Petroleum coke is a solid organic material derived during the crude oil refining process. Also called petcoke, it is mainly comprised of carbon and variable amounts of sulfurs and heavy metals.
Progressive Markets published a report, “Global Petroleum Coke Market - Size, Trend, Share, Opportunity Analysis, and Forecast, 2014-2025,” which says that the global Petroleum Coke market was valued at $14270 million in 2014 and is likely to garner $33464 million by 2025, growing at a CAGR of 8.5%
Crude oil that is left behind following the extraction of petroleum products such as wax, diesel, and other lubricants, is further processed to obtain petroleum coke. The type of petroleum coke produced depends on various aspects such as the kind of raw materials used and the temperature and time of the process.As petroleum possesses a high calorific value, it gained worldwide importance in the market since 2008 and finds application in numerous industries.
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Market Drivers and Restraints:
The report discusses the drivers and restraints that play a role in the growth of the petroleum coke market. There is a great demand for fuel grade coke in the cement industry, especially in the Asia-Pacific region.
Moreover, there is an increasing demand for global energy across the world. These are fueling the growth of the industry.
On the other hand, high volatile prices and the environmental concerns such as pollution due to high sulfur content in petroleum coke are causing the market to slow down.
Petroleum Coke Market Key Segmentation:
The petroleum coke market analysis report analyzes the market based on its segmentation. The market is segmented by type, application, and geography.
The market report emphasizes the various types of petroleum coke available in the market such as fuel grade coke and calcined coke. By application, the market is divided into power generation, calcination, cement kilns, and others.
Based on geography, the market is divided into North America, Europe, Asia-Pacific, and LAMEA. In North America, the market is analyzed across the U.S., Canada, and Mexico.
In Europe, the market is analyzed across UK, Germany, France, Spain, Italy, and the rest of Europe. In Asia-Pacific, the market has been studied in China, Japan, India, Australia, South Korea, and the rest of Asia-Pacific.
In LAMEA, the market analysis has been done for Brazil, Saudi Arabia, South Africa, and the other parts of LAMEA.
Key Market Players:
The report discusses the top players operating in the global petroleum coke market. They include BP Plc, ExxonMobil Corporation, Chevron Corporation, Reliance Industries Limited, Valero Energy Corporation, Indian Oil Corporation Limited, Royal Dutch Shell Plc., Essar Oil Corporation, Saudi Arabian Oil Company, and HPLC-Mittal Energy Limited.
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Key Benefits of the Report:
The petroleum coke market report provides a comprehensive analysis of the overall industry. It examines the major driving factors, restraints, opportunities, and challenges, petroleum coke market size, petroleum coke market share, petroleum coke market trends, Porter’s analysis, petroleum coke industry statistics, petroleum coke market outlook, industry segmentation, and key company profiles.
The information provided in the report is a result of an extensive primary and secondary research and opinions from industry experts. Petroleum coke market forecast and estimations are provided from 2017 to 2025 for each of the mentioned segments and regions.
The historical market size from 2014 to 2016 is also provided for every segment of the industry. The market drivers and restraints impacting the demand and supply of the market help new entrants and market players plan their business goals and strategies.
The Porter’s Five Forces analysis helps understand the competitive scenario prevailing in the market. The geographical analysis helps understand the consumption of petroleum coke in major countries.
The report highlights the emerging market players who adopt marketing strategies to expand their business presence.
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