Petcoke is a by-product of cracking or delayed coker units of oil refinery where crude oil with high Sulphur content is used as a feedstock. Petcoke can be used as substitute of coal as it has high energy content and is cheaper compared to coal where cement and power generation are the two greatest consumers of fuel grade petcoke. There is high scope for the Asian Petcoke Market during 2015-2020.

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Regional forecast of the Asian Petcoke Market:

China is expected to have the highest growth in the Asian Petcoke Market owing to the high consumption of petroleum coke for power applications and cement industries. China researchers are demanding carbon tax and close monitoring of the end user industry to cut petcoke uses and petcoke consumption in the country.

India is the second leading consumer of the “Asian Petcoke Market”. There is high import and use of petroleum coke in the country for cement industries and electricity generation. It is expected to witness a small decline if government imposes any regulation against petroleum coke uses for health concerns of the population.

The demand for petcoke in Asia has been increasing due to increased consumption from major developing countries with rapid industrialization and also due to increased supply of heavy oils.

According to the IndustryARC market research study, the largest business expansion was undertaken by Reliance industries Limited, India. Petrochemical and refining are the two core business ventures of Reliance industries. The company’s petrochemicals project on petcoke gasifiers and off-gas crackers is its potential project in the Asian Petcoke Market.

Segmentation and key players of the Asian Petcoke Market:

The Asian Petcoke Market is segmented into various categories in the IndustryARC market research analysis report by type, by application and by geography.

By type: calcined petcoke, fuel grade petcoke
By application: aluminium, steel, power, cement and others
By geography: China, India, Japan and others (Indonesia, Malaysia, Kazakhstan and Thailand)

The key players in the Asian Petcoke Market as mentioned in the IndustryARC research report are as follows:
Indian Oil Corporation Ltd
China National Petroleum Corporation (CNPC)
Sinopec Corporation
China National Offshore Oil Corporation (CNOOC)
Reliance Industries Limited

The Asian Petcoke Market is a potential market with growing demand for petcoke for industrial and power applications in upcoming years. This market is expected to witness high demand in Asia owing to countries like China and India during 2015-2020.

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