Petroleum Coke Market Size By Type, By Application, By Geographic Scope And Forecast


Posted March 9, 2020 by jennysmith22119

Petroleum Coke Market was valued at USD 18.93 Billion in 2018 and is projected to reach USD 35.85 Billion by 2026, growing at a CAGR of 8.32 % from 2019 to 2026.

 
Petroleum Coke Market Size And Forecast
According to Verified Market Research, Global Petroleum Coke Market was valued at USD 18.93 Billion in 2018 and is projected to reach USD 35.85 Billion by 2026, growing at a CAGR of 8.32 % from 2019 to 2026.

What is Petroleum Coke?
Petroleum coke is a final carbon-rich solid material product of the crude oil distillation process, contain over 80% carbon. It is a material with high heat value and carbon content with good chemical stability. It is also prepared from bitumen; the process is called coking and most typically employs chemical engineering plant operation for the specific process of delayed coking. It is abbreviated a petcoke. It is used in many applications such as anode and electrode, as a fuel in brick and metal industries. There are four types of petroleum coke: needle coke, sponge coke, honeycomb coke, and shot coke.

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Global Petroleum Coke Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

Rising demand for cement and metals is driving the growth of the market. Currently, power plants and cement plants are two major consumers of petcoke. Many ferrous & non-ferrous metallurgical industries are demanding fuel coke, anode coke, etc. in huge quantities. The market is estimated to grow at a steady rate, but innovations in bitumen extraction are projected to shoot up petcoke production. Despite environmental concerns, it has remained popular due to its cost-effectiveness. It is an attractive, yet effective fuel for developing countries. Further demand for steam generation and electrical power has also increased considerably. Although, several countries have banned the import of petroleum coke for use as a fuel which is restraining the growth of the market.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Petroleum Coke Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.

Global Petroleum Coke Market Competitive Landscape
The “Global Petroleum Coke Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Essar Oil, Chevron Corporation, Valero Energy Corporation, Reliance Industries, Royal Dutch Shell, Saudi Arabian Oil Company, ExxonMobil, British Petroleum, Marathon Petroleum Corporation, and Trammo, Inc. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.

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Petroleum Coke Market, By Type
• Fuel Grade
• Calcined Coke

Petroleum Coke Market, By Application
• Aluminium & Other Metals
• Cement
• Storage
• Steel
• Power
• Others

Petroleum Coke Market, By Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Rest of the World
o Latin America
o Middle East & Africa

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Issued By vmr
Country United States
Categories Business
Tags petroleum coke market
Last Updated March 9, 2020