Global Petroleum Coke Market Overview:
Fueling development in cement and power generation industry will help to boost global petroleum coke market. Petroleum coke or petcoke is the final solid substance that is derived from oil refining. Petroleum coke is available in two forms, fuel grade, and calcined grade. Rising power and cement industry in developing countries such as India, China, and Vietnam are projected to drive the petroleum coke market over the forecast period. Petroleum coke is used in various industries including power generation, construction, aluminum & other metals, and others.
As per latest study released by AMA Research, the Global Petroleum Coke market is expected to see growth rate of 7.6%Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Growing Demand Due To Increasing Application Of Needle Calcined Coke In Battery Electrodes and High Demand In Cement And Construction Industry
Market Growth Drivers:
Evolution in Supply of Heavy Oils across the World and Upsurge in Steel Owing To Development
Challenges:
Stringent Environmental Regulations towards the Use of Petroleum Coke
Restraints:
Rising Concern about High Content and Highly Unstable Fuel Costs
Opportunities:
Huge Opportunities Due To The Advancement In Technology That Increased The Oil Production
Competitive Landscape:
Some of the key players profiled in the report are Essar Oil (India), Saudi Arabian Oil Company (Saudi Arabia), BP (United Kingdom), Chevron Corporation (United States), British Petroleum (United Kingdom), ExxonMobil (United States), Marathon Petroleum Corporation (United States), Valero Energy Corporation (United States), Reliance Industries (India) and Royal Dutch Shell (Netherlands). Additionally, following companies can also be profiled that are part of our coverage like Trammo, Inc. (United States), HPCL – Mittal Energy Limited (India), Conco Philips (United States) and Indian Oil Corporation Limited (India). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Petroleum Coke market by 2028. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Petroleum Coke market.
Latest Market Insights:
On 5th February 2019, Ruia-owned Essar Oil UK group of companies has acquired BP’s 11.5 percent equity in United Kingdom Oil Pipeline (UKOP) and 100 percent interest in Northampton Terminal.
What Can be Explored with the Petroleum Coke Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Petroleum Coke Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Petroleum Coke
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Petroleum Coke market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Petroleum Coke market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Raw Material Suppliers and Distributors, Commercial Research & Development (R&D) Institutions, Associations and Industrial Bodies, Traders, Exporters and Importers, Government Regulatory Bodies, Government and Private Research Institutes and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.