Petroleum Coke Market Scope
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.
The market study is being classified by Type (Fuel Grade [Shot Coke, Sponge Coke] and Calcined Coke), by Application (Aluminum & Other Metals, Cement, Storage, Steel, Power and Others) and major geographies with country level break-up. According to AMA, the Global Petroleum Coke market is expected to see growth rate of 7.6%
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Petroleum Coke market throughout the predicted period.
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) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Trammo, Inc. (United States), HPCL – Mittal Energy Limited (India), Conco Philips (United States) and Indian Oil Corporation Limited (India).
AdvanceMarketAnalytics has segmented the market of Global Petroleum Coke market by Type, Application and Region. On the basis of Type, Fuel Grade are dominating the market in the year 2018
On the basis of geography, the market of Petroleum Coke has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Petroleum Coke market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
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.
- Growing Demand Due To Increasing Application Of Needle Calcined Coke In Battery Electrodes
- High Demand In Cement And Construction Industry
- Evolution in Supply of Heavy Oils across the World
- Upsurge in Steel Owing To Development
- Huge Opportunities Due To The Advancement In Technology That Increased The Oil Production
- Rising Concern about High Content
- Highly Unstable Fuel Costs
- Stringent Environmental Regulations towards the Use of Petroleum Coke
Key Target AudienceRaw 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
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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