The new report by Expert Market Research titled, ‘Global Calcined Petroleum Coke Market Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the global calcined petroleum coke market, assessing the market based on its segments like types, applications, grades, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Calcined Petroleum Coke Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 3.2%
The rising demand for calcined petroleum coke in the aluminium and steel industry owing to the rapid urbanisation and rising demand for aluminium and steel in the construction projects is driving the market growth. Calcined petroleum coke is a crucial component in the manufacturing of graphite blocks. Hence, the growing demand for graphite blocks in the electronics, metallurgy, and chemical industry is anticipated to fuel the petroleum coke market in the forecast period.
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Moreover, the changing preference of calcined petroleum coke over coal in various end-use industries owing to the higher calorific value of the product is anticipated to be an invigorating factor in the market. Geographically, the Asia Pacific region accounts for a significant share in the market owing to the strong foothold of major end use industries, strong presence of aluminium manufacturers, and increasing demand for steel in multi-housing projects.
Calcined Petroleum Coke Industry Definition and Major Segments
Calcined petroleum coke is a compound which is obtained by heating petroleum coke in temperatures between 1200-to-1350-degree celsius in order to remove access moisture. The remaining hydrocarbons are extracted, and crystalline structure of coke is modified.
Within a few hours, calcined petroleum coke is cooled from 1350 degree Celsius to less than 200 degrees celsius and then transported into vessels. Calcined petroleum coke is a crucial ingredient in the production of aluminium. The use of the product in various industries depends upon the sulphur content it contains.
On the basis of type, the market can be segmented into:
• Needle Coke
• Shot Coke
• Sponge Coke
• Honeycomb Coke
The different applications of the product include:
• Aluminium Industry
• Steel Industry
• Others
By grade, the market has been bifurcated into:
• Anode Grade
• Needle Grade
The regional markets for calcined petroleum coke include:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
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Calcined Petroleum Coke Market Trends
The increasing import of calcined petroleum coke in the emerging economies in order to meet the housing demands of the growing population is anticipated to be the key trend in the market. For instance, according to Chinese Customs Authority Statistics, China recently increased the import of calcined petroleum coke from Kazakhstan.
Meanwhile, the thriving do-it-yourself sector across the continents is anticipated to propel the demand for calcined petroleum coke in the forecast period and is anticipated to be another key trend in the market. The market will further be aided by the increasing application of the product in the manufacturing of anode, which is attributable to the increasing demand for anodes in the development of water heaters, pipelines, and tanks.
Key Market Players
The major players in the Global Calcined Petroleum Coke Market are :
- BP America Inc.
- Elsid S.A.
- Oxbow Corporation
- Maniyar Group of Industries
- Atha Group
- Rain Industries Limited
- Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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