According to the latest report by IMARC Group, titled “Petroleum Coke Market Size : Global Industry Trends, Size, Growth, Opportunity and Forecast 2021-2026,” the global petroleum coke market reached a value of US$ 25 Billion in 2020 and expects the market to grow at a CAGR of 7.8% during 2021-2026.
Petroleum coke refers to a refining by-product that is obtained during crude oil refining and other cracking processes. Numerous grades of petroleum coke can be derived that vary depending upon the quality of the raw material as well as the coking time length and operation temperature. It is a carbon-rich material that is extensively utilized as a fuel with low ash content, high calorific value and high-power output value. It offers exceptional chemical stability and is cost-efficient in nature. As a result, it is widely employed for a vast array of application segments, including the production of metals, cement, anodes, paints, electrodes, fertilizers and bricks, across multiple industry verticals.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Petroleum Coke Market Trends:
The market is primarily driven by the increasing energy demand from across the globe, especially from emerging economies. The continual depletion of conventional energy sources and the rising demand for alternate fuels with high energy output are creating a positive outlook for the market. Since petroleum coke also possesses high fuel stability and lesser risks of combustion during transportation at affordable rates, it is gaining widespread prominence as a key substitute for coal across diverse industries. Supported by rapid industrialization, this is providing a significant thrust to the market growth. The market is further driven by the increasing applications of the material across the construction sector, facilitated by continual infrastructural developments on the global level. Furthermore, the growing adoption of green fuel-grade petroleum coke that is manufactured by processing liquid fractions in delayed coking units (UCR) is acting as a major growth-inducing factor. These product variants contain lower sulfur content while offering higher ductility and resistance to corrosion. Some of the other factors contributing to the market growth include the increasing investments to expand refining capacities and the implementation of numerous stringent regulations to minimize carbon footprint.
Request Free Sample Report: https://www.imarcgroup.com/petroleum-coke-market/requestsample
Global Petroleum Coke Market 2021-2026 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
BP Plc, Chevron Corporation, ConocoPhillips, Exxon Mobil Corporation, HPCL – Mittal Energy Limited, Indian Oil Corporation Ltd., Marathon Petroleum Corporation, Royal Dutch Shell Plc, Saudi Arabian Oil Co., Trammo Inc. and Valero Energy Corporation.
The report has segmented the market on the basis on region, type and application.
Breakup by Type:
If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800Veterinary Diagnostics Market:
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
Petroleum coke refers to a refining by-product that is obtained during crude oil refining and other cracking processes. Numerous grades of petroleum coke can be derived that vary depending upon the quality of the raw material as well as the coking time length and operation temperature. It is a carbon-rich material that is extensively utilized as a fuel with low ash content, high calorific value and high-power output value. It offers exceptional chemical stability and is cost-efficient in nature. As a result, it is widely employed for a vast array of application segments, including the production of metals, cement, anodes, paints, electrodes, fertilizers and bricks, across multiple industry verticals.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Petroleum Coke Market Trends:
The market is primarily driven by the increasing energy demand from across the globe, especially from emerging economies. The continual depletion of conventional energy sources and the rising demand for alternate fuels with high energy output are creating a positive outlook for the market. Since petroleum coke also possesses high fuel stability and lesser risks of combustion during transportation at affordable rates, it is gaining widespread prominence as a key substitute for coal across diverse industries. Supported by rapid industrialization, this is providing a significant thrust to the market growth. The market is further driven by the increasing applications of the material across the construction sector, facilitated by continual infrastructural developments on the global level. Furthermore, the growing adoption of green fuel-grade petroleum coke that is manufactured by processing liquid fractions in delayed coking units (UCR) is acting as a major growth-inducing factor. These product variants contain lower sulfur content while offering higher ductility and resistance to corrosion. Some of the other factors contributing to the market growth include the increasing investments to expand refining capacities and the implementation of numerous stringent regulations to minimize carbon footprint.
Request Free Sample Report: https://www.imarcgroup.com/petroleum-coke-market/requestsample
Global Petroleum Coke Market 2021-2026 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
BP Plc, Chevron Corporation, ConocoPhillips, Exxon Mobil Corporation, HPCL – Mittal Energy Limited, Indian Oil Corporation Ltd., Marathon Petroleum Corporation, Royal Dutch Shell Plc, Saudi Arabian Oil Co., Trammo Inc. and Valero Energy Corporation.
The report has segmented the market on the basis on region, type and application.
Breakup by Type:
- Fuel Grade Coke
- Calcined Coke
- Power Plants
- Cement Kilns
- Steel
- Aluminium
- Fertilizer
- Others
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800Veterinary Diagnostics Market:
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
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