Petroleum Coke Market was valued at US $ 30.89 Bn. in 2023, and it is expected to reach US $ 51.66 Bn. by 2030 with a CAGR of 7.62% during the forecast period.Petroleum Coke Market Overview:
The Petroleum coke, often known as coke or petcoke, is a final carbon-rich solid material derived from oil refining. It is a type of coke that results from a final cracking process—a thermo-based chemical engineering process that divides long-chain petroleum hydrocarbons into shorter chains—that occurs in coker units. Petcoke is composed of carbon; in pure form, petcoke can weigh 98-99% carbon, resulting in a carbon-based compound with hydrogen filling in the gaps. When burned, petcoke contains over 80% carbon and emits 5% to 10% more CO2 (Carbon dioxide) per unit of energy than coal because of its higher energy content.To know about the Research Methodology :- Request Free Sample Report
COVID–19 Influence on Petroleum Coke Market:
The global industrial sector was disrupted as a result of the lockdown measures implemented to stop COVID-19 from spreading. Raw material shortages and labor scarcity were problems for the industry. The production of petroleum coke was hampered. The reduced manufacturing resulted in a supply-demand gap, which hampered the market's growth rate. However, during the post-lockdown period, the shortage is anticipated to be closed as production activities are expected to resume at full capacity. During the early stages of the pandemic, demand from application industries such as aluminum, steel industry, and others decreased significantly. After the pandemic, this demand is expected to recover.Petroleum Coke Market Dynamics:
Rising energy demand is expected to drive the petroleum coke industry. The petroleum coke market is growing thanks to rising global energy demand. Along with its high calorific value, petroleum coke is widely used as an energy source in power plants and many industries such as cement, steel, and others. The rising infrastructure activities and urban growth trends are likely to contribute to industry growth by improving the market for cement and steel. The rapid technical improvements and increased oil production capacity are also driving the global growth of the market. The growing consumption of petroleum coke as a cost-effective fuel in the cement and energy industries is also a key driver for the growth of the petroleum coke market. Health & Environmental hazards. Petroleum coke is usually a source of tiny dust, which can pass through the human airways filtering process, settle in the lungs, and cause major health concerns like asthma, pneumonia, and others. As per EPA (Environmental Protection Agency), Vanadium, a carcinogenic metal, can be found in petroleum coke. It is hazardous in trace amounts (0.8 micrograms per cubic meter of air). The storage and combustion of petcoke raises environmental concerns. As petcoke is processed, by-product accumulates, causing a waste management problem. Externalities are caused by petcoke and may influence the environment. It is 90% elemental carbon by weight, which is transformed to CO2 during combustion. Petcoke use also results in sulphur emissions and the possibility of water pollution related to nickel and vanadium runoff from refining and storage. As a result, these factors are expected to hamper the growth of the market over the forecast period.Segment Analysis:
Based on Type, the global petroleum coke market is segmented into two types as follows fuel grade coke, and calcined coke. In 2023, the fuel grade coke segment was dominant and held xx% of the overall market share. The structure of fuel-grade coke is either sponge coke or shot coke. While oil refineries have been manufacturing coke for more than a century, the mechanisms that enable sponge coke or shot coke to form are not well understood and cannot be predicted precisely. In general, lower temperatures and higher pressures encourage the formation of sponge coke. Though its high heat and low ash content make it an excellent fuel for power generation in coal-fired boilers, petroleum coke is high in Sulphur and low in volatile composition, posing environmental and technical problems during combustion. Calcined petroleum coke (CPC) is a byproduct of petroleum coke calcination. Petroleum coke that has been calcined is used to manufacture anodes for the aluminum, steel, and titanium smelting industries. The calcined coke segment is expected to grow remarkably throughout the forecast period as the application scope of needle calcinated coke in battery electrodes increases. Based on Application, the global petroleum coke market is segmented into four types as follows, power plants, aluminum & steel industry, cement industry, and others. In 2023, the aluminum & steel industry segment was dominant and held xx% of the overall market share in terms of revenue. The factors that can be related to the rising demand for aluminum as a carbon and energy source to provide fuel for the generation of electricity to operate cement kilns. The demand for this segment is expected to be driven by increased demand from the aluminum and steel industries. The key segments, which account for a large portion of the petroleum coke industry, are power plants and the cement industry. Petroleum coke is a low-cost alternative to coal, and it is frequently used as a source of energy in a variety of industries. The rising demand for cement and the development of the construction industry is expected to significantly increase demand for petroleum coke over the forecast period.Regional Insights:
In 2023, Asia Pacific was dominant and held xx% of the overall market share in terms of revenue. In terms of demand, it is anticipated to remain the leading regional market in the near future. Petroleum coke is used extensively in power plants and cement kilns in emerging economies like India and China. The majority of petroleum coke used in power plants in China is utilized to generate electricity. Based on the country's growing industrialization, India uses a huge amount of the product in the cement industry. In the Asia Pacific, increased population and rapid modernization are expected to raise the hopes of petroleum coke manufacturers. More opportunities are expected to emerge in the Asia Pacific since the region currently dominates the international petroleum coke industry in terms of demand, which is driven by massive imports. Based on the low costs involved with energy production, Europe is expected to have a strong growth rate in the market over the forecast period. For its easy and abundant availability, petroleum coke is becoming a favoured fuel over natural gas and coal. Over the forecast period, rising infrastructure development in the Middle East and Africa is likely to enhance petroleum coke demand in the region. The companies that refine crude oil are establishing delayed coking units to create petroleum coke. The North American market is developed, with an average growth rate of xx% expected over the forecast period. North America has been a major exporter of petroleum coke. The objective of the report is to present a comprehensive analysis of the global petroleum coke market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global petroleum coke market dynamics, structure by analyzing the market segments and project the global petroleum coke market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Petroleum Coke market make the report investor’s guide.Petroleum Coke Market Scope: Inquire before buying
Petroleum Coke Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 30.89 Bn. Forecast Period 2024 to 2030 CAGR: 7.62% Market Size in 2030: US $ 51.66 Bn. Segments Covered: by Type Fuel grade coke Calcined coke by Application Power plants Aluminum & Steel industry Cement industry Others Petroleum Coke Market Key Players
1. China National Offshore Oil Corporation 2. Essar Oil Corporation 3. Indian Oil Corporation Limited 4. Mitsubishi Corporation 5. Sinopec 6. British Petroleum 7. Nippon Coke and Engineering 8. Shell Petroleum 9. Atha Group 10.Aluminum Bahrain 11.Carbograf 12.Saudi Aramco 13.Asbury Carbons 14.ConocoPhillips 15.Minmat Ferro Alloys 16.Aminco Resource 17.Reliance Industries 18.China National Petroleum Corporation 19.Rain CII 20.MPC 21.Luqing Petrochemical 22.Shaanxi Coal and Chemicals 23.Ferrolux 24.ExxonMobil 25.Landbridge Group 26.Valero Energy 27.Sumitomo Chemicals 28.Others Frequently Asked Questions: 1. Which region has the largest share in Global Petroleum Coke Market? Ans: Asia Pacific region held the highest share in 2023. 2. What is the growth rate of Global Petroleum Coke Market? Ans: The Global Petroleum Coke Market is growing at a CAGR of 7.62% during forecasting period 2024-2030 3. What is scope of the Global Petroleum Coke Market report? Ans: Global Petroleum Coke Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Petroleum Coke Market? Ans: The important key players in the Global Petroleum Coke Market are – China National Offshore Oil Corporation, Essar Oil Corporation, Indian Oil Corporation Limited, Mitsubishi Corporation, Sinopec, British Petroleum, Nippon Coke and Engineering, Shell Petroleum, Atha Group, Aluminum Bahrain, Carbograf, Saudi Aramco, Asbury Carbons, ConocoPhillips, Minmat Ferro Alloys, Aminco Resource, Reliance Industries, China National Petroleum Corporation, Rain CII, MPC, Luqing Petrochemical, Shaanxi Coal and Chemicals, Ferrolux, ExxonMobil, Landbridge Group, Valero Energy, Sumitomo Chemicals, and Others 5. What is the study period of this Market? Ans: The Global Petroleum Coke Market is studied from 2023 to 2030.
1. Petroleum Coke Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Petroleum Coke Market: Dynamics 2.1. Petroleum Coke Market Trends by Region 2.1.1. North America Petroleum Coke Market Trends 2.1.2. Europe Petroleum Coke Market Trends 2.1.3. Asia Pacific Petroleum Coke Market Trends 2.1.4. Middle East and Africa Petroleum Coke Market Trends 2.1.5. South America Petroleum Coke Market Trends 2.2. Petroleum Coke Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Petroleum Coke Market Drivers 2.2.1.2. North America Petroleum Coke Market Restraints 2.2.1.3. North America Petroleum Coke Market Opportunities 2.2.1.4. North America Petroleum Coke Market Challenges 2.2.2. Europe 2.2.2.1. Europe Petroleum Coke Market Drivers 2.2.2.2. Europe Petroleum Coke Market Restraints 2.2.2.3. Europe Petroleum Coke Market Opportunities 2.2.2.4. Europe Petroleum Coke Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Petroleum Coke Market Drivers 2.2.3.2. Asia Pacific Petroleum Coke Market Restraints 2.2.3.3. Asia Pacific Petroleum Coke Market Opportunities 2.2.3.4. Asia Pacific Petroleum Coke Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Petroleum Coke Market Drivers 2.2.4.2. Middle East and Africa Petroleum Coke Market Restraints 2.2.4.3. Middle East and Africa Petroleum Coke Market Opportunities 2.2.4.4. Middle East and Africa Petroleum Coke Market Challenges 2.2.5. South America 2.2.5.1. South America Petroleum Coke Market Drivers 2.2.5.2. South America Petroleum Coke Market Restraints 2.2.5.3. South America Petroleum Coke Market Opportunities 2.2.5.4. South America Petroleum Coke Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Petroleum Coke Industry 2.8. Analysis of Government Schemes and Initiatives For Petroleum Coke Industry 2.9. Petroleum Coke Market price trend Analysis (2021-22) 2.10. Petroleum Coke Market Trade Analysis 2.10.1. Global Import Analysis 2.10.1.1. Top Importer of Petroleum Coke 2.10.2. Global Export Analysis 2.10.2.1. Top Exporter of Petroleum Coke 2.11. Petroleum Coke Production Analysis 2.12. The Global Pandemic Impact on Petroleum Coke Market 3. Petroleum Coke Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value and Volume) 2023-2030 3.1. Petroleum Coke Market Size and Forecast, by Type (2023-2030) 3.1.1. Fuel grade coke 3.1.2. Calcined coke 3.2. Petroleum Coke Market Size and Forecast, by Applications (2023-2030) 3.2.1. Power plants 3.2.2. Aluminum & Steel industry 3.2.3. Cement industry 3.2.4. Others 3.3. Petroleum Coke Market Size and Forecast, by Region (2023-2030) 3.3.1. North America 3.3.2. Europe 3.3.3. Asia Pacific 3.3.4. Middle East and Africa 3.3.5. South America 4. North America Petroleum Coke Market Size and Forecast by Segmentation (by Value and Volume) 2023-2030 4.1. North America Petroleum Coke Market Size and Forecast, by Type (2023-2030) 4.1.1. Fuel grade coke 4.1.2. Calcined coke 4.2. North America Petroleum Coke Market Size and Forecast, by Applications (2023-2030) 4.2.1. Power plants 4.2.2. Aluminum & Steel industry 4.2.3. Cement industry 4.2.4. Others 4.3. North America Petroleum Coke Market Size and Forecast, by Country (2023-2030) 4.3.1. United States 4.3.1.1. United States Petroleum Coke Market Size and Forecast, by Type (2023-2030) 4.3.1.1.1. Fuel grade coke 4.3.1.1.2. Calcined coke 4.3.1.2. United States Petroleum Coke Market Size and Forecast, by Applications (2023-2030) 4.3.1.2.1. Power plants 4.3.1.2.2. Aluminum & Steel industry 4.3.1.2.3. Cement industry 4.3.1.2.4. Others 4.3.2. Canada 4.3.2.1. Canada Petroleum Coke Market Size and Forecast, by Type (2023-2030) 4.3.2.1.1. Fuel grade coke 4.3.2.1.2. Calcined coke 4.3.2.2. Canada Petroleum Coke Market Size and Forecast, by Applications (2023-2030) 4.3.2.2.1. Power plants 4.3.2.2.2. Aluminum & Steel industry 4.3.2.2.3. Cement industry 4.3.2.2.4. Others 4.3.3. Mexico 4.3.3.1. Mexico Petroleum Coke Market Size and Forecast, by Type (2023-2030) 4.3.3.1.1. Fuel grade coke 4.3.3.1.2. Calcined coke 4.3.3.2. Mexico Petroleum Coke Market Size and Forecast, by Applications (2023-2030) 4.3.3.2.1. Power plants 4.3.3.2.2. Aluminum & Steel industry 4.3.3.2.3. Cement industry 4.3.3.2.4. Others 5. Europe Petroleum Coke Market Size and Forecast by Segmentation (by Value and Volume) 2023-2030 5.1. Europe Petroleum Coke Market Size and Forecast, by Type (2023-2030) 5.2. Europe Petroleum Coke Market Size and Forecast, by Applications (2023-2030) 5.3. Europe Petroleum Coke Market Size and Forecast, by Country (2023-2030) 5.3.1. United Kingdom 5.3.1.1. United Kingdom Petroleum Coke Market Size and Forecast, by Type (2023-2030) 5.3.1.2. United Kingdom Petroleum Coke Market Size and Forecast, by Applications (2023-2030) 5.3.2. France 5.3.2.1. France Petroleum Coke Market Size and Forecast, by Type (2023-2030) 5.3.2.2. France Petroleum Coke Market Size and Forecast, by Applications (2023-2030) 5.3.3. Germany 5.3.3.1. Germany Petroleum Coke Market Size and Forecast, by Type (2023-2030) 5.3.3.2. Germany Petroleum Coke Market Size and Forecast, by Applications (2023-2030) 5.3.4. Italy 5.3.4.1. Italy Petroleum Coke Market Size and Forecast, by Type (2023-2030) 5.3.4.2. Italy Petroleum Coke Market Size and Forecast, by Applications (2023-2030) 5.3.5. Spain 5.3.5.1. Spain Petroleum Coke Market Size and Forecast, by Type (2023-2030) 5.3.5.2. Spain Petroleum Coke Market Size and Forecast, by Applications (2023-2030) 5.3.6. Sweden 5.3.6.1. Sweden Petroleum Coke Market Size and Forecast, by Type (2023-2030) 5.3.6.2. Sweden Petroleum Coke Market Size and Forecast, by Applications (2023-2030) 5.3.7. Austria 5.3.7.1. Austria Petroleum Coke Market Size and Forecast, by Type (2023-2030) 5.3.7.2. Austria Petroleum Coke Market Size and Forecast, by Applications (2023-2030) 5.3.8. Rest of Europe 5.3.8.1. Rest of Europe Petroleum Coke Market Size and Forecast, by Type (2023-2030) 5.3.8.2. Rest of Europe Petroleum Coke Market Size and Forecast, by Applications (2023-2030) 6. Asia Pacific Petroleum Coke Market Size and Forecast by Segmentation (by Value and Volume) 2023-2030 6.1. Asia Pacific Petroleum Coke Market Size and Forecast, by Type (2023-2030) 6.2. Asia Pacific Petroleum Coke Market Size and Forecast, by Applications (2023-2030) 6.3. Asia Pacific Petroleum Coke Market Size and Forecast, by Country (2023-2030) 6.3.1. China 6.3.1.1. China Petroleum Coke Market Size and Forecast, by Type (2023-2030) 6.3.1.2. China Petroleum Coke Market Size and Forecast, by Applications (2023-2030) 6.3.2. S Korea 6.3.2.1. S Korea Petroleum Coke Market Size and Forecast, by Type (2023-2030) 6.3.2.2. S Korea Petroleum Coke Market Size and Forecast, by Applications (2023-2030) 6.3.3. Japan 6.3.3.1. Japan Petroleum Coke Market Size and Forecast, by Type (2023-2030) 6.3.3.2. Japan Petroleum Coke Market Size and Forecast, by Applications (2023-2030) 6.3.4. India 6.3.4.1. India Petroleum Coke Market Size and Forecast, by Type (2023-2030) 6.3.4.2. India Petroleum Coke Market Size and Forecast, by Applications (2023-2030) 6.3.5. Australia 6.3.5.1. Australia Petroleum Coke Market Size and Forecast, by Type (2023-2030) 6.3.5.2. Australia Petroleum Coke Market Size and Forecast, by Applications (2023-2030) 6.3.6. Indonesia 6.3.6.1. Indonesia Petroleum Coke Market Size and Forecast, by Type (2023-2030) 6.3.6.2. Indonesia Petroleum Coke Market Size and Forecast, by Applications (2023-2030) 6.3.7. Malaysia 6.3.7.1. Malaysia Petroleum Coke Market Size and Forecast, by Type (2023-2030) 6.3.7.2. Malaysia Petroleum Coke Market Size and Forecast, by Applications (2023-2030) 6.3.8. Vietnam 6.3.8.1. Vietnam Petroleum Coke Market Size and Forecast, by Type (2023-2030) 6.3.8.2. Vietnam Petroleum Coke Market Size and Forecast, by Applications (2023-2030) 6.3.9. Taiwan 6.3.9.1. Taiwan Petroleum Coke Market Size and Forecast, by Type (2023-2030) 6.3.9.2. Taiwan Petroleum Coke Market Size and Forecast, by Applications (2023-2030) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Petroleum Coke Market Size and Forecast, by Type (2023-2030) 6.3.10.2. Rest of Asia Pacific Petroleum Coke Market Size and Forecast, by Applications (2023-2030) 7. Middle East and Africa Petroleum Coke Market Size and Forecast by Segmentation (by Value and Volume) 2023-2030 7.1. Middle East and Africa Petroleum Coke Market Size and Forecast, by Type (2023-2030) 7.2. Middle East and Africa Petroleum Coke Market Size and Forecast, by Applications (2023-2030) 7.3. Middle East and Africa Petroleum Coke Market Size and Forecast, by Country (2023-2030) 7.3.1. South Africa 7.3.1.1. South Africa Petroleum Coke Market Size and Forecast, by Type (2023-2030) 7.3.1.2. South Africa Petroleum Coke Market Size and Forecast, by Applications (2023-2030) 7.3.2. GCC 7.3.2.1. GCC Petroleum Coke Market Size and Forecast, by Type (2023-2030) 7.3.2.2. GCC Petroleum Coke Market Size and Forecast, by Applications (2023-2030) 7.3.3. Nigeria 7.3.3.1. Nigeria Petroleum Coke Market Size and Forecast, by Type (2023-2030) 7.3.3.2. Nigeria Petroleum Coke Market Size and Forecast, by Applications (2023-2030) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Petroleum Coke Market Size and Forecast, by Type (2023-2030) 7.3.4.2. Rest of ME&A Petroleum Coke Market Size and Forecast, by Applications (2023-2030) 8. South America Petroleum Coke Market Size and Forecast by Segmentation (by Value and Volume) 2023-2030 8.1. South America Petroleum Coke Market Size and Forecast, by Type (2023-2030) 8.2. South America Petroleum Coke Market Size and Forecast, by Applications (2023-2030) 8.3. South America Petroleum Coke Market Size and Forecast, by Country (2023-2030) 8.3.1. Brazil 8.3.1.1. Brazil Petroleum Coke Market Size and Forecast, by Type (2023-2030) 8.3.1.2. Brazil Petroleum Coke Market Size and Forecast, by Applications (2023-2030) 8.3.2. Argentina 8.3.2.1. Argentina Petroleum Coke Market Size and Forecast, by Type (2023-2030) 8.3.2.2. Argentina Petroleum Coke Market Size and Forecast, by Applications (2023-2030) 8.3.3. Rest Of South America 8.3.3.1. Rest Of South America Petroleum Coke Market Size and Forecast, by Type (2023-2030) 8.3.3.2. Rest Of South America Petroleum Coke Market Size and Forecast, by Applications (2023-2030) 9. Global Petroleum Coke Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2023) 9.3.5. Production of 2023 9.3.6. Company Locations 9.4. Leading Petroleum Coke Market Companies, by market capitalization 9.5. Analysis of Organized and Unorganized Key Players in Petroleum Coke Industry 9.6. Market Structure 9.6.1. Market Leaders 9.6.2. Market Followers 9.6.3. Emerging Players 9.7. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. China National Offshore Oil Corporation 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Essar Oil Corporation 10.3. Indian Oil Corporation Limited 10.4. Mitsubishi Corporation 10.5. Sinopec 10.6. British Petroleum 10.7. Nippon Coke and Engineering 10.8. Shell Petroleum 10.9. Atha Group 10.10. Aluminum Bahrain 10.11. Carbograf 10.12. Saudi Aramco 10.13. Asbury Carbons 10.14. ConocoPhillips 10.15. Minmat Ferro Alloys 10.16. Aminco Resource 10.17. Reliance Industries 10.18. China National Petroleum Corporation 10.19. Rain CII 10.20. MPC 10.21. Luqing Petrochemical 10.22. Shaanxi Coal and Chemicals 10.23. Ferrolux 10.24. ExxonMobil 10.25. Landbridge Group 10.26. Valero Energy 10.27. Sumitomo Chemicals 10.28. Others 11. Key Findings 12. Industry Recommendations 13. Petroleum Coke Market: Research Methodology 14. Terms and Glossary