Global Petroleum Coke Market: Industry Analysis and Forecast (2021-2027) by Type, Application, and Region

By 2027, the Global Petroleum Coke market is expected to reach US $35.80 billion, thanks to growth in the Type, and Application segment. The report analyzes market dynamics by region and end-user industries.

Global Petroleum Coke Market Overview:

The global petroleum coke market was valued at US $23.04 Bn. in 2019, and it is expected to reach US $35.80 Bn. by 2027 with a CAGR of 7.62% during the forecast period. 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. Global Petroleum Coke Market To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2015 to forecast the market through 2027. 2019 is considered a base year however 2020's numbers are on the real output of the companies in the market. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

COVID–19 Influence on Global 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.

Global 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.

Global Petroleum Coke Market Segment Analysis:

Based on Type, the global petroleum coke market is segmented into two types as follows fuel grade coke, and calcined coke. In 2019, 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. Global Petroleum Coke MarketBased on Application, the global petroleum coke market is segmented into four types as follows, power plants, aluminum & steel industry, cement industry, and others. In 2019, 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.

Global Petroleum Coke Market Regional Insights:

In 2019, 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.

Global Petroleum Coke Market Scope: Inquire before buying

Global Petroleum Coke Market

Global Petroleum Coke Market, by Region

• North America • Europe • Asia Pacific • The Middle East and Africa • South America

Global Petroleum Coke Market Key Players

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 • Others

Frequently Asked Questions:

1. What is the forecast period considered for the Petroleum Coke market report? Ans. The considered forecast period for the petroleum coke market is 2021-2027. 2. Which key factors are hindering the growth of the Petroleum Coke market? Ans. The health and environmental hazards about the use of petroleum coke are the key factors expected to hinder the growth of the market during the forecast period. 3. What is the compound annual growth rate (CAGR) of the Petroleum Coke market for the next 6 years? Ans. The global petroleum coke market is expected to grow at a CAGR of 7.62% during the forecast period (2021-2027). 4. What are the key factors driving the growth of the Petroleum Coke market? Ans. The rising energy demand globally is the key factor expected to drive the growth of the petroleum coke market during the forecast period. 5. Which are the worldwide major key players covered for the Petroleum Coke market report? Ans. 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, Aluminium 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.
1.Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Petroleum Coke Market Size, by Market Value (US $Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Petroleum Coke Market 3.4. Geographical Snapshot of the Petroleum Coke Market, By Manufacturer share 4. Global Petroleum Coke Market Overview, 2019-2027 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porter Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the COVID-19 Pandemic on the Global Petroleum Coke Market 5. Supply Side and Demand Side Indicators 6. Global Petroleum Coke Market Analysis and Forecast, 2019-2027 6.1. Global Petroleum Coke Products Market Size & Y-o-Y Growth Analysis. 7. Global Petroleum Coke Market Analysis and Forecasts, 2019-2027 7.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 7.1.1. Fuel grade coke 7.1.2. Calcined coke 7.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 7.2.1. Power plants 7.2.2. Aluminum & Steel industry 7.2.3. Cement industry 7.2.4. Others 8. Global Petroleum Coke Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2019-2027 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Petroleum Coke Market Analysis and Forecasts, 2019-2027 9.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 9.1.1. Fuel grade coke 9.1.2. Calcined coke 9.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 9.2.1. Power plants 9.2.2. Aluminum & Steel industry 9.2.3. Cement industry 9.2.4. Others 10. North America Petroleum Coke Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2019-2027 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Petroleum Coke Market Analysis and Forecasts, 2019-2027 11.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 11.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 12. Canada Petroleum Coke Market Analysis and Forecasts, 2019-2027 12.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 12.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 13. Mexico Petroleum Coke Market Analysis and Forecasts, 2019-2027 13.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 13.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 14. Europe Petroleum Coke Market Analysis and Forecasts, 2019-2027 14.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 14.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 15. Europe Petroleum Coke Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2019-2027 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Petroleum Coke Market Analysis and Forecasts, 2019-2027 16.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 16.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 17. France Petroleum Coke Market Analysis and Forecasts, 2019-2027 17.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 17.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 18. Germany Petroleum Coke Market Analysis and Forecasts, 2019-2027 18.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 18.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 19. Italy Petroleum Coke Market Analysis and Forecasts, 2019-2027 19.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 19.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 20. Spain Petroleum Coke Market Analysis and Forecasts, 2019-2027 20.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 20.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 21. Sweden Petroleum Coke Market Analysis and Forecasts, 2019-2027 21.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 21.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 22. CIS Countries Petroleum Coke Market Analysis and Forecasts, 2019-2027 22.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 22.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 23. Rest of Europe Petroleum Coke Market Analysis and Forecasts, 2019-2027 23.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 23.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 24. Asia Pacific Petroleum Coke Market Analysis and Forecasts, 2019-2027 24.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 24.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 25. Asia Pacific Petroleum Coke Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2019-2027 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Petroleum Coke Market Analysis and Forecasts, 2019-2027 26.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 26.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 27. India Petroleum Coke Market Analysis and Forecasts, 2019-2027 27.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 27.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 28. Japan Petroleum Coke Market Analysis and Forecasts, 2019-2027 28.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 28.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 29. South Korea Petroleum Coke Market Analysis and Forecasts, 2019-2027 29.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 29.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 30. Australia Fungicide Market Analysis and Forecasts, 2019-2027 30.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 30.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 31. ASEAN Petroleum Coke Market Analysis and Forecasts, 2019-2027 31.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 31.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 32. Rest of Asia Pacific Petroleum Coke Market Analysis and Forecasts, 2019-2027 32.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 32.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 33. Middle East Africa Petroleum Coke Market Analysis and Forecasts, 2019-2027 33.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 33.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 34. Middle East Africa Petroleum Coke Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2019-2027 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Petroleum Coke Market Analysis and Forecasts, 2019-2027 35.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 35.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 36. GCC Countries Petroleum Coke Market Analysis and Forecasts, 2019-2027 36.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 36.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 37. Egypt Petroleum Coke Market Analysis and Forecasts, 2019-2027 37.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 37.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 38. Nigeria Petroleum Coke Market Analysis and Forecasts, 2019-2027 38.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 38.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 39. Rest of ME&A Petroleum Coke Market Analysis and Forecasts, 2019-2027 39.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 39.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 40. South America Petroleum Coke Market Analysis and Forecasts, 2019-2027 40.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 40.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 41. South America Petroleum Coke Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2019-2027 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Petroleum Coke Market Analysis and Forecasts, 2019-2027 42.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 42.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 43. Argentina Petroleum Coke Market Analysis and Forecasts, 2019-2027 43.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 43.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 44. Rest of South America Petroleum Coke Market Analysis and Forecasts, 2019-2027 44.1. Market Size (Value) Estimates & Forecast By Type, 2019-2027 44.2. Market Size (Value) Estimates & Forecast By Application, 2019-2027 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Petroleum Coke Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Application, and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment, and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures, and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. China National Offshore Oil Corporation 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Essar Oil Corporation 45.3.3. Indian Oil Corporation Limited 45.3.4. Mitsubishi Corporation 45.3.5. Sinopec 45.3.6. British Petroleum 45.3.7. Nippon Coke and Engineering 45.3.8. Shell Petroleum 45.3.9. Atha Group 45.3.10. Aluminum Bahrain 45.3.11. Carbograf 45.3.12. Saudi Aramco 45.3.13. Asbury Carbons 45.3.14. ConocoPhillips 45.3.15. Minmat Ferro Alloys 45.3.16. Aminco Resource 45.3.17. Reliance Industries 45.3.18. China National Petroleum Corporation 45.3.19. Rain CII 45.3.20. MPC 45.3.21. Luqing Petrochemicals 45.3.22. Shaanxi Coal and Chemicals 45.3.23. Ferrolux 45.3.24. ExxonMobil 45.3.25. Landbridge Group 45.3.26. Valero Energy 45.3.27. Sumitomo Chemicals 45.3.28. Others 46. Primary Key Insights

About This Report

Report ID 117548
Category Material & Chemical
Published Date Aug 2021
Updated Date
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