About Petroleum Coke
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.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.6% |
Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Petroleum Coke market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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 that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Trammo, Inc. (United States), HPCL – Mittal Energy Limited (India), Conco Philips (United States) and Indian Oil Corporation Limited (India).
Segmentation Overview
AMA Research has segmented the market of Global Petroleum Coke market by Type (Fuel Grade [Shot Coke, Sponge Coke] and Calcined Coke), Application (Aluminum & Other Metals, Cement, Storage, Steel, Power and Others) and Region.
On the basis of Type, Fuel Grade are dominating the market in the year 2023On 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, Turkey), 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.
Influencing Trend:
Growing Demand Due To Increasing Application Of Needle Calcined Coke In Battery Electrodes and High Demand In Cement And Construction Industry
Market Growth Drivers:
Evolution in Supply of Heavy Oils across the World and Upsurge in Steel Owing To Development
Challenges:
Stringent Environmental Regulations towards the Use of Petroleum Coke
Restraints:
Rising Concern about High Content and Highly Unstable Fuel Costs
Opportunities:
Huge Opportunities Due To The Advancement In Technology That Increased The Oil Production
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.
Key Target Audience
Raw 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
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.