About Foundry coke
A hard coal coke is also called foundry coke. As it consists of denser structure and high heating value, it melts metals such as copper, lead, zinc, and tin. Additionally, it helps to maintain the required carbon content. The process of making a coke involves high temperature carbonization of coal without an oxygen. This process is classified as by product coke making and non-recovery. Further, the usage of large sized coke provides lower blasting pressure, increased metal temperature and reduced reaction with CO2. These factors are creating a demand for end user industries which is fueling the market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.2% |
The competitive landscape for fortified water and herbal elixirs antioxidant drinks is dynamic and evolving. Players that can successfully innovate, market their products effectively, and adapt to changing consumer trends are likely to be the most successful in the long run. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Foundry coke market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ABC Coke (Drummond) (United States), Walter Energy (United States), Erie Coke (United States), OKK (United States), ArcelorMittal (United States), CARBO-KOKS (Poland), Sloss-Sheffield Steel & Iron Company (United States), Tonawanda Coke Corporation (United States), Nippon Coke and Engineering (Japan) and Walter Energy (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Shandong Coking Group (China), Shanxi Coking Coal Group (China) and Jiangsu Surun Highcarbon (China).
Segmentation Overview
AMA Research has segmented the market of Global Foundry coke market by , Application (Automotive Parts Casting, Machinery Casting and Material Treatment) and Region.
On the basis of geography, the market of Foundry 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), North America (United States, Canada, Mexico). If we see Market by Ash content, the sub-segment i.e. <8% will boost the Foundry coke market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Type of metal smelting, the sub-segment i.e. Iron will boost the Foundry coke market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Process, the sub-segment i.e. By product coke making will boost the Foundry coke market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of Foundry Coke as it does not Pollute the Air and Technological Advancements are Being Made
Market Growth Drivers:
Higher Carbon Content and Better Calorific Value is Fueling the Market Growth and Economical and Cost Effectiveness of Foundry Coal
Challenges:
Lack of Skilled Labour for the Production
Restraints:
Availability of Substitute Products
Opportunities:
Increasing Industrialization in Developing Economies and Usage in Wide Range of Industries is creating an Opportunity
Market Leaders and their expansionary development strategies
In October 2023, Jindal Steel & Power partnered with Tata Steel to explore joint sourcing of raw materials for coke production, potentially impacting the foundry coke market.
In January 2024, Schumag GmbH launched a new series of coke oven charging cars with improved efficiency and automation, potentially impacting production costs and quality of foundry coke.
According to EPA, by product coke making process is proposed under the regulations. This process has been a dominant technology in United States.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
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.