Petroleum Coke Market
Petroleum Coke Market Analysis By Grade (Fuel Grade Coke & Calcined Coke) By Application (Calcining, Power Plants, Cement Kilns & Blast Furnaces) & By Region – Global Market Insights 2022 to 2032
Analysis of Petroleum Coke market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Petroleum Coke Market Outlook (2022 to 2032)
Global petroleum coke market size is set to reach US$ 25.27 billion in 2022 and further expand at a CAGR of 9.6%, to reach a valuation of US$ 63.10 billion by the end of 2032.
Petroleum coke is the final solid product of oil refining, and it occurs in two varieties: fuel grade petroleum coke and calcined grade petroleum coke. In addition to gasoline, diesel, and jet fuel, a barrel of crude oil yields a range of products.
Petroleum coke is used in several industries, including energy production, construction, aluminium and other metals, and so on. Around 80% of global petroleum coke production is 'fuel grade petroleum coke', which is utilised in power plants and cement kilns.
Graphite petroleum coke is made in a graphitization furnace at a temperature of around 3000°C. Although graphite petroleum coke can be found naturally, it is mostly made professionally by processing petroleum coke.
| Report Attributes | Details |
|---|---|
| Petroleum Coke Market Size (2021A) | US$ 23.51 Billion |
| Estimated Market Value (2022E) | US$ 25.27 Billion |
| Forecasted Market Value (2032F) | US$ 63.10 Billion |
| Global Market Growth Rate (2022 to 2032) | 9.6% CAGR |
| North America Market Share (2022) | 32.3% |
| North America Growth Rate (2022 to 2032) | 10.6% CAGR |
| U.S. Market Growth Rate (2022 to 2032) | 10.7% CAGR |
| Key Companies Profiled | BP Plc; Chevron Corporation; Essar Oil Ltd.; ExxonMobil Corporation; HPCL - Mittal Energy Limited; Indian Oil Corporation Limited; Reliance Industries Limited; Royal Dutch Shell Plc; Saudi Arabian Oil Co.; Valero Energy Corporation |
Graphitized petroleum coke is widely utilized in the steel business as a fuel, in the precision casting industry as a reduction inoculant, in the metallurgy sector as a refractory material, and in various other fields.
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Global Petroleum Coke Market Overview (2017 to 2021) Vs. Forecast Outlook (2022 to 2032)
A carbonaceous solid substance or raw petroleum coke is generated from oil refinery coker units or other cracking processes. This coke can be either anode grade/low sulphur petroleum coke (low in sulphur and metals) or fuel grade (rich in sulphur and metals). Green coke is the raw petroleum coke that comes straight out of the coker.
Global petroleum coke sales were valued at around US$ 17.25 billion at the end of 2017. The market expanded at a CAGR of 8% and reached a valuation of US$ 23.51 billion at the end of 2021.
- In July 2019, Arabian Cement Company (ACC) declared that it had signed a contract with the Egyptian Refining Company to provide local petroleum coke in volume tonnes starting in July 2019. The purpose of this agreement was to lower petcoke production costs.
Owing to refinery production restrictions and dropping gasoline and jet fuel use due to the coronavirus pandemic, some refineries had restricted their supply of petroleum coke. Because of this, petroleum coke suppliers faced tremendous losses.
However, now pet-coke distribution and supply agreements are a prominent trend in the industry, and this is expected to act as a catalyst for market growth.
Cocaine laced with needles is known as acicular cocaine. It's a highly crystalline petroleum coke used in the aluminum and steel industries to make needle coke electrodes.
Electrodes for needle coke are valuable since they must be replaced regularly, this boosts sales growth of the petroleum needle coke market.
The global petroleum coke market is anticipated to progress at a CAGR of 9.6% to reach US$ 63.10 billion by 2032. The Petroleum coke market size will be driven by rapid industrialization and rising demand for aluminium smelter anodes for manufacturing purposes.
Will Global Exports of Petroleum Coke Keep Rising?
“Increased Exports & High Demand from Cement & Power Generation Industries”
The petroleum coke market is primarily driven by rising demand from the cement and power generation industries. Cement and power generation industries both employ fuel grade petroleum coke.
Rising cement and power generation industries in developing nations such as China and India are also helping to boost petroleum coke demand. Furthermore, increased exports of petroleum coke are boosting the market growth.
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Which Sectors are Driving Sales Growth of Petroleum Coke Market?
“Use of Petcoke in Various Sectors Due to Numerous Benefits”
The petroleum coke market is expected to develop due to the changing trend of employing petcoke in medicinal, electrical components, and ceramics applications due to its numerous benefits.
Petcoke is anti-corrosion, lightweight, and ductile, as well as having excellent electrical and thermal conductivity. Furthermore, the increasing rise of the electronic industry is expected to boost the market for petcoke.
Which Factors Can Negatively Affect Sales of Petroleum Coke?
“'Negative Environmental & Health Impacts of Petcoke”
Because of its high sulphur content, which has negative consequences for both aquatic and terrestrial habitats, the government has implemented several rigorous regulations to limit the use of petcoke. The misuse of petcoke can affect the natural environment, which may result in hazardous effects.
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Which Regional Markets Generate High Revenue for Petroleum Coke Suppliers?
“High Exports of Petroleum Coke from North Americas Market”
The North America petroleum coke market is expected to hold a dominant position in the global landscape. With the largest export of petroleum coke, North America is expected to account for 32.3% of the global market share, in 2022.
Expanding at a CAGR of 8.5%, the Asia Pacific petroleum coke market is projected to increase from a valuation of US$ 7.35 billion in 2022 to US$ 16.85 billion by 2032.
New market opportunities are expected to emerge soon as the Asia Pacific region's infrastructure develops. As a result, the construction sector in the Asia Pacific region is likely to drive petcoke market expansion.
Major businesses' increased investment in improving crude oil production capacity is projected to provide lucrative prospects.
In 2022, Europe is expected to account for 24.8% of the global market share. Due to the rising demand for petroleum coke in the region, Europe is expected to be a significant importer of petcoke. Because of its timely and easy availability, petroleum coke is viewed as a better alternative to natural gas and coal.
The market in Latin America and the MEA region is expected to expand at a slighter lower rate than other regions, but this trend is expected to change over the forecast period. In 2022, Latin America and MEA are likely to hold 8.2% and 5.5% of the global petroleum coke market share.
Country-wise Analysis
How is Demand for Petroleum Coke Evolving in China & India?
“High Consumption from Power Plants & Cement Industry”
The Asia Pacific petcoke market is likely to gain a lot of traction in the coming years, due to the spectacular development in China and India's market growth.
Petroleum coke is anticipated to play a big part in India's cement industry. China's power plants are expected to employ a large share of petroleum coke to generate electricity.
In 2022, China and India are expected to account for 30.4% and 22.1% of the Asia Pacific market share, respectively.
The increase in population and aggressive modernization in these countries is projected to boost the prospects of petroleum coke suppliers.
Which Factors are Assisting Petroleum Coke Market Growth in the U.S.?
“High Production of Petroleum Coke in the United States”
Currently, the United States is expected to hold a strong presence in the export of petroleum coke. In 2022, the U.S. is likely to hold 95.3% of the North America market share.
Low petcoke production cost is anticipated to be a major USP for its acquisition, as it allows for the production of a large amount of power at a low cost. Apart from that, a small amount of petroleum coke can generate a big amount of heat.
Category-wise Analysis
Which Petroleum Coke Application Accounts for High Revenue Generation?
“High Demand from Power & Cement Kiln Industries”
The global petroleum coke market can be divided into two categories: fuel grade coke and calcined coke (green coke). Calcined petroleum coke is a dark-coloured solid made up mostly of carbon, sulphur, metals, and nonvolatile inorganic chemicals.
According to research, the aluminium industry is a major purchaser of calcined coke. By 2032, it might account for 75% to 80% of the global demand for calcined coke. Steel, paper, paint, and chemical industries are expected to secure the remaining percentage of calcined coke demand.
In these industries, calcined coke could be used to produce titanium dioxide pigments. Calcined coke is also widely used in the fertiliser, glass, brick, and colourings industries. Because of the increasing crude oil supply around the world, the worldwide calcined petroleum coke market is rapidly expanding.
On the other hand, fuel grade petroleum coke is expected to play a significant role in the power and cement kiln industries. Because of its capacity to combine with typical coal-fired boilers, this type of petroleum coke may be in high demand.
The total substitution of steam coal by technologically advanced boiler designs is predicted to benefit fuel grade petroleum coke. Currently, fuel grade coke is predicted to account for 84.6% of the global market share.
Competitive Landscape
The petroleum coke market is predicted to increase due to expanding opportunities from several end-use industries. Paints and coatings, steel, fertilisers, and other sectors' growth are projected to generate significant potential for the industry.
Key competitors in the global petcoke market are seeking to expand their production capacity to meet global demand and capture a higher market share.
Key Segments Covered in Petroleum Coke Industry Research
-
By Grade :
- Fuel Grade Coke
- Calcined Coke
-
By Application :
- Calcining
- Power Plants
- Cement Kilns
- Blast Furnaces
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Grade
- 9.1. Fuel Grade Coke
- 9.2. Calcined Grade
- 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Application
- 10.1. Calcining
- 10.2. Power Plants
- 10.3. Cement Kilns
- 10.4. Blast Furnaces
- 11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 13. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 14. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 15. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 16. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 17. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 18. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 19. Key and Emerging Countries Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. BP Plc
- 21.2. Chevron Corporation
- 21.3. Essar Oil Ltd.
- 21.4. ExxonMobil Corporation
- 21.5. HPCL - Mittal Energy Limited
- 21.6. Indian Oil Corporation Limited
- 21.7. Reliance Industries Limited
- 21.8. Royal Dutch Shell Plc
- 21.9. Saudi Arabian Oil Co.
- 21.10. Valero Energy Corporation
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2017 to 2032, By Product Type
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Grade
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Grade
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 08: Latin America Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Grade
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 11: Europe Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Grade
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 14: South Asia Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Grade
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 17: East Asia Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Grade
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 20: Oceania Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Grade
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Grade
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Application
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2017 to 2021
Figure 02: Global Market Volume Forecast (in 000' Units), 2022 to 2032
Figure 03: Pricing Analysis (US$) Per Product Type, By Region, 2021
Figure 04: Pricing Analysis (US$) Per Product Type, By Region, 2021
Figure 05: Global Market Value Analysis (US$ Mn), 2017 to 2021
Figure 06: Global Market Value Forecast (US$ Mn), 2022 to 2032
Figure 07: Global Market Absolute $ Opportunity, 2022 to 2032
Figure 08: Global Market Share Analysis (%), By Product Type, 2022 to 2032
Figure 09: Global Market Y-o-Y Analysis (%), By Product Type, 2022 to 2032
Figure 10: Global Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 11: Global Market Share Analysis (%), By Application, 2022 to 2032
Figure 12: Global Market Y-o-Y Analysis (%), By Application, 2022 to 2032
Figure 13: Global Market Attractiveness Analysis by Application, 2022 to 2032
Figure 14: Global Market Share Analysis (%), By Region, 2022 to 2032
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2022 to 2032
Figure 16: Global Market Attractiveness Analysis by Region, 2022 to 2032
Figure 17: North America Market Value Share, By Product Type, 2022 (E)
Figure 18: North America Market Value Share, By Application, 2022 (E)
Figure 19: North America Market Value Share, By Country, 2022 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2017 to 2021
Figure 21: North America Market Value Forecast (US$ Mn), 2022 to 2032
Figure 22: North America Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 23: North America Market Attractiveness Analysis by Application, 2022 to 2032
Figure 24: North America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 25: Latin America Market Value Share, By Product Type, 2022 (E)
Figure 26: Latin America Market Value Share, By Application, 2022 (E)
Figure 27: Latin America Market Value Share, By Country, 2022 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2017 to 2021
Figure 29: Latin America Market Value Forecast (US$ Mn), 2022 to 2032
Figure 30: Latin America Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 31: Latin America Market Attractiveness Analysis by Application, 2022 to 2032
Figure 32: Latin America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 33: Europe Market Value Share, By Product Type, 2022 (E)
Figure 34: Europe Market Value Share, By Application, 2022 (E)
Figure 35: Europe Market Value Share, By Country, 2022 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2017 to 2021
Figure 37: Europe Market Value Forecast (US$ Mn), 2022 to 2032
Figure 38: Europe Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 39: Europe Market Attractiveness Analysis by Application, 2022 to 2032
Figure 40: Europe Market Attractiveness Analysis by Country, 2022 to 2032
Figure 41: South Asia Market Value Share, By Product Type, 2022 (E)
Figure 42: South Asia Market Value Share, By Application, 2022 (E)
Figure 43: South Asia Market Value Share, By Country, 2022 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2017 to 2021
Figure 45: South Asia Market Value Forecast (US$ Mn), 2022 to 2032
Figure 46: South Asia Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 47: South Asia Market Attractiveness Analysis by Application, 2022 to 2032
Figure 48: South Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 49: East Asia Market Value Share, By Product Type, 2022 (E)
Figure 50: East Asia Market Value Share, By Application, 2022 (E)
Figure 51: East Asia Market Value Share, By Country, 2022 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2017 to 2021
Figure 53: East Asia Market Value Forecast (US$ Mn), 2022 to 2032
Figure 54: East Asia Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 55: East Asia Market Attractiveness Analysis by Application, 2022 to 2032
Figure 56: East Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 57: Oceania Market Value Share, By Product Type, 2022 (E)
Figure 58: Oceania Market Value Share, By Application, 2022 (E)
Figure 59: Oceania Market Value Share, By Country, 2022 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2017 to 2021
Figure 61: Oceania Market Value Forecast (US$ Mn), 2022 to 2032
Figure 62: Oceania Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 63: Oceania Market Attractiveness Analysis by Application, 2022 to 2032
Figure 64: Oceania Market Attractiveness Analysis by Country, 2022 to 2032
Figure 65: Middle East and Africa Market Value Share, By Product Type, 2022 (E)
Figure 66: Middle East and Africa Market Value Share, By Application, 2022 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2022 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2017 to 2021
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2022 to 2032
Figure 70: Middle East and Africa Market Attractiveness Analysis by Product Type, 2022 to 2032
Figure 71: Middle East and Africa Market Attractiveness Analysis by Application, 2022 to 2032
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2022 to 2032
Figure 73: U. S. Market Value Analysis (US$ Mn), 2022 & 2032
Figure 74: U. S. Market Value Share, By Product Type, 2022 (E)
Figure 75: U. S. Market Value Share, By Application, 2022 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2022 & 2032
Figure 77: Canada Market Value Share, By Product Type, 2022 (E)
Figure 78: Canada Market Value Share, By Application, 2022 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2022 & 2032
Figure 80: Mexico Market Value Share, By Product Type, 2022 (E)
Figure 81: Mexico Market Value Share, By Application, 2022 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2022 & 2032
Figure 83: Brazil Market Value Share, By Product Type, 2022 (E)
Figure 84: Brazil Market Value Share, By Application, 2022 (E)
Figure 85: U. K. Market Value Analysis (US$ Mn), 2022 & 2032
Figure 86: U. K. Market Value Share, By Product Type, 2022 (E)
Figure 87: U. K. Market Value Share, By Application, 2022 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2022 & 2032
Figure 89: Germany Market Value Share, By Product Type, 2022 (E)
Figure 90: Germany Market Value Share, By Application, 2022 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2022 & 2032
Figure 92: France Market Value Share, By Product Type, 2022 (E)
Figure 93: France Market Value Share, By Application, 2022 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2022 & 2032
Figure 95: Italy Market Value Share, By Product Type, 2022 (E)
Figure 96: Italy Market Value Share, By Application, 2022 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2022 & 2032
Figure 98: Spain Market Value Share, By Product Type, 2022 (E)
Figure 99: Spain Market Value Share, By Application, 2022 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2022 & 2032
Figure 101: Russia Market Value Share, By Product Type, 2022 (E)
Figure 102: Russia Market Value Share, By Application, 2022 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2022 & 2032
Figure 104: China Market Value Share, By Product Type, 2022 (E)
Figure 105: China Market Value Share, By Application, 2022 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2022 & 2032
Figure 107: Japan Market Value Share, By Product Type, 2022 (E)
Figure 108: Japan Market Value Share, By Application, 2022 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2022 & 2032
Figure 110: South Korea Market Value Share, By Product Type, 2022 (E)
Figure 111: South Korea Market Value Share, By Application, 2022 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2022 & 2032
Figure 113: India Market Value Share, By Product Type, 2022 (E)
Figure 114: India Market Value Share, By Application, 2022 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2022 & 2032
Figure 116: ASEAN Market Value Share, By Product Type, 2022 (E)
Figure 117: ASEAN Market Value Share, By Application, 2022 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2022 & 2032
Figure 119: Australia Market Value Share, By Product Type, 2022 (E)
Figure 120: Australia Market Value Share, By Application, 2022 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2022 & 2032
Figure 122: New Zealand Market Value Share, By Product Type, 2022 (E)
Figure 123: New Zealand Market Value Share, By Application, 2022 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2022 & 2032
Figure 125: GCC Countries Market Value Share, By Product Type, 2022 (E)
Figure 126: GCC Countries Market Value Share, By Application, 2022 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2022 & 2032
Figure 128: Turkey Market Value Share, By Product Type, 2022 (E)
Figure 129: Turkey Market Value Share, By Application, 2022 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2022 & 2032
Figure 131: South Africa Market Value Share, By Product Type, 2022 (E)
Figure 132: South Africa Market Value Share, By Application, 2022 (E)
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Competitive landscape highlights only certain players
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- FAQs -
What are the main reasons driving demand growth of petroleum coke?
Petroleum coke market predicted to rise as heavy oil supply increases around the world and cement and power generating industries flourish.
What will the market value of petroleum coke reach by 2032?
Market value of global petroleum coke market projected to reach US$ 63.10 billion by 2032.
Which established players are involved in the global petroleum coke market?
BP Plc, Chevron Corporation, Essar Oil Ltd., ExxonMobil Corporation, HPCL - Mittal Energy Limited, Indian Oil Corporation Limited, Reliance Industries Limited, Royal Dutch Shell Plc, Saudi Arabian Oil Co., and Valero Energy Corporation are key market play
What are the key factors boosting petroleum coke market growth?
Increase in steel production and rising highway building, auto, and transportation industries are driving demand growth.
What is the forecasted growth rate for the petroleum coke market?
Global sales of petroleum coke are expected to increase at 9.6% CAGR through 2032.
Which are the most lucrative regional market for petroleum coke manufacturers?
North America and Asia Pacific predicted to be most profitable regions for petroleum coke suppliers.
Petroleum Coke Market