Petroleum coke is also known as petcoke, and it is the final solid product obtained from oil refining. It is available in two forms: fuel grade and calcined grade. The power generation, construction, and metal industries are some of the major end users of petroleum coke. It is also used in the production of titanium and fertilizers.
Market Dynamics
Various companies are constructing new facilities for the coke gasification project in order to serve the end users. This is expected to be a major trend in the market. For instance, on June 30, 2021, the Indian Oil Board approved "Stage - 1" consent for the execution of India's first-ever "Styrene Monomer Project" at Indian Oil's Panipat Refinery & Petrochemical Complex, with a capacity of 387 thousand metric tonnes per annum (TMTPA) and an estimated cost of US$ 60.0982. This initiative will support the government of India's "Atmanirbhar Bharat" objectives by strengthening India's focus on capturing opportunities in the petrochemical industry. Increasing production of aluminum is the driving demand for calcined petcoke. Calcined grade is one of the key ingredients used in the manufacturing of aluminum. According to the statistics by International Aluminum institute, the total primary aluminum production for May 2023 is 5,851 thousand metric tonnes. Several countries have banned the import of petcoke for use as fuel. This is expected to hamper the market growth of the petroleum coke (petcoke) market over the forecast period.
Key features of the study:
- This report provides an in-depth analysis of the petroleum coke (petcoke) market and provides market size (US$ Billion and KT) and Compound Annual Growth Rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
- This study also provides impact analysis of the coronavirus (COVID-19) pandemic on the petroleum coke petcoke market
- It profiles key players in the petroleum coke (petcoke) market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- The key companies covered as a part of this study include 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
- Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, technology upgrade, market expansion, and marketing tactics
- The Petroleum Coke (Petcoke) Market report caters to various stakeholders in this industry including investors, suppliers, petroleum coke (petcoke) manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the petroleum coke (petcoke) market
Detailed Segmentation:
- Global Petroleum Coke (Petcoke) Market, By Product Type:
- Fuel Grade Coke
- Calcined Coke
- Global Petroleum Coke (Petcoke) Market, By End-use:
- Calcining Industry
- Power Plants
- Cement Kilns
- Blast Furnaces
- Others
- Global Petroleum Coke (Petcoke) Market, By Region:
- North America
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East
- Company Profiles
- 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
