PETROLEUM COKE (PETCOKE) MARKET ANALYSIS
The petroleum coke (petcoke) market was valued at US$ 26.87 Billion in 2022, and is expected to exhibit a CAGR of 5.5%, in terms of revenue, over the forecast period (2023-2030) to reach US$ 41.32 Bn by 2030. Petcoke, or petroleum coke, is a solid carbon-rich substance generated from crude oil refining.
Market Trends
The shifting trend of using petcoke in medical, electrical components, and ceramics application due to its various advantages offered is projected to propel the market growth. Petcoke has anti-corrosion property, it is lightweight, highly ductile, and also has excellent electrical& thermal conductivity. Moreover, the rapid growth of electronic industries is also projected to spur the market growth of petcoke.
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