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  • Petroleum Coke (Petcoke) Market: Size, Share, Outlook, Sales Revenue, Demand and Forecast 2022-27

    Mellisa

    January 20, 2023
    Uncategorized

    The latest research study “Petroleum Coke Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” Offers a comprehensive analysis of the industry, which comprises insights on global petroleum coke market report.

    The global petroleum coke market reached a value of US$ 21.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 34.2 Billion by 2027, exhibiting a CAGR of 7.6% during 2022-2027. Petroleum coke is a carbon-rich product obtained from the oil refining process. It is a cost-effective and stable fuel that does not contaminate materials while heating. It is used to generate electricity and mechanical power in various industries while reducing the risk of combustion during transportation. It helps in the manufacturing of aluminum anodes, synthetic graphite, silicon carbide, and electrodes for electrometallurgical industries. It also assists in operating coke ovens to produce industrial coke and foundries for preparing metal castings.

    Besides this, petroleum coke aids in manufacturing steel in the iron and steel industry by converting iron ore to iron and generating heat to melt the ore. It facilitates the brick and glass manufacturing process with minimum ash content while producing ammonia, urea ammonium nitrate, and minerals. Furthermore, as it produces titanium dioxide (TiO2) minerals utilized as a pigment in paints, food colorings, plastic, and sunscreen, the demand for petroleum coke is rising across the globe.

    Download a free sample report to get a detailed overview of the market: https://www.imarcgroup.com/petroleum-coke-market/requestsample

    Global Petroleum Coke Market Industry Trends and Drivers: 

    At present, the escalating demand for petroleum coke in various industry verticals to generate power around the world represents one of the key factors driving the market. Apart from this, there is a considerable rise in the utilization of aluminum in the packaging industry due to its high durability and sustainability. This, coupled with the growing demand for aluminum in the automobile industry, is currently positively influencing the market. In addition, there is a significant increase in the consumption of energy on account of rapid urbanization and increasing technological advancements across the globe. This, combined with the increasing power industry, is bolstering market expansion. Besides this, various benefits offered by petroleum coke, such as lightweight, durability, and anti-corrosion properties, are propelling the growth of the market. They are also focusing on various techniques to optimize the performance of the product, which is expected to bolster the growth of the market in the coming years.

    Moreover, the growing adoption of advanced ceramics to manufacture tools in the automotive, healthcare, energy, and defense industries is offering a favorable market outlook. Furthermore, key market players operating in the industry are extensively investing in research and development (R&D) activities to introduce an environment-friendly manufacturing process for petroleum coke. Additionally, the increasing production of steel for highways and railways constructions, along with the rising demand for energy in the cement industry around the world, is contributing to the growth of the market.

    Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=2592&flag=C

    Global Petroleum Coke Market 2022-2027 Competitive Analysis and Segmentation:

    The report has been segmented the market into following categories:

    Breakup by Type:

    Fuel Grade Coke
    Calcined Coke

    Breakup by Application:

    Power Plants
    Cement Kilns
    Steel
    Aluminium
    Fertilizer
    Others

    By Geography:

    North America
    United States
    Canada
    Asia-Pacific
    China
    Japan
    India
    South Korea
    Australia
    Indonesia
    Others
    Europe
    Germany
    France
    United Kingdom
    Italy
    Spain
    Russia
    Others
    Latin America
    Brazil
    Mexico
    Others
    Middle East and Africa

    List of Major Key Players:

    BP p.l.c (LON: BP)
    Chevron Corporation (NYSE: CVX)
    ConocoPhillips Company (NYSE: COP)
    Exxon Mobil Corporation (NYSE: XOM)
    HPCL-Mittal Energy Limited
    Indian Oil Corporation Ltd (NSE: IOC)
    Marathon Petroleum Corporation (NYSE: MPC)
    Shell plc, Saudi Aramco Group
    Trammo, Inc
    Valero Energy Corporation (VLO) (NYSE: VLO)

    If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

    If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

    About Us

    IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

    IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

    Contact Us:

    IMARC Services Private Limited

    30 N Gould St Ste R

    Sheridan, WY 82801 USA – Wyoming

    Email: Sales@imarcgroup.com

    Tel No:(D) +91 120 433 0800

    Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

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