Our latest research report entitled Petroleum Coke Market (by research based on Product (Calcined Coke, and Fuel Grade Coke), by End-Use (Power Plants, Cement Industry, and Blast Furnace)) provides complete and deep insights into the market dynamics and growth of petroleum coke market. The latest information on market risks, industry chain structure petroleum coke cost structure and opportunities are offered in this report.
The past, present and forecast market information will lead to investment feasibility by studying the essential petroleum coke growth factors. As per the report, the global petroleum coke market was worth USD 16.70 billion in 2016 and it is projected to reach USD 29.47 billion in 2023, expanding at a CAGR of 8.5% between 2017 and 2023. In terms of volume of consumption, the market size, of Petroleum Coke was 80201.8-kilo tons in 2016 and it is projected to reach 133145.4-kilo tons by the end of 2023, growing at a CAGR of 7.5% over the forecast period 2017-2023.
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The global petroleum coke market is driven by factors such as growing usage of petcoke as a cost-effective fuel in cement and energy industries, growth in production of aluminum and steel, and, advanced technologies aiding the surge in production of crude oil. However, the health and environmental effects of the petcoke is likely to act as a restraining factor affecting the global petroleum coke market over the forecast period.
Asia-Pacific Dominates the World Petroleum Coke Market
Asia-Pacific dominates the world petroleum coke market in terms of dollar share, while RoW (including South America and the Middle East) region is expected to grow at the highest CAGR over the forecast period followed by Europe. The growth in the Asia-Pacific region is primarily driven by emerging economies such as India, China, and Indonesia.
Petroleum Coke Industry: Segmentation
The report provides an analysis of global as well as regional markets of the petroleum coke market. In addition, the global petroleum coke market is segmented by product and by end use. By product covers calcined coke, fuel and grade coke. By end use covers power plants, cement industry, blast furnace, and others.
Key Players in the Petroleum Coke Market
Some of the key players in the global petroleum coke market are Indian Oil Corporation Limited, SABIC (Saudi Arabian Oil Co.), Reliance Industries Limited, JM Eagle, Valero Energy Corporation, Chevron Corporation, BP Plc, Essar Oil Ltd., Royal Dutch Shell Plc. and ExxonMobil Corporation.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the petroleum coke.
- Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2023.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research– Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.