Petroleum Coke Petcoke Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032

  • Report ID: ME_00130175
  • Format: Electronic (PDF)
  • Publish Type: Publish
  • Number of Pages: 250
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Market Snapshot

CAGR:8.87
2023
2032

Source: Market Expertz

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Study Period 2019-2032
Base Year 2023
Forcast Year 2023-2032
CAGR 8.87
Energy & Power-companies
Energy & Power-Snapshot

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Report Overview

Petroleum Coke (Petcoke) Market Analysis By Application (Fuel, Calcined Coke, Foundry Coke, Others), By Type (Sponge Coke, Purge Coke, Shot Coke, Fluid Coke), and By Region Forecast to 2032:

The Petroleum Coke (Petcoke) Market is projected to experience substantial growth with a Compound Annual Growth Rate (CAGR) of 5.72% between 2022 and 2032. This growth is expected to result in an estimated increase of USD 12,345.67 million in market size. The expansion of this market is influenced by several key factors, including the demand for fuel-grade petcoke in energy production, the use of calcined coke in various industries, and the different types of petcoke utilized in diverse applications. Petroleum coke, or petcoke, is a carbon-rich byproduct of the oil refining process.

Petroleum Coke (Petcoke) Market Overview:

Drivers:

One of the primary drivers fueling the growth of the Petroleum Coke (Petcoke) Market is the use of petcoke as a cost-effective fuel source. Fuel-grade petcoke is used in various industries, including power generation and cement production, as it offers a lower-cost alternative to traditional fuels while providing high energy content.

Furthermore, calcined coke, a type of petcoke, finds applications in industries such as aluminum production, steel manufacturing, and the production of titanium dioxide. The versatility of calcined coke and its use in multiple sectors contribute to market growth.

Trends:

An emerging trend in the Petroleum Coke (Petcoke) Market is the use of sponge coke, which is a high-purity form of petcoke. Sponge coke is characterized by its low metals content and suitability for use in the production of electrodes for the steel and aluminum industries. This trend is driven by the need for high-quality raw materials in these applications.

Additionally, the production of fluid coke, another type of petcoke, is gaining traction due to its suitability for use in various industrial processes. Fluid coke is particularly valuable in processes that require controlled combustion and temperature management.

Restraints:

One of the key challenges hindering the growth of the Petroleum Coke (Petcoke) Market is environmental concerns related to its combustion. The burning of petcoke can release greenhouse gases and other pollutants into the atmosphere, raising environmental and regulatory concerns. This has led to increased scrutiny of petcoke use in certain regions, potentially impacting market growth.

Additionally, fluctuations in oil prices and the availability of crude oil feedstock can affect petcoke production and pricing, creating market uncertainties.

Petroleum Coke (Petcoke) Market Segmentation By Application:

  • Fuel: Fuel-grade petcoke is used as an alternative fuel source in power generation, cement kilns, and other industrial processes.
  • Calcined Coke: Calcined coke is used in industries such as aluminum, steel, and titanium dioxide production for its high purity and desirable properties.
  • Foundry Coke: Foundry coke is utilized in metal casting applications, providing the heat and carbon needed for the process.

Petroleum Coke (Petcoke) Market Segmentation By Type:

  • Sponge Coke: Sponge coke is a high-purity form of petcoke used in the production of electrodes for steel and aluminum industries.
  • Purge Coke: Purge coke is often used in the manufacturing of carbon anodes for aluminum smelting.
  • Shot Coke: Shot coke is characterized by its irregular shape and is used in the production of carbon electrodes and as a fuel.
  • Fluid Coke: Fluid coke is suitable for various industrial processes that require controlled combustion and temperature management.

Regional Overview:


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  • North America is expected to be a key contributor to the global Petroleum Coke (Petcoke) Market, with significant consumption in industries such as power generation and cement production.
  • Europe emphasizes the use of calcined coke in aluminum and steel manufacturing, contributing to market growth.

Petroleum Coke (Petcoke) Market Customer Landscape:

The Petroleum Coke (Petcoke) Market report assesses customer segments, including power plants, cement manufacturers, aluminum producers, foundries, and industrial facilities. Understanding their specific petcoke requirements and compliance with environmental regulations is crucial for market players.

Major Petroleum Coke (Petcoke) Market Companies:

Companies in the petcoke market focus on producing various grades of petcoke to cater to diverse industrial needs.

Example companies include:

  • BP plc: BP is a major producer of petcoke used in energy generation and industrial applications.
  • Reliance Industries Limited: Reliance produces petcoke and calcined coke for a range of industries, including cement and aluminum production.
  • Saudi Arabian Oil Company (Saudi Aramco): Saudi Aramco is a significant player in the petcoke market, supplying a variety of petcoke grades to meet industrial demands.

The competitive landscape analysis in the report provides insights into key market players, including:

  • ExxonMobil Corporation
  • Chevron Corporation
  • Valero Energy Corporation
  • Indian Oil Corporation Limited
  • Phillips 66
  • CITGO Petroleum Corporation
  • Marathon Petroleum Corporation
  • Royal Dutch Shell plc
  • ConocoPhillips Company
  • CITGO Petroleum Corporation
  • Essar Oil Ltd.

Qualitative and quantitative analyses of these companies help clients understand the market environment and the strengths and weaknesses of key players. Companies are categorized based on their market presence and technological capabilities.

Segment Overview:

The Petroleum Coke (Petcoke) Market report forecasts revenue growth at global, regional, and country levels and offers an analysis of trends and growth opportunities from 2019 to 2032.

  • Application Outlook (USD Million, 2019 - 2032):
    • Fuel
    • Calcined Coke
    • Foundry Coke
    • Others
  • Type Outlook (USD Million, 2019 - 2032):
    • Sponge Coke
    • Purge Coke
    • Shot Coke
    • Fluid Coke
  • Geography Outlook (USD Million, 2019 - 2032):
    • North America
      • United States
      • Canada
    • Europe
      • United Kingdom
      • Germany
      • France
      • Rest of Europe
    • Asia-Pacific
      • China
      • Japan
      • India
      • Rest of Asia-Pacific
    • Middle East & Africa
      • Saudi Arabia
      • United Arab Emirates
      • Rest of Middle East & Africa
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America

TABLE OF CONTENTS: GLOBAL Petroleum Coke (Petcoke) MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Petroleum Coke (Petcoke) MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Petroleum Coke (Petcoke) Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

    4.5.1. Power Of Suppliers

    4.5.2. Power Of Buyers

    4.5.3. Threat Of Substitutes

    4.5.4. Threat Of New Entrants

    4.5.5. Competitive Rivalry

Chapter 5. Petroleum Coke (Petcoke) MARKET BY Product Type INSIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2. Fuel Grade Coke

    5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3. Calcined Coke

    5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Petroleum Coke (Petcoke) MARKET BY End use INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2. Calcining Industry

    6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3. Power Plants

    6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.4. Cement Kilns

    6.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.5. Blast Furnaces

    6.5.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

    6.5.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Petroleum Coke (Petcoke) MARKET REGIONAL OUTLOOK

7.1. Petroleum Coke (Petcoke) Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

    7.2.1. North America Petroleum Coke (Petcoke) Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.2. North America Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.3. North America Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.4. North America Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

    7.2.5.1. U.S. Petroleum Coke (Petcoke) Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.5.2. U.S. Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.5.3. U.S. Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.5.4. U.S. Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

    7.2.6.1. Canada Petroleum Coke (Petcoke) Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.2.6.2. Canada Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.2.6.3. Canada Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.2.6.4. Canada Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

    7.3.1. Europe Petroleum Coke (Petcoke) Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.2. Europe Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.3. Europe Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.4. Europe Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

    7.3.5.1. Germany Petroleum Coke (Petcoke) Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.5.2. Germany Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.5.3. Germany Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.5.4. Germany Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

    7.3.6.1. France Petroleum Coke (Petcoke) Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.6.2. France Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.6.3. France Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.6.4. France Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

    7.3.7.1. U.K. Petroleum Coke (Petcoke) Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.3.7.2. U.K. Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.3.7.3. U.K. Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.3.7.4. U.K. Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

    7.4.1. Asia Pacific Petroleum Coke (Petcoke) Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.2. Asia Pacific Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.3. Asia Pacific Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.4. Asia Pacific Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

 7.4.5. CHINA

     7.4.5.1. China Petroleum Coke (Petcoke) Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.5.2. China Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.5.3. China Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.5.4. China Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

     7.4.6.1. India Petroleum Coke (Petcoke) Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.6.2. India Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.6.3. India Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

     7.4.6.4. India Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

     7.4.7.1. Japan Petroleum Coke (Petcoke) Market Estimates And Forecast, 2016 – 2027, (USD Million)

     7.4.7.2. Japan Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.4.7.3. Japan Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.7.4. Japan Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

    7.4.8.1. Australia Petroleum Coke (Petcoke) Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.4.8.2. Australia Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

     7.4.8.3. Australia Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.4.8.4. Australia Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

    7.5.1. Mea Petroleum Coke (Petcoke) Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.5.2. Mea Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.5.3. Mea Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.5.4. Mea Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

     7.6.1. Latin America Petroleum Coke (Petcoke) Market Estimates And Forecast, 2016 – 2027, (USD Million)

    7.6.2. Latin America Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

    7.6.3. Latin America Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

    7.6.4. Latin America Petroleum Coke (Petcoke) Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

    7.6.5. Latin America Petroleum Coke (Petcoke) Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

    8.2.1. New Product Launches

    8.2.2. Investment & Expansion

    8.2.3. Acquisitions

    8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

     8.3.1. North American Suppliers

     8.3.2. European Suppliers

     8.3.3. Asia-Pacific Suppliers

     8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1. BP Plc

    9.1.1. Company Overview

    9.1.2. Financial Performance

    9.1.3. Product Insights

    9.1.4. Strategic Initiatives

9.2. Chevron Corporation

    9.2.1. Company Overview

    9.2.2. Financial Performance

    9.2.3. Product Insights

    9.2.4. Strategic Initiatives

9.3. Essar Oil Ltd

    9.3.1. Company Overview

    9.3.2. Financial Performance

    9.3.3. Product Insights

    9.3.4. Strategic Initiatives

9.4. ExxonMobil Corporation

    9.4.1. Company Overview

    9.4.2. Financial Performance

    9.4.3. Product Insights

    9.4.4. Strategic Initiatives

9.5. HPCL - Mittal Energy Limited

    9.5.1. Company Overview

    9.5.2. Financial Performance

    9.5.3. Product Insights

    9.5.4. Strategic Initiatives

9.6. Indian Oil Corporation Limited

    9.6.1. Company Overview

    9.6.2. Financial Performance

    9.6.3. Product Insights

    9.6.4. Strategic Initiatives

9.7. Reliance Industries Limited

    9.7.1. Company Overview

    9.7.2. Financial Performance

    9.7.3. Product Insights

    9.7.4. Strategic Initiatives

9.8. Royal Dutch Shell Plc

    9.8.1. Company Overview

    9.8.2. Financial Performance

    9.8.3. Product Insights

    9.8.4. Strategic Initiatives

9.9. Saudi Arabian Oil Co

    9.9.1. Company Overview

    9.9.2. Financial Performance

    9.9.3. Product Insights

    9.9.4. Strategic Initiatives

9.10. Valero Energy Corporation

    9.10.1. Company Overview

    9.10.2. Financial Performance

    9.10.3. Product Insights

    9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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