Petroleum Coke (Petcoke) coke Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Shell, Valero Energy, Conoco Phillips, MPC

The global Petroleum Coke (Petcoke) market was valued at USD 7902.5 million in 2021 and it is expected to reach USD 26970 million by the end of 2027, growing at a CAGR of 19.2% during 2022-2027.

Petroleum Coke (Petcoke) Market Overview

Fuel grade petroleum coke is used widely in the power generation and cement industry which is what is contributing hugely to the market growth of petroleum coke. These industries in the countries like China and India are contributing to the growth of the market.

Over the forecast period, development in the power generation and cement industry and growth in the supply of heavy oils across the world is expected to drive the market for petroleum coke market. Other factors like rising in the production of steel due to development in the segment like highway construction, automobiles, railways, and transportation have also contributed in the drive of the market. Petroleum coke is used on large scale in several industries due to its minimal toxicity and low ash content. However, due to the high sulfur content in the petroleum coke, there are strict regulations on its usage which is expected to hamper the growth of the market

The report aspects discussed the profile of the top manufacturers of the global Petroleum Coke (Petcoke) market. These aspects include the financial status of major companies, trending advancements and the entire market scenario. Growth of the report has examined Petroleum Coke (Petcoke) Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.

Who are the Major Players in the Petroleum Coke (Petcoke) Market?

The global Petroleum Coke (Petcoke) includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Essar Oil, Chevron Corporation, Saudi Arabian Oil Company, ExxonMobil, British Petroleum, Marathon Petroleum Corporation, Reliance Industries, Royal Dutch Shell, and Trammo, Inc. Shell, Valero Energy, ConocoPhillips, MPC, Asbury Carbons, ExxonMobil, Aminco Resource and others.

Industry News and Updates:

• Valero Energy Corporation and Valero Energy Partners LP Announce Completion of Merger
  
  
  
  
  • Valero Energy Corporation (NYSE: VLO) (“Valero”) and Valero Energy Partners LP (NYSE: VLP) (the “Partnership”) today announced the completion of the previously announced merger between the Partnership and a wholly-owned subsidiary of Valero, pursuant to which Valero acquired all of the outstanding common units of the Partnership not already owned by Valero and its subsidiaries.
  
  
  
  


• Air Liquide’; [pop, Borealis, Esso, Total Energies and Yara collaborate to help decarbonize the industrial basin of Normandy in France
  
  
  
  • Air Liquide, Borealis, Esso S.A.F., Total Energies, and Yara International ASA have signed a Memorandum of Understanding (MoU) to explore the development of a CO2 infrastructure, including capture and storage, to help decarbonize the industrial basin located in the Normandy region, France. With the objective to reduce CO2 emissions by up to 3 million tons per year by 2030, which is equivalent to the emissions of more than 1 million passenger cars, the first phase will consist in studying the technical and economic feasibility of this project
  
  
  
  

What are the major Applications, Types, and Regions for the Petroleum Coke (Petcoke) Market?

The market is segmented based on the type, applications, companies, and regions.

By Type, Petroleum Coke (Petcoke) Market has been segmented into

• Needle Coke Type


• Shot Coke Type


• Sponge Coke Type


• Honeycomb Coke Type


• Others

The end user’s industry application on Petroleum Coke (Petcoke) Market is,

• Power


• Cement


• Aluminum


• Steel


• Others

Petroleum Coke (Petcoke) Market Regional Analysis

Emerging markets, such as China and India, are expected to show the highest increase in demand for petroleum coke during the forecast period, owing to rapid industrialization. The use of petroleum coke as a source for electricity generation is expected to drive market growth in the near future. Rising population and aggressive industrialization in the Asia Pacific could raise the hopes of petroleum coke manufacturers operating therein. More opportunities are foreseen to take shape in the Asia Pacific as the region dominates the international petroleum coke market in respect of demand led by colossal imports.

At present, the U.S. is analyzed to hold the projected dominant position in the export of petroleum coke. The low cost of petroleum coke is prophesied to be a major attraction for its import since a substantial quantity of power could be produced at an economical rate. Besides this, a large quantity of heat could be produced with a small quantity of petroleum coke. Europe is prognosticated to be another major importer of petroleum coke because of its increasing demand. Petroleum coke is considered as a preferable option instead of natural gas and coal in view of its timely and easy availability.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Petroleum Coke (Petcoke) Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Petroleum Coke (Petcoke) Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Petroleum Coke (Petcoke) Market report scope?

Scope of the Report covers Petroleum Coke (Petcoke) Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Petroleum Coke (Petcoke) Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.

Key Takeaways from this Petroleum Coke (Petcoke) Report

• Evaluate Petroleum Coke (Petcoke) market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.


• Get in-depth insights on your competitor’s performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies to your processes.


• Get a quick outlook on the Petroleum Coke (Petcoke) market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.


• Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

The Petroleum Coke (Petcoke) Market is studied from 2017 - 2027.

What is the growth rate of the Petroleum Coke (Petcoke) Market?

The Petroleum Coke (Petcoke) Market is growing at a CAGR of 19.2% over the next 5 years.

Who are the key players in Petroleum Coke (Petcoke) Market?

Essar Oil, Chevron Corporation, Saudi Arabian Oil Company, ExxonMobil, British Petroleum, Marathon Petroleum Corporation, Reliance Industries, Royal Dutch Shell, and Trammo, Inc. Shell, Valero Energy, ConocoPhillips, MPC, Asbury Carbons, ExxonMobil, Aminco Resource

What regions does this Petroleum Coke (Petcoke) Market report cover?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Petroleum Coke (Petcoke) Market?

Needle Coke Type, Shot Coke Type, Sponge Coke Type, Honeycomb Coke Type, Others

 

What are the major end-use applications of Petroleum Coke (Petcoke) Market?

Power, Cement, Aluminum, Steel, Others

 

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