Best Prospects in the Global Petroleum Coke Market and Strategies for Growth – Includes Petroleum Coke Market Overview
The Business Research Company’s report goes into great detail on the petroleum coke market size and growth, petroleum coke market regional analysis, petroleum coke market competitive landscape, and other critical information needed to excel in the petroleum coke industry.
Major players in the petroleum coke market include BP Plc, Chevron Corporation, Essar Oil Ltd., Exxon Mobil Corporation, HPCL – Mittal Energy Limited, Indian Oil Corporation Ltd., Marathon Petroleum Corporation, Royal Dutch Shell Plc, Saudi Arabian Oil Co., Trammo Inc., Valero Energy Corporation, Reliance Industries Limited, Marathon Petroleum Corporation, Phillips 66 Company, and PJSC Lukoil.
TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.
The global petroleum coke market size is expected to grow from $21.56 billion in 2021 to $24.44 billion in 2022 at a compound annual growth rate (CAGR) of 13.3%. The global petroleum coke market size is expected to grow to $34.36 billion in 2026 at a CAGR of 8.9%.
Asia-Pacific was the largest region in the petroleum coke market in 2021.
The petroleum coke market consists of sales of petroleum coke by entities (organizations, sole traders, and partnerships) that is a carbonaceous material produced by coker units in oil refineries or other cracking processes. Petroleum coke (also known as pet coke) is a by-product produced when tar sands bitumen is processed into crude oil. Bitumen has more carbon atoms than regular oil, and it is these atoms that are extracted from large hydrocarbon molecules using heat to produce pet coke. It has functioned as a relatively low-cost source of pulverized fuel for the kiln industry. It is known as green coke until it is thermally processed and converted into crystalline or calcined pet coke, which is utilized in the production of electrodes for steel and aluminum extraction.
The rise in the production of steel is expected to propel the growth of the petroleum coke market going forward.
Increasing investments by key manufacturers have emerged as a key trend gaining popularity in the petroleum coke market. Major companies operating in the petroleum coke sector are focused on investments to increase the production capacity of petroleum coke and meet the growing demand from end-use industries.
TBRC’s Global Petroleum Coke Market Report Is Segmented:
By Type: Fuel Grade, Calcined Coke
By Physical Form: Needle Coke, Sponge Coke, Catalyst Coke, Shot Coke, Purge Coke
By Application: Power Plants, Cement Kilns, Steel, Aluminium, Fertilizer, Others
By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The Petroleum Coke Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the petroleum coke market globally and regionally, analyzes and forecasts market size, share, petroleum coke market players, petroleum coke market segments, leading competitor revenues, profiles and market shares.
Here Is A List Of Similar Reports From The Business Research Company:
Interested To Know More About The Business Research Company?
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.
Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Follow us on LinkedIn: https://in.linkedin.com/company/the-business-research-company
Follow us on Twitter: https://twitter.com/tbrc_info
Check out our Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: