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Metallurgical Coke Market by Type (Blast Furnace Coke, Nut Coke, Buckwheat Coke, Coke Breeze, Coke Dust) by Distribution Channel (Steel, Foundry Industry, Other) - Growth, Future Prospects And Competitive Analysis, 2016 - 2028

Metallurgical Coke Market Analysis

Metallurgical coke is a primary raw material necessary for steel and iron production. Hence, industry trends in iron and steel directly impact the metallurgical coke market. Increasing demand for crude steel worldwide is projected to drive the expansion of the metallurgical coke market. This will result in increased use of synthetic graphite for metallurgical services. As a result, the metallurgical coke market is projected to maintain steady growth over the next ten years. Metallurgical coke is divided into three basic categories: ash size and content. These include technical coke and foundry coke, and blast furnace coke.

metallurgical-coke-market

The Global Metallurgical Coke market is expected to witness a CAGR of -3.48% during the forecast period. The revenue generated by the global Metallurgical Coke market in 2021 was over USD 12,360 million and is expected to generate revenue worth USD 96,310 million in 2028. Therefore, the incremental growth opportunity offered by the global Metallurgical Coke is estimated to be USD 751.64 billion between 2022 and 2028.    

Interesting Facts about Metallurgical Coke Industry

  • Metallurgical coke is composed of low ash and sulfur bituminous coal
  • Over 600 million tons of Metallurgical Coke is produced every year
  • Canada, the U.S., and Australia dominate the production of metallurgical coke
  • Metallurgical coke is the essential aspect of the steel-making process
  • Higher density and strength of metallurgical coke are important for blast furnace application

Blast Furnace Coke to Dominate the Demand for Metallurgical Coke

Blast Furnace Coke, Nut Coke, Buckwheat Coke, Coke Breeze, and Coke Dust are some significant types of Metallurgical Coke. Blast Furnace Coke is the leading type of Metallurgical Coke and accounted for over 35% share in 2021. Blast Furnace Coke is widely used in the steel & iron industry and other metallurgical applications.

Strong Demand from the Iron & Steel Industry

Metallurgical coke is also referred to simply as coke. It is a carbonaceous substance made by the distillation of coal, for example, bituminous coal at high temperatures without air. Due to its desirable properties, metallurgical coke is a primary raw ingredient in manufacturing steel and iron. Metallurgical coke is a key raw material used to manufacture steel and iron. Hence, the iron and steel making industry dominates the metallurgical coke market and is projected to drive its growth. The Asia Pacific region was the world leader in the demand for coke. There is increasing demand from China as well as other Asian countries.

Sluggish Demand from Aluminium Industry

The slowdown the aluminum industry is facing will hamper the growth of the metallurgical coke market. Therefore, the metallurgical industry’s trends are expected to impact the demand for metallurgical coke directly. As with all other sectors, the metallurgical coke market experienced a slowdown due to covid-19. However, the condition is slowly improving, and the metallurgical coke market is expected to recover during the following months.

China to Rule the Demand for Metallurgical Coke

China continues to dominate the Asia Pacific region and the rest of the world in demand for metallurgical coke. Annual coke production and demand are increasing in China at a steady rate. The local demand for iron and steel in China will continue to expand due to rising construction projects and vehicle production in the automotive sector. This will positively affect the metallurgical coke market over the next few years. As a result, the metallurgical coke market is expected to increase steadily during the next ten years.

Wide-Ranging Applications

Steel, Foundry Industry, and Other are some of the major application markets for the global Metallurgical Coke market. Besides the automotive, steel, and iron industries, the construction sector is also responsible for the growth of the metallurgical coke industry since it is a significant user of steel products. The construction industry accounts for over half the world’s iron and steel production. The construction industry has grown steadily over the years, which is expected to drive the expansion of the metallurgical coke market. The construction industry is projected to follow a similar trend over the subsequent demand. Hence, this will increase the demand for metallurgical coke.

ABC Coke, Ansteel, ArcelorMittal, Baosteel, BlueScope, Gujarat NRE Coke, Haldia Coke, Hickman, Williams & Company, Jiangxi BLACKCAT Carbon Black, JSW Group, Lubao-Group, Mid-Continent Coal and Coke Company, Nippon Steel & Sumitomo Metal, POSCO, Risun, Shanxi Coking Coal, SunCoke Energy, Sunlight Coking, Taiyuan Coal Gasification, Tata Steel, United States Steel, and Wisco are some of the major players operating in the global Metallurgical Coke market.

Frequently asked questions about global Metallurgical Coke industry

Likewise other industries, COVID 19 also taken a toll on Metallurgical Coke market with around 9.56% decline in its revenue in 2020 as compare to 2019

Asia Pacific is the largest regional market with highest share in the total volume of Metallurgical Coke consumed in 2021

Strong growth of steel & iron industry and growing foundry market across the world is leading the demand for Metallurgical Coke

Blast Furnace Coke segment dominated the Metallurgical Coke market in 2021 with over 35% share

Steel & Iron segment was the largest application of Metallurgical Coke in 2021 with over 40% share

Metallurgical Coke Report Scope

Report Attribute Details
Market Value in 2021 USD 120,360 million
Market Value in 2028 USD 96,310 million
CAGR -3.48% between 2021 and 2028
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
Report coverage Market Size Valuation, Share Analysis and Growth Rate by Segments such as Type and Application, Company Share, Competitive Landscape and Trends Analysis
Region al scope North America (U.S., Canada and Mexico), Europe (Russia, Spain, Italy, Germany, France, UK, Poland, Belgium, Netherland, Sweden, Denmark, Austria, etc.), Asia Pacific (India, South Korea, China, Japan, Taiwan, Singapore, Vietnam, Thailand, Indonesia, Malaysia, Australia, etc.), Latin America (Peru, Chile, Colombia, Brazil, Argentina, etc.), Middle East (KSA, UAE, Israel, etc.) & Africa (Egypt, Nigeria, South Africa, East African Community, etc.)
Major Players Analysed ABC Coke, Ansteel, ArcelorMittal, Baosteel, BlueScope, Gujarat NRE Coke, Haldia Coke, Hickman, Williams & Company, Jiangxi BLACKCAT Carbon Black, JSW Group, Lubao-Group, Mid-Continent Coal and Coke Company, Nippon Steel & Sumitomo Metal, POSCO, Risun, Shanxi Coking Coal, SunCoke Energy, Sunlight Coking, Taiyuan Coal Gasfication, Tata Steel, United States Steel and Wisco
Cost of the Report Write us at [email protected]
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Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
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Published Date:  Feb 2022
Category:  Mining, Minerals and Metals
Report ID:   60509
Report Format:   PDF
Pages:   120
Rating:    4.6 (16)
Delivery Time: 24 Hours to 48 Hours   
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