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Petroleum Coke (Petcoke) Market By Product (Fuel Grade Coke, Calcined Coke), By Application (Aluminum And Other Metals, Cement Kilns, Power Generation, Steel Metal, Storage) - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2022

Growing power and cement industries are the major factors driving the market growth. However, rising demand for pet coke from the steel and aluminum industries is another factor propelling market demand over the forecast period. Pet coke's other vital advantage is its high calorific value compared to natural gas and coal. As a result, it is regarded as being more cost-competitive than natural gas and coal. Approval by regulatory agencies such as the EPA and CRS to use pet coke in various industrial applications is projected to drive the market over the coming years due to its non-toxic nature.

The market for petcoke is growing substantially due to rising demand from emerging economies in the Asia-Pacific and RoW regions. Asia Pacific dominates the petcock market in terms of demand and is the largest importer of petcoke. Due to rapid industrialization, most of the petcoke in countries such as China and India is used in power plants for generating electricity and cement kilns.

Even in Latin America and the Middle East, substantial demand for petrochemicals exists owing to the rising population and increasing infrastructure developments in the regions. Europe is another lucrative market for pet coke owing to the rising demand for electricity in the region. Many European crude oil companies had delayed cooking units to produce petrochemicals locally. The market for petcoke in North America is mature and is projected to witness average growth over the next six years. However, North America has become the major exporter of petcoke.

The report titled "Global Petcoke Market: Growth, Share, Opportunities, and Competitive Analysis, 2015–2022" offers strategic insights into the global petcoke market along with the market size and estimates for the duration of 2014–2022. The said research study covers an in-depth analysis of multiple market segments based on application type, product type, and a cross-sectional study across different geographies. In addition, the study covers the comparative analysis of different segments for the years 2014 and 2022. The report also provides a prolific view of market dynamics such as market drivers, restraints, and opportunities.

To help the strategic decision makers, the report includes profiles of the leading petcoke manufacturers, their SCOT (Strengths, Challenges, Opportunities, and Weaknesses) analysis, and key developments. The major players profiled in the report are Chevron Corporation, BP Plc, Essar Oil Ltd., ExxonMobil Corporation, Indian Oil Corporation Limited, Royal Dutch Shell Plc, Reliance Industries Limited, Saudi Arabian Oil Company, Valero Energy Corporation, and Conco Philips. Further, the report also covers the market positioning of the key players operating in the petcoke market.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the petcoke industry
  • Market fuelers, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • SRC (Segment, Region, Country) Analysis

Overall, the research study provides a holistic view of the global petcoke market, offering market size and estimates for the period from 2015 to 2022, keeping in mind the above factors.

The global petcoke market can be categorized based on applications as follows:

  • Aluminum and other metals
  • Cement Kilns
  • Power Generation
  • Steel Metal
  • Other Industry
  • Storage

The petcoke market is growing significantly and is gradually taking over the power and cement industries. It has started giving strong competition to coal. The petcoke industry is directly linked to demand for and growth in the steel, aluminum, and electricity generation industries. Growth in all these industries will have a subsequent impact on the petcoke industry. Aluminum and other metals, cement kilns, and power generation are the three prominent consumers of petcoke. Together, they accounted for more than 72% of the global market demand in 2014.

Cement and power are the two fastest-growing applications of petcoke. Growing cement and power industries in emerging economies such as India, China, and Japan are projected to drive the petcoke market over the forecast period. In 2014, the aluminum and other metals segment accounted for more than 27% of the global demand for petcoke. Rising demand from the aluminum and steel industries is anticipated to propel petcoke demand over the forecast period. Other industries, such as paints and coatings, fertilizers, among others, are another lucrative market for petcoke.

Based on geography, the global petcoke market is segmented into the following regions:

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • U.K
  • Italy
  • Russia
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • Rest of Asia Pacific
  • Rest of the World
  • Brazil
  • Rest of RoW

Asia Pacific dominated the petroleum coke market and accounted for 37% of global demand. It is also projected to maintain its dominance over the next six years. India and China are the chief contributors to the market growth in the Asia-Pacific region. In these regions, the power and cement industries account for the bulk consumption of petcoke. Europe is another significant market for petcoke and is projected to grow at a CAGR of 5.1% over the forecast period in terms of demand.

Petroleum coke is becoming a preferred fuel over coal and natural gas because of its easy and abundant availability.

RoW regions such as Africa and the Middle East are also projected to witness a high growth rate due to growing infrastructure development. To produce petcoke domestically, crude oil refining companies are setting up delayed coking units. North America is a mature market projected to witness a moderate growth rate over the forecast period. North America has been the major exporter of petroleum coke and plays an important part in China's growing use of petcoke.

Frequently Asked Question:

The market for Petroleum Coke (Petcoke) is expected to reach USD$ XX in 2022.

The Petroleum Coke (Petcoke) Market is expected to see significant CAGR growth over the coming years, at XX%

The report is forecasted from 2015 -2022.

The base year of this report is 2014.

Chevron Corporation, BP Plc, Essar Oil Ltd., ExxonMobil Corporation,Indian Oil Corporation Limited, Royal Dutch Shell Plc. are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Jul 2016
Category:  Energy Utilities
Report ID:   57997
Report Format:   PDF
Pages:   120
Rating:    4.2 (55)
Delivery Time: 24 Hours to 48 Hours   
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