Petroleum coke, also known as coke or petcoke, is a carbon-rich solid substance produced during crude oil refining. It is a type of coke produced by a final cracking process in coker units, which is a thermo-based chemical engineering process that splits long-chain petroleum hydrocarbons into shorter chains. Petcoke can be 98-99 percent carbon in its purest form, resulting in a carbon-based molecule with hydrogen filling in the gaps. Petcoke contains more than 80% carbon and, due to its higher energy content, emits 5% to 10% more CO2 (Carbon dioxide) per unit of energy than coal when burned. Stellar Market Research has prepared a report on the Petroleum Coke Market based on segment analysis by type, application, and region.
Petroleum Coke Market Report Scope and Research Methodology:
The report clearly represents a Petroleum Coke Market structure, which includes current trends in the market and forecasts to identify potential investment areas. It consists of various factors affecting the Petroleum Coke market such as historical data, recent technological development, competitive landscape, and government policy. The Petroleum Coke Market report provides information on major drivers, restraints, challenges and opportunities for clients. For easy understanding, the market has been divided into three major segments and these major segments of the Petroleum Coke Market were further divided into various sub-segments. The report also includes a segment-wise analysis of the factors influencing the market growth with the competitive analysis, major market players have been included in the report by their expansion plans, product, investments, pricing and presence in the Petroleum Coke industry.
Both primary and secondary research methods were used and the data collected for the Petroleum Coke Market report by using these methods were combined to draw accurate and error-free inferences. The primary research included interviews with subject-matter experts, Petroleum Coke industry participants, high-level executives of key market players, industry consultants and other experts. The Petroleum Coke Market report includes a PESTLE analysis, which aids in the development of company strategies. SWOT analysis was conducted to provide the strengths and weaknesses of the Petroleum Coke Market.
Petroleum Coke Market Overview:
The market growth drivers and challenges, as well as company plans, procedures, and a detailed financial strategy, are all explored in the research. Customization, as well as extensive information about Petroleum Coke industry potential, meets customer expectations. The Petroleum Coke Market study investigates the industry's competitive landscape and leading players. Considering modern industrial conditions, this Petroleum Coke Market study help with structure planning.
Petroleum Coke market size was valued at US $24.80 Billion in 2020 and the Petroleum Coke market revenue is expected to grow at 7.62% through 2021 to 2027, reaching nearly US $41.47 Billion. The report analyzes Petroleum Coke market dynamics by region, and end-user industries.
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Petroleum Coke Market Dynamics:
Petroleum coke is a common source of fine dust that can bypass the human airway filtering system, settle in the lungs, and cause serious health problems such as asthma, pneumonia, and other respiratory illnesses. According to the Environmental Protection Agency, petroleum coke contains vanadium, a hazardous metal. It can be hazardous in trace concentrations (0.8 micrograms per cubic metre of air). Both the storage and combustion of petcoke are hazardous to the environment.
Petroleum Coke Market Segmentation:
Fuel-grade coke is either sponge coke or shot coke in structure. While oil refineries have been producing coke for over a century, the mechanisms that allow sponge coke or shot coke to form are poorly understood and difficult to predict.
In general, lower temperatures and higher pressures promote the development of sponge coke. Though its high heat and low ash content make it a good fuel for power generation in coal-fired boilers, its high Sulphur content and low volatile composition cause environmental and technical issues during combustion.
Calcined petroleum coke (CPC) is a byproduct of petroleum coke calcination. For the smelting of aluminum, steel, and titanium, calcined petroleum coke is used to make anodes. The calcined coke market is expected to grow significantly during the forecast period as the application scope of needle calcinated coke in battery electrodes expands.
Petroleum Coke Market Key Players:
China National Offshore Oil Corporation (China)
Essar Oil Corporation (India)
Indian Oil Corporation Limited (India)
Mitsubishi Corporation (Japan)
Sinopec (China)
British Petroleum (United Kingdom)
Nippon Coke and Engineering (Japan)
Shell Petroleum (United Kingdom)
Atha Group (India)
Aluminum Bahrain (Bahrain)
Carbograf (Mexico)
Saudi Aramco (Saudi Arabia)
Asbury Carbons (United States)
ConocoPhillips (United States)
Minmat Ferro Alloys (India)
Petroleum Coke Market Regional Insights:
Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America are the five regions that make up the Petroleum Coke market. The report forecasts the revenue growth at regional and country levels in terms of USD value from 2021 to 2029. Regional analysis with the Petroleum Coke market size of each region is included in the report. The countries portion of the research examines a variety of market elements that are expected to influence current and future Petroleum Coke market trends, as well as changes in market rules at the country level. Some of the primary components used to forecast each country's Petroleum Coke market situation include consumption, production location and amount, import/export analysis, pricing analysis, raw material prices, and upstream and downstream value chain analysis.
Key Questions answered in the Petroleum Coke Market Report are:
- What are the Petroleum Coke market segments?
- Which segment in the Petroleum Coke market is expected to grow rapidly during the forecast period?
- Which are the prominent players in the Petroleum Coke market?
- What key trends are expected to emerge in the Petroleum Coke market during the forecast period?
- What was the Petroleum Coke market size in 2021?
- Which region dominated the Petroleum Coke market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2027.
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Stellar Market Research
Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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