Petroleum Coke Market Analysis With Industry Players Like Oxbow Corporation, Suncor Energy Inc., Phillips 66 Company, Aminco Resources LLC

According to a new report published by Allied Market Research, titled, Petroleum coke Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023," the petroleum coke market was valued at $16,680 million in 2016, and is projected to reach $29,648 million by 2023, growing at a CAGR of 8.6% from 2017 to 2023. Asia-Pacific is one of the prominent consumers of petroleum coke, accounting for more than half of the total market in 2016.

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This report provides an extensive analysis of the current trends and future estimations in the global petroleum coke market. In-depth analysis of the industry is conducted through market estimations of key segments for the period 2017 to 2023. Strategies adopted by leading manufacturers and distributors of petroleum coke helps understand the competitive scenario across geographies. Comprehensive analysis of factors that drive and restrain the growth of the market is provided in the report. Extensive analysis of the industry is conducted by following key product positioning and monitoring the top competitors within the market framework. The key players are profiled along with their strategies to determine the competitive outlook of the market.

Petroleum coke is a by-product of the oil refining process. Fuel grade petroleum coke is used on a large scale in cement kilns and power plants owing to its benefits such as high calorific value, low ash content, and low cost. Growth in demand for energy sources is anticipated to drive the growth of the global petroleum coke market during the forecast period.

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The major importers of petroleum coke include Asia-Pacific and Europe. Emerging economies such as China and India account for a large share in petroleum coke market. Petroleum coke is majorly used in cement kilns and power plants in these countries. In China, significant share of the petroleum coke is used in electricity generation in power plants. The growth of the petroleum coke market is driven by rapid industrialization in India and China. In terms of volume, Asia-Pacific emerged as the most dominating market for petroleum coke.

In 2016, Asia-Pacific and LAMEA collectively accounted for approximately three-fourths share of the total petroleum market, and are expected to dominate, specifically in China, India, and other developing countries. Development of the metal processing sector is the major reason for the growth of the market in Asia-Pacific.

The major players profiled in the report include Essar Oil, Chevron Corporation, Saudi Arabian Oil Company, ExxonMobil, British Petroleum, Marathon Petroleum Corporation, Valero Energy Corporation, Reliance Industries, Royal Dutch Shell, and Trammo, Inc.

Access full summary: https://www.alliedmarketresearch.com/petroleum-coke-market

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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