Metallurgical Coke Market - Global Industry Trend Analysis 2013 to 2017 and Forecast 2018-2028
There has been rising demand for metallurgical coke from the iron, steel and power generation industries. Metallurgical coke is formed by destructive distillation of a special blend of bituminous coal in the absence of air or oxygen. In order to produce metallurgical coke, the coal is heated into ovens at specific temperature to produce low sulphur, low phosphorus coke. Metallurgical coke is used for applications which requires high quality, tough and highly resistant form of carbon. The primary application of metallurgical coke involves its use in the iron and steel plants in blast furnaces, sinter plants and foundries for the reduction of iron ore to iron. In general, major metallurgical coke plants are located in the iron and steel plants itself. Modern ovens are being designed to produce high quality of metallurgical coke to reduce the emissions and environment safety.
Global Metallurgical Coke Market Dynamics
Metallurgical Coke Market Drivers
The rapid growth of the iron and steel industries has created an upsurge in demand for the metallurgical coke. The major and predominant application area for metallurgical coke is in the blast furnaces in the iron and steel industries. There has been rising demand for metallurgical coke for the power generation industries also which is projected to support the demand for metallurgical coke over the forecast period. There has been significant increase in number of iron and steel plants and power generation plants which have been driving the metallurgical coke business growth.
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Metallurgical Coke Market Restraints
One of the major challenge faced by the global metallurgical coke market is the use of substitutes such as oils, plastics amongst others as replacement for reducing agent and fuel for the iron and steel production plants.
Additionally, there has also been increase in use of materials such as recycled tires or waste tire as an additive with coal for the manufacture of metallurgical coke
Another major challenge faced by the global metallurgical coke industry is the availability of raw material. The quality of coal required for the manufacture of metallurgical coke is quite high which being unevenly distributed across Russia, China which is a major challenge for the manufacturers.
The fluctuating prices has also been a major cause of concern for the global metallurgical coke market.
Metallurgical Coke Market Trends
The manufacturers of metallurgical coke are entering into long term supply contracts with the steel manufacturing companies as a part of their business strategy to expand their customer base and global footprints.
Manufacturers are focusing on the manufacture of low sulphur and low emission metallurgical coke to protect the health of workers and also to reduce the harmful effects on the environment. Significant investments are being made for the technological advancements in the production methods to ensure health and environmental safety
Global Metallurgical Coke Market Segmentation
The global Metallurgical Coke market can be segmented on the basis of application, end use industry, grade and region.
On the basis of application, the global metallurgical coke market can be segmented as:
Fuel Reducing agent Permeable support material
On the basis of end use industry, the global metallurgical coke market can be segmented as:
Iron and steel Industry Sugar processing Chemical Industry (Soda ash and calcium carbide manufacturing) Others
On the basis of grade, the global metallurgical coke market can be segmented as:
Low Ash metallurgical coke High ash metallurgical coke
Global Metallurgical Coke Market: Regional Outlook
The global metallurgical coke market is anticipated to be dominated by Asia Pacific region with China leading the market both in terms of production and consumption. India is also anticipated to witness sound growth in demand for metallurgical coke owing to the rapid growth in the iron and steel industry in the country. North America and Europe are collectively anticipated to hold significant share in the metallurgical coke market and the aging manufacturing sites are anticipated to drive the demand in the coming years. Significant investments in Brazil are projected to drive the Latin America metallurgical coke market. Middle East and Africa is projected to witness moderate growth in demand for metallurgical coke over the forecast period.
Global Metallurgical Coke Market Participants
Some of the market participants identified across the value chain of global Metallurgical Coke market are:
SunCoke Energy Inc. Ennore Coke Limited (ECL)
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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The report covers exhaust analysis on:
Regional analysis includes:
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Haldia Coke and Chemicals Private Limited
Hickman, Williams & Company
Shandong Pioneer International Trade Co.,Ltd(SPIT)
Gujarat NRE Coke Ltd (GNCL)
Yikun Industry Company Limited
Supply & Demand
Competition & Companies involved
North America (U.S., Canada)
Latin America (Mexico, Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
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