openPR Logo
Press release

Petroleum Coke Market Players British Petroleum, Marathon Petroleum Corporation

Petroleum Coke Market

Petroleum Coke Market

Introduction:

Petroleum coke or petcoke, a solid rock material is a byproduct of crude oil refining and other cracking processes. Although a refining byproduct, petroleum coke is considered as a valued commodity since 2008, all over the world. Crude oil remained after separating other valuable petroleum products from refining process such as diesel, lubricants, waxes, etc. can be processed further in cokers or other cracking processes to produce petroleum coke. Different grades of petroleum coke are produced by varying the coking operation temperature, coking time length, and quality of raw material used. The grades available are needle coke, purge coke, sponge coke, shot coke, and catalyst coke. The different grades differ in their physical properties and VOC (Volatile Organic Content). It is generally used as a source of energy in various industries due to its high calorific value, as compared to metallurgical coal and bituminous coal. About 80% of the petroleum coke produced is used as energy source in various industries. Cement kiln and power plants are the chief end users. Another prominent use of petroleum coke is in manufacturing of metal, where it is used to manufacture anodes for EAFs (Electric Arc Furnaces). The niche applications of petroleum coke includes production of titanium dioxide for paint and coloring industry, feedstock for coke oven batteries, to produce urea and ammonium nitrate for paper industry and fertilizer, etc. High sulphur, low grade petroleum coke (fuel grade) is generally used as a source of energy, while low sulphur, high grade petroleum coke is used for other uses by the manufacturers. Petroleum coke is a cost effective alternative to coal with higher calorific value, lower ash content.

Request Report Sample@ https://www.persistencemarketresearch.com/samples/11386

Global Petroleum Coke Market Dynamics

The production of the petroleum coke is linked with the production of oil, as it is a byproduct of oil refineries. The market is highly price sensitive and the global consumption of petroleum coke is highly dependent on competitive prices in fuel market. The global petroleum coke market is driven by increasing global energy demand. Petroleum coke being used as energy sources by power plants is highly influenced by increasing global energy demand. Growth of cement & construction industry is another driving factor for petroleum coke market growth. The advancement in technology that increased the oil production is also driving the market globally. EPA (environmental protection agency) has not classified petroleum coke as a hazardous material, eventhough it is found to be having adverse effects on aquatic and terrestrial environments due to higher level of sulphur content. Although there are no specific regulations for petroleum coke industries, the environmental regulations are the key restraints for the market. Furthermore the market is influenced by highly volatile fuel prices and is a key challenge for the market.

Global Petroleum Coke Market Segmentation

The global petroleum coke market is segmented on the basis of product type and end uses. On the basis of product type, the global petroleum coke market is classified as needle coke, sponge coke, catalyst coke, shot coke, and purge coke. On the basis of end use, the global petroleum coke market is segmented as power plants, cement industry, steel industry, Aluminum industry, others. The other end uses of petroleum coke includes bricks and glass, paints and coloring industries, etc. More than 80% of petroleum coke produced is used as a source of energy by the end users.

Global Petroleum Coke Market: Regional Outlook

Geographically, the Global petroleum coke market can be divided by major regions which include North America, Latin America, Western and Eastern Europe, Asia-Pacific region, Japan, Middle East and Africa. U.S. is a key exporter of petroleum coke. It exports more than 80% of the petroleum coke produced in the region. China, India, Japan, Mexico, and Turkey are the key export market for U.S. Apart from U.S., Canada, Spain, Germany, China are the major exporting countries.

Visit For TOC@https://www.persistencemarketresearch.com/toc/11386

Global Petroleum Coke Market Players

About 140 refineries produce petroleum coke all over the world. Some of the major petroleum coke manufacturing companies are ExxonMobil, Chevron, Valero, British Petroleum, Marathon Petroleum Corporation, etc.

About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
Telephone - +1-646-568-7751
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Petroleum Coke Market Players British Petroleum, Marathon Petroleum Corporation here

News-ID: 1491368 • Views: 338

More Releases from Persistence Market Research

The Outpatient Home Therapy Market to witness an overall with respect to growth …
Outpatient home therapy provides treatment at the patient’s home. There need for outpatient home therapy is growing and more facilities are added to the services. Outpatient home therapy provides extra comfort to the patients and is regulated by the Medicare and Medicaid programs. Home therapy is useful when patients are not able to travel to the healthcare units due to lack of transportation or the patient may not be able
The Meningococcal Vaccines Market to scale high in the next decade
The meningococcal vaccine market has expanded to a significant extent over the past few years in correspondence to the parent market. Constant research and development in meningococcal vaccines for various meningococcal disease preventive applications, coupled with the sanctions of subsidy & support of government organizations for immunization program are among the significant factors that are anticipated to drive the growth of the meningococcal vaccine market during the forecast period. Expansion of
The Immunoassay Interference Blocker Market to be on the escalation mode in the …
The rapidly increasing prevalence of chronic diseases and the growth of the aging population across the world are among factors that are expected to increase the need for biochemical testing for the management of chronic diseases. The global increase in aging population is expected to increase the demand for diagnostic kits and reagents for the detection of age-related as well as other chronic conditions, which is expected to boost the
The Orthopedic Surgical Robots Market to foresee growth in the next 10 years
Orthopedic surgical robots have gained immense popularity over the years. Consistent advancements in the technology for orthopedic surgical robots, the availability of orthopedic surgical robots across the globe, and increase in government funding and investments by manufacturers for the development of orthopedic surgical robots are among the primary factors that are anticipated to fuel the demand for orthopedic surgical robots during the forecast period. According to the latest research by PMR,

All 5 Releases


More Releases for Petroleum

Global Liquefied Petroleum Gas Market 2020 Business Strategies – Chevron Corpo …
The market report titled “Liquefied Petroleum Gas Market By Source (Refinery, Associated Gas, and Non-Associated Gas) and By End-User (Residential & Commercial, Petrochemical & Refineries, Industrial, and Transportation): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” and published by Zion Market Research will put forth a systematizedevaluation of the vital facets of the global Liquefied Petroleum Gas Market market. The report willfunction as a medium for the better assessment of
Natural Gas Market to Witness Huge Growth by 2025 | Qatar Petroleum, Sempra Ener …
The Global Natural Gas Market has witnessed continuous growth in the past few years and may grow further during the forecast period (2019-2025). The assessment provides a 360° view and insights, outlining the key outcomes of the industry, current scenario witnesses a slowdown and study aims to unique strategies followed by key players. These insights also help the business decision-makers to formulate better business plans and make informed decisions for
GCC Natural Gas Market: Key Players are Qatar Petroleum, GAZPROM, British Petrol …
The research study on GCC Natural Gas Market 2018 to 2024 reviews the overall industry scenario. It delivers the in-depth market size, share, growth, trend, demand, top players, industry overview, opportunities, value cycle, end-users, technology, types, & application. This report provides the historical data, scope, sales, statistical analysis, future roadmap, rigorous data, development trends and complete SWOT analysis by research experts. GCC Natural Gas Market is predicted to reach over USD
Petroleum Dyes Market Commendable Techniques 2025
Global Petroleum Dyes Market: Overview The global market for petroleum dyes is expected to attract commendable demand over the coming years. The growth of the market owes to the advancements in the petroleum industry and the willingness of the fuel-sellers to bring about positive change in their quality index. Petroleum dyes come in handy while adding color to gasoline and petroleum products, and are a class of unsaturated substances. The high
New Technologies in Petroleum Industry
Innovations on Petroleum: The petroleum industry also known as oil industry incorporates the worldwide forms of exploration, extraction, refining, transporting also marketing of petroleum products. The largest volume products of the industry are fuel oil and gasoline. Petroleum will be additionally those crude materials for numerous compound products, including pharmaceuticals, solvents, fertilizers, pesticides, engineered fragrances, and plastics. The industry is generally isolated under three significant components: upstream, midstream and downstream. Midstream
Petroleum Resins Market: Upcoming Demands & Growth Analysis
Petroleum resins are the by-products of petroleum cracking. These are also known by alternate names such as hydrocarbon resins. These are synthetic resins manufactured from polymerization and chemical processes. Petroleum resins are formed from a variety of feedstock such as aliphatic (C5), aromatic (C9), DCPD (dicyclopentadiene) or mixtures of these. Petroleum resins are used in a variety of applications such as adhesives and sealants, paints, coatings and inks, rubber and