Petcoke Market by Application Growth Potential & Forecast to 2024 | Industry Top Key Players Saudi Aramco, ExxonMobil, Royal Dutch Shell, Essar Oil, Reliance, BP, Indian Oil, Chevron, Valero Energy

Global Petcoke market report added by Market study Report LLC is one of the most comprehensive research studies on Petcoke offering 447 data tables, 10 figures, covering 21 companies and regional outlook for 21 countries on segments covered in this report.

U.S. petcoke market size will grow owing to growing investment towards expansion of coker units. In 2016, McPherson refinery announced to invest USD 579 million for multiyear coker replacement project to refine cheaper high density and large sulfur content crude oils. Increasing import for heavy crude oil from the U.S. refineries along with rising demand for value added refined products will further augment the business.

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The expansion of the global petcoke market is inherently characterized by the robust worldwide demand for clean fuel supported by the stringent regulations enforced by regional governments and administrative bodies to reduce carbon emissions. While the traditional sources of fuel are essentially taking a backseat on account of the escalating trend of deploying renewable energy sources, petcoke is still gaining traction as compared to its other counterparts. This growth in demand can be attributed to several advantages provided by the product, one of which borders alongside the fact that petcoke boasts of a high calorific value, especially when compared to lignite. One of the most prominent driving forces behind the growth of petcoke market is the rising demand in the aluminum industry for the fabrication of aluminum smelter anodes. Indeed, the expansion of this vertical on account of the aluminum industry is rather commonplace, given that it encompasses the involvement of law at periodic intervals. Global Petcoke Market size will exceed USD 25 billion by 2024, as reported in the latest study report.

For Europe, Russia petcoke market is projected to exceed 5.5 MMT by 2024. Positive outlook towards steel and aluminum industries along with increasing number of power generating stations will stimulate the product demand. Ongoing modernization and expansion of existing refineries will further complement the industry landscape.

Growing demand for environment friendly fuel to enhance boiler efficiency will stimulate the petcoke market size. Stringent government norms to reduce NOx and trace metal emission will further complement the industry growth. In 2016, EU introduced Directive 2016/2284/EU to curb air pollutant emissions including VOC, ammonia, sulfur dioxides, NOx and fine particulate matters by 2030.

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Calcined petcoke market will grow on account of rising demand for manufacturing of graphite electrodes and anodes from steel and aluminum industries. Low sulphur content and superior fuel properties are some of the key parameters which will stimulate the product penetration.

Mexico petcoke market consumption in 2016 was over 6 MMT. Burgeoning demand for clean fuel from power plant and cement industries along with strict government regulations to reduce air pollution will propel the business growth. In 2014, Isolux and Alstom signed an agreement with Federal Electricity Commission (CFE) to convert 158 MW of fuel oil units to petroleum coke at the Altamira power station.

Notable players in the petcoke market include, Reliance, ExxonMobil, Saudi Aramco, BP, Essar Oil, Royal Dutch Shell, Bharat Petroleum, Indian Oil, Valero, Husky Energy, Chevron, Atha Group, Carbograf, HPCL-Mittal, Rain CII, Oxbow, Trammo, Aminco Resources and Marathon Petroleum.

Petcoke market research report includes in-depth coverage of the industry with estimates & forecast in terms of (TMT) and USD from 2013 to 2024, for the following segments:

Petcoke Market, By Grade
• Fuel Grade
• Calcined Grade

Petcoke Market, By Physical Form
• Sponge Coke
• Purge Coke
• Shot Coke
• Needle Coke

Petcoke Market, By Application
• Power Plants
• Cement Industry
• Steel Industry
• Aluminum Industry
• Others

Table of Content:

Chapter 1. Methodology and Scope

1.1. Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Market definition & forecast parameters

1.2. Data sources

1.2.1. Primary

1.2.2. Secondary

Chapter 2. Executive Summary

2.1. Petcoke industry 360 degree synopsis, 2013 - 2024

2.1.1. Business trends

2.1.2. Grade trends

2.1.3. Physical form trends

2.1.4. Application trends

2.1.5. Regional trends

Chapter 3. Petcoke Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 - 2024 (USD Billion)

3.3. Industry ecosystem analysis

3.3.1. Vendor matrix

3.4. Regulatory landscape

3.4.1. U.S.

3.4.2. UK

3.4.3. China

3.4.4. India

3.5. Import/Export trends

3.6. Refinery capacity landscape, 2013 - 2016

3.6.1. U.S.

3.6.2. UK

3.6.3. Russia

3.6.4. China

3.6.5. Mexico

3.6.6. Brazil

3.7. U.S. refinery petcoke production, 2011 - 2016

3.8. Industry impact forces

3.8.1. Growth drivers

3.8.1.1. Growing demand for low emission fuel

3.8.1.2. Stringent regulations toward coal

3.8.1.3. Expansion of refinery capacity

3.8.1.4. Positive outlook towards cement and power industries

3.8.2. Industry pitfalls & challenges

3.8.2.1. Environmental impact and health hazards

3.9. Growth potential analysis

3.10. Comparative analysis

3.10.1. Petroleum coke and Coal

3.11. Porter's analysis

3.12. Competitive landscape, 2016

3.12.1. Strategy dashboard

3.13. PESTEL analysis

Chapter 4. Petcoke Market, By Grade

4.1. Petcoke Market share by grade, 2016 & 2024

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Related Report:

United States Petcoke Market Research Report Forecast 2017-2021

The United States Petcoke Market Research Report Forecast 2017-2021 is a valuable source of insightful data for business strategists. It provides the Petcoke industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Petcoke market study provides comprehensive data which enhances the understanding, scope and application of this report.

https://www.marketstudyreport.com/reports/united-states-petcoke-market-research-report-forecast-2017-2021?utm_source=RR-SP

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