Press release
Petcoke Market Outlook By Top Key Players Like Exxon Mobil Corporation, Royal Dutch Shell, Saudi Aramco, BP, Essar Oil, Reliance Industries, Chevron Corporation, Valero Energy Corporation, Indian Oil Corporation, Trammo
Petcoke market
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The size of Petcoke Market was registered at 11 Billion (USD) in the year 2016 and is anticipated to cross 25 Billion (USD) by 2024. Between the period 2017-2024, the Petcoke Market is expected to register a CAGR of 10%. Petcoke Market is expected to surpass USD 25 billion by 2024.Rapid industrialization across developing countries along with increasing demand for reliable and cost-effective alternate fuels will stimulate the industry growth. In 2017, according to water and power ministry of Pakistan, the Chinese companies are subjected to invest USD 15 billion to construct dozen coal plant across the country over next 15 years.
Leading Key Players in Petcoke Market are: Exxon Mobil Corporation, Royal Dutch Shell, Saudi Aramco, BP, Essar Oil, Reliance Industries, Chevron Corporation, Valero Energy Corporation, Indian Oil Corporation, Trammo, Marathon Petroleum, Oxbow Corporation, Aminco Resources, HPCL-Mittal Energy Limited (HMEL), Bharat Petroleum, Shamokin Carbons, Husky Energy, Rain CII, Carbograf, Cocan Graphite, Atha Group
Russia petcoke market is projected to reach over 5.5 MMT by 2024. Growing number of power stations coupled with increased investment towards aluminium and steel industries will fuel the industry landscape. Upgradation and expansion of existing refineries will further complement the business growth. In 2017, the PJSC Gazprom Neft announced to invest over USD 89.88 million to upgrade and modernize the existing 767,000 tones/year delayed coking units.
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Growing heavy crude oil import from the U.S. refineries to suffice increasing demand for refined petroleum products will stimulate the U.S. petcoke market share. Increasing investment towards upgradation of coker units will further complement the industry growth.
Growing demand for green fuel to enhance boiler efficiency will propel the petcoke market size. Strict government regulation to reduce trace of metal and NOx emissions will further positively impact the industry landscape. In 2016, European Union introduced directive 2016/2284/EU to reduce air pollutant emissions including sulphur dioxides, fine particulates matter, volatile organic compounds, ammonia and NOx by 2030. Less carbon emissions and low operation cost are some of its features which make its adoption preferable over other alternates.
Increasing demand for manufacturing of graphite anodes & electrodes from aluminium & steel industries will embellish the calcined petcoke market share. Superior fuel properties and low sulphur contents are some of its features which make its adoption preferable over other alternates.
Table of content:
Chapter 4. Petcoke Market, By Grade
4.1. Petcoke Market share by grade, 2016 & 2024
4.2. Fuel Grade
4.2.1. Market estimates and forecast, 2013 - 2024
4.3. Calcined Grade
4.3.1. Market estimates and forecast, 2013 - 2024
Chapter 5. Petcoke Market, By Physical Form
5.1. Petcoke market share by physical form, 2016 & 2024
5.2. Sponge Coke
5.2.1. Market estimates and forecast, 2013 - 2024
5.3. Purge Coke
5.3.1. Market estimates and forecast, 2013 - 2024
5.4. Shot Coke
5.4.1. Market estimates and forecast, 2013 - 2024
5.5. Needle Coke
5.5.1. Market estimates and forecast, 2013 - 2024
Read More About Petcoke Market https://www.prnewswire.com/news-releases/petcoke-market-worth-over-25-billion-by-2024-global-market-insights-inc-642847453.html
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