Metallurgical Coke Market Report 2023: Analyzing Industry Trends and Market Dynamics || Hickman Williams & Company, OKK Koksovny, SunCoke Energy, ECL

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Metallurgical Coke Global Market Report 2023 identifies the rapid growth in the steel industry is the major driver for the metallurgical coke market's growth in the forecast period. The steel industry refers to the business of processing iron ore into steel, which is an iron-carbon alloy, and in some cases, turning that metal into partially finished products or recycling metal into steel. The metallurgical coke is helpful in iron ore and limestone for making molten iron, which is then further treated and heated to make steel. For instance, according to the India Brand Equity Foundation (IBEF), an India-based government promotion agency, in 2021 the production of crude steel and finished steel stood at 102.49 metric tonnes (MT) and 94.66 MT, respectively.

The global metallurgical coke market size will grow from $186.28 billion in 2022 to $199.71 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global metallurgical coke is expected to grow to $246.85 billion in 2027 at a CAGR of 5.4%.

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Major competitors in the metallurgical coke market are Hickman Williams & Company, OKK Koksovny, SunCoke Energy, ECL, Mechel, China Risun Coal Chemicals Group Limited, ArcelorMittal, Jiangsu Surun High Carbon Co Ltd., Nippon Steel & Sumitomo Metal.

A key trend in the metallurgical coke market includes Strategic partnerships. Major companies operating in metallurgical coke sector are undergoing partnerships for developing the metallurgical coke market. For instance, in November 2021, ArcelorMittal, a Luxembourg-based commercial coke producer for the ferroalloy industry partnered with Orange Business Services, an India-based service provider, and Ericsson, a Sweden-based telecommunications company.

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The metallurgical coke market is segmented -

1) By Type: Blast Furnace Coke, Nut Coke, Foundry Coke, Pearl Coke, Breeze Coke, Buckwheat, Other Types

2) By Grade: ow Ash, High Ash

3) By Application: Iron and Steel Making, Sugar Processing, Glass Manufacturing, Other Applications

4) By End Users: Steel, Foundry Industry, Other End Users

5) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the metallurgical coke market.

The Business Research Company's "Global Metallurgical Coke Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Metallurgical Coke Market Include:
1. Executive Summary
2. Metallurgical Coke Market Characteristic
3. Metallurgical Coke Market Trends And Strategies
4. Metallurgical Coke Market - Macro Economic Scenario
5. Metallurgical Coke Market Size And Growth
……………
27. Metallurgical Coke Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Metallurgical Coke Market
29. Metallurgical Coke Market Future Outlook And Potential Analysis
30. Appendix

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