Petroleum Coke Market Research | Industry Analysis | Application | Supplier 2016-2020

Petroleum Coke Market - Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020

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Petroleum coke is valuable consumer products derived from oil refining process. Petroleum coke is also known as pet coke. The crude oil residue further refined by a process known as coking to produce pet coke. Petroleum coke has highest carbon purity and is used in energy and in the aluminum, graphite electrode, steel, titanium dioxide and other carbon consuming industries. Petroleum coke can resemble small spheres, ranging in size from a grain of sand to a large marble.

The major driving factor of the global petroleum coke market is increasing power generation and cements industries. Another key factor is growing demand from aluminum and steel industries and is expected to drive petroleum coke market during the forecast period. Strong demand coupled with infrastructure development in Middle East & Africa is projected to fuel the petroleum coke market in the region in the years to come. However, unfavorable effect on the environment and health awareness expected to hamper the growth of petroleum coke market.

The market for petroleum coke is segmented on the basis of product, end-use and geography. On the basis of product segment, petroleum coke market has been classified into fuel grade coke and calcined coke. Fuel grade coke is the largest product segment market and is expected to witness robust growth over the forecast period. Key end-use include in petroleum coke market such as calcining, power plant, cement, blast furnace and others. Increasing demand from power plants and cement application sector in emerging economics such as India and China and expected to drive the demand over the forecast period. The study provides forecast and estimates for each product segment and end use in terms of revenue and volume during the forecast period.

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Major regional segments analyzed in this study include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, further bifurcation of region on the country level, which include U.S., Germany, UK, France, China, Japan and India. Asia Pacific has witnessed strong growth of petroleum coke market in recent past years on account of the rising industrialization coupled with increasing population. North America is expected to moderate growth over the forecast period.

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