Press release
Petroleum Coke Market Projected to Reach USD 51.66 Billion by 2030
Petroleum Coke Market
๐๐๐ญ๐ซ๐จ๐ฅ๐๐ฎ๐ฆ ๐๐จ๐ค๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
Petroleum coke, commonly known as petcoke, is a carbon-rich solid material derived from oil refining. It serves as a cost-effective fuel in various industries, including power generation, cement, and steel production. The market's growth is driven by increasing energy demand, urbanization, and infrastructure development.
๐๐๐ญ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/117548/
๐๐๐ญ๐ซ๐จ๐ฅ๐๐ฎ๐ฆ ๐๐จ๐ค๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
๐ท๐๐๐๐๐๐๐๐ ๐ช๐๐๐ ๐ด๐๐๐๐๐ ๐ถ๐๐๐๐๐๐๐๐๐๐๐๐ ๐๐ ๐ฝ๐๐๐๐๐๐:
Vietnam's petroleum coke market is experiencing growth due to rising energy demands and industrial expansion. The market is projected to grow by 3.35% from 2024 to 2029, resulting in a market volume of approximately USD 4.0 billion by 2029.
๐ท๐๐๐๐๐๐๐๐ ๐ช๐๐๐ ๐ด๐๐๐๐๐ ๐ฎ๐๐๐๐๐ ๐๐ ๐ป๐๐๐๐๐๐๐ :
Thailand's expanding industrial sector, particularly in cement and power generation, is driving the demand for petroleum coke. The country's focus on infrastructure development and cost-effective fuel sources contributes to this growth.
๐ท๐๐๐๐๐๐๐๐ ๐ช๐๐๐ ๐ด๐๐๐๐๐ ๐ป๐๐๐๐ ๐ ๐๐ ๐ฑ๐๐๐๐:
Japan's demand for petroleum coke is influenced by its steel and aluminum industries. The market is segmented by application, with projections indicating continued utilization in these sectors.
๐ท๐๐๐๐๐๐๐๐ ๐ช๐๐๐ ๐ฐ๐๐ ๐๐๐๐๐ ๐ถ๐๐๐๐๐๐๐๐๐๐๐๐ ๐๐ ๐บ๐๐๐๐ ๐ฒ๐๐๐๐:
South Korea's petroleum coke market is segmented by physical form and application, with significant consumption in power generation and industrial processes. The market is expected to grow in alignment with industrial demands.
๐ท๐๐๐๐๐๐๐๐ ๐ช๐๐๐ ๐ด๐๐๐๐๐ ๐ป๐๐๐๐ ๐ ๐๐ ๐บ๐๐๐๐๐๐๐๐:
Singapore, as a major trading hub, plays a pivotal role in the import and export of petroleum coke within the Asia-Pacific region. The country's strategic location and port facilities facilitate regional distribution.
๐ท๐๐๐๐๐๐๐๐ ๐ช๐๐๐ ๐ด๐๐๐๐๐ ๐ช๐๐๐๐๐๐๐ ๐๐๐๐๐ ๐๐ ๐ผ๐๐๐๐๐ ๐บ๐๐๐๐๐:
The U.S. petroleum coke market is characterized by significant mergers and acquisitions. In May 2023, ๐๐ฆ๐ข๐ซ๐๐ญ๐๐ฌ ๐๐ฅ๐จ๐๐๐ฅ ๐๐ฅ๐ฎ๐ฆ๐ข๐ง๐ฎ๐ฆ (๐๐๐) signed a memorandum of understanding with BP to explore initiatives that could reduce the carbon content of EGA's calcined petroleum coke supply. This collaboration may lead to the establishment of a calcined petroleum coke mixing facility in the UAE.
๐ท๐๐๐๐๐๐๐๐ ๐ช๐๐๐ ๐ฐ๐๐ ๐๐๐๐๐ ๐ผ๐๐ ๐๐๐๐๐ ๐๐ ๐ฌ๐๐๐๐๐:
Europe's petroleum coke market is adapting to stringent environmental regulations, leading to investments in cleaner technologies and sustainable practices. The region is updating its industrial processes to align with environmental standards.
๐๐๐ ๐๐ซ ๐ญ๐จ ๐๐ข๐ฌ๐๐จ๐ฏ๐๐ซ ๐ฐ๐ก๐๐ญ'๐ฌ ๐ฐ๐ข๐ญ๐ก๐ข๐ง? ๐๐๐๐ฎ๐ซ๐ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ๐๐๐ฒ: https://www.maximizemarketresearch.com/request-sample/117548/
๐๐๐ฒ ๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
In May 2023, ๐๐ฆ๐ข๐ซ๐๐ญ๐๐ฌ ๐๐ฅ๐จ๐๐๐ฅ ๐๐ฅ๐ฎ๐ฆ๐ข๐ง๐ฎ๐ฆ (๐๐๐) ๐๐ง๐ ๐๐ initiated a collaboration to explore reducing the carbon content of calcined petroleum coke, potentially establishing a mixing facility in the UAE.
๐๐๐ญ๐ซ๐จ๐ฅ๐๐ฎ๐ฆ ๐๐จ๐ค๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
๐๐ฒ ๐๐ฒ๐ฉ๐
Fuel grade coke
Calcined coke
Based on the type , the global oil hull market is divided into two categories namely fuel hull and calcined hull . In 2023 , the fuel - based coke sector was predominant and had a market share . Fuel-grade coke can be composed of sponge coke or shot coke . While oil refineries have produced coke for over a century , the mechanisms that allow the formation of sponge coke or shot coke are poorly understood and cannot be predicted with precision .
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Power plants
Aluminum & Steel industry
Cement industry
Others
Based on the application , the global coke market is divided into four categories : power plants , aluminum and steel industry , cement industry , and others . In 2023 , the aluminum and steel sector was predominant and held the majority of revenues . Elements that can be linked to the growth in demand for aluminum as a source of carbon and energy to provide fuel for electricity generation for cement boilers . Demand for this segment is expected to be driven by increasing demand from the aluminum and steel industries.
๐๐๐ง๐ญ ๐ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ? ๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐ฌ๐ฎ๐ฆ๐ฆ๐๐ซ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/request-sample/117548/
๐๐๐ญ๐ซ๐จ๐ฅ๐๐ฎ๐ฆ ๐๐จ๐ค๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฃ๐จ๐ซ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
1. China National Offshore Oil Corporation
2. Essar Oil Corporation
3. Indian Oil Corporation Limited
4. Mitsubishi Corporation
5. Sinopec
6. British Petroleum
7. Nippon Coke and Engineering
8. Shell Petroleum
9. Atha Group
10.Aluminum Bahrain
11.Carbograf
12.Saudi Aramco
13.Asbury Carbons
14.ConocoPhillips
15.Minmat Ferro Alloys
16.Aminco Resource
17.Reliance Industries
18.China National Petroleum Corporation
19.Rain CII
20.MPC
21.Luqing Petrochemical
22.Shaanxi Coal and Chemicals
23.Ferrolux
24.ExxonMobil
25.Landbridge Group
26.Valero Energy
27.Sumitomo Chemicals
28.Others
๐๐ข๐ฏ๐ ๐ข๐ง๐ญ๐จ ๐๐จ๐ฉ๐ฎ๐ฅ๐๐ซ ๐๐ข๐ฌ๐๐ฎ๐ฌ๐ฌ๐ข๐จ๐ง๐ฌ:
Global Artificial Intelligence in Supply Chain Market https://www.maximizemarketresearch.com/market-report/global-artificial-intelligence-in-supply-chain-market/63829/
India NonLife Insurance Market https://www.maximizemarketresearch.com/market-report/india-non-life-insurance-market/42091/
Europe Blockchain Market https://www.maximizemarketresearch.com/market-report/europe-blockchain-market/2951/
Retail Media Networks Market https://www.maximizemarketresearch.com/market-report/retail-media-networks-market/147754/
E House Market https://www.maximizemarketresearch.com/market-report/global-e-house-market/28068/
Dredging Market https://www.maximizemarketresearch.com/market-report/global-dredging-market/110051/
PET Bottle Market https://www.maximizemarketresearch.com/market-report/pet-bottle-market/123400/
Diesel Engine Market https://www.maximizemarketresearch.com/market-report/diesel-engine-market/14704/
Global Digital Picture Frame Market https://www.maximizemarketresearch.com/market-report/global-digital-picture-frame-market/55437/
India Liquefied Petroleum Gas Market https://www.maximizemarketresearch.com/market-report/india-liquefied-petroleum-gas-market/45105/
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
+91 9607365656
sales@maximizemarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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 Projected to Reach USD 51.66 Billion by 2030 here
News-ID: 3805908 • Views: โฆ
More Releases from Maximize Market Research Pvt. Ltd.
Bangladesh Ceramics Tiles Market to Surpass USD 2.1 Billion by 2030, Fueled by a โฆ
Bangladesh Ceramics Tiles Market size was valued at USD 882.56 Million in 2023 and the total Bangladesh Ceramics Tiles Market revenue is expected to grow at a CAGR of 13.71 % from 2024 to 2030, reaching nearly USD 2169.38 Million.
Bangladesh Ceramics Tiles Market Overview:
The Bangladesh ceramics tiles market is a vital component of the country's construction and building materials industry, driven by rapid urbanization, infrastructure development, and rising disposable incomes.โฆ
Furfural Market to Reach Nearly USD 1 Trillion by 2030, Propelled by a 6.8% CAGR
Furfural Market size was valued at USD 630.2Mn in 2023. The Furfural Market revenue is growing at a CAGR of 6.8 % from 2023 to 2029, reaching nearly USD 998.30 Bn by 2030.
Furfural Market Overview:
The furfural market is centered around an organic compound derived primarily from agricultural byproducts such as corn cobs, sugarcane bagasse, and rice husks through a process of acid hydrolysis. As one of the oldest renewable chemicals,โฆ
Chemical Protective Clothing Market Valued at USD 1.57 Bn in 2024, Projected to โฆ
Chemical Protective Clothing Market size was valued at USD 1.57 Billion in 2024 and the total Chemical Protective Clothing revenue is expected to grow at a CAGR of 5.59% from 2025 to 2032, reaching nearly USD 2.42 Billion.
Chemical Protective Clothing Market Overview:
The Chemical Protective Clothing (CPC) market comprises garments and accessories specifically designed to shield workers from exposure to hazardous chemicals, liquids, and particulate matter across a wide range ofโฆ
Prefabricated Homes Market Valued at USD 18.58 Bn in 2024, Poised for 6.19% CAGR โฆ
Prefabricated Homes Market size was valued at USD 18.58 Billion in 2024 and the total Prefabricated Homes revenue is expected to grow at a CAGR of 6.19% from 2025 to 2032, reaching nearly USD 30.04 Billion.
Prefabricated Homes Market Overview:
The prefabricated homes market, also known as modular or off-site construction, involves the manufacturing of building components in a controlled factory environment before their assembly at the final location. This method revolutionizesโฆ
More Releases for Petroleum
Green Petroleum Coke and Calcined Petroleum Coke Market : An Overview
Introduction:
Green petroleum coke (GPC) and calcined petroleum coke (CPC) are key by-products of the oil refining process. GPC, a carbon-rich material, is used primarily as a fuel in industries such as power generation and cement manufacturing. When subjected to high temperatures, GPC is transformed into CPC, which finds applications in aluminum smelting, steel manufacturing, and titanium dioxide production. Both materials are critical in various industrial processes due to their highโฆ
Green Petroleum Coke and Calcined Petroleum Coke Market : An Overview
Introduction:
The green petroleum coke (GPC) and calcined petroleum coke (CPC) market is a critical segment of the global energy and materials industries. Green petroleum coke, a byproduct of crude oil refining, is an unprocessed carbon material used in various industrial applications. Calcined petroleum coke, produced by heating GPC at high temperatures, is primarily used in aluminum smelting, steel manufacturing, and chemical processes. With increasing demand for energy and industrial materials,โฆ
Petroleum Jelly Petroleum Jelly Market Innovative Strategy by 2031 | Major Giant โฆ
Petroleum Jelly Market: Introduction
Transparency Market Research delivers key insights on the global petroleum jelly market. In terms of value, the global petroleum jelly market is expected to expand at a CAGR of 4.26% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global petroleum jelly market.
Get a Sample Copy of the Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=72726
Petroleum jelly is used in theโฆ
Global Liquefied Petroleum Gas Market 2020 Business Strategies โ Chevron Corpo โฆ
The market report titled โLiquefied 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, 2018โ2025โ 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 ofโฆ
Natural Gas Market to Witness Huge Growth by 2025 | Qatar Petroleum, Sempra Ener โฆ
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 360ยฐ 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 forโฆ
Petroleum Coke Market Players British Petroleum, Marathon Petroleum Corporation
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. Differentโฆ
