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Petroleum Coke Market Projected to Reach USD 51.66 Billion by 2030

01-07-2025 10:59 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Maximize Market Research Pvt. Ltd.

Petroleum Coke Market

Petroleum Coke Market

The global petroleum coke market, valued at USD 30.89 billion in 2023, is projected to reach USD 51.66 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.62% during the forecast period.

๐๐ž๐ญ๐ซ๐จ๐ฅ๐ž๐ฎ๐ฆ ๐‚๐จ๐ค๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ

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.

๐†๐ž๐ญ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/117548/

๐๐ž๐ญ๐ซ๐จ๐ฅ๐ž๐ฎ๐ฆ ๐‚๐จ๐ค๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ

๐‘ท๐’†๐’•๐’“๐’๐’๐’†๐’–๐’Ž ๐‘ช๐’๐’Œ๐’† ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ถ๐’‘๐’‘๐’๐’“๐’•๐’–๐’๐’Š๐’•๐’Š๐’†๐’” ๐’Š๐’ ๐‘ฝ๐’Š๐’†๐’•๐’๐’‚๐’Ž:

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.

๐‘ท๐’†๐’•๐’“๐’๐’๐’†๐’–๐’Ž ๐‘ช๐’๐’Œ๐’† ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ฎ๐’“๐’๐’˜๐’•๐’‰ ๐’Š๐’ ๐‘ป๐’‰๐’‚๐’Š๐’๐’‚๐’๐’…:

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.

๐‘ท๐’†๐’•๐’“๐’๐’๐’†๐’–๐’Ž ๐‘ช๐’๐’Œ๐’† ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ป๐’“๐’†๐’๐’…๐’” ๐’Š๐’ ๐‘ฑ๐’‚๐’‘๐’‚๐’:

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.

๐‘ท๐’†๐’•๐’“๐’๐’๐’†๐’–๐’Ž ๐‘ช๐’๐’Œ๐’† ๐‘ฐ๐’๐’…๐’–๐’”๐’•๐’“๐’š ๐‘ถ๐’‘๐’‘๐’๐’“๐’•๐’–๐’๐’Š๐’•๐’Š๐’†๐’” ๐’Š๐’ ๐‘บ๐’๐’–๐’•๐’‰ ๐‘ฒ๐’๐’“๐’†๐’‚:

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.

๐‘ท๐’†๐’•๐’“๐’๐’๐’†๐’–๐’Ž ๐‘ช๐’๐’Œ๐’† ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ป๐’“๐’†๐’๐’…๐’” ๐’Š๐’ ๐‘บ๐’Š๐’๐’ˆ๐’‚๐’‘๐’๐’“๐’†:

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.

๐‘ท๐’†๐’•๐’“๐’๐’๐’†๐’–๐’Ž ๐‘ช๐’๐’Œ๐’† ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ช๐’๐’๐’”๐’๐’๐’Š๐’…๐’‚๐’•๐’Š๐’๐’ ๐’Š๐’ ๐‘ผ๐’๐’Š๐’•๐’†๐’… ๐‘บ๐’•๐’‚๐’•๐’†๐’”:

The U.S. petroleum coke market is characterized by significant mergers and acquisitions. In May 2023, ๐„๐ฆ๐ข๐ซ๐š๐ญ๐ž๐ฌ ๐†๐ฅ๐จ๐›๐š๐ฅ ๐€๐ฅ๐ฎ๐ฆ๐ข๐ง๐ฎ๐ฆ (๐„๐†๐€) 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.

๐‘ท๐’†๐’•๐’“๐’๐’๐’†๐’–๐’Ž ๐‘ช๐’๐’Œ๐’† ๐‘ฐ๐’๐’…๐’–๐’”๐’•๐’“๐’š ๐‘ผ๐’‘๐’…๐’‚๐’•๐’Š๐’๐’ ๐’Š๐’ ๐‘ฌ๐’–๐’“๐’๐’‘๐’†:

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.

๐„๐š๐ ๐ž๐ซ ๐ญ๐จ ๐๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ ๐ฐ๐ก๐š๐ญ'๐ฌ ๐ฐ๐ข๐ญ๐ก๐ข๐ง? ๐’๐ž๐œ๐ฎ๐ซ๐ž ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ๐๐š๐ฒ: https://www.maximizemarketresearch.com/request-sample/117548/

๐Š๐ž๐ฒ ๐‘๐ž๐œ๐ž๐ง๐ญ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ

In May 2023, ๐„๐ฆ๐ข๐ซ๐š๐ญ๐ž๐ฌ ๐†๐ฅ๐จ๐›๐š๐ฅ ๐€๐ฅ๐ฎ๐ฆ๐ข๐ง๐ฎ๐ฆ (๐„๐†๐€) ๐š๐ง๐ ๐๐ initiated a collaboration to explore reducing the carbon content of calcined petroleum coke, potentially establishing a mixing facility in the UAE.

๐๐ž๐ญ๐ซ๐จ๐ฅ๐ž๐ฎ๐ฆ ๐‚๐จ๐ค๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:

๐›๐ฒ ๐“๐ฒ๐ฉ๐ž

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 .

๐›๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง

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.

๐–๐š๐ง๐ญ ๐š ๐œ๐จ๐ฆ๐ฉ๐ซ๐ž๐ก๐ž๐ง๐ฌ๐ข๐ฏ๐ž ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐š๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ? ๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐ญ๐ก๐ž ๐ฌ๐ฎ๐ฆ๐ฆ๐š๐ซ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/request-sample/117548/

๐๐ž๐ญ๐ซ๐จ๐ฅ๐ž๐ฎ๐ฆ ๐‚๐จ๐ค๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Œ๐š๐ฃ๐จ๐ซ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

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

๐ƒ๐ข๐ฏ๐ž ๐ข๐ง๐ญ๐จ ๐๐จ๐ฉ๐ฎ๐ฅ๐š๐ซ ๐ƒ๐ข๐ฌ๐œ๐ฎ๐ฌ๐ฌ๐ข๐จ๐ง๐ฌ:

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/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:

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

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

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