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/
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