Press release
Petroleum Coke Market worth US$ 26.0 Billion Globally by 2021
New York, March 01: Marketresearchengine has released its latest research, “Petroleum Coke Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2021” with latest market insights. Petroleum coke is a by-product of the oil refining process. As refineries worldwide seek to operate more efficiently and extract more gasoline and other high value fuels from each barrel of crude oil, a solid carbon material known as ‘Petcoke’ is produced.Browse Full Report here: https://www.marketresearchengine.com/reportdetails/global-petroleum-coke-market
Petroleum coke can be further categorized into green coke or calcined coke. Green coke is the initial product obtained from the cracking and carbonization of the feedstock to produce a substance with high carbon hydrogen ratio. Green coke is further processed to produce calcined coke. Additional processing eliminates the volatile matter and increases its electrical conductivity.
Uses of Petroleum Coke
Petroleum coke is typically used as a source of energy, or as a source of carbon for industrial applications. Fuel grade petcoke represents nearly 80 percent of worldwide production and is a source of fuel for cement kilns and electric power plants. Calcined petcoke has the highest carbon purity and is used to manufacture energy, as well as in the aluminum, graphite electrode, steel, titanium dioxide and other carbon consuming industries.
The report analyzes two major segments in the petroleum coke market – fuel grade coke and calcined coke. The former is projected to remain the predominant segment globally because it is regarded as being more cost competitive than coal and natural gas. Petroleum coke has made significant inroads in the cement and power industry and has started giving competition to coal. Petroleum coke is an excellent, inexpensive product to blend with coal in traditional coal fired boilers.
The report mentions and profiles the top companies that operate in the global petcoke market, namely BP Plc, Chevron Corporation, ExxonMobil Corporation, Saudi Arabian Oil Company, Valero Energy Corporation, Essar Oil Ltd, Indian Oil Corporation Limited, Reliance Industries Limited.
Download Free Sample Report: https://www.marketresearchengine.com/requestsample/global-petroleum-coke-market
The global petcoke market is segmented as follows:
Petroleum Coke Market: by Product Type Analysis
• Fuel Grade Coke
• Calcined Coke
Petroleum Coke Market: by End Use Segment Analysis
• Calcining
• Power Plants
• Cement Kilns
• Blast Furnace
Petroleum Coke Market: by Regional Analysis
• North America
• Europe
• Asia Pacific
• Rest of the World (RoW)
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