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Demand from Cement and Power sector drives Petcoke Industry uphill: DecisionDatabases.com
Posted On: Dec 2023
DecisionDatabases.com offers a latest research report on “Global Petcoke (Petroleum Coke) Market Research Report - Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2014 – 2021”. The research study is a comprehensive assessment of the global petcoke (Petroleum Coke) market studying the market attractiveness analysis based on the market size, profit margin, growth rate, and availability of raw materials, competition, and other factors such as social and legal constraints.
Petcoke (petroleum coke) obtained from oil refineries are an important and reasonable source of energy for industries such as cement kilns, power generation etc. The high content of carbon in petcoke makes it a high source of energy. The pricing of petcoke is a trade-off between demand (cement, power plant, steel, aluminium industries etc.) and supply (oil refineries, coking units etc.). Petcoke being a low value by product for oil refineries is essential to be disposed of the high cost storage units; while the demanding industries seek pet coke has a low cost alternative to coal.
The petcoke (petroleum coke) market has further been segmented based on type such as fuel grade coke and calcined coke. The petcoke (petroleum coke) market has been segmented based on application such as power generation, cement kilns, calcination and others (including fertilizers and paper industry). In terms of geography, the petcoke (petroleum coke) market has been segmented into regions such as North America, Europe, Asia Pacific, and Rest of the World.
The regional analysis of the report foresees huge demand from Asia Pacific region owing to its growing economies. The high population in this region leads to high demand for electricity and construction. U.S is the largest exporter in the petroleum coke market as per historical data. European region also houses a huge demand for petcoke for its power demands. Latin American & Middle East region due to its rising infrastructure and population are becoming a significant market for petcoke.
The report also offers a competitive landscape of the overall market with company profiles of players such as BP Plc, Chevron Corporation, Essar Oil Ltd., ExxonMobil Corporation, HPCL - Mittal Energy Ltd., Indian Oil Corporation Ltd., Reliance Industries Ltd., Royal Dutch Shell Plc, Saudi Arabian Oil Co. and Valero Energy Corporation.
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