Global Foundry Coke Market, By Type (Ash Content < 8%, 8% < Ash Content < 10%, 10% < Ash Content), Furnace Size (600-1200 mm, 1200-1800mm, Above 1800mm), Process (Beehive Process, Product Recovery Process, Others), Type of Metal Smelting (Pig Iron, Copper, Zinc, Lead, Tin, Others), Application (Automotive Parts Casting, Machinery Casting, Insulation and others), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia And New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America UAE, Saudi Arabia, Egypt, Israel, South Africa, And Rest Of Middle East and Africa) Industry Trends and Forecast to 2028.
Data Bridge Market Research analyses that the foundry coke market will witness a CAGR of 5.2% for the forecast period of 2021-2028 and is likely to reach at USD 3900.00 million by 2028.
Foundry coke is chiefly used in iron foundries for the production of molten iron. It is the finest source of fuel in a couple of furnaces. It is also used for melting iron as it is used as a carbon source for the melted product. It is used for casting automobile parts, casting machinery and is used for insulation.
The usage of foundry coke in the cupola furnace is projected to be the key factor driving the foundry coke market forward. The rising global demand for insulating materials is expected to give growth impetus to participants in the foundry coke market during the projected period. The global market is expected to develop in response to rising demand for iron cast components in the automobile industry and the increase in demand for iron casting in the growth of the automotive industry.
Furthermore, the rise of the construction industry, as well as the rapid technological progressions being implemented and the increase in the use of innovative products, are expected to create ample opportunities for the foundry coke market.
However, the availability of substitutes and high research and development are expected to limit the foundry coke market for the forecast period of 2021-2028, whereas the government's regulatory laws is the major challenging factor for the foundry coke market.
This foundry coke market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on foundry coke market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Foundry Coke Market Scope and Market Size
The foundry coke market is segmented on the basis of type, furnace size, process, type of metal smelting and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the foundry coke market is segmented into ash content < 8%, 8% < ash content < 10%, and ash content >10%.
- Based on furnace size, the foundry coke market is segmented into 600-1200 mm, 1200-1800mm, and above 1800mm.
- On the basis of process, the foundry coke market is segmented into beehive process, by-product recovery process, and others.
- On the basis of type of metal smelting, the foundry coke market is segmented into pig iron, copper, zinc, lead, tin, and others.
- On the basis of application, the foundry coke market for foundry coke is segmented into automotive parts casting, machinery casting, insulation and others.
Foundry Coke Market Country Level Analysis
The foundry coke market is analysed and market size, volume information is provided by country, type, furnace size, process, type of metal smelting and application as referenced above.
The countries covered in the foundry coke market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the foundry coke market and will continue to flourish its dominance due to the increase in construction and rise of the automotive industry. Europe will continue to project the highest growth rate over the forecast period of 2021 to 2028 because of the rise in usage of pig iron for steel production.
The country section of the foundry coke market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Foundry Coke Market Share Analysis
The foundry coke market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to foundry coke market.
Some of the major players operating in the foundry coke market report are ArcelorMittal, OKK Koksovny, a.s., Nippon Coke and Engineering, Walter Energy, Shandong Coking Group, ABC Coke, Shandong Sunshine Focal Electric, Shanxi Coking Coal Group, Jiangsu Surun Highcarbon, GR RESOURCE, Shanxi Huifeng Xingye Group, Shanxi Antai, NalonChem, Henan Shenhuo, and Weifang Shengheng New Energy among others. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.