Global Green Petroleum Coke and Calcined Petroleum Coke Market, By Type (Fuel Grade, and Calcined Coke), Application (Green Petroleum Coke, and Calcined Petroleum Coke) - Industry Trends and Forecast to 2030.
Green Petroleum Coke and Calcined Petroleum Coke Market Analysis and Size
The increasing demand for green petroleum coke in the electronic and ceramics, steel, and cement industries is the major driver for the market’s growth. In addition to this, the various benefits of petroleum coke such as safe handling and transportation coupled with lox toxicity are also anticipated to act as key determinants favoring the growth of the petroleum coke and calcined petroleum coke market.
Also, the factors such as electricity generation by green and calcined petroleum coke and favorable policies by the government associated with the green and sustainable environment are expected to generate new opportunities for the petroleum coke and calcined petroleum coke market. However, the fluctuating prices of crude oil are projected to act as key restraint towards petroleum coke and calcined petroleum coke market growth rate, whereas the factors such as the ban on coal mining can challenge the growth of the petroleum coke and calcined petroleum coke market in the above mentioned forecast period.
Data Bridge Market Research analyses that the global green petroleum coke and calcined petroleum coke market which was USD 15.23 billion in 2022, would rocket up to USD 28.81 billion by 2030, and is expected to undergo a CAGR of 8.3% during the forecast period of 2023 to 2030.
“Calcined Petroleum Coke” dominates the application segment of the green petroleum coke and calcined petroleum coke market as it has a wide range of applications in industries such as aluminum, steel, and titanium dioxide production. Calcined Petroleum Coke offers desirable properties like high carbon content, low impurities, and consistent quality, making it an ideal choice for these industries. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
Green Petroleum Coke and Calcined Petroleum Coke Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Kilo Tons, Pricing in USD
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Segments Covered
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Type (Fuel Grade, and Calcined Coke), Application (Green Petroleum Coke, and Calcined Petroleum Coke)
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Countries Covered
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North America (U.S., Canada, and Mexico), South America (Brazil, Argentina, and Rest of South America), Europe (Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, and the rest of Europe), Asia-Pacific (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific), Middle East and Africa (U.A.E, Saudi Arabia, Egypt, South Africa, Israel, and the rest of Middle East and Africa)
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Market Players Covered
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Pupan Ferro Alloys Pvt. Ltd (India), Oxbow Corporation (U.S.), Chevron Corporation (U.S.), Rain Carbon Inc (U.S.), Valero Energy Corporation (U.S.), Oxbow Animal Health (U.S.), LyondellBasell Industries Holdings B.V (Netherlands), Saudi Arabian Oil Company (Saudi Arabia), Marathon Petroleum Corporation (U.S.), Exxon Mobil Corporation (U.S.), China National Petroleum Corporation (China), PBF Energy (U.S.), ICI Suisse SA (Switzerland), American Petroleum Institute (API) (U.S.), Baiyun Carbon Co., Ltd (China), Petroliam Nasional Berhad (PETRONAS) (Malaysia), LUKOIL (Russia), Hunan Xintan New Material Co., Ltd (China), and Graphite India Limited (India).
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Market Opportunities
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Market Definition
Green petroleum coke is a carbonaceous solid residue consisting hydrocarbons and low levels of inorganic compounds, which is produced by the thermal decomposition of petroleum fractions. The calcined petroleum coke, on the other hand, is formed through a calcination process, under which the green petroleum coke of high quality is placed into rotary kilns, where it is heated to remove volatile matter, excess moisture, impurities, extract hydrocarbons and modify the crystalline structure of the coke, making it a denser more electrically conductive product which is further used to make carbon anodes. Green and calcined petroleum coke are important sources in various applications.
Global Green Petroleum Coke and Calcined Petroleum Coke Market Dynamics
Drivers:
- Increasing demand from the aluminum Industry: The aluminum industry is a major consumer of calcined petroleum coke due to its use as a carbon additive in the production of anodes for aluminum smelting. As the demand for aluminum continues to rise globally, driven by sectors such as automotive, construction, and packaging, the demand for Calcined Petroleum Coke is expected to grow.
- Growing steel industry: The steel industry is another significant consumer of Calcined Petroleum Coke. It is used as a carbon additive in the production of steel, enhancing its strength and reducing energy consumption during the steelmaking process. With infrastructure development, urbanization, and industrialization in emerging economies, the steel demand is increasing, driving the demand for calcined petroleum coke.
- Expanding cement industry: The cement industry uses Green Petroleum Coke as a cost-effective fuel source in cement kilns for energy generation. With the rising construction activities and infrastructure development globally, especially in emerging economies, the demand for cement is increasing. This, in turn, fuels the demand for Green Petroleum Coke as a fuel source, driving market growth.
2. Restraints:
- Environmental regulations and concerns: Stricter environmental regulations aimed at reducing carbon emissions and promoting cleaner energy sources can impact the market. Green Petroleum Coke and Calcined Petroleum Coke are derived from fossil fuels and can have a high carbon footprint. Increased regulatory pressure to reduce greenhouse gas emissions may lead to a decline in the market as industries explore cleaner alternatives.
- Volatile crude oil prices: The prices of crude oil, from which petroleum coke is derived, can be highly volatile. Fluctuations in crude oil prices can impact the profitability of petroleum coke producers and affect their competitiveness in the market. Uncertainty in pricing and availability of feedstock can hinder market growth.
3. Opportunities:
- Advancements in energy production: Green petroleum coke is being increasingly used as a feedstock in power generation and other energy production processes. As the global energy demand continues to rise, there is a growing focus on diversifying energy sources and reducing reliance on fossil fuels. Green petroleum coke provides an alternative energy source due to its high carbon content, thereby driving market growth.
- Increasing demand for high-quality coke: With stricter environmental regulations and a focus on sustainable practices, there is a rising demand for high-quality green petroleum coke and calcined petroleum coke with low sulfur and metal content. Manufacturers are investing in technologies to improve the quality of coke, making it more desirable in various applications, thus driving market growth.
4. Challenges:
- Shift towards renewable energy sources: The global shift towards renewable energy sources and the increasing adoption of clean technologies can pose a challenge to the petroleum coke market. As renewable energy becomes more accessible and cost-effective, industries may transition away from fossil fuel-based energy sources, reducing the demand for green petroleum coke and calcined petroleum coke as fuel or carbon additives.
- Emerging technologies and substitutes: The development of alternative technologies and substitutes poses a challenge to the petroleum coke market. Advancements in energy storage, electric vehicles, and clean technologies may reduce the dependence on traditional fuel sources, affecting the demand for petroleum coke. The emergence of substitute materials and processes in various industries may provide more sustainable and cost-effective alternatives, leading to a decline in market demand.
This green petroleum coke and calcined petroleum coke market report provide details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the 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, geographic expansions, technological innovations in the market. To gain more info on the Green petroleum coke and calcined petroleum coke market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Recent Development
- In August 2022, Sanvira Carbon FZC LLC completed the construction of Oman's first calcined coke project for a 150 million Dollar project, which aims to contribute significantly to the production of calcined petroleum coke. With an annual capacity of around 600,000 tonnes, the project will help reduce the dependence on imported calcined coke and aligns with the Omani government's objective of developing the manufacturing sector. The construction works, handled by Johnson Arabia, included mechanical, electrical, and plumbing aspects, with the installation of roofing and steel structures
Global Green Petroleum Coke and Calcined Petroleum Coke Market Scope
The green petroleum coke and calcined petroleum coke market is segmented on the basis of type, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Fuel Grade
- Calcined Coke
Application
- Green Petroleum Coke
- Calcined Petroleum Coke
Green Petroleum Coke and Calcined Petroleum Coke Market Regional Analysis/Insights
The green petroleum coke and calcined petroleum coke market is analysed and market size insights and trends are provided by source, grade, and application and are referenced above. The countries covered in the green petroleum coke and calcined petroleum coke market report are U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America in South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, and the rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific in Asia-Pacific, and U.A.E, Saudi Arabia, Egypt, South Africa, Israel, and the rest of the Middle East and Africa in Middle East and Africa.
Asia-Pacific dominates the green petroleum coke and calcined petroleum coke market because of the rising population which results in growing demand from the construction sector and rapid industrialization within the region
North America is expected to be the fastest growing market during the forecast period of 2023 to 2030 owing to its rising usage from the increasing investments in oil and gas refineries within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Green Petroleum Coke and Calcined Petroleum Coke Market Share Analysis
The green petroleum coke and calcined petroleum coke market competitive landscape provides details by competitors. 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 the green petroleum coke and calcined petroleum coke market.
Some of the major players operating in the green petroleum coke and calcined petroleum coke market are:
- Pupan Ferro Alloys Pvt. Ltd (India)
- Oxbow Corporation (U.S.)
- Chevron Corporation (U.S.)
- Rain Carbon Inc (U.S.)
- Valero Energy Corporation (U.S.)
- Oxbow Animal Health (U.S.)
- LyondellBasell Industries Holdings B.V (Netherlands)
- Saudi Arabian Oil Company (Saudi Arabia)
- Marathon Petroleum Corporation (U.S.)
- Exxon Mobil Corporation (U.S.)
- China National Petroleum Corporation (China)
- PBF Energy (U.S.)
- ICI Suisse SA (Switzerland)
- American Petroleum Institute (API) (U.S.)
- Baiyun Carbon Co., Ltd (China)
- Petroliam Nasional Berhad (PETRONAS) (Malaysia)
- LUKOIL (Russia)
- Hunan Xintan New Material Co., Ltd (China)
- Graphite India Limited (India)
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