Petroleum Coke Market Overview
Petroleum coke is a product of the coker process in oil industry, in its raw form it is known as "green coke" or green petroleum coke, petroleum coke can be fired in a fluidized bed boiler with a mixture of coal or heavy oil, it can be fired as the sole fuel, petroleum coke is a carbonaceous material obtained in the oil refining process and extracted from many different product barrels, Apart from petrol, diesel and jet fuel, crude oil. It is abbreviated as coke or petcoke and is the carbon-rich solid obtained from the final cracking process, a thermo-based chemical engineering process that splits long-chain petroleum hydrocarbons into shorter chains that occur in coker units. Calcinable or green petcoke and fuel grade petcoke are two specific grades of petroleum coke, petroleum coke is a solid, carbon material used as a fuel source in power plants, petcoke is a highly stable fuel, meaning it has a low risk of ignition during transport, but when it burns it releases high content, 10% more CO2 per unit of energy than conventional coal. Green petroleum coke is obtained by processing liquid fractions in delayed coking units, it has a high fixed carbon content with hydrocarbons and low levels of inorganic compounds. Increased production of steel is expected to fuel the growth of the petroleum coke market, with increasing demand for railways, highway construction and automobiles increasing steel production globally.
Petroleum Coke Market Dynamics
Petroleum coke market is primarily driven by the growing demand for fuel grade petroleum coke, both from the cement and power generation industries. Petcoke is corrosion resistant, lightweight and flexible and has excellent electrical and thermal conductivity, besides, increasing growth of electronic industry is expected to increase the market for petcoke. Petroleum coke used as a power source by power plants has a major impact on global energy demand, growth of cement and construction industry is another driving factor for petroleum coke market growth. And on the other hand, the Environmental Protection Agency does not classify petroleum coke as a hazardous material, although high levels of sulfur have been found to adversely affect aquatic and terrestrial environments. Although there are no specific regulations for petroleum coke industries, environmental regulations are the main restraint for the market. Moreover the market is influenced by highly volatile fuel prices and this is a major challenge for the market.
Technological advancement
Manufacturers involved in the petroleum coke market are developing advanced versions of their products due to the technological advancements of the new era. Major petroleum coke players are investing more in power systems and creating more modern, time-saving, cost-effective technologies that are positively impacting the petroleum coke market. Advances in technology that have led to increased oil production are driving the market globally, fuel grade petroleum coke is predicted to benefit from the total replacement of steam coal by technologically advanced boiler designs. In 2022, Indian companies are importing significant quantities of petroleum coke from Venezuela for the first time, trade sources and shipping data show, as the OPEC nation boosts exports not typically targeted by US sanctions. Indian companies imported at least four cargoes of 160, 00 tons of petroleum coke between April and July.
Petroleum Coke Market Segmentation
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
The Petroleum Coke Market is segmented based on type, application, end user and region.
Petroleum Coke Market, By Type
On the basis of type, the Petroleum Coke Market is segmented into Fuel Grade and Calcined Coke. Among type, coke calcination is a process that involves heating green petroleum coke to remove volatile matter and purify the coke for further processing. Calcined coke is important to the aluminum industry, where it is used to make carbon anodes for aluminum production. Fuel grade coke is expected to benefit from the complete replacement of steam coal by technologically improved boiler designs.
Petroleum Coke Market, By Application
On the basis of application, the target market is classified into aluminum and other metals, cement, storage, steel, power and others. In Application, the use of aluminum as a carbon and energy source may lead to increasing demand for fuel for firing cement kilns, rising demand from aluminum and steel industries is projected to drive the demand.
Petroleum Coke Market, By End User
On the basis of type, he petroleum coke market is segmented into calcining, power plants, cement kilns, blast furnaces, and others. Coke calcining plants receive green petroleum coke from oil refineries, petroleum coke is used as energy source in cement industry.
Regional Insights:
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
On region the Petroleum Coke Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific is the largest regional market in terms of demand in the near future. Rising demand for energy and increasing supply of heavy oils and steady economic growth in the region will drive the market in the Asia Pacific region, growing cement and power industries
Report Scope:
|
Attribute |
Details |
|
Base year for estimation |
2022 |
|
Forecast period |
2022 – 2032 |
|
Market representation |
Revenue in USD Billion & CAGR from 2022 to 2032 |
|
Market Segmentation |
By Type - Fuel Grade and Calcined Coke By Application - Aluminum & Other Metals, Cement, Storage, Steel, Power, and Others By End User - Calcining, Power Plants, Cement Kilns, Blast Furnaces and Others |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Recent Developments:
- In September 2022, More shipments of fuel oil, methanol and petroleum coke boosted Venezuela's August oil exports to the second highest level this year Venezuela's oil production and exports have fallen this year and continued power and gas outages have affected state oil company PDVSA's facilities.
- In August 2022, Indian companies are importing significant quantities of petroleum coke from Venezuela for the first time, trade sources and shipping data show, as the OPEC nation boosts exports not specifically targeted by US sanctions.
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Petroleum Coke Market report based on type, application, end user and region:
Petroleum Coke Market, By Type:
- Fuel Grade
- Calcined Coke
Petroleum Coke Market, By Application:
- Aluminum & Other Metals
- Cement
- Storage
- Steel
- Power
- Others
Petroleum Coke Market, By End User:
- Calcining
- Power Plants
- Cement Kilns
- Blast Furnaces
- Others
Petroleum Coke Market, By Region:
-
-
- North America
-
- U.S.
- Canada
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- North America
-
Petroleum Coke Market Key Players
The key players operating the Petroleum Coke Market includes,
- HPCL-Mittal Energy Limited is an unlisted public company incorporated on 13 December 2000. It is classified as a public limited company and is located in Bathinda, Punjab. The company manufactures polypropylene, sulphur, liquefied petroleum gas aviation fuel and petroleum coke products.
- Chevron Corporation, the company produces crude oil, natural oil, natural gas and many other essential products. Chevron is one of Nigeria's largest oil producers and one of its largest investors.
- BP Plc commonly known as British Petroleum is one of the largest integrated oil and gas companies in the world. BP is a British multinational oil and gas company headquartered in London, England.
- Valero Energy Corporation is a Fortune 500 international producer and marketer of transportation fuels, other petrochemical products and energy.
- Reliance Industries Limited is an Indian petroleum company specializing in oil and energy, one of the largest private sector companies. It is based in Ahmedabad, Gujarat, India and has interests in the downstream oil business.
- Aminco Resource established in 1986, Amino Resources core focus is supplying carbon materials as well as complementary products to the primary aluminum and steel industries.
- Indian Oil Corporations are major integrated oil companies that play a role in the entire petroleum value chain from oil exploration and production to transportation, refining and marketing.
- Nippon Coke & Engineering sells coal, petroleum, coke, construction materials and industrial machinery. The company also sells environmental systems and manages plant engineering services.
- ConocoPhillips is an international, integrated energy company, the third largest integrated energy company in the United States, the largest refiner in the world by market capitalization, oil and gas proven reserves and production, and the world's largest refiner.
- Sumitomo Chemicals is a general trading company, the company imports and exports a wide variety of goods such as metals, machinery, chemicals, fuels, food products and textiles.
Petroleum Coke Market Company Profile
- HPCL-Mittal Energy Limited*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Chevron Corporation
- BP Plc
- Valero Energy Corporation
- Reliance Industries Limited
- Aminco Resource
- Indian Oil Corporation
- Nippon Coke and Engineering
- ConocoPhillips
- Sumitomo Chemicals.
“*” marked represents similar segmentation in other categories in the respective section
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Petroleum Coke Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Types
- Key Thickness Insights
- Secondary Data
- Major Secondary Types
- Secondary Types
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By End User
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Petroleum Coke Market, By Type
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Fuel Grade
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Calcined Coke
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Petroleum Coke Market, By Application, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Aluminum & Other Metals
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Cement
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Storage
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Steel
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Power
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Petroleum Coke Market, By End User, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Calcining
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Power Plants
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Cement Kilns
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Blast Furnaces
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Petroleum Coke Market, By Region, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End User, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End User, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End User, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End User, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End User, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- HPCL-Mittal Energy Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Chevron Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- BP Plc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Valero Energy Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Reliance Industries Limited
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Aminco Resource
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Indian Oil Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Nippon Coke and Engineering
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- ConocoPhillips
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sumitomo Chemicals
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
Petroleum Coke Market is segmented into basis of on type, application, end user and region.
Petroleum coke market is primarily driven by the growing demand for fuel grade petroleum coke, both from the cement and power generation industries
Asia-Pacific is the largest regional market in terms of demand in the near future. Rising demand for energy and increasing supply of heavy oils and steady economic growth in the region will drive the market in the Asia Pacific region, growing cement and power industries.
The Key players operating in the Petroleum Coke Market includes HPCL-Mittal Energy Limited, Chevron Corporation, BP Plc, Valero Energy Corporation, Reliance Industries Limited, Aminco Resource, Indian Oil Corporation, Nippon Coke and Engineering, ConocoPhillips, Sumitomo Chemicals.