Foundry Coke Market, By Ash Content (Ash Content <8%, 8% < Ash Content < 10%, 10% < Ash Content), By Application (Automotive Parts Casting, Machinery Casting and Material Treatment), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Foundry Coke Market was valued at US$ 3.1 Billion in 2024 and is projected to grow at a CAGR of 5.30% to reach US$ 5.1 Billion by 2034.

Foundry coke, also known as metallurgical coke, is a type of carbonaceous material used in the production of iron and steel. It is a critical component in the process of creating hot metal through the reduction of iron ore in a blast furnace. Foundry coke is characterized by its high carbon content, low impurities, and strong mechanical properties, making it suitable for the demanding requirements of metal smelting.

Dividing this target market into segments:

Foundry Coke Market is segmented based on Ash Content, Application and Region.

Ash Content Insight

On the basis of Ash Content, the target market is segmented into Ash Content <8%, 8% < Ash Content < 10%, 10% < Ash Content.

Application Insight

On the basis of Application, the target market is segmented into Automotive Parts Casting, Machinery Casting and Material Treatment.

Regional Insights:

On region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

• North America market is estimated to witness a significantly high revenue share over the forecast period due to rising investment and funding. In North America, the U.S. has a mature steel industry, and demand for foundry coke is closely tied to activities in the construction, automotive, and manufacturing sectors. The transition towards electric arc furnaces in some steel plants may impact foundry coke consumption.
• Asia Pacific market is estimated to witness a fastest revenue share over the forecast period. The Asia-Pacific region, with a growing economy and increasing infrastructure projects, India represents a substantial market for foundry coke. The country's steel industry relies heavily on blast furnace technology, contributing to the demand for foundry coke

Report Scope:

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.

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The key players operating the Foundry Coke Market includes, Drummond Company Inc., Nippon Coke & Engineering Company Limited, ArcelorMittal, Erie Coke Corporation, Italiana Coke S.R.L., CARBO-KOKS Sp z o.o. and Hickman, Williams & Company, Walter Energy, Shandong Coking Group, GR RESOURCE LTD.

Strategic Acquisitions and Partnership News,

• In September 2023, Foundry Partners LLC Acquired Stake in Coca-Cola Consolidated: A Sign of Confidence and Growth Potential. At the end of the reporting period, Foundry Partners LLC owned just 0.06% of Coca-Cola Consolidated, therefore this acquisition reflects a minor ownership interest in the company. However, this action by Foundry Partners LLC shows that they are optimistic about the company's future and that they think Coca-Cola Consolidated has room to grow and turn a profit.

• Drummond Company Inc.
• Nippon Coke & Engineering Company Limited
• ArcelorMittal
• Erie Coke Corporation
• Italiana Coke S.R.L.
• CARBO-KOKS Sp z o.o. and Hickman
• Williams & Company
• Walter Energy
• Shandong Coking Group
• GR RESOURCE LTD.