Petcoke Market is Projected to Expand at a xxxx% CAGR from 2019-2026
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2019 to 2026
According to the report, the global Petcoke market is valued at approximately USD xxxx million in 2019 and is expected to generate revenue of around USD xxxx million by 2026, growing at a CAGR of roughly xxxx% from 2019 and 2026.
Petroleum coke, abbreviated coke or petcoke, is a final carbon-rich solid material that derives from oil refining and is one type of the group of fuels referred to as cokes.
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Key Players:
Key players in the Petcoke market include BP, Chevron, CNPC, Royal Dutch Shell, Reliance Industries, Saudi Aramco, Indian Oil Corporation Ltd, Sinopec Corp, China National Offshore Oil Corporation, Oxbow, ThomasNet, Hickman, Williams & Company, Suncor, etc.
Market Driver and Restraint
Global heavy oil supply growth and development of the cement and power generation industries are expected to propel the growth of the petcoke market. The rapid industrialization and urbanization are also projected to fuel market growth. Petroleum coke has a relatively low ash content and minimal toxicity, so it is used on a large scale in various industries. Yet, strict environmental regulations for the use of petroleum coke due to its high sulfur content will restrain the growth of the market.
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Forecast by Geography
North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa are the key regional segments of the Petcoke market. Asia-Pacific held the major market share in 2018 and is anticipated to show significant growth during the forecast period. The growth in this region can be attributed to the growing population and rapid industrialization in developing countries. Due to the rapid development of industrialization, it is expected that emerging markets such as China and India are expected to witness high growth for petcoke market during the forecast period.
The Middle East & Africa petcoke market is anticipated to account for a significant increase during the forecast period, owing to the increase in fuel-grade coke supply in the region.
Type Segment Analysis
By product type, the Petcoke market is segmented into Calcined Petcoke and Fuel Grade Petcoke.
Application Segment Analysis
Petcoke is widely used in Aluminum, Steel, Power, Cement, and Others.
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Target Audience:
• Petcoke manufacturers
• Raw material suppliers of Petcoke
• Distributors and resellers of Petcoke
• Petcoke industry associations
• Product managers, Petcoke industry administrator, C-level executives of the industries
• Market Research and consulting firms
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