In the European market, calcined petroleum coke was a hot commodity. Exports from Asia rose sharply. However, the North American market was still choked. In addition, the Suez Canal crisis temporarily restricted exports. While container shortages had already been a problem, freight charges increased as a result of the crisis.
The European market is one of the largest markets for calcined petroleum coke, and demand is expected to increase over the next few years. The demand for the product is expected to grow by a CAGR of 3.2% between 2018 and 2027, and is driven by its use in steel, aluminum, and titanium dioxide. The key markets for the product include Europe, North America, and Asia Pacific. The United States and China are expected to be the leading exporters and importers in this market over the next few years.
The calcined petroleum coke market is segmented by geography, application, and sulfur grade. The European region is subdivided into France, Germany, Italy, Spain, and Rest of Europe. The Asia Pacific region is further subdivided into Asia Pacific, South East Asia, and Middle East & Africa.
There are several ways to manufacture calcined petroleum coke. Most producers use one of four methods: electric heating forging furnace, rotary kiln, or tank calciner. Each has different processes and technologies. In a rotary kiln, heat is transferred directly between the materials and gases. This results in low ash content and high carbon content in CPC.
Petroleum coke is one of the most important components of prebaked carbon anodes. This product is created by processing crude oil residues in a process that uses high temperatures and four to five bar pressure. This process is known as delayed coking or green coke and is used to upgrade low-value fuels.
Calcined petroleum coke is an extremely aromatic material with varying levels of ash. It is used in a variety of industrial applications. It is used in the manufacture of plastics, paint, sunscreens, and food coloring. It is highly refractory and has excellent chemical properties.
Calcined petroleum coke is a low-cost and easily available filler material. This article describes the history of this material, different calcining technologies, and the impact of changes in crude oil and refining economics on its quality and availability.
The global calcined petroleum coke market is anticipated to grow at a steady rate over the next few years. However, there are some key factors that will influence the market's growth and development in the coming years. For example, increased construction spending will lead to increased demand for the material. Population growth is also expected to contribute to the market's growth.
The Asian Pacific region is predicted to account for 40% of the global calcined petroleum coke market by 2021. This is driven by rising infrastructure activity in countries such as Indonesia, Pakistan, and Singapore. In addition, India is expected to continue to increase its housing construction industry thanks to government initiatives such as "100 smart cities" and "Housing for all by 2022."
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