Keeping track of the calcined petroleum coke price per kg is essential to any business in the manufacturing sector. There are many factors that affect the price of calcined petroleum coke, including the price of raw materials, the cost of production and the demand for calcined petroleum coke.
Graphite electrodes are the most important raw material for the production of lithium-ion batteries. In order to produce an anode for lithium-ion batteries, two tonnes of petroleum coke are used. In order to produce an anode, the sulfur content in the needle coke should be reduced to less than 1.0 wt. %.
Increasing demand for electric vehicles is expected to boost the needle coke market during the pandemic period. Moreover, the rising lithium-ion battery capacity is expected to pressure the supply of anode-grade petroleum coke for the aluminium industry.
The global needle coke market is expected to grow at a CAGR of 9.8% from 2022 to 2031. The market is segmented on the basis of grade, application and region.
In the global needle coke market, the super-premium grade segment is projected to lead in terms of revenue in 2021. The super-premium grade needle coke has low sulfur content and high particle size. It also has a low coefficient of thermal expansion. It is also useful for steel production as an electrode.
Currently, the global cost of calcining petroleum coke is low. Calcined petroleum coke is an important raw material for the aluminum smelting industry. The coke is used to produce carbon anodes for aluminum smelting.
The cost of calcining petroleum coke per kg depends on the quality of coke. Higher quality cokes are traditionally preferred by the aluminum industry. However, the oil refining industry is decreasing the supply of suitable green petroleum coke. As a result, the demand for calcined petroleum coke is increasing.
The aluminum smelting industry is the largest consumer of calcined petroleum coke. The growth of the industry is expected to continue in the coming years. In addition, the demand for anode-grade coke is expected to increase.
The demand for calcined petroleum coke in the steel industry is also increasing. More smelters are blending coke from different suppliers to optimize economics.
The calcining industry is a highly energy-intensive industry. Consequently, effective management of the energy resource is crucial. Efficiency can be improved through the use of a waste heat energy recovery system. The system can recover heat from hot flue gas. This energy can be used to power a steam turbine generator. It also reduces natural gas consumption.
During the forecast period, the global calcined petroleum coke market is expected to register a 4.6% CAGR. This growth is attributed to the increase in global heavy crude oil supply. The increasing use of heavy crude oils as fuel in power generation is expected to drive the market.
During the forecast period, the calcined petroleum coke market is predicted to be driven by the growth in the cement and power industries in emerging economies. Additionally, the market is also predicted to be driven by the growth in the paints and coatings sector. The increase in the demand for aluminum is also projected to drive the market.
The report covers the global calcined petroleum coke (PC) market and focuses on various segments of the market. The report also provides qualitative and quantitative data in the form of market dynamics, market restraints, and market opportunities.
The global calcined petroleum coke market has been segmented by application, geographic region, and type. The fuel grade segment is expected to remain the dominant segment during the forecast period.
During the past few months, the market for Calcined Petroleum Coke (Petcoke) has been negatively affected by the COVID-19 pandemic. This has resulted in a decrease in demand for goods and services. The market for this calcined product is expected to reach $10 billion by 2025.
The global market for petroleum coke is largely dominated by the Asia Pacific region. The market is driven by growth in the construction industry in India. Moreover, China's infrastructural development and rising per capita income have also contributed to the increase in the demand for calcined petroleum coke.
The market is also expected to experience an upsurge due to a growing demand for electricity in emerging economies. However, the slowdown in the steel industry has had a negative impact on the business. This has resulted in a decline in the use of needle coke in the steel industry.
The global market for needle coke is expected to grow at a modest CAGR of 5% during the forecast period. Several manufacturers are also taking measures to enhance production capacity. The market is also expected to witness revenue opportunities in the lithium-ion battery industry.
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