Calcined petroleum coke is a high purity carbon material which is used for several applications. It is widely used in carburizing process for manufacturing electric arc and induction furnaces electrodes. Other applications include foundry additives, carbon brushes and brake and friction products.
Petroleum coke is available in different particle sizes from 20 meshes to 3 microns. The calcination process raises temperatures to 1200-1260degC. This process depends on the quality of the raw cokes. After the calcining process, the coke is further cooled with natural draft air or water quenching.
There are several companies operating in the calcined petcoke market. These companies supply calcined petcoke to the end-use industry players. They also offer research and development services. Some of the important companies are Chevron Corporation, HPCL-Mittal Energy Limited, Atha Group, Essar Oil Ltd. and Henze International LLC. Their main focus is on the supply and distribution of calcined petcoke to various end-use industries.
The growth in the global calcined petcoke market is expected to be driven by the growing construction and construction related expenditure, rapid urbanization, population explosion and industrialization. Furthermore, increasing demand for pre-engineered buildings is likely to boost the global market for calcined petcoke. In addition to this, increased imports of calcined petcoke is predicted to contribute to the global market growth.
Although the global calcined petcoke industry has been dominated by the Asia Pacific region, the United States has become the leading producer and exporter of calcined petroleum coke. However, there is a high potential for the market in the Asia Pacific. China and India are projected to witness an increase in population, and are expected to become major markets for the market. Moreover, rapid industrialization is also expected to drive the growth of the market in these countries.
One of the key factors that could restrain the growth of the calcined petcoke market is the high cost of raw materials. In addition, the ban on coal mining is also a factor that could hinder the growth of the market. Apart from this, environmental concerns could also have a negative impact on the demand for the product.
The global calcined petroleum coke market is expected to be characterized by the presence of several major players. However, the major share of the market is expected to be held by the U.S. as the country has been witnessing a substantial rise in the metal industry and oil and gas industry. Additionally, there is a high probability of expansion of the steel industry, and economic development is a primary driver of the market. Also, the upcoming application of aluminum is likely to contribute to the market growth.
Several technological innovations are targeted towards promoting the growth of the global calcined petcoke marketplace. These include production of intermediate grade needle coke by utilizing novel manufacturing processes that enhance its properties. Another application is the production of graphite electrodes for electric arc and induction furnaces. The resulting material is stabilized with an improved crystalline structure.
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