In the future, demand from different industries for titanium dioxide, aluminum and steel will increase. The market is also growing owing to the adoption of advanced technology and increased implementation by major market players. Moreover, the market is expected to grow due to favourable government regulations for mitigating carbon emissions. The growing infrastructure in developing nations is expected to drive the growth of the calcined oil coke market on the global stage.
Global calcined Petroleum Coke Market is Segmented by Product Type, Application and Region. The fuel grade segment is expected to dominate the market, followed by the other two segments. The fuel grade segment is further subdivided into coal tar and carbon black. Other segments include calcined PETCOKE and anode-grade coke. Anode grade coal is used in the production of steel and graphite electrodes. The global calcined petroleum coke markets is further divided into five regions namely, North America, Europe, Asia Pacific, South America and Middle East Africa.
The global growth of the calcined oil coke market is primarily driven by the increase in construction expenditures and the demand for pre engineered buildings in emerging economies. It is particularly true for India where the combination of increased construction and growing population is driving an important portion of overall market.
Aminco, a global leader in calcined coke for the steel and aluminum industries, is committed to providing high-quality products at competitive prices. We have traditionally supplied this industry with traditional supplies sourced from Europe and the United States, but with the increase in demand over the last few years, we're expanding our global presence to offer the smelters more competitive prices and cokes with lower sulfur. Our customers are able to tailor feedstock solutions that meet their specific needs because we listen and fully understand them. Whether they require rotary or shaft calcined coke, we can deliver.
The global market for calcined petrol coke is expected to be driven by the increasing demand from developing economies in the automotive and rail sectors. This is particularly true in China, where steel consumption climbed 3.5% year-on-year and the aluminium market rose 4.9%. In addition, strict environmental regulations are forcing more smelters install SO2 scrubber systems. This is further stimulating the global sector of calcined petrol coke.
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