Several factors are expected to drive the global calcined petroleum coke market in the coming years. A major driving force is a rising demand for products related to aluminium or steel. The use of petroleum koke in place of gasoline as fuel is another major factor. Growing infrastructure developments in developing areas are expected to boost demand even more.
COVID-19 has caused a major impact in the industrial sector around the world. It has caused a drop in production of raw materials, and an increase in labor shortages. The lockdown in the oil and gas industry has also hampered production of petcoke. This has resulted in a reduction of the supply of calcined petcoke, which in turn has negatively affected the growth rate on the market.
As a result, the prices of calcined petroleum coke have increased significantly. As a result, the price of aluminum and coke has also increased. Buyers are currently paying an additional USD $50 per mt for coke compared to Q1 prices.
These increases in price will last only a short time and they are expected to fall as the economy recovers. As a result, buyers are being cautious and have started to negotiate the pricing. Many of these buyers have also begun to consider importing the calcined oil coke rather than purchasing it from US markets.
Aminco's geographic diversification has allowed it to minimize these fluctuations in supplies by working with its smelter customer to identify their problems. Aminco works closely with its suppliers in order to guarantee that the product quality is up to date and meets customer needs.
Type, region and application are the three segments of the global market for calcined petrol coke. Types include needle coke (also known as shot coke), sponge coke and needle coke. Further, the market is segmented based on applications such as fuel grade or calcined grades. North America is analysed, as well as Europe, Asia-Pacific, LAMEA and North America. The market has been analyzed by region in terms of volume and revenue.
This report includes a detailed analysis of the competitive landscape, including profiles of the key players operating in the global industry for calcined Petroleum Coke. This profile contains the following: overview, financial results, products, and services provided by the firm. This report provides an in-depth analysis of Porter's Five Forces and the value chains within the industry. This report includes a study of current and future market trends for calcined petrol coke, with an emphasis on how they impact the potential growth of the industry. Forecasts indicate that the market will grow between 2019 and 2028. The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report is a compilation of primary and secondary research. This report is based on a survey of industry professionals and secondary research conducted with trade magazines, analysts, and vendors.
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