The growth of the global market for calcined petrol coke is due to an increase in opportunities within various industries including steel, paints and coated, fertilizers, etc. This market is primarily driven by the rise in steel production globally and rapid industrialization in emerging economies of Asia Pacific. Demand for petcoke is also influenced by the expansion of power and cement industries. A shift to anode or needle grade petroleum coke is anticipated to drive market growth.
The global market for calcined petcoke has, however, been negatively affected by the COVID-19 epidemic. Transport limitations and curfews have hindered industrial production, which is reducing the demand for green and calcined petcoke. The ongoing epidemic is expected to slow the growth of the industry in the coming years, as it will also halt crude oil and gas production and transportation.
A number of companies are expanding the capacity of their calcined oil coke to satisfy the ever-growing demand in end use industries. The market has become more competitive as a result. In addition, they invest heavily in R&D in order to strengthen their positions in the marketplace and expand their product offerings.
Geographically, North America has the largest export and consumption of calcined oil coke. This region has highly advanced refineries which produce coke using crude oil. The region is also home to delayed coking units, which are a key process for converting petroleum into petroleum coke.
The rising infrastructure development across the Middle East and Africa is likely to augment the calcined petroleum coke demand. The growing construction activities of developing Asia Pacific nations are also expected to boost the market's growth. Market growth is also driven by the increased demand for PEBs and spending on housing.
In the petrochemical sector, calcined petroleum coke can be used to replace natural gas or coal. It is an essential raw material in the production of a wide range of products, such as methanol, urea, and butane. It's also used to synthesize many chemical products like acetone, phenol, and butane.
This report provides a detailed insight into market dynamics, trends, and segmentation. It incorporates Porter's Five Forces Model and Market Attractiveness Analysis to provide a holistic assessment of the market for strategic planning. This report includes profiles on the key players in this industry, highlighting their financial and business performance. In-depth analysis of the competitive landscape for global calcined petrol coke and estimates for market shares are included. This report is a valuable tool for the executives and investors in this field, as it helps them identify the most lucrative areas for investment. The extensive research methodology used in this report helps readers to better understand key market factors, such as drivers, constraints, and opportunities.
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