Market growth for global calcined oil coke continues at an impressive rate. This growth is largely due to the increased construction expenditure in developing countries. Another major driver of growth is the increased demand for metals in industry.
To grow their market presence, participants in the industry are making strategic decisions. These initiatives include new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations.
This report provides an overview of the major players on the global market for calcined Petroleum Coke. It offers reliable statistics on sales and market share analysis of the top players. In addition, the company profiles and strategic developments of key competitors are also evaluated.
Manufacturers of calcined petroleum coke are focused on manufacturing locally to cut operating costs. They are also interested in establishing long-term partnerships with direct end-use customers to render stable sales.
In countries like India or China, rapid industrialization is predicted to fuel the demand for calcined Petcoke. Demand will be boosted by the increasing production of automobiles and the infrastructure projects that are being developed in the area. As a result, Asia Pacific is estimated to hold the largest share of the market in 2022. Rising demand for petcoke in Europe due to energy needs is another factor driving the market.
COVID-19 has impacted supply chain of green and calcined coke due to tight regulatory measures, closures at plants and lack of workers. Nevertheless, aluminum and steel industries are driving the demand for calcined petroleum coke as a substitute to coal.
The demand for calcined petrol coke is expected to increase due to the increasing number of infrastructure development projects being undertaken in India, China and Singapore. In developing countries in Asia Pacific as well as Middle East & Africa, it is estimated that the petcoke market will be impacted by the increase of steel production.
The report contains an analysis in depth of the global calcined coke market, with insights about the key players, recent trends, opportunities for growth and the current state of affairs. Detailled revenue forecasts help to understand the current business climate and aid in strategic decision-making. The report contains a thorough analysis of market segments such as the primary market, derivative markets, intermediaries and raw material markets. Porter's 5 Forces, PESTLE, SWOT and other analyses of the global calcined coke market are prudently assessed.
The major market players are investing in R&D to increase their product lines, which will help them grow the global Calcined Petroleum Coke market. In addition, they are taking important market developments such as product launches, contract agreements, mergers, acquisitions, investments and collaborations with other organisations to increase their global presence. It will also help grow the overall market of calcined petro-coke, in a market that is competitive and growing.
Aluminum is one of the primary end-use industries for calcined petroleum coke. The growing market for calcined oil coke will be boosted by its widespread use in various industries, as well as the demand for fuel-efficient vehicles.
The calcined petrol coke market is also driven by an increase in construction expenditures and the demand for preengineered building (PEB) in Asia Pacific nations such as China and India. Additionally, progress made in the economy and the population of these countries is expected to drive the growth of this market.
A rising demand from the aluminum & steel and cement industries is driving growth in this market. Power plants and thermal plants are also major users of petcoke. In recent years, however, COVID-19 has severely affected operations in these industries.
In addition, the focus shifting towards renewable sources of energy is expected to provide significant growth potential for suppliers of petcoke. In the future, it is expected that efficient combustion technology will offer a viable substitute to conventional fossil fuels.
Asia Pacific is predicted to account for a considerable share of the global calcined-petcoke market. This will be due to an increase in infrastructural activity, such as road constructions and building. In addition, the population increase is driving a need for commercial and residential infrastructure.
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