Petrol coke, a byproduct of refining oil, is used in many industries. The material, which is made of carbon with a very high degree of purity, has multiple applications. It is composed mainly of hydrogen and carbon, but also contains small amounts of sulfur. The low amount of ash makes this fuel a good choice for industrial and power processes. A high amount of carbon is also present, making it a suitable fuel to use for producing metals and chemicals.
Currently, calcined petroleum coke is used mostly in the production of aluminum anodes for aluminum smelting. This process uses it as a carbon-based additive to reduce the energy used in the aluminum smelting. It is also used in the production of titanium dioxide, which is a pigment for plastics, paints and food coloring. In Asia Pacific this is an industry with a very high growth rate, because governments there are increasing manufacturing and construction.
Global calcined Petcoke Market is Segmented by Type (needle, shot, and sponge coke), Application (fuel, aluminium, bricks, glass, titanium dioxide, and cement) and Geography (North America Europe APAC and RoW). The competitive landscape section provides an overview of the key players in the market. The section contains company finances, product portfolios, business strategies and recent developments.
As the calcined coke market grows, leading players continue to invest in cutting-edge technologies that will enhance their processes and broaden the range of products. In the future, these new products should support the growth of the calcined petroleum coke market.
The market for calcined petrol coke is also growing due to the increasing demand for aluminium from the infrastructure and urbanization of emerging economies. Aluminium's high ductility as well as its anti-corrosion properties and lightweight contribute to it being widely used in many different sectors.
Demand from the steel market has also been a driving force for the market. This industry has a large demand for calcined oil coke, which is used to make iron alloys or as a fuel alternative for blast-furnaces. COVID-19 in 2020 affected steel industry operations. Infrastructure development, government initiatives like 100 smart towns and Housing for All By 2022, as well as a growth in housing for all by 2022, will drive the market over the forecast.
Calcined petroleum coke, which has a high electrical and thermal conductivity is the preferred choice for making graphite. Graphite can be used to make electronics, batteries, and for the aerospace industry. The graphite produced from calcined coke contains more sulphur than the natural material. It's also stable and it has a much lower melting temperature, so is suitable to manufacture electrical insulators. The carbon in the calcined coke of petroleum is also similar to graphite. This makes it an excellent alternative to natural graphite. This is also an affordable alternative to coal and other carbon-based sources.
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