The global calcined Petroleum Coke market can also be classified by type, physical format, and application. On the basis of type, it can be divided into fuel-grade, needle-grade, or anode coke. Anode-grade calcined petrol coke is expected to grow rapidly in the global market over the forecast period, due to an increase in demand from the aluminum and steel industries. The fuel-grade calcined petroleum coke is used as a calorific fuel in cement and power plants. Fuel-grade, calcined, petroleum coke is used in cement and electricity production by emerging economies like China and India. The calcined petroleum coke is also used to manufacture graphite electrodes for use in electric arc and induction furnaces. Global calcined coke markets are expected to grow rapidly during the forecast period for both anode and needle grade coke.
Calcined Petcoke is an ash-free carbon material that has high carbon and low sulfur. It is widely used in the production of various carbon products, such as graphite electrodes, carbon brushes, and activated carbon. It can also be used as a raw materials in the production chemicals such as carbon-black, which is used for the manufacture of paints, inks, and plastics. It is also being examined as a potential source of energy for the fuel cells that generate electricity through a chemistry reaction between hydrogen & oxygen.
There are several different types of calcined coke. They all have their own unique properties and applications. For example, a kiln-produced coke has a higher fixed carbon content than a shaft-calcined coke. The amount of moisture in the coke may also influence its characteristics. For this reason, it is important to test the petcoke before use.
The test can be used to determine the carbon content of a product and its other characteristics. It can help the user decide which type of petcoke is best for his or her particular application. When choosing the type of coke, it is important to also consider the granularity.
During the COVID-19 pandemic, several businesses were forced to shut down operations, including those that consume a lot of petcoke. The virus has had a devastating effect on the oil industry. This has in turn led to reduced production of petcoke. A suspension of the coal-to power plant operation has also hurt the market for the calcined petrol coke.
As the economy of the world recovers, calcined Petroleum Coke demand is expected to increase. The growth in the calcined oil coke industry is attributed to several factors, including the growing demand for carbon in steel and aluminum, advances in cement and electric power industries, and favorable policies on reimbursements due to environmental concerns. Market growth is also driven by the demand for anode and needle grade petcoke used in steel production, and graphite electrode manufacture. Prices have risen due to a limited supply. However, the prices are expected to recover gradually.
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