In the near future, calcined coke is likely to see a robust increase in demand as it's used for a variety of end-uses such as paints, coatings, metals like steel and aluminum, fertilizers, etc. Rising construction activities globally is expected to boost the demand for cement, which in turn will drive the market for green and calcined pet coke as it is used as fuel in cement kilns.
In addition, the growth in alumina production is expected to boost the demand of calcined PETCOKE as this is used in the manufacture of aluminum. This is owing to increasing investment in infrastructure projects by countries like India, China, and Singapore. In addition, rising residential and business building construction is anticipated to fuel the market for calcined PETCOKE over the next few years.
Rising investments in the steel industry are likely to boost the demand for calcined petroleum coke as it is a key raw material in the production of iron and steel. Alumina also is used to make titanium dioxide. This material can then be applied in numerous products like sunscreens or food coloring. In the global market for calcined coke, applications are mainly driven by the industries of alumina (to make alumina), steel (to produce titanium dioxide) and food coloring.
In addition, there is a high demand for calcined petrol coke due to the rapid expansion of coal-based power plants. It is due to the fact that coke-ovens are an efficient source of energy in coal-based power production.
On the basis of grade, application, and region you can segment the market for calcined oil coke. In 2022, the Anode Grade calcined petroleum coke segment accounted for the largest share in the market revenue. It is due to the fact that anode grade petroleum coke, an important metal for various uses, is used as a feedstock in order to make aluminium. Needle Grade calcined Petroleum Coke is used by the PCDGE (Petroleum coke derived Graphite Electrodes) for electrical equipment, automobiles and other applications. This segment is anticipated to continue its dominance in the calcined petroleum coke market during the forecast period. The calcined coke market is likely to be hampered by the stricter environmental regulations that aim at reducing CO2 emissions. As calcined Petroleum Coke is made from crude oil, its carbon content is high. As a result, many governments have implemented strict environmental regulations around the world to cut carbon emissions and promote clean alternatives. As a consequence, there is a decline in the demand for calcined coke over the period of forecast.
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