It is predicted that the demand for CPC (calcined petrol coke) will increase quickly during this forecast period. The demand for calcined petroleum coke (CPC) is driven by an increase in manufacturing and construction across the world. In addition, the growth of this market will be driven by an increase in steel production due progresses made within railway, auto, highway, and transport sectors. Major end-users are power plants and cement factories.
CPC is used extensively in the aluminum industry. It is used as carbon additive to produce anodes in the aluminum smelting process. The steel industry is predicted to grow as a result of the rising demand for aluminium from different industries.
In addition, power plants in China and India are growing rapidly. Calcined coke can be used as fuel for electricity generation and to heat cement kilns. It is anticipated that this trend will persist during the forecasted period.
CPC is also used as an alternate to coal by the electricity generation industry. CPC is used in power generation because of its lower levels of toxicity and low content of ash. The growing market for heavy oil is expected to be supported by the industries that use it, such as the steel industry, coal mining, fertilizer and other sectors.
On the basis of application, type and region, the calcined coke is market segmented. The market can be classified into four types: needle coke (also known as shot coke), sponge coke and honeycomb. Segments by application include aluminum, bricks/glass, paints & coats and fuel. North America includes Europe, Asia Pacific. and RoW.
On the global market for calcined petrol coke, there are several major players. They are investing a substantial amount in R&D to broaden their product offerings. In addition, market players form partnerships and alliances to expand their presence. This is enabling them to compete effectively in the competitive marketplace.
This report provides a thorough analysis of the global calcined oil coke market with an emphasis on future and current trends. It includes a detailed study of the key drivers and restraints impacting market growth. A competitive landscape is also covered, with profiles of industry leaders. The report is concluded with a section on recommendations.
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