Calcined Petroleum Coke is a dark-gray or black solid which has been heated in a rotating kiln at very high temperature. This process changes petroleum coke's crystalline structure, as well as its sulfur content. The calcination also reduces the volatile components of the coke. This makes it an important fuel for the energy industry. Calcined Petroleum Coke is used by coal-fired power stations to produce electricity and heat building. It can also be used as a source of power for industrial processes. In addition to its use as a fuel, calcined petroleum coke is a valuable raw material for the production of a variety of chemicals.
The product is in high demand and has a high profit margin. Global market size is expected to exceed $70 billion in 2028. Its profitability can be attributed to the low cost of manufacturing and the high energy-efficiency of calcination. The United States dominates global calcined oil coke, followed by China. In Q32020, calcined PetCoke costs in Europe increased, due to lower production levels and strong demand by downstream firms. The price increase is also due to the rise of crude oil prices for feedstocks and the exorbitant freight rates on Europe-Asia, and Europe - US interoceanic trading routes.
In Q4 2020, the price of calcined PetCoke in the Asia-Pacific region increased compared to the previous period. This was a result of the increased construction activities and the rising demand in the steel, aluminum, and cement industries. In addition, the price of non-calcined PetCoke and green PetCoke increased due to constant increases in crude feedstock oil costs. Prices for non-calcined PetCoke varied between 60 and72 USD/MT in the US. Green PetCoke prices, on the other hand, jumped from 67-73USD/MT.
The global market is fragmented for calcined Petroleum Coke, and there is fierce competition between vendors. This report analyzes the competitive landscape of the Calcined Petroleum Coke industry, including market shares, revenue, value and growth strategies. It profiles global and regional vendors, analyzes their strengths and weaknesses, and identifies opportunities and threats. It also offers a detailed market forecast, including sales by region or type.
Our accurate and insightful market research on Calcined Petroleum Coke helps you identify investment and expansion opportunities. It helps you stay ahead of the curve and respond to shifting trends, making it easier to optimize your strategy. You can protect your investment and ensure operational excellence with a complete risk assessment. The report contains market forecasts, a trend analysis, and an analysis of the five forces in the competitive environment. The report includes a detailed profile for key players with product images, business descriptions, and contact details. Moreover, the report covers the latest market trends and developments, such as mergers and acquisitions, partnerships, awards, and expansions. This comprehensive research will help you make informed decisions about your business and increase your bottom line.
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