The global calcined coke market is expected grow significantly due to a growing demand in different end-use industries. It is primarily used as an energy source for aluminum smelting, generating carbon for cement kilns, and as fuel in power plants. Another factor driving this market is the increasing need for energy worldwide to accomplish various tasks. Demand is also driven by the ability of petroleum to coke to act as a backup energy source during periods when renewable energy sources are not available.
The global calcined oil coke market can be segmented based on product type, industry end-use, and region. The key product types include needle coke, sponge coke, and shot coke. The industries that use the material include aluminum and glass. Bricks, paints, and coatings are also among them. The steel industry, which is the market's main driver, is one of its largest consumers of calcined petrol coke. The steel sector is expanding rapidly as a result of infrastructure development, urbanization, and industrialization in emerging economies. This expansion is fueling the demand of calcined coke in the iron & steel manufacturing process.
Increasing construction spending and rising demand for pre-engineered buildings (PEB) is a significant factor driving the market growth. This is particularly true in Asia Pacific. In countries such as China India Japan Thailand, the industrialization of these countries is accelerating. PEB is in high demand due to the population increase, and is used both for commercial and residence buildings.
Increased use of this material in the manufacture of graphite electrodes is another factor driving market growth. This is due to the fact that calcined petrol coke is a fuel with a lower sulfur content and possesses a higher caloric value. It also has a lower melting point than natural gas and is easier to transport. It is therefore a popular option for the electronics industry.
Another factor driving the market is the growth of the alumina industries, which is driven primarily by the growing demand for lightweight material. Aluminum is used more and more in the automotive, packaging, and construction sectors. The alumina industry consumes a large amount of calcined coke. This is used as a carbon additive in the aluminum melting process. The growth of the steel industry, which uses large quantities of calcined coke as a carbon-additive in the production carbon anodes, is also a major driver of the market.
Oxbow Corporation, Atha Group (formerly Rain Industries Limited), HPCL Mittal Energy Limited (HMEL), Henze International LLC and ArcelorMittal are some of the major players on the calcined coke market. These companies are focused primarily on implementing technological innovation and strategies to enhance their position in the marketplace. They also invest in strategic partnerships to expand their customer base and strengthen their portfolio. This is helping them to boost their sales and profitability.
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