The calcined oil coke industry is always evolving as producers seek new uses for this byproduct. The aluminum, steel and cement industries continue to be major consumers of calcined oil coke. But other sectors are growing as well. Titanium dioxide, paints and coatings, and fertilisers are among the most common.
The growing demand for aluminum products and steel from emerging markets is one of the key factors driving the growth in calcined coke. The rapid industrialization in these countries is boosting demand for raw materials such as calcined petroleum coke, which is used as an anode material in the production of aluminum smelting. Aluminum industry also faces stricter emission regulations. Low-sulfur calcined petrol coke can meet this requirement.
As the global landscape of energy continues to change, companies that manufacture calcined petroleum coal are looking to improve their production process and increase efficiency. Many rotary kilns are equipped with waste energy recovery systems, which capture heat from the combustion VM in the bed of coke and use it to produce steam. This steam can be used to drive turbine generators, producing electricity for the plant or sold to nearby facilities.
Scrubbers added to kilns is another way that manufacturers of calcined Petroleum Coke can improve their production process. This technology removes harmful pollution from the flue gas produced by calcination. These technologies, in addition to improving the carbon footprint of calcined oil coke, can also help reduce operating expenses by reducing energy consumption.
The calcined petroleum coke market is expected to grow at a faster rate in North America than other regions because of favorable government policies and regulations, particularly the Clean Air Act in the U.S. The growing manufacturing and construction industries in these nations are also driving demand for steel-related materials and products.
Aside from that, the upcoming reforms and infrastructure developments will likely boost steel and melting activities. This, in return, will boost the production of calcined oil coke. The growing population is also increasing the demand in Asia Pacific for steel and products, which will contribute to the growth of calcined oil coke.
Asia Pacific is the dominant region in the global calcined Petroleum Coke market. North America is second. In Asia Pacific, the steel and aluminum industries as well as the power generation industry are the driving forces behind the demand for calcined coal. The growth of the calcined oil coal market in Asia Pacific is also driven by government initiatives such as "100 Smart Cities" and "Housing for All by the Year 2022".
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