The report presents detailed market trends along with a clear forecast. The report includes drivers, challenges, opportunities and restraints that will impact the global calcined oil coke industry growth over the forecast period.
Major factors driving growth in the calcined coke market include an increase in construction expenditures and a rising demand for pre-engineered building. The market will continue to grow over the forecast time frame due to the combination of economic progress and population growth in the emerging Asia Pacific countries.
The global calcined petrol coke market can be divided by type and application. Type-wise, there are two segments: fuel grade and calcined Petcoke. The market is further divided based on application, such as storage, power, aluminum and other metals. The market can also be analyzed based on region. These include North America Europe Asia-Pacific LAMEA.
An increase in construction and demand for pre engineered buildings (PEB) are key factors driving the growth of calcined petrol coke. Construction in India, China, Singapore, and other nations are experiencing a boom due to economic changes and initiatives like 'Smart Cities,' 'Housing for All,' and Housing for All, by 2022.
Global calcined coke manufacturers are adopting different growth strategies to compete in this competitive market. These strategies include manufacturing locally to reduce operating costs, creating long-term partnerships and investing in R&D. Rain Carbon Inc. Metso Corporation Atha Group Bharat Petrol Corporation Limited Oxbow Corporation IOCL Sanvira Carbon FZC LLC Amritesh Industries Pvt. Ltd., as well as Garcia Munte Energia SL.
The global calcined Petroleum Coke market is segmented based on type, application and region. The types include needle coke, shot coke, sponge coke, and honeycomb coke. Applications include aluminum and other metals as well as cement, steel, storage, power, etc. The regions covered in the report are North America, Europe, Asia-Pacific, and LAMEA. The COVID-19 epidemic slashed the industrial activity, which negatively affected the demand for green petroleum coke and calcined oil coke. The market has been slowed, but is now starting to recover.
The government's initiatives to promote a sustainable environment, the growth of the cement industry, the use graphite and anode petcoke electrodes in steel manufacturing, and the development of the power sector are all driving factors for the demand for petroleum coal. Low prices for calcined crude oil petcoke (as a result of crude oil residues and distillation) are expected to boost its demand on the market.
Market players are increasing their investments and focusing on contractual agreements, mergers, acquisitions and other means to enhance their presence in calcined petrol coke. This will drive market growth over the forecast period. The report contains a detailed competitive analysis of all the major players operating on the global calcined oil coke market. Oxbow Corporation, Suncor Energy Inc. Phillips 66 Company Aminco Resources LLC Nippon Coke & Engineering Co Ltd Renelux Cyprus Ltd Graphite india Limited and Maniyar Group of Industries are the main players.
The report offers a comprehensive regional analysis for the Calcined Petroleum Coke market across North America, Europe, Asia-Pacific, and LAMEA. The report covers the current demand, estimation and forecast of each application segment in these regions. The growth in the calcined oil coke market can be attributed to several factors, including the growing metals industry, cement and power industries, as well as an increase in iron and steel production. The demand for calcined petroleum coke is expected to increase further due to increasing construction spending in emerging countries like India, Indonesia, and Pakistan coupled with the population growth.
The global calcined petrol coke market has also been boosted by increased aluminum consumption and the production of electrodes for electric-arc and induction ovens in the steel industry. The growing demand for aluminum and steel is fueled by rapid industrialization in emerging countries like India, China, and others.
The escalating demand for coal is a major restraint for the calcined petroleum coke market. Further, the ongoing COVID-19 outbreak hampered activities in the oil and natural gas sectors. It forced many oil companies to cease or reduce their operations. In 2020, the market for calcined petrol coke slowed.
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