The report covers the global calcined oil coke market, its current state and future prospects. This report provides a detailed breakdown of the global market by type and application.
The global market is growing quickly due to the growth of the cement, steel and power industries and the favorable government policies relating to the environment.
Oxbow Carbon LLC recycles natural gas byproducts and refinery products. It transports, upgrades, and sells petcoke to markets that produce aluminum and steel, electric power, and cement, among other important products for the global market. Its business plan prioritizes efficient, safe and environmentally-friendly operations.
Calcined Petroleum Coke is an oil refinery byproduct that contains a high amount of carbon and has a low calorific content. It's a better alternative to coal because it is more efficient. In the aluminum industry, it has been used as a raw materials for electrodes. This is due to its high electrical and physical conductivity.
Aluminum and other heavy materials will be in high demand as construction expenditures increase in developing economies across Asia-Pacific. This is driven by urbanization and industrialization, as well as increasing automobile production. In Europe, where heavy metal and automotive production is extensive, the demand for calcined oil coke is expected to increase.
The growth of the aluminum and steel industries is driving the calcined coke market. These industries need this material to produce alumina. The crude oil prices can have a significant impact on the profitability of the companies.
The Asia-Pacific region led the global calcined petroleum coke market in 2021. This was due to the rising demand for PEB and increasing construction expenditures in countries such India, China and Singapore. Economic progress and population growth in these nations will further propel the calcined petroleum coke market over the forecast period.
Oxbow Corporation, Atha Group, Rain Industries Limited, Graphite India, and Indian Carbon Ltd are among the most important players in this industry. These companies are focusing on various strategies to expand their presence in the global market. These strategies include partnership, contractual agreements, product launches, etc. In addition, they have increased their research and develop activities in order to create cost-effective products for their clients.
Rain Industries Limited is a leading producer of calcined oil coke, coal-tar pitch, and advanced materials. The company continues to grow through capacity expansions and mergers and acquisitions. It has three major business verticals: advanced materials, carbon and cement.
The company is a "merchant calciner", meaning that it produces CPC using raw materials shipped by truck to the plant. Usually, the company uses GPC (Green Petroleum Coke), a refined product. Merchant calciners account for a larger share of the global market, as smelters prefer them over producer-owned calciners.
In order to increase market share and profitability, manufacturers of calcined petrol coke use different tactics. This includes manufacturing locally, which reduces operating costs. They are also taking strategic measures to gain an edge and expand their global footprint. These strategies include product launches, contractual agreements, strategic alliances, acquisitions, and geographical expansion.
The growing demand for electronic components is driving the global market for calcined oil coke. This is due in large part to the infrastructure boom that has been occurring in developing countries. This is due to the ongoing infrastructure boom in developing countries.
The market has also grown due to the growing industrialization of Asia Pacific, and the energy demand. Over the next few years, the region will continue to dominate the market.
The report includes profiles of the key players in this industry including Oxbow Corporation and Atha Group. It also features Indian Oil Corporation Limited, Royal Dutch Shell Plc (HMEL), Chevron Corporation and BP Plc. The report analyzes the business strategies of these companies, their recent developments, as well as financial metrics. It also includes an in-depth view of the competitive landscape worldwide. The report also highlights global market opportunities.
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