Calcined petrol coke is produced as a byproduct during the refining of petroleum. It is widely employed in the manufacture of electrodes for electric arc or induction furnaces. It is used in the production aluminum. The expansion of the steel industries in developing countries such as Asia Pacific is driving the demand for calcined carbon. The market is also driven forward by the development of the power generation and cement industries. The market growth is slowed down by the ban on coal mining and the fluctuating crude oil price.
The global calcined petrol coke market will grow at a CAGR less than 6% during the forecast period. This is due to the increased usage of aluminum and steel for various products, such as automobiles and railways. This in turn is expected to drive the demand for green and calcined petroleum coke in these regions. The growing infrastructural activity in countries like China and India will also contribute to the growth of this industry.
In Q1 2023 the European calcined petrol coke market saw a decline in the demand from the construction sector as the economic slowdown affected the purchasing power of end users. In addition, raw materials such alumina and petroleum coke prices dropped due to the volatility in crude oil prices. The supply of calcined oil coke was also affected by the strike in the German port of Hamburg.
In October 2018, alumina prices reached an all-time high of USD 485 per tonne on a CFR basis in India. This was mainly because of the higher demand for aluminum from China and India due to their infrastructure projects, including highway, rail, and autobahn. In addition, the Indian government is focusing on the development of new residential and commercial structures such as hospitals, shopping malls, and hotels which is boosting the construction industry.
Calcined Petroleum Coke is an important raw material used in the production alumina and iron. It is required to produce aluminium electrodes, which are used in electricity generation. It is also used as a substitute for natural gas in the aluminium smelting process. This is expected increase the alumina output, which will contribute to the growth on the calcined coke market.
Throughout the forecast period, it is expected that the Asia-Pacific market for calcined oil coke will hold the largest market share. This is mainly because of the increasing infrastructural development in nations such as India, China, and Singapore. Additionally, the population rise is resulting in the need for new residential and commercial infrastructures. In addition, the Indian Government has launched a number of projects such as Smart Cities Mission and Housing for All by the year 2022 which are boosting construction in the country.
The report provides a detailed landscape of the key players in the global market for calcined Petroleum Coke. The report includes a detailed review of the product portfolios of the major players in the market, their financials, their new market initiatives and business strategies.
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