Calcined Petroleum Coke is high carbon material produced from green petroleum coke. The material can be used to produce steel, graphite and carburizers for induction and electric furnaces. The fuel is used for cement and power production. Due to global growth of the heavy oil supply, the development of cement and power production industries, and the expansion of steel, the market for calcined petroleum coke has been growing.
Calcinated petroleum coke is also employed in the manufacturing of electrodes for use in electric arc and induction furnaces, which are widely used to produce steel and aluminum. Growing demand in the construction, auto and transportation industries will drive the calcined petcoke market. This is due to the demand for premium grade petcoke needle coke. The needle crystals are a high-grade product that is used to make electrodes for electric arc furnaces and induction heaters.
Market growth for calcined petrol coke is driven also by an increase in the consumption of titanium oxide, which is used to color paints and plastics. Rising demand in emerging economies for these products will drive the calcined petroleum coke market.
But the growing use of alternative energy can impact the demand for carbon-based fuels and additives. This can also limit the growth of oil refineries and the production of GPC. It is likely that the shift toward renewable energy, and its impact on steel production will affect this industry as well.
Global calcined petcoke market segmentation is based on type, region and end-user. Type-wise, calcined PETCOKE is classified into needle and anode grades. ANODE GRADE CALCINED PETCOKE is the preferred choice for anodes in aluminum smelting. NEEDLE GRADE CALCINED PETCOKE is the most popular option when it comes to the production of graphite electrodes. Global calcined petcoke market is classified further by applications into electric arc, induction and carburizing furnaces.
Oxbow Corporation is among the competitors in the global market for calcined oil coke, alongside Atha Group and Rain Industries Limited. HPCL Mittal Energy Ltd, Henze International LLC, HPCL, etc. Competition in the calcined petroleum coke market is intense and primarily focused on price, quality, delivery and service. The competitive landscape of the calcined petroleum coke market provides details on the company overview, revenue generated by the companies, new product launches and investments in R&D. It also provides insights into the strengths and weaknesses of the key competitors. It also provides information on the company's market share. Additional details include geographic growth, application niches or dominance, production capability, financials (including sales), new product launch and business strategy.
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