Global calcined oil coke statistics is highly competitive, driven by the increasing demand for aluminum and steel as well as stringent environmental laws. Due to infrastructure development, railroad construction and the automobile industry in developing countries, it is expected that this market will see a high level of growth. The market has been segmented based on the product and its application. Cement, power and aluminum will make up the majority of global production. The increasing demand for green petroleum coke will boost the demand for calcined petroleum coke in future.
A recent COVID 19 pandemic has had an impact on the world economy, and led to a slowdown in the industrial sector. As a result, the global consumption of petroleum coke (green and calcined) has decreased. Many refineries have been forced to stop operations as a result of curfews. It is expected that the industry, which is slowly recovering from its pandemic-related impact, will grow steadily during the forecast period.
We are seeing key manufacturers invest in their capacities to satisfy demand for calcined petrol coke. For instance, in November 2021, Oman, the largest crude oil exporter outside of OPEC, announced the completion of its first petroleum coke calcining plant, Sanvira Carbon FZC in the Sohar Freezone. This plant is expected to help the local refineries increase their productivity and add value to the massive amounts of petcoke they produce as a byproduct of their refining process.
Asia Pacific leads the way in terms regional trends. This is due to a growing demand by the construction sector of emerging countries. China's and India's expanding metal industries are also driving the market. North America has also become a big consumer thanks to the booming industry in its metals.
Calcined oil coke has many uses. It is suitable for use in fluidized bed, cyclone or PC boilers. Also, the fuel can be fed into gasification systems. The fuel can be used in coal to petcoke plants as well as coke water and coke oil slurries.
The calcined petroleum coke production market is highly fragmented, with a handful of major players holding a majority of the global shares. The smaller companies are therefore encouraged to offer products and services that differentiate them from their competition. This report provides a thorough analysis of the global market for calcined petrol coke and offers valuable insight into key drivers, opportunities, and challenges. You can use this information to improve your ability to make business decisions. The report includes the latest data on market share, developments, trends, and opportunities for both established and new entrants in this exciting industry. This market intelligence will enable you to stay ahead of your competitors and plan your business strategy accordingly.
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