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pravalika · 1 year ago

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Needle Coke Market - Forecast (2023 - 2028)

Needle Coke Market size was valued at $3.7 billion in 2019 is forecast to reach $5.3 billion by 2025, after growing at a CAGR of 6.1% during 2020-2025. Needle Coke is a premium grade high value petroleum coke utilized for the manufacturing of the graphite electrodes. The major factor driving the growth of the market studied is rapidly increasing demand from steel manufacturing industry. Emerging economies such as China, India and others, is estimated to fuel market demand. Additionally, growing Graphite electrodes demand from aerospace industry is assessed to create opportunities for the market in the coming years. However, frequent fluctuations in crude oil prices is estimated to negatively impact the market growth.

Report Coverage

The report: “Needle Coke Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Needle Coke Industry.

By Type: Petroleum Based and Coal Based.

By Grade: Intermediate, Premium and Super Premium.

By Application: Graphite Electrode, Special Carbon Material, Lithium Ion Battery and Others.

By Geography: North America, South America, Europe, Asia Pacific, and Rest of World.

Key Takeaways

Petroleum based needle coke held a larger market share in 2019, owing to its ability to withstand high-temperature conditions among other factors.

Among all the applications, electrodes accounted for the largest market share in 2019 and is projected to grow at a rate of XX% during the forecast period, 2020-2025.

The demand for lithium-ion batteries as well as growth of the steel industries are some of the key factors, fueling the growth of the needle coke market.

Asia Pacific dominated the needle coke market with a share of more than XX% in 2019 due to rise in infrastructure and growth of the manufacturing sector.

The prevailing COVID-19 pandemic has severely affected businesses worldwide. As majority of automotive companies and manufacturers have shut down production, the industry operators are likely to witness decline in the demand for needle coke.

Needle Coke Market Segment Analysis - By Type

Petroleum based needle coke held a larger market share in 2019 and is projected to grow at a rate of XX% in the forecast period, 2020-2025. The ability to withstand high-temperature conditions, specifically in steel production, as well as less harmful effect on environment are some of the key properties of petroleum-based needle coke, fueling the market demand. The petroleum needle coke market is primarily driven by demand for graphite electrodes from the steel industry. High demand for steel from industries such as automotive, transport, building & construction, electrical engineering, consumer goods, foil & packaging, machinery & equipment, and others is propelling the steel industry.

Needle Coke Market Segment Analysis - By Application

Among all the applications, electrodes contributed the largest market share in 2019 and is projected to grow at a rate of XX% during the forecast period, 2020-2025. Graphite electrodes find usage in electric arc furnace (EAF) and ladle furnace (LF) for production of steel, silicon metal production, ferroalloy production, and smelting processes, among others.

Needle Coke Market Segment Analysis - Geography

Asia Pacific dominated the needle coke market with a share of more than 38% in 2019. Development of infrastructural activities in this region, primarily in China, India, and Malaysia. The market dominance of the region is owing to the growing infrastructure and growth of the manufacturing sector. During the forecast period, 2020-2025, the new energy vehicle industry in China is projected to grow rapidly and China's favorable policy about the recycling of resources is estimated to accelerate the development of electric furnaces. China's output of needle coke is projected to be more than 1,300 kilo-ton in 2025, showing a CAGR of XX% between 2020 and 2025.

Needle Coke Market Drivers

Rising demand in steel recycling market

Surging demand in steel recycling is another factor propelling the growth of the global needle coke market in future. Since, needle coke is an important part in steel industry, is projected to witness a solid growth. Rising demand for petroleum-based coke in order to generate energy is projected to drive the market in future. Moreover, beneficial properties of this coke type, such as less breakage, low thermal expansion coefficient, and electric resistance are projected to boost the market growth during the forecast period, 2020-2025.

Surge in demand for of lithium-ion batteries

Increase in use of various automobiles such as electric & hybrid vehicles, rise in demand from electrical & electronics industry are some of the key reasons fueling the demand for lithium-ion batteries. As one of the key components used to manufacture lithium-ion batteries is needle coke, rise in the demand for lithium-ion battery is going to fuel the demand for needle coke.

The lithium-ion battery market was valued $XX billion in 2019, and is forecast to reach $XX billion by 2025, at a CAGR of XX% from 2020 to 2025. High price of lithium-ion batteries is limiting the growth of the market currently, however, multiple advantages associated with lithium-ion batteries are estimated to increase its adoption in the forecast period.

Needle Coke Market Challenges

Fluctuation in crude oil prices

Fluctuation in the entire natural gas and crude oil sector is estimate to negatively impact the growth of needle coke market caused primarily due to gap in demand and supply of needle coke. Moreover, even though the petroleum products are assessed to depict a substantial growth in future, the economic and political instability with respect to the sale of these products is estimated to hamper growth of needle coke market.

Market Landscape

Increased production of coke to improve the refinery margins, rise in investment are some of the key strategies adopted by players in the needle coke market. The market appears to be fragmented owing to the emergence of several players all over the world. Major players in the needle coke market are Phillips 66, Asbury Carbon Inc., Seadrift Coke L.P., Sumitomo Chemical Company, Mitsubishi Chemical Corp., JXTG Nippon Oil & Energy Corp., Indian Oil Corporation Limited, GrafTech International, Essar, Baosteel Group and Others.

Acquisitions/Technology Launches

In August 2019, Indian Oil Corporation Limited (IOCL) invested $1.3 billion in expanding its Paradip refinery capacity from 15 million tons per annum (mtpa) to 25 mtpa.

In April 2019, Sumitomo Chemical Company invested $150 million into a new project at the Changzhou National Hi-Tech District (CND) facility of Sumika Electronic Materials (Changzhou) Co., Ltd.

#Needle Coke Market #Needle Coke Market Size #Needle Coke Market Share #Needle Coke Market Growth #Needle Coke Market Price #Needle Coke Market Forecast #Needle Coke Market Trends

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mordorintelligencemarketresearch · 3 months ago

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The Graphite Electrode Market: Key Trends, Growth Drivers, and Future Outlook

Market Overview

The Graphite Electrode Market is projected to have a volume of 1.61 thousand kilotons in 2024 and is anticipated to grow to 1.92 thousand kilotons by 2029. This reflects a compound annual growth rate (CAGR) of 3.55% over the forecast period from 2024 to 2029.

2. Key Growth Drivers of the Graphite Electrode Market

Rising Steel Production: As global infrastructure development intensifies, particularly in emerging markets, the demand for steel continues to climb. This increase in steel production, especially using EAF methods, directly correlates with the growing demand for graphite electrodes.

Shift to Electric Arc Furnaces (EAF): Traditional blast furnaces are being replaced by electric arc furnaces, which are more energy-efficient and environmentally friendly. Graphite electrodes are essential for this shift, as EAFs require them for energy conduction.

Increased Focus on Sustainability: The global push towards carbon-neutral steel production is driving more companies to adopt EAFs. Since EAF technology relies heavily on graphite electrodes, this shift supports significant market growth.

Urbanization and Industrialization: Rapid urbanization in countries like India, China, and parts of Southeast Asia is fueling steel demand, boosting the market for graphite electrodes.

3. Challenges Facing the Graphite Electrode Market

Raw Material Supply Constraints: The availability of high-quality needle coke, a critical raw material in graphite electrode production, is limited. This can create supply chain bottlenecks, impacting production and pricing.

Price Volatility: The market has experienced volatility in recent years, with price fluctuations due to raw material shortages and geopolitical factors affecting supply and demand balance.

Environmental Concerns: While EAF steel production is more eco-friendly, the production of graphite electrodes itself involves energy-intensive processes. Regulatory pressures to reduce carbon footprints in the manufacturing process could present challenges.

4. Regional Market Insights

Asia-Pacific Dominates: The Asia-Pacific region, particularly China and India, dominates the graphite electrode market, driven by their rapidly growing steel production industries. China, as the largest steel producer in the world, remains the key consumer of graphite electrodes.

North America and Europe: In these regions, the adoption of electric arc furnaces is increasing, contributing to a steady rise in demand for graphite electrodes. The European market is also benefiting from the push for sustainable steel production.

Emerging Markets: Countries in the Middle East and Africa are seeing gradual growth in steel production, which is expected to drive demand for graphite electrodes in these regions.

5. Technological Advancements and Innovations

The graphite electrode industry is seeing advancements in manufacturing processes that aim to enhance efficiency and durability. Improved electrode quality helps steel producers lower operating costs, increase furnace uptime, and achieve greater efficiency in energy usage.

6. Market Outlook: What’s Next for Graphite Electrodes?

The future of the graphite electrode market looks promising, with a steady rise in demand expected over the next decade. The shift towards greener steel production, alongside the need for innovative materials that offer higher energy efficiency, will continue to drive growth in this market. Companies investing in R&D to improve electrode performance and sustainability will likely lead the way in this evolving landscape.

Conclusion

The graphite electrode market plays a pivotal role in the future of steel production, particularly with the global shift towards electric arc furnaces and sustainable production methods. While challenges such as raw material shortages and price volatility remain, the industry is poised for growth as demand for steel rises in both developed and emerging markets. Technological innovations and increasing investment in R&D will further strengthen the market’s outlook, making it a dynamic space to watch in the coming years.

For a detailed overview and more insights, you can refer to the full market research report by Mordor Intelligence https://www.mordorintelligence.com/industry-reports/graphite-electrode-market

#graphite electrode market size #graphite electrode market share #graphite electrode market analysis

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123567-9qaaq9 · 4 months ago

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Global Needle Coke Market, Market Size, Market Share, Key Players | BIS Research

The Global Needle Coke Market refers to the industry segment focused on the development, production, and distribution of building materials that have a reduced carbon footprint compared to traditional materials. These materials are designed to minimize greenhouse gas emissions throughout their lifecycle—from extraction, manufacturing, and transportation to use and disposal.

The global needle coke market was valued at $3.05 billion in 2023, and is expected to grow at a CAGR of 7.99% and reach $6.58 billion by 2023

Market Overview

Needle coke is a high-quality carbon material primarily used in the production of graphite electrodes, which are essential for electric arc furnaces in the steelmaking industry. Needle coke has a unique needle-like structure, high thermal conductivity, and low coefficient of thermal expansion, making it a crucial material for industries requiring strong, heat-resistant carbon.

Types of Needle Coke

Petroleum based needle coke - Derived from petroleum refining byproducts, particularly decant oil or slurry oil.

Coal based needle coke- Produced from coal tar, a byproduct of the coke-making process in steel production.

Download the TOC and get more information @ Global Needle Coke Market

Key Applications

Graphite Electrodes for steelmaking - The primary application of needle coke is in the production of graphite electrodes, which are essential in electric arc furnaces (EAF) used for steel production.

Lithium Ion Batteries - Needle coke is used to produce synthetic graphite anodes for lithium-ion batteries, a critical component in electric vehicles (EVs) and energy storage systems.

Major Key Players

Asbury Carbons

Gazpromneft

China Petroleum & Chemical Corporation

Shandong Jingyang Technology Co. Ltd

GrafTech International

Download the sample page click here@ Global Needle Coke Market

Market Demand Driver: Carbon Reduction Mandates and Environmental Standards

The needle coke market is poised for significant growth, propelled by the increasing adoption of the electric arc furnace (EAF) steelmaking process and the mounting pressure to achieve carbon neutrality targets. Sustainability considerations are reshaping the steel industry; the EAF process offers a more environmentally conscious approach compared to the traditional basic oxygen furnace (BOF) method. This shift favors needle coke, a critical material for EAF graphite electrode production

Future Outlook

The needle coke market is expected to witness sustained growth due to rising steel production through electric arc furnaces and increasing lithium-ion battery demand for electric vehicles and energy storage systems. However, environmental regulations, supply chain constraints, and price volatility will continue to shape the industry.

The market outlook is shaped by several key trends:

Rising Demand in Steelmaking

Expansion of Electric Vehicle (EV) Market

Supply Constraints

Technological Advancements

Conclusion

The global needle coke market is positioned for substantial growth, driven by increasing demand from the steel industry and the expanding electric vehicle (EV) market. As electric arc furnaces (EAF) gain traction in steel production and lithium-ion battery usage surges, the need for high-quality needle coke will rise. However, supply constraints, environmental concerns, and production challenges may create volatility in the market.

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aidenleepingwei · 6 months ago

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Aiden Lee Ping Wei - Biomass-based graphite can lower EV battery costs

➤Synthetic graphite produced from biomass results in fewer CO2 emissions, Graphjet says.

➤CEO suggests that electric vehicle battery manufacturers mix in biomass-based graphite to lower costs.

➤Graphite production outside China will not fully dislodge the nation's hold on the market.

Aiden Lee Ping Wei, co-founder, CEO and CFO of Graphjet Technology. Source: Graphjet Technology.

Malaysia-based Graphjet Technology produces synthetic graphite and graphene from palm kernel shells that are recycled from palm oil facilities. By using biomass, Graphjet's technology can reduce the carbon footprint associated with graphite and graphene production by up to 83% while cutting costs by up to 80%, the company said in a June 17 investor presentation.

Graphjet expects its manufacturing plant in Malaysia to reach industrial scale in the third quarter of this year, with an annual production capacity of 3,000 metric tons of graphite. Capacity is expected to reach 13,000 t/y by the second half of 2026.

In April, the company announced plans to build a plant in the US that will produce another 10,000 t/y of graphite using feedstock from the Malaysia facility.

The company is focused on single-layer graphene and synthetic graphite for electric vehicle batteries, medical devices and home appliances. Graphjet began trading March 15 on the Nasdaq and has a $30 million offtake agreement with Toyoda Trike Inc., an electric-bicycle maker.

S&P Global Commodity Insights interviewed Aiden Lee Ping Wei, co-founder, CEO and CFO of Graphjet Technology, to discuss biomass-based graphite and its potential to shift the direction of the graphite industry. The following conversation has been edited for clarity and brevity.

S&P Global Commodity Insights: Please break down how you create synthetic graphite from feedstocks other than petroleum coke and coal tar pitch.

Aiden Lee Ping Wei: There are currently two different types of graphite in the industry. One is natural graphite from mines. [The other is] synthetic graphite, which can be produced from petroleum coke, needle coke or petroleum charcoal. We are a third type, which can be called a biomass-based synthetic graphite. Due to inconsistency problems with natural graphite, most EV battery producers are using a higher-grade artificial graphite. Our graphite solves the feedstock problem.

Our proprietary technologies and manufacturing process burn the biomass to make hard carbon, activate the carbon, so on and so forth, until you get graphite. Anything can burn into a carbon, but it depends on the consistency and the purity of the carbon. We burned corn starch, rubbish and plastics, and we chose the biomass waste palm kernel shells.

As a feedstock they are very consistent, very stable, and Malaysia is the second-largest palm oil producer, behind Indonesia. Every year, Malaysia has 5 million of palm kernel shell waste. Our conversion rate is a 3:1 ratio. We are talking about producing 10,000 tons of graphite, so we just need 30,000 tons of palm kernel shells.

How much will your graphite cost, and how does it compare with what is expected to hit the North American market?

We are burning biomass waste. The price is much more affordable compared to petroleum coke and needle coke. We are talking about $50 for a ton of palm kernel shells, although the price has increased since 2022. Some are selling for $50 to $100 per ton.

We are working with a few companies, a few universities, including MIT, on the verification and trial runs. Definitely, it would be equal or better quality than what is supplied on the market with a better-for-the-book cost, and [it would be] more sustainable.

Do you expect the overall synthetic graphite industry to shift toward more sustainable feedstock alternatives or recycling in the future? How can the industry decouple from China?

In terms of synthetic graphite, I don't think there will be a 100% shift to biomass graphite a company like ours because of the domination of China in North America and around the world. We are talking about a few million tons of production output from China. Looking at the graphite coming from us and other producers, in the next five to 10 years will only increase graphite output by up to 1 million or 2 million tons per year, and that is barely achievable without government and shareholder support.

In the near future, instead of using 100% of synthetic graphite made from petroleum coke, maybe EV battery-makers will replace 20% or 30% with biomass graphite to make them much more affordable.

How does your environmental footprint compare to traditional production processes for both synthetic and natural graphite, especially in energy use?

We are around 80% lower in CO2 emissions just due to the fewer processes and ingredients, and we're also planning to neutralize our carbon emission maybe in two or three years. And our suppliers of palm kernel shells must be in compliance with the standards or other regulations around deforestation, forced labor and issues like that.

Content Source - https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/biomass-based-graphite-can-lower-ev-battery-costs-graphjet-ceo-82361314

#aiden lee ping wei #graphjet technology #graphite

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industryreportsqr · 11 months ago

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Petroleum Needle Coke Market ,Size, Market Segmentation and Future Forecasts to 2029

Overview

The Petroleum Needle Coke Market report, at first, has given a brief understanding of the industry through basic overview. This overview includes the market definition, key applications of the product, and the recent manufacturing technology employed for such production. The global Petroleum needle coke market has been analyzed in detail to gain an understanding of the competitive landscape, key regional status, and recent trends noted in the relevant industry. This analysis also contains the product price margins , along with risk factors that are associated with manufacturers.

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Market Drivers and Restraints

The report has explored several key dynamics that have a solid influence over the Petroleum needle coke market. This report studied the pricing history, volume trends, and value trends the of the market for the forecast period.Also, the report mentions various market drivers, restraints, as well as opportunities to gain an insightful understanding of the market.

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Detailed Regional Analysis

The global Petroleum needle coke market has been analyzed in detail on a global as well as a regional level. The report comprises a regional analysis for North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. For each of these regions, the report contains a study of the market extensively, taking the outlook, opportunities, and the recent trends into consideration.

Research Methodology

To understand the potential of market in a precise manner, the global market has been analyzed according to the Porter’s Five Force Model structure. Also, the Petroleum needle coke market has been studied using SWOT analysis, and it highlights various strengths and opportunities, threats, and weaknesses that are associated with the industry.

Key Players

The report has included a profiling of various prominent players in the market and various trends in the manufacturing landscape and also identifies some of the new market entrants that are shaping the Petroleum needle coke market landscape.

About Us

Absolute Market Research, headquartered in Los Angeles, California, United States, is one of the leading market research and intelligence solutions provider companies. Our research reports span across different industries namely automotive, aerospace & defense, chemicals & materials, construction & building materials, energy & power, healthcare, consumer goods, electronics, semiconductors, ICT & media, travel, and more.

With the help of our domain-expert research analysts, we offer thorough analysis & insights into various industrial sectors. Absolute Market Research holds a dynamic position in the market research industry to offer reliable insights to our clients and help them in staying ahead of the competition. Absolute Market Research takes into consideration various aspects of any industry while drafting the syndicate as well as customized study. Our research team will help you in analyzing any industry from 360-degree covering different aspects such as market entry strategies, futuristic opportunities, technological innovation, strategic moves, existing & new market entrants, their business performance, product portfolio, SWOT analysis, and more.

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chemicalresearchupdates · 1 year ago

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Needle Coke Market Size and Share: An In-depth Examination of Market Metrics

The Needle Coke market is estimated to be valued at US$ 2.99 Bn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview:

Needle coke is a specialty type of petroleum coke used in the production of ultra-high power graphite electrodes, which are primarily used in electric arc furnaces for steel production. It has high mechanical strength and electrical conductivity properties essential for graphite electrode production. Needle coke is produced by thermal cracking and isles heating of coal tar pitch or petroleum pitch residue under oxygen-free conditions. Market Dynamics:

The rising demand for needle coke market from the graphite electrode industry is the major factor driving the growth of the market. Graphite electrodes are used for melting scrap steel in electric arc furnaces. With the increasing steel production globally, particularly in developing economies such as China and India, the demand for graphite electrodes has increased substantially over the years. According to World Steel Association, crude steel production increased from 1,808 million tons in 2018 to 1,895 million tons in 2019. This rising steel production is augmenting the demand for needle coke from the graphite electrode industry. Additionally, limited availability of substitutes for needle coke in ultra-high power graphite electrode manufacturing is another factor fueling the needle coke market growth. SWOT Analysis

Strength: Needle coke has high electrical conductivity and chemical resistance which makes it ideal for graphite electrodes used in electric arc furnaces for steelmaking. It has low coefficient of thermal expansion and high dimensional stability at high temperatures. It is available in large piece size suitable for graphite electrodes upto 4.5m in length.

Weakness: Needle coke manufacturing process requires petroleum pitch as raw material. Fluctuations in crude oil prices directly impact the production cost. High capital investment is required to set up needle coke production facilities.

Opportunity: Increasing steel production driven by growth in construction and automotive industries worldwide presents growth opportunity for needle coke. Expanding graphite electrodes manufacturing capacity, especially in Asian countries will drive the demand for needle coke.

Threats: Strict environmental regulations limiting coke oven operations could impact the supply of needle coke. Alternative materials like scrap-based electric arc furnace production may reduce the demand for graphite electrodes.

Key Takeaways

The global Needle Coke market is expected to witness high growth, exhibiting CAGR of 10.% over the forecast period, due to increasing steel production worldwide driven by growth in construction and automotive industries. Regional analysis: Asia Pacific dominates the global needle coke market, accounting for over 50% share of the total market in 2023. China, Japan and India are major consumers as well as producers in the region. Growing steel industry especially in China and India is driving the growth of needle coke market in Asia Pacific. North America is the second largest market for needle coke led by the US. Presence of large automotive industry and shale gas production is fueling the market growth in this region. Key players operating in the Needle Coke market are Baosteel Group, C-Chem Co. Ltd, China National Petroleum Corporation, ENEOS Corporation, Kaifeng Pingmei New Carbon Material Technology Co. Ltd (KFCC), Mitsubishi Chemical Corporation, Phillips 66 Company, PMS Tech (a joint venture of POSCO Chemtech and Mitsubishi Chemical), Seadrift Coke L.P. (GrafTech International), Shandong Jing Yang Technology Co. Ltd, Shandong Yida Rongtong Trading Co. Ltd, Shanxi Hongte Coal Chemical Co. Ltd, and Sinosteel Corporation. The market is highly consolidated with top five players accounting for over 50% of the total production capacity. Key players are focused on capacity expansion plans and long term supply agreements with graphite electrode manufacturers.

#Needle Coke Market #Needle Coke Market Trends #Needle Coke Market Growth

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marksmithimarc · 2 years ago

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The global needle coke market size reached US$ 4.0 Billion in 2022. IMARC Group expects the market to reach US$ 5.6 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023-2028. Needle coke refers to a specialty grade carbon raw material derived from coal tar pitch, ethylene tar pitch, solvent-refined coal, low-sulfur vacuum residues, petroleum fluidized catalytic cracking (FCC) decant oil, etc.

#Needle Coke Market #Needle Coke Market Share

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chemicalblog · 3 years ago

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Global Petroleum Coke Market Technology Growth, Supply Demand and Analysis by Types 2021-2030

Petroleum Coke Market Overview - Petroleum Coke can be obtained while going through the refining process of the oil as its byproduct. Manufacturers and industrialists, across the world, are trying to operate more efficiently by gaining access to more gasoline and other fuel-related products from a barrel of crude oil. The process reveals petcoke. The product has multifarious application that includes electrodes and anodes. The application also includes as fuel for the metal and brick industries. The global petroleum coke market is eyeing for a significant hike over the review period of 2021 to 2030. Market Research Future (MRFR) makes statements related to the future market in the petroleum coke market report with proper backups from analysts.

Obtain Brochure For Latest Technology Advancements @ https://www.marketresearchfuture.com/sample_request/6566 Petroleum Coke Market - Prominent Players:- Indian Oil Corporation Ltd., - India, Nayara Energy Ltd. - India, Petrobras, - Indonesia, Royal Dutch Shell PLC, -the Netherlands, Exxon Mobil Corporation,- USA, Citgo Petroleum Corporation, - the USA, Marathon Petroleum Corporation, - the USA, Valero Energy Corp., - the USA, Motiva Enterprises LLC., - the USA, Phillips 66 Company.- USA, and others. Market Potential and Pitfalls

The global petroleum coke market is expected to accrue revenues at a CAGR exceeding 6% over the forecast period. Its value stood at USD 25 billion in 2018. In addition, fuel grade petcoke consumption in the region is estimated to surpass 54,500 tons by the year 2025.

Persistent crude oil extraction and refining will continue to influence the petroleum coke industry. The crude oil by-product finds application in processing of various industrial materials. Developments in novel techniques such as gasification can culminate in low weight of raw pet coke. The application of the coke as aviation fuel and development of metals such as cobalt and nickel can bode well for the market. Huge demand for hydrogen can entice petroleum coke producers and boost the market growth.

The COVID-19 pandemic had hit the production lines in the U.S. and other major producers. Shutdown of cement plants in Spain and Brazil had affected the market negatively. But the easing of lockdown operations in certain countries has led to a surge in petcoke prices. This is further assisted with the procurement by customers in India and China.

Factors like the growth in the construction industry, in cement industry, in power plants, steel, and foundries are expected to influence the global petroleum coke market. The APAC market is also slated to influence the global market in the coming years with its high traction from diverse industries. However, its anti-environmental impact can curb the natural growth rate. However, regulatory pressures are dampening the market prospects of the product.

On the other hand, the high costs of Petroleum Coke production are likely to be a major restraint against the market in the coming years. Developing countries are likely to hold the high costs of Petroleum Coke production against the technology, leading to the market being centered on North America and Western Europe, as well as leading economies in Asia Pacific. Access Complete Report @ https://www.marketresearchfuture.com/reports/petroleum-coke-market-6566 Segment Study of Petroleum Coke Market :- The Petroleum Coke Market share’s rise is being attributed to the exceptional performance of the market segments that are mentioned as follows:

Based on the Type By type, it is segmented into shot coke, needle coke, sponge coke, honeycomb coke, and others.

By grade, it is divided into fuel grade and calcined grade. Fuel grade petcoke demand remains concentrated in the cement industry owing to its innate nature and very high heating value. In 2017, close to 44% of the total petroleum coke (fuel-grade) produced was consumed by the cement industry.

Major application areas (foundries, cement, brick and glass, power plant, steel, paper and pulp,) for fuel grade petcoke are discussed in detail in the report. Cement is expected to exhibit the highest growth rate over the forecast period. It accounted for 48% market share in 2018. The burgeoning construction industry and development in urban and suburban areas can drive the segment growth till 2025. On the other hand, the power plant segment is set to achieve a value of USD 5,313.6 million by the end of the forecast period. This can be attributed to its demand for petroleum coke and lowering carbon emissions. Buy Now @ https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=6566 Petroleum Coke Market Market - Geographical Analysis :- The APAC had 56% of the global petroleum coke market share in 2017 which was of USD 5,700 Mn worth. This is expecting strong growth in the coming years with high urbanization and increasing cement production. Various countries in the region like China and India are maintaining this high intake to support their construction sector and power supply sector. Easy availability of the product and cost affordability are some of the major features to help the market in making an easy ingress in myriad industries. India’s import was recorded as 12.49 million tons of petroleum coke in 2017, whereas, China scored 7.20 million tons in 2017.

North America and Europe are trying to curb the application of this product to adhere to various environmental laws. But their production to export has not slackened much. For instance, the US exported around 35.44 million-ton petcoke in 2017. However, various industries in the region are restricting their intake of petcoke and moving towards more sustainable sources.

Industry News:

In August 2019, Numaligarh Refinery, North East India’s largest refiner, announced that they would invest more in Assam region. The exploration would find a significant hike in the chances of finding petrochemical coke, which would assist associated markets. Oct 2018- Rain Carbon, Rain Industries’ subsidiary is all set to resume petroleum coke shipments to its Vizag facility. This company uses GPC (green petroleum coke) as its chief feedstock for producing CPC (calcined petroleum coke). Read more reports at: https://www.marketresearchfuture.com/categories/chemicals-market-report Read more details at: https://www.marketresearchfuture.com/infographics Read more details at: https://www.marketresearchfuture.com/videos About Market Research Future:- At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. Contact Us: Wantstats Research and Media Private Limited 99 Hudson Street,5Th Floor New York, New York 10013 United States of America Maharashtra, India

#Petroleum Coke Market #Petroleum Coke Market trends #Petroleum Coke Market share #Petroleum Coke Market size #market research

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markettrendus · 3 years ago

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Global Needle Pet Coke Market Growth by Manufacturers, Regions, Type and Application, Production, Revenue, Price and Gross Margin Analysis to 2022

Global Needle Pet Coke market Report 2022 gives the in detail look into consider revealing insight into various business verticals. It incorporates key business factors which prompt market improvement and progression. Overall Needle Pet Coke market report portions the business into different classifications in light of the assembling regions. The industry report gives the total learning which…

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#Needle Pet Coke Market #Needle Pet Coke Market Outlook

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reportr · 3 years ago

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Pet Coke Market, business application, growth driver, price trends, covid-19 outbreak and forecast 2027

Market Overview:

Pet coke is used in a wide range of application owing to their excellent properties such as low VOC content, low ash content and high calorific value among others. It is extensively used in the power generation, cement industry, steel industry, and aluminum industry among others. The increasing consumption in the power sector and cement industry across the globe is substantially affecting the growth of the pet coke market.

The global pet coke market is being driven by a range of application in the various end-use industries. The growing need for energy in the developing regions throughout the globe is one of the major factors driving the global market. Moreover, it is estimated that the fuel grade coke is set to witness the highest growth due to the growing power industry owing to its low production cost and high calorific value among others during the forecast period, 2017-2023.

Market Segmentation:

The global Pet Coke Market is segmented into product type and end-user. On the basis of the product type, the market is segregated into needle coke, sponge coke, catalyst coke, shot coke, and purge coke. On the basis of grade, the market is classified as fuel grade and calcined grade. The market by application industry is further categorized into power plants, cement industry, steel industry, aluminum industry, and others.

Market Scenario:

The power sector followed by the steel and cement industry is anticipated to observe a higher CAGR during the forecast period. Pet coke is used in the anodes for the manufacture of metals, in the production of titanium dioxide, and also acts as a feed stock for coke oven batteries.

Access Complete Report @

https://www.marketresearchfuture.com/reports/pet-coke-market-5349

Regional Analysis:

The global pet coke rubber market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market and is expected to be the fastest growing region at an exponential CAGR. The presence of the most populated countries in the world such as India and China has augmented the demand for energy which, in turn, is anticipated to fuel the demand for pet coke in the region. Moreover, the growing urbanization and industrialization in the region have augmented the demand for pet coke in various industries such as steel, aluminum, and cement industry which will further add to the market growth.

The European region is estimated to witness a significant growth owing to the demand for the cheap and environment-friendly product in the power sector. The increasing use of pet coke as an alternative to coal in the industries of the region is expected to fuel the market growth during the forecast period.

The North American pet coke market is mainly driven by the U.S. and Canada. The presence of the developed end-user industries coupled with the increasing adoption rate is the major factor for the market growth. In addition, the approval by the Environment Protection Agency for the use of petroleum coke is another factor for the positive growth of the market.

Competitive Analysis:

Some of the prominent players operating in the global pet coke market are Chevron Corporation (U.S.), British Petroleum (London), Essar Oil Ltd.(India), Hindustan Petroleum Corporation Limited (India), ExxonMobil Corporation (U.S), Indian Oil Corporation Limited (India), Royal Dutch Shell Plc (Netherland), Reliance Industries Limited (India), Saudi Arabia Oil Company (Saudi Arabia), Valero Energy Corporation (U.S.) and Conoco Philips (U.S.)

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.

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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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rs12345 · 3 years ago

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firewall Products And Firewall Market Share

The firewall market is a very complex and competitive sector. There are many types of firewall devices available, each with their own unique selling points and security attributes. As a firewall market player, it is important for firewall manufacturers to perform up to date firewall market share analysis to determine what types of products are on the market, how the current players are growing, and what competitors are offering. A firewall market share analysis can be performed by any firewall company, but it is a particularly valuable service to have done for companies in the firewall software space that have a number of products that compete directly with the leading firewall products.

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A firewall market share analysis will first identify the types of firewall products in use today. It will then compare those products to known threats. Some of the common types of threats include Distributed Denial-of-Service (DDoS), worms, Trojan horses, and rogue software. Each of these poses a significant threat to organizations and should be a top priority in an organization's firewall product development and deployment strategy. It is important to take these types of threats into consideration as part of the firewall market share analysis. Not only will this help to ensure that you are developing and deploying the right firewall in the right environment, it will also help you become the leader in your field.

Next, the firewall market share analysis will consider some of the ways in which your competitors are growing and diversifying their markets. As competition increases and companies look to reduce their operating costs, one of the first things to go will be firewall investments. As more firewall products are brought out, the remaining ones will become more relevant as products that have both security and cost benefits become more important to end users. In addition, as more companies look to partner with smaller companies to provide both IT and firewall support, you will find that those partnerships will become even more important as you try to stay ahead of the trends.

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One of the other factors that will impact the firewall market share of any firewall product will be the amount of data that actually travels through them. There are a number of different threats to firewall applications - data that is not encrypted or is passing through a firewall at the time of an intrusion. While firewalls can prevent many of these types of data transfers, they have very limited ability to filter out malicious network code. Some of the more common data that could be encrypted include: credit card numbers, bank accounts, and passwords. As more data moves through firewall-protected systems, you will need to make sure that you have the ability to filter this out.

Another factor will be whether or not you are implementing software updates as part of your firewall market share management strategy. Many customers prefer to not have to wait for an update to be delivered to their firewall. In order to get this customer satisfaction, you need to make sure that you have a firewall that supports automatic updates. When customers can easily install and update the firewall on their firewall platform, they are much more likely to do so. Many firewall distribution companies are working toward adding automatic updates to more firewall products on a regular basis.

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Another factor that will impact firewall market share is the ease of use and setup. You should always try to make firewall installation as easy as possible. In some cases, firewall customers prefer to avoid firewall installations because of their lack of any technical support. If you are the firewall market share friendly and offer easy to use firewall installations, you will have a leg up in this market. Any firewall installation that requires any type of technical knowledge to manage should be avoided.

One last factor that will impact firewall market share is price. There are a large variety of firewall products on the market - ranging from firewall management solutions to firewall replacement. Each firewall solution will have its own relative cost. However, it is often easier and cheaper to replace firewall products than it is to install new firewall software. This will play a large part in determining which firewall market share positions you will be in over the long term.

As with any business, firewall market share is all about the right mix of products that customers are comfortable with and that are priced competitively. If you can provide a good firewall product at an affordable price, you will be in good shape for years to come. Companies that get into the firewall market with too many products or that try to implement many different firewall solutions may find themselves running into issues in the future. If you want to increase your firewall market share, make sure you have a good firewall product that is priced competitively and that customers are comfortable using.

Summary

Further key aspects of the report indicate that:

Chapter 1: Research Scope: Product Definition, Type, End-Use & Methodology

Chapter 2: Global Industry Summary

Chapter 3: Market Dynamics

Chapter 4: Global Market Segmentation by region, type and End-Use

Chapter 5: North America Market Segmentation by region, type and End-Use

Chapter 6: Europe Market Segmentation by region, type and End-Use

Chapter 7: Asia-Pacific Market Segmentation by region, type and End-Use

Chapter 8: South America Market Segmentation by region, type and End-Use

Chapter 9: Middle East and Africa Market Segmentation by region, type and End-Use.

Chapter 10: Market Competition by Companies

Chapter 11: Market forecast and environment forecast.

Chapter 12: Industry Summary.

The global Needle Coke market has the potential to grow with xx million USD with growing CAGR in the forecast period from 2021f to 2026f. Factors driving the market for @@@@@ are the significant development of demand and improvement of COVID-19 and geo-economics.

Based on the type of product, the global Needle Coke market segmented into

Switches

Routers

Modem

Hubs

Set-Top Boxes

Others

Based on the end-use, the global Needle Coke market classified into

Household

Enterprise

Organization

Others

Based on geography, the global Needle Coke market segmented into

North America [U.S., Canada, Mexico]

Europe [Germany, UK, France, Italy, Rest of Europe]

Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]

South America [Brazil, Argentina, Rest of Latin America]

Middle East & Africa [GCC, North Africa, South Africa, Rest of Middle East and Africa]

And the major players included in the report are

HUAWEI

CISCO

ZTE

Ruijie

TP-Link

Netgear

Juniper

Tengda

D-Link

H3C Holding

Frequently Asked QuestionsWhat is the USP of the report?

Needle Coke Market report offers great insights of the market and consumer data and their interpretation through various figures and graphs. Report has embedded global market and regional market deep analysis through various research methodologies. The report also offers great competitor analysis of the industries and highlights the key aspect of their business like success stories, market development and growth rate.

What are the key content of the report?What are the value propositions and opportunities offered in this market research report?Related Reports

Near-infrared Spectroscopy Market

Near Infrared Analyzers Market

Natural Source Vitamin E Market

Natural Food Flavors and Colors Market

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digtalganacharaya · 4 years ago

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Calcined Petcoke Market Industry Analysis, Share, Growth, Trends and Forecast, 2025

An exclusive research report on the Calcined Petcoke Market 2020 has been fabricated through the detailed analysis of the Calcined Petcoke Market dynamics along with some significant aspects of the industry. The world Calcined Petcoke Market report provides a detailed summary of the major segments within the Calcined Petcoke Industry. The quickest, as well as slowest Calcined Petcoke Market segments, are outlined properly within this report. The segmentation of the Calcined Petcoke Market by end-users, regional countries, product types, and key manufacturers has been carried out based on differentiable validation and industrial analysis through extensive primary and secondary research. Furthermore, the Calcined Petcoke market has been utilizing several technical methods and internal statistical techniques.

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This report also states import/export, supply and demand Figures, cost, price, revenue, and gross margins. This collected data is especially sourced from primary and secondary sources. This report helps to attain an overview of the Market which helps to understand Industry development, directly related to the participants of the worldwide industry. This report is framed in a way which comprises all features of the worldwide Calcined Petcoke Market. the global Calcined Petcoke market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status.

Major Market Players Covered In This Report:

Oxbow, Aminco Resource, BP, PetroCoque, ConocoPhillips, Atha Group, Carbograf, Rain CII Carbon, Minmat Ferro Alloys, Goa Carbon, Asbury Carbons, Shandong KeYu Energy, Lianxing New Materials Technology, Zhenhua Carbon Technology

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According to the report, product expense of the Calcined Petcoke market is segmented into:

Needle Coke, Shot Coke, Sponge Coke, Honeycomb Coke

Apart from that the application market is segmented into:

Aluminum Industry, Steel Industry, Others

Key Benefits of Global Calcined Petcoke Market Report:

This study presents an analytical depiction of the worldwide Calcined Petcoke industry along side the present trends and future estimations to depict the approaching investment pockets.

The report includes information associated with key drivers, restraints, and opportunities with an in depth impact analysis.

The overall Calcined Petcoke market potential is decided to know the lucrative trends to realize a stronger foothold within the industry.

The current market is quantitatively analyzed, to spotlight the financial competency of the Calcined Petcoke market.

To identify and state the demand and provide forecast, Porter's five forces analysis illustrates the potency of the buyers and suppliers within the market.

Customization of the Report: This report can be customized as per your needs for additional data or countries. Please connect with our sales team ([email protected])

#Calcined Petcoke

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top-market-research · 4 years ago

Photo

The Global Bitumen Market report, published by Reports and Data, unravels a wide spectrum of significant factors impacting the performance of the sector. It uses the historical analysis of the market from 2017 to 2018 to provide the reader with an accurate understanding of the current market scenario and offer concise market estimations for the forecast period of 2019 to 2027. The latest market intelligence report extensively studies the ongoing growth trends, emerging market segments, and growth prospects over the projected timeframe. It further sheds light on the ever-changing patterns, dominant facets, infrastructural properties, and the dynamic environment of the Bitumen bacteriostatic or bactericidal.

The report lists down some critically important parameters that help the market bolster its global foothold and contribute substantially to future revenue generation. Additionally, the report includes specific details related to the Bitumen industry or or Asphalt, such as product offerings, sales and revenue estimates, leading regions, key market contenders, and technological upgradation.

The latest report is the most recent one offering full coverage of the impact of the ongoing COVID-19 pandemic on the global Bitumen business vertical. The outbreak has extensively affected the global economic landscape. The report examines the current scenario of the ever-evolving business setting and the aftereffects of COVID-19 on the market. The global health crisis has brought massive changes to the market, revolutionizing the global economic scenario. Besides drastically affecting the Bitumen Market or Asphalt, the pandemic has led to severe disruptions to supply chains and caused volatility in prices and demands. However, the market is expected to regain momentum in a post-COVID-19 scenario, according to our market analysts. Further, experts assessed the essential facts and figures relevant to this market using several industry-wide prominent analytical tools, such as SWOT analysis and Porter’s Five Forces.

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Competitive Terrain:

A precise summary of the intensely competitive landscape of the global Bitumen Market has been included in the latest report, with the systematic listing of the company profiles of the leading market players. This section of the report studies the strategic initiatives undertaken by these market rivals for business expansion. In addition, it highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of both established and new players have been assessed using effective analytical tools like SWOT analysis.

The following are the leading market players:

Indian Oil Corporation, Chevron Texaco Corporation, China Petroleum and Chemical Corporation, Total, British Petroleum, JX Nippon Oil & Energy Corporation, Villas Austria, Royal Dutch Shell, Marathon Oil Corporation, Petroleos Mexicanos, NuStar Energy, Nynas, Exxon Mobil, Bouygues, Imperial Oil.

Regional Overview:

The latest research report entails an in-depth analysis of the current growth opportunities for various regions of the Bitumen Market, gauging their revenue share over the forecast timeline. Furthermore, the report analyzes the year-on-year growth rate of these regions over the forecast duration. The leading geographic regions encompassed in the report include:

· North America

· Europe

· Asia Pacific

· Latin America

· Middle East & Africa

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Other significant market segments highlighted in the report are:

Product Type:

Rapid setting (RS)

Medium setting (MS)

Slow setting (SC)

Application Outlook:

Roadways

Waterproofing

Adhesive

Insulation

Others

The report considers the following timeline for market estimations:

· Historical Years: 2017-2018

· Base Year: 2019

· Estimated Year: 2027

· Forecast Period: 2020-2027

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Highlights of the TOC:

1. Global Bitumen Market Report Overview: Research Scope Key Bitumen Market segments Major players Market analysis by product Market analysis by application Report timeline

2. Global Growth Trends Global Bitumen Market size Latest trends of the Bitumen Market by region Key growth trends

3. Global Bitumen Market by Product Global Bitumen Sales by Product Global Bitumen by Product Revenue

Key takeaways of the Global Bitumen Market report:

· The report enumerates the most vital market drivers, restraints, opportunities, threats, and challenges.

· The report reviews the regulatory framework for creating new opportunities in various regions of the market and focuses on the new revenue streams for the players in the emerging markets.

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· The report studies the recent research & development projects, along with the technological innovations in the key regional segments.

· The report highlights the potentially market-disrupting technological advancements and business models that are poised to take the market to an all-new level of growth.

· It offers details in the rising revenue share and size of the leading product segments of the market during the forecast period.

Key queries addressed in the report are as follows:

· Which product segments have witnessed new, profitable application areas over recent years?

· Which business models are projected to fast-track the expansion of the key regional markets over the forecast timeframe?

· Which strategic initiatives adopted by the market rivals are expected to fortify their already established presence in the Automotive Lubricants industry?

· Which technologies prevailing in the market are expected to witness the highest research investments in the near future?

· What will be the significant sources of funding for start-ups and new entrants in the industry?

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Browse Related Reports –

1. Needle Coke Market @

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2. Industrial Wax Market@

https://www.reportsanddata.com/report-detail/industrial-wax-market

Thank you for reading our report. For further inquiries, please get in touch with us. Our team will ensure your report is designed as per your needs.

#Bitumen Market #Bitumen Marketshare #Bitumen Market size #Bitumen 2020 #reports and data

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ajjpatil · 5 years ago

Text

Calcined Petroleum Coke Market Seeking Growth Emerging Players (2019-2025) - Oxbow, Aminco Resource, Aluminium Bahrain

Research Kraft recently introduced an in-depth study of the Global Calcined Petroleum Coke Market, describing the product / industry scope and developing market outlook and status up to 2025. A comprehensive analysis collected to provide the latest insights into the Global Calcined Petroleum Coke market's acute features. Calcined Petroleum Coke Market explores the effective study of high-leading players in various sectors of industry such as opportunities, size, growth, technology, demand and trend. Calcined Petroleum Coke also offers market-specific statistics on the state of suppliers, a valuable source of advice, guidance for businesses and those involved in the industry.

DOWNLOAD FREE SAMPLE REPORT at: https://www.researchkraft.com/request-sample/1028815

Key Manufacturers Diagnosis:

Oxbow, Aminco Resource, Aluminium Bahrain, Asbury Carbons, Atha Group, Carbograf, RAIN CII CARBON, Minmat Ferro Alloys, Ferrolux, Shandong KeYu Energy, Lianxing New Materials Technology, Zhenhua Carbon Technology, Cocan Graphite, MMC Saudi

The Market is Segmented by Product Type as Follows:

Needle Coke Type

Shot Coke Type

Sponge Coke Type

Honeycomb coke type

Breakdown Information by Application and Market Share and Growth, Covering:

Aluminum industry

Steel industry

Titanium dioxide

Other applications

Each geographic segment of the market was independently examined with pricing and analysis, distribution, and demand data for geographic market notably:

Americas, United States, Canada, Mexico, Brazil, APAC, China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK, Italy, Russia, Spain, Middle East & Africa, Egypt, South Africa, Israel, Turkey, GCC Countries

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The Global Calcined Petroleum Coke Market Research Report is a comprehensive market research report that includes an introduction to new trends that can guide businesses in the industry to understand the market and make the strategies for their business growth. The Calcined Petroleum Coke research report looks at market size, industry share, key growth drivers, major segments, and CAGR. The Calcined Petroleum Coke report will answer questions about current market advances and the competitive scope, opportunities, costs and more. The report also scrutinizes in-depth the key international players on the Calcined Petroleum Coke market.

The latest advancements in the Calcined Petroleum Coke industry and changing market trends are key drivers for huge growth. This study also lists the risk factors that will have a direct impact on the global Calcined Petroleum Coke market in the coming years. The types, applications, and key regions of the revenue-generating Calcined Petroleum Coke are assessed. This business report on Calcined Petroleum Coke also analyzes the top countries with their market potential in those areas.

Highlights of the report:

Scrutinized driver data and restrictions affecting the Calcined Petroleum Coke market's growth.

Provide insights into factors affecting growth in the market. Analyzing the Calcined Petroleum Coke industry based on a variety of factors-price analysis, supply chain analysis, porter analysis of five powers etc.

Detailed analysis of the global Calcined Petroleum Coke market's distribution channels, and consumption patterns.

Comprehensive market player assessment of Calcined Petroleum Coke that includes strengths, weaknesses, opportunities and threats.

Extensive detail on recent Calcined Petroleum Coke R&D ventures across different regions and end-use industries.

Updated insights into trends affecting the growth of the Calcined Petroleum Coke market, including ecological preservation, and regulatory standards.

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#Calcined Petroleum Coke Market

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reportr · 3 years ago

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Pet Coke Market, business application, growth driver, price trends, covid-19 outbreak and forecast 2027

Market Overview:

Pet coke is used in a wide range of application owing to their excellent properties such as low VOC content, low ash content and high calorific value among others. It is extensively used in the power generation, cement industry, steel industry, and aluminum industry among others. The increasing consumption in the power sector and cement industry across the globe is substantially affecting the growth of the pet coke market.

The global pet coke market is being driven by a range of application in the various end-use industries. The growing need for energy in the developing regions throughout the globe is one of the major factors driving the global market. Moreover, it is estimated that the fuel grade coke is set to witness the highest growth due to the growing power industry owing to its low production cost and high calorific value among others during the forecast period, 2017-2023.

Market Segmentation:

The global Pet Coke Market is segmented into product type and end-user. On the basis of the product type, the market is segregated into needle coke, sponge coke, catalyst coke, shot coke, and purge coke. On the basis of grade, the market is classified as fuel grade and calcined grade. The market by application industry is further categorized into power plants, cement industry, steel industry, aluminum industry, and others.

Market Scenario:

The power sector followed by the steel and cement industry is anticipated to observe a higher CAGR during the forecast period. Pet coke is used in the anodes for the manufacture of metals, in the production of titanium dioxide, and also acts as a feed stock for coke oven batteries.

Access Complete Report @

https://www.marketresearchfuture.com/reports/pet-coke-market-5349

Regional Analysis:

The global pet coke rubber market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the market and is expected to be the fastest growing region at an exponential CAGR. The presence of the most populated countries in the world such as India and China has augmented the demand for energy which, in turn, is anticipated to fuel the demand for pet coke in the region. Moreover, the growing urbanization and industrialization in the region have augmented the demand for pet coke in various industries such as steel, aluminum, and cement industry which will further add to the market growth.

The European region is estimated to witness a significant growth owing to the demand for the cheap and environment-friendly product in the power sector. The increasing use of pet coke as an alternative to coal in the industries of the region is expected to fuel the market growth during the forecast period.

The North American pet coke market is mainly driven by the U.S. and Canada. The presence of the developed end-user industries coupled with the increasing adoption rate is the major factor for the market growth. In addition, the approval by the Environment Protection Agency for the use of petroleum coke is another factor for the positive growth of the market.

Competitive Analysis:

Some of the prominent players operating in the global pet coke market are Chevron Corporation (U.S.), British Petroleum (London), Essar Oil Ltd.(India), Hindustan Petroleum Corporation Limited (India), ExxonMobil Corporation (U.S), Indian Oil Corporation Limited (India), Royal Dutch Shell Plc (Netherland), Reliance Industries Limited (India), Saudi Arabia Oil Company (Saudi Arabia), Valero Energy Corporation (U.S.) and Conoco Philips (U.S.)

Request For Sample Report Here @

https://www.marketresearchfuture.com/sample_request/5349

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Market Research Future

Phone: +16468459312

Email: [email protected]