The Global Petroleum Coke Market 2020
Albany, New York (PRWEB) January 13, 2015
According to the report, the global market for petroleum coke was valued at USD 13,288.0 million in 2013 and is likely to reach USD 24,117.9 million by 2020, expanding at a CAGR of 8.5% between 2014 and 2020.
Product segments analyzed in this study include fuel grade coke and calcined coke. Fuel grade coke is expected to be the most dominant segment in terms of global demand for petroleum coke. Emerging economies and growing population propel demand for fuel grade coke, especially in countries in Asia Pacific such as India and China. Low cost and high calorific value make fuel grade coke a preferred fuel over coal and natural gas. Majority of the fuel grade coke produced globally is used as fuel in power plants and cement industries Fuel grade coke accounted for over 72.0% of market share in 2013. Calcined coke held 26.0% of market share in 2013. Its market share is expected to reach 24.0% by 2020. Calcined coke is primarily used in aluminium industry along with paints and colorings, steel, paper and fertilizer industries for the production of titanium dioxide.
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Asia Pacific dominated the global petroleum coke market in 2013. Asia Pacific is the leading market for petroleum coke with over 32.0% share of the global market in terms of revenue in the year 2013. This is primarily attributed to high demand for petroleum coke in developing economies such as India and China. Most of the petroleum coke in India and China is used in cement and power plants industries. Europe accounted for 24.0% share of the global market in 2013. Asia Pacific and Europe are likely to exhibit the highest growth rate during the forecast period. Thus, Europe and Asia Pacific are lucrative markets for petroleum coke. Hence, the petroleum coke market is anticipated to rise at a healthy rate during the forecast period.
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Companies such as BP Plc, Chevron Corporation, Essar Oil Ltd, ExxonMobil Corporation, HPCL - Mittal Energy Corporation, Indian Oil Corporation Limited, Reliance Industries Limited, Royal Dutch Shell Plc, Saudi Arabian Oil Company and Valero Energy Corporation are expected to dominate the market in the near future.
Petroleum Coke Market: Product Segment Analysis
- Fuel Grade Coke
- Calcined Coke
Petroleum Coke Market: End-use Segment Analysis
- Power Plants
- Cement Kilns
- Blast Furnace
Petroleum Coke Market: Regional Analysis
- North America
- Asia Pacific
- Rest of the World (RoW)
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