Petroleum Coke Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020
Albany, New York (PRWEB) January 23, 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.
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Fuel grade coke carries benefits such as high calorific value at low costs, making it a preferred source of fuel to natural gas and coal. In 2013 fuel grade coke held sway over 72.0% of the total petroleum coke market, whereas calcined coke accounted for a comparatively modest 26.0% of the total market share in the same year. The latter is expected to lose further market share, plausibly constituting only 24.0% of the global petroleum coke market by 2020. Calcined coke finds applications in the paints and coloring, aluminum, fertilizer, paper and steel industries, where it is chiefly used for producing titanium dioxide.
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By geography, the global petroleum coke market was dominated by Asia Pacific in 2013 with a 32.0% share of the market. Europe came a distant second with approximately 24.0% share of the global petroleum coke market in the same year. These two regions are forecast to be the forerunners in the global petroleum coke market through 2020.
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