Transparency Market Research’s report on petroleum coke market provides a comprehensive review of the size, growth, and the forecast for this market. Petroleum coke or petcoke is a result of myriad distillation processes used for refinement of heavy crude oil. It is a co-product of the process, and not a by-product. The petroleum coke market across the globe has seen a steady rise over the past few years. The ease in availability of the coke has fueled the demand, and kept the market supremely active in these years. Its growth has surpassed figures shown in the cement and power industry too. The petcoke market has also become the toughest competition for the coal market.
The research report provides an insight into powerful dynamics of the volatile petroleum coke market, and the ever-changing trends thereof. The report aims to provide the users accurate data and verifiable facts that can become solid foundations for make well-informed business decisions. The expert analysis uses Porter's five forces analysis to make conclusive statements, and provide thorough knowledge about the threat from new entrants, influence of substitute products in the market, it also explains the bargaining power of consumers and suppliers, and lastly, estimates the intensity of competition from rivals.
The last section of the report, Company Profiles, enables the readers with further credible information of leading market players in the global petroleum coke market.
Petroleum coke or petcoke is a co-product created during the distillation processes in the refining of heavy crude oil. The processes include delayed coking, fluid coking, contact coking, and flexicoking. Despite being a co-product of the involved processes, petcoke has incredible economic value, and has thus become a product worth a study for every market entrant. Owing to this quality, it is largely used as heating fuel, and also as a raw material in other manufacturing processes. About half the petroleum refineries in U.S. are using coking processes for converting heavy crude oils into refined petroleum products. However, post-recession, dynamics of this market have shifted to ever-growing Asian markets from well-established western regions. This shift has led of change of dynamics in the petroleum coke supply and demand.
The consumption of petroleum coke is likely rise globally are several oil refiners are dedicated to find a market for this valuable co-product. Finding these markets will be a carefully planned move, as its production is not based on the markets, or its trend. It is rather a compulsory product of the mandatory refining processes. The petroleum coke market is quite small, and is caught between big industry players such as aluminum, steel, cement, electricity generation, and oil refining.
Companies mentioned in the research report
This market research report also contains leading petcoke players such as: Conoco Phillips Chevron Corporation, Exon Mobil, and Valero Energy Corporation.
This market research report analyzes the following geographies:
- North America
- Asia Pacific
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
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- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments