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Global Petroleum Coke Market to be Worth US$24.1 bn by 2020 Due to Cost Efficiency

Posted on Nov 23, 2015

Transparency Market Research has announced the publication of a new report, titled “Petroleum Coke Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020”. The report presents insights into the market drivers, restraints, opportunities, and threats in the global petroleum coke market. The research report estimates that this market will register a CAGR of 8.5% from 2014 to 2020. This robust growth rate will mainly be a result of accelerating industrialization in developing nations of the world. According to the research report, the global petroleum coke market was valued at US$13.3 bn in 2013 and is expected to be worth US$24.1 bn by 2020. 

 

Browse the full Petroleum Coke Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 report at http://www.transparencymarketresearch.com/petroleum-coke-market.html

The global petroleum coke market is segmented on the basis of products, end use, and geography. There are two types of products in the petroleum coke market, namely, fuel grade coke and calcined coke. Depending on the end use of petroleum coke, the market is divided into calcining, cement kilns, power plants, blast furnace, and others. Geographically, the global petroleum market is categorized into Asia Pacific, Europe, North America, and Rest of World.

 

The fuel grade coke segment is expected to dominate the global petroleum coke market due to its cost efficiency over natural gas and coal. Fuel grade coke segment will also witness a good growth rate due to the high calorific value of the product in comparison to natural gas and coal. However, calcined pet coke is also projected to grow in the coming years due to growing production of aluminum. The only hindrance witnessed by the global petroleum coke market is the negative impact of these products on the environment that is significantly contributing to pollution. However, players can turnaround this restraint into a driver by shifting to petcoke gasification to offer cleaner power solutions for better profit margins. 

 

Geographically, Asia Pacific dominated the global petroleum coke market in 2013, accounting for 32.0% of the overall market, in terms of revenue. The growth of this segment can be attributed to increasing demand for petcoke in the developing economies of India and China. As the cement and power generation industries cater to demand generated from the rapid industrialization, manufacturing sector, and stabilizing economy, the need for petcoke in these countries also multiplies.For a comprehensive outlook, the research on the global petroleum coke market studies the important players in the market. Some of the profiled companies in this market are Reliance Industries Limited, BP Plc, Essar Oil Ltd, Chevron Corporation, Saudi Arabian Oil Company, ExxonMobil Corporation, Indian Oil Corporation Limited, Royal Dutch Shell Plc, and Valero Energy Corporation. The company profile includes an analysis of their financial status, research and development activities, business and marketing strategies, and overall outlook for the coming few years.

 

The global petroleum coke market has been segmented in the following ways:

 

Petroleum Coke Market: Product Type Analysis

  • Fuel Grade Coke
  • Calcined Coke

Petroleum Coke Market: End Use Segment Analysis

  • Calcining
  • Power Plants
  • Cement Kilns
  • Blast Furnace
  • Others

Petroleum Coke Market: Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)

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