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Petroleum Coke Market

Petroleum Coke Market (Product Type: Fuel Grade Coke and Calcined Coke; and End-use: Calcining, Power Plants, Cement Kilns, Blast Furnaces, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

Petroleum Coke Market Outlook 2031

  • The global petroleum coke market was valued at US$ 24.1 Bn in 2020
  • It is estimated to expand at a CAGR of 8.1% from 2021 to 2031
  • The global petroleum coke market is expected to reach the value of US$ 56.8 Bn by the end of 2031

Petroleum Coke Market: Overview

  • The global petroleum coke market is envisaged to take massive strides forward in its growth owing to incessant power need of the energy and cement sectors, especially in emerging countries of Asia Pacific
  • The growth of the world petroleum coke market could be further complemented on the back of quick expansion of steel production due to the development of transportation, highway, railway, automobile, and construction industries. Besides its usage as a cost-effective and an alternative fuel, petroleum coke could be engaged as a profitable asset in the manufacture of certain chemicals and as a confined power generation fuel.
  • Due to growing environmental concerns and pollution, the employment of petroleum coke could be discouraged, thus negatively affecting the global demand for petroleum coke. However, the process of gasification of petroleum coke is expected to boost profit margins and encourage clean power production.

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Aluminum Industry a Major Consumer of Calcined Coke

  • In terms of product type, the worldwide petroleum coke market could be classified into calcined or green coke and fuel grade coke. The aluminum sector is researched to be a major consumer of calcined coke. It could account for a staggering 75% to 80% of the demand in the calcined coke market on a global platform by 2031. The remaining percentage of the demand for calcined coke is predicted to be secured by steel, paper, paint, and chemical sectors.
  • Calcined coke in these sectors could be used for manufacture of titanium dioxide pigments. Moreover, calcined coke finds extensive application in fertilizer, glass, brick, and colorings markets.
  • Fuel grade coke, on the other hand, is envisioned to be highly utilized in power and cement kilns sectors. This type of petroleum coke could also draw a high demand due to its ability to blend with traditional coal-fired boilers.
  • Fuel grade coke is expected to benefit from the complete replacement of steam coal by technologically-enhanced boiler designs

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Cement and Power Generation Applications Reinforce Market Growth in Asia Pacific

  • The Asia Pacific petroleum coke market is foretold to gain a strong impetus in the near future as it rides on a stunning growth in developing economies of China and India. The cement sector of India is likely to engage petroleum coke at a significant rate. Power plants in China are projected to use major percentage of petroleum coke for the generation of power.
  • Rise in population and aggressive industrialization in Asia Pacific are expected to raise the hopes of petroleum coke manufacturers operating in these regions. More opportunities are foreseen to take shape in Asia Pacific as the region dominates the international petroleum coke market in respect of demand led by colossal imports. At present, the U.S. is analyzed to hold the dominant position in the export of petroleum coke. The low cost of petroleum coke is likely to be a major attraction for its import since a substantial quantity of power could be produced at an economical rate. Besides this, a large quantity of heat can be produced with a small quantity of petroleum coke.
  • Europe is anticipated to be another major importer of petroleum coke due to its increasing demand in the region. Petroleum coke is considered a preferable option instead of natural gas and coal in view of its timely and easy availability.

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Petroleum Coke Market: Competition Landscape

  • Of all the major players operating in the global petroleum coke market,
    • HPCL-Mittal Energy Limited (HMEL)
    • ExxonMobil Corporation
    • Essar Oil Ltd.
    • Chevron Corporation
    • BP Plc are anticipated to be prominent

Petroleum Coke Market Snapshot

Attribute

Detail

Market Size Value in 2020 (Base Year)

US$ 24.1 Bn

Market Forecast Value in 2031

US$ 56.8 Bn

Growth Rate (CAGR)

8.1%

Forecast Period

2021-2031

Quantitative Units

US$ Bn for Value & Million Tons for Volume

Competition Landscape

Company Profiles section includes overview, product portfolio, key subsidiaries or distributors, strategy & recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • Product Type
    • Fuel Grade Coke
    • Calcined Coke
  • End-use
    • Calcining
    • Power Plants
    • Cement
    • Blast Furnace
    • Others

Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Countries Covered

  • U.S.
  • Canada
  • Germany
  • France
  • U.K.
  • Italy
  • Russia & CIS
  • China
  • Japan
  • India
  • ASEAN
  • Brazil
  • Mexico
  • GCC Countries
  • South Africa

Companies Profiled

  • BP Plc
  • Chevron Corporation
  • Essar Oil Ltd.
  • ExxonMobil Corporation
  • HPCL - Mittal Energy Limited
  • Indian Oil Corporation Limited
  • Reliance Industries Limited
  • Royal Dutch Shell Plc
  • Saudi Arabian Oil Co.
  • Valero Energy Corporation

Customization Scope

Available upon Request

Pricing

Available upon Request

Petroleum Coke Market – Segmentation

TMR’s research study assesses the global petroleum coke market in terms of product type, end-use, and region. This report presents extensive market dynamics and trends associated with different segments of the market and how they are influencing growth prospects of the global petroleum coke market.

Product Type
  • Fuel Grade Coke
  • Calcined Coke
End-use
  • Calcining
  • Power Plants
  • Cement Kilns
  • Blast Furnaces
  • Others
Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa
Petroleum Coke Market

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Frequently Asked Questions

What is the Petroleum Coke Market Size?

Petroleum Coke Market is projected to reach US$ 56.8 Bn by the end of 2031

What is the CAGR for Petroleum Coke Market?

Petroleum Coke Market is expected to grow at a CAGR of 8.1% during 2021-2031

What are the key factors driving the growth of Petroleum Coke Market?

Rise in demand for Petroleum Coke in steel, paper, paint, and chemical sectors is expected to drive the Petroleum Coke Market

Which region is more attractive for vendors in the Petroleum Coke Market?

Asia Pacific is a more attractive region for vendors in the Petroleum Coke Market

Who are the key players in the Petroleum Coke Market?

Key vendors in the Petroleum Coke Market are HPCL-Mittal Energy Limited (HMEL), ExxonMobil Corporation, Essar Oil Ltd., Chevron Corporation BP Plc

1. Preface

    1.1. Report Description

    1.2. Research Scope

    1.3. Market Segmentation

    1.4. Research Methodology

2. Executive Summary

3. Petroleum Coke Market – Industry Analysis

    3.1. Introduction

    3.2. Market Drivers

        3.2.1. Increasing Use of Petroleum Coke as Fuel in Cement and Power Industries, Especially In Asia Pacific Countries

        3.2.2. Increase in the Aluminum Production Augments the Demand for Calcined Petroleum Coke

    3.3. Market Restraints

        3.3.1. Adverse Impact of Petroleum Coke on the Environment and Human Health Is Creating a Barrier for the Growth of the Petroleum Coke Market

    3.4. Market Opportunities

        3.4.1. Petroleum Coke Gasification Leads To Clean Power Production

    3.5. Value Chain Analysis

    3.6. Porter’s Five Forces Analysis

        3.6.1. Bargaining Power of Suppliers

        3.6.2. Bargaining Power of Buyers

        3.6.3. Threat from Substitutes

        3.6.4. Threat of New Entrants

        3.6.5. Degree of Competition

    3.7. Market Attractive Analysis for Petroleum Coke Market, by End-use, 2020 – 2031

4. Global Petroleum Coke Market – Product Type Analysis

    4.1. Global Petroleum Coke Market: Product Segment Overview

        4.1.1. Global Petroleum Coke Market Revenue Share, by Product Type, 2020 And 2031

    4.2. Fuel Grade Coke

        4.2.1. Global Fuel Grade Coke Market, Volume and Revenue, 2020 – 2031, (Million Tons) (US$ Bn)

    4.3. Calcined Coke

        4.3.1. Global Calcined Coke Market, Volume and Revenue, 2020 – 2031 (Million Tons) (US$ Bn)

5. Global Petroleum Coke Market – End-use Segment Analysis

    5.1. Global Petroleum Coke Market: End-use Segment Overview

        5.1.1. Global Petroleum Coke Market Revenue Share, by Product Type, 2020 And 2031

    5.2. Calcining

        5.2.1. Global Calcining Market, Volume and Revenue, 2020 – 2031, (Million Tons) (US$ Bn)

    5.3. Power Plants

        5.3.1. Global Power Plant Market, Volume and Revenue, 2020 – 2031 (Million Tons) (US$ Bn)

    5.4. Cement

        5.4.1. Global Cement Market, Volume and Revenue, 2020 – 2031 (Million Tons) (US$ Bn)

    5.5. Blast Furnaces

        5.5.1. Global Blast Furnaces Market, Volume and Revenue, 2020 – 2031 (Million Tons) (US$ Bn)

    5.6. Others

        5.6.1. Global Others Market, Volume and Revenue, 2020 – 2031 (Million Tons) (US$ Bn)

6. Petroleum Coke Market – Regional Analysis

    6.1. Petroleum Coke Market: Regional Overview

        6.1.1. Global Petroleum Coke Market Revenue Share, by Geography, 2020 And 2031

    6.2. North America

        6.2.1. North America Petroleum Coke Market Estimates and Forecast, 2020 – 2031 (Million Tons) (US$ Bn)

        6.2.2. North America Petroleum Coke Market – Volume and Revenue, by Product Type, 2020 – 2031, (Million Tons) (US$ Bn)

            6.2.2.1. North America Petroleum Coke Market – Volume, by Product Type, 2020 – 2031 (Million Tons)

            6.2.2.2. North America Petroleum Coke Market – Revenue, by Product Type, 2020 – 2031, (US$ Bn)

        6.2.3. North America Petroleum Coke Market – Volume and Revenue, by End-use, 2020 – 2031, (Million Tons) (US$ Bn)

            6.2.3.1. North America Petroleum Coke Market – Volume, by End-use, 2020 – 2031, (Million Tons)

            6.2.3.2. North America Petroleum Coke Market – Revenue, by End-use, 2020 – 2031, (US$ Bn)

    6.3. Asia Pacific

        6.3.1. Asia Pacific Petroleum Coke Market Estimates and Forecast, 2020 – 2031 (Million Tons) (US$ Bn)

        6.3.2. Asia Pacific Petroleum Coke Market – Volume and Revenue, by Product Type, 2020 – 2031, (Million Tons), (US$ Bn)

            6.3.2.1. Asia Pacific Petroleum Coke Market – Volume, by Product Type, 2020 – 2031, (Million Tons)

            6.3.2.2. Asia Pacific Petroleum Coke Market – Revenue, by Product Type, 2020 – 2031, (US$ Bn)

        6.3.3. Asia Pacific Petroleum Coke Market – Volume and Revenue, by End-use, 2020 – 2031, (Million Tons), (US$ Bn)

            6.3.3.1. Asia Pacific Petroleum Coke Market – Volume, by End-use, 2020 – 2031, (Million Tons)

            6.3.3.2. Asia Pacific Petroleum Coke Market – Revenue, by End-use, 2020 – 2031, (US$ Bn)

    6.4. Europe

        6.4.1. Europe Petroleum Coke Market Estimates and Forecast, 2020 – 2031 (Million Tons) (US$ Bn)

        6.4.2. Europe Petroleum Coke Market – Volume and Revenue, by Product Type, 2020 – 2031, (Million Tons), (US$ Bn)

            6.4.2.1. Europe Petroleum Coke Market – Volume, by Product Type, 2020 – 2031, (Million Tons)

            6.4.2.2. Europe Petroleum Coke Market – Revenue, by Product Type, 2020 – 2031, (US$ Bn)

        6.4.3. Europe Petroleum Coke Market – Volume and Revenue, by End-use, 2020 – 2031, (Million Tons), (US$ Bn)

            6.4.3.1. Europe Petroleum Coke Market – Volume, by End-use, 2020 – 2031, (Million Tons)

            6.4.3.2. Europe Petroleum Coke Market – Revenue, by End-use, 2020 – 2031, (US$ Bn)

    6.5. Latin America

        6.5.1. Latin America Petroleum Coke Market Estimates and Forecast, 2020 – 2031 (Million Tons) (US$ Bn)

        6.5.2. Latin America Petroleum Coke Market – Volume And Revenue, by Product Type, 2020 – 2031, (Million Tons)(US$ Bn)

            6.5.2.1. Latin America Petroleum Coke Market – Volume, by Product Type, 2020 – 2031, (Million Tons)

            6.5.2.2. Latin America Petroleum Coke Market – Revenue, by Product Type, 2020 – 2031, (US$ Bn)

        6.5.3. Latin America Petroleum Coke Market – Volume and Revenue, by End-use, 2020 – 2031, (Million Tons) (US$ Bn)

            6.5.3.1. Latin America Petroleum Coke Market – Volume, by End-use, 2020 – 2031, (Million Tons)

            6.5.3.2. Latin America Petroleum Coke Market – Revenue, by End-use, 2020 – 2031, (US$ Bn)

    6.6. Middle East & Africa

        6.6.1. Middle East & Africa Petroleum Coke Market Estimates and Forecast, 2020 – 2031 (Million Tons) (US$ Bn)

        6.6.2. Middle East & Africa Petroleum Coke Market – Volume and Revenue, by Product Type, 2020 – 2031, (Million Tons) (US$ Bn)

            6.6.2.1. Middle East & Africa Petroleum Coke Market – Volume, by Product Type, 2020 – 2031, (Million Tons)

            6.6.2.2. Middle East & Africa Petroleum Coke Market – Revenue, by Product Type, 2020 – 2031, (US$ Bn)

        6.6.3. Middle East & Africa Petroleum Coke Market – Volume And Revenue, by End-use, 2020 – 2031, (Million Tons) (US$ Bn)

            6.6.3.1. Middle East & Africa Petroleum Coke Market – Volume, by End-use, 2020 – 2031, (Million Tons)

            6.6.3.2. Middle East & Africa Petroleum Coke Market – Revenue, by End-use, 2020 – 2031, (US$ Bn)

7. Company Profiles – Petroleum Coke

    7.1. BP Plc

        7.1.1. Company Overview

        7.1.2. Financial Overview

        7.1.3. Business Strategy

        7.1.4. SWOT Analysis

        7.1.5. Recent Developments

    7.2. Chevron Corporation

        7.2.1. Company Overview

        7.2.2. Financial Overview

        7.2.3. Business Strategy

        7.2.4. SWOT Analysis

        7.2.5. Recent Developments

    7.3. Essar Oil Ltd.

        7.3.1. Company Overview

        7.3.2. Financial Overview

        7.3.3. Business Strategy

        7.3.4. SWOT Analysis

        7.3.5. Recent Developments

    7.4. Exxonmobil Corporation

        7.4.1. Company Overview

        7.4.2. Financial Overview

        7.4.3. Business Strategy

        7.4.4. SWOT Analysis

        7.4.5. Recent Developments

    7.5. HPCL - Mittal Energy Limited

        7.5.1. Company Overview

        7.5.2. Business Strategy

        7.5.3. SWOT Analysis

        7.5.4. Recent Developments

    7.6. Indian Oil Corporation Limited

        7.6.1. Company Overview

        7.6.2. Financial Overview

        7.6.3. Business Strategy

        7.6.4. SWOT Analysis

        7.6.5. Recent Developments

    7.7. Reliance Industries Limited

        7.7.1. Company Overview

        7.7.2. Financial Overview

        7.7.3. Business Strategy

        7.7.4. SWOT Analysis

        7.7.5. Recent Developments

    7.8. Royal Dutch Shell Plc

        7.8.1. Company Overview

        7.8.2. Financial Overview

        7.8.3. Business Strategy

        7.8.4. SWOT Analysis

        7.8.5. Recent Developments

    7.9. Saudi Arabian Oil Co.

        7.9.1. Company Overview

        7.9.2. Business Strategy

        7.9.3. SWOT Analysis

        7.9.4. Recent Developments

    7.10. Valero Energy Corporation

        7.10.1. Company Overview

        7.10.2. Financial Overview

        7.10.3. Business Strategy

        7.10.4. SWOT Analysis

        7.10.5. Recent Developments

List of Tables

Table 1: Global Petroleum Coke Market Snapshot, 2020 & 2031

Table 2: Comparison between Petroleum Coke and Indian Coal

Table 3: Comparison between Combustion Emissions of Petroleum Coke and Steam Coal

Table 4: Major Planned Petroleum Coke-Based Gasification Projects

List of Figures

Figure 1: Petroleum Coke Market: Market Segmentation

Figure 2: Global Petroleum Coke Market, 2020 – 2031 (Million Tons) (US$ Bn)

Figure 3: U.S. Petroleum Coke Export in Thousand Barrels

Figure 4: Major Importers of U.S. Petroleum Coke (Thousand Barrels)

Figure 5: China Cement Production in Million Metric Tons

Figure 6: China Aluminum Production (Thousand Metric Tons/Day)

Figure 7: Petroleum Coke Gasification Process

Figure 8: Value Chain Analysis of Petroleum Coke Market

Figure 9: Porter’s Five Forces Analysis

Figure 10: Petroleum Coke Market Attractiveness, by End-use Type, 2020 – 2031

Figure 11: Global Petroleum Coke Market Revenue Share, by Product Type, 2020 And 2031

Figure 12: Global Fuel Grade Coke Market, Volume and Revenue, 2020 – 2031 (Million Tons) (US$ Bn)

Figure 13: Global Calcined Coke Market, Volume and Revenue, 2020 – 2031 (Million Tons) (US$ Bn)

Figure 14: Global Petroleum Coke Market Revenue Share, by End-use, 2020 And 2031

Figure 15: Global Calcining Market, Volume and Revenue, 2020 – 2031 (Million Tons) (US$ Bn)

Figure 16: Global Power Plant Market, Volume and Revenue, 2020 – 2031 (Million Tons) (US$ Bn)

Figure 17: Global Cement Market, Volume and Revenue, 2020 – 2031 (Million Tons) (US$ Bn)

Figure 18: Global Blast Furnaces Market, Volume and Revenue, 2020 – 2031 (Million Tons) (US$ Bn)

Figure 19: Global Others Market, Volume and Revenue, 2020 – 2031 (Million Tons) (US$ Bn)

Figure 20: Global Petroleum Coke Market Revenue Share, by Geography, 2020 and 2031

Figure 21: North America Petroleum Coke Market Estimates and Forecast, 2020 – 2031 (Million Tons) (US$ Bn)

Figure 22: Asia Pacific Petroleum Coke Market Estimates and Forecast, 2020 – 2031 (Million Tons) (US$ Bn)

Figure 23: Europe Petroleum Coke Market Estimates and Forecast, 2020 – 2031 (Million Tons) (US$ Bn)

Figure 24: Latin America Petroleum Coke Market Estimates and Forecast, 2020 – 2031 (Million Tons) (US$ Bn)

Figure 25: Middle East & Africa Petroleum Coke Market Estimates and Forecast, 2020 – 2031 (Million Tons) (US$ Bn)

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