Global Petroleum Coke Market will Cross USD 26.0 Billion by 2021 – by Market Research Engine

“Global Petroleum Coke market was valued at USD 13,422.0 million in 2013 and is likely to reach USD 26,814.0 million by 2021, expanding at a CAGR of 8.5% between 2014 and 2021.”

Florida, March 2: Marketresearchengine has released its latest research report, “Petroleum Coke Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2021” with latest market insights. Petroleum coke is a by-product of the oil refining process. As refineries worldwide seek to operate more efficiently and extract more gasoline and other high value fuels from each barrel of crude oil, a solid carbon material known as ‘Petcoke’ is produced.

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Petroleum coke can be further categorized into green coke or calcined coke. Green coke is the initial product obtained from the cracking and carbonization of the feedstock to produce a substance with high carbon hydrogen ratio. Green coke is further processed to produce calcined coke. Additional processing eliminates the volatile matter and increases its electrical conductivity.

Uses of Petroleum Coke 

Petroleum coke is typically used as a source of energy, or as a source of carbon for industrial applications. Fuel grade petcoke represents nearly 80 percent of worldwide production and is a source of fuel for cement kilns and electric power plants. Calcined petcoke has the highest carbon purity and is used to manufacture energy, as well as in the aluminum, graphite electrode, steel, titanium dioxide and other carbon consuming industries.

The report analyzes two major segments in the petroleum coke market – fuel grade coke and calcined coke. The former is projected to remain the predominant segment globally because it is regarded as being more cost competitive than coal and natural gas. Petroleum coke has made significant inroads in the cement and power industry and has started giving competition to coal. Petroleum coke is an excellent, inexpensive product to blend with coal in traditional coal fired boilers.

The report mentions and profiles the top companies that operate in the global petcoke market, namely BP Plc, Chevron Corporation, ExxonMobil Corporation, Saudi Arabian Oil Company, Valero Energy Corporation, Essar Oil Ltd, Indian Oil Corporation Limited, Reliance Industries Limited.

The global petcoke market is segmented as follows:

 Petroleum Coke Market: by Product Type Analysis

  • Fuel Grade Coke
  • Calcined Coke

 Petroleum Coke Market: by End Use Segment Analysis

  • Calcining
  • Power Plants
  • Cement Kilns
  • Blast Furnace

Petroleum Coke Market: by Regional Analysis

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

Scope of the Report:

  • We provide latest information about all active and planned refineries.
  • We Provides historical data from 2014 to 2015, and forecast period to 2020
  • Information on refining, by refinery and country
  • Provides operator information for top active and planned refineries
  • Latest developments and contracts related to petro refineries across different countries globally.
  • Details of end use consumption of petroleum coke in major countries.
  • Pricing scenario of petroleum coke in major countries.

5 Reasons to Buy this Report:

  • Obtain the most up to date information available on all active and planned refineries globally
  • Identify growth segments and opportunities in the industry
  • Facilitate decision making on the basis of strong historic and forecast refinery and unit capacity data
  • Assess your competitor’s refining portfolio and its evolution.
  • Gain valuable insights on the pricing scenario of petroleum coke industry.

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