Petroleum Coke Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

The growth in the supply of heavy oils across the globe and development in the cement and power generation industry is anticipated to boost the growth of the global petroleum coke market during the forecast period. The rise in steel production owing to development in railways, highway construction, automobiles, and transportation segments has witnessed the growth of the petroleum coke market. Moreover, the rise in infrastructure development in the Middle East and Africa will likely enhance petroleum coke demand in the region in the coming years.

MARKET SCOPE

The "Global Petroleum Coke Market Analysis to 2031" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on global market trend analysis. The report aims to provide an overview of the steam condenser for the thermal power plant market with detailed market segmentation by type, application, and geography. The global petroleum coke market is expected to witness rapid growth during the forecast period. The report provides key statistics on the market status of the leading petroleum coke market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global petroleum coke market is segmented by type, and application.

  On the basis of type, the market is segmented into Fuel Grade, Calcined Coke.

  On the basis of application, the market is segmented into Aluminum and Other Metals, Cement, Storage, Steel, Power, Others

MARKET DYNAMICS

Drivers-

  The growth of the cement and construction industry is another driving factor for the petroleum coke market growth.
Restrains

  However, stringent environmental regulations toward using petroleum coke due to its high sulfur content are anticipated to hamper the market's growth during the forecast period.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive connector's market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive connector's market in these regions.

IMPACT OF COVID-19

The COVID-19 pandemic has resulted in restricted transport limitations, resulting in reduced industrial production and disrupted supply chains, which impacted the global economic growth by a substantial proportion, severely impacting the market growth. COVID-19 is an incomparable global public health emergency that has affected almost every industry, and its long-term repercussions are expected to influence industry growth during the forecast period. The companies are not earning any profit due to the work stoppage, and not only are the companies losing money, but they are also losing suppliers who are providing the required materials to various companies to be used in the construction sector; all those suppliers are also facing huge losses. Furthermore, owing to social distancing norms during COVID-19, the manufacturing companies are working with a limited workforce, thus, negatively impacting the production processes. Indian companies are importing a large amount of petroleum coke from Venezuela. Additionally, India's rising appetite for Venezuela's petcoke - a byproduct from oil upgrading and an alternative to coal - is being propelled by a scramble for inexpensive fuel to power industries as global coal prices have surged. It might boost the cash flow for the South American producer, where state and private companies have increased exports of petrochemicals and oil byproducts, and the more competitively-priced Venezuelan supplies could displace cargoes from traditional suppliers, thereby positively impacting the market growth, which will further help the market to recover from the covid-19 disruptions.

MARKET PLAYERS

The reports cover key developments in the petroleum coke market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from petroleum coke market are anticipated to lucrative growth opportunities in the future with the rising demand for petroleum coke in the global market. Below mentioned is the list of few companies engaged in the petroleum coke market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the petroleum coke market. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, the key development in the past five years.

•   Oxbow Corporation
  
•   Suncor Energy Inc.
  
•   Phillips 66 Company
  
•   Aminco Resources LLC
  
•   Nippon Coke & Engineering. Co., Ltd.
  
•   Petroleum Coke Industries Company
  
•   Renelux Cyprus Ltd.
  
•   Graphite India Limited
  
•   British Petroleum
  
•   Marathon Petroleum Corporation
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Petroleum Coke Report Scope

Report Attribute	Details
Market size in 2023	US$ XX Million
Market Size by 2031	US$ XX Million
Global CAGR (2023 - 2031)	XX%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Type Fuel Grade Calcined Coke By Application Aluminum and Other Metals Cement Storage Steel Power
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Oxbow Corporation Suncor Energy Inc Phillips 66 Company Aminco Resources LLC Nippon Coke and Engineering. Co., Ltd Petroleum Coke Industries Company Renelux Cyprus Ltd Graphite India Limited British Petroleum