Foundry Coke Market Updates by 2031
The Foundry Coke Market is expected to register a CAGR of 4% from 2023 to 2031, with a market size expanding from US$ XX Million in 2023 to US$ XX Million by 2031.
The report is segmented by type (pig iron, copper, zinc, lead, tin and others). The report further presents analysis based on end-use industry (automotive, industrial machinery and others). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Foundry Coke Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Foundry Coke Market Segmentation
Type- Pig Iron
- Copper
- Zinc
- Lead
- Tin and Others
- Automotive
- Industrial Machinery and Others
Strategic Insights
Foundry Coke Market Growth Drivers- Growth of the Iron and Steel Industries: Demand for foundry coke is directly proportional to the growth of the steel and iron industries within the economy. With economic growth, the infrastructure needs also increase alongside economic resources. Foundry coke, is iron casting material, a process indispensable for the steel making. As the world normalizes after the pandemic, construction, automotive, and manufacturing activities have revived significantly increasing the demand for steel and consequently the foundry coke.
- Stringent Regulatory Landscape: However, industries have faced criticism and have been forced to change their operations for the better. The foundry industry is also emphasizing on improving efficiency and minimizing the environmental impact of its processes, particularly the use of foundry coke, as well as the use of other fuels. This is owing to legal requirements and the pressure from customers to offer environmentally friendly products. So that, foundry users are searching for less energy intensive or cleaner techniques, which may affect the need for ordinary foundry coke.
- New Developments in Foundry Technologies: New developments in foundry technologies such as design of 3D printers and new methods for making glo technologies are modifying how foundries behave. These include lowering cost or amount of raw materials including foundry coke, which reduces waste and enhances product quality. These technologies integrated into conventional foundry practices has been a major factor that impacts demand and use of foundry coke in different casting operations.
- Digitalization Trends Penetrating in the Foundry Industry: Digitalization trends are penetrating the foundry industry to boost the efficiencies achieved. Processes within the Industry 4.0 era where IoT, AI and Big Data analytics are the orders of the day are improving the old ways of doing things. Foundries are adopting smart coats so as to be able to know the amount of coke used, the time when maintenance is required and efficient distribution of resources leading to low costs and better services.
- Ecofriendly Alternatives for Fuel in the Foundry Industry: As a result of the external pressures of climate change, it becomes imperative to find other alternatives for fuels aiming towards the foundry industries. Coal, biomass and other alternatives like natural gas and hydrogen are being innovative. This has been more or less the case due to the effort in finding ways to mitigate global warming towards which there is stricter environmental control. This innovation and research could potentially alter the current structure of the foundry coke industry.
- New Generation Carbonization Technologies: The foundry coke production process undergoes a change due to the deployment of new generation carbonization technologies that are high energy efficient and yield more quality coke. Some of the protocols such as non-recovery and heat recovery of coke production processes is on the rise, improving the management of waste products and power saving efficiencies. Such developments do not only improve the foundry coke but also lessens the adverse effects encountered during its production.
- Demand for High-Quality Foundry Coke: High-quality foundry coke is increasingly in demand, characterised by high-strength, low-ash, and controlled porosity properties. In this case, manufacturers can rather emphasize the quality of their products through enhanced carbonization processes or the selection of better raw materials. This product development initiative seeks to achieve new foundry product improvement for the customers’ appreciable performance in their casting works.
- Investment in Research and Development: It is also possible to seek new partnerships with academic and developments institutions that would spur innovations on foundry coke value chain. It is possible that such ventures may lead to creating new eco-friendly materials and systems of production easing competition. Thus, instead of just depending on existing technology, foundry coke producing companies can add new products and improve their efficiency by finding outside help.
- Increasing Demand in Developing Regions: The industrialization in the developing regions of the world is promising for the foundry coke market. The developing nations can also be targeted by the companies opening up their facilities further and investing to meet the rising consumption of steel and iron goods. By forming regional partnerships and responding to specific local market conditions, foundry coke manufacturers can grow their market share and profits.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Foundry Coke Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Foundry Coke Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Foundry Coke Market is estimated to witness a CAGR of 4% from 2023 to 2031
Growth in the iron and steel industry is driving the market growth
ArcelorMittal; CARBO-KOKS Sp z o.o; Drummond Company Inc; Nippon Coke and Engineering Co Ltd; Sesa Goa Iron Ore are some of the key players operating in the foundry coke market
Based on type, copper segment is expected to witness the fastest growth during the forecast period
Based on geography, Asia Pacific held the significant share of the foundry coke market due to growth in the iron and steel industry
Advancement in the coke production technology is expected to be the key market trends
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Foundry Coke Market - By Product
1.3.2Foundry Coke Market - By Application
1.3.3Foundry Coke Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.FOUNDRY COKE MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTER'S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.EXPERT OPINIONS
5.FOUNDRY COKE MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.FOUNDRY COKE MARKET - GLOBAL MARKET ANALYSIS
6.1.FOUNDRY COKE - GLOBAL MARKET OVERVIEW
6.2.FOUNDRY COKE - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.FOUNDRY COKE MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1.OVERVIEW
7.2.PRODUCT MARKET FORECASTS AND ANALYSIS
7.3.ASH CONTENT 8%
7.3.1.Overview
7.3.2.Ash Content 8% Market Forecast and Analysis
7.4.8% - ASH CONTENT 10%
7.4.1.Overview
7.4.2.8% - Ash Content 10% Market Forecast and Analysis
7.5.ASH CONTENT LESS THAN 10%
7.5.1.Overview
7.5.2.Ash Content less than 10% Market Forecast and Analysis
8.FOUNDRY COKE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.AUTOMOTIVE PARTS CASTING
8.3.1.Overview
8.3.2.Automotive Parts Casting Market Forecast and Analysis
8.4.MACHINERY CASTING
8.4.1.Overview
8.4.2.Machinery Casting Market Forecast and Analysis
8.5.MATERIAL TREATMENT
8.5.1.Overview
8.5.2.Material Treatment Market Forecast and Analysis
9.FOUNDRY COKE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Foundry Coke Market Overview
9.1.2North America Foundry Coke Market Forecasts and Analysis
9.1.3North America Foundry Coke Market Forecasts and Analysis - By Product
9.1.4North America Foundry Coke Market Forecasts and Analysis - By Application
9.1.5North America Foundry Coke Market Forecasts and Analysis - By Countries
9.1.5.1United States Foundry Coke Market
9.1.5.1.1United States Foundry Coke Market by Product
9.1.5.1.2United States Foundry Coke Market by Application
9.1.5.2Canada Foundry Coke Market
9.1.5.2.1Canada Foundry Coke Market by Product
9.1.5.2.2Canada Foundry Coke Market by Application
9.1.5.3Mexico Foundry Coke Market
9.1.5.3.1Mexico Foundry Coke Market by Product
9.1.5.3.2Mexico Foundry Coke Market by Application
9.2.EUROPE
9.2.1Europe Foundry Coke Market Overview
9.2.2Europe Foundry Coke Market Forecasts and Analysis
9.2.3Europe Foundry Coke Market Forecasts and Analysis - By Product
9.2.4Europe Foundry Coke Market Forecasts and Analysis - By Application
9.2.5Europe Foundry Coke Market Forecasts and Analysis - By Countries
9.2.5.1Germany Foundry Coke Market
9.2.5.1.1Germany Foundry Coke Market by Product
9.2.5.1.2Germany Foundry Coke Market by Application
9.2.5.2France Foundry Coke Market
9.2.5.2.1France Foundry Coke Market by Product
9.2.5.2.2France Foundry Coke Market by Application
9.2.5.3Italy Foundry Coke Market
9.2.5.3.1Italy Foundry Coke Market by Product
9.2.5.3.2Italy Foundry Coke Market by Application
9.2.5.4United Kingdom Foundry Coke Market
9.2.5.4.1United Kingdom Foundry Coke Market by Product
9.2.5.4.2United Kingdom Foundry Coke Market by Application
9.2.5.5Russia Foundry Coke Market
9.2.5.5.1Russia Foundry Coke Market by Product
9.2.5.5.2Russia Foundry Coke Market by Application
9.2.5.6Rest of Europe Foundry Coke Market
9.2.5.6.1Rest of Europe Foundry Coke Market by Product
9.2.5.6.2Rest of Europe Foundry Coke Market by Application
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Foundry Coke Market Overview
9.3.2Asia-Pacific Foundry Coke Market Forecasts and Analysis
9.3.3Asia-Pacific Foundry Coke Market Forecasts and Analysis - By Product
9.3.4Asia-Pacific Foundry Coke Market Forecasts and Analysis - By Application
9.3.5Asia-Pacific Foundry Coke Market Forecasts and Analysis - By Countries
9.3.5.1Australia Foundry Coke Market
9.3.5.1.1Australia Foundry Coke Market by Product
9.3.5.1.2Australia Foundry Coke Market by Application
9.3.5.2China Foundry Coke Market
9.3.5.2.1China Foundry Coke Market by Product
9.3.5.2.2China Foundry Coke Market by Application
9.3.5.3India Foundry Coke Market
9.3.5.3.1India Foundry Coke Market by Product
9.3.5.3.2India Foundry Coke Market by Application
9.3.5.4Japan Foundry Coke Market
9.3.5.4.1Japan Foundry Coke Market by Product
9.3.5.4.2Japan Foundry Coke Market by Application
9.3.5.5South Korea Foundry Coke Market
9.3.5.5.1South Korea Foundry Coke Market by Product
9.3.5.5.2South Korea Foundry Coke Market by Application
9.3.5.6Rest of Asia-Pacific Foundry Coke Market
9.3.5.6.1Rest of Asia-Pacific Foundry Coke Market by Product
9.3.5.6.2Rest of Asia-Pacific Foundry Coke Market by Application
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Foundry Coke Market Overview
9.4.2Middle East and Africa Foundry Coke Market Forecasts and Analysis
9.4.3Middle East and Africa Foundry Coke Market Forecasts and Analysis - By Product
9.4.4Middle East and Africa Foundry Coke Market Forecasts and Analysis - By Application
9.4.5Middle East and Africa Foundry Coke Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Foundry Coke Market
9.4.5.1.1South Africa Foundry Coke Market by Product
9.4.5.1.2South Africa Foundry Coke Market by Application
9.4.5.2Saudi Arabia Foundry Coke Market
9.4.5.2.1Saudi Arabia Foundry Coke Market by Product
9.4.5.2.2Saudi Arabia Foundry Coke Market by Application
9.4.5.3U.A.E Foundry Coke Market
9.4.5.3.1U.A.E Foundry Coke Market by Product
9.4.5.3.2U.A.E Foundry Coke Market by Application
9.4.5.4Rest of Middle East and Africa Foundry Coke Market
9.4.5.4.1Rest of Middle East and Africa Foundry Coke Market by Product
9.4.5.4.2Rest of Middle East and Africa Foundry Coke Market by Application
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Foundry Coke Market Overview
9.5.2South and Central America Foundry Coke Market Forecasts and Analysis
9.5.3South and Central America Foundry Coke Market Forecasts and Analysis - By Product
9.5.4South and Central America Foundry Coke Market Forecasts and Analysis - By Application
9.5.5South and Central America Foundry Coke Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Foundry Coke Market
9.5.5.1.1Brazil Foundry Coke Market by Product
9.5.5.1.2Brazil Foundry Coke Market by Application
9.5.5.2Argentina Foundry Coke Market
9.5.5.2.1Argentina Foundry Coke Market by Product
9.5.5.2.2Argentina Foundry Coke Market by Application
9.5.5.3Rest of South and Central America Foundry Coke Market
9.5.5.3.1Rest of South and Central America Foundry Coke Market by Product
9.5.5.3.2Rest of South and Central America Foundry Coke Market by Application
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.FOUNDRY COKE MARKET, KEY COMPANY PROFILES
11.1.ABC COKE (DRUMMOND)
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.ERIE COKE
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.ERP COMPLIANT COKE
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.TONAWANDA COKE CORPORATION
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.OTHERS
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1. ABC Coke (Drummond)
2. Erie Coke
3. ERP Compliant Coke
4. Tonawanda Coke Corporation
5. Others
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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