Calcined Petcoke Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
Global Calcined Petcoke Market: Overview
The global calcined petcoke market has flourished noticeably from the changing demand dynamic in end-use industries. Sizeable revenues for the market come from the profuse demand from the aluminum industry, where the high purity carbon material is used in the fabrication as well as utilization of smelter anodes. Substantial demand for calcined petcoke also comes from the steel industry, where it is notably used as a recarburizing agent. Moreover, it has found in the manufacturing of titanium dioxide pigment in the chemical industries. Over the past several years, the demand in the end-use industries has changed markedly. These factors have led to the rapid evolution of the global calcined petcoke market. As a result, suppliers, world over, have been producing the petroleum coke with new chemistries to meet the wide diversity of that demand.
Global Calcined Petcoke Market: Notable Developments
For several years, a growing number suppliers in the global calcined petcoke market shifted their attention to emerging markets. They have been active in constructing new production units in countries that can offer a robust and cost-effective supply chain. A case in point is China where prominent players benefit from the competitive pricing of high-quality and low-content sulfur calcined petcoke.
A prominent engineering and construction firm L&T Hydrocarbon Engineering Limited has bagged a large order from Tawfiq Coke Products, Oman for the construction of a petcoke calciner project in Sohar. The company intends to actively help in expansion of the industrial facilities in the region. Such projects of substantially high valuation will add up to the regional production of commercial calcined petcoke in the next few years.
Some of the most prominent competitors operating in the competitive landscape of global calcined petcoke market include –
Global Calcined Petcoke Market: Key Growth Dynamics
Rising production of green petcoke has a direct bearing on the growth dynamics of the global calcined petcoke market. This rides on the back of ever rising demand for oil in several countries across the world. Rapid strides made by the paints and coatings industries has been spurring the demand for calcined petcoke, where the material is used in the production of TiO₂. The strides are fueled by extensive consumption of paints and coatings in end-use industries across the globe.
Extensive worldwide application in the aluminum smelter industry is also propelling the growth of the calcined petcoke market. Growing demand for a cost-effective feedstock for the steel industries is boosting the calcined petcoke market. However, the glut of oil refining output in some countries in recent years has squeezed the profits of players in the refining industry. Nevertheless, the growth will be catalyzed by the growing demand for calcined petcoke among large aluminum smelters in emerging economies, such as in India and China.
Global Calcined Petcoke Market: Regional Assessment
Some of the regions likely to occupy prominent positions in the landscape of the global calcined petcoke market are the Americas, Asia Pacific, and Europe. In particular, there has been spikes in the consumption of calcined petcoke in the U.S. and parts of Europe. However, the calcined petcoke market will see a vast attractive avenue in Asia Pacific, most notably in emerging economies of Asia. The revenues for this the Asia Pacific calcined petcoke market come majorly from the primary aluminum industry.
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report