Global Calcined Petcoke Market to Reach US$ 12.3 Billion by 2032, Driven by Demand from Metallurgy Industry

May 19, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled “Calcined Petcoke Market by Grade (Anode Grade, Needle-Grade), Application (Aluminum, Steel, Titanium Dioxide, Paint and Coatings, Fertilizer, and Others), and Region 2024-2032,” the global calcined petcoke market size reached US$ 8.0 Billion in 2023. Calcined petcoke, or calcined petroleum coke, refers to a high-quality carbon material derived from petroleum coke through a heating process known as calcination. Petroleum coke, or petcoke, is a byproduct of the refining process in the petroleum industry. It is a solid carbon material that is left behind after the distillation of crude oil. The calcination process involves heating the petcoke at high temperatures, typically between 1200 to 1400 degrees Celsius, to remove volatile components and impurities. This process transforms the petcoke into a denser and purer form of carbon with improved mechanical and electrical properties. The result is calcined petcoke, which has a high carbon content and low sulfur content. The properties of calcined petcoke can be customized based on specific requirements, thus making it a versatile material for various industrial applications.

Global Calcined Petcoke Market Trends:

The increasing demand for the product from the metallurgy industry represents a significant factor driving the growth of the market. Calcined petcoke is widely used as a carbon additive in the production of steel, aluminum, and other metals. It serves as a source of carbon and heat during the smelting process, helping to reduce energy consumption and enhance the efficiency of metal production. It also acts as a recarburizer in the steel and iron industries, improving the carbon content and overall quality of the final product. This, coupled with the rising use of anode grade petcoke and needle coke during the production of steel and graphite electrodes, respectively, is acting as a major growth-inducing factor. Calcined petcoke is also employed in the production of carbon electrodes for the aluminum industry, where it acts as a conductor of electricity. Due to its high carbon content and low impurities, calcined petcoke is favored for its consistent quality and performance. The market is also driven by the development in the cement and power generation industries, where calcined petcoke is used as an alternative fuel source. Other factors, such as favorable government initiatives concerning the sustainable and green environment, rising construction expenditure, and the rising demand for pre-engineered buildings (PEB), are creating a positive outlook for the market further across the globe. Looking forward, the market is expected to reach US$ 12.3 Billion by 2032, exhibiting a growth rate (CAGR) of 4.92% during 2024-2032.

Market Summary:

Based on the grade, the market has been classified into anode grade, and needle-grade.
On the basis of the application, the market has been segregated into aluminum, steel, titanium dioxide, paint and coatings, fertilizer, and others.
On the geographical front, the market has been segmented into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America.
The competitive landscape of the market has also been examined, with some of the key players being Aminco Resources LLC, Amritesh Industries Pvt. Ltd., Asbury Carbons Inc., Atha Group, Garcia Munte Energia SL, India Carbon Limited, Oxbow Corporation, Rain Industries Limited, etc.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Grades Covered	Anode Grade, Needle-Grade
Applications Covered	Aluminum, Steel, Titanium Dioxide, Paint and Coatings, Fertilizer, Others
Regions Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Aminco Resources LLC, Amritesh Industries Pvt. Ltd., Asbury Carbons Inc., Atha Group, Garcia Munte Energia SL, India Carbon Limited, Oxbow Corporation, Rain Industries Limited, etc.
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Global Calcined Petcoke Market to Reach US$ 12.3 Billion by 2032, Driven by Demand from Metallurgy Industry

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