The India green petroleum coke market size reached USD 590 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 970 Million by 2033, exhibiting a growth rate (CAGR) of 5.8% during 2025-2033. The increasing demand from the cement and power generation sectors, growth in steel production, infrastructure development, and government initiatives promoting industrialization are some of the factors propelling the growth of the market. Additionally, the availability of low-cost feedstock and growing investments in refinery expansions contribute to market growth.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 590 Million |
Market Forecast in 2033 | USD 970 Million |
Market Growth Rate 2025-2033 | 5.8% |
Rising GPC Production and Sustainability Focus
The green petroleum coke (GPC) market in India is experiencing strong growth, owing to increased refining capacity and technological developments. Refineries are implementing greener procedures to improve efficiency and minimize emissions, hence promoting sustainable GPC production. Government measures that encourage environmentally friendly industrial practices increase domestic supply and export possibilities. As companies look for cost-effective alternatives to traditional fuels, GPC remains a popular choice in areas such as cement and power generation. Continuous investments in infrastructure and advanced refining technology strengthen India's position as a major GPC producer. With a focus on lowering its carbon footprint and enhancing energy efficiency, India is helping to drive global initiatives toward greener industrial operations while growing its economy. According to industry reports, as of January 2025, India’s Green Petroleum Coke (GPC) market is witnessing growth as the country’s refining capacity surpasses 250 million metric tons per annum (MMTPA). Technological advancements are enhancing efficiency and reducing emissions, driving increased GPC production. Government support for cleaner technologies further strengthens domestic supply and export potential, positioning India as a key player in the global GPC market.
Sustainable Innovations in Carbon Additives
The carbon additive and recarburiser sectors are embracing cleaner and more efficient solutions with the introduction of low-sulfur calcined petroleum coke (CPC) products. These advancements reduce emissions while maintaining high-performance standards, supporting industries like steel, aluminum, and foundries. With a focus on environmental responsibility, manufacturers are addressing stricter regulations and corporate sustainability goals. Superior quality carbon solutions enhance operational efficiency, promoting greener industrial practices. As cleaner carbon products gain traction, companies are reinforcing their commitment to sustainability and providing comprehensive carbon solutions. This shift not only supports environmental progress but also strengthens the industry’s ability to meet evolving demands for responsible and high-quality materials. For instance, in June 2024, Goa Carbon Limited introduced "gcarb+," a branded calcined petroleum coke (CPC) product aimed at transforming the recarburiser and carbon additive markets. "gcarb+" offers superior quality with low sulfur content, reducing emissions and supporting environmental sustainability. This initiative underscores Goa Carbon's commitment to providing total carbon solutions and reinforces its leadership in the industry.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on product type, application, and end-user industry.
Product Type Insights:
The report has provided a detailed breakup and analysis of the market based on the product type. This includes fuel-grade coke and calcined coke.
Application Insights:
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes petroleum coke and calcined petroleum coke.
End-User Industry Insights:
A detailed breakup and analysis of the market based on the end-user industry have also been provided in the report. This includes aluminum smelting, steel manufacturing, cement production, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Product Types Covered | Fuel-Grade Coke, Calcined Coke |
Applications Covered | Petroleum Coke, Calcined Petroleum Coke |
End-User Industries Covered | Aluminum Smelting, Steel Manufacturing, Cement Production, Others |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |