Market Overview:
The global petroleum coke market reached a value of US$ 21.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 34.2 Billion by 2027, exhibiting a CAGR of 7.6% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Petroleum coke, also known as pet coke, refers to a solid carbon byproduct of the oil refining process comprising elemental forms of sulfur, metals, and non-volatile inorganic compounds. It is highly stable and non-reactive under ambient conditions, does not dissolve in water, and has high calorific power and low ash content compared to conventionally used fossil fuels. As a result, it is widely used as a major fuel source over coal in power plants and electrical, magnesite, ceramic, and cement factories around the world.
Petroleum Coke Market Trends:
Increasing construction activities inthe residential, commercial, and industrial complexes represent one of the major factors positively influencing the demand for petroleum coke around the world. In addition, the rising consumption of electricity worldwide is catalyzing the need for petroleum coke to reduce the instances of power failures. Moreover, due to the growing environmental concerns, several initiatives are being undertaken by governments of numerous countries to promote the adoption of green fuels and minimize carbon footprints. This is providing lucrative growth opportunities to manufacturers operating in the industry. Apart from this, the risingfocus on enhancing crop protection is catalyzingthe use of petroleum coke in the agriculture industry to produce ammonia and urea ammonium nitrate, which is further used in the production of fertilizers. Furthermore, the increasing adoption of petroleum coke as a substitute for lead in paintsand as a pigment in sunscreens, plastics, and food colorings is contributing to the market growth. In addition, the development of eco-friendly pet coke with low sulfur content, high ductility, resistance to corrosion, and thermal and electrical conductivity is anticipated to drive the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global petroleum coke market report, along with forecasts for growth at the global and regional level from 2022-2027. Our report has categorized the market based on type and application.
Breakup by Type:
- Fuel Grade Coke
- Calcined Coke
Fuel grade coke dominates the market as it is cost effective and widely used in carbon anodes and graphite electrodes.
Breakup by Application:
- Power Plants
- Cement Kilns
- Steel
- Aluminium
- Fertilizer
- Others
Aluminium represents the largest applicationas it offers excellent electrical conductivity and resistance to chemical and physical degradation.
Breakup by Region:
- North America
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
The Asia Pacific holds the majority of the global petroleum coke market share due to increasing construction activities in the region.
Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are BP p.l.c., Chevron Corporation, ConocoPhillips Company, Exxon Mobil Corporation, HPCL-Mittal Energy Limited, Indian Oil Corporation Ltd., Marathon Petroleum Corporation, Shell plc, Saudi Aramco Group, Trammo, Inc. and Valero Energy Corporation (VLO).
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Type, Application, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
BP Plc, Chevron Corporation, ConocoPhillips, Exxon Mobil Corporation, HPCL - Mittal Energy Limited, Indian Oil Corporation Ltd., Marathon Petroleum Corporation, Royal Dutch Shell Plc, Saudi Arabian Oil Co., Trammo Inc. and Valero Energy Corporation |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| 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) |
Key Questions Answered in This Report:
- How has the global petroleum coke market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global petroleum coke market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global petroleum coke market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Petroleum Coke Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Fuel Grade Coke
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Calcined Coke
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Application
7.1 Power Plants
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Cement Kilns
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Steel
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Aluminium
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Fertilizer
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 BP Plc
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Financials
13.3.1.4 SWOT Analysis
13.3.2 Chevron Corporation
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 Financials
13.3.2.4 SWOT Analysis
13.3.3 ConocoPhillips
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 Financials
13.3.3.4 SWOT Analysis
13.3.4 Exxon Mobil Corporation
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 Financials
13.3.4.4 SWOT Analysis
13.3.5 HPCL - Mittal Energy Limited
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6 Indian Oil Corporation Ltd.
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 Financials
13.3.6.4 SWOT Analysis
13.3.7 Marathon Petroleum Corporation
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.7.3 Financials
13.3.7.4 SWOT Analysis
13.3.8 Royal Dutch Shell PLC
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.8.3 Financials
13.3.9 Saudi Arabian Oil Co.
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.9.3 Financials
13.3.9.4 SWOT Analysis
13.3.10 Trammo Inc.
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.10.3 SWOT Analysis
13.3.11 Valero Energy Corporation
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
13.3.11.3 Financials
13.3.11.4 SWOT Analysis
List of Figures
Figure 1: Global: Petroleum Coke Market: Major Drivers and Challenges
Figure 2: Global: Petroleum Coke Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Petroleum Coke Market: Breakup by Type (in %), 2021
Figure 4: Global: Petroleum Coke Market: Breakup by Application (in %), 2021
Figure 5: Global: Petroleum Coke Market: Breakup by Region (in %), 2021
Figure 6: Global: Petroleum Coke Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 7: Global: Petroleum Coke (Fuel Grade Coke) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: Petroleum Coke (Fuel Grade Coke) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Petroleum Coke (Calcined Coke) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Petroleum Coke (Calcined Coke) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Petroleum Coke (Power Plants) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Petroleum Coke (Power Plants) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Petroleum Coke (Cement Kilns) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Petroleum Coke (Cement Kilns) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Petroleum Coke (Steel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Petroleum Coke (Steel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Petroleum Coke (Aluminium) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Petroleum Coke (Aluminium) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Petroleum Coke (Fertilizer) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Petroleum Coke (Fertilizer) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Petroleum Coke (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Petroleum Coke (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: North America: Petroleum Coke Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: North America: Petroleum Coke Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: United States: Petroleum Coke Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: United States: Petroleum Coke Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Canada: Petroleum Coke Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Canada: Petroleum Coke Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Asia Pacific: Petroleum Coke Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Asia Pacific: Petroleum Coke Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: China: Petroleum Coke Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: China: Petroleum Coke Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Japan: Petroleum Coke Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Japan: Petroleum Coke Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: India: Petroleum Coke Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: India: Petroleum Coke Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: South Korea: Petroleum Coke Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: South Korea: Petroleum Coke Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Australia: Petroleum Coke Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Australia: Petroleum Coke Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Indonesia: Petroleum Coke Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Indonesia: Petroleum Coke Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Others: Petroleum Coke Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Others: Petroleum Coke Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Europe: Petroleum Coke Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Europe: Petroleum Coke Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Germany: Petroleum Coke Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Germany: Petroleum Coke Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: France: Petroleum Coke Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: France: Petroleum Coke Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: United Kingdom: Petroleum Coke Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: United Kingdom: Petroleum Coke Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Italy: Petroleum Coke Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Italy: Petroleum Coke Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Spain: Petroleum Coke Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Spain: Petroleum Coke Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Russia: Petroleum Coke Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Russia: Petroleum Coke Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Others: Petroleum Coke Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Others: Petroleum Coke Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Latin America: Petroleum Coke Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Latin America: Petroleum Coke Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Brazil: Petroleum Coke Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Brazil: Petroleum Coke Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Mexico: Petroleum Coke Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Mexico: Petroleum Coke Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Others: Petroleum Coke Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Others: Petroleum Coke Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Middle East and Africa: Petroleum Coke Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Middle East and Africa: Petroleum Coke Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Global: Petroleum Coke Industry: SWOT Analysis
Figure 72: Global: Petroleum Coke Industry: Value Chain Analysis
Figure 73: Global: Petroleum Coke Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Petroleum Coke Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Petroleum Coke Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Petroleum Coke Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Petroleum Coke Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Petroleum Coke Market Structure
Table 6: Global: Petroleum Coke Market: Key Players