Market Overview:
The global blast furnace coke market is expected to grow at a CAGR of 3.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for steel and foundry products across the globe. In terms of type, the market is segmented into 20-55mm and 55-90mm coke. The 20-55mm segment is expected to dominate the global blast furnace coke market during the forecast period owing to its high demand from steelmakers in developing countries such as China, India, and Brazil. In terms of application, the steel segment dominates the global blast furnace coke market followed by foundry industry and other applications segments respectively.
Product Definition:
A blast furnace is a large oven that produces pig iron from iron ore. The blast furnace is fueled by coke, which is produced by heating coal in the absence of air.
20-55mm:
20-55mm is a key range of furnace coke which is widely used in blast furnaces for steel production. It has high carbon content and low moisture, thus making it suitable for steel manufacturing. 20-55mm coke can be produced by using both basic oxygen and electric arc furnaces; however, the product obtained by using the electric arc furnace is considered to be of higher quality than that produced by the basic oxygen furnace.
55-90mm:
The 55-90mm is a range of coke oven in the blast furnace. It has a heating surface area of about 1,500 square meters and can produce up to 60,000 tons of steel per annum. The maximum operating temperature for these furnaces is around 1,800 degrees Celsius.
Application Insights:
The steel application segment accounted for the largest volume share of over 60% in 2017. Coke is widely used in the steel industry as a fuel and raw material source. The blast furnace process converts coal into coke, which is then used to reduce iron ore into metal. Steel production accounts for nearly 70% of global consumption and hence has a significant impact on market growth.
The foundry industry also uses this product extensively as it provides superior heat transfer properties with low emissions when compared to other fuels such as wood or charcoal.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and will continue to be the largest regional market over the forecast period. The growth is attributed to increasing steel production in countries, such as India, China, Japan, and South Korea. In addition, rising demand for consumer goods along with growing infrastructure activities is expected to drive product demand over the forecast period.
Europe was estimated at USD X million in 2017 owing to high consumption of blast furnace coke in steelmaking process across several countries including Russia and Germany. Moreover, increasing investments by companies for manufacturing of specialty & advanced metals are anticipated to propel product demand over the projected period.
North America accounted for a significant share of global revenue due its key application areas including foundry industry.
Growth Factors:
- Growing demand from steel and aluminum industries: The blast furnace coke market is primarily driven by the growing demand from the steel and aluminum industries. The increasing urbanization and industrialization in developing countries are expected to boost the demand for steel and aluminum, which in turn is expected to drive the growth of the blast furnace coke market.
- Rising prices of raw materials: The prices of raw materials such as coal, iron ore, and limestone used in blast furnaces are rising due to factors such as depleting resources, stringent environmental regulations, and increase in global demand. This is resulting in an increase in production costs for manufacturers of steel and aluminum products, which is driving them to use more blast furnace coke in their manufacturing processes.
- Technological advancements: Blast furnaces are becoming increasingly efficient with technological advancements such as introduction of direct reduced iron (DRI) technology that uses natural gas or hydrogen instead of coal as a fuel source for producing molten iron directly from iron ore fines without using a coking oven or cupola furnace thereby reducing dependency on Blast Furnace Coke . This is resulting in a declinein consumptionof Blast Furnace Coke per tonneofsteel producedandisexpectedtodrivethedemandforblastfurnacecokeinthefutureaswell.
Scope Of The Report
Report Attributes
Report Details
Report Title
Blast Furnace Coke Market Research Report
By Type
20-55mm, 55-90mm
By Application
Steel, Foundry Industry, Other
By Companies
Haldia Coke, Nippon Steel & Sumitomo Metal, Hickman, Williams & Company, Mid-Continent Coal and Coke Company, ArcelorMittal, United States Steel, Risun, SunCoke Energy, Lubao-Group, JSW Group, Shanxi Coking Coal, Baowu Group, Ansteel, Taiyuan Coal Gasfication, Tata Steel, POSCO, BlueScope, ABC Coke, Sunlight Coking, Jiangxi BLACKCAT Carbon Black
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
140
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Blast Furnace Coke Market Report Segments:
The global Blast Furnace Coke market is segmented on the basis of:
Types
20-55mm, 55-90mm
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Steel, Foundry Industry, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Haldia Coke
- Nippon Steel & Sumitomo Metal
- Hickman, Williams & Company
- Mid-Continent Coal and Coke Company
- ArcelorMittal
- United States Steel
- Risun
- SunCoke Energy
- Lubao-Group
- JSW Group
- Shanxi Coking Coal
- Baowu Group
- Ansteel
- Taiyuan Coal Gasfication
- Tata Steel
- POSCO
- BlueScope
- ABC Coke
- Sunlight Coking
- Jiangxi BLACKCAT Carbon Black
Highlights of The Blast Furnace Coke Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 20-55mm
- 55-90mm
- By Application:
- Steel
- Foundry Industry
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Blast Furnace Coke Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Blast Furnace Coke is a carbonated soft drink that was first produced in the United States by Blast Furnace Brewing Company in 2006. It is made with natural flavors and contains no caffeine.
Some of the major players in the blast furnace coke market are Haldia Coke, Nippon Steel & Sumitomo Metal, Hickman, Williams & Company, Mid-Continent Coal and Coke Company, ArcelorMittal, United States Steel, Risun, SunCoke Energy, Lubao-Group, JSW Group, Shanxi Coking Coal, Baowu Group, Ansteel, Taiyuan Coal Gasfication, Tata Steel, POSCO, BlueScope, ABC Coke, Sunlight Coking, Jiangxi BLACKCAT Carbon Black.
The blast furnace coke market is expected to register a CAGR of 3.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Blast Furnace Coke Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Blast Furnace Coke Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Blast Furnace Coke Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Blast Furnace Coke Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Blast Furnace Coke Market Size & Forecast, 2020-2028
4.5.1 Blast Furnace Coke Market Size and Y-o-Y Growth
4.5.2 Blast Furnace Coke Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 20-55mm
5.2.2 55-90mm
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Steel
6.2.2 Foundry Industry
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Blast Furnace Coke Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Blast Furnace Coke Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 20-55mm
9.6.2 55-90mm
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Steel
9.10.2 Foundry Industry
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 20-55mm
10.6.2 55-90mm
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Steel
10.10.2 Foundry Industry
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 20-55mm
11.6.2 55-90mm
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Steel
11.10.2 Foundry Industry
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 20-55mm
12.6.2 55-90mm
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Steel
12.10.2 Foundry Industry
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 20-55mm
13.6.2 55-90mm
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Steel
13.10.2 Foundry Industry
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Blast Furnace Coke Market: Competitive Dashboard
14.2 Global Blast Furnace Coke Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Haldia Coke
14.3.2 Nippon Steel & Sumitomo Metal
14.3.3 Hickman, Williams & Company
14.3.4 Mid-Continent Coal and Coke Company
14.3.5 ArcelorMittal
14.3.6 United States Steel
14.3.7 Risun
14.3.8 SunCoke Energy
14.3.9 Lubao-Group
14.3.10 JSW Group
14.3.11 Shanxi Coking Coal
14.3.12 Baowu Group
14.3.13 Ansteel
14.3.14 Taiyuan Coal Gasfication
14.3.15 Tata Steel
14.3.16 POSCO
14.3.17 BlueScope
14.3.18 ABC Coke
14.3.19 Sunlight Coking
14.3.20 Jiangxi BLACKCAT Carbon Black
