Market Overview:
The global green fuel grade petcoke market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for green fuel grade petcoke from various end-use industries, such as cement, steel, aluminum and others. In terms of type, needle petcoke is expected to account for a major share of the global green fuel grade petcoke market during the forecast period. This can be attributed to its high calorific value and low ash content as compared with other types of petcoke. In terms of application, cement is expected to account for a major share of the global green fuel grade petcoke market during the forecast period.
Product Definition:
A fuel grade coke made from petroleum which is used as a fuel or an ingredient in making other products.
Needle Petcoke:
The global needle petcoke market size was valued at USD 11.5 million in 2016 and is expected to grow at a CAGR of XX% over the forecast period on account of rising demand for green fuel grade petcoke in various end-use industries including power generation, cement, iron & steel and others.
Honeycomb Petcoke:
Honeycomb petcoke is a type of coke that has an open structure and hexagonal in shape. It is made from coal tar, which is the by-product obtained during the process of refining crude oil. The product has high carbon content ranging between 40% to 50%, whereas standard petcoke contains around 35% to 40%.
The product was developed as an alternative for traditional solid fuels such as wood.
Application Insights:
Steel manufacturing was the largest application segment in 2015, accounting for over 35% of the total volume. The product is widely used as a fuel in steel making process due to its high energy content and low price as compared to other fossil fuels such as coal. In addition, it reduces emissions during production by approximately 50%.
The cement industry is also anticipated to be one of the major consumers owing to its increasing demand across various regions including Asia Pacific and Middle East & Africa. Petcoke acts as an excellent replacement for traditional fuels such as coal in cement kilns since it burns with nearly equal heat but produces lower carbon emissions along with being a renewable resource. These factors are expected to drive growth over the forecast period thereby contributing towards sustainable development goal fulfillment worldwide.
Regional Analysis:
Asia Pacific accounted for the largest market share of over 45% in 2017. The region is expected to witness a significant rise in demand owing to growing steel production and cement industries. China, India, Japan, South Korea and Australia are some of the major consumers in this region. In addition, increasing automotive sales coupled with rising disposable income will drive product demand further.
The European market was valued at USD X billion in 2017 and is projected to grow significantly over the forecast period on account of shifting focus towards biofuels as an alternative fuel source due to strict regulations by EU concerning carbon emissions caused during transportation across Europe.
Growth Factors:
- Increasing demand for green fuel grade petcoke from the cement and steel industries as a substitute for coal and natural gas
- Government initiatives to promote the use of clean energy fuels such as green fuel grade petcoke in order to reduce greenhouse gas emissions
- Rising prices of crude oil and natural gas, which is making green fuel grade petcoke more economical to use as a fuel source
- Growing concerns over air pollution and climate change, which is prompting governments and businesses to seek out cleaner alternative fuels such as green fuel grade petcoke
- Technological advancements that have made it easier to produce high quality green fuel grade petcoke, resulting in increased demand from end-users
Scope Of The Report
Report Attributes
Report Details
Report Title
Green Fuel Grade Petcoke Market Research Report
By Type
Needle Petcoke, Honeycomb Petcoke, Sponge Petcoke
By Application
Cement, Steel, Aluminum, Others
By Companies
Sinopec, Valero, Reliance, Shell, ExxonMobil, CNPC, Chevron, Saudi Aramco, Marathon Petroleum Corporation, Oxbow, Sinopec, PBF Energy, ConocoPhillips, LyondellBasell, BP
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
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Green Fuel Grade Petcoke Market Report Segments:
The global Green Fuel Grade Petcoke market is segmented on the basis of:
Types
Needle Petcoke, Honeycomb Petcoke, Sponge Petcoke
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
Cement, Steel, Aluminum, Others
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:
- Sinopec
- Valero
- Reliance
- Shell
- ExxonMobil
- CNPC
- Chevron
- Saudi Aramco
- Marathon Petroleum Corporation
- Oxbow
- Sinopec
- PBF Energy
- ConocoPhillips
- LyondellBasell
- BP
Highlights of The Green Fuel Grade Petcoke 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:
- Needle Petcoke
- Honeycomb Petcoke
- Sponge Petcoke
- By Application:
- Cement
- Steel
- Aluminum
- Others
- 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 Green Fuel Grade Petcoke 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Petcoke is a by-product of the refining process used to make gasoline and diesel. It's made up of carbon, hydrogen, and other elements that are not found in traditional crude oil. Petcoke is often used as a fuel source because it has high energy content and low emissions.
Some of the major players in the green fuel grade petcoke market are Sinopec, Valero, Reliance, Shell, ExxonMobil, CNPC, Chevron, Saudi Aramco, Marathon Petroleum Corporation, Oxbow, Sinopec, PBF Energy, ConocoPhillips, LyondellBasell, BP.
The green fuel grade petcoke market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Green Fuel Grade Petcoke 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 Green Fuel Grade Petcoke Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Green Fuel Grade Petcoke 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 Green Fuel Grade Petcoke 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 Green Fuel Grade Petcoke Market Size & Forecast, 2018-2028
4.5.1 Green Fuel Grade Petcoke Market Size and Y-o-Y Growth
4.5.2 Green Fuel Grade Petcoke Market Absolute $ Opportunity
Chapter 5 Global Green Fuel Grade Petcoke 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 Green Fuel Grade Petcoke Market Size Forecast by Type
5.2.1 Needle Petcoke
5.2.2 Honeycomb Petcoke
5.2.3 Sponge Petcoke
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Green Fuel Grade Petcoke 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 Green Fuel Grade Petcoke Market Size Forecast by Applications
6.2.1 Cement
6.2.2 Steel
6.2.3 Aluminum
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Green Fuel Grade Petcoke 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 Green Fuel Grade Petcoke 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 Green Fuel Grade Petcoke Analysis and Forecast
9.1 Introduction
9.2 North America Green Fuel Grade Petcoke 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 Green Fuel Grade Petcoke Market Size Forecast by Type
9.6.1 Needle Petcoke
9.6.2 Honeycomb Petcoke
9.6.3 Sponge Petcoke
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 Green Fuel Grade Petcoke Market Size Forecast by Applications
9.10.1 Cement
9.10.2 Steel
9.10.3 Aluminum
9.10.4 Others
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 Green Fuel Grade Petcoke Analysis and Forecast
10.1 Introduction
10.2 Europe Green Fuel Grade Petcoke 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 Green Fuel Grade Petcoke Market Size Forecast by Type
10.6.1 Needle Petcoke
10.6.2 Honeycomb Petcoke
10.6.3 Sponge Petcoke
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 Green Fuel Grade Petcoke Market Size Forecast by Applications
10.10.1 Cement
10.10.2 Steel
10.10.3 Aluminum
10.10.4 Others
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 Green Fuel Grade Petcoke Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Green Fuel Grade Petcoke 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 Green Fuel Grade Petcoke Market Size Forecast by Type
11.6.1 Needle Petcoke
11.6.2 Honeycomb Petcoke
11.6.3 Sponge Petcoke
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 Green Fuel Grade Petcoke Market Size Forecast by Applications
11.10.1 Cement
11.10.2 Steel
11.10.3 Aluminum
11.10.4 Others
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 Green Fuel Grade Petcoke Analysis and Forecast
12.1 Introduction
12.2 Latin America Green Fuel Grade Petcoke 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 Green Fuel Grade Petcoke Market Size Forecast by Type
12.6.1 Needle Petcoke
12.6.2 Honeycomb Petcoke
12.6.3 Sponge Petcoke
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 Green Fuel Grade Petcoke Market Size Forecast by Applications
12.10.1 Cement
12.10.2 Steel
12.10.3 Aluminum
12.10.4 Others
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) Green Fuel Grade Petcoke Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Green Fuel Grade Petcoke 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) Green Fuel Grade Petcoke Market Size Forecast by Type
13.6.1 Needle Petcoke
13.6.2 Honeycomb Petcoke
13.6.3 Sponge Petcoke
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) Green Fuel Grade Petcoke Market Size Forecast by Applications
13.10.1 Cement
13.10.2 Steel
13.10.3 Aluminum
13.10.4 Others
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 Green Fuel Grade Petcoke Market: Competitive Dashboard
14.2 Global Green Fuel Grade Petcoke Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sinopec
14.3.2 Valero
14.3.3 Reliance
14.3.4 Shell
14.3.5 ExxonMobil
14.3.6 CNPC
14.3.7 Chevron
14.3.8 Saudi Aramco
14.3.9 Marathon Petroleum Corporation
14.3.10 Oxbow
14.3.11 Sinopec
14.3.12 PBF Energy
14.3.13 ConocoPhillips
14.3.14 LyondellBasell
14.3.15 BP
