Market Overview:
The global petroleum coke 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 calcined petroleum coke and fuel grade petroleum coke from various applications such as construction, power generation, cement, storage, steel and others. Additionally, the growing demand for petcoke in Asia Pacific and Middle East & Africa is also contributing to the growth of this market. However, factors such as environmental concerns related to petcoke emissions are restraining the growth of this market.
 Coke Industry Outlook.svg)
Product Definition:
Petroleum coke is a carbonaceous solid derived from the refinement of petroleum. It consists of a wide range of hydrocarbons, primarily carbon and hydrogen. Petroleum coke is used as an industrial fuel and as a raw material in the production of aluminum, chemicals, and other products.
Calcined Coke:
calcined coke is a product of thermal decomposition of petroleum coke. It is used as an additive in the production of PET (Polyethylene Terephthalate) resin. Calcined coke has a composition similar to that of natural graphite and can be used as an alternative to conventional graphite in the production process, thereby reducing costs associated with its procurement and handling during manufacturing processes.
Fuel Grade:
Fuel grade is a type of coke which is used in the manufacturing process of PET. Fuel grade coke has different properties as compared to Lump Coke. It can be used for higher melting point products such as Polyethylene Terephthalate (PET) and High-Density Polyethylene (HDPE). The fuel-grade product finds its major application in the plastic industry, whereas other grades find their major application in petroleum industries.
Application Insights:
The construction application segment accounted for the largest volume share of over 30% in 2017. The product is widely used in the construction industry as a raw material and coke is added to fireproof materials such as cement, mortar, stucco and bricks. Increasing use of steel in building & construction activities across the globe has led to increased production of steel from scratch mills. This has resulted in high demand for petroleum coke which serves as a reliable alternative fuel source for power generation purposes.
Petroleum coke is also used extensively as an additive into diesel and gas oil with various performance-enhancing properties including abrasion resistance, thermal stability.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing increasing demand for petroleum coke from various end-use industries such as construction, power generation, steel production, etc. This growth can be attributed to rising energy needs and growing industrialization across emerging economies such as China and India.
China accounted for a major share of global consumption owing to rapid industrialization coupled with an increase in energy requirements due to climatic changes. In addition, factors such as low cost of raw material availability are anticipated to further drive industry expansion over the coming years.
North America emerged as one of the significant consumers of petroleum coke on account of high demand from cement manufacturing sector primarily in countries including U.S., Canada, Mexico and Brazil among others which are likely to propel market growth during the forecast period (2018 - 2030).
Growth Factors:
- Increasing demand from steel and aluminum industries: The global consumption of steel is expected to grow at a CAGR of around 3% during the period 2016-2021. This would lead to an increase in the demand for petroleum coke, as it is used as a fuel and/or a raw material in the production of steel. The global consumption of aluminum is expected to grow at a CAGR of 6% during the period 2016-2021, which would also lead to an increase in the demand for petroleum coke.
- Rising investments in infrastructure: There has been an increasing focus on developing new infrastructure projects across various regions worldwide, especially in emerging economies such as China and India. This would lead to an increase in the demand for various commodities, including petroleum coke.
- Growing use of petcoke in power generation: Petcoke has emerged as an attractive fuel option for power generation due to its low cost and high calorific value relative to other fuels such as coal and natural gas. As a result, there has been rising interest among utilities globally towards using petcoke for power generation purposes. This would lead to increased demand for petcoke globally over time.. 4) Stringent environmental regulations worldwide: Various governments around the world are increasingly implementing stringent environmental regulations governing emissions from industrial facilities (including those that use petcoke). These regulations are likely result In reduced availability (and higher costs)of traditional fuels such
Scope Of The Report
Report Attributes
Report Details
Report Title
Petroleum (PET) Coke Market Research Report
By Type
Calcined Coke, Fuel Grade
By Application
Construction, Power Generation, Cement, Storage, Steel, Others
By Companies
Shell, Valero Energy, ConocoPhillips, MPC, Asbury Carbons, ExxonMobil, Aminco Resource, Carbograf, British Petroleum, Ferrolux, Mitsubishi, Sumitomo, Nippon Coke&Engineering, Indian Oil, Atha, Essar Oil
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
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global Petroleum (PET) Coke Market Report Segments:
The global Petroleum (PET) Coke market is segmented on the basis of:
Types
Calcined Coke, Fuel Grade
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
Construction, Power Generation, Cement, Storage, Steel, 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:
- Shell
- Valero Energy
- ConocoPhillips
- MPC
- Asbury Carbons
- ExxonMobil
- Aminco Resource
- Carbograf
- British Petroleum
- Ferrolux
- Mitsubishi
- Sumitomo
- Nippon Coke&Engineering
- Indian Oil
- Atha
- Essar Oil
 Coke Market Overview.svg)
Highlights of The Petroleum (PET) 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:
- Calcined Coke
- Fuel Grade
- By Application:
- Construction
- Power Generation
- Cement
- Storage
- Steel
- 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 Petroleum (PET) 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.
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
 Coke Market Statistics.svg)
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?
Petroleum Coke is a by-product of the oil refining process. It is made up of hydrocarbons that have been separated from crude oil.
Some of the key players operating in the petroleum (pet) coke market are Shell, Valero Energy, ConocoPhillips, MPC, Asbury Carbons, ExxonMobil, Aminco Resource, Carbograf, British Petroleum, Ferrolux, Mitsubishi, Sumitomo, Nippon Coke&Engineering, Indian Oil, Atha, Essar Oil.
The petroleum (pet) coke 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 Petroleum (PET) 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 Petroleum (PET) Coke Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Petroleum (PET) 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 Petroleum (PET) 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 Petroleum (PET) Coke Market Size & Forecast, 2018-2028
4.5.1 Petroleum (PET) Coke Market Size and Y-o-Y Growth
4.5.2 Petroleum (PET) Coke Market Absolute $ Opportunity
Chapter 5 Global Petroleum (PET) Coke 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 Petroleum (PET) Coke Market Size Forecast by Type
5.2.1 Calcined Coke
5.2.2 Fuel Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Petroleum (PET) Coke 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 Petroleum (PET) Coke Market Size Forecast by Applications
6.2.1 Construction
6.2.2 Power Generation
6.2.3 Cement
6.2.4 Storage
6.2.5 Steel
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Petroleum (PET) 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 Petroleum (PET) 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 Petroleum (PET) Coke Analysis and Forecast
9.1 Introduction
9.2 North America Petroleum (PET) Coke 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 Petroleum (PET) Coke Market Size Forecast by Type
9.6.1 Calcined Coke
9.6.2 Fuel Grade
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 Petroleum (PET) Coke Market Size Forecast by Applications
9.10.1 Construction
9.10.2 Power Generation
9.10.3 Cement
9.10.4 Storage
9.10.5 Steel
9.10.6 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 Petroleum (PET) Coke Analysis and Forecast
10.1 Introduction
10.2 Europe Petroleum (PET) Coke 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 Petroleum (PET) Coke Market Size Forecast by Type
10.6.1 Calcined Coke
10.6.2 Fuel Grade
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 Petroleum (PET) Coke Market Size Forecast by Applications
10.10.1 Construction
10.10.2 Power Generation
10.10.3 Cement
10.10.4 Storage
10.10.5 Steel
10.10.6 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 Petroleum (PET) Coke Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Petroleum (PET) Coke 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 Petroleum (PET) Coke Market Size Forecast by Type
11.6.1 Calcined Coke
11.6.2 Fuel Grade
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 Petroleum (PET) Coke Market Size Forecast by Applications
11.10.1 Construction
11.10.2 Power Generation
11.10.3 Cement
11.10.4 Storage
11.10.5 Steel
11.10.6 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 Petroleum (PET) Coke Analysis and Forecast
12.1 Introduction
12.2 Latin America Petroleum (PET) Coke 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 Petroleum (PET) Coke Market Size Forecast by Type
12.6.1 Calcined Coke
12.6.2 Fuel Grade
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 Petroleum (PET) Coke Market Size Forecast by Applications
12.10.1 Construction
12.10.2 Power Generation
12.10.3 Cement
12.10.4 Storage
12.10.5 Steel
12.10.6 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) Petroleum (PET) Coke Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Petroleum (PET) Coke 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) Petroleum (PET) Coke Market Size Forecast by Type
13.6.1 Calcined Coke
13.6.2 Fuel Grade
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) Petroleum (PET) Coke Market Size Forecast by Applications
13.10.1 Construction
13.10.2 Power Generation
13.10.3 Cement
13.10.4 Storage
13.10.5 Steel
13.10.6 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 Petroleum (PET) Coke Market: Competitive Dashboard
14.2 Global Petroleum (PET) Coke Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Shell
14.3.2 Valero Energy
14.3.3 ConocoPhillips
14.3.4 MPC
14.3.5 Asbury Carbons
14.3.6 ExxonMobil
14.3.7 Aminco Resource
14.3.8 Carbograf
14.3.9 British Petroleum
14.3.10 Ferrolux
14.3.11 Mitsubishi
14.3.12 Sumitomo
14.3.13 Nippon Coke&Engineering
14.3.14 Indian Oil
14.3.15 Atha
14.3.16 Essar Oil
