Petcoke is a type of coal that is used as fuel. It is a byproduct of the process of refining petroleum and natural gas. Petcoke has been used in the production of steel, aluminum, cement, and power generation. The global pet coke market was valued at USD 3.5 billion in 2018 and is expected to reach USD 4.8 billion by 2030, growing at a CAGR of 5% from 2019 to 2030.
The global pet coke market can be segmented on the basis of type into needle coke type, shot coke type, sponge coke type and honeycomb coke type; on the basis of application into power generation, cement production, aluminum production and steel production; and on the basis of region into North America (NA), Latin America (LA), Europe (EU), Asia Pacific (APAC) and Middle East & Africa (MEA). In 2018 needle coal accounted for over 50% share in terms of volume while shot coal accounted for over 50% share in terms of value globally due to its higher calorific value than other types such as sponge or honeycomb coal which are more expensive than needle or shot coal due to their lower calorific values but higher ash content which makes them less desirable for use as fuel because they produce more emissions when burned compared with other types such as needle or shot coal which have lower ash content but higher calorific values per tonne making them more desirable for use as fuel because they produce less emissions when burned.
Some Of The Growth Factors Of This Market:
- The petcoke market is driven by the increasing demand for coal in the power generation sector.
- The petcoke market is also driven by the increasing demand for coal in steel production.
- Increasing environmental regulations and standards are expected to drive the growth of the petcoke market.
- Increasing demand for low-sulfur coal will drive the growth of this market.
Industry Growth Insights published a new data on “Pet Coke (Petcoke) Market”. The research report is titled “Pet Coke (Petcoke) Market research by Types (Needle Coke Type, Shot Coke Type, Sponge Coke Type, Honeycomb Coke Type, Others), By Applications (Power, Cement, Aluminum, Steel, Others), By Players/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, Minmat Ferro Alloys, Rain CII, Reliance, Aluminium Bahrain, Saudi Aramco, CPC, Sinopec, CNPC, CNOOC, Landbridge Group, Shaanxi Coal and Chem, Luqing Petrochemical”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Pet Coke (Petcoke) Market Research Report
By Type
Needle Coke Type, Shot Coke Type, Sponge Coke Type, Honeycomb Coke Type, Others
By Application
Power, Cement, Aluminum, 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, Minmat Ferro Alloys, Rain CII, Reliance, Aluminium Bahrain, Saudi Aramco, CPC, Sinopec, CNPC, CNOOC, Landbridge Group, Shaanxi Coal and Chem, Luqing Petrochemical
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
 Industry Outlook.svg)
Global Pet Coke (Petcoke) Market Report Segments:
The global Pet Coke (Petcoke) market is segmented on the basis of:
Types
Needle Coke Type, Shot Coke Type, Sponge Coke Type, Honeycomb Coke Type, Others
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
Power, Cement, Aluminum, 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
- Minmat Ferro Alloys
- Rain CII
- Reliance
- Aluminium Bahrain
- Saudi Aramco
- CPC
- Sinopec
- CNPC
- CNOOC
- Landbridge Group
- Shaanxi Coal and Chem
- Luqing Petrochemical
 Market Overview.svg)
Highlights of The Pet Coke (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 Coke Type
- Shot Coke Type
- Sponge Coke Type
- Honeycomb Coke Type
- Others
- By Application:
- Power
- Cement
- Aluminum
- 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 Pet Coke (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.
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- 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
 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?
Pet Coke is a by-product of the oil refining process. It is a black, tar-like substance that can be used as an asphalt additive or fuel.
Some of the key players operating in the pet coke (petcoke) 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, Minmat Ferro Alloys, Rain CII, Reliance, Aluminium Bahrain, Saudi Aramco, CPC, Sinopec, CNPC, CNOOC, Landbridge Group, Shaanxi Coal and Chem, Luqing Petrochemical.
The pet coke (petcoke) market is expected to grow at a compound annual growth rate of 5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Pet Coke (Petcoke) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Pet Coke (Petcoke) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Pet Coke (Petcoke) Market - Supply Chain
4.5. Global Pet Coke (Petcoke) Market Forecast
4.5.1. Pet Coke (Petcoke) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Pet Coke (Petcoke) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Pet Coke (Petcoke) Market Absolute $ Opportunity
5. Global Pet Coke (Petcoke) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Pet Coke (Petcoke) Market Size and Volume Forecast by Type
5.3.1. Needle Coke Type
5.3.2. Shot Coke Type
5.3.3. Sponge Coke Type
5.3.4. Honeycomb Coke Type
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Pet Coke (Petcoke) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Pet Coke (Petcoke) Market Size and Volume Forecast by Application
6.3.1. Power
6.3.2. Cement
6.3.3. Aluminum
6.3.4. Steel
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Pet Coke (Petcoke) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Pet Coke (Petcoke) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Pet Coke (Petcoke) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Pet Coke (Petcoke) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Pet Coke (Petcoke) Demand Share Forecast, 2019-2026
9. North America Pet Coke (Petcoke) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Pet Coke (Petcoke) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Pet Coke (Petcoke) Market Size and Volume Forecast by Application
9.4.1. Power
9.4.2. Cement
9.4.3. Aluminum
9.4.4. Steel
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Pet Coke (Petcoke) Market Size and Volume Forecast by Type
9.7.1. Needle Coke Type
9.7.2. Shot Coke Type
9.7.3. Sponge Coke Type
9.7.4. Honeycomb Coke Type
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Pet Coke (Petcoke) Demand Share Forecast, 2019-2026
10. Latin America Pet Coke (Petcoke) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Pet Coke (Petcoke) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Pet Coke (Petcoke) Market Size and Volume Forecast by Application
10.4.1. Power
10.4.2. Cement
10.4.3. Aluminum
10.4.4. Steel
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Pet Coke (Petcoke) Market Size and Volume Forecast by Type
10.7.1. Needle Coke Type
10.7.2. Shot Coke Type
10.7.3. Sponge Coke Type
10.7.4. Honeycomb Coke Type
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Pet Coke (Petcoke) Demand Share Forecast, 2019-2026
11. Europe Pet Coke (Petcoke) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Pet Coke (Petcoke) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Pet Coke (Petcoke) Market Size and Volume Forecast by Application
11.4.1. Power
11.4.2. Cement
11.4.3. Aluminum
11.4.4. Steel
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Pet Coke (Petcoke) Market Size and Volume Forecast by Type
11.7.1. Needle Coke Type
11.7.2. Shot Coke Type
11.7.3. Sponge Coke Type
11.7.4. Honeycomb Coke Type
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Pet Coke (Petcoke) Demand Share, 2019-2026
12. Asia Pacific Pet Coke (Petcoke) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Pet Coke (Petcoke) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Pet Coke (Petcoke) Market Size and Volume Forecast by Application
12.4.1. Power
12.4.2. Cement
12.4.3. Aluminum
12.4.4. Steel
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Pet Coke (Petcoke) Market Size and Volume Forecast by Type
12.7.1. Needle Coke Type
12.7.2. Shot Coke Type
12.7.3. Sponge Coke Type
12.7.4. Honeycomb Coke Type
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Pet Coke (Petcoke) Demand Share, 2019-2026
13. Middle East & Africa Pet Coke (Petcoke) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Pet Coke (Petcoke) Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Pet Coke (Petcoke) Market Size and Volume Forecast by Application
13.4.1. Power
13.4.2. Cement
13.4.3. Aluminum
13.4.4. Steel
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Pet Coke (Petcoke) Market Size and Volume Forecast by Type
13.7.1. Needle Coke Type
13.7.2. Shot Coke Type
13.7.3. Sponge Coke Type
13.7.4. Honeycomb Coke Type
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Pet Coke (Petcoke) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Pet Coke (Petcoke) Market: Market Share Analysis
14.2. Pet Coke (Petcoke) Distributors and Customers
14.3. Pet Coke (Petcoke) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Shell
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Valero Energy
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. ConocoPhillips
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. MPC
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Asbury Carbons
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ExxonMobil
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Aminco Resource
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Carbograf
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. British Petroleum
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Ferrolux
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Mitsubishi
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Sumitomo
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Nippon Coke&Engineering
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Indian Oil
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Atha
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Essar Oil
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Minmat Ferro Alloys
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Rain CII
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Reliance
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Aluminium Bahrain
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
