The modern-day document posted via Report Ocean, titled “Petroleum Coke Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.
The global petroleum coke market was valued at $16,680 million in 2016, and is expected to reach $29,648 million by 2023, registering a CAGR of 8.6% during the forecast period. Crude oil is processed into diesel fuel, gasoline, lubricating oils & waxes, and some residual crude. This residual crude is further treated using coking process, and petroleum coke is produced. This is used as an alternative energy source and cost-effective fuel. At present, petroleum coke is produced at more than 140 refineries, globally. Petroleum coke finds its application as a source of carbon or energy in industrial applications.
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Low ash content of petroleum coke and minimal toxicity are the major factors that are expected to drive its demand in the near future. Increase in aluminum production is expected to boost the demand for petroleum coke during the forecast period. In addition, rise in demand for energy in various industrial sectors and development in cement & construction industries are anticipated to fuel the demand for petroleum coke in the near future. However, adverse effects on aquatic animals and terrestrial environment is expected to restrain the growth of petroleum coke market in the near future. Moreover, stringent government regulations towards the use of petroleum coke in some countries is anticipated to hamper the growth of market.
The report segments the global petroleum coke market based on type and application. On the basis of type, the market is bifurcated into fuel grade and calcined grade. By application, it is categorized into aluminum & other metals, cement, storage, steel, power, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The prominent players have strategically focused on product launches as their key strategy to gain significant share in the market.
COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
KEY BENEFITS FOR STAKEHOLDERS
This report provides an extensive analysis of the current trends and future estimations in the global petroleum coke market.
In-depth analysis of the industry is conducted through market estimations of key segments for the period 2017 to 2023.
Strategies adopted by leading manufacturers and distributors of petroleum coke helps understand the competitive scenario across geographies.
Comprehensive analysis of factors that drive and restrain the market growth is provided in the report.
Extensive analysis of the industry is conducted by following key product positioning and monitoring the top competitors within the market framework.
The key players are profiled along with their strategies to determine the competitive outlook of the market.
The key players profiled in the report are
Essar Oil
Chevron Corporation
Saudi Arabian Oil Company
ExxonMobil
British Petroleum
Marathon Petroleum Corporation
Valero Energy Corporation
Reliance Industries
Royal Dutch Shell
Trammo, Inc.
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Petroleum Coke Market Key Segments:
By Type
Fuel Grade
Calcined Coke
By Application
Aluminum & Other Metals
Cement
Storage
Steel
Power
Others
By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
KSA
Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the key questions answered:
- How has the adoption of Market impacted COVID-19?
- What are the key market tips in key areas?
- Which utilized sciences are most impacting the anticipated global enterprise?
- Who are the major global game enthusiasts in modern times dominating the Market?
- How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
- What are the vital corporation fashions determined via way of the foremost market players?
- What are the key factors that will have an effect on the expand of Market globally?
- How foremost game enthusiasts in the Global corporation environment are incorporating key
- What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?
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