The global petroleum coke market has
experienced significant growth over the past few years, primarily due to
substantial growth in the application industries which are referred to as
end-user segments in the report. Moreover, growing use of petcoke as a cost
effective fuel in cement and energy industries is expected to drive the growth
in the petcoke market over the forecast period. As per the report the global petroleum
coke market was worth USD 16.70 billion in 2016 and it is projected to reach
USD 29.47 billion in 2023, expanding at a CAGR of 8.5% between 2017 and 2023.
In terms of volume of consumption the market size, of Petroleum Coke was
80201.8 kilo tons in 2016 and it is projected to reach 133145.4 kilo tons by
the end of 2023, growing at a CAGR of 7.5% over the forecast period 2017-2023.
High demand for petroleum coke
has been witnessed in Asia Pacific region over the past few years owing to
developing economies such as China and India. Petroleum coke is also called as
petcoke. It is a solid carbon material obtained as a byproduct in the oil
refineries. Majorly, it comprises of carbon along with traces of sulfur and
heavy metals. Crude oil when refined is processed into petrol, diesel, naphtha,
fuel oil, kerosene and residue crude. Further a process known as coking is
carried out to produce petcoke. Currently, more than 100 refineries produce
petcoke across the globe. Fuel grade coke and calcined coke are the two major
types of petroleum coke available in the market. Major applications of fuel
grade coke are found in power plants and cement kilns owing to high calorific
value and less cost. Calcined coke is used to manufacture titanium oxide and
find applications in various industries such as aluminum, bricks, fertilizer,
glass and steel.
Market Insights
The global Petroleum Coke market
is driven by the factors such as, growing usage of petcoke as a cost effective
fuel in cements and energy industries, growth in production of aluminum and
steel, and, advanced technologies aiding the surge in production of crude oil.
However, health and environmental effects of the petcoke is likely to act as
restraining factor affecting the global petroleum coke market over the forecast
period.
Asia-Pacific dominates the world
Petroleum Coke market in terms of dollar share, while RoW (including South
America and Middle East) region is expected to grow at the highest CAGR over the
forecast period followed by Europe. The growth in the Asia-Pacific region is
primarily driven by emerging economies such as India, China and Indonesia.
Segments Covered
The report provides analysis of
global as well as regional markets of the petroleum coke market. In addition,
the global petroleum coke market is segmented by product and by end use. By
product covers calcined coke, fuel and grade coke. By end use covers power
plants, cement industry, blast furnace and others.
Geographies Covered
The global petroleum coke market
covers analysis of regions such as North America, Europe, Asia-Pacific and RoW
(including Latin America, Middle East and Africa). Among the geographies High
demand for petroleum coke has been witnessed in Asia Pacific region over the
past few years.
Figure: Global Petroleum Coke Market by Region

Companies Profiled
Some of the key players in the
global Petroleum Coke market are Indian Oil Corporation Limited, SABIC (Saudi
Arabian Oil Co.), Reliance Industries Limited, JM Eagle, Valero Energy
Corporation, Chevron Corporation, BP Plc, Essar Oil Ltd., Royal Dutch Shell Plc.
and ExxonMobil Corporation.
Report Highlights
The report covers the analysis of
global as well as regional markets of petroleum coke market and provides deep
insights on demand forecasts, market trends and micro and macro indicators. In
addition, this report provides insights on the factors that are driving and
restraining the demand globally as well as regionally. We also have highlighted
future trends in the petroleum coke that will impact the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight on the market share of the leading players. Additionally, the
analysis highlights rise and fall in the market shares of the key players in
the market.
Infinium Global Research- Growth
Matrix analysis given in the report brings an insight on the investment areas
that existing or new market players can consider also by using analytical tools
such as Porter’s five forces analysis and value chain analysis of petroleum
coke in-depth analysis is provided. Moreover, the study highlights current
market trends and provides forecast from 2017 to 2023. This report will help
manufacturers, suppliers and distributors to understand the present and future
trends in this market and formulate their strategies accordingly.