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The global calcined petroleum coke market is expected to grow at a CAGR of 3.2% during the period 2024-2032.
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The global market for calcined petroleum coke is expected to be driven by applications in industries such as aluminium, steel and titanium dioxide. Titanium dioxide is used as a pigment for paint, plastics, sunscreens and food coloring. Key markets are expected to be North America, Europe and Asia. In 2019, top exporters of calcined petroleum coke were USA, United Kingdom, China, Japan and Germany, while top importers were India, China, Netherlands, Spain, and United Arab Emirates.
India’s aluminium production is expected to remain robust and demand for the metal is expected to grow owing to new applications. Aluminium is cheaper than copper, and has superior weight to strength ratio, corrosion resistance, formability, dampness, etc. Proposed reforms by the Government of India, such as development of Smart Cities, Rural Electrification, emphasis on renewable energy projects under the National Electricity Policy have increased aluminium use. As demand for aluminium increases across businesses, the demand for calcined petroleum coke is also expected to increase in the country.
Calcined petroleum coke is an essential element in the production of aluminium. Calcinated petroleum coke is made by heating high-quality raw green petroleum coke to temperatures ranging from 1200 to 1350 degrees Celsius (2192 to 2460 degrees Fahrenheit) in rotary kilns. Through these temperatures, excess moisture is removed, all remaining hydrocarbons extracted, and the crystalline structure of the coke modified, thus, a denser, more electrically conductive product is obtained. Calcined petroleum coke is cooled from 1350 degrees Celsius to less than 200 degrees Celsius in a few hours, allowing it to be securely handled and transferred to storage silos or directly into shipping containers, trucks, railcars, barges, or vessels.
Green petroleum coke has different structural forms, known as needle coke, sponge coke, and shot coke. The quality of crude oil plays a key role in determining which of these is produced, however, the coker operation may also have an influence.
Needle coke is a premium product and has very low sulphur (S) and impurity levels; it has a very layered or anisotropic structure. It is ideal for the production of the graphite electrodes used in steel-producing electric arc furnaces.
The sponge-like structure of calcined petroleum coke is useful in the production of anodes. The pores enable the binding material to pass through the coke particles and create a solid carbon block through which aluminium smelters conduct electricity into their smelting pots. The anodes are consumed over time (nearly 40 tonnes of calcined petroleum coke expended for every 100 tonnes of aluminium manufactured). Presently, no known commercially feasible substitute exists for calcined petroleum coke in the production and use of aluminium smelter anodes. The majority of calcined petroleum coke produced is consumed by the primary aluminium industry, followed by the steel industry (where it is employed as a recarburizing agent).
Shot coke has a typical spherical particle shape and a dense, very isotropic (also called granular) texture. Shot coke has higher levels of sulfur and trace metal impurities.
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By type, the market is segmented into:
By application, the market is classified into:
By grade, the market is divided into:
By region, the market is segmented into:
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The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Application |
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Breakup by Grade |
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Breakup by Region |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The calcined petroleum coke market is estimated to grow at a CAGR of 3.2% between 2024 and 2032.
The major drivers of the market include the rising demand for aluminium in various end use industries, rising application of the product in paints, colourings, and coatings, and rapid urbanisation.
The rapid technological advancements in the titanium smelting industry are expected to be the key trend guiding the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Needle coke, shot coke, sponge coke, and honeycomb coke are the different types of the product.
Aluminium industry, and steel industry, among others are the major applications of the product.
Anode grade and needle grade are the different market divisions, based on grade.
The major players in the industry are BP America Inc., Elsid S.A., Oxbow Corporation, Maniyar Group of Industries, Atha Group, and Rain Industries Limited, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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