Reports

Petroleum Coke Market

Global Petroleum Coke Market: By Grade: Fuel Grade, Calcined Coke; By Physical Form: Needle Coke, Sponge Coke, Catalyst Coke, Shot Coke, Purge Coke; By End Use: Power Plants, Cement Industry, Steel Industry, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Competitive Landscape; Industry Events and Developments

Global Petroleum Coke Market Outlook

The global petroleum coke market reached a value of USD 23.36 billion in 2022. The market is further expected to grow at a CAGR of 7% in the forecast period of 2023-2028 to reach a value of USD 35.03 billion by 2028.

 

Global Petroleum Coke Market

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Power Plants and the Cement Industry to Drive the Demand for Petroleum Coke

Based on end use, power plants and cement kiln are the significant segments, accounting for a major chunk of the petroleum coke industry. Petroleum coke serves as a cost-effective alternative to coal and fuel grade petroleum coke is often utilised as a source of energy in various industries. Further, petroleum coke is also utilised in the production of metals, particularly steel, which is also contributing to the industry growth. The rising demand for cement and the growth of the construction industry are expected to significantly boost the demand for petroleum coke in the forecast period.

Region wise, North America significantly contributes to the industry growth owing to the increased demand for energy in the region. The rapid urbanisation trends, growing operations, and rising investments in infrastructure projects are aiding the regional industry growth. Within the region, the United States is the leading exporter of petroleum coke.

 

Petroleum Coke: Market Segmentation

Petroleum coke, also known as petcoke, is a solid rock material and a byproduct of crude oil refining and other cracking processes. It can be produced in different grades by varying the coking temperature, coking time, and the quality of the raw material used.

 

Global Petroleum Coke Market By Grade

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By grade, the market is bifurcated into:

  • Fuel Grade
  • Calcined Coke

Based on physical form, the industry can be segmented into:

  • Needle Coke
  • Sponge Coke
  • Catalyst Coke
  • Shot Coke
  • Purge Coke

On the basis of end use, the industry is categorised into:

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Petroleum Coke Market By Region

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Rising Demand for Energy to Boost the Growth of the Petroleum Coke Industry

The growing global energy demand is driving the growth of the petroleum coke industry. Petroleum coke is widely used as an energy source in power plants and various industries like cement, steel, and others due to its high calorific value. The rising construction activities and growing urbanisation trends are expected to further contribute to the industry growth as this would enhance the market for cement and steel. The rapid technological advancements and the growth in oil production capacity are also driving the market growth globally. However, fluctuations in fuel prices is a major challenge, which may restrain the market growth in the forecast period.

 

Key Industry Players in the Global Petroleum Coke Market

The report gives a detailed analysis of the following key players in the global petroleum coke market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • BP Plc
  • Phillips 66 Company
  • PJSC Lukoil
  • Royal Dutch Shell Plc
  • Indian Oil Corporation Ltd.
  • Valero Energy Corporation
  • Essar
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Grade, Physical Form, End Use, Region
Breakup by Grade Fuel Grade, Calcined Coke
Breakup by Physical Form Needle Coke, Sponge Coke, Catalyst Coke, Shot Coke, Purge Coke
Breakup by End Use Power Plants, Cement Industry, Steel Industry, Aluminium Industry, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered BP Plc, Phillips 66 Company, PJSC Lukoil, Royal Dutch Shell Plc, Indian Oil Corporation Ltd., Valero Marketing and Supply Company, Essar, Others
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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Petroleum Coke Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Petroleum Coke Historical Market (2018-2022) 
    8.3    Global Petroleum Coke Market Forecast (2023-2028)
    8.4    Global Petroleum Coke Market by Grade
        8.4.1    Fuel Grade
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Calcined Coke
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
    8.5    Global Petroleum Coke Market by Physical Form
        8.5.1    Needle Coke
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Sponge Coke
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    Catalyst Coke
            8.5.3.1    Historical Trend (2018-2022)
            8.5.3.2    Forecast Trend (2023-2028)
        8.5.4    Shot Coke
            8.5.4.1    Historical Trend (2018-2022)
            8.5.4.2    Forecast Trend (2023-2028)
        8.5.5    Purge Coke
            8.5.5.1    Historical Trend (2018-2022)
            8.5.5.2    Forecast Trend (2023-2028)
    8.6    Global Petroleum Coke Market by End Use
        8.6.1    Power Plants
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Cement Industry
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Steel Industry
            8.6.3.1    Historical Trend (2018-2022)
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Aluminium Industry
            8.6.4.1    Historical Trend (2018-2022)
            8.6.4.2    Forecast Trend (2023-2028)
        8.6.5    Others   
    8.7    Global Petroleum Coke Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2022)
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2022)
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2022)
            8.7.3.2    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2022)
            8.7.4.2    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2022)
            8.7.5.2    Forecast Trend (2023-2028)
9    North America Petroleum Coke Market Analysis
    9.1    United States of America
        9.1.1    Historical Trend (2018-2022)
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022)
        9.2.2    Forecast Trend (2023-2028)
10    Europe Petroleum Coke Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022)
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022)
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022)
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022)
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Petroleum Coke Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022)
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022)
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022)
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022)
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022)
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Petroleum Coke Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022)
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022)
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022)
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Petroleum Coke Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022)
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022)
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022)
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022)
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Trade Data Analysis (HS Code – 271311, 271312)
    16.1    Major Importing Countries
        16.1.1    By Volume
        16.1.2    By Value
    16.2    Major Exporting Countries
        16.2.1    By Volume
        16.2.2    By Value
17    Price Analysis
    17.1    North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
    17.2    Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
    17.3    Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
    17.4    Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
    17.5    Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
18    Competitive Landscape
    18.1    Market Structure
    18.2    Company Profiles
        18.2.1    BP Plc
            18.2.1.1    Company Overview
            18.2.1.2    Product Portfolio
            18.2.1.3    Demographic Reach and Achievements
            18.2.1.4    Certifications
        18.2.2    Phillips 66 Company
            18.2.2.1    Company Overview
            18.2.2.2    Product Portfolio
            18.2.2.3    Demographic Reach and Achievements
            18.2.2.4    Certifications
        18.2.3    PJSC Lukoil
            18.2.3.1    Company Overview
            18.2.3.2    Product Portfolio
            18.2.3.3    Demographic Reach and Achievements
            18.2.3.4    Certifications
        18.2.4    Royal Dutch Shell Plc
            18.2.4.1    Company Overview
            18.2.4.2    Product Portfolio
            18.2.4.3    Demographic Reach and Achievements
            18.2.4.4    Certifications
        18.2.5    Indian Oil Corporation Ltd.
            18.2.5.1    Company Overview
            18.2.5.2    Product Portfolio
            18.2.5.3    Demographic Reach and Achievements
            18.2.5.4    Certifications
        18.2.6    Valero Marketing and Supply Company
            18.2.6.1    Company Overview
            18.2.6.2    Product Portfolio
            18.2.6.3    Demographic Reach and Achievements
            18.2.6.4    Certifications
        18.2.7    Essar
            18.2.7.1    Company Overview
            18.2.7.2    Product Portfolio
            18.2.7.3    Demographic Reach and Achievements
            18.2.7.4    Certifications
        18.2.8    Others
19    Key Trends and Developments in the Market

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operations Involved
2    Project Requirements and Cost Analysis
    2.1    Land, Location, and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Raw Materials
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investments

 

List of Key Figures and Tables

1.    Global Petroleum Coke Market: Key Industry Highlights, 2016 and 2026
2.    Global Petroleum Coke Historical Market: Breakup by Grade (USD Billion), 2018-2022
3.    Global Petroleum Coke Market Forecast: Breakup by Grade (USD Billion), 2023-2028
4.    Global Petroleum Coke Historical Market: Breakup by Product Type (USD Billion), 2018-2022
5.    Global Petroleum Coke Market Forecast: Breakup by Product Type (USD Billion), 2023-2028
6.    Global Petroleum Coke Historical Market: Breakup by End Use (USD Billion), 2018-2022
7.    Global Petroleum Coke Market Forecast: Breakup by End Use (USD Billion), 2023-2028
8.    Global Petroleum Coke Historical Market: Breakup by Region (USD Billion), 2018-2022
9.    Global Petroleum Coke Market Forecast: Breakup by Region (USD Billion), 2023-2028
10.    North America Petroleum Coke Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    North America Petroleum Coke Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Europe Petroleum Coke Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Europe Petroleum Coke Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Asia Pacific Petroleum Coke Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Asia Pacific Petroleum Coke Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Latin America Petroleum Coke Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Latin America Petroleum Coke Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Middle East and Africa Petroleum Coke Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Middle East and Africa Petroleum Coke Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Major Importing Countries by Volume (2020)
21.    Major Exporting Countries by Volume (2020)
22.    Major Importing Countries by Value (2020)
23.    Major Exporting Countries by Value (2020)
24.    North America Historical Price Trends and Forecast 2018-2028
25.    Europe Historical Price Trends and Forecast 2018-2028
26.    Asia Pacific Historical Price Trends and Forecast 2018-2028
27.    Latin America Historical Price Trends and Forecast 2018-2028
28.    Middle East and Africa Historical Price Trends and Forecast 2018-2028
29.    Global Petroleum Coke Market Structure

Key Questions Answered in the Report

What was the global petroleum coke market size in 2022?

In 2022, the market size attained a value of approximately USD 23.36 billion.

What is the growth rate of the global petroleum coke market?

The market is projected to grow at a CAGR of 7% between 2023 and 2028.

What is the forecast outlook of the global petroleum coke market for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 35.03 billion by 2028.

What are the major market drivers?

The major drivers of the market include growing requirement of energy, rapid industrialisation and urbanisation, growing construction activities, increasing population, and rising demand from both developed and developing regions.

What are the key trends of the market?

The key trends guiding the growth of the market include the growing technological advancements and increasing E&P activities in the oil industry.

What are the major regional markets of petroleum coke, according to the EMR report?

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the leading grades of petroleum coke in the market?

The leading grades of petroleum coke in the market are fuel grade and calcined coke.

What are the major physical forms of petroleum coke in the market?

The major physical forms of petroleum coke in the market are needle coke, sponge coke, catalyst coke, shot coke, and purge coke.

What are the significant end uses in the market?

The significant end uses in the market are power plants, cement industry, steel industry, and aluminium industry, among others.

Who are the key market players, according to the report?

The key players in the global petroleum coke market are BP Plc, Phillips 66 Company, PJSC Lukoil, Royal Dutch Shell Plc, Indian Oil Corporation Ltd., Valero Marketing and Supply Company, and Essar, among others.
 

Analyst Review

The global petroleum coke market attained a value of USD 23.36 billion in 2022, driven by rising energy requirements. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 7%. The market is projected to reach USD 35.03 billion by 2028.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on grade, the market is divided into fuel grade and calcined coke. On the basis of physical form, the industry is categorised into needle coke, sponge coke, catalyst coke, shot coke, and purge coke. By end use, the market is segmented into power plants, cement industry, steel industry, and aluminium industry, among others. The major regional markets for petroleum coke are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include BP Plc, Phillips 66 Company, PJSC Lukoil, Royal Dutch Shell Plc, Indian Oil Corporation Ltd., Valero Energy Corporation, and Essar, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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