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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 (2016-2026); Competitive Landscape; Industry Events and Developments

Global Petroleum Coke Market Outlook

The global petroleum coke market reached a value of USD 20.4 billion in 2020. The market is further expected to grow at a CAGR of 7% in the forecast period of 2021-2026 to reach a value of USD 30.6 billion by 2026.

 

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: Industry Definition and 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.

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.

 

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 industry based on the Porter's five forces model along with giving a SWOT analysis.

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    Industry Opportunities and Challenges
8    Global Petroleum Coke Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Petroleum Coke Historical Market (2016-2020) 
    8.3    Global Petroleum Coke Market Forecast (2021-2026)
    8.4    Global Petroleum Coke Market by Grade
        8.4.1    Fuel Grade
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Calcined Coke
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    8.5    Global Petroleum Coke Market by Physical Form
        8.5.1    Needle Coke
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Sponge Coke
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Catalyst Coke
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Shot Coke
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Purge Coke
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2016-2020)
            8.5.5.3    Forecast Trend (2021-2026)
    8.6    Global Petroleum Coke Market by End Use
        8.6.1    Power Plants
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Cement Industry
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Steel Industry
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Aluminium Industry
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2016-2020)
            8.6.4.3    Forecast Trend (2021-2026)
        8.6.5    Others
    8.7    Global Petroleum Coke Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis (HS Code – 271311, 271312)

    12.1    Major Importing Countries
        12.1.1    By Volume
        12.1.2    By Value
    12.2    Major Exporting Countries
        12.2.1    By Volume
        12.2.2    By Value
13    Price Analysis
    13.1    North America Historical Price Trend (2016-2020) and Forecast (2021-2026)
    13.2    Europe Historical Price Trend (2016-2020) and Forecast (2021-2026)
    13.3    Asia Pacific Historical Price Trend (2016-2020) and Forecast (2021-2026)
    13.4    Latin America Historical Price Trend (2016-2020) and Forecast (2021-2026)
    13.5    Middle East and Africa Historical Price Trend (2016-2020) and Forecast (2021-2026)
14    Competitive Landscape
    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    BP Plc
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    Phillips 66 Company
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    PJSC Lukoil
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    Royal Dutch Shell Plc
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    Indian Oil Corporation Ltd.
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    Valero Marketing and Supply Company
            14.2.6.1    Company Overview
            14.2.6.2    Product Portfolio
            14.2.6.3    Demographic Reach and Achievements
            14.2.6.4    Certifications
        14.2.7    Essar
            14.2.7.1    Company Overview
            14.2.7.2    Product Portfolio
            14.2.7.3    Demographic Reach and Achievements
            14.2.7.4    Certifications
        14.2.8    Others
15    Industry Events and Developments

 

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 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), 2016-2020
3.    Global Petroleum Coke Market Forecast: Breakup by Grade (USD Billion), 2021-2026
4.    Global Petroleum Coke Historical Market: Breakup by Product Type (USD Billion), 2016-2020
5.    Global Petroleum Coke Market Forecast: Breakup by Product Type (USD Billion), 2021-2026
6.    Global Petroleum Coke Historical Market: Breakup by End Use (USD Billion), 2016-2020
7.    Global Petroleum Coke Market Forecast: Breakup by End Use (USD Billion), 2021-2026
8.    Global Petroleum Coke Historical Market: Breakup by Region (USD Billion), 2016-2020
9.    Global Petroleum Coke Market Forecast: Breakup by Region (USD Billion), 2021-2026
10.    North America Petroleum Coke Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    North America Petroleum Coke Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Europe Petroleum Coke Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Europe Petroleum Coke Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Asia Pacific Petroleum Coke Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Asia Pacific Petroleum Coke Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Latin America Petroleum Coke Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Latin America Petroleum Coke Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Middle East and Africa Petroleum Coke Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Middle East and Africa Petroleum Coke Market Forecast: Breakup by Country (USD Billion), 2021-2026
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 2016-2026
25.    Europe Historical Price Trends and Forecast 2016-2026
26.    Asia Pacific Historical Price Trends and Forecast 2016-2026
27.    Latin America Historical Price Trends and Forecast 2016-2026
28.    Middle East and Africa Historical Price Trends and Forecast 2016-2026
29.    Global Petroleum Coke Market Structure

Key Questions Answered in the Report

In 2020, the global petroleum coke market attained a value of nearly USD 20.4 billion.

The market is projected to grow at a CAGR of 7% between 2021 and 2026.

The major drivers of the industry, such as the growing requirement of energy, rapid industrialisation and urbanisation, growing construction activities, increasing population, and rising demand from both developed and developing regions, are expected to aid the market growth.

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

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

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

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

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

The major players in the industry are BP Plc, Phillips 66 Company, PJSC Lukoil, Royal Dutch Shell Plc, Indian Oil Corporation Ltd., Valero Energy Corporation, and Essar, among others.

Analyst Review

The global petroleum coke market attained a value of USD 20.4 billion in 2020, 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 2021-2026, growing at a CAGR of 7%. The market is projected to reach USD 30.6 billion by 2026.

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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