Reports
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 20.4 billion in 2020. 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 30.6 billion by 2026.
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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.
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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:
- Power Plants
- Cement Industry
- Steel Industry
- Aluminium Industry
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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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 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Calcined Coke
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
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 (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Sponge Coke
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Catalyst Coke
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Shot Coke
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Purge Coke
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
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 (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Cement Industry
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Steel Industry
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Aluminium Industry
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 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 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Petroleum Coke Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Petroleum Coke Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Petroleum Coke Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Petroleum Coke Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Petroleum Coke Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 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
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 2023-2028, 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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