Global consumption of petroleum coke is set to reach US$ 25.27 billion in 2022 and further expand at a CAGR of 9.6% to reach a market size of US$ 63.10 billion by the end of 2032.
Petroleum coke is the final solid product of oil refining, and it occurs in two varieties: fuel grade petroleum coke and calcined grade petroleum coke. In addition to gasoline, diesel, and jet fuel, a barrel of crude oil yields a range of products.
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The petroleum coke market is predicted to increase due to expanding opportunities from several end-use industries. Paints and coatings, steel, fertilisers, and other sectors’ growth are projected to generate significant potential for the industry.
Key competitors in the global petcoke market are seeking to expand their production capacity to meet global demand and capture a higher market share.
Key Segments Covered in Petroleum Coke Industry Research
Petroleum Coke Market by Grade :
- Fuel Grade Coke
- Calcined Coke
Petroleum Coke Market by Application :
- Power Plants
- Cement Kilns
- Blast Furnaces
Petroleum Coke Market by Region :
- North America
- Latin America
- East Asia
- South Asia & Oceania