The global market was valued at $14270 million in 2014 and is likely to garner $33464 million by 2025, growing at a CAGR of 8.5% during the forecast period according to Progressive Markets’ report, “Global Petroleum Coke Market – Size, Trend, Share, Opportunity Analysis, and Forecast, 2014-2025”.
The petroleum coke market report provides a comprehensive understanding of the industry with the help of market size and growth, market share analysis, industry segmentation, informed market outlook, market dynamics, trends analysis, competitive analysis, market statistics, and major competitors. The information in the report is a result of an extensive primary and secondary research with inputs from industry leaders. The vital statistics, tables, and charts provided in the report add more credibility to the research conclusions and findings. The report is a useful source of guidance for market players, investors, and new entrants to understand the overall market scenario for the historic period 2014-2016 and the forecast period 2018-2025.
The report enables the market players and investors understand the market landscape with the help of important industry insights. Market landscape is provided in the report based on the growth drivers, restraints and challenges, Porter’s Analysis, and market share analysis. The driving factors and restraints help decide on how to be a part of the market’s growth. The Porter’s Analysis comprises of the bargaining power of buyers, bargaining power of suppliers, the threat of substitutes, the threat of new entrants, and industry rivalry. This analysis helps determine the level of competition in the industry. The market size helps to know the combined revenue or unit volume of the market. The market share analysis helps identify the portion of sales of the companies operating in the market. It helps focus on the overall market and the actions of competitors.
The impact of the demand drivers and restraints of the market are analyzed in the petroleum coke market report. Factors such as a high demand for fuel grade coke from the cement industry, especially in the Asia-Pacific region and the increasing demand for global energy are driving the growth of the market. Nonetheless, the highly volatile prices and environmental concerns such as pollution due to high sulfur content are likely to impede the market growth.
The report provides an analysis of the various segments of the petroleum coke industry. The industry is segmented into type, application, and geography. Regarding type, the market is divided into fuel grade coke and calcined coke. The fuel grade coke garnered $12360.8 million in 2017 and is likely to grow at a CAGR of 9.3% during the forecast period, 2018-2025. Based on application, the market is divided into power generation, calcination, cement kilns, and others. The power generation segment garnered $3141.4 million in 2017 and is likely to grow at a CAGR of 8.5% during the forecast period. The cement kilns segment is likely to grow at a CAGR of 7.6% during the forecast period. Geographically, the market analysis for petroleum coke has been covered for North America, Europe, Asia-Pacific, and LAMEA. In North America, the market study covers the U.S., Canada, and Mexico. In Europe, the market study covers Italy, France, UK, Germany, Spain, and the rest of Europe. In Asia-Pacific, the market study covers the regions such as China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. In LAMEA, the analysis is covered for Brazil, South Africa, Saudi Arabia, and the other parts of LAMEA. The geographical synopsis of the market portrays the petroleum coke market presence in various regions and opportunities for growth.
The report profiles the major market players operating in the petroleum coke industry. Besides providing the general overview, the report also takes a close look at their financial and business segments and recent developments. The top market players in the global petroleum coke market include BP Plc, ExxonMobil Corporation, Chevron Corporation, Reliance Industries Limited, Valero Energy Corporation, Indian Oil Corporation Limited, Royal Dutch Shell Plc., Essar Oil Corporation, Saudi Arabian Oil Company, and HPLC-Mittal Energy Limited.
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