Green Petroleum Coke & Calcined Petroleum Coke Market - Forecast(2024 - 2030)

Report Code: CMR 28353 Report Format: PDF + Excel

Green Petroleum Coke & Calcined Petroleum Coke Market Overview

Green Petroleum Coke & Calcined Petroleum Coke Market size is forecast to reach $19.34 billion by 2025, after growing at a CAGR of 8.80% during 2020-2025. Green petcoke is used as a fuel whereas calcined petcoke used as a feedstock for wide range of the products such as aluminum, paints, coatings and colorings, etc. The global production of petroleum coke has been increasing in the last few years, this is due to the rising supply of heavy crude oils in the global market.

Key Takeaways

  • The rising use of green petroleum coke in electronic and ceramics industries is expected to boost the growth of the global green petroleum coke & calcined petroleum coke market. 
  • Petroleum coke offers added advantages such as safe handling, transportation, and storage with lox toxicity. Hence, the demand for petroleum coke is anticipated to increase in metallurgical applications in the forecast period.
  • The use of green and calcined petroleum coke as a source for electricity generation is expected to drive the market growth in the near future. 

By Type - Segment Analysis

Calcinated coke segment held a significant share in green petroleum coke & calcined petroleum coke market in 2019. Green petroleum coke with low sulfur content is upgraded through calcining and is used as a raw material for the production of aluminum and steel. Petcoke is a black-colored solid composed primarily of carbon, which contains also limited amounts of sulfur, metals and nonvolatile inorganic compounds. Petcoke is produced in the production of synthetic crude oil and also its impurities include some residual hydrocarbons left over from processing, as well as nitrogen, sulfur, nickel, vanadium, and other heavy metals. Calcined petroleum coke (CPC) is the product from calcining petroleum coke. This coke is the product of the coker unit in a crude oil refinery.

The key factors driving the calcinated coke market growth include rising demand for petroleum coke in the steel industry, development in the cement and power generation industries, growth in the supply of heavy oils globally and favorable government initiatives regarding the sustainable and green environment. 

By Application - Segment Analysis

Cement segment held a significant share in green petroleum coke & calcined petroleum coke market in 2019 growing at a CAGR of 8.91% during the forecast period. Enhanced acceptance of fuel-grade green petroleum coke as a green alternative compared to more conventional fuels as authentic and perfect source of renewable energy in industries such as building and construction, cement, and power production.

Geography- Segment Analysis

Asia Pacific dominated the green petroleum coke & calcined petroleum coke market with a share of more than 42%, followed by North America and Europe.  This is primarily because of higher demand from the construction sector due to a growing population. Adoption of petroleum coke is expected to rise in Asia-Pacific, owing to growth in demand for energy, increase in supply of heavy oils, and stable economic growth. Emerging markets, such as India and China, are expected to show the highest increase in demand for green petroleum coke during the forecast period, owing to rapid industrialization. 

Drivers – Green Petroleum Coke & Calcined Petroleum Coke Market

  • Growing demand from end-use industries

The key driving factors driving the green petroleum coke & calcined petroleum coke market are growing demand for petroleum coke in the steel industry, development in the heavy oils supply across the globe, growth in the power generation and cement power industries and favorable policies of government regarding the green and sustainable environment. Rise in production of steel owing to development in highway construction, railways, automobiles, and transportation segments has complemented the growth of petroleum coke market. As petroleum coke has a relatively low ash content and minimal toxicity, it is used on a large scale in various industries

Challenges – Green Petroleum Coke & Calcined Petroleum Coke Market

  • Stringent Environmental Regulations 

Stringent environmental regulations towards the use of petroleum coke due to its high sulfur content is anticipated to hamper the growth of the market during the forecast period. Moreover, the ban on coal mining is likely to hamper the supply, thereby creating a supply shortage in the industry as crude oil distillates and residues are the major sources for calcined petcoke derived from the petroleum industry. The fluctuating prices of crude oil have a similar impact on the prices of petcoke which has led manufacturers to incur unexpected losses at times.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the green petroleum coke & calcined petroleum coke market. In 2019, the market of green petroleum coke & calcined petroleum coke has been consolidated by the top five players accounting for xx% of the share. Major players in the green petroleum coke & calcined petroleum coke market are AMINCO RESOURCES LLC., Asbury Carbons, Aluminium Bahrain (Alba), Atha Group, Carbograf Industrial S.A. de C.V., Rain Carbon Inc., Minmat Ferro Alloys Private Limited, Shandong KeYu Energy Co., Ltd., Weifang Lianxing New Material Technology Co., Ltd., and Linyi Zhenhua Carbon Technology Co., Ltd., among others.

For more Chemical and Materials related reports, please click here
1. Green Petroleum Coke & Calcined Petroleum Coke Market - Overview
        1.1 Definitions and Scope
2. Green Petroleum Coke & Calcined Petroleum Coke Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Green Petroleum Coke & Calcined Petroleum Coke Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Green Petroleum Coke & Calcined Petroleum Coke Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Green Petroleum Coke & Calcined Petroleum Coke Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Green Petroleum Coke & Calcined Petroleum Coke Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Green Petroleum Coke & Calcined Petroleum Coke Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Calcined Petroleum Coke Market - By Application(Market Size -$Million / $Billion)
8.1 Aluminum
8.2 Titanium dioxide
8.3 Re-carburizing Market
8.4 Others
9.  Petroleum Coke Market - By Type(Market Size -$Million / $Billion)
9.1 Fuel Grade
9.2 Calcinated Coke
10. Petroleum Coke Market- By Application Type(Market Size -$Million / $Billion)
10.1 Aluminium
10.2 Fuel
10.3 Iron and Steel
10.4 Silicon Metal
10.5 Others
11. Green Petroleum Coke & Calcined Petroleum Coke- By Geography (Market Size -$Million / $Billion)
        11.1 Green Petroleum Coke & Calcined Petroleum Coke Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Green Petroleum Coke & Calcined Petroleum Coke- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Green Petroleum Coke & Calcined Petroleum Coke- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Green Petroleum Coke & Calcined Petroleum Coke - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Green Petroleum Coke & Calcined Petroleum Coke - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Green Petroleum Coke & Calcined Petroleum Coke Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Green Petroleum Coke & Calcined Petroleum Coke Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Green Petroleum Coke & Calcined Petroleum Coke Market - Key Company List by Country Premium
15. Green Petroleum Coke & Calcined Petroleum Coke Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Alba
        15.3 Alcan
        15.4 BP
        15.5 Cnooc
        15.6 Elsid
        15.7 Jsc Bratsk
        15.8 Jsc Krasnoyarsk
        15.9 Jsc Novez
        15.10 Maniyar
        15.11 Oxbow
        15.12 Petro-Coque
        15.13 Phillips66
        15.14 Rain
        15.15 Zhenjiang Coking
        15.16 Company 15
        15.17 Company 16 & More
*Financials would be provided on a best efforts basis for private companies
16. Green Petroleum Coke & Calcined Petroleum Coke Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Green Petroleum Coke & Calcined Petroleum Coke Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends