The Calcined petroleum coke (CPC) is the byproduct acquire from the coker unit in a crude oil refinery. It is mainly used to create anodes for the aluminum, steel, and titanium smelting industry. The global calcined petroleum coke market is swiftly growing across the globe owing to an increasing crude oil supply across the world. Calcined petroleum coke is also utilized as a feedstock for a wide variety of the products such as aluminum, paints, coatings, and colorings, etc. Thus, increase in crude oil supply along with growing production of iron and steel drives the market growth.
MARKET SCOPE
The "Global Calcined Petroleum Coke Market Analysis to 2028" is a specialized and in-depth study of the clean energy with a special focus on the global market trend analysis. The report aims to provide an overview of the calcined petroleum coke market with detailed market segmentation by type, end-user and geography. The report provides key statistics on the market status of the leading calcined petroleum coke market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of type the market is segmented into anode grade and needle grade
- On the basis end-user, the market is segmented as carburizing & electric arc & induction furnaces
MARKET DYNAMICS
Drivers:
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- Increasing Crude Oil Supply
- Rising Iron and Steel production
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- Fluctuating crude oil prices and ban on mining activities restraints the market growth
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America (SAM). The calcined petroleum coke market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the calcined petroleum coke market in these regions.
IMPACT OF COVID-19 ON CALCINED PETROLEUM COKE MARKET
The emergence of the COVID-19 has severely impacted the oil & gas industries, which resulted decline in the calcined petroleum coke market in the year 2020. The pandemic severely impacted the production of iron and steel in countries such as US, Canada, China and Germany. In addition, governments across the world were compelled to reduce the business activities in response to minimize the threat of coronavirus. The ongoing COVID-19 pandemic has hit almost every industry badly, but possibly the industry which has witnessed the hardest hit is the global oil and gas industry. The spread of this virus has strained many oil and gas companies to either halt or slow down their physical operations, which has affected production in both upstream and downstream operations. Similarly, the calcined petroleum coke has been affected as it is a byproduct of petroleum, and since the oil and gas industry was not functioning properly, petroleum coke too got affected adversely. Furthermore, the halt on production activities is expected to hinder the growth of the calcined petroleum coke market.
MARKET PLAYERS
The report covers key developments in the calcined petroleum coke market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as advancement in products, reallocation of resources and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players in the calcined petroleum coke market are anticipated to provide lucrative growth opportunities in the future owing favourable government regulations for mitigating carbon emissions.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the calcined petroleum coke market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Oxbow Corporation
- ATHA Group
- Rain Industries Limited
- HPCL-Mittal Energy Limited
- Essar
- Henze International LLC
- BP
- Chevron Corporation
- ArcelorMittal
- Metso Outotec