Green petroleum coke is produced at refineries by processing liquid fractions in delayed coking machines. Green petroleum coke is a hydrocarbon-rich substance with low levels of inorganic components and a high fixed carbon content. It looks to be a solid black hunk of material. The term 'green' in the name refers to where the product is in the manufacturing process. In comparison to other varieties of coke, green petroleum coke has a low sulphur concentration.
MARKET DYNAMICS
Demand for green petroleum coke is being driven by factors such as severe government regulations on carbon emissions, increased demand for manufacture of aluminium smelter anodes, rising coal prices, and the depletion of coal resources. Government restrictions that are particularly significant in the market for green petroleum coke. Toxins emitted by industrialization, as well as toxic gas emissions from factories and cars, such as carbon dioxide, hydroxides, sulphur, and nitrogen, have an impact on the environment. Because it contains very little sulphur and ash, green petroleum coke is extremely stable and non-reactive in the environment. It is a high-calorific-valued alternative energy source to coal.
MARKET SCOPE
The "Global Green Petroleum Coke Market Analysis to 2028" is a specialized and in-depth study of the green petroleum coke market with a special focus on the global market trend analysis. The report aims to provide an overview of the green petroleum coke market with detailed market segmentation by type, application, and geography. The global green petroleum coke market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading green petroleum coke market players and offers key trends and opportunities in the green petroleum coke market.
MARKET SEGMENTATION
The global green petroleum coke market is segmented based on source, foam, and application. Based on source, green petroleum coke market is segmented into anode and fuel. Based on foam, green petroleum coke market is segmented into sponge coke, purge coke, needle coke, shot coke and honeycomb coke. Based on application, green petroleum coke market is segmented into aluminum, calcined coke, cement, power stations, graphite electrode and others.
IMPACT OF COVID-19 ON GREEN PETROLEUM COKE MARKET
The proliferation of COVID-19 in key worldwide economies in 2020 resulted in nationwide lockdowns, affecting a variety of businesses. Due to facility closures and a drop in overall demand, the aluminium and iron and steel industries were among the hardest hit during the pandemic. For the first half of 2020, this had an influence on demand for green petroleum coke. As a result, during the coronavirus pandemic, demand for green petroleum coke decreased.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Green Petroleum Coke Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Green Petroleum Coke Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Green Petroleum Coke Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the green petroleum coke market in these regions.
MARKET PLAYERS
The reports cover key developments in the green petroleum coke market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals 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 expansion of business and customer base of market players. The market players from green petroleum coke market are anticipated to lucrative growth opportunities in the future with the rising demand for green petroleum coke market. Below mentioned is the list of few companies engaged in the green petroleum coke market.
The report also includes the profiles of key green petroleum coke market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
-Oxbow Corporation
-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.