Petroleum coke or petcoke is a byproduct obtained from the oil refining process. Petcoke is a carbon-rich solid material obtained from oil refining from a final cracking process which is a chemical engineering process. Petcoke has very little risk of combustion during transportation as it an extremely stable fuel. Petcoke can be of two grades or standards namely fuel grade or anode grade. Chemically, petcoke can include a variety of elements and metals in a wide range of concentrations.
MARKET SCOPE
The "Global Petcoke Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a particular focus on global market trend analysis. The report aims to provide an overview of the Petcoke Market with detailed market segmentation by petcoke type, by grade, by end use and by region. The Petcoke Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Petcoke Market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Petcoke Market has been segmented into by petcoke type, by grade, and by end use. By petcoke type the market has been bifurcated into needle coke, honeycomb coke, sponge coke and shot coke. By grade the market has been bifurcated into fuel grade petcoke and calcinable or green petcoke. By end use the market has been bifurcated into power plants, cement industry, steel industry, aluminium industry and others.
MARKET DYNAMICS
Growth Factors
- Increase in cement and power industries
- Rise in demand for low emission fuels
- Rapid industrialization in developing countries
Restraints
- Government regulations due to high sulphur content
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It also provides market size and forecast estimates from the year 2018 to 2028 concerning five major regions, namely; North America, Europe, Asia- Pacific (APAC), Middle East and Africa (MEA), and South America. The Petcoke 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 Petcoke Market from both the demand and supply sides. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive best analysis for all five regions, namely; North America, Europe APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the Petcoke Market in these regions.
Impact of Covid-19 on Petcoke Market
The Covid-19 impact analysis provides information on the micro and macro-economic factors on the global Petcoke Market. The emergence of covid-19 pandemic had a significant impact on the Petcoke Market. As the cases were on a rise, mass lockdowns and restrictions were imposed by local and national regulatory bodies. With the advent of Covid-19 pandemic, global supply chain hindrances resulted to impact the overall sales of petcoke. Most of the industries were shut down during the initial stages of the pandemic which affected the Petcoke Market negatively. However, as the situation normalises the Petcoke Market is getting back to normal and is expected to grow in the coming years due to rapid industrialization and urbanization.
MARKET PLAYERS
The report covers vital developments in the Petcoke 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 partnerships and collaborations. These activities have paved the way for the expansion of businesses and the customer base of market players. The market players from the Petcoke Market are anticipated to have lucrative growth opportunities in the future with the rising demand for Petcoke Market. Below mentioned is the list of a few companies engaged in the Petcoke Market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Petcoke Market. Decide the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- Indian Oil Corporation Ltd
- Petrobras
- Royal Dutch Shell PLC
- Chevron Corporation
- Valero Energy Corporation
- BP PLC
- Exxon Mobil Corporation
- British Petroleum
- Marathon Petroleum Corporation
- Reliance Industries