Petroleum Coke (Petcoke) Market, By Product Type, By End-use, By Region

Description

Petroleum Coke (Petcoke) Market is estimated to be valued at USD 31.56 Bn in 2025 and is expected to reach USD 45.91 Bn by 2032, growing at a compound annual growth rate (CAGR) of 5.5% from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	USD 31.56 Bn
Historical Data for:	2020 To 2024	Forecast Period:	2025 To 2032
Forecast Period 2025 to 2032 CAGR:	5.50%	2032 Value Projection:	USD 45.91 Bn

Petroleum coke is also known as petcoke, and it is the final solid product obtained from oil refining. It is available in two forms: fuel grade and calcined grade. The power generation, construction, and metal industries are some of the major end users of petroleum coke. It is also used in the production of titanium and fertilizers.

Market Dynamics

Various companies are constructing new facilities for the coke gasification project in order to serve the end users. This is expected to be a major trend in the market. For instance, on June 30, 2021, the Indian Oil Board approved Stage - 1 consent for the execution of India's first-ever Styrene Monomer Project at Indian Oil's Panipat Refinery & Petrochemical Complex, with a capacity of 387 thousand metric tonnes per annum (TMTPA) and an estimated cost of US$ 60.0982. This initiative will support the government of India's Atmanirbhar Bharat objectives by strengthening India's focus on capturing opportunities in the petrochemical industry. Increasing production of aluminum is the driving demand for calcined petcoke. Calcined grade is one of the key ingredients used in the manufacturing of aluminum. According to the statistics by International Aluminum institute, the total primary aluminum production for May 2023 is 5,851 thousand metric tonnes. Several countries have banned the import of petcoke for use as fuel. This is expected to hamper the market growth of the petroleum coke (petcoke) market over the forecast period.

Key features of the study:

This report provides an in-depth analysis of the petroleum coke (petcoke) market and provides market size (US$ Billion and KT) and Compound Annual Growth Rate (CAGR %) for the forecast period 2025-2032, considering 2024 as the base year
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
This study also provides impact analysis of the coronavirus (COVID-19) pandemic on the petroleum coke petcoke market
It profiles key players in the petroleum coke (petcoke) market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
The key companies covered as a part of this study include BP Plc, Chevron Corporation, Essar Oil Ltd., ExxonMobil Corporation, HPCL - Mittal Energy Limited, Indian Oil Corporation Limited, Reliance Industries Limited, Royal Dutch Shell Plc, Saudi Arabian Oil Co., and Valero Energy Corporation
Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, technology upgrade, market expansion, and marketing tactics
The Petroleum Coke (Petcoke) Market report caters to various stakeholders in this industry including investors, suppliers, petroleum coke (petcoke) manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the petroleum coke (petcoke) market

Detailed Segmentation:

Global Petroleum Coke (Petcoke) Market, By Product Type:
- Fuel Grade Coke
- Calcined Coke
Global Petroleum Coke (Petcoke) Market, By End-use:
- Calcining Industry
- Power Plants
- Cement Kilns
- Blast Furnaces
- Others
Global Petroleum Coke (Petcoke) Market, By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
Company Profiles
- BP Plc
- Chevron Corporation
- Essar Oil Ltd.
- ExxonMobil Corporation
- HPCL - Mittal Energy Limited
- Indian Oil Corporation Limited
- Reliance Industries Limited
- Royal Dutch Shell Plc
- Saudi Arabian Oil Co.
- Valero Energy Corporation

Product Code: CMI4031

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By End-use Industry
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Supply Side Drivers
Demand Side Drivers
Economic Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions
- New Product Approvals/Launches
- Promotion and Marketing Initiatives
- Cost Tier Down Analysis

4. Global Petroleum Coke (Petcoke) Market - Impact of Coronavirus (Covid-19) Pandemic

Impact of Coronavirus - Overview
Impact Analysis, By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (US$ Billion and KT)
Dutch
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032 (US$ Billion and KT)

5. Global Petroleum Coke (Petcoke) Market, By Product Type, 2020-2032 (US$ Billion and KT)

Introduction
- Market Share Analysis, 2025 and 2032
- Y-o-Y Growth Analysis, 2020-2032 (%)
- Segment Trends
Fuel Grade Coke
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032 (US$ Billion and KT)
Calcined Coke
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032 (US$ Billion and KT)

6. Global Petroleum Coke (Petcoke) Market, By End-use, 2020-2032 (US$ Billion and KT)

Introduction
- Market Share Analysis, 2025 and 2032
- Y-o-Y Growth Analysis, 2020-2032 (%)
- Segment Trends
Calcining Industry
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032 (US$ Billion and KT)
Power Plants
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032 (US$ Billion and KT)
Cement Kilns
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032 (US$ Billion and KT)
Blast Furnaces
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032 (US$ Billion and KT)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032 (US$ Billion and KT)

7. Global Petroleum Coke (Petcoke) Market, By Region, 2020-2032 (US$ Billion and KT)

North America
- Market Share Analysis, By Country, 2025 and 2032
- Y-o-Y Growth Analysis, By Country, 2020-2032 (%)
  - U.S.
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and KT)
- Market Size and Forecast, By End-use, 2020-2032 (US$ Billion and KT)
Canada
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and KT)
- Market Size and Forecast, By End-use, 2020-2032 (US$ Billion and KT)
Europe
- Market Share Analysis, By Country, 2025 and 2032
- Y-o-Y Growth Analysis, By Country, 2020-2032 (%)
  - U.K.
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and KT)
- Market Size and Forecast, By End-use, 2020-2032 (US$ Billion and KT)
Germany
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and KT)
- Market Size and Forecast, By End-use, 2020-2032 (US$ Billion and KT)
France
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and KT)
- Market Size and Forecast, By End-use, 2020-2032 (US$ Billion and KT)
Italy
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and KT)
- Market Size and Forecast, By End-use, 2020-2032 (US$ Billion and KT)
Spain
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and KT)
- Market Size and Forecast, By End-use, 2020-2032 (US$ Billion and KT)
Russia
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and KT)
- Market Size and Forecast, By End-use, 2020-2032 (US$ Billion and KT)
Rest of Europe
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and KT)
- Market Size and Forecast, By End-use, 2020-2032 (US$ Billion and KT)
Asia Pacific
- Market Share Analysis, By Country, 2025 and 2032
- Y-o-Y Growth Analysis, By Country, 2020-2032 (%)
  - China
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and KT)
- Market Size and Forecast, By End-use, 2020-2032 (US$ Billion and KT)
India
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and KT)
- Market Size and Forecast, By End-use, 2020-2032 (US$ Billion and KT)
Japan
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and KT)
- Market Size and Forecast, By End-use, 2020-2032 (US$ Billion and KT)
ASEAN
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and KT)
- Market Size and Forecast, By End-use, 2020-2032 (US$ Billion and KT)
Australia
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and KT)
- Market Size and Forecast, By End-use, 2020-2032 (US$ Billion and KT)
South Korea
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and KT)
- Market Size and Forecast, By End-use, 2020-2032 (US$ Billion and KT)
Rest of Asia Pacific
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and KT)
- Market Size and Forecast, By End-use, 2020-2032 (US$ Billion and KT)
Latin America
- Market Share Analysis, By Country, 2025 and 2032
- Y-o-Y Growth Analysis, By Country, 2020-2032 (%)
  - Brazil
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and KT)
- Market Size and Forecast, By End-use, 2020-2032 (US$ Billion and KT)
Mexico
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and KT)
- Market Size and Forecast, By End-use, 2020-2032 (US$ Billion and KT)
Argentina
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and KT)
- Market Size and Forecast, By End-use, 2020-2032 (US$ Billion and KT)
Rest of Latin America
- Country Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and KT)
- Market Size and Forecast, By End-use, 2020-2032 (US$ Billion and KT)
Middle East & Africa
- Sub-region Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and KT)
- Market Size and Forecast, By End-use, 2020-2032 (US$ Billion and KT)
Middle East &
- Market Share Analysis, By Sub-Region, 2025 and 2032
- Y-o-Y Growth Analysis, By Sub-Region, 2020-2032 (%)
Africa
- Sub-region Trends
- Market Size and Forecast, By Product Type, 2020-2032 (US$ Billion and KT)
- Market Size and Forecast, By End-use, 2020-2032 (US$ Billion and KT)

8. Competitive Landscape

Heat Map Analysis
Market Share Analysis (3x3 Matrix)
Company Profiles
- BP Plc
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Recent Developments/Updates
  - Future Plans
- Chevron Corporation
- Essar Oil Ltd.
- ExxonMobil Corporation
- HPCL-Mittal Energy Limited
- Indian Oil Corporation Limited
- Reliance Industries Limited
- Royal Dutch Shell Plc
- Saudi Arabian Oil Co.
- Valero Energy Corporation

9. Section

References
Research Methodology
About Us and Sales Contact