Fuel Grade Petcoke Market Size - By Physical form (Sponge Coke, Purge Coke, Shot Coke, Needle Coke), By Application (Power Plants, Cement Industry, Steel Industry, Aluminum Industry) & Global Forecast, 2023

Description

List of Tables

Global Fuel Grade Petcoke Market will witness over 5.5% CAGR between 2023 and 2032. Growing investments and agreements from government and private institutions worldwide support market growth. For instance, in July 2023, Venezuela's state-owned oil company, PDVSA, entered into two new agreements for exporting up to 1.6 million metric tons of petroleum coke in the ongoing year. These contracts, as per internal company records, are poised to alleviate a market backlog. One of these contracts, signed with Latif Petrol, a Turkish company, specifies the shipment of 1 million tons in the latter part of the year.

As these organizations recognize the potential of fuel-grade petcoke in various industries, agreements are fueling research and production. With a focus on energy efficiency and cost-effectiveness, these financial commitments are driving the fuel-grade petcoke market outlook, responding to the global demand for more sustainable and accessible energy sources.

The overall Fuel Grade Petcoke Market share is classified based on physical form, application, and region.

Purge coke segment will undergo significant development from 2023 to 2032. Purge coke, a byproduct of oil refining, is used in various industrial processes. Fuel-grade petcoke is a valuable energy source in these applications due to its high calorific value. As industries focus on optimizing efficiency and minimizing environmental impact, the fuel-grade petcoke market demand in purge coke manufacturing is steadily growing, offering a cleaner and cost-effective solution.

Power plants segment will register a notable CAGR from 2023 to 2032. Fuel-grade petcoke serves as a valuable source of energy due to its high calorific value and cost-effectiveness. Power plants are increasingly adopting this fuel to generate electricity efficiently. As energy demands rise and sustainability becomes a priority, fuel-grade petcoke market growth is a preferred choice, aligning with the shift towards cleaner and more economical power generation methods.

APAC fuel grade petcoke industry will showcase an appreciable CAGR from 2023 to 2032. This increase can be attributed to the region's growing industrialization and energy requirements. As industries and power plants seek cost-effective and efficient energy solutions, fuel-grade petcoke is gaining prominence in Asia Pacific, playing a vital role in meeting the region's energy demands and supporting its economic growth.

Product Code: 6582

Chapter 1 Methodology & Scope

1.1 Market definitions
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid
  - 1.4.2.2 Unpaid

Chapter 2 Fuel Grade Petcoke Industry Insights

2.1 Industry ecosystem analysis
- 2.1.1 Vendor Matrix
2.2 Regulatory landscape
2.3 Industry impact forces
- 2.3.1 Growth drivers
- 2.3.2 Industry pitfalls & challenges
2.4 COVID- 19 impact on the industry outlook
2.5 Growth potential analysis
2.6 Porter's Analysis
- 2.6.1 Bargaining power of suppliers
- 2.6.2 Bargaining power of buyers
- 2.6.3 Threat of new entrants
- 2.6.4 Threat of substitutes
2.7 PESTEL Analysis

Chapter 3 Competitive Benchmarking

3.1 Competitive landscape, 2022
- 3.1.1 Strategic dashboard
3.2 Innovation & sustainability landscape

Chapter 4 Fuel Grade Petcoke Market, By Physical Form

4.1 Key physical form trends
4.2 Sponge Coke
4.3 Purge Coke
4.4 Shot Coke
4.5 Needle Coke

Chapter 5 Fuel Grade Petcoke Market, By Application

5.1 Key application trends
5.2 Power Plants
5.3 Cement Industry
5.4 Steel Industry
5.5 Aluminum Industry
5.6 Others

Chapter 6 Fuel Grade Petcoke Market, By Region

6.1 Key region trends
6.2 North America
- 6.2.1 U.S.
- 6.2.2 Canada
6.3 Europe
- 6.3.1 Spain
- 6.3.2 Russia
- 6.3.3 UK
- 6.3.4 Italy
- 6.3.5 France
- 6.3.6 Germany
- 6.3.7 Greece
6.4 Asia Pacific
- 6.4.1 China
- 6.4.2 India
- 6.4.3 Japan
- 6.4.4 Australia
6.5 Middle East & Africa
- 6.5.1 Tunisia
- 6.5.2 Turkey
- 6.5.3 Morocco
6.6 Latin America
- 6.6.1 Brazil
- 6.6.2 Mexico
- 6.6.3 Argentina
- 6.6.4 Chile

Chapter 7 Company Profiles

7.1 BP p.l.c.
7.2 Saudi Arabian Oil Company (Saudi Aramco)
7.3 Exxon Mobil Corporation
7.4 Shell Plc
7.5 Reliance Industries Limited
7.6 Chevron Corporation
7.7 Valero
7.8 Indian Oil Corporation Ltd
7.9 Marathon Petroleum Corporation
7.10 Oxbow Corporation
7.11 AMINCO RESOURCES LLC.
7.12 Bharat Petroleum Corporation Limited
7.13 Shamokin Carbons
7.14 Husky Energy
7.15 Cocan graphite.