The global demand for Green Petroleum Coke Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Green petroleum coke is produced by decomposing coke from the coker unit. Green petroleum coke is produced as a byproduct of the conversion of crude oil into gasoline and jet fuels. The crude oil determines the grade of green petroleum coke. The term ""green"" here refers to the stage of the manufacturing process. The sulphur concentration of the coke determines the application of green petroleum coke. Green petroleum coke with a high sulphur content is mainly utilized as a fuel substitute for coal. Green petroleum coke with low sulphur concentration is calcined and used as a raw material in aluminium and steel production. It is a high-calorific-valued alternative energy source for coal. Green petroleum coke, when combined with binders and sealants, provides excellent adherence to the substrate. Sponge coke, shot coke, purge coke, needle coke, and honeycomb coke are all examples of green petroleum coke.
Market Dynamics
Because of rising demand from the cement industry, the global market for green petroleum coke is expected to increase rapidly. Demand for green petroleum coke is being driven by stringent government regulations governing carbon emissions, an increase in demand for the fabrication of aluminium smelter anodes, an increase in coal prices, and the depletion of coal resources. The use of green petroleum coke in the ceramics and electronics industries is expected to boost the green petroleum coke market. In addition, because of its low sulphur and ash concentration, green petroleum coke is very stable and non-reactive to the surrounding environment. It is a high calorific value alternative energy source for coal. It also poses fewer environmental risks. Hence, these merits of the green petroleum market are bolstering the overall market growth. Due to increasing demand and fuel availability, the green petroleum coke industry is expanding. The need for green petroleum coke is predicted to grow over the projected period due to rising industrialization and the expansion of the construction industry. Nevertheless, only a few essential competitors in the green petroleum coke market and market fragmentation are anticipated to stifle its growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of green petroleum coke. The growth and trends of green petroleum coke industry provide a holistic approach to this study.
Market Segmentation
This section of the green petroleum coke market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Source
By Form
- Sponge Coke
- Purge Coke
- Needle Coke
- Shot Coke
- Honeycomb Coke
By Application
- Aluminum
- Calcined Coke
- Cement
- Power Stations
- Graphite Electrode
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Green Petroleum Coke market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Green Petroleum Coke Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the green petroleum coke market include 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. Linyi Zhenhua Carbon Technology Co., Ltd. COCAN (HUBEI) GRAPHITE MILL INC. Modern Industrial Investment Holding Group. Sinoway Carbon Co., Ltd., and Ningxia Wanboda Carbons & Graphite Co., Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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