Enjoy complimentary customisation on priority with our Enterprise License!
The calcined petcoke market size is estimated to grow at a CAGR of 6.63% between 2022 and 2027. The market size is forecast to increase by USD 4,532.36 million. The growth of the market depends on several factors including rising demand for calcined petcoke from various industries, increasing demand for aluminum and steel, and rapid urbanization.
This calcined petcoke market report extensively covers market segmentation by type (anode grade and needle grade), application (aluminum and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
To learn more about this report, View Report Sample
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing demand for aluminum and steel is one of the key factors driving the growth of the market. In the aluminum industry, petcoke is used as a raw material for the production of aluminum smelting electrodes, which are used in the production of aluminum. Aluminum has a wide variety of applications in many end-user industries, such as transportation, machinery and equipment, construction, consumer goods, electrical and electronic, and sheet and packaging. In the steel industry, petcoke is used as a raw material for the manufacture of synthetic graphite electrodes used in steelmaking.
Furthermore, the demand for steel is growing across the globe due to its applications in construction, automotive, and other fields. This indicates a strong growth in steel production worldwide, which will boost demand for petcoke in steel production. Hence, the growing demand for aluminum and steel from various industries will boost the consumption of petroleum coke which in turn will fuel the market during the forecast period.
Advances in the mining industry is one of the primary trends that shaping market growth. Working in the mining sector is considered to be one of the most dangerous, as miners face many risks from being trapped inside a mine, falling rocks, fires, and inhaling toxic substances. However, the industry is transforming as it undergoes an increasing shift towards automation due to a number of technological developments in machine learning, artificial intelligence, and robotics.
Moreover, for increasing production efficiency, the advent of advanced machinery such as automated ore trucks and robotic rigs has brought a new measure of automation and safety to mining operations. These machines do not require shifts or breaks between operations and can do the job continuously. Hence, advancements in the mining industry are expected to drive the growth of the market during the forecast period.
Declining investments in the coal industry is a significant challenge that affects the growth of the market. Concerns about the role of carbon emissions in climate change have resulted in a 33.78% drop in funding for the coal industry. In addition, several large banks, such as JPMorgan Chase and Co., HSBC Holdings Plc, and Credit Suisse Group AG, have introduced new policies that prevent new investment in coal projects. Other banks such as Societe Generale SA and Deutsche Bank AG also implemented a ban on lending to coal-fired power plants.
As a result, a reduction in investment in coal production will have a negative impact on coal tar production, as coal is the raw material used to produce coal tar. Likewise, a decrease in coal tar production will affect the production of petcoke. Therefore, these factors will impede the growth of the global calcined petcoke market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Calcined Petcoke Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Oxbow Corp.: The company offers Oxbows calcined petroleum coke in aluminum and steel industry.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The anode grade segment is estimated to witness significant growth during the forecast period. Anode-grade petcoke is green petroleum coke with about 3% sulfur, low ash content, and minimal metal content. Growing demand for aluminum from various end users including automotive, construction, and others is driving the demand for anode-grade petcoke
Get a glance at the market contribution of various segments View the PDF Sample
The anode grade segment was the largest segment and was valued at USD 6,589.49 million in 2017. Aluminum is favored by interior designers because it is easy to cast and looks great. Tables, chairs, mirrors, frames, and trim panels are made up of aluminum. Aluminum foil is also used in refrigerators as well as kitchen utensils. Because aluminum is resistant to corrosion and has high thermal conductivity, it is also easy to clean. Hence, due to high aluminum application, increasing demand will boost the growth of anode-grade petcoke and drive the global calcined petcoke market during the forecast period.
For more insights on the market share of various regions Download PDF Sample now!
APAC is estimated to contribute 47% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. China and India are the key countries contributing to the growth of the calcined petcoke market in APAC. Market players such as Atha Group, COCAN (HUBEI) GRAPHITE MILL INC., Graphite India Limited, India Carbon Ltd, Maniyar Group of Industries (Maniayargroup), Minmat Ferro Alloys Private Limited, and Rain Industries Limited driving the rapid growth of the market in the APAC region.
Moreover, China is one of the world's leading aluminum producers. Domestic production of primary alumina will significantly increase the demand for calcined petcoke. Furthermore, due to the development of the steel industry, the production of calcined petcoke in the region will increase as it is used as a reducing agent in steel production. Hence, increased demand for aluminum, steel, paints, and coatings is expected to fuel the growth of the market in the region during the forecast period.
The COVID-19 outbreak in 2020 negatively affected the growth of the calcined petcoke market in APAC. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown restrictions, which led to the resumption of operations in the mining industry units. Besides, the presence of key market players in the region is anticipated to boost the growth of the calcined petcoke market in the region during the forecast period.
The calcined petcoke market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
|
Calcined Petcoke Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
157 |
|
Base year |
2022 |
|
Historic period |
2017-2021 |
|
Forecast period |
2023-2027 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 6.63% |
|
Market growth 2023-2027 |
USD 4,532.36 million |
|
Market structure |
Fragmented |
|
YoY growth 2022-2023(%) |
5.93 |
|
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
|
Performing market contribution |
APAC at 47% |
|
Key countries |
US, China, India, Spain, and France |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
Aluminium Bahrain BSC, Aminco Resources LLC, Asbury Carbons Inc., Atha Group, BP Plc, Carbograf Industrial SA de CV, Cocan Hubei Graphite Mill Inc., Dempo Group of Companies, Garcia Munte Energia SL, Graphite India Ltd, Hebei Kangnaixing Carbon New Material Co. Ltd, Hindustan Westcoast Trading Co., India Carbon Ltd., Maniyar Group of Industries, Minmat Ferro Alloys Pvt. Ltd., Modern Industrial Investment Holding Group, Oxbow Corp., Rain Industries Ltd., Reliance Industries Ltd., and Weifang Lianxing New Material Technology Co Ltd |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Certified ISO 9001 : 2015
We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.
We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.
Get lifetime access to our
Technavio Insights
Customized Report as per your Business Needs
Let us help you make report more suited to your requirements.
Get the report (PDF) sent to your email within minutes.
