Below are some of the key findings from the fuel-grade petcoke market analysis report:
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Global fuel-grade petcoke industry overview
Fuel-grade petcoke can be used as a fuel in several industries such as cement and power industries. It is a cost-effective material with good chemical stability and contains a high amount of heat and carbon, which makes it an efficient fuel for manufacturing brick and related products. Therefore, using fuel-grade petcoke as a fuel is more appropriate than using fuel oil, as its characteristics are similar to those of coal.
Furthermore, according to the IEA, the cement industry was identified as the third largest industrial energy consumer and the second-largest carbon emitter. The rise in population has led to an increase in infrastructural development, which is driving the demand for cement production and electric power. The growth in demand for power electricity will trigger the demand for fuel-grade petcoke in power generation. Therefore, the rising demand for fuel-grade petcoke from various industries will boost the global market to grow at a CAGR of almost 4% during the forecast period.
Top companies covered in the fuel-grade petcoke market research report
The fuel-grade petcoke market is moderately fragmented. Companies are offering blast furnaces using new designs and technologies to meet emission standards. By providing a complete analysis of the market’s competitive landscape and information on the products offered by the companies, the market industry analysis report helps clients to assess market potential and design innovative strategies for strengthening their position in the market.
The report offers a complete analysis of several vendors including:
- Indian Oil
- Oxbow
- Phillips 66
- Repsol
- Suncor Energy
Fuel-grade petcoke market segmentation based on geographic regions
- Americas
- APAC
- EMEA
The Americas accounted for the largest share of the fuel-grade petcoke market during 2018. The fuel-grade petroleum coke market in the Americas is mainly driven by power and cement production.
Fuel-grade petcoke market segmentation based on end-users
- Cement industry
- Power sector
- Others
The cement industry segment will account for the highest growth in the global fuel-grade petcoke market because of the increasing consumption of fuel-grade petcoke in the cement industry. The report provides an accurate prediction of the contribution of all the segments to the growth of the fuel-grade petcoke market size.
Key highlights of the global fuel-grade petcoke market for the forecast years 2019-2023:
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the fuel-grade petcoke market during the next five years
- Precise estimation of the global fuel-grade petcoke market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the industry across APAC, EMEA, and the America.
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on factors that will challenge the growth of the companies
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