Calcined Petcoke Market Research Report - Global Forecast till 2030

Calcined Petcoke Market: Information by Grade (Anode Grade, Needle-Grade), Application (Aluminum, Steel, Titanium dioxide, Paint & Coatings, Fertilizer and others) and Region (North America, Europe, Latin America, Asia-Pacific, Middle East & Africa) - Forecast till 2030

ID: MRFR/CnM/6425-HCR | January 2023 | Region: Bric | 140 Pages         

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Calcined Petcoke Market

The global market for calcined petcoke is expected to reach USD 2.9 billion during the forecast period (2021-2028), registering a CAGR of 5.5%.

Segmentation
By Grade Anode Grade Needle-Grade
Application Aluminum Steel Titanium dioxide Paint & Coatings Fertilizer Others
Key Players
Companies Profiled   Rain Carbon Inc (US)   Metso Corporation (Finland)   Atha Group (India)   Essar (India)   India Carbon Limited (India)   Aminco Resources LLC (US)   IOCL (Switzerland)   Oxbow Corporation (US)   Bharat Petroleum Corporation Limited (India)   Maniayargroup (India)   Amritesh Industries Pvt. Ltd (India)   Garcia Munte Energia SL (Spain)
Drivers
Market Driving Forces   The increase in production of green petcoke is estimated to propel the global market growth
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Calcined Petcoke Market Overview


The global market for calcined petcoke is expected to reach USD 2.9 billion during the forecast period, registering a CAGR of 5.5%. The Calcined petcoke uses heating green petroleum coke to produce the high-purity carbon material.


The global Calcined Petcoke Market growth is estimated to drive during the review period due to the rise in the production of green petcoke. Also, the uprising use of calcined pet coke in manufacturing the anode for aluminum and steel smelting is enhancing the market growth. However, the higher cost associated with the Calcined Petcoke is projected to hinder the global market growth in the forecast period. Apart from that, the global market might experience challenges due to the strident rules and regulations regarding the product.


According to the Calcined Petcoke Market Analysis, the current market has been segmented into application and grade. Further, the grading segment has been classified into needle and anode grades. The application segment is further divided into aluminum, steel, titanium dioxide, fertilizer, paint & coatings, and others. The key regions involved in the global market for Calcined Petcoke are Europe, North America, Latin America, Asia-Pacific, the Middle East & Africa, and the rest of the world. In 2018, the Asia Pacific region was estimated to acquire the largest market share during the forecast period due to the rising industrialization and urbanization in developing economies like China, India, and South-East Asian countries.


Key Players


Some of the key players operating in the global calcined petcoke market are Rain Carbon Inc (US), Metso Corporation (Finland), Atha Group (India), Essar (India), India Carbon Limited (India), Aminco Resources LLC (US), IOCL (Switzerland), Oxbow Corporation (US), Bharat Petroleum Corporation Limited (India), Maniayargroup (India), Amritesh Industries Pvt. Ltd (India), and Garcia Munte Energia SL (Spain).


Global Calcined Petcoke Market Share, by Application, 2018 (%)  Calcined Petcoke Market_Image


Source: MRFR Analysis


Regional Analysis


Asia-Pacific accounted for the largest market share of the global calcined petcoke market in 2018 as a result of urbanization and industrialization in developing economies such as India, China, and South-East Asian countries. The surging automotive production, infrastructure development, and growing number of manufacturing industries in the region are factors expected to boost the demand for aluminum, steel, and titanium in the region and boost the growth of the calcined petcoke market during the forecast period.


North America is also expected to be a prominent market for calcined petcoke. The growth of the automotive industry, increasing construction activities, and large presence of oil & gas refineries in the region are factors expected to propel the demand for calcined petcoke during the forecast period. Also, the demand for calcined petcoke in the paint and coatings industry is increasing, as the region is a hub of many medium-scale and small-scale calcined petcoke manufacturers.


The European regional market holds significant market share in terms of volume and is expected to witness healthy growth during the forecast period. The demand for advanced high strength steel among the leading automobile producers in the region is expected to fuel the demand for calcined petcoke in the region. Likewise, the growing demand for aluminum in the aerospace industry, owing to increasing demand for lightweight metals is projected to further augment the growth of the market for calcined petcoke.


The Latin American and the Middle East & African markets are expected to grow substantially with the increase in demand for steel in the construction and automotive industries.


Segmentation


The global calcined petcoke market has been segmented by grade, application, and region.


By grade, the global market has been classified into anode grade and needle grade.


Based on application, the global market has been divided into steel, aluminum, titanium dioxide, paint & coatings, fertilizer, and others.


The global market, by region, has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.Recent Development


In November 2021


At the Sohar Freezone, the first petroleum coke calcining (CPC) plant in Oman is projected to be launched. This plant has added value to the Sanvira Carbon FZC, and an investment of nearly USD150 million has been established.


Intended Audience



  • Calcined petcoke producers

  • Traders and distributors of calcined petcoke

  • Potential investors

  • Raw material suppliers



Report Scope:

Report Attribute/Metric Details
  Market Size

  • 2022: USD 2.9 Billion
  • 2030 : Significant value
  •   CAGR   5.5%(2022–2030)
      Base Year   2021
      Forecast Period   2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Grade, Application and End-Use
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Rain Carbon Inc (US), Metso Corporation (Finland), Atha Group (India), Essar (India), India Carbon Limited (India), Aminco Resources LLC (US), IOCL (Switzerland), Oxbow Corporation (US), Bharat Petroleum Corporation Limited (India), Maniayargroup (India), Amritesh Industries Pvt. Ltd (India), and Garcia Munte Energia SL (Spain)
      Key Market Opportunities   The growing population has surged the need for energy
      Key Market Drivers   The increase in production of green petcoke is estimated to propel the global market growth.


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    Frequently Asked Questions (FAQ) :

    Valuation of The Global Calcined Petcoke Market is projected to reach USD 2.9 BN by 2024.

    Calcined Petcoke Market is projected to expand at over 5.5% CAGR during the assessment period (2019-2024).

    Based on applications, the aluminum segment and based on grade, the anode segment account for the largest share in The Global Calcined Petcoke Market.

    Asia Pacific holds the largest share in The Global Calcined Petcoke Market, followed by North America and Europe, respectively.

    Metso Corporation (Finland), Rain Carbon Inc. (US), Atha Group (India), India Carbon Limited (India), Essar (India), Aminco Resources LLC (US), Oxbow Corporation (US), IOCL (Switzerland), Bharat Petroleum Corporation Limited (India), Amritesh Industries Pvt. Ltd (India), Maniayargroup (India), and Garcia Munte Energia SL (Spain), are some of the major players operating in the Calcined Petcoke Market.