Pet Coke Market Research Report- Forecast till 2030

pet coke market research report: by product (needle coke, sponge coke, catalyst coke, shot coke, purge coke) grade (fuel grade, calcined grade) application (power plants, cement industry, steel industry, aluminum industry) – Global Forecast till 2030

ID: MRFR/CnM/3906-HCR | February 2021 | Region: Global | 139 pages

Pet Coke Market Synopsis:


Asia Pacific holds a major share of the market and is expected to be the fastest growing region with an encouraging CAGR

Pet coke or petroleum coke is a by-product of crude oil refining and other petroleum cracking processes. Crude oil by-products such as diesel, lubricants, and waxes among others are processed in cokers and other cracking processes to produce pet coke. Pet coke is produced in different grades depending upon the operation temperature, coking time, and the efficiency of the material used. The different types of petroleum coke are catalyst coke, needle coke, sponge coke, purge coke, and shot coke. The different types mentioned are distinguished by their Volatile organic content (VOC) and their psychical properties. Properties such as high calorific value make pet coke ideal for use as power generation source in various industries. Petroleum coke is also used in the anodes while manufacturing metals. The niche applications of petroleum coke include the production of titanium dioxide, production of ammonium nitrate & urea, and as a feed stock for coke oven batteries. The cost-effectiveness, low VOC content, and the high calorific value of pet coke makes it an efficient substitute for coal.


Among the various product segments in pet coke market, the fuel grade is the leading segment of the market and is anticipated to continue its dominance over the forecast period. The growing consumption of the product in power plants and steel & cement industries account for the growth of the segment. On the basis of product type, the sponge pet coke segment is expected to witness a significant growth during the forecast years. The propelling energy requirement is set to add to the growth of the product owing to its use in anode production and power plants.


The Global Pet coke Market Share, by Application:


 Pet coke Market


Source: MRFR analysis


Key Players:



  • Chevron Corporation (U.S.)

  • British Petroleum (London)

  • Essar Oil Ltd. (India)

  • Hindustan Petroleum Corporation Limited (India)

  • Exxon Mobil Corporation (U.S.)

  • Indian Oil Corporation Limited (India)

  • Royal Dutch Shell Plc (Netherland)

  • Reliance Industries Limited (India)

  • Saudi Arabia Oil Company (Saudi Arabia)

  • Valero Energy Corporation (U.S.)

  • Conoco Philips (U.S.)


Regional Analysis:


The pet coke market is segmented into five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Growing urbanization and globalization in the region has substantially added to the growth of the market in this region. India and China are the major contributors to the growth of the market in the Asia-Pacific region. Moreover, the presence of the most populated economies has augmented the need for energy in the region which in turn has fuelled the demand for petroleum coke owing to its application in power generation. In addition to this, the demand from the oil and gas industry mainly in China and India is another factor positively affecting the market growth. The growing government investment in the construction sector has augmented the cement industry which in turn is adding to the growth of the pet coke market.


North America is another dominant region in the global market, exhibiting an expanding CAGR. The presence of the developed end-user industries is the major reason augmenting the growth of the market. Moreover, the growing oil and gas activities in the region is also adding to the market growth. The U.S. and Canada are the major countries attributing this growth. Furthermore, the growing investment in the development of infrastructure has augmented the demand for cement, hence increasing the demand for pet coke owing to its growing application in the cement industry.


The European region is a lucrative market and is mainly driven by a well-developed power generation and industrial sector. Moreover, the growing stringent EU regulations regarding the emission of greenhouse gases will further add to the growth of the pet coke market. In addition to this, the growing preference of petroleum coke over coal is also a dominant factor for the market growth.


Segmental Analysis:


The global pet coke market is segmented into product type and end-user. On the basis of the product type, the market is segregated into needle coke, sponge coke, catalyst coke, shot coke, purge coke. On the basis of the grade, the market is classified as fuel grade, calcined grade. The market by application industry is further categorized into power plants, cement industry, steel industry, aluminum industry, and others.


Geographical Analysis:


The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.


Intended Audience:



  • Pet coke   market manufacturers

  • Traders and Distributors of pet coke  market

  • Production process industries

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratory 



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: Significant value
  CAGR   2022–2030: Substantial CAGR
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Product, Grade, Application and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Chevron Corporation (U.S.), British Petroleum (London), Essar Oil Ltd. (India), Hindustan Petroleum Corporation Limited (India), Exxon Mobil Corporation (U.S.), Indian Oil Corporation Limited (India), Royal Dutch Shell Plc (Netherland), Reliance Industries Limited (India), Saudi Arabia Oil Company (Saudi Arabia), Valero Energy Corporation (U.S.), Conoco Philips (U.S.)
  Key Market Opportunities   The fuel grade is the leading segment of the market and is anticipated to continue its dominance over the forecast period.
  Key Market Drivers   The growing consumption of the product in power plants and steel & cement industries account for the growth of the segment.


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Frequently Asked Questions (FAQ) :

Fuel grade pet coke is the leading segment in the global pet coke market.

Sponge pet coke is the leading product segment in the global pet coke market.

The high calorific value of pet coke and low VOC content make it the perfect material for thermal energy generation applications.

Asia Pacific holds the largest share in the global pet coke market.

Leading players in the market include Chevron, BP, and HPCL, among others.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.2 Value Chain/Supply Chain of Global Pet coke Market

5 Industry Overview of Global Pet coke Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global Pet coke Market by Product Type

7.1 Introduction

7.2 Needle coke

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Sponge coke

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

7.4 Catalyst coke

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast by Region, 2020-2027

7.5 Shot coke

7.5.1 Market Estimates & Forecast, 2020-2027

7.5.2 Market Estimates & Forecast by Region, 2020-2027

7.6 Purge coke

7.6.1 Market Estimates & Forecast, 2020-2027

7.6.2 Market Estimates & Forecast by Region, 2020-2027

8. Global Pet coke Market by Grade

8.1 Introduction

8.2 Fuel grade

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Region, 2020-2027

8.3 Calcined grade

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Region, 2020-2027

9. Global Pet coke Market by Application

9.1 Introduction

9.2 Power plants

9.2.1 Market Estimates & Forecast, 2020-2027

9.2.2 Market Estimates & Forecast by Region, 2020-2027

9.3 Cement industry

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast by Region, 2020-2027

9.4 Steel industry

9.4.1 Market Estimates & Forecast, 2020-2027

9.4.2 Market Estimates & Forecast by Region, 2020-2027

9.5 Aluminum industry

9.5.1 Market Estimates & Forecast, 2020-2027

9.5.2 Market Estimates & Forecast by Region, 2020-2027

9.6 Others

9.6.1 Market Estimates & Forecast, 2020-2027

9.6.2 Market Estimates & Forecast by Region, 2020-2027

10. Global Pet coke Market by Region

10.1 Introduction

10.2 North America

10.2.1 Market Estimates & Forecast, 2020-2027

10.2.2 Market Estimates & Forecast by Product Type, 2020-2027

10.2.3 Market Estimates & Forecast by Grade, 2020-2027

10.2.4 Market Estimates & Forecast by Application, 2020-2027

10.2.5 U.S.

10.2.5.1 Market Estimates & Forecast, 2020-2027

10.2.5.2 Market Estimates & Forecast by Product Type, 2020-2027

10.2.5.3 Market Estimates & Forecast by Grade, 2020-2027

10.2.5.4 Market Estimates & Forecast by Application, 2020-2027

10.2.6 Mexico

10.2.6.1 Market Estimates & Forecast, 2020-2027

10.2.6.2 Market Estimates & Forecast by Product Type, 2020-2027

10.2.6.3 Market Estimates & Forecast by Grade, 2020-2027

10.2.6.4 Market Estimates & Forecast by Application, 2020-2027

10.2.7 Canada

10.2.7.1 Market Estimates & Forecast, 2020-2027

10.2.7.2 Market Estimates & Forecast by Product Type, 2020-2027

10.2.7.3 Market Estimates & Forecast by Grade, 2020-2027

10.2.7.4 Market Estimates & Forecast by Application, 2020-2027

10.3 Europe

10.3.1 Market Estimates & Forecast, 2020-2027

10.3.2 Market Estimates & Forecast by Product Type, 2020-2027

10.3.3 Market Estimates & Forecast by Grade, 2020-2027

10.3.4 Market Estimates & Forecast by Application, 2020-2027

10.3.5 Germany

10.3.5.1 Market Estimates & Forecast, 2020-2027

10.3.5.2 Market Estimates & Forecast by Product Type, 2020-2027

10.3.5.3 Market Estimates & Forecast by Grade, 2020-2027

10.3.5.4 Market Estimates & Forecast by Application, 2020-2027

10.3.6. France

10.3.6.1 Market Estimates & Forecast, 2020-2027

10.3.6.2 Market Estimates & Forecast by Product Type, 2020-2027

10.3.6.3 Market Estimates & Forecast by Grade, 2020-2027

10.3.6.4 Market Estimates & Forecast by Application, 2020-2027

10.3.7 Italy

10.3.7.1 Market Estimates & Forecast, 2020-2027

10.3.7.2 Market Estimates & Forecast by Product Type, 2020-2027

10.3.7.3 Market Estimates & Forecast by Grade, 2020-2027

10.3.7.4 Market Estimates & Forecast by Application, 2020-2027

10.3.8 Spain

10.3.8.1 Market Estimates & Forecast, 2020-2027

10.3.8.2 Market Estimates & Forecast by Product Type, 2020-2027

10.3.8.3 Market Estimates & Forecast by Grade, 2020-2027

10.3.8.4 Market Estimates & Forecast by Application, 2020-2027

10.3.9 U.K

10.3.9.1 Market Estimates & Forecast, 2020-2027

10.3.9.2 Market Estimates & Forecast by Product Type, 2020-2027

10.3.9.3 Market Estimates & Forecast by Grade, 2020-2027

10.3.9.4 Market Estimates & Forecast by Application, 2020-2027

10.3.10 Rest of Europe

10.3.10.1 Market Estimates & Forecast, 2020-2027

10.3.10.2 Market Estimates & Forecast by Product Type, 2020-2027

10.3.10.3 Market Estimates & Forecast by Grade, 2020-2027

10.3.10.4 Market Estimates & Forecast by Application, 2020-2027

10.4 Asia Pacific

10.4.1 Market Estimates & Forecast, 2020-2027

10.4.2 Market Estimates & Forecast by Product Type, 2020-2027

10.4.3 Market Estimates & Forecast by Grade, 2020-2027

10.4.4 Market Estimates & Forecast by Application, 2020-2027

10.4.5 China

10.4.5.1 Market Estimates & Forecast, 2020-2027

10.4.5.2 Market Estimates & Forecast by Product Type, 2020-2027

10.4.5.3 Market Estimates & Forecast by Grade, 2020-2027

10.4.5.4 Market Estimates & Forecast by Application, 2020-2027

10.4.6 India

10.4.6.1 Market Estimates & Forecast, 2020-2027

10.4.6.2 Market Estimates & Forecast by Product Type, 2020-2027

10.4.6.3 Market Estimates & Forecast by Grade, 2020-2027

10.4.6.4 Market Estimates & Forecast by Application, 2020-2027

10.4.7 Japan

10.4.7.1 Market Estimates & Forecast, 2020-2027

10.4.7.2 Market Estimates & Forecast by Product Type, 2020-2027

10.4.7.3 Market Estimates & Forecast by Grade, 2020-2027

10.4.7.4 Market Estimates & Forecast by Application, 2020-2027

10.4.8 Australia

10.4.8.1 Market Estimates & Forecast, 2020-2027

10.4.8.2 Market Estimates & Forecast by Product Type, 2020-2027

10.4.8.3 Market Estimates & Forecast by Grade, 2020-2027

10.4.8.4 Market Estimates & Forecast by Application 2020-2027

10.4.9 New Zealand

10.4.9.1 Market Estimates & Forecast, 2020-2027

10.4.9.2 Market Estimates & Forecast by Product Type, 2020-2027

10.4.9.3 Market Estimates & Forecast by Grade, 2020-2027

10.4.9.4 Market Estimates & Forecast by Application, 2020-2027

10.4.10 Rest of Asia Pacific

10.4.10.1 Market Estimates & Forecast, 2020-2027

10.4.10.2 Market Estimates & Forecast by Product Type, 2020-2027

10.4.10.3 Market Estimates & Forecast by Grade, 2020-2027

10.4.10.4 Market Estimates & Forecast by Application, 2020-2027

10.5 The Middle East & Africa

10.5.1 Market Estimates & Forecast, 2020-2027

10.5.2 Market Estimates & Forecast by Product Type, 2020-2027

10.5.3 Market Estimates & Forecast by Grade, 2020-2027

10.5.4 Market Estimates & Forecast by Application, 2020-2027

10.5.5 Turkey

10.5.5.1 Market Estimates & Forecast, 2020-2027

10.5.5.2 Market Estimates & Forecast by Product Type, 2020-2027

10.5.5.3 Market Estimates & Forecast by Grade, 2020-2027

10.5.5.4 Market Estimates & Forecast by Application, 2020-2027

10.5.6 Israel

10.5.6.1 Market Estimates & Forecast, 2020-2027

10.5.6.2 Market Estimates & Forecast by Product Type, 2020-2027

10.5.6.3 Market Estimates & Forecast by Grade, 2020-2027

10.5.6.4 Market Estimates & Forecast by Application, 2020-2027

10.5.7 North Africa

10.5.7.1 Market Estimates & Forecast, 2020-2027

10.5.7.2 Market Estimates & Forecast by Product Type, 2020-2027

10.5.7.3 Market Estimates & Forecast by Grade, 2020-2027

10.5.7.4 Market Estimates & Forecast by Application, 2020-2027

10.5.8 GCC

10.5.8.1 Market Estimates & Forecast, 2020-2027

10.5.8.2 Market Estimates & Forecast by Product Type, 2020-2027

10.5.8.3 Market Estimates & Forecast by Grade, 2020-2027

10.5.8.4 Market Estimates & Forecast by Application, 2020-2027

10.5.9 Rest of the Middle East & Africa

10.5.9.1 Market Estimates & Forecast, 2020-2027

10.5.9.2 Market Estimates & Forecast by Product Type, 2020-2027

10.5.9.3 Market Estimates & Forecast by Grade, 2020-2027

10.5.9.4 Market Estimates & Forecast by Application, 2020-2027

10.6 Latin America

10.6.1 Market Estimates & Forecast, 2020-2027

10.6.2 Market Estimates & Forecast by Product Type, 2020-2027

10.6.3 Market Estimates & Forecast by Grade, 2020-2027

10.6.4 Market Estimates & Forecast by Application, 2020-2027

10.6.5 Brazil

10.6.5.1 Market Estimates & Forecast, 2020-2027

10.6.5.2 Market Estimates & Forecast by Product Type, 2020-2027

10.6.5.3 Market Estimates & Forecast by Grade, 2020-2027

10.6.5.4 Market Estimates & Forecast by Application, 2020-2027

10.6.6 Argentina

10.6.6.1 Market Estimates & Forecast, 2020-2027

10.6.6.2 Market Estimates & Forecast by Product Type, 2020-2027

10.6.6.3 Market Estimates & Forecast by Grade, 2020-2027

10.6.6.4 Market Estimates & Forecast by Application, 2020-2027

10.6.7 Rest of Latin America

10.6.7.1 Market Estimates & Forecast, 2020-2027

10.6.7.2 Market Estimates & Forecast by Product Type, 2020-2027

10.6.7.3 Market Estimates & Forecast by Grade, 2020-2027

10.6.7.4 Market Estimates & Forecast by Application, 2020-2027

11. Company Landscape

12. Company Profiles

12.1 Chevron Corporation

12.1.1 Company Overview

12.1.2 Product Type/Business Segment Overview

12.1.3 Financial Updates

12.1.4 Key Developments

12.2 British Petroleum

12.2.1 Company Overview

12.2.2 Product Type/Business Segment Overview

12.2.3 Financial Updates

12.2.4 Key Developments

12.3 Essar Oil Ltd

12.3.1 Company Overview

12.3.2 Product Type/Business Segment Overview

12.3.3 Financial Updates

12.3.4 Key Developments

12.4 Hindustan Petroleum Corporation Limited

12.4.1 Company Overview

12.4.2 Product Type/Business Segment Overview

12.4.3 Financial Updates

12.4.4 Key Developments

12.5 ExxonMobil Corporation

12.5.1 Company Overview

12.5.2 Product Type/Business Segment Overview

12.5.3 Financial Updates

12.5.4 Key Developments

12.6 Indian Oil Corporation Limited.

12.6.1 Company Overview

12.6.2 Product Type/Business Segment Overview

12.6.3 Financial Updates

12.6.4 Key Developments

12.7 Royal Dutch Shell Plc

12.7.1 Company Overview

12.7.2 Product Type/Business Segment Overview

12.7.3 Financial Updates

12.7.4 Key Developments

12.8 Reliance Industries Limited

12.8.1 Company Overview

12.8.2 Product Type/Business Segment Overview

12.8.3 Financial Updates

12.8.4 Key Developments

12.9 Saudi Arabia Oil Company

12.9.1 Company Overview

12.9.2 Product Type/Business Segment Overview

12.9.3 Financial Updates

12.9.4 Key Developments

12.10 Valero Energy Corporation

12.10.1 Company Overview

12.10.2 Product Type/Business Segment Overview

12.10.3 Financial Updates

12.10.4 Key Developments

12.11 Conoco Philips

12.11.1 Company Overview

12.11.2 Product Type/Business Segment Overview

12.11.3 Financial Updates

12.11.4 Key Developments

13 Conclusion

LIST OF TABLES

Table 1 World Population by Major Regions (2020 To 2027)

Table 2 Global Pet coke Market: By Region, 2020-2027

Table 3 North America Pet coke Market: By Country, 2020-2027

Table 4 Europe Pet coke Market: By Country, 2020-2027

Table 5 Asia-Pacific Pet coke Market: By Country, 2020-2027

Table 6 Middle East & Africa Pet coke Market: By Country, 2020-2027

Table 7 Latin America Pet coke Market: By Country, 2020-2027

Table 8 Global Pet coke by Product Type Market: By Regions, 2020-2027

Table 9 North America Pet coke by Product Type Market: By Country, 2020-2027

Table10 Europe Pet coke by Product Type Market: By Country, 2020-2027

Table11 Asia-Pacific Pet coke by Product Type Market: By Country, 2020-2027

Table12 Middle East & Africa Pet coke by Product Type Market: By Country, 2020-2027

Table13 Latin America Pet coke by Product Type Market: By Country, 2020-2027

Table14 Global Pet coke by Grade Market: By Regions, 2020-2027

Table15 North America Pet coke by Grade Market: By Country, 2020-2027

Table16 Europe Pet coke by Grade Market: By Country, 2020-2027

Table17 Asia-Pacific Pet coke by Grade Market: By Country, 2020-2027

Table18 Middle East & Africa Pet coke by Grade Market: By Country, 2020-2027

Table19 Latin America Pet coke by Grade Market: By Country, 2020-2027

Table20 Global Pet coke by Grade Market: By Regions, 2020-2027

Table21 North America Pet coke for Application Market: By Country, 2020-2027

Table22 Europe Pet coke for Application Market: By Country, 2020-2027

Table23 Asia-Pacific Pet coke for Application Market: By Country, 2020-2027

Table24 Middle East & Africa Pet coke for Application Market: By Country, 2020-2027

Table25 Latin America Pet coke for Application Market: By Country, 2020-2027

Table26 Global Product Type Market: By Region, 2020-2027

Table27 Global Grade Market: By Region, 2020-2027

Table28 Global Application Market: By Region, 2020-2027

Table29 North America Pet coke Market, By Country

Table30 North America Pet coke Market, By Product Type

Table31 North America Pet coke Market, By Grade

Table32 North America Pet coke Market, By Application

Table33 Europe: Pet coke Market, By Country

Table34 Europe: Pet coke Market, By Product Type

Table35 Europe: Pet coke Market, By Grade

Table36 Europe: Pet coke Market, By Application

Table37 Asia-Pacific: Pet coke Market, By Country

Table38 Asia-Pacific: Pet coke Market, By Product Type

Table39 Asia-Pacific: Pet coke Market, By Grade

Table40 Asia-Pacific: Pet coke Market, By Application

Table41 Middle East & Africa: Pet coke Market, By Country

Table42 Middle East & Africa Pet coke Market, By Product Type

Table43 Middle East & Africa Pet coke Market, By Grade

Table44 Middle East & Africa: Pet coke Market, By Application

Table45 Latin America: Pet coke Market, By Country

Table46 Latin America Pet coke Market, By Product Type

Table47 Latin America Pet coke Market, By Grade

Table48 Latin America: Pet coke Market, By Application

LIST OF FIGURES

FIGURE 1 Global Pet coke Market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Pet coke Market

FIGURE 4 Value Chain of Global Pet coke Market

FIGURE 5 Share of Global Pet coke Market in 2020, by country (in %)

FIGURE 6 Global Pet coke Market, 2020-2027,

FIGURE 7 Sub segments of Product Type

FIGURE 8 Global Pet coke Market size by Product Type, 2020

FIGURE 9 Share of Global Pet coke Market by Product Type, 2020-2027

FIGURE 10 Global Pet coke Market size by Grade, 2020

FIGURE 11 Share of Global Pet coke Market by Grade, 2020-2027

FIGURE 12 Global Pet coke Market size by Application, 2020

FIGURE 13 Share of Global Pet coke Market by Application, 2020-2027