Global Calcined Petroleum Coke Market to be Driven by the Rising Demand for the Product in the Manufacturing of Aluminium in the Forecast Period of 2022-2027

The new report by Expert Market Research titled, ‘Global Calcined Petroleum Coke Market Share, Report and Forecast 2022-2027’, gives an in-depth analysis of the global calcined petroleum coke market, assessing the market based on its segments like types, applications, grades, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

Forecast CAGR (2022-2027): 2%

The rising demand for calcined petroleum coke in the aluminium and steel industry owing to the rapid urbanisation and rising demand for aluminium and steel in the construction projects is driving the market growth. In addition, calcined petroleum coke is a crucial component in the manufacturing of graphite blocks. Hence, the growing demand for graphite blocks in the electronics, metallurgy, and chemical industry is anticipated to support the market for petroleum coke in the forecast period. Moreover, the growing preference for calcined petroleum coke over coal in various end use industries owing to the higher carbon content of the product is anticipated to be a significant factor for the market growth. Geographically, the Asia Pacific accounts for a significant share in the market owing to the growing demand from major end use industries, strong presence of aluminium manufacturers, and the increasing demand for steel in multi-housing projects.

Industry Definition and Major Segments

Calcined petroleum coke is a compound which is obtained by heating petroleum coke in temperatures between 1200 to 1350 degree Celsius in order to remove access moisture. The remaining hydrocarbons are extracted and crystalline structure of coke is modified. Within a few hours, calcined petroleum coke is cooled from 1350 degree Celsius to less than 200 degree Celsius and then transported into vessels. Calcined petroleum coke is a crucial ingredient in the production of aluminium. The use of the product in various industries depends upon the sulphur content it contains.

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On the basis of type, the market can be segmented into:

Needle Coke
Shot Coke
Sponge Coke
Honeycomb Coke

The different applications of the product include:

Aluminium Industry
Steel Industry
Others

By grade, the market has been bifurcated into:

Anode Grade
Needle Grade

The regional markets for calcined petroleum coke include:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Market Trends

The demand for aluminium and its production is expected to witness a healthy growth in the forecast period owing to its benefits including the lower cost compared to copper, superior weight to strength ratio, formability, corrosion resistance, and others. As a result, its demand for new applications is expected to grow, thereby driving the demand for calcined petroleum coke in the coming years. Additionally, the increasing import of calcined petroleum coke in emerging economies in order to meet the housing demands of the growing population is anticipated to be the key trend in the market. For instance, according to Chinese Customs Authority Statistics, China recently increased the import of calcined petroleum coke from Kazakhstan. Moreover, the market is further expected to be aided by the increasing utilisation of the product in the manufacturing of anode, especially aluminium smelter anodes.

Key Market Players

The major players in the market are BP America Inc., Elsid S.A., Oxbow Corporation, Maniyar Group of Industries, Atha Group, and Rain Industries Limited, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.