Calcined Petcoke Market Size Overview

The Global Calcined Petcoke Market Size 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 Size 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 aluminium 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 Size 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 aluminium, steel, titanium dioxide, fertilizer, paint & coatings, and others. The key regions involved in the Global Calcined Petcoke Market Size 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 Size 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 Size Share, by Application, 2018 (%)  Calcined Petcoke Market Size Research Report - Global Forecast till 2030 -Report image 00

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Regional Analysis

Asia-Pacific accounted for the largest market share of the Global Calcined Petcoke Market Size 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 Size 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 Size 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.

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.

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