Petcoke Market Projected to Grow at a Steady Pace During 2022-2028
Stratview Research has recently published a report on the Petcoke Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2022 to 2028.
The Petcoke Market Market is Segmented by Grade Type (Fuel Grade and Calcined Grade), by Physical Form Type (Sponge Coke, Purge Coke, Shot Coke, and Needle Coke), by Application Type (Power Plants, Cement Industry, Steel Industry, Aluminum Industry, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Petcoke Market Analysis:
Stratview Research’s report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the Petcoke Market was projected to grow from USD 18 billion in 2021 to USD 34.63 billion in 2028 at a CAGR of 9.8% during the forecast period.
Some of the companies drive the market growth:
- BP
- Cocan Graphite Trammo
- ExxonMobil
- Marathon Petroleum
- Reliance
- Atha Group
- Saudi Aramco
- Rain CII
- Essar Oil
- Corporation.
To download a free sample of the report, Click Here: https://www.stratviewresearch.com/Request-Sample/1886/petcoke-market.html#form
Segments Analysis
By Grade Type
The market is segmented as fuel grade and calcined grade. Calcined petroleum coke is expected to lead the market during the forecast period. The growth of the segment can be attributed to its low emission properties and high investments made in the development of primary metal manufacturing industry. Increased use of calcinated petcoke and its growing demand for steel mills as a recarburizing agent will increase the industry prospects. Furthermore, changing trends towards coke's use in furs & boilers as a substitute for coal will have a positive impact on the timeline for its adoption.
By Region
The petcoke industry was estimated at more than 2 billion in North America in 2016, and is all set to grow significantly over the forecast period. Business growth is majorly driven by positive perspectives for the expansion of the primary metal industry and continuous investments made in refinery expansion. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
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