Green and Calcined Petroleum Coke Market Size, Trends [2031]
Green and Calcined Petroleum Coke Market Size, Trends [2031]
Segments - Green and Calcined Petroleum Coke Market by Type (Green Petroleum Coke and Calcined Petroleum Coke), Application (Cement, Aluminum, Steel, Power, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :MC-5855
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| 191 Pages
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Report Description
The global green and calcined petroleum coke market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of XX% during 2023–2031. The market growth is attributed to the high usage of green petroleum coke in ceramics and advancements in the oil & gas industry.
Increasing advancements in the oil & gas industry are expected to boost the green and calcined petroleum coke market in the coming years. High-quality green coke is important for the oil industry to enhance sustainability while refining large quantities of sour crude oil, which dramatically changed the availability of high-quality green coke in the traditional markets, especially in the US.
Governments across the globe are launching projects for the development of aluminum industries and other mining industries. For instance, in November 2021, a calcined petroleum coke project with an investment of around USD 150 million was launched in Oman, which helped in adding value to the sizable amounts of petcoke (petroleum coke). It is currently being generated by refineries in the Sultanate of Oman as a byproduct of the refining process.
The market report finds that the COVID-19 pandemic hindered the green and calcined petroleum coke market, due to the disruption of the supply chain. The imports and exports of raw materials stopped during the pandemic, owing to the strict regulations imposed by governments across the globe and the labor unavailability, due to social distancing. Aluminum, steel, and iron industries are the majorly affected industries, owing to the several plant shutdowns during the pandemic.
Green and Calcined Petroleum Coke Market Dynamics
Major Drivers
Increasing demand for the steel and aluminum industry is expected to drive the green and calcined petroleum coke market during the forecast period. Calcined petroleum coke is used as a carbon additive in the production of aluminum.
During the production process, it helps to reduce the amount of carbon dioxide and increases the electrical conductivity of aluminum. Green and calcined petroleum coke are used as raw materials for artificial graphite electrodes that are used in steelmaking. The usage of calcined petroleum coke is expected to increase in the coming years, due to the increasing demand for steel for infrastructure development, urbanization, and industrialization.
Existing Restraints
Strict environmental regulations are expected to hamper the green and calcined petroleum coke market in the coming years. Environmental regulations aim to reduce carbon emissions and promote clean energy sources, which impacts the market.
Moreover, the high cost of raw materials is expected to hinder the market during the forecast period. It adversely affects petroleum coke production as well as the profitability and performance of upstream oil & gas companies and refiners.
Emerging Opportunities
Increasing demand for calcined petroleum coke in various industries is expected to create lucrative opportunities for the market players in the coming years. Calcined petroleum coke (CPC) is used to make anodes for the steel, aluminum, and titanium melting industries. In the aluminum industry, CPC is used to produce carbon anodes for aluminum production.
CPCs are widely used as the recarburizer in the steel and oil industries. This, in turn, is likely to increase the demand for CPC in various industries boosting the green and calcined petroleum coke market during the forecast period.
Scope of Green and Calcined Petroleum Coke Market Report
The market report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Green and Calcined Petroleum Coke Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Type (Green Petroleum Coke and Calcined Petroleum Coke) and Application (Cement, Aluminum, Steel, Power, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
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Key Players Covered in the Report |
AluminIum BahraIn B.S.C. (Alba); AMINCO RESOURCES LLC; Asbury Carbons; BP p.l.c.; Marathon Petroleum Corporation; Oxbow Corporation; Petroliam Nasional Berhad (PETRONAS); Phillips 66 Company; and Rain Carbon Inc |
Green and Calcined Petroleum Coke Market Segment Insights
Type Segment Analysis
Based on type, the green and calcined petroleum coke market is divided into green petroleum coke and calcined petroleum coke. The calcined petroleum coke segment is expected to expand at a significant pace during the projection period, as it is commonly used for the melting purpose of alumina in the aluminum industry. Calcined coke is obtained from the calcination of green coke.
Calcining is the process of heating green coke to eliminate moisture & volatile matter and for further processing; it purifies the coke. It is a high-purity carbon material that has several uses in various industries. Calcined petroleum coke is used in aluminum production, carbon products, steel production, chemical production, and fuel cells.
Several companies and organizations are launching calcined petroleum coke that is used in the aluminum and mining industries, which is expected to boost the segment during the forecast period. For instance,
-
According to the Observatory of Economic Complexity (OEC), in 2021, calcined was the 937th most traded product across the globe, with total trade valued at USD3.74 billion. Calcined exports increased by 60.6% between 2020 and 2021, from USD 2.33 billion to USD 3.74 billion. Petroleum coke, calcined represents 0.018% of the total world trade.
Application Segment Analysis
On the basis of application, the global market is segregated into cement, aluminum, steel, power, and others. The aluminum segment is projected to account for a major market share in the coming years. Calcined petroleum coke is a crucial ingredient in the production of aluminum.
It is created by introducing high-quality raw green petroleum coke into rotary kilns, where it is heated up to high temperatures. The high temperatures remove excess moisture, modify the crystalline structure of the coke, and extract all remaining hydrocarbons, resulting in a dense and improved electrically conductive product.
The steel segment is anticipated to register a considerable CAGR during the forecast period. Calcined petroleum coke (CPC) is used in the steel industry as a recarburizing agent, and it helps to remove impurities from recycled steel by blowing it into arc furnaces. Recarburizer is a carbon material used for the carburization of steel and cast iron at high temperatures.
A recarburizer is used to adjust the carbon content of the steel, while it is still liquid before casting. Scrap steel and recarburizer are added in batches to avoid slow smelting and heating time in the batching process.
Regional Analysis
In terms of region, the global green and calcined petroleum coke market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to dominate the market during the projection period, due to the rising population across developing countries and rapid urbanization. The regional market growth is further attributed to the increase in the supply of heavy oils and the high demand for energy.
The market in North America is anticipated to expand at a rapid pace in the coming years, due to the increasing investments in oil & gas refineries and expansion of the metal industry. Emerging countries such as the US are launching several calcined and green petroleum coke products, which drives the market in the region. The export of green petroleum coke has increased in the US, which boosts the market in the region. For instance,
-
According to a recent report published, the US is the largest green petroleum coke exporter across the globe, which increased its share of the global seaborne market by around 2.6% points on the year to around 71.1pc, exporting around 28.28mn t in the first 10 months of 2022.
Segments
The global green and calcined petroleum coke market has been segmented on the basis of
Type
- Green Petroleum Coke
- Calcined Petroleum Coke
Application
- Cement
- Aluminum
- Steel
- Power
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- AluminIum BahraIn B.S.C. (Alba)
- AMINCO RESOURCES LLC
- Asbury Carbons
- BP p.l.c.
- Marathon Petroleum Corporation
- Oxbow Corporation
- Petroliam Nasional Berhad (PETRONAS)
- Phillips 66 Company
- Rain Carbon Inc
Competitive Landscape
Key players competing in the global green and calcined petroleum coke market are AluminIum BahraIn B.S.C. (Alba); AMINCO RESOURCES LLC; Asbury Carbons; BP p.l.c.; Marathon Petroleum Corporation; Oxbow Corporation; Petroliam Nasional Berhad (PETRONAS); Phillips 66 Company; and Rain Carbon Inc.
These key players adopt various strategies, including mergers, acquisitions, collaboration, partnerships, product launches, and production expansion, to expand their consumer base globally.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Green and Calcined Petroleum Coke Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Green and Calcined Petroleum Coke Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Green and Calcined Petroleum Coke Market - Supply Chain
4.5. Global Green and Calcined Petroleum Coke Market Forecast
4.5.1. Green and Calcined Petroleum Coke Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Green and Calcined Petroleum Coke Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Green and Calcined Petroleum Coke Market Absolute $ Opportunity
5. Global Green and Calcined Petroleum Coke Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Green and Calcined Petroleum Coke Market Size and Volume Forecast by Types
5.3.1. Green Petroleum Coke
5.3.2. Calcined Petroleum Coke
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Green and Calcined Petroleum Coke Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Green and Calcined Petroleum Coke Market Size and Volume Forecast by Applications
6.3.1. Cement
6.3.2. Aluminum
6.3.3. Steel
6.3.4. Power
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Green and Calcined Petroleum Coke Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Green and Calcined Petroleum Coke Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Green and Calcined Petroleum Coke Demand Share Forecast, 2019-2026
8. North America Green and Calcined Petroleum Coke Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Green and Calcined Petroleum Coke Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Green and Calcined Petroleum Coke Market Size and Volume Forecast by Types
8.4.1. Green Petroleum Coke
8.4.2. Calcined Petroleum Coke
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Green and Calcined Petroleum Coke Market Size and Volume Forecast by Applications
8.7.1. Cement
8.7.2. Aluminum
8.7.3. Steel
8.7.4. Power
8.7.5. Others
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Green and Calcined Petroleum Coke Demand Share Forecast, 2019-2026
9. Latin America Green and Calcined Petroleum Coke Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Green and Calcined Petroleum Coke Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Green and Calcined Petroleum Coke Market Size and Volume Forecast by Types
9.4.1. Green Petroleum Coke
9.4.2. Calcined Petroleum Coke
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Green and Calcined Petroleum Coke Market Size and Volume Forecast by Applications
9.7.1. Cement
9.7.2. Aluminum
9.7.3. Steel
9.7.4. Power
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Green and Calcined Petroleum Coke Demand Share Forecast, 2019-2026
10. Europe Green and Calcined Petroleum Coke Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Green and Calcined Petroleum Coke Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Green and Calcined Petroleum Coke Market Size and Volume Forecast by Types
10.4.1. Green Petroleum Coke
10.4.2. Calcined Petroleum Coke
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Green and Calcined Petroleum Coke Market Size and Volume Forecast by Applications
10.7.1. Cement
10.7.2. Aluminum
10.7.3. Steel
10.7.4. Power
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Green and Calcined Petroleum Coke Demand Share Forecast, 2019-2026
11. Asia Pacific Green and Calcined Petroleum Coke Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Green and Calcined Petroleum Coke Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Green and Calcined Petroleum Coke Market Size and Volume Forecast by Types
11.4.1. Green Petroleum Coke
11.4.2. Calcined Petroleum Coke
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Green and Calcined Petroleum Coke Market Size and Volume Forecast by Applications
11.7.1. Cement
11.7.2. Aluminum
11.7.3. Steel
11.7.4. Power
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Green and Calcined Petroleum Coke Demand Share Forecast, 2019-2026
12. Middle East & Africa Green and Calcined Petroleum Coke Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Green and Calcined Petroleum Coke Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Green and Calcined Petroleum Coke Market Size and Volume Forecast by Types
12.4.1. Green Petroleum Coke
12.4.2. Calcined Petroleum Coke
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Green and Calcined Petroleum Coke Market Size and Volume Forecast by Applications
12.7.1. Cement
12.7.2. Aluminum
12.7.3. Steel
12.7.4. Power
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Green and Calcined Petroleum Coke Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Green and Calcined Petroleum Coke Market: Market Share Analysis
13.2. Green and Calcined Petroleum Coke Distributors and Customers
13.3. Green and Calcined Petroleum Coke Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. AluminIum BahraIn B.S.C. (Alba)
13.4.2. AMINCO RESOURCES LLC
13.4.3. Asbury Carbons
13.4.4. BP p.l.c.
13.4.5. Marathon Petroleum Corporation
13.4.6. Oxbow Corporation
13.4.7. Petroliam Nasional Berhad (PETRONAS)
13.4.8. Phillips 66 Company
13.4.9. Rain Carbon Inc
Methodology
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