Global Petroleum coke Market to reach USD 36227.2 million by 2025 | CAGR: 9%
Global Petroleum coke Market is valued USD 16680 million in 2016 is anticipated to grow USD 36227.2 million with the compounded annual growth of 9% over the forecast period 2017-2025.
New York July 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Petroleum coke industry is poised to raise USD 36227.2 million by 2025. Some key components for the market development will be; directly linked to the petroleum refining, cement, and power industry. Growing power and cement industry in emerging economies such as India, China, and Vietnam are anticipated to drive the petroleum coke market over the forecast period. Approval to use petroleum coke in industrial applications by agencies such as EPA and CRS is anticipated to drive the petroleum coke market over the foreseeable future on account of its non-toxic nature.
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Global Petroleum coke Market Size study, by product (fuel grade coke, calcined coke), by applications (aluminum & other metals, cement, storage, steel, power, others), and by Regional Forecasts 2017-2025
The industry seems to be fairly competitive. Some of the leading market players include chevron corporation, Saudi Arabian oil company, ExxonMobil, British Petroleum, marathon petroleum corporation, and so on. Other market players discussed in the report include Valero energy corporation, reliance industry, royal dutch shell, Trammo Inc. New product launches, acquisitions, and mergers are some of the strategies adopted by the key manufacturers. Additionally, the fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- Growing cement and power industries in emerging economies such as India, China and Japan is anticipated to drive the product market.
- Rising demand from aluminum and steel industries is anticipated to propel petroleum coke demand.
Bizwit Research & Consulting LLP has considered the following segments for the study:
- Fuel grade coke
- Calcined coke
- Aluminum & other metals
- North America
- Asia Pacific
- Latin America
- Rest of the World