[Online Quarterly Update]Global green petroleum coke demand is projected to grow at a healthy CAGR of 5.25%. Green petroleum coke is obtained from processing liquid fractions in the delayed coking units in refineries. Green petroleum coke is a material with high fixed carbon content which comprises of hydrocarbons and low levels of inorganic compounds. It appears as a bulk composed of solid black fragments. The term ‘green’ in the name refers to the stage of its production process. Green petroleum coke has low sulphur content as compared to other types of coke. By grade type it can be segmented into anode grade which is used to obtain calcined coke which is used to manufacture anodes to produce aluminium or titanium dioxide, and metallurgical grade which is used as a reducing agent in iron and steel industry. Green petroleum coke is available in different forms such as sponge coke, purge coke, shot coke, needle coke, honeycomb coke. Growing demand of application areas such as aluminium and iron and steel production and increasing government initiatives for low emission materials is expected to drive the demand of green petroleum coke during the forecast period. Moreover, the increasing demand from cement industry is also another factor pushing the demand as green petroleum coke can be added to cement in different compositions.
In 2020, the spread of COVID-19 in major global economies caused nationwide lockdowns which had an impact on a number of industries. Aluminium and iron and steel industries were among the most affected industries during the pandemic due to various plant shutdowns and decrease in the overall demand. This had an impact on the demand of green petroleum coke for the first half of 2020. Therefore, the demand for green petroleum coke fell during the coronavirus pandemic.
Region wise, Asia pacific region holds the major share of global demand for green petroleum coke due to increasing demand of application areas including aluminium and iron and steel production.
Years considered for this report:
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
Objective of the Study:
•To assess the demand-supply scenario of green petroleum coke which covers production, demand and supply of green petroleum coke market globally.
•To analyse and forecast the market size of green petroleum coke .
•To classify and forecast global green petroleum coke market based on technology, end-use and regional distribution.
•To identify drivers and challenges for global green petroleum coke market.
•To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global green petroleum coke market.
•To identify and analyse the profile of leading players involved in the manufacturing of green petroleum coke.
Major players for green petroleum coke globally include Petrobras, Oxbow Corporation, Asbury Carbons, Aluminium Bahrain (Alba), Aminco Resources LLC., Rain Carbon Inc., Atha Group, Carbograf Industrial S.A. de C.V., Shandong KeYu Energy Co., Ltd. Weifang Lianxing New Material Technology Co., Minmat Ferro Alloys Private Limited, Ltd. Linyi Zhenhua Carbon Technology Co., Ltd, and Others.
To extract data for global green petroleum coke market, primary research surveys were conducted with green petroleum coke manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global green petroleum coke market over the coming years.
ChemAnalyst calculated green petroleum coke demand globally by analyzing the historical data and demand forecast which was carried out considering imported green petroleum coke, prices, materials used for production of green petroleum coke . ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• green petroleum coke manufacturers and other stakeholders
•Organizations, forums and alliances related to green petroleum coke distribution
•Government bodies such as regulating authorities and policy makers
•Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as green petroleum coke manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
In this report, global green petroleum coke market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, by Application
Aluminium, Titanium Oxide, Iron and Steel, Cement
Market, by Grade
Anode Grade, Metallurgical Grade
Market, by Sales Channel
Direct Company Sale, Direct Import, Distributors & Traders, Retailers
Market, by Region
North America, APAC, Europe, MEA, South America
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