Green Petroleum Coke and Calcined Petroleum Coke Market Size (2024 - 2029)

The green and calcined petroleum coke market is experiencing steady growth, recovering from the impacts of the COVID-19 pandemic, which had significantly disrupted industrial activities and reduced demand, particularly in the aluminum, automotive, and aerospace sectors. Despite challenges such as fluctuating raw material prices, the market is expected to expand, driven by increased aluminum production and extensive industrialization in regions like Asia-Pacific and Latin America. Asia-Pacific holds a substantial portion of the market due to high demand in construction and various industrial applications, including fuel, aluminum, iron and steel, and silicon metal.

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Market Size of Green Petroleum Coke and Calcined Petroleum Coke Industry

Green Petroleum Coke and Calcined Petroleum Coke Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Green Petroleum Coke and Calcined Petroleum Coke Market Major Players

*Disclaimer: Major Players sorted in no particular order

Green Petroleum Coke & Calcined Petroleum Coke Market Analysis

The green and calcined petroleum coke market are projected to register a CAGR of less than 6% during the forecast period.

The COVID-19 pandemic significantly impacted economic activity. A deep and potentially extended recession is a foregone conclusion. The slowdown in industrial activities significantly impacted the market due to lockdown and curfew situations worldwide. Global aluminum demand is already slashed, with the automotive and aerospace industries bearing the brunt of the fallout, thus, decreasing the demand for green and calcined petroleum coke. Currently, the market recovered from the pandemic and is growing steadily.

  • Over the short term, increasing aluminum production for industrial activities is expected to drive market growth.
  • However, fluctuating prices for raw materials will likely hinder the market's growth.
  • Nevertheless, extensive industrialization in Asia-Pacific and Latin America will likely generate future profitable growth prospects for the green petroleum coke market. Due to high product demand in the construction industry, Asia-Pacific includes a significant share of the global green petroleum coke market in terms of usage.
  • Asia-Pacific dominated the market across the world, with robust demand from various applications, such as fuel, aluminum, iron and steel, and silicon metal, among others, in numerous industries.

Green Petroleum Coke & Calcined Petroleum Coke Industry Segmentation

Petroleum coke is a byproduct of oil refineries, and around 75% of petroleum coke produced globally is used as fuel, while the rest is usually either calcined for usage in the aluminum industry or treated for use as metallurgical coke in steel making. The green and calcined petroleum coke market is segmented by type, application, and geography. By type, the market is segmented into fuel grade and calcined coke. By application, the market is segmented into green petroleum coke (aluminum, fuel, iron and steel, silicon metal, and others (bricks, glass, carbon products, and others)) and calcined petroleum coke (aluminum, titanium dioxide, re-carburizing market, and others (needle coke, carbon products, etc.)). The report also covers the market size and forecasts for the green petroleum coke and calcined petroleum coke market in 16 countries across major regions. For each segment, the market sizing and forecasts have been done based on volume (kilotons).

Type
Fuel Grade
Calcined Coke
Application
Green Petroleum Coke
Aluminum
Fuel
Iron and steel
Silicon Metal
Others (Bricks, Glass, Carbon Products, etc)
Calcined Petroleum Coke
Aluminum
Titanium Dioxide
Re-carburizing Market
Others (Needle Coke, Carbon Products, etc)
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Spain
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Green Petroleum Coke and Calcined Petroleum Coke Market Size Summary

The green and calcined petroleum coke market is experiencing a steady recovery and growth following the significant disruptions caused by the COVID-19 pandemic. The initial impact of the pandemic led to a reduction in industrial activities, affecting demand across sectors such as automotive and aerospace, which in turn decreased the need for these petroleum products. However, the market is now benefiting from increased aluminum production, driven by industrial activities, particularly in the Asia-Pacific and Latin America regions. These areas are witnessing extensive industrialization and a high demand for green petroleum coke, especially in the construction industry. Asia-Pacific holds a dominant position in the global market, supported by robust demand from various applications, including fuel, aluminum, iron and steel, and silicon metal.

The market landscape is characterized by partial consolidation, with major players like Oxbow Corporation, Rain Carbon Inc., and Phillips 66 Company holding significant shares. The Asia-Pacific region, particularly China and India, continues to be a major consumer, with China playing a pivotal role in the aluminum industry growth. Despite challenges such as fluctuating raw material prices and environmental regulations affecting fuel-grade coke consumption, the market is poised for growth. Innovations and new applications in aluminum usage, driven by trends like electro-mobility and lightweight construction, are expected to further boost demand for green and calcined petroleum coke. The market's future growth prospects are promising, supported by ongoing industrial activities and strategic developments by key industry players.

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Green Petroleum Coke and Calcined Petroleum Coke Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand from Aluminum Applications

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Fluctuating Prices for Raw Materials

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Type

      1. 2.1.1 Fuel Grade

      2. 2.1.2 Calcined Coke

    2. 2.2 Application

      1. 2.2.1 Green Petroleum Coke

        1. 2.2.1.1 Aluminum

        2. 2.2.1.2 Fuel

        3. 2.2.1.3 Iron and steel

        4. 2.2.1.4 Silicon Metal

        5. 2.2.1.5 Others (Bricks, Glass, Carbon Products, etc)

      2. 2.2.2 Calcined Petroleum Coke

        1. 2.2.2.1 Aluminum

        2. 2.2.2.2 Titanium Dioxide

        3. 2.2.2.3 Re-carburizing Market

        4. 2.2.2.4 Others (Needle Coke, Carbon Products, etc)

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 ASEAN Countries

        6. 2.3.1.6 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Spain

        6. 2.3.3.6 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Green Petroleum Coke and Calcined Petroleum Coke Market Size FAQs

The Green Petroleum Coke and Calcined Petroleum Coke Market is projected to register a CAGR of less than 6% during the forecast period (2024-2029)

Oxbow Corporation, Rain Carbon Inc, Phillips 66 Company, BP plc and Aluminium Bahrain B.S.C. (Alba) are the major companies operating in the Green Petroleum Coke and Calcined Petroleum Coke Market.

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