Calcined Petcoke Market Growth Factors, Emerging Trends, Deep Analysis, Size, Share, Forecast to 2024
The Global Calcined Petcoke Market is expected to register a CAGR of 5.5% and reach around USD 2.9 Billion during the forecast period. The growth is driven by the demand in the aluminum industry. The growth in the demand is primarily influenced by the rise in consumption of aluminum in an array of end-use industries from aerospace to equipment manufacturing. Furthermore, the ongoing initiatives to promote and commercialize the use of electric vehicles (EVs) across the globe has increased the demand for aluminum owing to its lightweight property, which is expected to positively influence the growth of the global calcined petcoke market during the forecast period.
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Some of the key players operating in the global calcined petcoke market are Rain Carbon Inc (US), Metso Corporation (Finland), Atha Group (India), Essar (India), India Carbon Limited (India), Aminco Resources LLC (US), IOCL (Switzerland), Oxbow Corporation (US), Bharat Petroleum Corporation Limited (India), Maniayargroup (India), Amritesh Industries Pvt. Ltd (India), and Garcia Munte Energia SL (Spain).
Based on applications, the global market has been segmented into aluminum, steel, titanium dioxide, plating, paint & coatings, fertilizer, and others. The aluminum segment accounted for over 35% of the market share in terms of volume and value; aluminum is the key segment that is propelling the usage of calcined petcoke
In addition, the optimistic outlook of the steel industry due to the industrial growth and infrastructure development are expected to drive the demand for metallurgical coke. The titanium dioxide is expected to be the fastest growing segment due to its application in the batteries used in EVs. The growth is attributed to the booming lithium-ion battery industry and subsequent demand for lightweight auto parts.
The global calcined petcoke market, by region, has been segregated into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The Asia-Pacific market held the largest share of the global market followed by Europe and North America. The surge in building & construction activities, automobile production, and increasing demand for aluminum in the aerospace industry are some of the prominent factors fueling the demand for calcined petcoke across the globe.
For instance, in March 2019, Salmeen Industrial Projects LLC and BSW Group Holdings opened a new calcined petcoke plant in Oman, Saudi Arabia, which is expected to produce 450,000 metric tonnes calcined petcoke annually.
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Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Bargaining Power Of Suppliers
5 Industry Overview Of Global Calcined Petcoke Market
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
To Be Continue……
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