Global Calcined Petroleum Coke Market By Type (Needle coke type, Shot coke type, Sponge coke type, and Honeycomb coke type), By Application (Aluminum industry, Steel industry, and Titanium dioxide), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2019–2028

Market.us announces publication of its most recently generated research report titled, “Global Calcined Petroleum Coke Market by Product Type (Needle Coke, Shot Coke, Sponge Coke, Honeycomb Coke), By Application (Aluminum Industry, Steel Industry, Titanium dioxide), and by Region – Global Forecast to 2028.”, which offers a holistic view of the global Calcined Petroleum Coke market through systematic segmentation that covers every aspect of the target market.

The global Calcined Petroleum Coke market is projected to be US$ 7,652.5 Mn in 2018 to reach US$ 12,597.6 Mn by 2028 at a CAGR of 5.1%.

Calcined petroleum coke is an essential ingredient in the production of aluminum. It is produced by placing high quality raw "green" petroleum coke into rotary kilns. In the rotary kilns, it is heated to temperatures between 1200 to 1350 degrees C (2192 to 2460 F). The high temperatures eliminate the excess moisture, remove all remaining hydrocarbons, and alter the crystalline structure of the coke, which gives a denser, more electrically conductive product. Calcined petroleum coke is then cooled and transported to storage silos or into trucks, barges, vessels or containers. The structure of calcined petroleum coke is sponge-like, which is beneficial in making of anodes. Almost 0.4 tons of calcined petroleum coke is used for every ton of anode manufacturing.  There is no other substitute available commercially, which is viable for the calcined pet coke in the production of aluminum anodes.

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There are four basic types of calcined petroleum coke in the global market. Needle coke, shot coke, sponge coke, and honeycomb coke. Needle coke is also known as acicular coke. It is highly crystalline petroleum coke used in the manufacturing of electrodes for the steel and aluminum industries. Honeycomb coke is an intermediate coke. It has ellipsoidal pores that are uniformly distributed. Honeycomb coke has a lower electrical conductivity compared to needle coke. Majority of calcined petroleum coke is used in the aluminum industry and steel industry. Calcined petroleum coke is significantly used for melting purpose of alumina in the aluminum industry. In the steel industry, calcined petroleum coke is used as recarburizing agent. Other uses include titanium dioxide, which is used as pigment for plastics, paints and food coloring.  Calcined petroleum coke is also used as conductive backfill in-ground electrode station.

Global Calcined Petroleum Coke Market Revenue (US$ Mn), 2018–2028

Compared to the coal, calcined petroleum coke has a higher content of the carbon. It contains approximately 90% of carbon. Further, the value of calcined petroleum coke is cheaper than coal as it is the by-product of the refineries. Currently, there is no other commercial substitute available for the calcined petroleum coke, so its demand is increasing. Due to high yield and cheap price preference for calcined petroleum coke by the end-users over coal is growing, which is the key factor driving calcined petroleum coke market growth.

Key players such as Rain industries, Oxbow, etc. are focusing on Research and development activities for improvement in the quality and different blending for cost-effective products. This trend is expected to create lucrative opportunities for market growth.

Global Calcined Petroleum Coke market is segmented based on product type, application, and region. Based on product type, the market is segmented into Needle Coke, Shot Coke, Sponge Coke, Honeycomb Coke, etc. The Sponge Coke segment accounts for the majority share and is expected to register the highest growth over the forecast period, followed by Needle Coke segment. Based on application, the market is segmented into the Aluminum Industry, Steel Industry, Titanium dioxide, etc. The aluminum industry segment accounts for a majority share in the global Calcined Petroleum Coke market.

Global Calcined Petroleum Coke Market by Product Type, 2018

Based on the region, the market is segmented into North America, Europe, APAC, South Americ, and Middle East Africa. The APAC accounts for the majority share in the global Calcined Petroleum Coke market, followed by Europe.

The research report on the global Calcined Petroleum Coke market includes profiles of some of major companies such as Oxbow Corporation, Aluminium Bahrain, Rain Industries Limited, Graphite India Limited, Aminco, Asbury Carbons Inc., Atha Group, Carbograf Industrial S.A., Goa Carbon Limited, Minmat Ferro Alloys Pvt Ltd, Keyu Energy Co, Maniyar Group etc.

Key Market Segments:

Type

• Needle Coke
• Shot Coke
• Sponge Coke
• Honeycomb Coke

Application

• Aluminum industry
• Steel industry
• Titanium dioxide

Key Market Players included in the report:

• Oxbow Corporation
• Aluminium Bahrain
• Rain Industries Limited
• Graphite India Limited
• Aminco
• Asbury Carbons Inc.
• Atha Group
• Carbograf Industrial S.A.
• Goa Carbon Limited
• Minmat Ferro Alloys Pvt Ltd
• Keyu Energy Co
• Maniyar Group

For the Calcined Petroleum Coke Market research study, the following years have been considered to estimate the market size: