Calcined Petroleum Coke Market - Industry Analysis, Market Size, Share, Trends, Growth And Forecast 2020 - 2025

Report Code: CMR 0864 Report Format: PDF + Excel (Delivery in 48 Hrs)
Calcined Petroleum Coke Market size is forecast to reach $10 billion by 2025, after growing at a CAGR of 4.6% during 2020-2025. The key factors driving the calcined petcoke market growth include rising demand for petroleum coke in the steel industry as an additive in the electrodes or as a carburizer, development in the cement and power generation industries, growth in the supply of heavy oils globally and favorable government initiatives regarding the sustainable and green environment. In addition, the use of anode grade petcoke and needle coke during the production of steel and in graphite electrodes, respectively is expected to drive the market growth. 

Report Coverage
The report: “Calcined Petroleum Coke Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Calcined Petroleum Coke Industry. 
By Type: Needle Coke, Shot Coke, Sponge Coke, Honeycomb Coke and others.
By Application: Fuel, Aluminum, Bricks & Glasses, Paints & Coatings, Titanium Dioxide, Steel, Fertilizer, and others.
By Geography: North America, South America, Europe, APAC, and RoW.

Key Takeaways
  • Asia Pacific dominates the Calcined Petroleum Coke market, owing to the increasing manufacturing & construction activities in the region due to various government initiatives such as 100 smart cities and Housing for all by 2022 in the region.
  • Major industry participants are developing novel manufacturing processes for intermediate grade needle coke in order to enhance the properties and make it suitable for several applications. Technological innovations are aimed at refining processes and expanding application areas of calcined petcoke. Which will further support calcined petcoke market growth.
  • Due to the COVID-19 pandemic, most of the countries have gone under lockdown, due to which operations of various industries including construction has been negatively affected, which is hampering the calcined petcoke market growth. 

Type - Segment Analysis
Needle coke held the largest share in the calcined petcoke market in 2019. Needle Petroleum Coke or needle petcoke is a premium grade calcined product. It contains needle-like crystals and is used in the manufacturing of electrodes, which are used in the steel industry, owing to its electrical conductivity and physical properties. Needle coke is used in the production of steel, it is employed in manufacturing graphite electrodes, which are used in electric arc and induction furnaces. Growing demand for steel and aluminum driven by flourishing construction, automobiles and transportation sector will stimulate the product demand. In addition, rapid commercialization & industrialization, primarily across developing countries will further augment the industry growth in the coming years.

Application - Segment Analysis
Aluminum application held the largest share in the calcined petcoke market in 2019 and is growing at a CAGR of 5%, owning to increasing aluminum demand and increasing calcined petcoke usage in manufacturing aluminum. High ductility, anti-corrosion property, light weight and excellent thermal & electrical conductivity are some of the key properties of aluminum which makes it suitable for key industries including medical, electrical components and ceramics. In addition, rapid urbanization across emerging economies has created an incremental demand for the metal, which will drive the market growth over the forecast period. Calcined petcoke demand across power plants is expected to witness growth owing to increasing adoption of fuel with high energy content along with the growing demand for electricity across emerging economies. High fuel stability and less risk of combustion during transportation are some of the key factors driving the product adoption.

Geography - Segment Analysis
Asia Pacific held the largest share in the Calcined Petroleum Coke market in 2019 up to 40%. owing to the growing infrastructural activities such as building, roads, bridges and dams constructions in the countries such as India, China and Singapore due to economic reforms, infrastructural development, and rising per capita income of the individuals. Also, the population growth is resulting in the need for more residential and commercial sectors.  The Indian government has initiated projects, such as ‘100 smart cities’ and ‘Housing for All by 2022,’ which are expected to drive the Indian residential construction market over the forecast period. According to Australian trade and investment commission, Singapore government spends at least S$2 billion on public infrastructure each month. Also, the government projected Singapore’s average construction demand for 2018 and 2019 between S$26 billion to S$35 billion. According to International Trade Administration (ITA), the construction value of China in 2018 was USD 893.58 and it is forecasted to reach USD 968.06 by 2019. Also, the Chinese construction industry is forecasted to grow at an annual average of 5% in real terms between 2019 and 2023. Government of India established the National Steel Policy (NSP) 2017, to create a globally competitive steel industry in India. NSP 2017 envisages 300 million tonnes (MT) steel-making capacity and 160 kg per capita steel consumption by 2030-31. Such investments and initiatives by the government in APAC region are anticipated to drive the calcined petcoke market during the forecast period. 

Drivers – Calcined Petroleum Coke Market
  • Increasing demand for steel.
The demand for steel is substantially increasing due to which calcined petcoke are showing significant increase in their production rate. According to the world Steel Association, the steel output increased by 3.8 percent to 1,690 million tonnes and steel consumption increased by 5.1 percent to 1,693 million tonnes globally. The steel industry is expanding at a lucrative rate in Asia Pacific regions such as in India. India is the world’s second-largest steel producer, and its steel production capacity has expanded from 106.5 million tones in 2018 to 137.975 million tones in 2019. The steel industry is also showing a significant increase in the North American region such as in United States. During the North American Free Trade Agreement (NAFTA), the U.S. monthly steel consumption indicator increased by 3.7% during January to August 2018, year-on-year. The Steel consumption also increased in Argentina (1%) and Ecuador (4%) during January-November 2018. The rising demand for steel and steel related products acts a driver for the calcined petcoke market during the forecast period.

  • Increasing preference of Calcined Petroleum Coke over the coal
Calcined Petroleum Coke has a higher carbon content compared to coal containing almost more than 90 percent of carbon and, based on the calorific value, the Calcined Petroleum Coke has a value of more than 7,000 kcal / kg which is nearly double that of coal. As it is the by-product of the refineries the value of the Calcined Petroleum Coke is cheap as compared to the coal. Currently there is no other substitute available for the Calcined Petroleum Coke so the demand of the market is experiencing a substantial growth. High yield, cheap price have been the key benefits resulting in growing preference for Calcined Petroleum Coke by the end users over coal. 

Challenges – Calcined Petroleum Coke Market 
  • Fluctuating crude oil price.
The ban on coal mining is likely to hamper the supply, thereby creating a supply shortage in the industry as crude oil distillates and residues are the major sources for calcined petcoke derived from the petroleum industry. The fluctuating prices of crude oil have a similar impact on the prices of petcoke which has led manufacturers to incur unexpected losses at times. According to, BP Statistical Review of World Energy, in the recent year there is been an increase in the price volatility of crude oil, such as the crude oil price decreased from $98.95 in 2014 to $52.39 in 2015 and increased from $43.73 in 2016 to $71.31 in 2018.  

Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Calcined Petroleum Coke Market. In 2019, the market of Calcined Petroleum Coke Market has been consolidated by the top five players accounting for xx% of the share. Major players in the Calcined Petroleum Coke market includes Oxbow Corporation, Atha Group, Rain Industries Limited, HPCL-Mittal Energy Limited (HMEL), Essar Oil Ltd., Henze International LLC, BP, Chevron Corporation, and ArcelorMittal, among others.
1. Calcined Petroleum Coke Market- Market Overview
    1.1 Definitions and Scope
2. Calcined Petroleum Coke Market- Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Type
    2.3 Key Trends by Application
    2.4 Key Trends by Geography
3. Calcined Petroleum Coke Market- Landscape
    3.1 Comparative analysis 
        3.1.1 Market Share Analysis- Top Companies
        3.1.2 Product Benchmarking- Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
        3.1.5 Pricing Analysis
4. Calcined Petroleum Coke Market - Startup companies Scenario Premium Premium  
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Calcined Petroleum Coke Market– Industry Market Entry Scenario Premium Premium  
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Successful venture profile
    5.4 Customer Analysis - Top companies
6. Calcined Petroleum Coke Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7. Calcined Petroleum Coke Market -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Market life cycle
    7.4 Suppliers and distributors 
8. Calcined Petroleum Coke Market– By Type (Market Size -$Million / $Billion)
    8.1 Needle Coke
    8.2 Shot Coke
    8.3 Sponge Coke
    8.4 Honeycomb Coke
    8.5 Others
9. Calcined Petroleum Coke Market– By Application (Market Size -$Million / $Billion)
    9.1 Fuel 
    9.2 Aluminum
    9.3 Bricks & Glasses
    9.4 Paints & Coatings
    9.5 Titanium Dioxide
    9.6 Steel
    9.7 Fertilizer
    9.8 Others
10. Calcined Petroleum Coke Market - By Geography (Market Size -$Million / $Billion)
    10.1 North America
        10.1.1 U.S.
        10.1.2 Canada
        10.1.3 Mexico
    10.2 South America
        10.2.1 Brazil
        10.2.2 Argentina
        10.2.3 Colombia
        10.2.4 Rest of South America
    10.3 Europe
        10.3.1 U.K
        10.3.2 Germany
        10.3.3 Italy
        10.3.4 France
        10.3.5 Spain
        10.3.6 Russia
        10.3.7 Rest of Europe
     10.4 Asia Pacific
        10.4.1 China
        10.4.2 India
        10.4.3 Japan
        10.4.4 Taiwan
        10.4.5 South Korea
        10.4.6 Rest of Asia Pacific
    10.5 ROW
        10.5.1 Middle East
        10.5.2 Africa
11. Calcined Petroleum Coke Market- Entropy
    11.1 New Product Launches
    11.2 M&A’s, Collaborations, JVs and Partnerships
12. Market Share Analysis Premium
    12.1 Market Share by Country- Top companies
    12.2 Market Share by Region- Top companies 
    12.3 Market Share by type of Product / Product category- Top companies
    12.4 Market Share at global level- Top companies
    12.5 Best Practices for companies
13. Calcined Petroleum Coke Market- List of Key Companies by Country Premium  
14. Calcined Petroleum Coke Market Company Analysis
    14.1 Market Share, Company Revenue, Products, M&A, Developments   
    14.2 Company 1
    14.3 Company 2  
    14.4 Company 3
    14.5 Company 4
    14.6 Company 5
    14.7 Company 6
    14.8 Company 7
    14.9 Company 8
    14.10 Company 9
    14.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"