Pune, India, September 2023, MRFR Press Release/- Market Research Future has Published a Half-Cooked Research Report on the Global Calcined Petcock Market.
MRFR recognizes the following companies as the key players in the global Calcined Petcoke market— Rain Carbon Inc, Metso Corporation, Atha Group, Essar, India Carbon Limited, Aminco Resources LLC, IOCL, Oxbow Corporation, Bharat Petroleum Corporation Limited, Sanvira Carbon FZC LLC, Amritesh Industries Pvt. Ltd, and Garcia Munte Energia SL.
Calcined Petcock Market Highlights
The global Calcined Petcoke Market is accounted to register a CAGR of 5.00% during the forecast period and is estimated to reach USD 3.6 Billion by 2030.
The calcined petcoke market refers to the global industry for processed petroleum coke that has undergone high-temperature treatment to remove impurities. It is primarily used in the production of aluminum, steel, and other industrial applications.
Segment Analysis
The global Calcined Petcoke market has been segmented based on Grade and Application.
On the basis of Grade, the market is segmented into Anode Grade, and Needle-Grade. In terms of revenue, the Anode Grade segment dominated the Calcined Petcoke Market in 2022. Needle-Grade calcined petcoke is used to make graphite electrodes, whereas Anode Grade calcined petcoke is largely employed in the manufacturing of aluminium.
Based on Application, the global Calcined Petcoke market has been segmented into Aluminum & Steel, Titanium dioxide, Paint & Coatings, fertilizers and others. In 2022, the aluminium and steel category led the market. From 2023 to 2030, it is anticipated to develop at a quicker rate. Due to the significant demand for the product in these industries as a result of its high carbon and low ash content, which makes it an appropriate fuel source for high-temperature applications, the aluminium and steel industries dominate the market for calcined petcoke.
Regional Analysis
The global Calcined Petcoke market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Calcined Petcoke market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Calcined Petcoke market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Calcined Petcoke market comprises of Middle East, Africa, and Latin America.
The Asia-Pacific Calcined Petcoke Market dominated this market in 2022. In 2022, the aluminium and steel category led the market. From 2023 to 2030, it is anticipated to develop at a quicker rate. Due to the significant demand for the product in these industries as a result of its high carbon and low ash content, which makes it an appropriate fuel source for high-temperature applications, the aluminium and steel industries dominate the market for calcined petcoke.
Additionally, The third-largest market share belongs to the Calcined Petcoke market in Europe. The market for calcined petcoke is expanding in Europe as a result of more attention being paid to greenhouse gas emissions reduction and the adoption of cleaner fuels. The adoption of calcined petcoke as a fuel source has also been promoted by the favourable government policies and regulations, such as the European Union's emission reduction targets, which is fueling the market expansion. The market in Europe is also expanding as a result of the rising research and development expenditures made to create ecologically friendlier and more effective methods for calcined petcoke production and consumption.
Moreover, The Calcined Petcoke Market in North America is anticipated to expand at the quickest CAGR between 2023 and 2030. The development of the calcined petcoke market in North America has also been aided by the availability of a developed infrastructure and cutting-edge technologies.
Key Findings of the Study
- The global Calcined Petcoke market is expected to reach USD 3.6 Billion by 2030, at a CAGR of 5.00% during the forecast period.
- The Asia-Pacific Calcined Petcoke Market dominated this market in 2022. In 2022, the aluminium and steel category led the market. From 2023 to 2030, it is anticipated to develop at a quicker rate.
- Based on Application, . In 2022, the aluminium and steel category led the market.
- Rain Carbon Inc, Metso Corporation, Atha Group, Essar, India Carbon Limited, Aminco Resources LLC, IOCL, Oxbow Corporation, Bharat Petroleum Corporation Limited, Sanvira Carbon FZC LLC, Amritesh Industries Pvt. Ltd, and Garcia Munte Energia SL.
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Base Year | 2023 |
Companies Covered | 15 |
Pages | 140 |
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