Ceaseless
energy needs of the cement and energy industries in the developing
nations of Asia Pacific will lead the global petroleum coke (petcoke)
market to reach new heights till 2020, says Transparency Market
Research (TMR). The report states that the global petroleum coke
market will exhibit a CAGR of 8.5% from 2014 to 2020 for the market
to reach a valuation of US$24.11 bn by 2020 increasing from US$13.28
bn in 2013.
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the full Petroleum Coke Market report at :
http://www.transparencymarketresearch.com/petroleum-coke-market.html
The
report states that, presently, petcoke trade is swinging east due to
the heavy demand for fuel grade coke in the industrializing countries
of Asia Pacific. In this region, China and India are exhibiting
sizeable demand for petcoke due to the unprecedented demand for power
to run these industries.On the contrary, pollution-causing traits and
the environmental concerns about the same are not encouraging the
utilization of petcoke. Thus, the growth of the market is negatively
affected. Nevertheless, to counter this, market participants can
engage in gasification of petcoke, which will lead to the production
of clean power and increase profit margins in return.
The
report divides the global petcoke market in the basis of product
type, end-use, and region. By product type, fuel grade and calcined
coke are the segments of the market. Between the two, it is the fuel
grade product type that will lead the market during the forecast
period. In 2013, fuel-grade petcoke held more than 72.0% of the
overall market, whereas calcined type held 26.0% of the market. This
is mainly due to its cost-effectiveness in comparison with coal and
natural gas. Fuel grade petcoke also has the advantage of high
calorific value in comparison with natural gas and coal.
However,
increasing aluminum production will boost the demand for calcined
petcoke during the forecast period, says the report. Calcined petcoke
is also used in paints and coatings, steel, paper, and fertilizers,
which will boost the demand for the product in the coming years.
Currently,
Asia Pacific is the dominant region for petroleum coke. In 2013, the
region contributed almost 32% of the revenue of the global market.
This is attributed to the massive demand for petcoke from India and
China. In these countries, the power and cement industries account
for bulk consumption of petcoke.
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In
the same year, at 24%, Europe held slightly less than a quarter of
the global market for petroleum coke, adds the report. However, Asia
Pacific and Europe will register the highest growth rate in the
global petroleum coke market during the report’s forecast period,
which will be the target regions for companies operating in this
market.
The
report mentions and profiles the top companies that operate in the
global petcoke market, namely BP Plc, Chevron Corporation, ExxonMobil
Corporation, Saudi Arabian Oil Company, Valero Energy Corporation,
Essar Oil Ltd, Indian Oil Corporation Limited, Reliance Industries
Limited, and Royal Dutch Shell Plc.
The
global petroleum coke market has been segmented in the following
ways:
Petroleum
Coke Market: Product Type Analysis
- Fuel Grade Coke
- Calcined Coke
Petroleum
Coke Market: End Use Segment Analysis
- Calcining
- Power Plants
- Cement Kilns
- Blast Furnace
- Others
Petroleum
Coke Market: Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
Browse
Article Of Petroleum Coke Market :
http://www.transparencymarketresearch.com/article/petroleum-coke-market.htm
About
Us
Transparency
Market Research (TMR) is a global market intelligence company
providing business information reports and services. The company’s
exclusive blend of quantitative forecasting and trend analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of analysts, researchers, and consultants
use proprietary data sources and various tools and techniques to
gather and analyze information.
TMR’s
data repository is continuously updated and revised by a team of
research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
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