Market Overview:
Petroleum coke is a carbonaceous solid material obtained from oil refinery coker units or other cracking processes. It is used as a cost-effective fuel in numerous applications such as power plants, cement kilns, and production of anodes. Other properties that make petroleum coke advantageous include high calorific value, non-toxicity, easy handling and shipping. It is considered as an economical substitute for coal and helps cut emissions in large-scale industries.

Market key trends:
The petroleum coke market is expected to witness high growth owing to trends such as growing demand for calcined petcoke from aluminum smelting and titanium dioxide industries. Calcined petcoke acts as an essential material for manufacturing processes in these industries due to its high carbon content and cost-effectiveness. With the increasing requirement of aluminum in various end-use applications and expansion of titanium dioxide facilities worldwide, the consumption of calcined petcoke is projected to augment significantly over the forecast period. Further, rising preference for petcoke as an alternative energy source in power generation and cement production will boost the petroleum coke market expansion through 2030.

Key Takeaways

The global Petroleum Coke (petcoke) Market Size is expected to witness high growth, exhibiting CAGR of 5.5% over the forecast period, due to increasing investments in construction sector across Asia Pacific and Middle East regions.

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