Global Calcined Petcoke Market By Grade (Anode Grade and Needle-Grade), By Application (Metals, Paint & Coatings, Fertilizer and Others) Growth, Future Prospects & Competitive Analysis, 2016 – 2030

Key Highlights of the report

How are the major segments performing in the Calcined Petcoke market?

• Due to its outstanding physical and electrical conductivity, the anode grade sector had the major share of the market in 2021.
• According to revenue share in 2021, the metals segment dominated the market and is anticipated to develop at the highest rate.

What is the Calcined Petcoke Market Size in value?

The global calcined petcoke market is anticipated to grow at a substantial CAGR of 5.3% in the upcoming years. The global calcined petcoke industry was estimated to be worth USD 2.7 billion in 2021 and was expected to be worth USD 3.7 billion by 2028.

Which region dominated the calcined petcoke market?

Due to increased demand from the building industry, Asia Pacific held the lion’s share of the market in 2021. Due to the region’s growing urbanization and population, the primary factor propelling the global market for calcined petroleum coke is the increase in construction spending in the Asia Pacific region, particularly in China, India, Japan, and Thailand. Due to the growth of the metal industry and rising investment in oil and gas refineries, North America is also a major region for the calcined coke market. Due to the increasing installation of delayed coker units along the Mid-West and Gulf Coast area, the US holds the lion’s share of the North American market.

How is US Market Performing in the calcined petcoke market?

Calcined petcoke is anticipated to have a significant market in the US. The demand for calcined petcoke is anticipated to increase throughout the forecast period due to the expansion of the automotive industry, rising building activity, and the substantial presence of oil & gas refineries in the area. Due to the region’s concentration of medium- and small-scale calcined petcoke producers, the demand for the product is also rising in the paint and coatings sector.

What is the competitive environment of the calcined petcoke market?

Major industry players are developing unique manufacturing procedures for intermediate-grade needle coke to improve its qualities and make it appropriate for many uses. Technological advancements aim to streamline procedures and broaden the uses of calcined petcoke.

Executive Summary

What are the key trends in the calcined petcoke market?

• The demand for calcined petcoke is projected to be impacted by the rising global imports and exports during the forecast period.
• It is anticipated that increasing steel output in the Middle East, Africa, and Asia Pacific’s growing economies will impact the demand for CPC.

What is the market scenario in the Calcined Petcoke Market?

The byproduct of a crude oil refinery’s coker unit is calcined petroleum coke (CPC). It is principally employed in producing anodes for smelting aluminum, steel, and titanium. Due to the rising availability of crude oil worldwide, the global market for calcined petroleum coke is expanding quickly. Aluminum, paints, coatings, and colorings are just a few products that use calcined petroleum coke as a feedstock. Calcined petroleum coke is a solid substance of nonvolatile inorganic chemicals, metals, and carbon. It has a dark color. It has several benefits, including low toxicity and safe handling, transportation, and storage.

Which are the key investments by the calcined petcoke market players?

The Sohar Freezone is expected to host the opening of Oman’s first petroleum coke calcining (CPC) factory in November 2021. The Sanvira Carbon FZC has benefited from this plant, and an investment of around USD 150 million has been made. Chevron Corporation purchased Noble Energy, Inc. on October 5, 2020. Chevron Corporation engages in the exploration, production, and transportation of crude oil and natural gas and the production and retailing of petrochemicals and additives. Following a direct hit by Hurricane Laura in August 2020, Rain Carbon Inc. began calcination and energy production at its Lake Charles facility in Louisiana, United States, on November 4, 2020.

Some major calcined petcoke market players are Oxbow Corporation, Atha Group, Rain Industries Limited, HPCL-Mittal Energy Limited (HMEL), Essar Oil Ltd., Henze International LLC, BP, Chevron Corporation, and ArcelorMittal.

What are the Major Driving Factors for the Calcined Petcoke Market Growth?

The rise in demand for petroleum coke in the steel industry, advancements in the cement and power generation sectors, an increase in the supply of heavy oils globally, and supportive government initiatives regarding a sustainable and environmentally friendly environment are the main factors propelling the growth of the calcined petcoke market.

The primary driver propelling the global market for calcined petcoke is an increase in construction spending coupled with a rise in the demand for pre-engineered buildings (PEB), particularly in the emerging economies of Asia Pacific, including China, India, Japan, and Thailand, among others. Over the forecast period, economic growth and population growth in these economies are likely to have a further positive impact on the development of the global market.

What are the Major Risks for the Calcined Petcoke Market?

However, as crude oil distillates and residues are the main sources of calcined petcoke obtained from the petroleum industry, the prohibition on coal mining is anticipated to hinder the supply, leading to a supply constraint in the industry. Petcoke prices fluctuate like crude oil prices, which has occasionally caused manufacturers to suffer unanticipated losses.

Which is the key grade in the calcined petcoke market?

Anode-grade calcined petcoke is a low-quality product with a high carbon content known as raw petcoke (RPC) or green petroleum coke (GPC). It is employed as a carburizing agent to balance the carbon content during steel production and is anticipated to hold a market share of roughly 20%.

Compared to anode grade, needle petroleum coke, often known as needle petcoke, is a premium-grade calcined product. Due to its physical characteristics and electrical conductivity, it contains crystals that resemble needles and is used to make electrodes for the steel industry. By being used to make the graphite electrodes used in electric arc and induction furnaces, needle coke indirectly aids in the production of steel.

How is the calcined petcoke market performing in regions?

As a result of urbanization and industrialization in rising economies like India, China, and South-East Asian nations, Asia-Pacific held the greatest market share of the global market for calcined petcoke in 2021. During the forecast period, it is anticipated that factors such as rising automobile production, infrastructure development, and an increase in the number of manufacturing industries in the region will increase demand for metals such as aluminum, steel, and titanium.

In terms of volume, the European regional market has a sizable market share and is anticipated to develop strongly over the next years. The demand for calcined petcoke in the area is anticipated to be fueled by the need for advanced high-strength steel among the major automakers in the area. The market for calcined petcoke is also anticipated to increase due to the rising demand for lightweight metals in the aerospace industry and the rising need for aluminum. With the rise in demand for steel in the construction and automotive industries, the markets in Latin America, the Middle East, and Africa would experience rapid growth.

What are the major players planning for the future of the calcined petcoke market?

Oil and gas producers, including BP, Chevron Corporation, and Indian Oil Corporation Ltd., are the main stakeholders in the calcined petcoke business. These participants work together at all three phases of the value chain, from the production of raw materials to the supply and distribution of calcined petcoke to the participants in the end-use industries.

Segmentation of Global Calcined Petcoke Market-

Global Calcined Petcoke Market – By Grade

• Anode Grade
• Needle-Grade

Global Calcined Petcoke Market – By Application

• Metals
• Paint & Coatings
• Fertilizer
• Others

Global Calcined Petcoke Market – By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-east Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa