IMARC Group, a leading market research company, has recently releases report titled Calcined Petcoke Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028, The study provides a detailed analysis of the industry, including theglobal calcined petcoke market trends, size, share, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the calcined petcoke market?
The global calcined petcoke market size reached US$ 7.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.35% during 2023-2028.
What are the growth prospects and trends in the calcined petcoke industry?
Significant growth in the aluminum industry majorly drives the global market. This can be supported by the escalating demand for aluminum in the automotive and construction sectors. Along with this, the increasing preference toward aluminum, due to its lightweight nature and resistance to corrosion, makes it suitable for use in the manufacture of vehicles, aircraft, and construction materials. With Calcined Petcoke being indispensable in the production of aluminum, the surge in demand for the latter propels the market for the former. Additionally, the rising demand for steel and titanium dioxide in various industries, for which Calcined Petcoke is a key raw material, further positively influences the market. Apart from this, environmental regulations are leading to a reduction in high-sulfur, low-quality crude oil usage, indirectly escalating demand for high-quality Calcined Petcoke. Furthermore, advancements in manufacturing technology and the introduction of greener, more efficient calcining processes are creating a positive market outlook.
Request for a free sample copy of this report:https://www.imarcgroup.com/calcined-petcoke-market/requestsample
What is Calcined Petcoke?
Calcined Petcoke, also known as Calcined Petroleum Coke, is a specially treated high-carbon petroleum product that serves as a key material in industrial applications. Predominantly, its used in the aluminum industry as a vital ingredient in the production of anodes for aluminum smelting. It is produced through a process called coking, where high-sulfur, heavy crude oil is heated under high temperatures, yielding a hard, granular carbon product. This coke is then purified through calcination, heating the coke to a high temperature to eliminate impurities and volatile substances, yielding Calcined Petcoke. Additionally, it is renowned for its high carbon purity, superior electric conductivity, and low thermal expansion coefficient, characteristics that make it an essential component in industries that require precision and durability. As a critical ingredient in the manufacturing of titanium dioxide, steel, and aluminum, Calcined Petcoke plays an integral role in the global industrial production landscape.
What is included in market segmentation?
The report has segmented the market into the following categories:
Market Breakup by Grade:
- Anode Grade
- Needle-Grade
Market Breakup by Application:
- Aluminum
- Steel
- Titanium Dioxide
- Paint and Coatings
- Fertilizer
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Aminco Resources LLC
- Amritesh Industries Pvt. Ltd.
- Asbury Carbons Inc.
- Atha Group
- Garcia Munte Energia SL
- India Carbon Limited
- Oxbow Corporation
- Rain Industries Limited
Browse the full report with TOC List of Figures:https://www.imarcgroup.com/calcined-petcoke-market
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email:sales@imarcgroup.com
Follow us on Twitter: @imarcglobal
LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/
