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Petcoke Market Analysis, Competitive Strategies and Forecasts to 2024

A detailed overview of Petcoke market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Petcoke market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Increasing investments toward industrialization across developing economies coupled with growing demand for cost efficient and reliable alternate fuels will drive the global petcoke market size. In 2016, Egypt?s Arabian Cement announced to invest USD 9 million for constructing a petcoke mill with an aim to reduce the overall operating costs by lowering the freight rates of the product. Rapid urbanization with ongoing measures to mitigate carbon emissions will further augment the business landscape.

For Europe, Russia petcoke market is projected to exceed 5.5 MMT by 2024. Positive outlook towards steel and aluminum industries along with increasing number of power generating stations will stimulate the product demand. Ongoing modernization and expansion of existing refineries will further complement the industry landscape.

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Petcoke Market size will exceed USD 25 billion by 2024, as reported in the latest study

Petcoke Market Analysis, Competitive Strategies and Forecasts to 2024
Petcoke Market Analysis, Competitive Strategies and Forecasts to 2024

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Low operational cost with reduced carbon emissions are some of the imperative features which will foster the petcoke market growth. Low volatile content of the product requires blending with coal when used as a fuel. The blend constitutes 20% to 30 % of petroleum coke which helps to reduce the operating cost by USD 120 million in a 1000 MW coal power plant.

Growing demand for environment friendly fuel to enhance boiler efficiency will stimulate the petcoke market size. Stringent government norms to reduce NOx and trace metal emission will further complement the industry growth. In 2016, EU introduced Directive 2016/2284/EU to curb air pollutant emissions including VOC, ammonia, sulfur dioxides, NOx and fine particulate matters by 2030.

U.S. petcoke market size will grow owing to growing investment towards expansion of coker units. In 2016, McPherson refinery announced to invest USD 579 million for multiyear coker replacement project to refine cheaper high density and large sulfur content crude oils. Increasing import for heavy crude oil from the U.S. refineries along with rising demand for value added refined products will further augment the business.

Calcined petcoke market will grow on account of rising demand for manufacturing of graphite electrodes and anodes from steel and aluminum industries. Low sulphur content and superior fuel properties are some of the key parameters which will stimulate the product penetration.

Mexico petcoke market consumption in 2016 was over 6 MMT. Burgeoning demand for clean fuel from power plant and cement industries along with strict government regulations to reduce air pollution will propel the business growth. In 2014, Isolux and Alstom signed an agreement with Federal Electricity Commission (CFE) to convert 158 MW of fuel oil units to petroleum coke at the Altamira power station.

Major Highlights from Table of contents are listed below for quick lookup into Petcoke Market report

Chapter 1. Competitive Landscape

  • Company market share
  • Petcoke Market Competitive analysis of key market players
  • Competitive analysis of other prominent vendors

Chapter 2. Company Profiles

  • Business Overview
  • Financial Data
  • Product portfolio
  • Strategic Outlook
  • SWOT Analysis

Chapter 3. Methodology & Scope

  • Methodology
  • Initial data exploration
  • Petcoke Market Statistical model and forecast
  • Industry insights and validation
  • Petcoke Market Scope
  • Definition
  • Methodology and forecast parameters
  • Data Sources

Chapter 4. Executive Summary

  • Petcoke industry 360º synopsis - 2025
  • Petcoke Business trends
  • Region trends

Chapter 5. Petcoke industry Insights

  • Petcoke Industry segmentation
  • Industry landscape 2025
  • Industry Pitfalls and Challenges
  • Threat of new entrants
  • Threat of substitutes
  • Petcoke Market Growth potential analysis

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