Global Petroleum Coke Market 2019-2026
Market Overview:
Petroleum coke is derived from a heat-based chemical engineering process that breaks the long chains of hydrocarbons that are present in petroleum to shorter chains. This process occurs in units called coker units whereas the other types of coke are derived from coal. Petroleum coke is also referred to as petcoke and is a solid material that is rich in carbon. Petroleum coke can also be produced when bitumen is processed to form synthetic crude oil. The coke can be either high in metal content and sulfur or can have a low concentration of the materials.
Petroleum coke contains more than 80% carbon than coal and also emits about 5% to 10% more carbon dioxide when it is burnt. The difference between coal and petroleum coke is that the carbon dioxide per unit of weight increases when the coal is moist. The amount of volatile hydrocarbons that are present in coke also determines the quantity of energy that is released when the fuel is burnt. High sulfur content in the coke causes the market value of the product to decrease.
The report on the global petroleum coke market studies the development status of the market and describes the competitive landscape of the product. The recent trends that are currently in use in the market along with the various government policies enacted are mentioned in the report. An analysis of Porter’s Five Forces that includes industry competitors, buyers, suppliers, substitutes, and potential entrants is done and crucial information pertaining to the petroleum coke market is introduced in the report. Further advancements in the field can optimize the performance of the product.
Top Key Vendors:
Shaanxi Coal and Chem, Essar Oil, Nippon Coke& Engineering, CPC, Saudi Aramco, MPC, Minmat Ferro Alloys, Valero Energy, Aminco Resource, Shell, CNPC, Reliance, Luqing Petrochemical, Ferrolux
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Market Segmentation:
The global petroleum coke market is primarily divided into two types based on the different types available and the various applications that they can be used for. According to the percentage of sulphur that is present inside petroleum coke the different types of coke can be categorized into those that have a 0% to 5% of sulphur, 5% to 6.5% of sulphur, 6.5% of sulphur, 6.5% to 9% percentage of sulphur and those that contain above 9% of sulphur. The different industries that utilize petroleum coke in different capacities are the cement industry, the power industry, and the smelting industry.
Regional Overview:
The global petroleum coke market is divided into different market segments and is analyzed based on the growth rate, market share, revenue earned, consumption and production of the various regions. A forecast from the year 2014 to the year 2026 is also included in the report. The different regions that are included in the report are the Middle East, Africa, Southeast Asia, South America, Central America, Japan, China, India, Europe, and North America. Major countries in each of these regions are also covered and are analyzed in detail. The export and import of petroleum coke in the various regions along with the consumption and production are discussed in detail.
Industry News:
Ukraine’s Shebelinka GPP gas condensate refinery resumed operations after 21-day maintenance which helps ease concerns regarding the diesel shortages faced. This comes after Russia shut down the delivery of diesel oil shipments via pipelines. The refinery is owned by the largest natural gas producer of Ukraine, UkrGazVydobuvannia. Pipelines and valves were replaced while heat exchangers and columns were cleaned.
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