Green Petroleum Coke & Calcined Petroleum Coke Market size is forecast to reach $19.34 billion by 2025, after growing at a CAGR of 8.80% during 2020-2025.
Green Petroleum Coke & Calcined Petroleum Coke Market size is forecast to reach $19.34 billion by 2025, after growing at a CAGR of 8.80% during 2020-2025. Green petcoke is used as a fuel whereas calcined petcoke used as a feedstock for wide range of the products such as aluminum, paints, coatings and colorings, etc.
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Thinking about setting up a business in the steel industry? Well, coking coal is going to be your first business partner for the success of your business. Coking coals are the coals required in the manufacturing process of steel as they are used to produce coke.
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Needle Coke Market size was valued at $3.7 billion in 2019 is forecast to reach $5.3 billion by 2025, after growing at a CAGR of 6.1% during 2020-2025. Needle Coke is a premium grade high value petroleum coke utilized for the manufacturing of the graphite electrodes. The major factor driving the growth of the market studied is rapidly increasing demand from steel manufacturing industry.
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Petroleum coke also known as pet coke is a valued by-product obtained from crude oil refining or purifying units, which is emerging as a perfect alternative for coal, and is generally used for thermal power and electricity generation.
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The global Needle Coke market was valued at 3315.6 million in 2020 and is projected to reach US$ 4115.3 million by 2027, at a CAGR of 5.6% during the forecast period.
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The global Metallurgical Coke market is valued at 142 Billion USD in 2017 and is expected to reach 109 Billion USD by the end of 2024, growing at a CAGR of 4.18% between 2019 and 2024.
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Green Petroleum Coke Market was valued approximately USD 12 Bn in 2017 and estimated to reach a CAGR of about 6% during a forecast period of 2017-2026.
Calcined petroleum coke (CPC) is the product from calcining petroleum coke. This coke is the product of the coker unit in a crude oil refinery. The calcined petroleum coke is used to make anodes for the aluminium, steel and titanium smelting industry.Under the background of slower economy growth rate, companies face the higher risks of profit decline. Currently, calcined petroleum coke market has a certain potential in Europe, North America and Asia. These areas demand are relatively stable. During these years, China's calcined petroleum coke industry maintains a rapid growth.
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Global Petroleum Coke (fuel-grade) market research report by Application ( Cement, Power Plant, Brick and Glass, Paper and Pulp,Foundaries), By Region Forecast to 2025
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