#petroleum coke market forecast

[blogaarti]

Petroleum Coke Market 2022-2027 Size, Share, Recent Enhancements And Regional Analysis

Lately, the petroleum coke market has gained noticeable traction all over the world due to its growing demand across the cement and power generation industry. Lower costs associated with electricity production and high calorific value of fuel grade are fuelling the demand for petroleum coke. Moreover, a small amount of petroleum coke can effectively generate a substantial amount of heat. This has surged the demand for petroleum coke at the global level. Considering these aspects, several market players are making robust investments to enhance the production capacity of crude oil. Such a business landscape is giving momentum to the petroleum coke market, creating novel opportunities for growth and expansion.

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 Surge in Crude Oil Production to Create Novel Opportunities Across Global Petroleum Coke Market 

Petroleum coke is extensively used across power generation and cement industries. Notably, a consistent rise in the population across the globe has elevated the demand for electricity and well-developed infrastructure. To suffice this growing demand, several economies are rapidly expanding their cement and power generation capacities. Furthermore, various economies are actively exporting petroleum coke to other parts of the world. Market players are actively collaborating to provide local petroleum coke (petcoke) to fulfil the demand across the market. Consequently, key market entities in the petroleum coke market are prioritizing the production and improvisation of crude oil. Such positive trends are anticipated to create new growth prospects in forthcoming years. Over the forecast period, the amplified crude oil production is expected to facilitate significant market growth.

 Fuel Grade Coke Offers Lucrative Business Opportunities Owing to Lower Costs and Higher Calorific Value 

Throughout the projection period, the fuel grade coke is expected to gain prominence owing to its high calorific value. High calorific value and low-cost availability have extended its usage across the cement and power generation industries, especially in emerging economies. This has propelled the demand for fuel-grade coke across the globe. On the other hand, the industry has also witnessed extensive growth in the usage of calcined coke for producing titanium dioxide. Titanium dioxide is a key component in the production of aluminium, steel, paints and colourings, and fertilizers. In the coming years, increasing demand from the aluminium and steel industries is likely to augment remarkable growth across the global petroleum coke market.

 Asia Pacific Consolidates Strong Foothold in Petroleum Coke Market Amidst Robust Expansion of Cement and Power Industries 

Of late, Asia Pacific has observed sharp spikes in the demand for petroleum coke owing to the concurrent expansion of petroleum refining, cement, and power industries. Aggressive industrialisation and a steady rise in population have opened new avenues for advanced developments. The region has successfully advanced to the forefront of the petroleum coke market due to massive imports and intense infrastructure establishments. On the other hand, Europe is also expected to register paced growth owing to petroleum coke emerging as a notable alternative to natural gas and coal as a fuel.

 Prominent Market Players 

Petroleum Coke Industries Company, Aminco Resources LLC, Oxbow Corporation, Renelux Cyprus Ltd., Marathon Petroleum Corporation, Graphite India Limited, Phillips 66 Company, Suncor Energy Inc., British Petroleum, and Nippon Coke & Engineering. Co., Ltd. are some of the major market players operating in the global petroleum coke market.

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 About Us

Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.

#petroleum coke market #petroleum coke #petroleum coke market trends #petroleum coke market demand #petroleum coke market size #petroleum coke market share #petroleum coke market analysis #petroleum coke market forecast #petroleum coke market growth #petroleum coke market research #petcoke #petcoke market #petroleum industry #solid fuels #oil refining #fairfield market research

[univdatosmarket]

Petroleum Coke Market is expected to grow at a significant rate of around 6% during the forecast period.

#Petroleum Coke Market

[cmfesblog]

Needle Coke Market Insights, 2031will See Strong Expansion through 2031

Needle coke, derived from heavy aromatic feedstock, is a high-quality carbon material primarily used in the manufacturing of graphite electrodes for electric arc furnace steelmaking. It possesses excellent thermal conductivity, low coefficient of thermal expansion, and high mechanical strength, making it indispensable in critical applications such as lithium-ion batteries, aerospace, and semiconductor manufacturing.

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Market Size and Growth: The needle coke market has been experiencing robust growth, fueled by increasing demand from end-use industries and technological advancements in manufacturing processes. The market size is anticipated to witness substantial expansion from 2021 to 2031, driven by rising investments in infrastructure development, growing steel production, and the burgeoning electric vehicle market.

Market Segmentation:By Service Type: Raw Needle Coke, Intermediate Needle Coke, and Finished Needle Coke.By Sourcing Type: Coal-Based Needle Coke and Petroleum-Based Needle Coke.By Application: Graphite Electrodes, Lithium-Ion Batteries, Special Carbon Material, and Others.By Industry Vertical: Steel, Automotive, Electronics, Aerospace, and Others.By Region: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Market Trends:Shift towards petroleum-based needle coke due to superior quality and cost-effectiveness.Increasing focus on recycling and sustainable production practices.Adoption of advanced technologies such as hydrogenation and delayed coking for needle coke production.

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Future Outlook: The needle coke market is poised for continued growth over the forecast period, driven by the expansion of key end-use industries and ongoing research and development activities aimed at enhancing product performance and sustainability.

Competitive Landscape: The needle coke market is characterized by intense competition, with key players focusing on product innovation, strategic partnerships, and geographical expansion to gain a competitive edge. Major companies operating in the market include Phillips 66, Mitsubishi Chemical Corporation, C-Chem Co., Ltd., JXTG Holdings, Inc., and PetroChina Company Limited.

About Us :

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

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Transparency Market Research Inc.CORPORATE HEADQUARTER DOWNTOWN,1000 N. West Street,Suite 1200, Wilmington, Delaware 19801 USATel: [phone]USA – Canada Toll Free: 866-552-3453

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Graphite Electrodes Market 2024-2031: Powering Industrial Innovation

The graphite electrodes market is set to experience significant growth and transformation from 2024 to 2031, driven by the increasing demand for high-quality electrodes across various industries. Graphite electrodes, essential components in electric arc furnaces, play a critical role in the production of steel, aluminum, and other metals, making them indispensable in modern industrial processes.

Graphite electrodes are conductive materials used in electric arc furnaces for melting and refining steel and other metals. These electrodes exhibit high thermal and electrical conductivity, making them ideal for extreme temperature environments encountered in metal smelting and refining processes.

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The graphite electrodes market is projected to witness robust growth during the forecast period, fueled by factors such as growing industrialization, infrastructure development, and advancements in manufacturing technologies. The market’s expansion is also driven by the increasing demand for steel and aluminum in the construction, automotive, and aerospace industries.

Market Segmentation:

By Service Type: Ultra-High Power (UHP), High Power (HP), Regular Power (RP).

By Sourcing Type: Petroleum Coke, Needle Coke.

By Application: Steel Manufacturing, Non-Ferrous Metals, Silicon Metal Production, Others.

By Industry Vertical: Steel, Aluminum, Automotive, Aerospace, Construction, Others.

By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Regional Analysis:

North America: Dominated by the steel industry, driving demand for graphite electrodes in electric arc furnace operations.

Europe: Strong presence of automotive and aerospace industries, fostering demand for graphite electrodes in metal production and fabrication processes.

Asia Pacific: Witnessing rapid industrialization and infrastructure development, fueling demand for steel and aluminum production, driving market growth.

Market Drivers and Challenges:

Drivers:

Growing Demand for Steel and Aluminum in Construction and Manufacturing Sectors Technological Advancements in Graphite Electrode Manufacturing Processes Increasing Use of Electric Arc Furnaces in Metal Recycling and Secondary Steel Production

Challenges:

Volatility in Raw Material Prices, Particularly Needle Coke

Environmental and Regulatory Concerns Regarding Emission Controls in Metal Production

Competition from Alternative Metal Smelting Technologies

Market Trends:

Development of Ultra-High Power Graphite Electrodes for Enhanced Performance and Efficiency

Integration of Digitalization and Automation in Electric Arc Furnace Operations for Improved Productivity

Adoption of Sustainable Sourcing Practices and Recycling Initiatives for Needle Coke

Future Outlook:

The future of the graphite electrodes market looks promising, driven by the increasing demand for steel and aluminum in various end-use industries and the continuous evolution of manufacturing processes. As industries strive for efficiency, sustainability, and cost-effectiveness, graphite electrodes will remain vital components in metal production and fabrication processes.

Key Market Study Points:

Analysis of Technological Innovations and Their Impact on Electrode Performance and Durability

Assessment of Regulatory Landscape and Its Influence on Market Dynamics

Identification of Emerging Applications and Growth Opportunities in Key End-Use Industries

Evaluation of Supply Chain Dynamics and Raw Material Sourcing Strategies

Gain valuable insights into the Graphite Electrodes Market with our comprehensive research report -  https://www.transparencymarketresearch.com/checkout.php?rep_id=23711<ype=S

Competitive Landscape:

The graphite electrodes market is characterized by intense competition, with key players focusing on product innovation, research and development, and strategic partnerships to gain a competitive edge. Major companies in the market include Showa Denko K.K., Graphite India Limited, Tokai Carbon Co., Ltd., HEG Limited, and GrafTech International Ltd.

Recent Developments:

Introduction of Advanced Graphite Electrode Grades for Specific Applications and Operating Conditions

Investment in Research and Development to Develop Sustainable and Environmentally Friendly Electrode Manufacturing Processes

Strategic Collaborations and Partnerships to Expand Market Presence and Product Portfolio

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:

Transparency Market Research Inc. CORPORATE HEADQUARTER DOWNTOWN, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA Tel: [phone] USA – Canada Toll Free: 866-552-3453 Website: https://www.transparencymarketresearch.com 

#Graphite Electrodes

[aerospaceaviation]

Solid Fuel Market In-Depth Analysis of Industry Share, Size, Forecast Report to 2031

The latest report, titled "Global Solid Fuel Market Share, Size and Trends | 2031", by The Insight Partners offers a comprehensive analysis of the Solid Fuel market, which comprises insights based on an in-depth Solid Fuel market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The Solid Fuel market has been growing significantly in recent years, driven by many key factors, such as increasing demand for its products, expanding customer base, and technological advancements. This report provides a comprehensive analysis of the market, includingSolid Fuel market size, trends, drivers and constraints, competitive aspects, and prospects for future growth.

The purpose of this report is to provide valuable insights into market dynamics, enabling users, investors, and business owners to make informed investment decisions. The Solid Fuel market report offers accurate information on different market segments and highlights the top companies operating in each segment.

The authenticity of the data is ensured through verification by industry experts and opinion leaders. The information is gathered through comprehensive primary and secondary research, and it is presented in a well-organized manner using tables, figures, diagrams, and charts to enhance clarity and comprehension of the Solid Fuel market trends.

Our Extensive Research Report Includes:

Solid Fuel Market Forecast- Coverage- Market Size, Share, and CAGR | Forecast by 2031

Market Scope– Aim of the research, A glance at key chapters

Market Dynamics- Drivers, Challenges, Regional Trends, and Market Opportunities

Market Segmentation – Product, Application, End-use Industries, and Regional Growth Prospects.

Market Players – Key Market Players and Strategies

Recent Developments and Innovation in Solid Fuel Market

Regional Framework- Key Regional Markets, Growth Projections

Product Pricing Research and Customer Analysis

Key players covered in this report are Companies Indian Oil Corp Ltd, Elinoil Hellenic Petroleum Company SA, RESORBENT Sro, JH CARBON PTY LTD, Hargreaves (UK) Services Ltd, Essar Global Fund Ltd, BP Plc, Lukoil Oil Co, Valero Energy Corp, Philips 66

Research Methodology:

Most research studies use a combination of both primary and secondary research methods to ensure comprehensive and accurate data analysis. The specific methodology used in a Solid Fuel market research study will depend on various factors such as the research objectives, the target audience, and the available resources.

What is our report scope?

This report is centered around the global Solid Fuel market, with a specific focus on North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. The report classifies the market by manufacturers, regions, types, and applications. It presents a comprehensive view of the current market situation, encompassing historical and projected market size in terms of value and volume. Additionally, the report covers technological advancements and considers macroeconomic and governing factors influencing the Solid Fuel market growth.

On the Basis of Fuel Type this market is categorized further into-

Petcoke/Flexicoke

Anthracite

Metallurgical Coke

and Coal

Key Region/Countries are Classified as Follows:

The following section of the report offers valuable insights into different regions and the key Solid Fuel market players operating within each of them. To assess the growth of a specific region or country, economic, social, environmental, technological, and political factors have been carefully considered. This section also provides readers with revenue and sales data for each region and country, gathered through comprehensive research. This information is intended to assist readers in determining the potential value of an investment in the following regions:

North America (U.S., Canada, Mexico)

Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)

Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)

Latin America (Brazil, Rest of Latin America)

The Middle East and Africa (Turkey, GCC, Rest of the Middle East and Africa)

Rest of the World

Strategic Outlook and TIP Recommendations

Strategic planning is essential to the success of any firm. The strategic advice in this area is essential for investors and enterprises. A company that has a forward-thinking, forward-focused vision endures through good times and bad. Understanding the components of the business environment enables organizations to take strategic actions when and where they are needed.

Author’s Bio:

Ash Paul

Senior Market Research Expert at The Insight Partners

[industryreportsqr]

Petroleum Needle Coke Market ,Size, Market Segmentation and Future Forecasts to 2029

Overview

The  Petroleum Needle Coke Market report, at first, has given a brief understanding of the industry  through  basic overview. This overview includes the market definition, key applications of the product, and the recent manufacturing technology employed for such production. The global Petroleum needle coke  market has been analyzed in detail to gain an understanding of the competitive landscape, key regional status, and recent trends noted in the relevant industry. This analysis also contains the product price margins , along with risk factors that are associated with manufacturers.

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Market Drivers and Restraints

The report has explored several key dynamics that have a solid influence over the Petroleum needle coke  market. This report studied the pricing history, volume trends, and value trends the of the market for the forecast period.Also, the report mentions various market drivers, restraints, as well as opportunities to gain an insightful understanding of the market.

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Detailed Regional Analysis

The global Petroleum needle coke  market has been analyzed in detail on a global as well as a regional level. The report comprises a regional analysis for North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. For each of these regions, the report contains a study of the market extensively, taking the outlook, opportunities, and the recent  trends into consideration.

Research Methodology

To understand the potential of market in a precise manner, the global market has been analyzed according to the  Porter’s Five Force Model structure. Also, the Petroleum needle coke  market has been studied using SWOT analysis, and it highlights various strengths and opportunities, threats, and weaknesses that are associated with the industry.

Key Players

The report has included a profiling of various prominent  players in the market and various trends in the manufacturing landscape and  also identifies some of the new market entrants that are shaping the Petroleum needle coke  market landscape.

About Us

Absolute Market Research, headquartered in Los Angeles, California, United States, is one of the leading market research and intelligence solutions provider companies. Our research reports span across different industries namely automotive, aerospace & defense, chemicals & materials, construction & building materials, energy & power, healthcare, consumer goods, electronics, semiconductors, ICT & media, travel, and more.

With the help of our domain-expert research analysts, we offer thorough analysis & insights into various industrial sectors. Absolute Market Research holds a dynamic position in the market research industry to offer reliable insights to our clients and help them in staying ahead of the competition. Absolute Market Research takes into consideration various aspects of any industry while drafting the syndicate as well as customized study. Our research team will help you in analyzing any industry from 360-degree covering different aspects such as market entry strategies, futuristic opportunities, technological innovation, strategic moves, existing & new market entrants, their business performance, product portfolio, SWOT analysis, and more.

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[marketigrstudy]

#Ireland Petroleum Coke Market #Market Size #Market Share #Market Trends #Market Analysis #Industry Survey #Market Demand #Top Major Key Player #Market Estimate #Market Segments #Industry Data

[chemicalresearchupdates]

Needle Coke Market Size and Share: An In-depth Examination of Market Metrics

The Needle Coke market is estimated to be valued at US$ 2.99 Bn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview:

Needle coke is a specialty type of petroleum coke used in the production of ultra-high power graphite electrodes, which are primarily used in electric arc furnaces for steel production. It has high mechanical strength and electrical conductivity properties essential for graphite electrode production. Needle coke is produced by thermal cracking and isles heating of coal tar pitch or petroleum pitch residue under oxygen-free conditions. Market Dynamics:

The rising demand for needle coke market from the graphite electrode industry is the major factor driving the growth of the market. Graphite electrodes are used for melting scrap steel in electric arc furnaces. With the increasing steel production globally, particularly in developing economies such as China and India, the demand for graphite electrodes has increased substantially over the years. According to World Steel Association, crude steel production increased from 1,808 million tons in 2018 to 1,895 million tons in 2019. This rising steel production is augmenting the demand for needle coke from the graphite electrode industry. Additionally, limited availability of substitutes for needle coke in ultra-high power graphite electrode manufacturing is another factor fueling the needle coke market growth. SWOT Analysis

Strength: Needle coke has high electrical conductivity and chemical resistance which makes it ideal for graphite electrodes used in electric arc furnaces for steelmaking. It has low coefficient of thermal expansion and high dimensional stability at high temperatures. It is available in large piece size suitable for graphite electrodes upto 4.5m in length.

Weakness: Needle coke manufacturing process requires petroleum pitch as raw material. Fluctuations in crude oil prices directly impact the production cost. High capital investment is required to set up needle coke production facilities.

Opportunity: Increasing steel production driven by growth in construction and automotive industries worldwide presents growth opportunity for needle coke. Expanding graphite electrodes manufacturing capacity, especially in Asian countries will drive the demand for needle coke.

Threats: Strict environmental regulations limiting coke oven operations could impact the supply of needle coke. Alternative materials like scrap-based electric arc furnace production may reduce the demand for graphite electrodes.

Key Takeaways

The global Needle Coke market is expected to witness high growth, exhibiting CAGR of 10.% over the forecast period, due to increasing steel production worldwide driven by growth in construction and automotive industries. Regional analysis: Asia Pacific dominates the global needle coke market, accounting for over 50% share of the total market in 2023. China, Japan and India are major consumers as well as producers in the region. Growing steel industry especially in China and India is driving the growth of needle coke market in Asia Pacific. North America is the second largest market for needle coke led by the US. Presence of large automotive industry and shale gas production is fueling the market growth in this region. Key players operating in the Needle Coke market are Baosteel Group, C-Chem Co. Ltd, China National Petroleum Corporation, ENEOS Corporation, Kaifeng Pingmei New Carbon Material Technology Co. Ltd (KFCC), Mitsubishi Chemical Corporation, Phillips 66 Company, PMS Tech (a joint venture of POSCO Chemtech and Mitsubishi Chemical), Seadrift Coke L.P. (GrafTech International), Shandong Jing Yang Technology Co. Ltd, Shandong Yida Rongtong Trading Co. Ltd, Shanxi Hongte Coal Chemical Co. Ltd, and Sinosteel Corporation. The market is highly consolidated with top five players accounting for over 50% of the total production capacity. Key players are focused on capacity expansion plans and long term supply agreements with graphite electrode manufacturers.

#Needle Coke Market #Needle Coke Market Trends #Needle Coke Market Growth

[chemicalindustryresearchpapers]

[pravalika]

Needle Coke Market - Forecast (2023 - 2028)

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. Emerging economies such as China, India and others, is estimated to fuel market demand. Additionally, growing Graphite electrodes demand from aerospace industry is assessed to create opportunities for the market in the coming years. However, frequent fluctuations in crude oil prices is estimated to negatively impact the market growth.

Report Coverage

The report: “Needle Coke Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Needle Coke Industry.

By Type: Petroleum Based and Coal Based.

By Grade: Intermediate, Premium and Super Premium.

By Application: Graphite Electrode, Special Carbon Material, Lithium Ion Battery and Others.

By Geography: North America, South America, Europe, Asia Pacific, and Rest of World.

Key Takeaways

Petroleum based needle coke held a larger market share in 2019, owing to its ability to withstand high-temperature conditions among other factors.

Among all the applications, electrodes accounted for the largest market share in 2019 and is projected to grow at a rate of XX% during the forecast period, 2020-2025.

The demand for lithium-ion batteries as well as growth of the steel industries are some of the key factors, fueling the growth of the needle coke market. 

Asia Pacific dominated the needle coke market with a share of more than XX% in 2019 due to rise in infrastructure and growth of the manufacturing sector.

The prevailing COVID-19 pandemic has severely affected businesses worldwide. As majority of automotive companies and manufacturers have shut down production, the industry operators are likely to witness decline in the demand for needle coke.

Needle Coke Market Segment Analysis - By Type

Petroleum based needle coke held a larger market share in 2019 and is projected to grow at a rate of XX% in the forecast period, 2020-2025. The ability to withstand high-temperature conditions, specifically in steel production, as well as less harmful effect on environment are some of the key properties of petroleum-based needle coke, fueling the market demand. The petroleum needle coke market is primarily driven by demand for graphite electrodes from the steel industry. High demand for steel from industries such as automotive, transport, building & construction, electrical engineering, consumer goods, foil & packaging, machinery & equipment, and others is propelling the steel industry. 

Needle Coke Market Segment Analysis - By Application

Among all the applications, electrodes contributed the largest market share in 2019 and is projected to grow at a rate of XX% during the forecast period, 2020-2025. Graphite electrodes find usage in electric arc furnace (EAF) and ladle furnace (LF) for production of steel, silicon metal production, ferroalloy production, and smelting processes, among others.

Needle Coke Market Segment Analysis - Geography

Asia Pacific dominated the needle coke market with a share of more than 38% in 2019. Development of infrastructural activities in this region, primarily in China, India, and Malaysia. The market dominance of the region is owing to the growing infrastructure and growth of the manufacturing sector. During the forecast period, 2020-2025, the new energy vehicle industry in China is projected to grow rapidly and China's favorable policy about the recycling of resources is estimated to accelerate the development of electric furnaces. China's output of needle coke is projected to be more than 1,300 kilo-ton in 2025, showing a CAGR of XX% between 2020 and 2025.

Needle Coke Market Drivers

Rising demand in steel recycling market

Surging demand in steel recycling is another factor propelling the growth of the global needle coke market in future. Since, needle coke is an important part in steel industry, is projected to witness a solid growth. Rising demand for petroleum-based coke in order to generate energy is projected to drive the market in future. Moreover, beneficial properties of this coke type, such as less breakage, low thermal expansion coefficient, and electric resistance are projected to boost the market growth during the forecast period, 2020-2025.

Surge in demand for of lithium-ion batteries

Increase in use of various automobiles such as electric & hybrid vehicles, rise in demand from electrical & electronics industry are some of the key reasons fueling the demand for lithium-ion batteries. As one of the key components used to manufacture lithium-ion batteries is needle coke, rise in the demand for lithium-ion battery is going to fuel the demand for needle coke.

The lithium-ion battery market was valued $XX billion in 2019, and is forecast to reach $XX billion by 2025, at a CAGR of XX% from 2020 to 2025. High price of lithium-ion batteries is limiting the growth of the market currently, however, multiple advantages associated with lithium-ion batteries are estimated to increase its adoption in the forecast period.

Needle Coke Market Challenges

Fluctuation in crude oil prices

Fluctuation in the entire natural gas and crude oil sector is estimate to negatively impact the growth of needle coke market caused primarily due to gap in demand and supply of needle coke. Moreover, even though the petroleum products are assessed to depict a substantial growth in future, the economic and political instability with respect to the sale of these products is estimated to hamper growth of needle coke market. 

Market Landscape

Increased production of coke to improve the refinery margins, rise in investment are some of the key strategies adopted by players in the needle coke market. The market appears to be fragmented owing to the emergence of several players all over the world. Major players in the needle coke market are Phillips 66, Asbury Carbon Inc., Seadrift Coke L.P., Sumitomo Chemical Company, Mitsubishi Chemical Corp., JXTG Nippon Oil & Energy Corp., Indian Oil Corporation Limited, GrafTech International, Essar, Baosteel Group and Others. 

Acquisitions/Technology Launches

In August 2019, Indian Oil Corporation Limited (IOCL) invested $1.3 billion in expanding its Paradip refinery capacity from 15 million tons per annum (mtpa) to 25 mtpa. 

In April 2019, Sumitomo Chemical Company invested $150 million into a new project at the Changzhou National Hi-Tech District (CND) facility of Sumika Electronic Materials (Changzhou) Co., Ltd.

#Needle Coke Market #Needle Coke Market Size #Needle Coke Market Share #Needle Coke Market Growth #Needle Coke Market Price #Needle Coke Market Forecast #Needle Coke Market Trends

[delicatemagazinedreamer]

Global Petroleum Coke (Petcoke) Market Is Estimated To Witness High Growth Owing To Increasing Demand from Various Industries

The global Petroleum Coke (Petcoke) market is estimated to be valued at US$ 26.87 Bn in 2022 and is expected to exhibit a CAGR of 5.5% over the forecast period of 2023-2030, as highlighted in a new report published by Coherent Market Insights. A) Market Overview: Petroleum coke, also known as Petcoke, is a dark solid carbon material that is produced as a byproduct in the oil refining process. It is a key carbon source used in various industries including cement, power generation, steel, and aluminum, among others. Petcoke possesses several advantages such as high calorific value, low ash content, and affordable cost, which make it a preferred fuel choice for these industries. B) Market Key Trends: One key trend driving the growth of the global Petroleum Coke (Petcoke) market is the increasing demand for cement production. Petcoke is extensively used as a fuel in cement kilns due to its high calorific value and low cost. The rising construction activities across emerging economies have led to a surge in cement production, thereby fueling the demand for Petcoke. For instance, according to the Global Construction Perspectives and Oxford Economics report, the global construction market is expected to reach US$ 8 trillion by 2030. C) PEST Analysis: - Political: Government regulations and policies regarding carbon emissions and environmental concerns can impact the demand for Petcoke. Stringent regulations may lead to a decline in its usage. - Economic: Economic growth and industrial development drive the demand for Petcoke. Increasing investments in infrastructure projects and the growth of key industries such as steel and cement contribute to market growth. - Social: The rising population and urbanization drive the demand for housing and infrastructure, which in turn increases the demand for cement and fuels like Petcoke. - Technological: Technological advancements in the refining process have led to increased production efficiency, reducing the cost of Petcoke. D) Key Takeaways: Paragraph 1 - Market Size Related Content: The global Petroleum Coke (Petcoke) Market Demand is expected to witness high growth, exhibiting a CAGR of 5.5% over the forecast period. The increasing demand from various industries such as cement, power generation, steel, and aluminum is a major driver for market growth. For example, the growing construction activities and infrastructure development in emerging economies like India and China are boosting the demand for Petcoke in the cement industry. Paragraph 2 - Regional Analysis: Asia Pacific is anticipated to be the fastest-growing and dominating region in the global Petroleum Coke (Petcoke) market. The region's rapid industrialization, urbanization, and infrastructure development are driving the demand for Petcoke in sectors such as cement and power generation. Additionally, the presence of major players in countries like China and India further contribute to the market growth in this region. Paragraph 3 - Key Players: Key players operating in the global Petroleum Coke (Petcoke) market include BP Plc, Chevron Corporation, Essar Oil Ltd., ExxonMobil Corporation, HPCL - Mittal Energy Limited, Indian Oil Corporation Limited, Reliance Industries Limited, Royal Dutch Shell Plc, Saudi Arabian Oil Co., and Valero Energy Corporation. These companies are focusing on strategic initiatives such as mergers and acquisitions, partnerships, and product innovations to strengthen their market position. In conclusion, the global Petroleum Coke (Petcoke) market is poised for significant growth due to the increasing demand from various industries. The construction sector's expansion, particularly in emerging economies, is a major driver for market growth. However, government regulations and environmental concerns may pose challenges to market growth. Asia Pacific is expected to be the fastest-growing region, while key players continue to adopt strategic measures to stay competitive in the market.

#Petroleum Coke (Petcoke) #Petroleum Coke (Petcoke) Market #Petroleum Coke (Petcoke) Market Demand #Petroleum Coke (Petcoke) Market Size #Petroleum Coke (Petcoke) Market Growth #Energy

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Galvanized Plain Sheet Price Trend and Forecast

North America

During the third quarter of 2023, the Galvanized Plain Sheet prices in the US market increased, primarily due to limited inventories and the strong downstream automotive industry. After a slow start following the New Year's holiday, demand began to pick up moderately, leading to increased customer inquiries and shipments at service centers. However, buyers were hesitant to stock up on steel products, given the short lead times. The January trade was dominated by mills with larger appetites, leading to increased regional competition. As flat-rolled steelmakers increased their purchasing programs, prime-grade prices rose. The combination of tight supply, rising demand, and a surge in export markets pushed prices higher. Mills booked slightly more than they could produce, implying that deliveries might be delayed until May. Some mills reportedly postponed new bookings while more made bookings for May. Confirmed orders were safeguarded until fully shipped. When mills announced a price increase, it was immediately effective on new orders. Steel mills succeeded in raising prices by USD 400/MT through a series of increases since the end of November. As a result, Hot Dipped Galvanised Sheet (1 mm) prices for Ex Midwest settled at USD 1301/MT.

Asia Pacific

In the Chinese market, the Galvanized Plain Sheet prices showcased an upward momentum in the first quarter of 2023 due to strong downstream automotive inquiries and sufficient inventory. After the Spring Festival holiday, the steel market strengthened, and steel prices continued to rise, indicating a promising start. Coking enterprises resumed relatively smoothly, and steel mills continued to procure on demand. Steel mills halted production for maintenance due to high costs, and output continued to fall, which helped push up steel prices. However, downstream inquiries remained low, and spot market transactions weakened significantly as the wait-and-see sentiment prevailed among traders. Domestic Galvanized Plain Sheet prices in China increased in March due to increased trade activity and eased inventory pressure. Major city inventory decreased while transactions increased significantly due to a favorable macroeconomic environment and falling inventory. Poor profits and rising upstream Cold Rolled Coil Prices suppressed demand from terminals initially, but later, the eased supply pressure and increased terminal demand led to a decline in HDG inventory. As a result, the Hot Dipped Galvanised Sheet (1 mm) prices for Ex Shandong settled at USD 787/MT.

Europe

In the first quarter of 2023, the Galvanized Plain Sheet prices in Germany had risen due to strong order books at local mills, extended lead times, and limited imports. The price increase was supported by a positive market revival in Asia, production cuts across Europe, high energy costs, and a lack of competitive imports. However, negative factors such as reduced end-user demand and consumer resistance to higher prices were observed. The technical issues at Tata Steel's cold-rolling mill in the Netherlands, which caused the mill to declare force majeure, had also contributed to the market's bullish mood. Distributors prioritized purchasing smaller lots of coils as end-user demand remained stable, and consumers rejected high prices. Due to long lead times and uncertainty regarding potential changes in safeguard measures and the sustainability of the upward trend through the summer, European buyers were unable to replace domestic supply with imports. As a ripple effect, the Hot Dipped Galvanised Coil (1 mm) prices for Ex Ruhr (Germany) settled at USD 1073/MT at the end of March.

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#Galvanized Plain Sheet Prices

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Refining Additive Market is expected to offer significant growth at a CAGR of 4.7% during the forecast period 2023-2030 | GE Power & Water, Albemarle Corporation, The Lubrizol Corporation, BASF SE, Dorf-Ketal 

The global Refining Additive market is projected to grow at a CAGR of 4.7% during the forecast period 2023 to 2030.

Market Overview

Refinery additives (RAs) are compounds or chemicals that are added to refinery processes and fuels to make them run better. The performance of fuel is improved to meet the standards that government agencies and authorities set for fuel. Most of the time, these refinery additives are added during the refining process. They can also be used to improve or change the performance of some end products, like motor spirits and diesels. Products that are used as refinery additives are used in many refinery processes, such as reforming, distilling, filling plant processes, process crackers, desulfurization, coking, catalytic reforming, vacuum distilling, and more.Only the oil and gas downstream industry uses these refinery additives. There are many different types of refining additives, such as antioxidants, stabilizers, antifouling agents, antifoaming agents, octane boosters, catalyst regenerators, low flow properties, biocides, cetane number enhancers, and amine solutions. There are also lubricity enhancers and metal deactivators in many products. Refining additives are used in several end-use petroleum products, such as diesel, gasoline, asphalt, and aviation fuel. With the help of refining additives, major players in the downstream are increasing the throughput and productivity of refineries. Different processing methods are used to make these kinds of tablet additives, and they are made in different ways to meet different needs. Click Here For A Free Sample PDF Copy Of The Refining Additive Market Latest Research Before Purchase:

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