Global Petroleum Coke Market to Reach $44.8 Billion by 2030
The global market for Petroleum Coke estimated at US$26.9 Billion in the year 2023, is expected to reach US$44.8 Billion by 2030, growing at a CAGR of 7.6% over the period 2023-2030. Fuel Grade Coke, one of the segments analyzed in the report, is expected to record 7.7% CAGR and reach US$34.2 Billion by the end of the analysis period. Growth in the Calcined Coke segment is estimated at 7.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $7.1 Billion, While China is Forecast to Grow at 11.2% CAGR
The Petroleum Coke market in the U.S. is estimated at US$7.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$11 Billion by the year 2030 trailing a CAGR of 11.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 6.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.
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