Global Petroleum Coke (Petcoke) Market Growth 2025-2031

Global Petroleum Coke (Petcoke) Market Growth 2025-2031

The global Petroleum Coke (Petcoke) market size is predicted to grow from US$ 21180 million in 2025 to US$ 29870 million in 2031; it is expected to grow at a CAGR of 5.9% from 2025 to 2031.

Petcoke (often abbreviated pet coke or petcoke) is a carbonaceous solid delivered from oil refinery coker units or other cracking processes. Coking processes that can be employed for making petcoke include contact coking, fluid coking, flexicoking and delayed coking. Other coke has traditionally been delivered from coal.

Petroleum coke industry is a relatively fragmented industry. Currently, there are many producing companies in the world petroleum coke industry. The main market players are Sinopec, ExxonMobil, CNPC, Shell, Marathon Oil, Rosneft and Saudi Aramco.

Petroleum coke is a by-product of petroleum refining, mainly produced by processes such as cracking and coking of petroleum. It has the appearance of a black or dark gray solid, with the characteristics of high calorific value, low ash content, and low sulfur content, so it is widely used in metallurgy, chemical industry, power and other fields.

In recent years, with the recovery of the global economy and the upgrading of industrial structure, the production capacity and output of petroleum coke have been growing steadily. As the world's largest producer of petroleum coke, China's output and market size dominate the world. The supply side of petroleum coke is affected by many factors, including the maintenance plan of the refinery, the supply of raw materials, and production costs. For example, when the refinery is under maintenance, the output of petroleum coke may be affected. In addition, the tight supply of raw materials or rising costs may also lead to a reduction in the supply of petroleum coke.

In recent years, countries have strengthened environmental protection supervision and strictly restricted traditional steel production methods, prompting steel companies to improve their technical level and adopt more energy-saving and environmentally friendly production processes. This will increase the demand for higher quality and low-sulfur petroleum coke and promote the development of the high-end petroleum coke market.

In summary, the petroleum coke market is a field full of opportunities and challenges. In the future, with the recovery of the global economy, the upgrading of industrial structure, the promotion of environmental protection policies and the guidance of technological innovation, the petroleum coke market will present a broader development prospect.

LP Information, Inc. (LPI) ' newest research report, the “Petroleum Coke (Petcoke) Industry Forecast” looks at past sales and reviews total world Petroleum Coke (Petcoke) sales in 2024, providing a comprehensive analysis by region and market sector of projected Petroleum Coke (Petcoke) sales for 2025 through 2031. With Petroleum Coke (Petcoke) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Petroleum Coke (Petcoke) industry.

This Insight Report provides a comprehensive analysis of the global Petroleum Coke (Petcoke) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Petroleum Coke (Petcoke) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Petroleum Coke (Petcoke) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Petroleum Coke (Petcoke) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Petroleum Coke (Petcoke).

This report presents a comprehensive overview, market shares, and growth opportunities of Petroleum Coke (Petcoke) market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Needle Coke Type
Shot Coke Type
Sponge Coke Type
Honeycomb Coke Type
Others

Segmentation by Application:
Power
Cement
Aluminum
Steel
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Shell
Valero Energy
ConocoPhillips
Marathon Petroleum Corporation
Asbury Carbons
ExxonMobil
Aminco Resources
Carbograf
British Petroleum
LuxCarbon GmbH
Mitsubishi
Sumitomo
Nippon Coke & Engineering
Indian Oil
Atha
Essar Oil
Minmat Ferro Alloys
Rain Industries
Reliance
Aluminium Bahrain
Saudi Aramco
Sinopec
CNPC
CNOOC
CPC
Landbridge Group
Shaanxi Coal and Chem
Luqing Petrochemical

Key Questions Addressed in this Report

What is the 10-year outlook for the global Petroleum Coke (Petcoke) market?

What factors are driving Petroleum Coke (Petcoke) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Petroleum Coke (Petcoke) market opportunities vary by end market size?

How does Petroleum Coke (Petcoke) break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.