Global Calcined Petcoke Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Calcined Petcoke Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Calcined petroleum coke is a high purity carbon material produced by heating green petroleum coke to drive off moisture, volatile matter, and impurities and to increase its electrical conductivity.

Market Overview:

The latest research study on the global Calcined Petcoke market finds that the global Calcined Petcoke market reached a value of USD 15621.39 million in 2022. It’s expected that the market will achieve USD 20249.85 million by 2028, exhibiting a CAGR of 4.42% during the forecast period.

Before the outbreak of the epidemic, globalization had closely linked and interdependent industrial chains. To curb the spread of the epidemic, most economies in the world have generally adopted unprecedented prevention and control measures. The free movement of people and production factors around the world has been restricted, and production in some countries has stagnated. In addition, unfavorable factors such as sharp fluctuations in the crude oil market and violent financial market fluctuations have compounded the impact, which has exacerbated the risk of breaking the global industrial chain.

The epidemic has severely impacted the real economy of all countries in the world. The shutdown of some industrial chains has led to a large number of unemployment, reduced income has led to shrinking demand, and the industrial chain crisis has spread from the supply side to the demand side. The simultaneous shrinking of supply and demand will further aggravate the impact on the industrial chain, and the global economy may fall into a long-term recession.

Countries are also responding differently to the COVID-19 pandemic, with the US's regulatory measures not so severe so far, and demand for gasoline and diesel is expected to decline only modestly. Low crude prices will lower production costs for large integrated refineries in the United States, giving them an incentive to expand production. However, due to the impact of the pandemic, the global economy is currently suffering from a lack of demand, limiting the expansion of us refineries.

In the post-epidemic period, transportation pressure decreases, refinery production and sales gradually recover, petroleum coke price rises high, cost support is strong, downstream traders and carbon industry have good purchasing enthusiasm, calcined petroleum coke output release slowly, and the price maintains stable operation in the short term.

New product development

Key players such as Rain industries, Oxbow, etc. are focusing on Research and development activities for improvement in the quality and different blending for cost-effective products. This trend is expected to create lucrative opportunities for market growth. At the same time, some companies have also solved the problem of waste heat recovery from high temperature calcination, and successfully carried out research and development of low temperature waste heat seawater desalination technology and waste heat power generation technology.

Health and Environmental issues

Concerns have been raised about the potential effects of calcined petroleum coke on human health and the environment. These impacts may arise during various stages of calcined petcoke’s life cycle, including its production, handling, storage, transportation, combustion, use, and disposal.

The ATSDR analysis of calcined petcoke’s particulate effects found a potential for a “health threat to sensitive individuals and to those with pre-existing respiratory illnesses” on poor air quality days. The waste gas (mainly sulfur dioxide), waste water, waste residue (basically no typical industrial waste residue, mainly unqualified calcined petroleum coke) and noise (mainly from electromagnetic vibration feeder, coke crusher and other equipment) generated in the production process will pollute the environment, and the market has strict environmental regulations.

Region Overview:

In 2022, the share of the Calcined Petcoke market in Asia Pacific stood at 61.62%.

Company Overview:

Oxbow Corporation, Rain Industries Limited, BP, PetroCoque and Aluminium Bahrain are the five key players in the global Calcined Petcoke market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Calcined Petcoke market in the past 5 years.

Oxbow Corporation

Oxbow Carbon LLC is one of the world's largest recyclers of refinery and natural gas byproducts. Oxbow upgrades, handles, transports and sells petroleum coke into markets where it can be used to produce aluminum, steel, electric power, cement and other critical products for the world economy.

Rain Industries Limited

Rain Industries Limited (RAIN) is one of the world's largest producers of calcined petroleum coke, coal tar pitch and other high-quality advanced materials. RAIN continues to grow through capacity expansions and mergers and acquisitions across the world. RAIN operates in three key business verticals: carbon, advanced materials and cement.

Segmentation Overview:

By type, Merchant Producers segment accounted for the largest share of market in 2022.

Merchant Producers

This type constitutes of majority of the CPC (Calcined Petroleum Coke) plants. In this type, manufacturer sources GPC (Green Petroleum Coke) from refineries and make CPC. In order to have good and consistent quality of CPC, smelters prefer merchant calciners.

Refineries

CPC is also produced by crude oil refineries who are forward integrated. They already produce Anode grade GPC and has set plant to produce CPC.

Smelters Integrated

Aluminum Smelters have their own CPC plants used for captive consumption and the surplus is sold in the market. It constitutes a very less portion of the total calcining facilities globally.

Application Overview:

The market's largest segment by application is the segment Aluminum, with a market share of 82.05% in 2022.

Aluminum

The main use of CPC is in the production of anodes for the Aluminum Smelting process. The reason for use in the Aluminum Industry is for conductivity.

TiO2

Another use for CPC is TiO2 production. The reason for use in TiO2 is for its oxidizing effect.

Steel

Metallurgical Industry is the remaining major area where CPC is used. The reason for use in Metallurgical Industry is the high Fixed Carbon level (low ash level) and moderate sulfur levels.

Key Companies in the global Calcined Petcoke market covered in Chapter 3:

Atha Group
BP
Oxbow Corporation
Indian Oil Corporation Ltd
Rain Industries Limited
PetroCoque
GOA Carbon
Sinoway
Aluminium Bahrain
India Carbon Limited
NingXia Wanboda Carbons and Graphite
Weifang Lianxing New Material Technology Co., Ltd
Shandong Zhongyang New Material Technology Co., LTD

In Chapter 4 and Chapter 14.2, on the basis of types, the Calcined Petcoke market from 2018 to 2029 is primarily split into:

Merchant Producers
Refineries
Smelters Integrated

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Calcined Petcoke market from 2018 to 2029 covers:

Aluminum
TiO2
Steel
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)