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

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

Coke is a fuel with a high carbon content and few impurities, usually made from coal. It is the solid carbonaceous material derived from destructive distillation of low-ash, low-sulphur bituminous coal. Cokes made from coal are grey, hard, and porous. While coke can be formed naturally, the commonly used form is synthetic. The form known as petroleum coke, or pet coke, is derived from oil refinery coker MT or other cracking processes.

Market Overview:

The latest research study on the global Foundry Coke market finds that the global Foundry Coke market reached a value of USD 6334.54 million in 2022. It’s expected that the market will achieve USD 7428.9 million by 2028, exhibiting a CAGR of 2.69% during the forecast period.

Drivers

With the development of economy, the improvement of production technology, the improvement of production efficiency, the use of advanced equipment, which make the production of casting coke are more efficient and higher quality. At the same time, with the development of the downstream, automobile and aircraft infrastructure and other industries are dealing with mechanical casting and material processing, smelting industry, etc., demand continues to increase, casting coke will usher in the growth trend in the future.

Opportunities

Improve performance
With the progress in science and technology, investment of companies, there will be more opportunities in Foundry Coke, and more cost effective, high performance products in the future.

Emerging countries

For example, China, India are developing their industries, with the progress of economy and technology, the market of Foundry Coke has great market potential.

Region Overview:

China had the highest growth rate of all regions.

Company Overview:

Shandong Coking Group is one of the major players operating in the Foundry Coke market, holding a share of 6.31% in 2018.

Shandong Coking Group Qingdao Co. Ltd. mines and distributes coal products. The Company produces lean coals, coke coals, anthracite coals, bituminous coals, and other products.

OKK Koksovny, a.s. is the largest producer of foundry coke in Europe. The Company operates one plant in the City of Ostrava - called 'Svoboda' facility.

Segmentation Overview:

Among different product types, 8% ≤ Ash Content ≤ 10% segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Machinery Casting segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Foundry Coke market covered in Chapter 3:

Italiana Coke
Nippon Coke and Engineering
Shandong Sunshine Focal Electric
Shandong Zouping
ABC Coke (Drummond)
ArcelorMittal
Industrial Química del Nalón, S.A.
Jiangsu Surun Highcarbon
Shanxi Coking Coal Group
Walter Energy (Warrior Met Coal)
OKK Koksovny a.s.(New World Resources)
Shandong Coking Group
Shanxi Huifeng Xingye Group
Henan Shenhuo Group Co Ltd
Erie Coke

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

Ash Content ＜8%
8% ≤ Ash Content ＜10%
Ash Content ≥10%

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

Machinery Casting
Material Treatment
Smelting industry
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)