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forecast period at a single-digit CAGR of X.X%.
Petroleum coke also known as pet coke, is a solid rock byproduct of crude oil. Crude oil is processed into
diesel, jet fuel
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process of coking, which produces transformation fuel and petroleum coke.
Petroleum coke can be used as an alternative cost-effective fuel.
Major factors driving growth of the global petroleum market are increasing global
energy demand and use of petroleum coke as a source of energy to power plants
and generate electricity. In addition, rapid growth of the construction and
cement industry in various economies is propelling demand for petroleum coke as
it can be a source of carbon and this demand is expected to rise during the
forecast period. Furthermore, increasing application of petroleum coke in paint
and coloring industry to produce titanium dioxide
Authentic Buster Posey Jersey , in paper industry and fertilizers to produce urea and ammonia nitrate is further driving growth of the global petroleum coke
market. Moreover, petroleum coke is easy to produce, cost effective, and can be
easily transported as it is a stable fuel.
In spite being a stable fuel, on combustion it releases more carbon dioxide (CO2) per unit of energy as compared
to normal coal owing to its high carbon content, which is major factor hampering
growth of the global petroleum coke market. Petroleum coke is a major
contributor to formation of greenhouse gases. Petroleum coke, being an
alternative cost-effective fuel with higher calorific value
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The market in North America is expected to witness considerable growth as compared to markets in other regions in the global
petroleum coke market during the forecast period. The market in Europe is
projected to register highest growth rate in terms of revenue generation during
the forecast period. The market in Asia Pacific is expected to register a
significantly high revenue growth rate over the forecast period, owing to high
demand for petcoke from emerging economies such as India and China.
Key players in the global petroleum coke market include Chevron Corporation, Essar
Oil, BP Plc, HPCL, ExxonMobil Corporation, Indian Oil Corporation
Limited
Authentic Brandon Belt Jersey , Saudi Arabian Oil, Reliance Industries, Chevron Corporation, and Royal Dutch Shell.
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