Petroleum Coke Market Technology, Applications, Growth and Region Forecast 2025

Overview:

Petroleum Coke can be obtained while going through the refining process of the oil as its byproduct. Manufacturers and industrialists, across the world, are trying to operate more efficiently by gaining access to more gasoline and other fuel-related products from a barrel of crude oil. The process reveals Petcoke. The product has multifarious application that includes electrodes and anodes. The application also includes as fuel for the metal and brick industries. The Global Petroleum Coke Market is eyeing for a significant hike over the review period of 2018 to 2025. Market Research Future (MRFR) makes statements related to the future market in the Petroleum Coke Market Report with proper backups from analysts.

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Factors like the growth in the construction industry, in cement industry, in power plants, steel, and foundries are expected to influence the Global Petroleum Coke Market. The APAC market is also slated to influence the global market in the coming years with its high traction from diverse industries. However, its anti-environmental impact can curb the natural growth rate.

Competitive Landscape:

The market for Petroleum Coke is replete with companies that are seeking hike in their profit margin. These companies are Nayara Energy Ltd., Indian Oil Corporation Ltd., Royal Dutch Shell PLC, Petrobras, Citgo Petroleum Corporation, Motiva Enterprises LLC., Exxon Mobil Corporation, Valero Energy Corp., Marathon Petroleum Corporation, Phillips 66 Company, and others. MRFR’s reading of the global petroleum coke market includes several strategic changes that these companies have employed in recent years. This would help in the understanding of the Global Petroleum Coke Market Growth.

In August 2019, Numaligarh Refinery, North East India’s largest refiner, announced that they would invest more in Assam region.  The exploration would find a significant hike in the chances of finding petrochemical coke, which would assist associated markets.

Segmentation:

MRFR’s Report has significant focus on a segmentation that includes an application-based analysis of the global market. Such a segmentation would include intense focus on factors that can impress the global market and influence the production. The report is further backed by data to make it even more reliable.

By Application, the Petroleum Coke Market includes brick & glass, cement, power plants, steel, foundries, paper & pulp, and others. The cement segment has the maximum market coverage. In 2017, the market valuation of the segment was USD 10,166.8 Mn, which was around 48 % of the total market valuation. The same trend is expected to continue in the coming years as well. It has the potential to climb up with the highest CAGR during the forecast period. The segment consumed almost 49,000 thousand tons of Petcoke. Meanwhile, the power plant segment had a worth of USD 3,000 Mn in 2017 in terms of Petcoke consumption as it is economical and safe.

Regional Analysis:

The APAC had 56% of the Global Petroleum Coke Market share in 2017 which was of USD 5,700 Mn worth. This is expecting strong growth in the coming years with high urbanization and increasing cement production. Various countries in the region like China and India are maintaining this high intake to support their construction sector and power supply sector. Easy availability of the product and cost affordability are some of the major features to help the market in making an easy ingress in myriad industries. India’s import was recorded as 12.49 million tons of Petroleum Coke in 2017, whereas, China scored 7.20 million tons in 2017.

North America and Europe are trying to curb the application of this product to adhere to various environmental laws. But their production to export has not slackened much. For instance, the US exported around 35.44 million-ton Petcoke in 2017. However, various industries in the region are restricting their intake of Petcoke and moving towards more sustainable sources.

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Petroleum Coke Market Trends, Drivers, Strategies, Applications and Competitive Landscape 2025

Market Highlights:

The Global Petroleum Coke Market is estimated to be valued at USD 35.69 billion by 2023 and record a CAGR of 4.41% during the forecast period. Petroleum coke is a by-product of crude oil refining. Around 75–80% of the Petroleum Coke produced is used as fuel, while the rest is generally calcined.

Top Key Players:

Market Research Future (MRFR) recognizes the following companies as the key players in the Global Petroleum Coke Market: Nayara Energy Ltd (India), Indian Oil Corporation Ltd (India), Petrobras (Brazil), Royal Dutch Shell PLC (Netherlands), Exxon Mobil Corporation (US), Citgo Petroleum Corporation (US), Marathon Petroleum Corporation (US), Valero Energy Corp. (US), Motiva Enterprises LLC (US), Phillips 66 Company (US), India Carbon Limited (India), Aminco Resources LLC (US), and Graphite India Limited (India).

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Segmental Analysis:

According to MRFR analysis, the Global Petroleum Coke Market has been segmented based on Grade, Type, Application and Region.

Based on Grade, the Global Petroleum Coke Market has been categorized into fuel-grade and calcined-grade. The calcined-grade segment accounted for the larger value share in 2018, whereas by volume the fuel-grade segment held a larger share in the same year. The calcined-grade segment is expected to register a value CAGR of over 7% during the forecast period.

Based on Type, the global market has been segmented into needle coke, sponge coke, shot coke, honeycomb coke, and others. Among these, the sponge coke segment held the largest market share of 43.6% by value in 2018 due to its wide usage in a variety of applications.

Based on Application, the global market has been segmented into aluminum, cement, power plants, brick and glass, steel, paper and pulp, and others. Among these, the aluminum segment accounted for the largest market share in 2018 by value due to the growing aluminum production across the globe. The segment is expected to register a CAGR of over 7% during the forecast period. However, by volume, the cement segment held the largest market share in 2018.

Regional Analysis:

Geographically, the Global Petroleum Coke Market has been divided into Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. As per MRFR analysis, the Asia Pacific market was the dominant regional market, accounting for the largest share of 59.5% in 2018, and is expected to register a healthy CAGR during the forecast period. Asia-Pacific is followed by North America, which accounted for the second-largest share of the Global Petroleum Coke Market in 2018. The North American market is expected to exhibit a CAGR of over 6% during the forecast period. Latin America was the third-largest market in 2018.

Key Findings of the Study:

The Global Petroleum Coke Market is projected to register a CAGR of 6.88% to reach USD 35.69 billion by the end of 2023.

Based on Grade, by value, the calcined-grade segment held a larger market share in 2018 due to its high cost and is expected to register a CAGR of over 7% during the forecast period.

On the basis of Type, the sponge coke segment held the largest market share, by value and volume in 2018. The segment was valued at USD 11,162.6 million in 2018 and is expected to register a CAGR of over 7% during the forecast period.

Based on Application, by value, the aluminum segment accounted for the largest market share in 2018 and is expected to register the highest CAGR of over 7% during the forecast period.

Asia-Pacific accounted for the largest market share of over 59% in 2018 due to the growth of the end-use industries in the region such as aluminum, steel, cement, paper & pulp, brick, and glass.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Petroleum Coke Market Report 2019 - Global Industry Analysis, Trends, Market Size and Forecasts up to 2025

Market Synopsis:

Market Research Future (MRFR) speculates that the Global Petroleum Coke (Fuel-Grade) Market is likely to expand at a CAGR of 5.52% during the forecast period (2018-2025). The high calorific value and low ash content is encouraging the market growth worldwide.  Petroleum Coke is referred to as a carbon-based residue which is by-product of the petroleum distilling procedure. It is extensively used as an alternative to coke. It is the final solid material derived from oil refining and is available either in calcined grade or in fuel grade. Petroleum Coke finds application in several industries like construction, power generation, aluminium, and other metals.

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Industry Updates:

March 25, 2019: A meeting was conducted among Omani company Salmeen Industrial Projects LLC and its joint venture partner UK-based BSW Group Holdings where they agreed to develop a petroleum coke calcining plant which is supposed to be funded by the BSW Group Holdings.

Competitive Dashboard:

The prominent players operating in the Global Petroleum Coke (Fuel-Grade) Market comprises Indian Oil Corporation Ltd., Nayara Energy Ltd., Petrobras, Royal Dutch Shell PLC, Exxon Mobil Corporation, Citgo Petroleum Corporation, Marathon Petroleum Corporation, Valero Energy Corp., Motiva Enterprises LLC., and Phillips 66 Company.

Market Potential and Pitfalls:

Petroleum Coke (Full Grade) Market is expanding at breakneck speed mainly due tlo its high calorific value and low ash content. It is refinery produced as a part of the distillation procedure which makes it a cheap substitute fuel to coal, thereby triggering its demand across the globe. The surging demand for alternatives which offer immense cost in various manufacturing sectors and in power generation is likely to catalyze its growth throughout the appraisal period. The little or no ash produced by petroleum coke eradicates the need for disposing ash, thereby making it a convenient alternative. Full-Grade Petroleum Coke also finds extensive application in cement manufacturing and feedstock. With cement produced worldwide, the surging economic growth in the emerging markets have resulted in the rising construction of infrastructure and other activities, thereby impacting the demand for Petroleum Coke across the globe.

Petroleum Coke is rich in carbon and is found to have higher carbon content than coal which leads to the release of additional CO2 compared to coal. The high carbon content has further resulted in the market to foster across the globe.

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On the contrary, environmental and health implications are considered to impede the demand for Petroleum Coke across the globe. Moreover, strict government mandates regarding carbon emissions have negatively affected the market growth. On a brighter note, technological innovation in Petroleum Coke is estimated to create path for the market in the long run.

Global Petroleum Coke (Fuel-Grade) Market: Segmental Analysis

The Global Petroleum Coke (Fuel-Grade) Market has been segmented on the basis of Application.

By Mode of Application, the Global Petroleum Coke (Fuel-Grade) Market has been segmented into power plants, cement, brick & glass, steel, foundries, paper & pulp, and others. Among these, the cement segment is likely to command the largest share with 48% share in the global market. The growth has been ascribed to the surging production of cement in order to support the rising construction sector. The power plants segment is likely to occupy the second spot with a high demand for petroleum coke owing to its secure and economical nature as an alternative fuel.

Regional Insights:

Geographically, Global Petroleum Coke (Fuel-Grade) Market span across regions namely, Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa.

Considering the global scenario, the Asia Pacific region is considered to command the major share in the global market with 56.3%. The market is likely to retain its pole position, grabbing a CAGR of 6.12% during the appraisal period. Rapid urbanization has resulted in an increased development of public infrastructure, surging demand for energy, and construction in the residential as well as in the commercial sector. China and India are considered among the top importers of the fuel-grade petroleum. The rising demand for energy, a stable economic growth, and an increased supply of heavy oils have further contributed to the growth of the market in this region.

The North American region is estimated to gain prominence owing to the surging utilization of pet coke as a cost-effective solution in energy and cement sector. The rising export of Petroleum Coke from the U.S. owing to the low prices than international petroleum coke is highly influencing the market growth in this region.

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Petroleum Coke Market Top Companies, Trends and Growth Factors Details for Business Development 2019 -2025

Market Analysis:

The Global Petroleum Coke Market is growing significantly more so because petroleum coke is largely used as a substitute to coal. It is expected to expand at a stellar 4.41% CAGR during the assessment period (2018-2025). Petroleum coke simply put is the ultimate solid material which is derived from oil refining. It comes in two variants- calcined grade and fuel grade. It includes all forms of carbonaceous solids that are obtained during petroleum processing including raw or green, needle coke and calcined petroleum coke.

There are many factors that is fueling the growth of the Petroleum Coke Market. The different market trends and factors in this market according to an analysis performed by Market Research Future (MRFR) include rapid urbanization and industrialization, growth in the supply of heavy oils the world over, development in power and cement generation industry, increase in steel production due to development in transportation segments, automobiles, construction, highway and railways and wide application of Petroleum Coke in different industries owing to minimal toxicity and low ash content. On the flip side, strict environmental regulations laid down towards the utilization of Petroleum Coke owing to its high content of sulfur, health hazards and environmental impacts are the few restraints that may curtail the progress of the Petroleum Coke Market.

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Key Players:

Leading players profiled in the Petroleum Coke Market include Valero Energy Corp., Citgo Petroleum Corporation, Petrobras, Phillips 66 Company, Exxon Mobil Corporation, Nayara Energy Ltd., Motiva Enterprises LLC., Marathon Petroleum Corporation, Royal Dutch Shell PLC, and Oil Corporation Ltd.

Oct 2018 - Rain Carbon, Rain Industries’ subsidiary is all set to resume petroleum coke shipments to its Vizag facility. This company uses GPC (green petroleum coke) as its chief feedstock for producing CPC (calcined petroleum coke).

Market Segmentation:

In the Market Research Future (MRFR) report, the Petroleum Coke Market has been segmented on the Basis of Application.

Based on Application, the Petroleum Coke Market is segmented into paper and pulp, steel, foundries, glass, brick, power plants, cement and others. Of these, cement at present grabs the maximum market share and is expected to maintain this trend in the coming years. During the assessment period it is anticipated in expanding at the highest CAGR and the factors that will attribute towards its growth include rising utilization of Petroleum Coke and rising cement production. Further, over 49,000 thousand tons of petroleum coke had been consumed only by the cement industry. The power plants will grab the second position. Petroleum Coke worth about USD 3,000 million had been consumed in 2017 globally by power plants. Petroleum Coke is a safe and economical alternative fuel in case of power plants. This has also cut down the dependency on coal and oil for generating power.

Regional Analysis:

Based on Region, the Petroleum Coke Market covers growth opportunities and latest trends across North America, South America, Europe, Asia Pacific and Middle East and Africa. Of these, the APAC region is likely to have a mammoth share in the Petroleum Coke Market. Factors such as growing energy demand, increasing cement production and rapid urbanization is expected to spur the market growth. China and India are the key importers of Petroleum Coke. On the one hand, India imported about 12.49 million tons of Petroleum Coke and on the other hand China imported about 7.20 million tons during 2017. The US meanwhile remains the key exporter of Petroleum Coke and it exported about 35.44 million tons Petroleum Coke in 2017. The market in Europe also had a substantial revenue owing to the rising and growing demand for electricity. In this region Petroleum Coke is chosen over natural gas and coal as it is economical, cost effective and easily available. Besides, the European Union has come up with rules and regulations to reduce air pollutants and carbon emissions that is likely to fuel the growth of Petroleum Coke Market further. In North America, the market had a minimal share but increasing import for raw petroleum especially from the refineries in the US coupled with increasing need for refined items is projected to boost the market in this region during the assessment period. The Petroleum Coke Market in the Middle East and Africa had a significant growth rate due to the increasing number of Petroleum Coke suppliers here. Moreover, this region is in favor of coke having high calorific value and high combustion energy that is used further for producing other alternative fuels. These factors may fuel the demand for Petroleum Coke Market during the assessment period.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Petroleum Coke Market 2019 | Potential Growth, Size & Share, Demand and Analysis of Key Players- Forecasts To 2025

Report Synopsis:

The MRFR perspective present an in-depth analysis of the current market trends of Petroleum Coke (fuel grade) along with a seven-year (2018-2025) revenue forecast). The market analysis presented in the research document is based on the parameters under which the Petcoke Industry is operating. A through discussion on market dynamics such as drivers, restraints and opportunities is also available in the document. In addition, major application areas (cement, power plant, steel, brick and glass, paper and pulp, foundries) for fuel grade petcoke are also mentioned in the document. Petroleum Coke (fuel-grade) market is covered across regions such as North America, Asia Pacific (APAC), Europe, South America and the Middle East & Africa (MEA).

Companies Covered:

Indian Oil Corporation Ltd., Nayara Energy Ltd., Petrobras, Royal Dutch Shell PLC, Exxon Mobil Corporation, Citgo Petroleum Corporation, Marathon Petroleum Corporation, Valero Energy Corp., Motiva Enterprises LLC., Phillips 66 Company.

The report offers insights on the leading market players and evaluates their current market share. Company information with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives.

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Research Methodology:

Market Research Future (MRFR) strive to present immaculate evaluation of market size and value using robust statistical algorithms. Both top-down and bottom-up perspectives are considered to validate market size and sub-market prospects. Scientific methods are applied to assess all variables that could impact market growth. To find market insights regarding constraints, probabilities, contingencies, and trends, all the pertinent elements are meticulously reviewed. Primary research methods involve information via interviews with key decision makers of market-leading companies. The secondary research offers a detailed analysis of all admissible information via reference to researches available in the public domain. Conceivable sources such as annual reports, SEC filings, and white papers are used for consolidation of unique intelligent inputs.

Other Description

Market Denomination- USD Mn

Base Year- 2017

Forecast Period- from 2018 to 2025

For the scope of the research, MRFR’s report offers a comprehensive segmental analysis of the global market for Petroleum Coke (fuel-grade)

Intented Audience

Petroleum Coke manufacturers

Suppliers and distributors

Potential investors

Raw material suppliers

Associations

Government

End Use Industries

By Application

Cement

Power Plant

Steel

Brick and Glass

Paper and Pulp

Foundries

Others

By Region

North America

Europe

Asia Pacific

The Middle East & Africa (MEA)

Latin America

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Petroleum Coke Market Research Key Players, Industry Overview, Supply Chain and Analysis to 2019 – 2025

Market Snapshot:

Persistent crude oil extraction and refining continues to influence the Petroleum Coke Industry. The crude oil by-product finds application in processing of various industrial materials. Fuel grade petcoke demand remains concentrated in the cement industry owing to its innate nature and very high heating value (BTUs per pound). In 2017, close to 44% of the total petroleum coke (fuel-grade) produced was consumed by the cement industry. However, regulatory pressures are dampening the market prospects of the product. Petcoke is a fossil fuel and contributes to environmental degradation. The product has been under sever scrutiny, which has also resulted in bans and limitations on petcoke usage. Petroleum coke (fuel-grade) market in Asia Pacific is currently the most noticeable, and the region will continue to attract suppliers throughout the review period (2018-2025). In addition, fuel grade petcoke consumption in the region is estimated to surpass 54,500 tons by the year 2025.

Report Synopsis:

The MRFR perspective present an in-depth analysis of the current market trends of petroleum coke (fuel grade) along with a seven-year (2018-2025) revenue forecast). The market analysis presented in the research document is based on the parameters under which the petcoke industry is operating. A through discussion on market dynamics such as drivers, restraints and opportunities is also available in the document. In addition, major application areas (cement, power plant, steel, brick and glass, paper and pulp, foundries) for fuel grade petcoke are also mentioned in the document. Petroleum coke (fuel-grade) market is covered across regions such as North America, Asia Pacific (APAC), Europe, South America and the Middle East & Africa (MEA).

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Companies Covered:

Indian Oil Corporation Ltd., Nayara Energy Ltd., Petrobras, Royal Dutch Shell PLC, Exxon Mobil Corporation, Citgo Petroleum Corporation, Marathon Petroleum Corporation, Valero Energy Corp., Motiva Enterprises LLC., Phillips 66 Company.

The report offers insights on the leading market players and evaluates their current market share. Company information with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives.

Research Methodology:

Market Research Future (MRFR) strive to present immaculate evaluation of market size and value using robust statistical algorithms. Both top-down and bottom-up perspectives are considered to validate market size and sub-market prospects. Scientific methods are applied to assess all variables that could impact market growth. To find market insights regarding constraints, probabilities, contingencies, and trends, all the pertinent elements are meticulously reviewed. Primary research methods involve information via interviews with key decision makers of market-leading companies. The secondary research offers a detailed analysis of all admissible information via reference to researches available in the public domain. Conceivable sources such as annual reports, SEC filings, and white papers are used for consolidation of unique intelligent inputs.

Other Description

Market Denomination- USD Mn

Base Year- 2017

Forecast Period- from 2018 to 2025

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Petroleum Coke Market 2018 Sales, Revenue, Gross Margin, Market Share by Top Companies 2025

As per the latest report published by Market Research Future (MRFR), Global Petroleum Coke Market will record an above-average growth over the next several years. In 2017, the market surpassed a valuation of USD 10,100 Mn, with production volume reaching over 102,600 thousand tons. In recent years, fuel-grade Petcoke has been increasingly used as an alternative to coal. Fuel-grade petcoke has very high heating value (BTUs per pound), which allows its application in various material processing industries. When burned, fuel-grade petcoke produce very little or no ash, a favourable fuel characteristic for many industries including cement manufacturing kilns and power generation plants.

The cement manufacturing industry has been a major consumer of the fuel-grade Petcoke. Global demand for cement remains strong as countries such as China, India, Brazil and Mexico witness rapid urbanization and industrialization which is reflecting favourably on the Global Petroleum Coke (fuel-grade) market. The tremendous economic boom in these countries have led to increased construction activities, which in turn is driving the demand for processed material such as cement, steel, glass and brick. Due to its innate nature it’s a preferred fuel for running furnaces for long durations. However, being a by-product of crude oil, it carries several environmental implications and is not a fuel option which is sustainable in the long run.

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Global Petroleum Coke (Fuel-Grade) Market: Competitive Landscape

MRFR in its report has profiled some of the top-notch market players, which include Indian Oil Corporation Ltd., Royal Dutch Shell PLC, Marathon Petroleum Corporation, Motiva Enterprises LLC., Nayara Energy Ltd., Exxon Mobil Corporation, Phillips 66 Company, Petrobras, Citgo Petroleum Corporation, Valero Energy Corp.

Global Petroleum Coke (Fuel-Grade) Market: Segmental Analysis

MRFR’s report include a comprehensive segmental analysis of the market on the basis of Application and Region.

On the basis of Application, the market has been segmented into cement, power plants, brick and glass, foundries, steel, paper and pulp, and others. Among these, the cement segment currently accounts for largest market share and this trend likely to continue in 2018 and beyond. In 2017, the segment stood at a valuation of USD 10,166.8 Mn, capturing nearly 48 % market share in terms of revenue. During the forecast period, the cement segment is projected to witness the highest CAGR owing to rising cement production and the growing use of petroleum coke as a fuel in cement manufacturing. In addition, more than 49,000 thousand tons of fuel-grade Petcoke were consumed by the cement industry alone. Meanwhile, the power plants segment holds the second spot in terms of Petcoke consumption and market valuation. Nearly USD 3,000 Mn worth Petcoke was consumed by power plants globally in 2017. Petroleum coke is an economical and a safe alternative fuel for power plants. It has also reduced dependency on oil and coal for power generation.

Global Petroleum Coke (Fuel-Grade) Market: Regional Analysis

The market has been covered across North America, South America, Europe Asia Pacific (APAC) and the Middle East & Africa (MEA). In 2017, APAC market commanded the for more than 56% market share. The region’s market size is currently valued at over USD 5,700 Mn. Factors such as rapid urbanization, increasing cement production, and growing energy demand are expected to boost the growth of the Petroleum Coke (fuel-grade) market in the region. India and China are the major importers of fuel-grade Petroleum Coke. India imported 12.49 million tons of fuel-grade Petroleum Coke, while China imported 7.20 million tons in 2017. Meanwhile, the US remains a prime exporter of fuel-grade Petroleum Coke. The US exported close to 35.44 million ton of fuel Grade Petcoke in 2017.

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