Petroleum Coke Market
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<strong>Petroleum</strong> <strong>Coke</strong> <strong>Market</strong><br />
<strong>Petroleum</strong> coke is valuable consumer products derived from oil refining process. <strong>Petroleum</strong> coke is also<br />
known as pet coke. The crude oil residue further refined by a process known as coking to produce pet coke.<br />
<strong>Petroleum</strong> coke has highest carbon purity and is used in energy and in the aluminum, graphite electrode,<br />
steel, titanium dioxide and other carbon consuming industries. <strong>Petroleum</strong> coke can resemble small spheres,<br />
ranging in size from a grain of sand to a large marble.<br />
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The major driving factor of the global petroleum coke market is increasing power generation and cements<br />
industries. Another key factor is growing demand from aluminum and steel industries and is expected to<br />
drive petroleum coke market during the forecast period. Strong demand coupled with infrastructure<br />
development in Middle East & Africa is projected to fuel the petroleum coke market in the region in the<br />
years to come. However, unfavorable effect on the environment and health awareness expected to hamper<br />
the growth of petroleum coke market.<br />
The market for petroleum coke is segmented on the basis of product, end-use and geography. On the basis<br />
of product segment, petroleum coke market has been classified into fuel grade coke and calcined coke. Fuel<br />
grade coke is the largest product segment market and is expected to witness robust growth over the<br />
forecast period. Key end-use include in petroleum coke market such as calcining, power plant, cement, blast<br />
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