The global market for calcined petcoke is expected to reach USD 2.9 billion during the forecast period, registering a CAGR of 5.5%.

Calcined petcoke is a high-purity carbon material produced by heating green petroleum coke. The increasing use of calcined petcoke in the production of anodes for steel and aluminum smelting is a key factor driving the market growth. Calcined petcoke is either fuel grade or anode grade which are obtained as a byproduct during the oil & gas exploration activities. In the past few years, the oil & gas exploration activities have increased, which has led to a rise in the supply of calcined petcoke. This high-value calcined petcoke is used in a variety of applications including the manufacturing of graphite petcoke for electric arc furnaces, which are significantly used in the steel industry. Thus, the increase in production of green petcoke is estimated to propel the global market growth.

Key Players

Some of the key players operating in the global calcined petcoke market are Rain Carbon Inc (US), Metso Corporation (Finland), Atha Group (India), Essar (India), India Carbon Limited (India), Aminco Resources LLC (US), IOCL (Switzerland), Oxbow Corporation (US), Bharat Petroleum Corporation Limited (India), Maniayargroup (India), Amritesh Industries Pvt. Ltd (India), and Garcia Munte Energia SL (Spain).

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Segmentation

The global calcined petcoke market has been segmented by grade, application, and region.

By grade, the global market has been classified into anode grade and needle grade.

Based on application, the global market has been divided into steel, aluminum, titanium dioxide, paint & coatings, fertilizer, and others.

The global market, by region, has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

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Recent Development

November 2021- Oman's first petroleum coke calcining (CPC) plant will launch at the Sohar Freezone.
Established with an investment of approximately USD150 million, Sanvira Carbon FZC will assist add value to the notable amounts of petroleum coke (petcoke) presently being formed by refineries in the Sultanate of Oman as a result of the refining process. The multibillion-dollar smelter of Sohar Aluminium, situated close to Sanvira Carbon's plant, is seen as a potential customer for the former's calcined coke output. So, the latest product will add value comparatively wasteful byproduct and assist decrease dependence on calcined coke imports; it is pointed out.

Regional Analysis

Asia-Pacific accounted for the largest market share of the global calcined petcoke market in 2018 as a result of urbanization and industrialization in developing economies such as India, China, and South-East Asian countries. The surging automotive production, infrastructure development, and growing number of manufacturing industries in the region are factors expected to boost the demand for aluminum, steel, and titanium in the region and boost the growth of the calcined petcoke market during the forecast period.

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North America is also expected to be a prominent market for calcined petcoke. The growth of the automotive industry, increasing construction activities, and large presence of oil & gas refineries in the region are factors expected to propel the demand for calcined petcoke during the forecast period. Also, the demand for calcined petcoke in the paint and coatings industry is increasing, as the region is a hub of many medium-scale and small-scale calcined petcoke manufacturers.

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