According to the research report by Transparency Market Research on global green petroleum coke market, the industry is expected to expand at a stellar growth rate i.e. 6.1 % over the forecast period of 2012 to 2026. The report also places the evaluation of global green petroleum coke market at US$ 12 billion in the year 2016. Some of the key factors fueling immense growth in the global green petroleum coke market include stringent government laws pertaining to carbon emission, increase in the prices of coal, and depletion of the coal reserves. Another essential factor stimulating high growth potential in global green petroleum coke market is increased demand for fabrication of aluminum smelter anodes.
Products in the global green petroleum coke market i.e. green petroleum coke is derived from decaying coke obtained through the coker unit. High sulfur content present in the green petroleum coke products makes it useful for application as an alternative fuel source for coal. Products in the global green petroleum coke market are also used in the production of steel and aluminum if the sulfur content is low.
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Products in the global green petroleum coke market can be sourced from two sources, namely anode and fuel. They are also available in various forms, such as sponge coke, needle coke, honeycomb coke, purge coke, and shot coke. Sponge coke is most commonly used in global green petroleum coke market as a solid fuel for manufacturing of anodes in aluminum industry. Needle coke is utilized for manufacturing of graphite electrodes for application in electric arc furnaces. Application segments for the products in the global green petroleum coke market include aluminum, power stations, cement, graphite electrode including regular power graphite and others, and calcined coke, among others.
China and India Set to Expand at a Rapid Rate in Green Petroleum Coke Market
Key regions assessed in the business intelligence report on the global green petroleum coke market include North America, Latin America, Asia Pacific, Europe, and Middle East and Africa. Major countries covered in the professional study report on global green petroleum coke market are the United States, the United Kingdom, China, Brazil, South Africa, Canada, Germany, Japan, Mexico, Gulf Cooperation Countries, France, India, Spain, Australia, Italy, ASEAN countries, Greece, Russia, Turkey, CIS countries, and rest of the Europe, rest of the South America, rest of the Asia Pacific, and rest of the Middle East and Africa.
The report projects that the global green petroleum coke market will expand at a significant rate in the regions such as China and India in coming years. Key factors supplementing this trend include expansion of construction industries in the region as well as increase in regional industrialization. However, key and major regions accounting for significant share in global green petroleum coke market are Europe and North America.
Players in Green Petroleum Coke Market Focused on M A and New Facility Launches
Few of the major players operational within the global green petroleum coke market are Aminco Resources LLC, Aluminum Baharain (Alba), Carbograf Industrial S. A. de C. V., Minmat Ferro Alloys Private Limited, Weifang Lianxing New Material Technology Co., Ltd., Cocan (hybei) Graphite Mill Inc., Sinoway Carbon Co., Ltd., Oxbo Corporation, Asbury Carbons, Atha Group, Rain Carbon Inc., Shangdong KeYu Energy Co., Ltd., Linyi Zhenhua Carbon Technology Co., ltd., Ningxia Wanboda Carbons Graphite Co.., Ltd., and Modern Industrial Investment Holding Group.
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Players and incumbent vendors in the global green petroleum coke market are focused on key strategies such as mergers and acquisitions as well as the launching of new facilities as well as products. For example, Asbury Carbons invested a whopping US$ 48 million for a new facility in the town of Lumberton in North Carolina in May of 2015. Moreover, Oxbow Corporation acquired Carbon Resources LLC in July of 2014. This allowed Oxbow to take over the distribution of activated carbon products made from coal, coconut shells, as well as wood.
Source
- Anode
- Fuel
Form
- Sponge Coke
- Purge Coke
- Needle Coke
- Shot Coke
- Honeycomb Coke
Application
- Aluminum
- Calcined Coke
- Cement
- Power Stations
- Graphite Electrode
- Others
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
Green petroleum coke is used in the form of sponge coke, shot coke, purge coke, needle coke, and honeycomb coke. Sponge coke is most widely used as a solid fuel to manufacture anodes in the aluminum industry. It is a porous coke produced by adding effective amounts of a carbonaceous material that contains oxygen. Purge coke is produced during the process of producing heat form coking reactions to convert vacuum residual into gasses, distillate liquids, and coke. This process is known as flexi coking.
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Needle coke is mainly produced from coal tar pitch or FCC decant oil. It is also known as acicular coke. It has high resemblance to the collection of vertical aligned needles. The properties of needle coke include a low puffing tendency, low coefficient of thermal expansion, and high mechanical strength.
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