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GLOBAL INDUSTRY INSIGHT: Petroleum Coke Market Size, Share, Development, Growth and Demand
Forecast to 2020
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Global Petroleum Coke Market Size, Share, Development, Growth
and Demand Forecast to 2020
The petroleum coke market is growing at a significant rate due to emerging economies in the Asia-Pacific region.
As the largest importer of petroleum gas, Asia-Pacific dominates the petroleum coke market in terms of demand.
In China, most of the petroleum coke is used in power plants for generating electricity, whereas in India most of
the petroleum coke is used in cement kilns owing to rapid industrialization and increased population in the
countries. Europe is the second highest importer of petroleum coke because of the rise in demand of electricity in
the region. Many crude oil refining companies had established delayed cooking units to produce petroleum coke
domestically. Even in the Middle East and Latin America, considerable demand for petroleum coke exist because
of rising population and increasing infrastructure developments in the regions.
Crude oil leaves some residual crude when it is processed into diesel fuel, gasoline, lubricating oils, jet fuel, and
waxes that undergo further processing. The crude residue is further refined by coking, a process to produce
transportation fuels and petroleum coke, having a range of uses as an alternative and cost-effective fuel. The
unprocessed coke directly out of the coker is called green coke and be converted into petroleum coke by coking
processes which removes volatile hydrocarbons from the green coke. Petroleum coke has more than 80% carbon
and when it is burned, it emits four to nine percent more carbon dioxide than coal on basis of per unit of energy.
Petroleum coke is stored in a stack near an oil refinery pending sale.
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On the basis of type, petroleum coke can be categorized as fuel grade coke and calcined petroleum coke. Fuel
grade coke can be subcategorized as shot coke and sponge coke. Fuel grade coke dominates the petroleum
coke market, having the highest share among the types of petroleum coke because of its advantage over calcined
petroleum coke such as high calorific value and less cost. Even a small amount of fuel grade coke can produce
large quantity of electricity, so electricity is produced at a cheaper rate with the use of fuel grade coke. Calcined
petroleum coke is generally used to make steel, paints, steel, titanium, fertilizers and aluminum.
Petroleum coke can be categorized on the basis of end users as cement kilns, calcining, blast furnace and power
plants. Power plants and cement kilns had grown with the fastest rate among the applications of petroleum coke.
Petroleum coke gasification leading to clean production of power is one of the opportunities for growth of the
petroleum coke market. Increase in aluminum production, and increased usage of petroleum coke as a fuel in
power and cement industries in the Asia-Pacific countries are some of the factors that are driving the growth of
the petroleum coke market to a significant extent. Besides the advantages of petroleum coke, there is a
disadvantage for petroleum coke that it has an adverse effect on the environment and human health, which in turn
is restraining the growth of the petroleum coke market. Petroleum coke has high sulfur and low volatile content,
causing environmental problems during combustion.
© P&S Market Research. All rights reserved 3
Global Petroleum Coke Market Size, Share, Development, Growth
and Demand Forecast to 2020
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Indian Oil Corporation Limited, Essar Oil Ltd., Royal Dutch Shell Plc, ExxonMobil Corporation, BP Plc, Valero
Energy Corporation, HPCL - Mittal Energy Limited, Saudi Arabian Oil Co., Chevron Corporation, and Reliance
Industries Limited are some of the major competitors in the petroleum coke market.
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