Global Green Petroleum Coke Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Green Petroleum Coke Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by Trusted Business Insights. The global green petroleum coke market report has been segmented on the basis of source, form, application, and region.

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Global Green Petroleum Coke Market: Overview

Green petroleum coke is obtained by processing decaying coke. Green petroleum coke is obtained from crude oil which is converted into jet fuels and gasoline. Depending on the quality of crude oil the Sulphur content varies in the green petroleum coke and is used for various applications in the end use industries. Green petroleum coke with low Sulphur content is upgraded by the process calcination and that is used as a raw material for the production of aluminum and steel.

Global Green Petroleum Coke Market: Dynamics

Strict government rules and regulations regarding carbon emissions and rising demand for fabrication of aluminum smelter anodes coupled with rising prices of coal, and depletion of coal resources, are the major factors driving growth of the global green petroleum coke market. In addition, increasing applications of the green petroleum coke in end-use industries such as steel and aluminum is another factor fueling growth of the global market. Lack of product supply and fluctuating cost of this product are the factors hampering growth of the target market.

Furthermore, increasing rapid industrialization and increasing population in the countries are some of the factors propelling growth of the global market.

However, lack of skilled workforce is a factor expected to hamper growth of the global green petroleum coke market. Nevertheless, rise in number of firms which are operating on global scale in various countries can create high revenue growth opportunities for players in the target market.

Global Green Petroleum Coke Market: Segment Analysis

On the basis of source, anode segment dominates the global market in terms of revenue and anticipated maintain its position in the near future.

On the basis of form, sponge coke segment dominates the global market in terms of revenue and anticipated maintain its position in the near future.

On the basis of application, aluminum segment dominates the global market in terms of revenue and anticipated maintain its position in the near future.

Global Green Petroleum Coke Market: Regional Analysis

Currently, market in North America accounts for major share in terms of revenue and is expected to lucrative growth over the forecast period. There is rising industrialization in most of the countries in North America coupled with increasing number of construction activities especially in US are factors expected to drive growth of the target market in the region. Asia Pacific market in anticipated to witness fastest growth in terms of revenue in the near future. As there is a demand for green petroleum coke in the construction sector along with a growing population in countries are some factors fueling growth of the target market in Asia Pacific region. Europe also accounts major share in terms of revenue. Furthermore, market in Latin America anticipated to witness average growth over the forecast period, followed by Middle East and Africa in the global market.

Global Green Petroleum Coke Market Segmentation:

Segmentation by source: 

Anode
Fuel

Segmentation by form:

Sponge Coke
Purge Coke
Needle Coke
Shot Coke
Honeycomb Coke

 
Segmentation by application:

Aluminum
Calcined Coke
Cement
Power Stations
Graphite Electrode
Others