Latest News- Calcined Petcoke Market: Anode grade is expected to lead the Type segment during 2024-2028

The Calcined Petcoke Market is being driven by Rising demand for calcined petcoke from various industries

The Calcined Petcoke Market is expected to grow at a CAGR of 6.69% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 4846 million. In the battery industry, green petcoke derived from Alberta oil sands and refineries serves as a crucial input material for metal extraction processes. MGX Minerals Inc. and Highbury Energy Inc. recently disclosed analysis results revealing varying concentrations of vanadium, cobalt, and nickel in these samples. The oil sands petcoke contained 421 ppm vanadium, 4.8 ppm cobalt, and 76.8 ppm nickel, while the refinery petcoke had 458 ppm vanadium, 1.3 ppm cobalt, and 53.4 ppm nickel. Post-gasification, the ash concentration in the oil sands petcoke amounted to approximately 3%, and in the refinery petcoke, it was less than 1% by weight. These findings underscore the potential of green petcoke as a valuable resource for battery production. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Anode grade
  • Needle grade
• Application
  • Aluminum
  • Others
• Geography
  • APAC
    • China
    • India
  • North America
    • US
  • Europe
    • France
    • Spain
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising demand for calcined petcoke from various industries
• Increasing demand for aluminum and steel
• Rapid urbanization

However, the market also witnesses some limitations, which are as follows:

• Declining investments in coal industry
• Regulations on carbon pollution
• Fluctuations in crude oil prices

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Market Scope in Calcined Petcoke Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Calcined Petcoke market encompasses the production and application of petcoke through various processes such as manufacturing, thermal treatment, carbonization, activation, oxidation, reduction, gasification, pyrolysis, hydroprocessing, and coking. These processes impact petcoke's quality parameters, including thermal stability, chemical composition, microstructure, reactivity, and sulfur removal. Regulations and waste management are crucial considerations in petcoke's value chain, influenced by economic factors and future prospects. Byproduct generation, classification, blending, and grinding are additional aspects of the petcoke market.

Market Research Overview

The calcined petcoke market is a significant segment of the larger coal and consumable fuels industry. Manufacturers and suppliers of calcined petcoke are key players in this market, contributing to its revenue growth. The market's size is determined by the consolidated revenue generated from the production and sale of calcined petcoke, which is characterized by specifications including carbon content, sulfur content, and ash content. The global coal and consumable fuels market is experiencing growth due to increasing energy demand, driven by factors such as dwindling fossil fuel reserves and volatile fuel prices. Energy security is a top priority for governments worldwide, particularly for energy-dependent nations like the US and the UK, making coal and related products essential for meeting energy demands.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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