Global Petroleum Coke Market Will Cross Usd 26.0 Billion by 2021

Category: Oil & Gas

Press Release Title:

Global Petroleum Coke Market will Cross USD 26.0 Billion by 2021 – by Market Research Engine

Summary:

Global Petroleum Coke market was valued at USD 13,422.0 million in 2013 and is likely to reach USD 26,814.0 million by 2020, expanding at a CAGR of 8.5% between 2014 and 2021.

PR Body:

Florida, Feb 28: Marketresearchengine has released its latest research, “Petroleum Coke Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2021” with latest market insights. Petroleum coke is a by-product of the oil refining process. As refineries worldwide seek to operate more efficiently and extract more gasoline and other high value fuels from each barrel of crude oil, a solid carbon material known as ‘Petcoke’ is produced.

Browse Full Report here: http://marketresearchengine.com/reportdetails/global-petroleum-coke-market

Petroleum coke can be further categorized into green coke or calcined coke. Green coke is the initial product obtained from the cracking and carbonization of the feedstock to produce a substance with high carbon hydrogen ratio. Green coke is further processed to produce calcined coke. Additional processing eliminates the volatile matter and increases its electrical conductivity.

Uses of Petroleum Coke 

Petroleum coke is typically used as a source of energy, or as a source of carbon for industrial applications. Fuel grade petcoke represents nearly 80 percent of worldwide production and is a source of fuel for cement kilns and electric power plants. Calcined petcoke has the highest carbon purity and is used to manufacture energy, as well as in the aluminum, graphite electrode, steel, titanium dioxide and other carbon consuming industries.

The report analyzes two major segments in the petroleum coke market – fuel grade coke and calcined coke. The former is projected to remain the predominant segment globally because it is regarded as being more cost...