Petcoke Market in Asia is Anticipated to Hit $3.8 Billion by 2020

“The major players in Asia Petcoke market include:
• Indian Oil Corporation Ltd
• China National Petroleum Corporation (CNPC)
• Sinopec Corp
• China National Offshore Oil Corporation (CNOOC)
• Reliance Industries Lim”
Increasing Demand from China industrial sector to drive the Chinese Petcoke Market to reach $2.8 Billion and Asia Market to reach $3.8 Billion By 2020

According to the report Petcoke Market – By Type (Calcined Petcoke and Fuel Grade Petcoke); By Application (Aluminum, Steel, Power, Cement And Others) – With Forecast (2015 – 2020)”, published by IndustryArc, the market to reach $3.8 billion by 2020

Browse 33 Market Tables, 33 Figures spread through 83 slides and an in-depth TOC on “Petcoke Market in Asia

The petcoke market in 2014 was $2.7 billion, dominated by China accounting for more than 72% market share in terms of revenue. China is the most promising market for petcoke, owing to the increasing demand from end user industries. China, among all the countries is the promising market with rising demand from aluminum and power industries. China is considered as the world’s largest electricity consumer. It is the most significant market for production and consumption of aluminum and produces approximately 54% of the global aluminum production. Calcined petcoke is used to produce anodes that are utilized for electrolytic chemical reaction during aluminum smelting process. Fuel grade petcoke has high heating value that produces very less ash when burned. It is mostly used in electric power plants and cement kilns as substitute for coal.

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China is the largest petcoke producer with the world’s second largest refining capacity. China exports its petcoke to UAE, India, Australia and many others. The country imports most of the petcoke from the U.S. and Canada. The majority of the U.S. and Canada petcoke is being exported as its consumption is very less from end users. Coal and natural gas are much cheaper than petcoke in the U.S. and Canada. The U.S. coal prices are substantially lower than international coal prices so the country exports most of the petcoke to other regions.

In China, Petcoke is used as substitute of coal as it has high energy content and is cheaper compared to coal.  It releases more carbon dioxide compared to coal and release metals that include chromium, arsenic, cadmium, nickel and mercury. China is the major petcoke consumer of high sulfur petcoke in the world. High sulfur petcoke release more toxic metals in to the environment. The Chinese government is taking necessary initiatives to reduce air pollution that is released from petcoke and the imports would slightly decrease in 2016 compared to 2015 due to ban on petcoke imports which do not meet certain quality specifications.

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The major players in asia petcoke market include:

  • Indian Oil Corporation Ltd
  • China National Petroleum Corporation (CNPC)
  • Sinopec Corp
  • China National Offshore Oil Corporation (CNOOC)
  • Reliance Industries Limited

The various industries studied in the report from petcoke market perspective include:

  • Aluminum
  • Steel
  • Power
  • cement

The overall market is also presented from the perspective of key countries. Competitive landscape for each of the product types is highlighted and market players are profiled.

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