The global petroleum coke market was valued at US$ 16,713.9 Mn in 2016 and is projected to reach US$ 36,236.2 Mn in 2026 at a CAGR of 8.1% from 2017 to 2026. The fuel grade coke segment in the global petroleum coke market is expected to account for the major revenue share of 75.0% in 2017, as it can be used as an alternative to steam coal in various power plants, and its high heat and low ash content makes it an ideal heat source for power generation.
The major factor driving the growth of the global petroleum market are increasing global energy demand and use of petroleum coke as a source of energy to power plants. In addition, a rapid growth of construction and cement industry in various economies is propelling demand for petroleum coke as it can be a source of carbon and this demand is expected to rise during the forecast period.
Companies profiled in the report are Chevron Corporation, Essar Oil, BP Plc, HPCL, ExxonMobil Corporation, Indian Oil Corporation Limited, Saudi Arabian Oil, Reliance Industries, Chevron Corporation and Royal Dutch Shell.