Market Size of Green Petroleum Coke and Calcined Petroleum Coke Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | < 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Green Petroleum Coke & Calcined Petroleum Coke Market Analysis
The green and calcined petroleum coke market are projected to register a CAGR of less than 6% during the forecast period.
The COVID-19 pandemic significantly impacted economic activity. A deep and potentially extended recession is a foregone conclusion. The slowdown in industrial activities significantly impacted the market due to lockdown and curfew situations worldwide. Global aluminum demand is already slashed, with the automotive and aerospace industries bearing the brunt of the fallout, thus, decreasing the demand for green and calcined petroleum coke. Currently, the market recovered from the pandemic and is growing steadily.
- Over the short term, increasing aluminum production for industrial activities is expected to drive market growth.
- However, fluctuating prices for raw materials will likely hinder the market's growth.
- Nevertheless, extensive industrialization in Asia-Pacific and Latin America will likely generate future profitable growth prospects for the green petroleum coke market. Due to high product demand in the construction industry, Asia-Pacific includes a significant share of the global green petroleum coke market in terms of usage.
- Asia-Pacific dominated the market across the world, with robust demand from various applications, such as fuel, aluminum, iron and steel, and silicon metal, among others, in numerous industries.
