Market Size of Metallurgical Coke Industry
|Study Period||2018 - 2028|
|Base Year For Estimation||2022|
|CAGR||> 3.00 %|
|Fastest Growing Market||Asia-Pacific|
*Disclaimer: Major Players sorted in no particular order
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Metallurgical Coke Market Analysis
During the time frame of the forecast, the metallurgical coke market is expected to grow at a CAGR of more than 3%.
The COVID-19 pandemic negatively affected the market. However, after the COVID pandemic, the rising demand for metallurgical coke from applications like iron and steel making and sugar processing has helped revive the market.
- Over the short term, the rising demand for steel materials is expected to drive the market's growth.
- On the flip side, volatility in metallurgical coke prices is expected to hinder the growth of the market studied.
- As the government does more to help the manufacturing industry, opportunities will open up on the market.
- Asia-Pacific dominated the market across the world, with robust demand from China and India.