New York, NY -- (SBWIRE) -- 09/25/2018 -- Global Metallurgical Coke Market Introduction

There has been rising demand for metallurgical coke from the iron, steel and power generation industries. Metallurgical coke is formed by destructive distillation of a special blend of bituminous coal in the absence of air or oxygen. In order to produce metallurgical coke, the coal is heated into ovens at specific temperature to produce low sulphur, low phosphorus coke. Metallurgical coke is used for applications which requires high quality, tough and highly resistant form of carbon. The primary application of metallurgical coke involves its use in the iron and steel plants in blast furnaces, sinter plants and foundries for the reduction of iron ore to iron. In general, major metallurgical coke plants are located in the iron and steel plants itself. Modern ovens are being designed to produce high quality of metallurgical coke to reduce the emissions and environment safety.

Global Metallurgical Coke Market Dynamics

Metallurgical Coke Market Drivers

The rapid growth of the iron and steel industries has created an upsurge in demand for the metallurgical coke. The major and predominant application area for metallurgical coke is in the blast furnaces in the iron and steel industries. There has been rising demand for metallurgical coke for the power generation industries also which is projected to support the demand for metallurgical coke over the forecast period. There has been significant increase in number of iron and steel plants and power generation plants which have been driving the metallurgical coke business growth.

Metallurgical Coke Market Restraints

One of the major challenge faced by the global metallurgical coke market is the use of substitutes such as oils, plastics amongst others as replacement for reducing agent and fuel for the iron and steel production plants.

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Additionally, there has also been increase in use of materials such as recycled tires or waste tire as an additive with coal for the manufacture of metallurgical coke

Another major challenge faced by the global metallurgical coke industry is the availability of raw material. The quality of coal required for the manufacture of metallurgical coke is quite high which being unevenly distributed across Russia, China which is a major challenge for the manufacturers.

The fluctuating prices has also been a major cause of concern for the global metallurgical coke market.

Metallurgical Coke Market Trends

The manufacturers of metallurgical coke are entering into long term supply contracts with the steel manufacturing companies as a part of their business strategy to expand their customer base and global footprints.

Manufacturers are focusing on the manufacture of low sulphur and low emission metallurgical coke to protect the health of workers and also to reduce the harmful effects on the environment. Significant investments are being made for the technological advancements in the production methods to ensure health and environmental safety

Global Metallurgical Coke Market Segmentation

The global Metallurgical Coke market can be segmented on the basis of application, end use industry, grade and region.

On the basis of application, the global metallurgical coke market can be segmented as:

Fuel
Reducing agent
Permeable support material

On the basis of end use industry, the global metallurgical coke market can be segmented as:

Iron and steel Industry
Sugar processing
Chemical Industry (Soda ash and calcium carbide manufacturing)
Others

On the basis of grade, the global metallurgical coke market can be segmented as:

Low Ash metallurgical coke
High ash metallurgical coke

Global Metallurgical Coke Market: Regional Outlook

The global metallurgical coke market is anticipated to be dominated by Asia Pacific region with China leading the market both in terms of production and consumption. India is also anticipated to witness sound growth in demand for metallurgical coke owing to the rapid growth in the iron and steel industry in the country. North America and Europe are collectively anticipated to hold significant share in the metallurgical coke market and the aging manufacturing sites are anticipated to drive the demand in the coming years. Significant investments in Brazil are projected to drive the Latin America metallurgical coke market. Middle East and Africa is projected to witness moderate growth in demand for metallurgical coke over the forecast period.

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Global Metallurgical Coke Market Participants

Some of the market participants identified across the value chain of global Metallurgical Coke market are:

SunCoke Energy Inc.
Ennore Coke Limited (ECL)
Haldia Coke and Chemicals Private Limited
Hickman, Williams & Company
Shandong Pioneer International Trade Co.,Ltd(SPIT)
Oxbow Corporation
Sinochem International
Gujarat NRE Coke Ltd (GNCL)
Yikun Industry Company Limited