Global pet coke market research report: by product (needle coke, sponge coke, catalyst coke, shot coke, purge coke) grade (fuel grade, calcined grade) application (power plants, cement industry, steel industry, aluminum industry) – Forecast till 2023

Pune, India -- (SBWire) -- 08/23/2018 --The Pet Coke is widely used in the power generation industry owing to its low production cost and high calorific value. Pet Coke is extensively used in the cement industry, in lime production, and steel industry.

The Global Pet Coke Market is spanned across five regions of the world namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds a major share of the global market and is projected to be the fastest growing market, owing to the increasing consumption of Pet Coke in the cement industries and power generation among others. It is estimated that the power industry application segment is set to observe the highest CAGR in the market due to growing need for low-cost energy production in the developing regions to meet their energy requirements.

Receive a Sample Report @ https://www.marketresearchfuture.com/sample_request/5349

The North American market is expected to grow at a steady CAGR due to the growing adoption rate of the product. The U.S. and Canada have achieved a significant place in the market due to the developed end-user industries such as steel and cement among others. Moreover, the approval by the Environment Protection Agency, in the U.S. is further expected boost the growth of the market in the region.

The growing infrastructural development in the Middle East and Africa is expected to have a positive impact on the market in the region. Moreover, the increasing oil and gas related activities in the region, especially in the Middle East, will also affect the market significantly during the forecast years.

A moderate development is achieved in the European market due to the growing adoption of the product in power generation and other end-user industries. In addition to this, the growing use of petroleum coke in the power industries due to its environment-friendly and cheap source are other factors attributing to the growth of the market.

Segmentation

The Global Pet Coke Market is segmented into Product Type and End-User. On the basis of the product type, the market is segregated into needle coke, sponge coke, catalyst coke, shot coke, and purge coke. On the basis of the grade, the market is classified as fuel grade and calcined grade. The market by the application is further categorized into power plants, cement industry, steel industry, aluminum industry, and others

Key Players

Some of the prominent players operating in the Global Pet Coke Market are Chevron Corporation (U.S.), British Petroleum (London), Essar Oil Ltd.(India), Hindustan Petroleum Corporation Limited (India), ExxonMobil Corporation (U.S), Indian Oil Corporation Limited (India), Royal Dutch Shell Plc (Netherland), Reliance Industries Limited (India), Saudi Arabia Oil Company (Saudi Arabia), Valero Energy Corporation (U.S.) and Conoco Philips (U.S.).

Get Complete Report @ https://www.marketresearchfuture.com/reports/pet-coke-market-5349