Petroleum Coke Market Expected to Grow at a CAGR of 8.5% by 2020 on Account of High Demand for Petcoke from Asia Pacific: Transparency Market Research

ALBANY, N.Y.--()--Transparency Market Research, in its new report, titled ‘Petroleum Coke Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020’, divides the market based on product type, end-use, and regional distribution.

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According to the report, over the years, the petroleum coke market has witnessed gradual growth across the globe. Transparency Market Research states that the market will be rising from a value of US$13,288.0 million in 2013 to US$24,117.9 million by 2020, registering a CAGR of 8.5% from 2014 to 2020.

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The report analyzes two major segments of the petroleum coke market: fuel grade coke and calcined coke, whereby the former segment is expected to lead the petroleum coke market as a better, more cost-effective source of energy than natural gas and coal. Fuel-grade petcoke took up a share of more than 72.0% in the petroleum coke market in 2013, whereas calcined coke held 26.0% of the overall market in the same year.

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In 2013, Asia Pacific was recognized as the predominant petroleum coke market, as nearly 32.0% of all revenue in the petcoke market came from Asia Pacific. This is owing to the heavy demand for petcoke from countries such as China and India. Today, due to rapid industrialization in the Asia Pacific region, including India and China, the demand for fuel grade coke is expected to rise at an unprecedented pace in the next five years. The report reveals that Europe accounted for just less than a quarter of the global petroleum coke market in 2013, holding a 24% share in the market.

Asia Pacific and Europe are expected to witness high growth rates through the forecast period.

About TMR

Transparency Market Research (TMR) is a U.S.-based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

Contacts

Transparency Market Research
Mr. Nachiket Ghumare, +1-518-618-1030
USA-Canada Toll Free: 866-552-3453
sales@transparencymarketresearch.com
http://www.transparencymarketresearch.com/

Release Summary

Petroleum Coke Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020

Contacts

Transparency Market Research
Mr. Nachiket Ghumare, +1-518-618-1030
USA-Canada Toll Free: 866-552-3453
sales@transparencymarketresearch.com
http://www.transparencymarketresearch.com/