Stratview Research has recently published a report on the Petcoke Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2022 to 2028.

Petcoke Market Analysis:

Stratview Research’s report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the Petcoke Market is likely to witness an impressive CAGR of 9.8% during the forecast period to reach USD 34.63 billion in 2028.

What is Petcoke?

Petroleum coke refers to a solid carbon byproduct used as a fuel in the process of raw oil distillation. It offers high-power output and low ash content and therefore, is highly efficient as in comparison with traditionally-used fossil fuels. Some of its common types are needle, sponge, wave and shot coke. It is extremely stable in chemical products and is used primarily in the production of anodes, electrodes, bricks and metals, cement, fertilizers, etc.

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Some of the companies drives the market growth:

  • BP
  • Cocan Graphite Trammo
  • ExxonMobil
  • Marathon Petroleum
  • Reliance
  • Atha Group
  • Saudi Aramco
  • Rain CII
  • Essar Oil
  • Corporation .

Region Analysis

The petcoke industry was estimated at more than 2 billion in North America in 2016, and is all set to grow significantly over the forecast period. Business growth is majorly driven by positive perspectives for the expansion of the primary metal industry and continuous investments made in refinery expansion. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period..

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

COVID-19 IMPACT

COVID-19 has affected almost every business, irrespective of size, irrespective of region. In the year 2020, the dynamics of the ELECTRIC PRESSURE WASHER Market have shifted dramatically. The consumer climate and business practices have evolved significantly, resulting in numerous process changes that will have long-term consequences.

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