Calcined Petcoke Market Summary
The Global Calcined Petcoke Market is expected to register a CAGR of 5.5% and reach around USD 2.9 Billion during the forecast period. The growth is driven by the demand in the aluminum industry. The growth in the demand is primarily influenced by the rise in consumption of aluminum in an array of end-use industries from aerospace to equipment manufacturing. Furthermore, the ongoing initiatives to promote and commercialize the use of electric vehicles (EVs) across the globe has increased the demand for aluminum owing to its lightweight property, which is expected to positively influencing the growth of the global calcined petcoke market during the forecast period.
The market for Calcined Petcoke has boomed due to the rise in the demand for mercury treatment technologies in air purification applications. There are also several businesses which have yet to low their use of different mercury-containing processes and goods. Though not presently in demand, in the near future, technical advances will give rise to increasing demand for Calcined Petcoke. ReCalcined Petcoke is cheap and can overcome the high cost associated with traditional Calcined Petcoke.
Obtain Brochure For Latest Technology Advancements @ https://www.marketresearchfuture.com/sample_request/7897
Calcined Petcoke Market Competitive Analysis
Some of the key players operating in the global calcined petcoke market are Metso Corporation (Finland), Garcia Munte Energia SL (Spain), Amritesh Industries Pvt. Ltd (India), Essar (India), Atha Group (India), Aminco Resources LLC (US), Rain Carbon Inc (US), India Carbon Limited (India), Bharat Petroleum Corporation Limited (India), IOCL (Switzerland), Oxbow Corporation (US), and Maniayargroup (India).
Top Drivers and Challenges
The Calcined Petcoke Market Overview can continue advancing rapidly despite the COVID-19 outbreak, given the significant focus on innovations as well as research and development/R&D activities. Following the SARS-CoV-2 onset, there has been a substantial increase in the number of tie-ups between companies, with the common aim to mitigate the financial loss brought on by the pandemic. Although the lockdown has weakened supply chains to a large extent, the demand for advanced Calcined Petcoke in numerous industries will remain high in the coming time.
In the post novel coronavirus era, leading firms have started to manufacture Calcined Petcoke masks with high performance filter. These products are claimed to be the best method to prevent the spread of SARS-CoV-2. Studies reveal that these Calcined Petcoke masks can also boost lung capacity and respiratory muscles. Also, the spike in technology and product innovations, especially post the COVID-19 outbreak, can ensure sustainable market growth over the conjectured period. To illustrate, in March 2020, a researchers group from Texas Tech University developed a decontamination wipe that helps get rid of poisonous components. The wipe can also be used to clean all the body fluids that have been contaminated with SARS-CoV-2.
Strict government standards pertaining to emission control, growing need to curb mercury from the power plants and the mounting for clean water could also work in favor of the Calcined Petcoke Market. Out of all the end users, Calcined Petcoke is widely deployed in sewage treatment plants and potable water purification. The water treatment technology has gained significant traction worldwide, while many firms are striving to uptake eco-friendly water disposal methods, which has been favorable for Calcined Petcoke, in terms of demand.
Access Full Report Details and Order this Premium Report @ https://www.marketresearchfuture.com/reports/calcined-petcoke-market-7897
Calcined Petcoke Market Segment Analysis
Based on applications, the global market has been segmented into aluminum, steel, titanium dioxide, plating, paint & coatings, fertilizer, and others. The aluminum segment accounted for over 35% of the market share in terms of volume and value; aluminum is the key segment that is propelling the usage of calcined petcoke. In addition, the optimistic outlook of the steel industry due to the industrial growth and infrastructure development are expected to drive the demand for metallurgical coke. The titanium dioxide is expected to be the fastest growing segment due to its application in the batteries used in EVs. The growth is attributed to the booming lithium-ion battery industry and subsequent demand for lightweight auto parts.
Based on grade, the global market has been divided into anode grade and needle grade. The anode segment accounted for the largest market share owing to the increasing adoption of anode grade calcined petcoke as the principal raw material in the production of carbon anodes used in aluminum smelting. Calcined petcoke can either be fuel grade or anode grade, anodes act as a source of carbon and conductors of electricity in the electrolytic cell, which reduce alumina into aluminum metal. The needle grade calcined petcoke is used as a high-power and ultra-high-power graphite electrode in steel making. The increasing demand for steel in automobile production is further expected to propel the growth of the needle grade segment during the forecast period.
Buy Now @ https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=7897
Calcined Petcoke Market Regional Analysis
The global calcined petcoke market, by region, has been segregated into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The Asia-Pacific market held the largest share of the global market followed by Europe and North America. The surge in building & construction activities, automobile production, and increasing demand for aluminum in the aerospace industry are some of the prominent factors fueling the demand for calcined petcoke across the globe. For instance, in March 2019, Salmeen Industrial Projects LLC and BSW Group Holdings opened a new calcined petcoke plant in Oman, Saudi Arabia, which is expected to produce 450,000 metric tonnes calcined petcoke annually.
Read more reports at: https://www.marketresearchfuture.com/categories/chemicals-market-report
Read more details at: https://www.marketresearchfuture.com/infographics
Read more details at: https://www.marketresearchfuture.com/videos
About Market Research Future:-
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact Us:
Wantstats Research and Media Private Limited
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Maharashtra, India