Green Petroleum Coke Market Size And Forecast
Green Petroleum Coke Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow moderately in the forecasted period i.e. 2020 to 2027.
The Global Green Petroleum Coke Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Green Petroleum Coke Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.
What is Green Petroleum Coke?
Green Petroleum Coke refers to coke that constitutes of high content of fixed carbon, hydrocarbons and low levels of inorganic compounds. The green petroleum coke consists of low sulfur content which ultimately leads to lower pollution and lesser adverse impact on the environment. The coke which is unprocessed and taken directly out of cooking units is green coke. Due to the low Sulphur content present, it does not react readily with the surrounding environment and is usually stable.
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Global Green Petroleum Coke Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Coal is considered to be the most used fossil fuel among the conventional energy sources. According to United Nations estimate, the world population is expected to reach 9.7 billion by 2050. The increasing population coupled with the increase in per capita energy consumption will further increase the demand for energy in the foreseeable future. The depleting resources of coal is pushing the need to make a shift towards alternatives in energy sector. Also, coal consists of high sulfur content which has a detrimental effect on the environment. Green coke provides.
Moreover, green petroleum coke has a higher calorific value as compared to coal about 8000 Kcal/kg which is almost twice the value of average coal which is used in the energy generation which increases the efficiency of the powerplant as well as higher energy can be generated with same of coke as that of coal. Due to this, the energy sector is moving towards the adoption of green petroleum coke which increases the demand. Also, governments in many countries are putting restrictions to limit the use of coal and incentivize the use of non-renewable sources of energy. Also, with the depletion of coal reserves, the prices of raw materials are rising which is pushing the need to use alternative fuel sources which in turn increases the demand for green petroleum coke. All these factors combinedly augment the growth of green petroleum coke.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Green Petroleum Coke Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Global Green Petroleum Coke Market Competitive Landscape
The “Global Green Petroleum Coke Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Rain Carbon Inc., Minmat Ferro Alloys Private Limited, Oxbow Corporation, AMINCO RESOURCES LLC., Weifang Lianxing New Material Technology Co., Ltd., Atha Group, Asbury Carbons, Aluminium Bahrain (Alba), Shandong KeYu Energy Co., Ltd, Carbograf Industrial S.A. de C.V. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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Green Petroleum Coke Market, By Form
• Sponge Coke
• Purge Coke
• Needle Coke
• Shot Coke
Green Petroleum Coke Market, By Source
• Anode
• Fuel
Green Petroleum Coke Market, By End Use
• Aluminum & Other Metals
• Cement
• Power Plants
• Graphite electrode
• Others
Green Petroleum Coke Market, By Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Rest of the World
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