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Submitted 2018-11-01 08:28:07 Authentic Matt Williams Jersey , in its upcoming report titled, 鈥淕lobal Petroleum Coke Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026鈥? offers in-depth insights, revenue details Authentic Mel Ott Jersey , and other vital information regarding the global petroleum coke market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2026. The report also offers insightful and detailed information regarding the various key players operating in the global petroleum coke market, and their financials, apart from strategies Authentic Madison Bumgarner Jersey , acquisitions & mergers, and market footprint. The global petroleum coke market is segmented on the basis of product type, end-use, and region. The global petroleum coke market was valued at US$ XX.X billion in 2016, and is expected to reach US$ XX.X billion over the forecast period at a single-digit CAGR of X.X%.
Petroleum coke also known as pet coke, is a solid rock byproduct of crude oil. Crude oil is processed into diesel, jet fuel Authentic Brandon Crawford Jersey , waxes, gasoline, and lubricating oil, leaving some residual crude. This residual crude is further refined by the process of coking, which produces transformation fuel and petroleum coke. Petroleum coke can be used as an alternative cost-effective fuel.
Major factors driving growth of the global petroleum market are increasing global energy demand and use of petroleum coke as a source of energy to power plants and generate electricity. In addition, rapid growth of the construction and cement industry in various economies is propelling demand for petroleum coke as it can be a source of carbon and this demand is expected to rise during the forecast period. Furthermore, increasing application of petroleum coke in paint and coloring industry to produce titanium dioxide Authentic Buster Posey Jersey , in paper industry and fertilizers to produce urea and ammonia nitrate is further driving growth of the global petroleum coke market. Moreover, petroleum coke is easy to produce, cost effective, and can be easily transported as it is a stable fuel.
In spite being a stable fuel, on combustion it releases more carbon dioxide (CO2) per unit of energy as compared to normal coal owing to its high carbon content, which is major factor hampering growth of the global petroleum coke market. Petroleum coke is a major contributor to formation of greenhouse gases. Petroleum coke, being an alternative cost-effective fuel with higher calorific value Authentic Joe Panik Jersey , can present new opportunities for its application in various industries.
The market in North America is expected to witness considerable growth as compared to markets in other regions in the global petroleum coke market during the forecast period. The market in Europe is projected to register highest growth rate in terms of revenue generation during the forecast period. The market in Asia Pacific is expected to register a significantly high revenue growth rate over the forecast period, owing to high demand for petcoke from emerging economies such as India and China.
Key players in the global petroleum coke market include Chevron Corporation, Essar Oil, BP Plc, HPCL, ExxonMobil Corporation, Indian Oil Corporation Limited Authentic Brandon Belt Jersey , Saudi Arabian Oil, Reliance Industries, Chevron Corporation, and Royal Dutch Shell.
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