Get a free sample of Americas Petcoke Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Get a free sample of Americas Petcoke Market
Thank you!
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Americas Petcoke Market Size
Americas Petcoke Market has valued at USD 9.6 billion in 2023 and will rise with CAGR of 2.6% between 2024 to 2032. Increasing economic growth along with rising infrastructure development in emerging markets including Brazil, Chile, Mexico, among others will contribute to the product utilization. Shifting focus towards adoption of fuel-grade petcoke coupled with stricter emission standards particularly in the U.S. & Canada will increase the product usage in end use industries over the forecast period.
Technological advancements in refining processes are enhancing petcoke quality and efficiency, further driving its adoption across various industrial applications. For instance, in June 2022, Texas A&M University and ExxonMobil are innovating a process to repurpose petroleum coke into graphene using electrochemical exfoliation. Graphene, a nanomaterial, holds promise across various fields such as electronics, medicine, and energy storage. These innovations are contributing to the growth of market.
Who are the major americas petcoke industry players?
AMINCO RESOURCES LLC, ASPO Energy Ltd, Bharat Petroleum Corporation Limited, BP p.l.c, Cenovus Inc, Chevron Corporation, CITGO Petroleum Corporation, and Cocan graphite among others.
Why is the petcoke industry booming in the U.S.?
U.S. petcoke market is projected to exceed USD 10 billion by 2032, surged by its extensive oil refining capacity, which produces large quantities of petcoke as a byproduct.
How much is the Americas petcoke market worth?
Americas petcoke market was valued at USD 9.6 billion in 2023 and will grow at 2.6% CAGR between 2024 to 2032, driven by increasing economic growth along with rising infrastructure development in emerging markets including Brazil, Chile, Mexico.
Why is the demand for fuel grade petcoke rising in Americas?
The fuel grade petcoke segment in the Americas petcoke industry is expected to surpass USD 7 billion by 2032, propelled by its cost-effectiveness and high calorific value.