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Americas Petcoke Market Trends

Report ID: GMI9819
Published Date: Jun 2024
Report Format: PDF

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Americas Petcoke Market Trends

Americas petcoke industry is witnessing a shift towards higher-grade petcoke with lower sulfur content, driven by stringent environmental regulations along with increasing focus on sustainability is resulting various companies to invest in technologies to reduce emissions during petcoke production and utilization. Furthermore, major players are forming strategic partnerships to enhance distribution efficiency and reliability.

For instance, in January 2020, ExxonMobil Catalysts and Licensing LLC partnered with Axens in a licensing alliance, granting Axens global rights to market and provide engineering support for FLEXICOKIN technology, which aims to offer resid conversion solutions that enhance liquid yields and minimize pet-coke production, meeting customer needs efficiently.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

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.

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.

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.

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.