North America Petcoke Market Analysis

North America Petcoke Market Analysis

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Based on grade, the fuel grade petcoke market is anticipated to surpass USD 6.2 billion by 2032. The growing emphasis on adopting cleaner fuels has led cement manufacturers to increase their use of petcoke in cement production. Many cement industries choose a blend of petcoke and coal for their kiln fuels to reduce transportation costs and minimize residual ash content, thereby increasing the product demand.
 

Based on application, the cement application is set to registet about 3% growth rate till 2032. Rising infrastructure demands and expanding construction practices have greatly impacted the growth of the cement industry. Established players are making substantial investments to boost their production capacity in response to the increased demand from the real estate sector.
 

The U.S. petcoke market is anticipated to exceed over USD 10.2 billion by 2032, due to the expanding beyond domestic demand, increased exports to countries where it is used in industrial applications. The expansion of refining capacity in the U.S. is contributing to increased petcoke production, particularly driven by the efficient processing of heavy crude oil from sources such as the Canadian oil sands.