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North America Petcoke Market Size
- Report ID: GMI7258
- Published Date: Jul 2024
- Report Format: PDF
North America Petcoke Market Size
North America Petcoke Market was valued at USD 8.5 billion in 2023 and is set to grow at 2.7% CAGR from 2024 to 2032. The growing demand to process heavy oil, leading to a significant expansion of refinery capacity, is expected to drive up regional demand for petroleum coke. Over the past decade, petcoke has been extensively utilized in the cement and aluminum manufacturing industries due to its high calorific value and low ash content. This trend is likely to enhance industry dynamics, supported by increased investment in regional infrastructure.
The product has been classified as non-hazardous waste by several government agencies, including the EPA, resulting in increased demand. The expanding steel applications, fueled by rapid industrialization and commercialization, are poised to propel the industry forward. In addition, the product is extensively used in electrode production within the steel industry. Additionally, the enforcement of stringent emission regulations related to coal usage in power generation and other manufacturing facilities will further drive the petcoke market growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| North America Petcoke Market Size in 2023: | USD 8.5 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 2.7% |
| 2032 Value Projection: | USD 10.8 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 100 |
| Tables, Charts & Figures: | 90 |
| Segments covered: | Grade, Physical Form, Application, & Country |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
North America Petcoke Market Scope
