Who are the key players in petcoke industry?

Some of the major players in the industry include BP, Chevron Corporation, Exxon Mobil, HF Sinclair Corporation, Husky Energy, Marathon Petroleum Corporation, Oxbow Corporation, Phillips 66 Company, Reliance Industries, Saudi Aramco, Shell plc, Valero Energy Corp, Indian Oil Corporation, Rosneft, and TotalEnergies.

How big is the petcoke market?

The market size of petcoke was valued at USD 22.1 billion in 2024 and is expected to reach around USD 39.2 billion by 2034, growing at 5.9% CAGR through 2034.

What is the growth rate of the power plant segment in the petcoke industry?

The power plant segment accounted for 19.7% of the market share in 2024.

How much market size is expected from U.S. petcoke market by 2034?

The U.S. market of petcoke is likely to reach USD 8.4 billion by 2034.

Petcoke Market Size

Report ID: GMI1186

Published Date: March 2025

Report Format: PDF

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Petcoke Market Size

Petcoke Market was valued at USD 21.9 billion in 2023 and is estimated to grow at 5.7% CAGR from 2024 to 2032, due to its increasing use as a fuel source in various industrial processes. Petcoke, a byproduct of the petroleum refining process, possesses high carbon content and calorific value, making it an attractive fuel option for industries that require high-energy input.

The primary consumers of petroleum coke (petcoke) have been the power generation, cement production, and aluminum smelting sectors, which drive its global demand. Additionally, the increasing global population, along with ongoing industrialization and urbanization, has led to a rising demand for energy, thereby boosting petcoke production.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Question(FAQ) :

Who are the key players in petcoke industry?: Some of the major players in the industry include BP, Chevron Corporation, Exxon Mobil, HF Sinclair Corporation, Husky Energy, Marathon Petroleum Corporation, Oxbow Corporation, Phillips 66 Company, Reliance Industries, Saudi Aramco, Shell plc, Valero Energy Corp, Indian Oil Corporation, Rosneft, and TotalEnergies.
How big is the petcoke market?: The market size of petcoke was valued at USD 22.1 billion in 2024 and is expected to reach around USD 39.2 billion by 2034, growing at 5.9% CAGR through 2034.
What is the growth rate of the power plant segment in the petcoke industry?: The power plant segment accounted for 19.7% of the market share in 2024.
How much market size is expected from U.S. petcoke market by 2034?: The U.S. market of petcoke is likely to reach USD 8.4 billion by 2034.

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Authors: Ankit Gupta, Shashank Sisodia

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Base Year: 2024

Companies covered: 15

Tables & Figures: 31

Countries covered: 19

Pages: 121

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Petcoke Market Size

Petcoke Market Size

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