According to the report published by Allied Market Research, the global petroleum coke market generated $38.4 billion in 2020, and is estimated to generate $75.3 billion by 2030, witnessing a CAGR of 6.9% from 2021 to 2030. The report offers a detailed analysis of changing market trends, value chain, top segments, key investment pockets, regional scenario, and competitive landscape.  

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Rise in the usage of adhesives, increase in the global supply of heavy oils, development in cement and power generation industry, and surge in applications of petroleum coke drive the growth of the global petroleum coke market. However, government regulations on the manufacturing and usage of petroleum coke hinder the market growth. Furthermore, increased infrastructure development in the Middle East and Africa is expected to boost petroleum coke demand in the region over the forecast period.  

Leading players of the global petroleum coke market discussed in the research include Suncor Energy Inc., Oxbow Corporation, Phillips 66 Company, Nippon Coke Engineering. Co., Ltd., Aminco Resources LLC, Petroleum Coke Industries Company, Graphite India Limited, Renelux Cyprus Ltd., Marathon Petroleum Corporation, and British Petroleum.