Asian Petcoke Market - Forecast(2020 - 2025)
The Asian pet coke Market is valued $3,217million in the year 2017 and is estimated to grow at a CAGR of more than 6.3% during 2018 to 2023. Asian countries significantly contributing for pet coke market are China, India and Japan. China is the major producer and consumer of pet coke market which holds the major market share 72% and estimated to grow at a CAGR of 6.2% by 2023. Aluminum industry contributed the highest share in Asian pet coke market with market share of 40%. What is Pet Coke? Pet coke which is also abbreviated as petroleum coke is a black-colored solid composed primarily of carbon, and may contain limited amounts of elemental forms of sulfur, metals, and non-volatile inorganic compounds. It is the product produced during the oil refining process and a by-product of delayed coking or fluid coking refineries. Pet coke can be classified into two different types’ fuel grade coke which is high in sulphur and metals also called as lower grade pet coke is used in electri...