Market Overview:
Petroleum coke is a by-product of the oil refining process. It is mainly used as a cost-effective fuel in electric utilities and cement kilns due to its energy content. The rising electricity demand along with enhanced focus on renewable energies has boosted the usage of petcoke in power plants.

Market key trends:
One of the key trends in the petroleum coke market is its increasing use in electricity generation. Petcoke produces lesser sulfur emissions and particulate matter as compared to coal. It also has a higher heating value, which makes it a more economical fuel for power plants. Moreover, tightening emission regulations have compelled utility companies and industrial facilities to shift from coal to petcoke to reduce air pollution. This rising demand from the electricity sector is expected to drive the petroleum coke market over the forecast period.

Key Takeaways
The global Petroleum Coke (petcoke) Market Size is expected to witness high growth, exhibiting CAGR of 5.5% over the forecast period, due to increasing demand from cement and power industries.

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