The latest market report published by Credence Research, Inc. “Global Metallurgical Coke Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The Global Metallurgical Coke Market generated revenue of around USD 120,360 million in 2021 and is anticipated to grow a CAGR of over -3.48% during the forecast period from 2021 to 2028 to reach around USD 96,310 million in 2028. While, cumulative growth opportunity presented by the global Metallurgical Coke is around USD 751.64 billion during 2022 to 2028.
Global Metallurgical Coke Market, 2021 – 2028 (USD Million)
Browse the full report at Metallurgical Coke Market Size, Trends, Share and Growth Report Forecast to 2028 | Credence Research
Metallurgical coke is a primary raw material necessary for steel and iron production. Hence, iron and steel industry market trends directly impact the market for metallurgical coke. Increasing demand for crude steel worldwide is projected to drive the expansion of the metallurgical coke market. This will result in increased use of synthetic graphite for metallurgical uses. The metallurgical coke market is projected to maintain a steady growth rate over the next ten years. Metallurgical coke is divided into three basic categories: ash size and content. These include technical coke and foundry coke, and blast furnace coke.
High Purity Metallurgical Coke to Grow at Rapid Pace
Blast Furnace Coke, Nut Coke, Buckwheat Coke, Coke Breeze and Coke Dust are some of the important types of Metallurgical Coke used across different industries. However, Blast Furnace Coke Metallurgical Coke is growing in demand and held significant share in total revenue generation with over 35% in 2021. While, Nut Coke and Buckwheat Coke market segment is poised to play important role growth of Metallurgical Coke in the years to come.
Iron & Steel to Govern Future Growth of Metallurgical Coke Industry
Steel, Foundry Industry and Other are major application markets for the global Metallurgical Coke industry. Iron & Steel industry held the largest share of global Metallurgical Coke industry in 2021 with over 35% contribution to revenue generated by Metallurgical Coke market. Secondly, foundry industry is also expected to grow at a significant CAGR which in turn likely to drive demand for Metallurgical Coke.
Asia Pacific is Leading Metallurgical Coke Demand
Asia Pacific is leading the Metallurgical Coke industry with over 40% share in 2021. Increasing demand for iron & steel and foundry products in the region from end-user industries, demand for Metallurgical Coke is on the rise. Moreover, demand for Metallurgical Coke is growing in Asia Pacific owing to rapid growth of emerging economies. China, India, Japan, South Korea, Vietnam, etc. are most prominent economies in the region poised to play critical role in the future growth of this industry. While, Egypt, South Africa and Nigeria are expected to be next growth market in the years to come. Stringent environmental regulations in U.S., Canada, UK, Germany and France are limiting the demand for Metallurgical Coke.
Major players operating in the Metallurgical Coke industry include but not limited to ABC Coke, Ansteel, ArcelorMittal, Baosteel, BlueScope, Gujarat NRE Coke, Haldia Coke, Hickman, Williams & Company, Jiangxi BLACKCAT Carbon Black, JSW Group, Lubao-Group, Mid-Continent Coal and Coke Company, Nippon Steel & Sumitomo Metal, POSCO, Risun, Shanxi Coking Coal, SunCoke Energy, Sunlight Coking, Taiyuan Coal Gasfication, Tata Steel, United States Steel and Wisco. Global Metallurgical Coke market is characterized by the presence of large number of manufacturers across the world. Increasing production capacity in order to achieve economies of scale and growing in market share is primary focus of the industry participants.
Global Metallurgical Coke Market by Type, 2016 – 2028
- Blast Furnace Coke
- Nut Coke
- Buckwheat Coke
- Coke Breeze
- Coke Dust
Global Metallurgical Coke Market by Distribution Channel, 2016 – 2028
- Foundry Industry
Global Metallurgical Coke Market by Company, 2016 – 2028
- ABC Coke
- Gujarat NRE Coke
- Haldia Coke
- Hickman, Williams & Company
- Jiangxi BLACKCAT Carbon Black
- JSW Group
- Mid-Continent Coal and Coke Company
- Nippon Steel & Sumitomo Metal
- Shanxi Coking Coal
- SunCoke Energy
- Sunlight Coking
- Taiyuan Coal Gasfication
- Tata Steel
- United States Steel