The report titled "Global Petroleum Coke Market: Trends and Opportunities (2013-18)" provide an insight into the market dynamics and changing trends in the global petroleum coke or petcoke market.
March 10, 2014 (Newswire) - The report covers the actual and forecasted industry production of petroleum coke in the market and also outlines the various factors fuelling the demand of the same. The report also captures the global market share based on the region and end market applications. Further, the report discusses the domestic markets of various countries such as the United States, the United Kingdom, India, China, Spain, Mexico, Japan, Russia and Canada.
It also focuses on the various trends that are currently dominating the global pet coke industry. The report concludes with brief discussion of major factors driving the global petcoke market and profiling of major players like Chevron Corporation, Conoco Phillips, Exon Mobil and Valero Energy Corporation.
Valero Energy Corporation
Petroleum Coke or Petcoke is a co-product of several distillation processes used in refining heavy crude oil. As nearly half of the petroleum refineries in the United States uses a coking process to convert heavy crude oils into refined petroleum products, more refineries are likely to follow. Although it is a refining co-product, petcoke has economic value as both a heating fuel and raw material in manufacturing.
The Global Petroleum Coke Market has witnessed gradual growth over the years. The diverse end market application and ease of availability of coke has resulted in its growing demand in the market. United States is the largest producer of pet coke and has large number of coker and oil refineries. But after the recession, the dynamics of petroleum coke industry has shifted from mature western markets to rapidly growing and expanding Asian market.
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