DUBLIN, October 4, 2017 /PRNewswire/ --
The "Global Petcoke Market 2017-2021" report has been added to Research and Markets' offering.
The global petcoke market is forecast to grow at a CAGR of 7.82% during the period 2017-2021.
The report, Global Petcoke Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is increase in the complexity of refineries. Different types of refineries are present across the globe that are processing crude oil into commercially usable fuel. The types of units to be installed in a refinery depends on the end-user requirements, and on the type of crude it will be processing.
According to the report, one driver in the market is petcoke as a cost-effective fuel. Petcoke resembles coal closely in terms of physical and chemical properties, but the discrimination lies in the difference in carbon emissions, which is higher for petcoke. Petcoke is a refinery by-product and a derivative of heavy crude oil and tar sands and is increasingly being used as a cheaper alternative to coal to generate power from coal-fired power plants. Since petcoke is a by-product in the hydrocarbon value chain, it is much cheaper than conventional coal. Thus, in many coal-fired power plants, coal is being blended with a high proportion of petcoke to bring down the unit cost of power generation.
Further, the report states that one challenge in the market is increasing investments in renewable source of energy. Growing awareness about the concerns associated with climate change has resulted in increased investments in the field of renewables. The year 2015 has witnessed a growth in the renewable energy market despite the fall in oil and gas prices and fluctuating exchange rates. Rising concerns among individuals about environmental pollution have pushed government and private sectors to increase investments in the field of renewables.
- Royal Dutch Shell
- Reliance Industries
- Saudi Aramco
Other prominent vendors
- Exxon Mobil
- Essar Oil
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Product
Part 07: Market Segmentation By End-User
Part 08: Geographical Segmentation
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Key Vendor Analysis
Part 14: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/d3fvjc/global_petcoke
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets