- The key vendors in the global petcoke market 2015-2019 are BP plc, Chevron Corp., China National Petroleum Corp. (CNPC), Royal Dutch Shell plc, Reliance Industries Ltd. and Saudi Aramco
London, 22 April 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global petcoke market 2015-2019. Growing number of coker units is one of the key trends emerging in the market. With rising production of heavy oil and tar sands, producers are integrating more coker units in their refinery layouts to optimize operations and boost recovery of saleable fuel oils such as gasoline, diesel, and kerosene. The global petcoke market is expected to grow at a CAGR of 10.29% during the forecast period of 2014-2019.
“Rise in petcoke production will likely lead to a scenario where demand for the by-product will trail production volumes,” says Faisal Ghaus, Vice President of Technavio Research.
“Petcoke can be converted into syngas by the environmentally friendly gasification process, which efficiently captures most of the energy.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
