MarketResearch.biz announces publication of its most recently generated research report titled, “Global Metallurgical Coke Market by Product Type (Blast Furnace Coke, Nut Coke, Buckwheat Coke, Coke Breeze, and Coke Dust), By Application (Steel, Foundry Industry, and Other Applications), and Region – Global Forecast to 2028.”, which offers a holistic view of the global metallurgical coke market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2019–2028) is projected to be over US$ 1.0 Bn, which is estimated to increase moderately over the latter part of the five-year forecast period.
Coke is extracted through the process of distillation of metallurgical coal or coking coal. The coking coal is distilled at a very high temperature (above 1100oC) under oxygen-free conditions in a coke oven. The end product obtained from this process is metallurgical coke. The coal is purified from the volatile component of the coal after this process. One of the key ingredients used in the steel manufacturing industry is metallurgical coke. In a blast furnace, coke and limestone are heated to make steel from iron ore and other elements. Because coke has stable combustion temperature characteristics and low smoke or no smoke generation, it can be widely used in various industries such as steel because coke generates heat without causing severe harm to the environment; as per certain data, more than 90% of the coke produced is used in these industries. The dry quenching process reduces air pollution compared to other traditional processes; thus, the use of dry quenching is increasing.
Global Metallurgical Coke Market: Market Dynamics
Rapid growth in steel and iron industries because of their vast and ever-extending application, increasing expenditure in infrastructure fuel for the steel market, and increasing adoption of dry quenching method instead of wet quenching method to reduce environmental hazards are some of the factors that are driving the growth of the target market. Also, rapid industrialization in emerging economies like India and China contributes to the growth of the metallurgical coke market.
Limited mining approvals and less availability of high-quality coal across the regions for manufacturing metallurgical coal are the major reasons that affect the growth of the target market.
Global Metallurgical Coke Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global metallurgical coke market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global metallurgical coke market is estimated to expand at a moderate CAGR of 4.6% during the forecast period.
Global Metallurgical Coke Market: Segmental Snapshot
The market report has been segmented on the basis of product type, application, and region. The product type segment includes Blast Furnace Coke, Nut Coke, Buckwheat Coke, Coke Breeze, and Coke Dust. The application segment includes Steel, Foundry Industry, and Other Applications. The region covered in the analysis are The US, Europe, Japan, China, and the Rest of the World.
By product type: The blast furnace coke segment is expected to register a CAGR of over 4.5%, thereby accounting for the highest revenue share among the type segments.
By application: The steel segment is expected to register a CAGR of over 4.3% over the forecast period, thereby accounting for the highest revenue share among the application segments.
By region: The market in China accounted for the highest revenue share in the global Metallurgical Coke market in 2018 and is estimated to register a CAGR of over 4.9% between 2020 and 2028.
Global Metallurgical Coke Market: Competitive Analysis
The research report on the global Metallurgical Coke market includes profiles of major companies such as United States Steel Corporation, BlueScope Steel Limited, Drummond Company, Inc. (ABC Coke), Gujarat NRE Coke Limited, JSW Steel Limited, Hickman, Williams & Company, Mid-Continent Coal & Coke Company, Angang Steel Co., Ltd., China Baowu Steel Group Corporation Limited, ArcelorMittal, Nippon Steel & Sumitomo Metal Corporation, POSCO, Tata Steel Limited, SunCoke Energy, Inc., Risun Coal Chemicals Group Ltd., Shanxi Coking Coal Group Co., Ltd., Taiyuan coal gasification (Group) Corporation Limited, Shanxi Lubao Coking Group Co. Ltd., and Jiangxi Black Cat Carbon Black Inc., Ltd.
The Global Metallurgical Coke Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2019–2028 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global Metallurgical Coke Market for 2018–2028.
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