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Region : Global | Published Date: Upcoming | Report ID: FBI101347| Status : Pipeline
Metallurgical coke is obtained by destructive distillation of blends of bituminous coal. The primary by-products obtained by distillation of bituminous coal include coke, coal tar, coal gas, and amino acid liquor. The thermal value of the coke is decided by the carbon content present in the coke, higher the carbon content higher the thermal value of the coke.
Metallurgical coke is used in applications where a robust, resilient and high quality wearing carbon is needed. The production of iron and steel is the primary application of the metallurgical coke. The other sectors in which metallurgical coke plays a significant role in the construction industry and the automobile industry.
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These industries are the major consumers of steel; therefore, growth in these industries directly impacts the growth of the global metallurgical coke market. Apart from these metallurgical coke is also used in blast furnaces, Ferro-alloy production, sinter plants, foundry carbon raiser, foundry coatings, conductive flooring, friction materials, reducing agents, heat treatment, etc.
On the basis of its types, the global metallurgical coke market can be segmented into coke breeze, nut coke, blast furnace coke, foundry coke, technical coke, and others. The important application of the blast furnace coke in steel production will see it hold a significant market share over the forecast period.
Based on its applications global metallurgical coke market can be segmented into the chemical industry, iron and steel production, sugar processing, glass manufacturing, and others. The iron and steel production segment accounted for a major market share in recent years in the global metallurgical coke market, and this trend is set to continue over the forecast period owing to increased construction activities and increased automobile demand over the world.
The major market driver for global metallurgical coke market is the increasing demand for steel, which has led to the expansion of the steel industry. The expansion of the steel industry will drive the growth of the global metallurgical coke market as metallurgical coke is used in the steel and iron industry. The other factors which would influence the growth of the market are the expansion of the chemical, construction, and automotive industry.
The Key Market restraint for the global metallurgical coke market is the threat posed by the upcoming new materials which act as a substitute for steel and can, therefore, hinder the growth of the global metallurgical coke market.
Some of the major companies that are present in the global metallurgical coke market are Tata Steel, ArcelorMittal, BlueScope, Nippon Steel Corporation, SunCoke Energy, JSW, POSCO, Risun Coal Chemicals Group Ltd., Hickman Williams and Company, Shanxi Yiyi Coking Coal Group Co., Ltd., Ansteel Spain, S.L., Jiangxi BLACKCAT Carbon Black, Shanxi Lubao Group, Mid-Continent Coal and Coke Company., Oxbow, and United States Steel Corporation.
· Coke Breeze
· Nut Coke
· Blast Furnace Coke
· Foundry Coke
· Technical Coke
· Iron & Steel
· Sugar Processing
· Glass Manufacturing
· North America (The USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico, and Rest of Latin America)
· Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)
The global metallurgical coke market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific region is the leading producer of carbides and steel, which are the major application fields of the metallurgical coke accounts for a major share in the global metallurgical coke market. China is the dominant country in the region and globally in the metallurgical coke market accounting for more than half of the market due to large consumption of coke and presence of various leading market players in the country. Asia Pacific region has seen the highest growth and holds the maximum opportunities for the metallurgical coke market during the forecast period. The expanding construction and automotive sectors are the factors which have influenced the growth of the global metallurgical coke market in the North America and Europe region.