market overview of calcined petroleum coke (CPC)
1. Market Size and Growth:
– The global CPC market has witnessed steady growth over the years.
– In 2023, the market was valued at approximately USD 8.6 billion.
– Projections indicate a CAGR of 3.7% from 2023 to 2029, reaching an estimated value of USD 10.79 billion.
2. Key Drivers:
– Aluminum Industry Demand: The primary driver is the increasing demand for aluminum. As urbanization and industrialization continue, aluminum consumption rises, necessitating CPC for anode production.
– Shift in Sulfur Content: The market is gradually shifting toward higher sulfur grades due to cost considerations and changing dynamics.
– Environmental Considerations: Companies are exploring sustainable alternatives, emphasizing CPC’s importance in meeting manufacturing requirements.
