According to the recent research report titled ‘Global Green Petroleum Coke and Calcined Petroleum Coke Market Size study, by Type (Fuel Grade, Calcined Coke) by Application (Green Petroleum Coke, Calcined Petroleum Coke) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global green petroleum coke and calcined petroleum coke market is expected to record considerable growth over 2021-2027.
 

Global green petroleum coke and calcined petroleum coke market growth can be credited to increasing technological innovations, along with rising aluminum production and output, cites the study.  
 

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For the uninitiated, green petroleum coke is generally utilized as a fueling agent, while calcined petroleum coke is used as a raw material for supplying fuel in a wide range of applications, including aluminum, colorings, paints & coatings, and many more.
 

Rising investments in construction and other industrial operations, as well as growing environmental consciousness are expected to boost market growth over the projection period. On the contrary, impact of COVID-19 on this industry vertical and increased competition among rivals are anticipated to hamper the revenue flow over the study duration.
 

Based on type, worldwide green petroleum coke and calcined petroleum coke industry is split into calcined coke and fuel grade. As per application spectrum, the market is divided into calcined petroleum coke and green petroleum coke.
 

Coming to geographical ambit, Europe, North America, Asia Pacific, and Latin America are the key areas considered for the regional assessment of the overall market. Asia Pacific presently accounts for considerable market share owing to escalating demand and production of petroleum products in the region.
 

Notably, in 2020, firms in India produced aluminum in huge amounts: Hindalco (986.09 thousand metric tons), Nalco (316.4 thousand metric tons), and Vedanta (1413.8 thousand metric tons).
 

On the other hand, North America market is projected to record a robust CAGR over 2021-2027, attributable to increasing investments in the sector.
 

With respect to competitive terrain, Rio Tinto Group, Rain Carbon Inc., Phillips 66 Company, Petrocoque S.A., Maniyar Group, Elsid S.A., CNOOC Ltd., BP plc, Aluminium Bahrain B.S.C. (Alba), and Oxbow Corporation are the prominent firms operating in worldwide green petroleum coke and calcined petroleum coke marketplace.