The Global Pitch Coke Market generated revenue of around USD 813.78 million in 2021 and is anticipated to grow a CAGR of over -2.45% during the forecast period from 2022 to 2028 to reach around USD 684.07 million in 2028. While, cumulative growth opportunity presented by the global Pitch Coke is around USD 5.64 billion during 2022 to 2028.
Global Pitch Coke Market, 2021 – 2028 (USD Million)
Coke is a raw material used during the production of carbon and a few binding agents. There are many different types of coke in the industry: pitch coke, needle coke, petroleum coke, carbon black, and metallurgical coke. In this report, we will be talking mostly about pitch coke specifically.
Pitch coke is made from thermally treated coal tar by two different processes. The first process is the delayed coking process, and the second is the conventional coking process. Pitch coke is structurally less ordered than petroleum coke or needle coke but is higher in strength and hardness.
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Golden Calcinated Coke to Grow at Rapid Pace
Raw Coke and Calcined Coke are some of the important types of Pitch Cokes produced and consumed across different region. However, calcinated coke is growing in demand and held significant share in total revenue generation with over 55% in 2021. While, raw coke held over 35% share in total revenue generation in 2021 and poised to play important role in growth of Pitch Coke in the years to come.
Growing Demand from Aluminum Anode and Artificial Graphite Electrode is Driving the Growth of Pitch Coke
Aluminum Anode, Artificial Graphite Electrode, Decarburized, Carbon Specialty, Carbon Additive, Crucibles for Semiconductors, Equipment for Solar Array Panel and Others are major application markets for the global Pitch Coke industry. Aluminum Anode and Artificial Graphite Electrode segment held the largest share of global Pitch Coke industry in 2021 with over 35% contribution to revenue generated by Pitch Coke market. Carbon Specialty, Carbon Additive, Crucibles for Semiconductors and Equipment for Solar Array Panel applications are also expected to grow at a significant CAGR which in turn likely to drive demand for Pitch Coke.
Asia Pacific is Second Leading Market for Pitch Coke
Asia Pacific is leading the Pitch Coke industry with over 50% share in 2021. China, India, South Kore and Japan dominate production as well as consumption of Pitch Coke. While, Europe and North America collectively hold around 35% market share. Stringent regulations in Europe and North America are limiting growth of this industry. While, rapidly depleting natural resources also likely to result into shrinking of this industry.
Significance of War between Russia & Ukraine for Pitch Coke Importers
As Ukraine and Russia has meager contribution in production as well as consumption of Pitch Coke the impact of war between Russia and Ukraine will be minimal on production as well as demand market. However, disruption in supply chain and increasing fuel prices are effecting the pricing of pitch coke.
Major players operating in the Pitch Coke industry include Asbury Carbons, Avdiivka Coke, Baitailong, Baowu Carbon, C-Chem, Fangda Carbon New Material, Kaifeng Carbon, Mitsubishi Chemical, Ningxia Wanboda, PMC Tech, RESORBENT, Sasol, Shaanxi Coal and Chemical Industry Group, Shamokin Carbons, Shanxi Hongte and Tianjin Yunhai Carbon.
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Pitch Coke Report Scope
Report Attribute
Details
Market Value in 2021
USD 813.78 million
Market Value in 2028
USD 684.07 million
CAGR
-2.45% between 2021 and 2028
Benchmarking Year
2021
Past data
2016 – 2021
Forecast period
2022 – 2028
Market Segmentation
Global Pitch Coke Market by Type, 2016 – 2028
Global Pitch Coke Market by Application, 2016 – 2028
Global Pitch Coke Market by Company, 2016 – 2028
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