The rising awareness about green energy sources across the world is transforming the energy and power industry. The trend of green energy is emerging on account of increasing environmental pollution from traditional energy resources. Governments are playing a significant role on conducting awareness programs about clean energy. Fortune Business Insights in a report, titled “Metallurgical Coke“ Market Size, Share and Global Trend By Type (Coke Breeze, Nut Coke, Blast Furnace Coke, Foundry Coke, Technical Coke, Others), By Application (Chemical, Iron & Steel, Sugar Processing, Glass Manufacturing, Others) and Geography Forecast till 2027” published the above information.
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Fortune Business Insights provides a detailed evaluation of the global market by analyzing the factors driving the market. Besides this, it also discusses some of the economic trends prevailing in the energy and power industry. These trends are analyzed in the report to see an overall impact on the global market.
Top Players Overview:
- Tata Steel
- Nippon Steel & Sumikin Engineering Co. Ltd.
- SunCoke Energy
- Risun Coal Chemicals Group Ltd.
- Hickman Williams and Company
- Shanxi Yiyi Coking Coal Group Co.
- Ansteel Spain
- Jiangxi BLACKCAT Carbon Black
- Shanxi Lubao Group
- Mid-Continent Coal and Coke Company.
- United States Steel Corporation.
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Key Market Driver – Expansion of the iron & steel industry
Key Market Restraint – Replacement of steel products by other substitutes
Increasing use of smart grids and smart metering are likely to help for the better management of power services. Better infrastructural facilities are also expected to encourage growth in the market.
The increased spending on oil and gas across the world is another factor likely to drive the Metallurgical Coke Market. Rising investments in energy efficiency projects backed by governments may also stimulate growth in the market. The penetration of renewable sources is increasing, fueling demand for energy and which is expected to drive the Metallurgical Coke Market.
Key Segmental Overview:
1. By Type
- Coke Breeze
- Nut Coke
- Blast Furnace Coke
- Foundry Coke
- Technical Coke
2. By Application
- Iron & Steel
- Sugar Processing
- Glass Manufacturing
3. By Geography
- 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)
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The information used is derived from various primary and secondary sources. It also throws light on some of the major players operating in the market. The report studies profiles of these leading companies and their share in the market. It provides insights on some of the strategies adopted by these companies to survive the competition and maintain their stronghold.
Key Industry Developments
- In August 2019, Bluestone Resources Inc. announced the purchase of ERP Complaint coke LLC plant in Birmingham. The plant produces high-quality metallurgical coke and was in danger of being closed which would have led 210 people to lose their jobs.
- In August 2019, NLMK group has embarked on the assembly of main process equipment for the implementation of the stamp charging technology at the operating coke oven battery at Altai-Koks. The design capacity is of 1.1MTPA, and total cost of the project is 4.5 billion rubles. This implementation will improve the coke quality, cut the cost of production, and improve the environmental footprint of operations.
- In July 2019, Arabian Cement Co. signed a deal with Egyptian Refining co. for the annual supply of petroleum coke (pet coke). Arabian Cement Co. operates in the material sector and has a major focus on construction materials. It has subsidiaries operating over Egypt working on coal and consumable fuels, construction materials, and trading company and distributors.
Major Table of Content For Metallurgical Coke Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Metallurgical Coke Market Analysis, Insights and Forecast, 2027
- North America Metallurgical Coke Market Analysis, Insights and Forecast, 2027
- Europe Metallurgical Coke Market Analysis, Insights and Forecast, 2027
- Asia Pacific Metallurgical Coke Market Analysis, Insights and Forecast, 2027
- Middle East and Africa Metallurgical Coke Market Analysis, Insights and Forecast, 2027
- Latin America Metallurgical Coke Market Analysis, Insights and Forecast, 2027
- Competitive Landscape
- Company Profile
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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