Research and Markets: Global Petcoke Market 2015-2019: A Major Driver for Market is Rising Level of Heavy Oil and Tar Sands Production in Canada and Venezuela’s Orinoco Belt
May 11, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/7r292z/global_petcoke) has announced the addition of the “Global Petcoke Market 2015-2019” report to their offering.
The analysts forecast the global petcoke market to grow at a CAGR of 10.29 percent over the period 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the global petcoke market for the period 2015-2019. The global petcoke market has been segmented on the basis of products (fuel-grade and calcined coke) and end-users (cement, power plants, aluminum, steel, fertilizer, paper, and paints and colouring industries).
Key Vendors
– BP
– Chevron
– China National Petroleum
– Reliance Industries
– Royal Dutch Shell
– Saudi Aramco
Other Prominent Vendors
– Essar Oil
– HPCL
– IOCL
– Koch Carbon
– Oxbow
– Valero
According to the report, one of the major drivers for the market is the rising level of heavy oil and tar sands production in Canada and Venezuela’s Orinoco Belt. An estimated 15%-25% of the tar sand bitumen will end up as petcoke through various refining and upgrading processes. Over 169 billion barrels of recoverable bitumen have been estimated in Canadian reserves, which is only a small portion of the total reserve. The recoverable bitumen reserves are expected to increase in the future, as production technologies advance and oil prices rise.
For more information visit http://www.researchandmarkets.com/research/7r292z/global_petcoke
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