How big is the Calcined Petroleum Coke Market | Trends and Global Value 2025

Q: How big is the calcined petroleum coke market in 2024?

The calcined coke market was estimated at USD 12 billion in 2024 and is projected to reach USD 17.3 billion by 2031.

Q: What is driving the growth of the calcined petroleum coke market?

Rising demand from aluminium, steel, and titanium dioxide sectors is driving market growth.

Q: Who are the key players in the calcined petroleum coke market?

Rain Carbon, Oxbow, Phillips 66, BP, and Shandong Sunshine are major players.

Q: What is the expected market growth rate?

The calcined petroleum market is projected to grow at a CAGR of 7.1% from 2025 to 2031.

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Code: MTA5539

Publication Date: Jul 2025

What is the size of the Calcined Petroleum Coke Market?

According to 6Wresearch internal database and industry insights, the Global Calcined Petroleum Coke Market was demonstrated around USD 12 billion in 2024 and is projected to reach USD 17.3 billion by 2031, growing at a CAGR of 7.1% during the forecast period 2025–2031.

Due to rising demand from aluminium and steel industries, expanding infrastructure development, and increasing use in titanium dioxide and other industrial applications, the market is predicted for the growth in the future.

Key Growth Factors of the Calcined Petroleum Coke Market

High demand from aluminium smelters for anode production
Expansion in steel manufacturing and metallurgical sectors
Increased infrastructure spending in emerging economies
Use in titanium dioxide production for paints and coatings
Growing demand for pure carbon materials in advanced industries

Calcined Petroleum Coke Market Trends

The calcined petroleum market is witnessing growth with numbers of trends which include the rising focus on low-sulphur, high-quality grades of calcined petroleum coke (CPC) for enhanced efficiency in smelting processes. The investment is rising in cleaner calcination technologies to meet tightening environmental regulations. Further, strategic collaborations between refineries and aluminium producers are streamlining supply chains.

Emerging Developments in the Calcined Petroleum Coke Market

Calcined petroleum coke market is seeing new developments which include the technological advancements in vertical shaft kilns and rotary kilns are improving production efficiency and energy recovery. The efforts of circular economy is driving interest in recycling and waste heat utilization during calcination. Moreover, geopolitical shifts in raw material availability are influencing global trade patterns and regional production strategies.