Middle East & Africa to Expand Refinery Coking Capacity Aggressively
Rockville, MD, /Marketwire - MarketResearch.com has announced the addition of the new report “Refinery Coking Units - Global Market Analysis, Capacity Forecasts and Competitive Landscape to 2016,” to their collection of Energy market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6394910
“Refinery Coking Units - Global Market Analysis, Capacity Forecasts and Competitive Landscape to 2016”, is the latest report from GlobalData, the industry analysis specialists, that offers comprehensive information on the Refinery Coking Market. The report provides information on the global and regional refinery coking capacities and also highlights the key issues and trends in the global refinery coking market. The research provides an in depth analysis of the global refinery coking market with focus on refinery coking capacity growth by key companies and countries across various regions globally. The report also highlights the coking operations of some key refining companies globally. Despite possessing huge crude oil reserves, the Middle East and Africa have a limited presence in the global coking market. In 2010, the region had a coking capacity of 7.5 MMtpa, which was 2.5% of the global coking capacity. During the period 2005-2010, the coking capacity of the region increased at an average annual growth rate (AAGR) of 4.0%. This was largely due to relatively relaxed regulations for emission in the region.
However, with most oil producing countries in the region planning to emerge as leading petroleum product exporters, the number of complex refineries in the region have been increasing. By 2014, the Middle East and Africa is planning to triple its current coking capacity. During the period 2011-2016, the region’s coking capacity growth is expected to be at an AAGR of 24.9%, which would be the highest amongst all global regions.
The global refinery coking market is highly fragmented as there is no absolute domination by any one country or company. In 2010, the global coking market consisted of 80 companies, 171 operational coking refineries across 37 countries from five regions, with a total coking capacity of 305.3 million metric tons per annum (MMtpa).
The top five companies worldwide accounted for 36.8% of the global coking capacity in 2010. Operations of three of these top five companies - ExxonMobil Corporation, ConocoPhillips and Valero Energy Corporation are spread across various countries, while the other two companies, China Petroleum & Chemical Corporation and Petrochina Company Ltd. have operations in China.About MarketResearch.com
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