Metallurgical Coke Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Metallurgical Coke Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The metallurgical coke market is expected to register a CAGR of around 3% during the forecast period. Metallurgical coke is a basic raw material used for the production of pig iron and steel.

Key Highlights

• The iron and steel making segment dominated the market and is likely to grow during the forecast period.
• Asia-Pacific dominated the market across the world, with robust demand from China, followed by India.

Key Market TrendsIron and Steel Making Segment to Dominate the Market

Metallurgical coke is primarily used as a raw material for the production of iron and steel, hence, market trends across the steel industry directly reflect on the metallurgical coke market. The growing crude steel production across the globe is expected to drive the application of synthetic graphite in metallurgical applications. However, declining aluminum production is expected to hinder the market growth. According to the World Bureau of Metal Statistics, the global aluminum production has witnessed a dip of 0.9% during 2018-19 and was valued at 63.7 million metric tons in 2019. Hence, the above-mentioned trends in the metallurgy industry are likely to affect the demand for metallurgical coke in metallurgical applications.

China to Dominate the Asia-Pacific Market

China continues to dominate metallurgical coke production and demand globally. The growing production of motor vehicles along with the expanding residential construction industry is expected to support the domestic demand for non-ferrous alloys and iron and steel, which is a positive factor for the growth of the metallurgical coke demand in the coming years. The increasing production of motor vehicles along with the expanding residential construction industry is expected to support the domestic demand for non-ferrous alloys and iron and steel, which is a positive factor for the growth of the metallurgical coke demand in the coming years. The COVID-19 has presented a problematic situation for metallurgical coke in the country in the early 2020. However, the conditions got better now which concreted the probability of market recovery over the forecast period.

Competitive Landscape

The market for metallurgical coke is partially consolidated with the top ten players accounting for a significant share of the market. Some of the major players in the market include OKK Koksovny, a.s., SunCoke Energy Inc., Hickman, Williams & Company, ECL, and Mechel, amongst others.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

ArcelorMittal
BlueScope Steel Limited
China Risun Coal Chemicals Group Limited
CHINA SHENHUA
Drummond Company, Inc.
ECL
GNCL
Hickman, Williams & Company
Jiangsu surung High
carbon Co., Ltd.
JSW
Mechel
NIPPON STEEL CORPORATION (incl. NIPPON COKE & ENGINEERING. CO., LTD.)
OKK Koksovny, a.s.
Sino Hua
An International Bhd.
SunCoke Energy Inc.
YILDIRIM Group

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