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Kanika Sharma

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Market Research and Prefeasibility Study for Pet Coke Production 2023-2028 | Syndicated Analytics
Pet Coke Manufacturing Plant: Industry Trends, Project Report, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue 2023-2028, 3/17/2023 - The study, which is based both on desk research and multiple waves of qualitative primary research, is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are planning to foray into the pet coke industry in any manner.

Pet coke, also referred to as petroleum coke, is a solid carbon byproduct produced in the oil refining process. It consists of elemental forms of sulfur, metals, and non-volatile inorganic compounds. Pet coke is highly stable and non-reactive under ambient conditions, has high calorific power and low ash content, and does not dissolve in water. As a result, it is widely employed as a major fuel source for coal in bricks, power plants, anodes, cement, electrodes, and fertilizer factories.

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The increasing number of infrastructural development projects is primarily augmenting the pet coke market. In addition to this, the escalating demand for steel that utilizes graphite electrodes for steelmaking in the construction sector is stimulating the market growth. Furthermore, the rising adoption of calcined pet coke as a substitute for coal in steel mills, furnaces, burners, etc., is offering lucrative growth opportunities to the global market. Apart from this, the emerging popularity of green pet coke, which has less sulfur content, improved flexibility, high resistance to corrosion, enhanced thermal and electrical conductivity, etc., is acting as another significant growth-inducing factor. Moreover, the rising electricity consumption, and the inflating need for a continuous supply of electricity, are catalyzing the demand for pet coke to reduce the instances of power failures. Besides this, the increasing usage of pet coke to lower the dependency on fossil fuels for energy generation and the launch of numerous favorable policies by government bodies to minimize the carbon footprint of the construction sector are expected to propel the pet coke market in the coming years.

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About Us: Syndicated Analytics, a subsidiary of IMARC Group, offers consulting services and provides comprehensive market intelligence in the form of research reports, production cost reports, and feasibility studies. Our team, consisting of experienced researchers and analysts from diverse industries, is deeply committed to the quality of the information and insights delivered to the clients, which range from small and medium enterprises to Fortune 1000 companies.

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