What is Global Foundry Coke Market?
The Global Foundry Coke Market is a vast and dynamic sector that plays a crucial role in the global economy. Foundry coke, a type of fuel with a high carbon content, is primarily used in foundries for the smelting of mineral ores. The market for this product is influenced by a variety of factors, including the demand for cast metal products, the availability of raw materials, and the environmental regulations in place in different regions. In 2022, the global market value for foundry coke stood at a significant US$ 2133.6 million. This figure is projected to increase to US$ 2370.9 million by 2029, indicating a Compound Annual Growth Rate (CAGR) of 1.5% from 2023 to 2029.
Ash Content ＜8%, 8% ≤ Ash Content ＜10%, Ash Content ≥10% in the Global Foundry Coke Market:
The Global Foundry Coke Market can be segmented based on ash content into three categories: Ash Content ＜8%, 8% ≤ Ash Content ＜10%, and Ash Content ≥10%. Ash content is a critical parameter in the quality of foundry coke. Lower ash content implies higher purity and better performance of the coke in the foundry process. However, the production of low-ash coke requires more sophisticated and costly processing techniques. On the other hand, coke with higher ash content is cheaper to produce but may lead to operational issues in the foundry due to the presence of impurities. The market demand for these different types of coke varies based on the specific requirements of the foundries and the cost-effectiveness of the coke.
Automotive Parts Casting, Machinery Casting, Others in the Global Foundry Coke Market:
The Global Foundry Coke Market finds its applications in various sectors, including Automotive Parts Casting, Machinery Casting, and others. In the automotive industry, foundry coke is used in the casting of parts such as engine blocks, cylinder heads, and transmission components. The high heat and low smoke properties of foundry coke make it ideal for this purpose. Similarly, in the machinery casting sector, foundry coke is used in the production of various machine parts. Other applications of foundry coke include the casting of components for the construction, aerospace, and defense industries. The demand in these sectors is influenced by factors such as the growth of the industries, the level of industrialization, and the technological advancements in casting processes.
Global Foundry Coke Market Outlook:
In terms of market outlook, the Global Foundry Coke Market is expected to see steady growth in the coming years. In 2022, the market was valued at US$ 2133.6 million and is projected to reach US$ 2370.9 million by 2029. This represents a CAGR of 1.5% during the forecast period of 2023-2029. The Asia-Pacific region is the leading consumer of foundry coke, accounting for about 20% of the global market. This is followed by North America, which holds a 15% share of the market. The market dynamics in these regions are influenced by factors such as the level of industrialization, the growth of the automotive and machinery industries, and the environmental regulations in place.
| Report Metric | Details |
| Report Name | Foundry Coke Market |
| Accounted market size in 2023 | US$ 2133.6 million |
| Forecasted market size in 2030 | US$ 2370.9 million |
| CAGR | 1.5% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | ABC Coke (Drummond ), Shandong Coking Group, Shanxi Huifeng Xingye Group, Victoria, Shanxi Coking Coal Group, OKK, Italiana Coke, Jiangsu Surun Highcarbon, Shanxi Antai, Industrial Química del Nalón S.A, ERP Compliant Coke, LLC, Erie Coke, Shanxi Qinxin, ArcelorMittal Poland, CARBO-KOKSSpółkazo.O, Nippon Coke and Engineering, Henan Shenhuo |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
