The metallurgical coke market is expected to register a compound annual growth rate (CAGR) of 2.95% during the projected period (2024-2029).
Metallurgical Coke, commonly known as ‘met coke’, has application in a wide range of industrial applications. Met coke exhibits key properties that make it suitable for industrial purposes. Its mechanical strength makes it resistant to crushing and degradation during handling and transportation.
Additionally, it has low reactivity, for slow consumption in various applications. Its high carbon content gives it thermal conductivity and stability under extreme temperatures, making it a good material for different industrial processes.
Metallurgical coke is a necessary material for the steel industry, used in the blast furnace process to produce iron and steel. It also finds application in manufacturing non-ferrous metals like aluminum, titanium, and silicon. Additionally, Metallurgical Coke finds application in the production of high-quality castings. The growing industrial development in various regions worldwide demands metals and non-metals for the production of machinery and equipment from simple households to large industrial settings.
The growing demand for semiconductors in various wireless communications equipment, computer equipment, and electromedical devices has further increased the extraction and manufacturing of rare earth minerals and silicon.
Metallurgical coke can be of different grades in different sizes and used as a carbon additive and other purposes. The product can have different percentages of fixed carbon, ash content, moisture, sulfur, volatile matter, and size by different companies and sources. Furthermore, trading in metallurgical coke can benefit India, a deficit product in the country, but the demand is sustained and continuous. The industry has benefitted from ADD (an anti-dumping duty) on imports from China. Coking coal as imported raw material has 2.50% of BCD (basic customs duty), which has been constant for the past 3 decades.
The industrial consumers of metallurgical coke include integrated steel plants, industry/foundries producing ferroalloys, pig iron, engineering goods, chemicals, soda ash, zinc units, etc. Different varieties of metallurgical coke are used in the application of blast furnaces, waste incineration plants, non-ferrous metal refineries, recarburizer, lime calcination, ferroalloy manufacturing, carbon additive, packing coke, non-ferrous, and metal refineries.
With the growth of industrialization in different parts of the world including Africa, the demand for metallurgical coke would expand in the region with different applications. The estimates by the African Development Bank show the continent’s infrastructure needs at $130–170 billion per year for investment and development. Metallurgical coke is produced by ArcelorMittal in South Africa, with five batteries in Vanderbijlpark and three in Newcastle. It is a major producer and supplier of metallurgical coke in Africa.
Metallurgical Coke has properties suitable for various industrial applications. It finds application in blast furnaces for producing pig iron and in cupolas for producing grey iron castings. The steel as a material finds its application in various places for its durability and malleability. The steel is used in various sectors like construction, bridges, ships, automobiles, trains, farming equipment, storage silos, etc. Globally, 1,892,036 thousand tonnes of crude steel was produced, which the metallurgical coke finds usage, according to the World Steel Association.
Metallurgical coke is an important reducing agent that finds application in various chemical reactions. It is used to extract metals such as zinc and iron from their ores because it is a property of a good reducing agent. As a versatile reducing agent, chemicals like calcium carbide and calcium cyanamide are synthesized using metallurgical coke. It can donate electrons during chemical transformations essential for organic compounds.
The demand for fertilizer, pesticides, and other related chemicals is increasing as calcium cyanamide has versatile applications. The manufacturing of calcium cyanamide requires metallurgical coke as a reducing agent.
The major economies like China, Japan, India, and South Korea dominate the Asia-Pacific region. Some of the fastest-growing emerging economies are from this region, such as ASEAN countries.
India and China are the major developing industries in this region, where the use of metallurgical coke will be enlarged in coming years. The manufacturing exports in India had US$ 447.46 billion, with 6.03% growth during FY23 surpassing the previous year's (FY22) record exports of US$ 422 billion, showing the tremendous demand for raw materials like metallurgical coke in the industries.
Similarly, China grew from January to February, and major industrial enterprises nationwide realized total profits of 914.1 billion yuan, up 10.2 percent yearly. These industrial growth numbers also created demand for many input materials, including metallurgical coke, at various industrial ends.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Growth Rate | CAGR of 2.95% |
| Study Period | 2019 to 2029 |
| Historical Data | 2019 to 2022 |
| Base Year | 2024 |
| Forecast Period | 2024 – 2029 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
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| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in Metallurgical Coke Market |
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| Customization Scope | Free report customization with purchase |
Metallurgical Coke Market is analyzed into the following segments: