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Global Refinery Coking Units - Market Analysis, Capacity Forecasts and Competitive Landscape to 2015
Global Refinery Coking Units - Market Analysis, Capacity Forecasts and Competitive Landscape to 2015
Increasing Demand for High Quality Petroleum Products is Driving the Growth in Global Coking Industry
Hyderabad,
AP,
India
(prbd.net)
23/11/2010
Demand for cleaner petroleum products is increasing across the globe. Both developing and developed nations are standardizing their environmental regulations, which are forcing the use of cleaner products. This is resulting in strong demand for complex refineries across the globe. Even developing nations with low emission standards are increasing their coking capabilities to compete with other exporting markets.
Despite huge investment costs, companies are investing in coking units due to the ongoing shift towards cleaner petroleum products. In addition, strong and continuously growing returns from the industry are also encouraging companies to invest in the coking industry.
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http://www.globaldata.com/reportstore/Report.aspx?ID=Global-Refinery-Coking-Units-Market-Analysis-Capacity-Forecasts-and-Competitive-Landscape-to-2015&ReportType=Industry_Report&coreindustry=Industry_Report&Title=Energy_and_Utilities
Global coking capacity is expected to increase from 291.1 Million Metric Tons Per Annum (MMTPA) in 2009 to 373.2 MMTPA in 2015 at an Average Annual Growth Rate (AAGR) of 4.1%. Of the 82.1 MMTPA capacity increase, 66% will be from the world’s largest coking markets - the US, China and India. Together, these three markets will witness an increase of 53.8 MMTPA in this period. Increasing domestic demand is the major driver for the capacity growth in these markets. In addition, India and China also plan to emerge as leading petroleum product exporters, which is also encouraging their investments in the coking industry.
The Middle East and Africa have the largest proven crude oil reserves in the world. Around half of the world’s oil reserves are located in this region. However, the region has limited presence in the coking industry. As of 2009, the region had a coking capacity of 7.1 MMTPA, accounting for less than 3% of global capacity. This is largely due to relatively low demand for cleaner products in the region. As the regional and national emission rules in this region are not stringent, low-quality petroleum products are consumed in the region. However, with most oil-producing countries planning to emerge as leading petroleum product exporters, the number of complex refineries in the region is increasing. By 2015, the Middle East and Africa coking capacity will more than double to 15.1 MMTPA.
GlobalData’s new report “Global Refinery Coking Units - Market Analysis, Capacity Forecasts and Competitive Landscape to 2015” provides an in-depth analysis on the world’s coking markets, companies and coking refineries. The report provides a detailed analysis of the global refinery coking industry with a focus on the key trends and issues for the market’s growth until 2015. The research provides capacity forecasts to 2015 and examines the competitive landscape in detail. The report details future coking projects and their impact on the national and regional coking markets.
For further details, please click or add the below link to your browser:
http://www.globaldata.com/reportstore/Report.aspx?ID=Global-Refinery-Coking-Units-Market-Analysis-Capacity-Forecasts-and-Competitive-Landscape-to-2015&ReportType=Industry_Report&coreindustry=Industry_Report&Title=Energy_and_Utilities
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