The United States petroleum coke market reached USD 7.35 Billion in 2024. The market is expected to grow at a CAGR of 4.30% between 2025 and 2034, reaching USD 11.20 Billion by 2034.
As the economy grows and incomes rise, there is an increase in vehicle ownership, leading to higher demand for fuel-grade products like gasoline and diesel for transportation purposes. The industrial and commercial sectors require fuel-grade goods to power vehicles, machinery, and equipment necessary for their operations, which contributes to total demand increase. Growing environmental awareness, convenience, and affordability often drive consumer choices, sustaining demand for gasoline and diesel.
In February 2024, Phillips 66 targeted a 67% uptick in renewable fuels production in San Francisco by the end of the second quarter of 2024. This strategic move underscores the company's commitment to expanding its renewable energy portfolio.
Calcined coke is a crucial component in the production of aluminium. It is used as an anode material in the electrolytic process of smelting aluminium from alumina, where it serves as a conductive agent and provides carbon for the reduction of aluminium metal. The construction and automotive industries are major consumers of aluminium for structural components and lightweight purposes. As these industries grow, the demand for primary aluminium increases, driving the need for calcined coke.
United States Petroleum Coke Market Growth
Demand for fuel-grade goods in the US market continues to expand due to economic growth, population expansion, industrial uses, market dynamics, and regulatory factors.As the economy grows and incomes rise, there is an increase in vehicle ownership, leading to higher demand for fuel-grade products like gasoline and diesel for transportation purposes. The industrial and commercial sectors require fuel-grade goods to power vehicles, machinery, and equipment necessary for their operations, which contributes to total demand increase. Growing environmental awareness, convenience, and affordability often drive consumer choices, sustaining demand for gasoline and diesel.
In February 2024, Phillips 66 targeted a 67% uptick in renewable fuels production in San Francisco by the end of the second quarter of 2024. This strategic move underscores the company's commitment to expanding its renewable energy portfolio.
Calcined coke is a crucial component in the production of aluminium. It is used as an anode material in the electrolytic process of smelting aluminium from alumina, where it serves as a conductive agent and provides carbon for the reduction of aluminium metal. The construction and automotive industries are major consumers of aluminium for structural components and lightweight purposes. As these industries grow, the demand for primary aluminium increases, driving the need for calcined coke.
United States Petroleum Coke Market Segmentation
United States Petroleum Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:Market Breakup by Type
- Fuel grade
- Calcined coke
Market Breakup by End Use
- Power Plants
- Cement Industry
- Steel Industry
- Aluminium industry
- Others
Market Breakup by Region
- New England
- Mideast
- Great Lakes
- Plains
- Southeast
- Southwest
- Rocky Mountains
Leading Companies in the United States Petroleum Coke Market
- BP Plc
- Valero Energy Corporation
- Phillips 66 Company
- Chevron Corporation
- Exxon Mobil Corporation
- PJSC LUKOIL
- Suncor Energy Inc.
- Aminco Resources LLC
- Marathon Petroleum Corporation
- LyondellBasell Industries NV
- Others
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 North America Petroleum Coke Market Overview
6 United States Petroleum Coke Market Overview
7 United States Petroleum Coke Market by Type
8 United States Petroleum Coke Market by End Use
9 United States Petroleum Coke Market by Region
10 Market Dynamics
12 Trade Data Analysis (HS Code - 271311, 271312)
14 Competitive Landscape
Companies Mentioned
- BP Plc
- Valero Energy Corporation
- Phillips 66 Company
- Chevron Corporation
- Exxon Mobil Corporation
- PJSC LUKOIL
- Suncor Energy Inc.
- Aminco Resources LLC
- Marathon Petroleum Corporation
- LyondellBasell Industries NV
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 130 |
| Published | May 2025 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value ( USD | $ 7.35 Billion |
| Forecasted Market Value ( USD | $ 11.2 Billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | United States |
| No. of Companies Mentioned | 10 |
