Global Foundry Coke Market By Ash Content (Ash Content ＜8%, 8% ≤ Ash Content ＜10% And Ash Content ≥10%), By Application (Automotive Parts Casting, Machinery Casting And Material Treatment), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022–2031

Market.us announces the publication of its most recently generated research report titled, “Global Foundry Coke market by Ash Content (Ash Content ＜8%, 8% ≤ Ash Content ＜10%, Ash Content ≥10%), By Application (Automotive Parts Casting, Machinery Casting, Material Treatment), and by Region – Global Forecast to 2029”, which offers a holistic view of the global foundry coke market through systematic segmentation that covers every aspect of the target market.

The Global Foundry Coke Market is projected to be US$ 27,929.7 Mn in 2019 to reach US$ 38,866.9 Mn by 2029 at a CAGR of 3.4%.

Foundry coke, also called hard coal coke, is produced in a non-recyclable coke oven. It is used to melt iron and several other metals such as lead, copper, tin, and zinc in a cupola of a foundry. It has a dense structure, high carbon, low ash, and high heat generation. The size of the foundry coke is larger than that of the metallurgical coke. The dimensions of coke depend on the size of the cupola. Foundry coke is used as a support matrix, reducing agent and as an energy carrier during the manufacturing of crude iron. Foundry coke is mainly used in blast furnaces, and used in the smelting of nonferrous metals such as copper, lead, zinc, titanium, antimony, and mercury. Foundry coke, as a reducing agent, plays the role of the framework of the bauxite and material column. It is a heat source and helps to maintain the carbon content required for metal products. The production of cast coke requires lower temperatures and a bit long time than blast furnace coke. Cast coke has a large lump, low reactivity, low porosity, high crushing strength, and low ash and sulfur content.

The use of large coke has the advantage of reducing the blasting pressure, increasing the metal temperature, reducing the fragmentation caused by processing, and reducing the reaction with CO₂. Foundry coke is a carbonized product residual after the destructive concentration of certain types of coals. The quality of casting production has a significant influence on the development of the automobile industry and auto casting production. The demand for foundry coke is expected to derive from downstream foundry products. Consistent efforts and initiatives by government and government agencies to drive the automotive sector are driving the market growth. Therefore, government initiatives in the development of the end-use segment in developed, as well as emerging economies, are serving the growth of the global foundry coke market to a greater extent.

Global Foundry Coke Market Revenue (US$ Mn), 2019–2029

The growth of the foundry coke industry is projected to be stagnant in the coming years, owing to the replacement of a cupola furnace with an electrical induction furnace. The global foundry coke market is segmented into ash content, applications, and region. Among the ash content segment, the ash content ＜8% accounts for the highest revenue share owing to robust growth in end-use sectors such as the automotive industry, construction, machinery, pipe and fitting, and others across the globe. Based on the application, the machinery casting segment holds a significant share in terms of revenue.

Based on the region, the APAC market is estimated to account for a significant share in terms of revenue and is projected to dominate the global foundry coke market in the next coming years.

Global Foundry Coke Market Attractiveness Analysis by Type, 2013–2019

On the basis of region, the market is segmented into North America, Europe, Asia-Pacific, South America, and MEA. Europe holds the majority of share in the global Foundry Coke market. Europe is followed by APAC. In addition, the APAC is expected to register highest growth rate owing to the economic growth of economies.

The research report on the global Foundry Coke market includes profiles of some of the major companies such as ArcelorMittal (ArcelorMittal Poland), Vedanta Resources Limited (Sesa Goa Iron Ore), Drummond Company, Inc. (ABC Coke), Nippon Coke & Engineering Company, Limited, Hickman Williams & Company, Jiangsu Surun High Carbon Co. Ltd., Italiana Coke S.R.L., OKK Koksovny, and CARBO-KOKS.

Key Market Segments:

Type

• Ash Content ＜8%
• 8% ≤ Ash Content ＜10%
• Ash Content ≥10%

Application

• Automotive Parts Casting
• Machinery Casting
• Material Treatment

Key Market Players included in the report:

• ArcelorMittal (ArcelorMittal Poland)
• Vedanta Resources Limited (Sesa Goa Iron Ore)
• Drummond Company Inc. (ABC Coke)
• Nippon Coke & Engineering Company Limited
• Hickman Williams & Company
• Jiangsu Surun High Carbon Co. Ltd.
• Italiana Coke S.R.L.
• OKK Koksovny
• CARBO-KOKS

For the Foundry Coke Market research study, the following years have been considered to estimate the market size: