Metallurgical Coke Market Forecast Covering Growth Inclinations & Development Strategies Until
Persistence Market Research’s new market study titled “Metallurgical Coke Market: Global Industry Analysis 2013–2018 and Forecast 2019–2027” provides in-depth analysis on the global Metallurgical Coke market and offers an in-depth examination for the forecast period 2019 to 2027. The Metallurgical Coke market report evaluates the macro & micro economic factors supporting the growth of the global and regional level market. This research study on the Metallurgical Coke market also offers insights on the market dynamics and competition landscape in the global as well as the regional markets.
The global Metallurgical Coke market is estimated to be valued at US$ 186 Bn by the end of 2018 and is forecast to reach US$ 241.1 Bn by the end of 2027. The market is projected to grow at a compound annual growth rate (CAGR) of 2.9% during the forecast period. Some factors influencing the growth of the concerned market are growth of construction industry, increasing automotive production and positive global steel production outlook.
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Factors Influencing Growth of Metallurgical Coke Market
Iron and Steel production is one of the main application areas of Metallurgical Coke. Hence, the dynamics of the steel industry will directly impact the Metallurgical Coke market. Increasing steel demand from various industry verticals is expected to push the growth of steel production, which in turn, is expected to drive the growth of the Metallurgical Coke market.
Growth in infrastructural spending and growing residential and commercial construction are other important factors projected to fuel the demand for Metallurgical Coke over the forecast period. Moreover, increasing protectionist government stance owing to over production of Metallurgical Coke and steel by Chinese manufacturers is also expected to significantly influence the global Metallurgical Coke market during the forecast period.
The growing construction industry is expected to have a positive impact on the global Metallurgical Coke market. Construction industry is the biggest consumer of steel and any growth in the construction industry pushes the demand for steel, thereby in turn driving the growth of the Metallurgical Coke market.
Developing countries, such as India and ASEAN countries, are expected to create significant opportunities for the Metallurgical Coke market owing to increasing government initiatives to promote the domestic manufacturing industry. Further, recovering economic growth and increasing industrial and institutional investments in Latin American Countries, such as Argentina, Brazil and Mexico, will create an optimistic outlook for the growth of the Metallurgical Coke market.
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