Global Foundry Coke
Market Report
2025
Global Foundry Coke Market size is USD 3361.5 million in 2024. The growing demand for automotive parts casting and machinery casting is expected to boost sales to USD 4574.53 million by 2031, with a Compound Annual Growth Rate (CAGR) of 4.50% from 2024 to 2031.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Foundry Coke market size is USD 3361.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.50% from 2024 to 2031.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Country Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
North Americ Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Europe Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Asia Pacific Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
South America Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Middle East and Africa Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
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Market Split by Application |
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Market Split by Process |
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Market Split by Type of Metal Smelting |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Market Drivers:
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Market Restrains:
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Market Trends:
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Foundry Coke Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Foundry coke, also known as hard coal coke, is manufactured in non-recyclable coke ovens and used in foundries to melt iron and other metals such as lead, tin, copper, and zinc. It features a solid structure, a high carbon content, little ash, and a high heat output. Foundry Coke is bigger than metallurgical Coke, and its dimensions vary depending on the cupola size. Foundry coke has multiple applications in the production process of crude iron, acting as a reducing agent, support matrix, and energy carrier. Its primary application is in blast furnaces for the smelting of nonferrous metals such as copper, lead, zinc, titanium, antimony, and mercury. As a reducing agent, it helps to preserve the requisite carbon content in metal products and serves as a foundation for bauxite and material columns. The demand for foundry coke is likely iron foundry items, and the government measures focused on growing the automotive industry are helping to build the worldwide foundry coke market in both developed and emerging nations.
Infrastructure developments such as bridge building, roads, trains, and urban growth increase global steel demand considerably. Foundry coke is a crucial component of the blast furnace process, which produces steel from iron ore. As governments and corporate sectors spend extensively on infrastructure, the need for steel and, hence, foundry coke increases. The automobile sector is a large user of steel, which is needed to make vehicle bodywork, engines, and other parts. Foundry coke is used in the manufacturing of high-quality steel for the automobile industry, helping to obtain the needed strength and durability in steel products. The expansion of the automobile sector, particularly the manufacture of electric vehicles (EVs), increases demand for foundry coke. Steel is required in huge amounts for structures, residential complexes, commercial spaces, and industrial facilities. The continuous urbanization and development of smart cities fuel the need for steel. Foundry coke is essential in the manufacturing of construction-grade steel, which fuels the industry's expansion.
The automobile industry is always attempting to make cars lighter and stronger in order to increase fuel efficiency and performance. This has resulted in a rise in the usage of advanced high-strength steel (AHSS) and other cast iron components, both of which require high-quality foundry coke for manufacture. The drive towards lightweight automobiles increases demand for foundry coke. The transition to electric vehicles is reshaping the auto industry. EVs require specialized components such as electric motors, battery housings, and lightweight frames, which are frequently cast using foundry coke. The fast expansion of the EV sector is a major driver of the foundry coke market.
The foundry coke market may face challenges as modern technologies, such as the transition from cupola furnaces to electrical induction furnaces, are used to minimize emissions and improve energy efficiency. Furthermore, the availability of alternative materials for foundry coke, such as aluminum goods that replace iron products, may limit market expansion. The substitutes have the potential to improve the market, but they may also reduce demand for traditional foundry coke. Furthermore, as worries about pollution and health risks develop, some consumers and industry may seek more environmentally friendly and safer alternatives, thereby reducing demand for foundry coke.
The COVID-19 pandemic has had various effects on the Foundry Coke marketplace. The COVID-19 epidemic caused substantial disruptions to worldwide supply systems. Transportation restrictions, port closures, and lockdowns caused delays in raw material deliveries, including coking coal and finished foundry coke products. These delays impacted foundry coke makers' production schedules and resulted in delayed supplies to end consumers. The pandemic caused temporary shutdowns or decreased operations in a variety of industries, including steel production, car manufacturing, and construction. These sectors are key users of foundry coke, and their slowdown has resulted in lower demand for foundry coke. The diminished industrial activity resulted in an oversupply of foundry coke, putting downward pressure on pricing. Health and safety concerns, along with quarantine procedures, resulted in labor shortages at foundry coke manufacturing plants. Many workers were unable to return to work, and industries functioned with fewer employees, reducing production capacity and efficiency.
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The competitive landscape of the Foundry Coke market is characterized by a diverse range of players competing to gain market share through product innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established automotive manufacturers, specialized Foundry Coke companies, and emerging start-ups aiming to disrupt the market with innovative solutions.
September 2023: Kirloskar Ferrous Industries Limited (KFIL), a major castings and pig iron maker in India, has announced the purchase of Oliver Engineering Pvt. Ltd. Oliver Engineering manufactures ferrous castings and machining at its factory in Village Sandharsi, Tehsil Rajpura, Punjab. Its current castings capacity is 28,000 MT per year. KFIL also manufactures many grades of pig iron, including SG iron, basic steel, and foundry grade. (Source:https://www.kirloskarindustries.com/documents/779558/cb94678e-7d4a-7faa-19f0-65827d296830) May 2021: The current governor of Virginia has made a $50 million offer to the Buchanan State Foundry Coke Plant. According to a governor's office news release, SunCoke Energy, Inc. aims to modernize its Buchanan County plant. (Source: https://www.vedp.org/press-release/2021-05/suncoke-energy-buchanan-county)Top Companies Market Share in Foundry Coke Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America led the market in 2024, accounting for almost 40% of worldwide sales. Due to increased investment and finance. The United States has a robust steel industry, and demand for foundry coke is strongly related to construction, automotive, and industrial activity. The switch to electric arc furnaces in some steel mills may influence foundry coke use.
Asia-Pacific stands out as the fastest-growing region in the Foundry Coke market due to the fast increase in industrialization in this area is driving the market for product expansion by boosting the demand for cast iron components in end-use industries such as automotive, chemical, natural gas and oil, agriculture, construction, and others, which would enhance overall market growth. Furthermore, China's Foundry Coke market dominates the market share. In contrast, the Indian Foundry Coke market is projected to grow and spread considerably in the Asia-Pacific region throughout the forecast period.
The current report Scope analyzes Foundry Coke Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Foundry Coke market size was estimated at USD 3361.5 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 1344.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2031.
According to Cognitive Market Research, the global Foundry Coke market size was estimated at USD 3361.5 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 1008.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.0% from 2024 to 2031.
According to Cognitive Market Research, the global Foundry Coke market size was estimated at USD 3361.5 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 773.15 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.
According to Cognitive Market Research, the global Foundry Coke market size was estimated at USD 3361.5 Million, out of which Latin America market of more than 5% of the global revenue with a market size of USD 168.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2031.
According to Cognitive Market Research, the global Foundry Coke market size was estimated at USD 3361.5 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 67.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Global Foundry Coke Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Foundry Coke Industry growth. Foundry Coke market has been segmented with the help of its Type, Application Process, and others. Foundry Coke market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, Ash Content <8% Coke is the dominating category. This type of foundry coke has a low ash concentration, which means it yields less than 8% residual after burning. It is said to be of good grade and is commonly used in foundries. The low ash percentage helps to reduce impurities in the melting process, giving you more control over the chemical composition of the metal being cast. As a result, the end product's quality improves, and the foundry process becomes more efficient.
8% Ash Content <10% Coke is the fastest-growing category in the Foundry Coke market. This type of foundry coke is often used in general metal casting operations to produce a wide range of cast iron items such as pipes, fittings, equipment components, and tools. It performs well in a wide range of typical casting applications. Smaller blast furnaces and small blast furnaces in steel manufacturing plants can use foundry coke with 8% to <10% ash. This coke is used to convert iron ore into molten iron, which aids steel production operations when ultra-low ash content is not as important.
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According to Cognitive Market Research, the dominating category is Automotive Parts Casting. This is due to engine blocks, cylinder heads, gearbox cases, and other vital parts being among the complicated components that are cast in the automotive industry. Foundry coke is used in the casting process as a fuel and reducing agent in furnaces, resulting in high-quality casting with accurate dimensions and a great surface polish. Foundry coke is used to provide the high temperatures required to melt metals such as iron, steel, and aluminum during the casting process. Its steady and dependable heat-generating features contribute to excellent furnace conditions, ensuring uniform melting and appropriate flow of molten metal into molds, resulting in defect-free car components.
The fastest-growing category in the Foundry Coke market is Machinery Casting. Foundry coke is used as a fuel source in induction furnaces to manufacture high-quality castings of various equipment components. This coke supplies the heat required to melt the metal alloys and maintains a steady temperature throughout the casting process.
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Process Segment Analysis
According to Cognitive Market Research, the dominating category is the Beehive Process. The Beehive Coke Oven technique is one of the earliest ways to make coke from coal. It entails piling coal in a domed structure composed of refractory brick. The coal is cooked in the absence of air to remove volatile components, leaving just coke. While this approach has been substantially overtaken by more current technologies, such as byproducts and non-recovery ovens, it remains relevant in some locations or for certain uses in the foundry coke market.
The fastest-growing category in the Foundry Coke market is the Product Recovery Process. Byproduct recovery ovens are a sophisticated and efficient technique of producing coke that captures valuable byproducts like coal tar, coal gas, and ammonia during the carbonization process. These byproducts have a variety of industrial uses, including the production of chemicals, fuels, and medications. Byproduct recovery ovens optimize the value retrieved from coal, improving the total economics of coke production.
Type of Metal Smelting Segment Analysis
According to Cognitive Market Research, the dominating category is Pig Iron. Pig iron is primarily used as a raw ingredient in the steelmaking process. It is an essential component in both basic oxygen furnace (BOF) and electric arc furnace (EAF) processes. Pig iron supplies the essential iron basis for steel manufacturing, which is then refined and alloyed with additional components to form various grades of steel. Its high carbon concentration makes it ideal for changing carbon levels in steel manufacture.
The fastest-growing category in the Foundry Coke market is Copper. Foundry coke is widely used as a fuel and reducing agent in the smelting of copper ores to produce copper metal. Primary copper smelting involves heating copper ores in a furnace with a reducing agent like coke, which combines with the oxygen in the ore to eliminate impurities and turn the copper sulfide particles into molten copper matte. This matte is subsequently polished into copper metal.
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Conclusion
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Type | Ash Content <8% Coke, 8% Ash Content <10% Coke, Ash Content 10% Coke |
Application | Automotive Parts Casting, Machinery Casting, Insulation, Other |
Process | Beehive Process, Product Recovery Process, Others |
Type of Metal Smelting | Pig Iron, Copper, Zinc, Lead, Tin, Others |
List of Competitors | OKK Koksovny, Walter Energy, Shandong Coking Group, Nippon Coke and Engineering, ABC Coke, Jiangsu Surun Highcarbon, Shandong Sunshine Focal Electric, GR RESOURCE LTD, Hickman, NalonChem, Williams & Company |
This chapter will help you gain GLOBAL Market Analysis of Foundry Coke. Further deep in this chapter, you will be able to review Global Foundry Coke Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Foundry Coke. Further deep in this chapter, you will be able to review North America Foundry Coke Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Foundry Coke. Further deep in this chapter, you will be able to review Europe Foundry Coke Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Foundry Coke. Further deep in this chapter, you will be able to review Asia Pacific Foundry Coke Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Foundry Coke. Further deep in this chapter, you will be able to review South America Foundry Coke Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Foundry Coke. Further deep in this chapter, you will be able to review Middle East and Africa Foundry Coke Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Foundry Coke. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
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Chapter 11 Market Split by Application Analysis 2021 - 2033
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Chapter 12 Market Split by Process Analysis 2021 - 2033
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Chapter 13 Market Split by Type of Metal Smelting Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Foundry Coke market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Ash Content <8% Coke have a significant impact on Foundry Coke market? |
What are the key factors affecting the Ash Content <8% Coke and 8% Ash Content <10% Coke of Foundry Coke Market? |
What is the CAGR/Growth Rate of Automotive Parts Casting during the forecast period? |
By type, which segment accounted for largest share of the global Foundry Coke Market? |
Which region is expected to dominate the global Foundry Coke Market within the forecast period? |
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