Metallurgical Coke Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021-2026
Metallurgical Coke Market Overview Metallurgical coke market size is forecast to reach $159.3 billion by 2026, after growing at a CAGR of 3.4% during 2021-2026, owing to the rising usage of metallurgical coke in various applications such as iron and steel processing, glass manufacturing, and more. Metallurgical coke (also known as coking coal), along with iron ore and limestone, is extensively layered into pulverized Coal Injection process to convert the iron ore to metallic iron. The rapid growth of the steel industry has increased the demand for metallurgical coke; thereby, fueling the market growth. Furthermore, the flourishing glass industry is also expected to drive the metallurgical coke market substantially. However, the availability of other substitute coke such as bituminous coal and anthracite may pose a significant restrain for the metallurgical coke (coking coal) industry during the forecast period. COVID-19 Impact The COVID-19 pandemic outbreak has impacted the impor...