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Metallurgical Coke Market

Market Study on Metallurgical Coke: Automotive and Construction Industry Growth to Reinforce Demand

Metallurgical Coke Market by Product Type (Blast Furnace Coke, Foundry Coke, and Technical Coke)

Global Metallurgical Coke Market Snapshot

According to the study, the Global Metallurgical Coke Market is projected to expand at around 3.7% CAGR over the next ten years (2023 to 2033). The market is estimated to reach a value of US$ 213.8 Billion in 2023 and is expected to top a valuation of US$ 307.5 Billion at the end of the forecast period.

Metallurgical Coke Sales (2022A)

US$ 207.7 Billion

Metallurgical Coke Demand (2023E)

US$ 213.8 Billion

Metallurgical Coke Market Projections (2033F)

US$ 307.5 Billion

Value CAGR (2023 to 2033)


Collective Value Share: Top 3 Countries (2023E)


Metallurgical coke also called coke/met coke, is a carbon material produced by the destructive distillation of high-carbon content coal, such as bituminous coal. It is commonly manufactured in high-temperature ovens in the absence of air.

Metallurgical coke is an essential material used for the production of steel and pig iron. It is generally used in steel and iron industry processes such as sinter plants, blast furnaces, and foundries to reduce iron ore to iron. Metallurgical coke demand is significantly dependent on the steel and iron industry.

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Historical (2018 to 2022) v/s Forecast (2023 to 2033) Market Outlook for Global Market

The historical study shows that from 2018 to 2022, the market grew at a compound annual growth rate (CAGR) of 2.8%. The robust expansion of the steel industry along with increased advancements in coke-producing technologies has bolstered the demand for metallurgical coke over the past few years. A significant decline in worldwide steel production in 2022 compared to 2021 has resulted in a sluggish growth rate of the metallurgical coke market in the historical period of 2018 to 2022.

According to the World Steel Association, global crude steel production witnessed a decrease of around 3.7% in January-November 2022 compared to the same period in 2021. The decline is primarily attributable to several macroeconomic factors such as high inflation and rising interest rates globally, increasing energy costs, and others.

Significant increase in new infrastructure projects and mild recovery of the real estate market among several emerging economies supported by government-led initiatives for economic diversification is estimated to propel the metallurgical coke market across the globe. The market supported by these factors is projected to witness a growth of 3.7% during the forecast period.

Countries, such as China, India, Brazil, and others are projected to witness substantial growth in their construction sector, owing to the increasing construction of office buildings, shopping centers, and light rail corridors. Increasing applications of metallurgical coke in various such as iron and steel processing, glass manufacturing, and many more is also anticipated to accelerate the product demand in the coming years.

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Market Dynamics

Increasing production and sales of automotive to boost the metallurgical coke market

Steel is one of the key raw materials in the automotive industry, accounting for about 60% of the weight of an average automobile. On average, about 900 Kg of steel is used per vehicle. According to the World Steel Association, the automotive sector accounts for around 10% to 12% of global steel consumption. Steel is widely used in the manufacturing of vehicle body structures, drive trains, cast iron for engine blocks, suspensions, fuel tanks, steering, braking systems, and various other components.

According to the ACEA - European Automobile Manufacturers' Association, nearly 50 Million passenger cars were manufactured globally over the first three quarters of 2022, nearly a growth of 9% compared to the same nine-month period in 2021. This significant increase in production and sales of automotive vehicles, such as Passenger cars, Light Commercial Vehicles, and Heavy Commercial Vehicles is expected to accelerate steel demand growth across the globe.

The threat of Substitutes/Replacement may hinder the metallurgical coke market growth

Russia's invasion of Ukraine and the ongoing effects of the pandemic are having an unclear and negative impact on the world economy. The world's financial conditions are becoming more rigid as a result of higher inflation, especially in the United States and several European countries.

With COVID-19 outbreaks and nationwide lockdowns, China's recession has been higher than expected, and the conflict in Ukraine has had further negative impacts on the country. Increasing consumer price inflation and sluggish GDP growth rate in several countries is anticipated to decline in car sales. Rising geopolitical tensions and ongoing supply chain pressures are also expected to have a negative impact on the automotive industry.

Shifting focus on coal tar production in the chemical industry is a new key trends manufacturers are witnessing in the market

The chemical industry's increasing focus on coal tar manufacturing is expected to promote the growth of global metallurgical coke market during the forecast factors. Since coal tar is widely utilized to make aromatic compounds, it has significant economic significance for the chemical industry. The prospect of the metallurgical coke business expanding has been reinforced by improvements in coke-making technologies.

Heat recovery coke manufacturing technology is becoming increasingly important in developed countries like the United States. Numerous developing nations have also observed the significant market potential of simpler designs and ease of use. As a result, the overall carbon footprint of the procedures used to produce metallurgical coke has been significantly reduced.

The growing demand for low operating and maintenance costs is also encouraging the development of new products. The performance of blast furnaces used by manufacturers of metallurgical coke is anticipated to receive increased attention in future studies, which is anticipated to accelerate the market growth.

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Country-wise Insights

What is the market scenario of Metallurgical Coke in the Indian market?

India is anticipated to account for a sizeable portion of the global market in terms of volume and value due to being the second-largest steel-producing country in the world. The production of crude and finished steel, according to the India Brand Equity Foundation, was 71.56 MT and 68.17 MT, respectively, from April to October 2022. The affordability of labor and the domestic accessibility of raw materials like iron ore have been the main drivers of growth in the Indian steel industry.

Robust economic reforms, rising consumer per capita income, and an increasing number of infrastructural projects are a few prominent factors bolstering the demand for steel in the country. Significant demand for high-strength steel for increased tensile strength and stiffness in the building and construction sector is also anticipated to accelerate the metallurgical coke market during the forecast period.

What is the market growth outlook in China?

China is estimated to hold a significant share of the global metallurgical coke market in 2023 and is anticipated to witness a substantial CAGR during the forecast period. The country is estimated to be one of the key crude steel-producing countries around the world. A high number of steel manufacturing plants and increasing automotive production are a few prominent factors bolstering product demand in the country.

Robust growth in industrial and manufacturing industries which comprises iron and steel materials is anticipated to boost the product market in the country during the forecast period. Significant growth of the Chinese construction industry is also estimated to stimulate the metallurgical coke market in the country.

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Category-wise Insights

How does the blast furnace segment fairing in the market?

The blast furnace segment is estimated to have a commendable value share of the global market in 2023. Metallurgical coke is an essential feedstock in a blast furnace. Anthracite has a history of usage in blast furnaces for the smelting of iron, but it lacks the pore space of the metallurgical coke that eventually replaced it.

Metallurgical coke is layered into a blast furnace using the pulverized coal injection system in order to convert the iron ore into metallic iron. Due to its numerous advantages, including suitability for large-scale continuous production, continuous feeding and tapping, mature technology, cheap production cost, low power needs, high efficiency, and more, blast furnace coke now holds a significant share of the market.

What is the demand outlook of the iron and steel production segment in the market?

The iron and steel production segment is estimated to hold a significant share of the global market in 2023 and is projected to grow at a significant CAGR during the forecast period. Iron and steel industry processes like foundries, sintering plants, and blast furnaces need a significant amount of metallurgical coke to convert iron ore to iron.

Coke is commonly used to make iron, which is then the key component of steel. Coal is a key component in the making of steel worldwide, accounting for 70% of all steel production. The production of iron requires the use of metallurgical coke, which contributes both the heat and carbon required for the blast furnace (BF) to process heated metal and chemically reduce the iron load (HM). Coking coal, also known as metallurgical coal, is a crucial component in the process of manufacturing steel.

Competitive Landscape

The global Metallurgical Coke market is estimated to be consolidated with the presence of several key players holding a significant share of the market. These players are investing significantly in enhancing product quality by implementing new technologies to improve the strength of coke. Manufactuers are also focusing on the techniques for producing high-stength coke using a coal having small inert ingredient content.

Key players are investing in the expansion of the sales network and the acquisition of small and regional players to increase their market presence across the globe. Several players are also making long-term contracts with dealers and suppliers to gain stability in revenue generation and opportunities for growth.

For instance,

In January 2022, ArcelorMittal Belgium with the help of ThyssenKrupp Uhde installed a desulphurization plant at its Ghent site to enhance the existing coke oven gas treatment plant with a state-of-the art sulphur removal and recovery unit. The new units are planned to go into operation in July 2023.

Scope of Report



Forecast Period

2023 to 2033

Historical Data Available for

2017 to 2022

Market Analysis

  • USD Billion for Value
  • Tons for Volume

Key Countries Covered

  • U.S.
  • Canada
  • Brazil
  • Mexico
  • Germany
  • Italy
  • France
  • U.K.
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • ANZ
  • Gulf Cooperation Council Countries
  • Türkiye
  • Northern Africa
  • South Africa

Key Segments Covered

  • Product Type
  • Ash Content
  • End Use
  • Region

Key Companies Profiled

  • OKK Koksovny, A.S.
  • SunCoke Energy Inc.
  • Ennore Coke Limited
  • Hickman, Williams & Company
  • China Risun Coal Chemicals Group Limited
  • Sino Hua-An International Berhad
  • China Shenhua Energy Company Limited
  • ArcelorMittal
  • Drummond Company, Inc.
  • Jiangsu Surun High Carbon Co., Ltd.
  • Nippon Steel & Sumitomo Metal
  • Haldia Coke
  • Baosteel Group
  • Shanxi Sunlight Coking Group Company Ltd.
  • Taiyuan Coal Gasification (Group) Co. Ltd.
  • Shanxi Lubao Coking Group Co. Ltd.
  • Others

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • Drivers
  • Restraints
  • Opportunity Analysis
  • Challenges
  • Strategic Growth Initiatives

Customization & Pricing

Available Upon Request

Metallurgical Coke Market Segmentation

By Product Type, market is segmented as:

  • Blast Furnace Coke
  • Foundry Coke
  • Technical Coke

By Ash Content, market is segmented as:

  • Low Ash Content
  • High Ash Content

By End Use, market is segmented as:

  • Iron and Steel Production
  • Non-Ferrous Metal Casting
  • Chemical Industry
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • China
  • Asia Pacific excluding China
  • Middle East & Africa

- Companies Covered in This Report -

  • OKK Koksovny, A.S
  • SunCoke Energy Inc.
  • Ennore Coke Limited
  • Hickman, Williams & Company
  • China Risun Coal Chemicals Group Limited
  • Sino Hua-An International Berhad
  • China Shenhua Energy Company Limited
  • ArcelorMittal
  • Drummond Company, Inc.
  • Jiangsu Surun High Carbon Co., Ltd.
  • Nippon Steel & Sumitomo Metal
  • Haldia Coke
  • Baosteel Group
  • Shanxi Sunlight Coking Group Company Ltd.
  • Taiyuan Coal Gasification (Group) Co. Ltd.
  • Shanxi Lubao Coking Group Co. Ltd.
  • Others

- Frequently Asked Questions -

In 2022, the value of the global market reached over US$ 207.7 Billion.

In 2023, the value of the global market reached over US$ 213.8 Billion.

The global market is projected to reach US$ 307.5 Billion by the end of 2033.

The global market exhibited a CAGR of 2.3% over the last 4 years.

The global market is estimated to grow with a CAGR of 3.7% from 2023 to 2033.

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