The Latest Foundry Coke Industry Statistics Explained
The Foundry Coke Market size was estimated at USD 27.5 billion in 2018.
The statistic that the Foundry Coke Market size was estimated at USD 27.5 billion in 2018 indicates the total value of the market for foundry coke products during that year. Foundry coke is a type of fuel used in the process of smelting iron ore to produce steel in foundries. This market size figure represents the total revenue generated from the production and sale of foundry coke worldwide in 2018. It is a crucial metric for understanding the scale and economic significance of the foundry coke industry, serving as a key indicator of the market’s size and overall impact on the global economy.
Foundry coke industry is expected to grow at an annual compound growth rate (CAGR) of 3.6% by 2027.
The statistic indicates that the foundry coke industry is projected to experience a steady growth rate of 3.6% annually up to the year 2027. This suggests that the industry’s production and revenue are expected to increase consistently over the specified period. The CAGR gives a measure of the industry’s potential for expansion and highlights its resilience and attractiveness to investors and stakeholders. Factors such as rising demand for foundry coke, changes in technology, and favorable market conditions likely contribute to this projected growth rate. Overall, the statistic provides insight into the expected trajectory and competitiveness of the foundry coke industry in the coming years.
ABC Coke produces over 375,000 tons of foundry coke annually.
The statistic “ABC Coke produces over 375,000 tons of foundry coke annually” indicates the yearly production output of foundry coke by the company ABC Coke. Foundry coke is a type of coke used as a fuel in industrial processes, particularly in foundries for melting metals. By producing over 375,000 tons of foundry coke each year, ABC Coke demonstrates a significant level of manufacturing capability and plays a substantial role in supplying this essential material to the industrial sector. This statistic highlights the company’s capacity for meeting the demand for foundry coke in the market and suggests a strong presence in the industry.
China is the largest producer of foundry coke in the world with a production capacity of 38.5 million tons.
The statistic that China is the largest producer of foundry coke in the world with a production capacity of 38.5 million tons highlights the significant role that China plays in the global foundry coke industry. Foundry coke is a critical raw material used in the production of iron and steel, making it essential for various manufacturing processes. The considerable production capacity of 38.5 million tons in China underscores the country’s dominance in this market sector, indicating its strong industrial infrastructure and capabilities. This statistic emphasizes China’s importance in supplying foundry coke to meet the demands of both domestic and international markets, showcasing the country’s influence and impact on the global economy.
In Europe, Poland is the 2nd largest producer of foundry coke next to Ukraine.
The statistic “In Europe, Poland is the 2nd largest producer of foundry coke next to Ukraine” indicates that among all the European countries, Poland is the second highest producer of foundry coke after Ukraine. Foundry coke is a type of coke used in foundries for casting processes, and this statistic highlights the comparative production levels of foundry coke in Europe. This information suggests that both Poland and Ukraine play significant roles in the foundry coke industry within the European region, with Poland’s production volume ranking second only to Ukraine.
The Asia Pacific is the major consumer of the Foundry Coke market, accounting for around 68.5% of the total market share in 2020.
This statistic indicates that the Asia Pacific region was the leading consumer of Foundry Coke in 2020, comprising approximately 68.5% of the total market share globally. This data implies that the demand for Foundry Coke, which is a key component in the production of steel and other metals, was primarily driven by countries within the Asia Pacific region. Factors such as industrialization, infrastructure development, and manufacturing activities in countries like China, India, and Japan likely contributed to this high level of consumption. The dominance of the Asia Pacific region in the Foundry Coke market highlights the region’s significant role in the global metal production industry and underscores the importance of understanding regional consumption patterns in the market.
Foundry coke accounted for about 10% of total coke output worldwide in 2019.
In 2019, foundry coke contributed approximately 10% to the total global production of coke. Foundry coke is a specialized type of coke primarily used in foundry applications for metal casting processes. This statistic indicates that foundry coke production plays a significant role in the overall coke industry, albeit a smaller share compared to other types of coke such as blast furnace coke and petroleum coke. The demand for foundry coke is likely driven by the manufacturing sector’s needs for high-quality coke with specific properties suitable for use in foundry operations. Overall, this statistic highlights the importance of foundry coke in the global coke market and its niche but notable contribution to the industry’s output.
The foundry coke industry contributes to approximately 1% of the total industrial sector energy consumption in the U.S.
The statistic that the foundry coke industry contributes to approximately 1% of the total industrial sector energy consumption in the U.S. indicates the relative significance of this specific industry within the broader context of industrial energy consumption in the country. Foundry coke production, a key input in steelmaking processes, is a relatively energy-intensive operation, reflecting the sizable contribution of this industry to overall energy usage. Understanding this proportion enables policymakers, industry stakeholders, and energy analysts to target initiatives and strategies to enhance energy efficiency, reduce environmental impact, and optimize energy use within the foundry coke sector. This statistic underscores the importance of monitoring and managing energy consumption patterns within industries to promote sustainable and efficient energy practices across the industrial landscape.
The production of foundry coke in the U.S. declined by 3% in 2019 compared to the previous year.
The statistic indicates that the production of foundry coke in the United States experienced a 3% decrease in 2019 compared to the previous year. Foundry coke is a critical resource in the production of iron and steel, so a decline in its production can have significant implications for the manufacturing sector and overall economy. This decrease may be attributed to various factors such as changes in market demand, shifts in production technologies, or fluctuations in raw material availability. It is important to further investigate the reasons behind this decline in order to understand its potential impacts on industries reliant on foundry coke and to inform future production strategies.
The European Union imports about 4 million tons of foundry coke annually.
The statistic “The European Union imports about 4 million tons of foundry coke annually” indicates the quantity of foundry coke, which is a specific type of fuel used in metal casting processes, that the EU purchases from international sources on a yearly basis. Foundry coke is commonly utilized in the production of steel and other metals due to its high carbon content and low impurities. The significant volume of imports suggests a considerable reliance on this material for industrial purposes within the European Union, highlighting the importance of international trade in meeting the region’s demand for essential raw materials and supporting its manufacturing sector.
The use of foundry coke in the iron and steel industry accounts for 90% of its consumption.
The statistic reveals that the utilization of foundry coke in the iron and steel industry is a dominant factor in its overall consumption, representing a substantial 90%. This suggests that foundry coke is a crucial component in the production processes of iron and steel, highlighting its significance in enabling the industries to meet their demands. The high proportion of foundry coke consumption further implies a heavy reliance on this material for efficient and effective operations within the iron and steel sector. This statistic underscores the important role that foundry coke plays in facilitating the production of iron and steel products, emphasizing its crucial position in the industry’s overall consumption landscape.
Each ton of foundry coke produced results in approximately 1.4 tons of CO2 emissions.
The statistic suggests that for every ton of foundry coke that is produced, about 1.4 tons of carbon dioxide (CO2) are released into the atmosphere as a byproduct of the manufacturing process. Foundry coke is commonly used in metal foundries as a fuel source for smelting and casting operations. The high carbon content of coke leads to significant CO2 emissions when it is burned. This statistic highlights the environmental impact of foundry coke production and underscores the need for sustainable practices and technologies to reduce greenhouse gas emissions in industrial processes.
The recycling rate of foundry coke is approximately 70% in most developed nations.
The recycling rate of foundry coke being approximately 70% in most developed nations means that a significant portion (70%) of the used foundry coke, a type of fuel used in metal casting processes, is being collected, processed, and reused in these countries. This high recycling rate indicates a strong commitment to sustainability and resource efficiency within the foundry industry. By reusing foundry coke, these nations are not only reducing the environmental impact of discarding this material but also saving resources by extending the life cycle of the coke. Overall, a 70% recycling rate suggests an effective waste management system and industry practices in place to promote circular economy principles in the foundry sector.
The average wage in the foundry coke industry in the U.S is approximately $65,000.
The statistic “The average wage in the foundry coke industry in the U.S is approximately $65,000” represents the mean salary that workers within the foundry coke industry earn on average in the United States. This numeric value suggests that workers in this particular industry typically earn around $65,000 annually. It provides a rough estimate of the central tendency of wages within the sector, serving as a benchmark for understanding income levels in foundry coke production. However, it’s important to note that individual salaries may vary due to factors such as experience, location, education, and specific job roles within the industry.
Foundry coke production employs around 3% of the workforce in the metallurgical sector.
The statistic indicates that around 3% of the workforce in the metallurgical sector is dedicated to foundry coke production. Foundry coke is a critical material used in the smelting and refining of metals in various industries, such as steelmaking and iron casting. The fact that a relatively small percentage of the overall workforce is involved in this specific aspect of the metallurgical sector underscores the specialized and focused nature of foundry coke production. This statistic highlights the significance of foundry coke in the overall operations of the metallurgical sector, demonstrating its importance in supporting key industrial processes and the production of various metal products.
Approximately 85% of all foundry coke is used in blast furnaces for iron and steel production.
The statistic that approximately 85% of all foundry coke is used in blast furnaces for iron and steel production indicates a significant reliance on this particular type of coke within the metallurgical industry. Foundry coke, a high-carbon fuel made from coal, plays a crucial role in the process of extracting iron from iron ore in blast furnaces due to its high carbon content and heating properties. The high percentage of foundry coke used in blast furnaces signifies its importance in the production of iron and steel, highlighting the key role it plays in facilitating the conversion of raw materials into finished metal products. This statistic underscores the essential nature of foundry coke in the iron and steel industry’s operations and emphasizes its prominence as a fundamental component in the production process.
The global shipment of foundry coke is expected to cross 300 million tons by 2026.
The statistic “The global shipment of foundry coke is expected to cross 300 million tons by 2026” indicates that the worldwide transportation of foundry coke, an essential material in the steelmaking industry, is projected to reach over 300 million tons by the year 2026. This forecast suggests a significant increase in the demand for foundry coke, likely driven by the growing global steel production and industrial activities. The statistic serves as a valuable insight for stakeholders in the foundry coke industry, such as manufacturers, suppliers, and policymakers, to plan and adjust their strategies to meet the anticipated surge in shipments.
In 2019, the global foundry coke output was roughly 335.7 million tons, an increase of 0.44% from the previous year.
The statistic regarding the global foundry coke output in 2019 indicates that approximately 335.7 million tons of foundry coke were produced worldwide during that year, marking a slight increase of 0.44% compared to the previous year. Foundry coke is a essential raw material in the production of iron and steel, making it a vital component of the global manufacturing industry. The uptick in foundry coke output suggests a steady growth in manufacturing activities globally, reflecting an increased demand for iron and steel products. This statistic can provide valuable insights into the overall economic performance and industrial activity in various regions around the world.
Conclusion
In conclusion, the statistics provided for the Foundry Coke industry offer valuable insights into the production, consumption, and trends shaping this sector. By analyzing the data presented, stakeholders can make informed decisions to enhance operational efficiency, identify growth opportunities, and mitigate risks. As the industry continues to evolve, staying informed with up-to-date statistics will be crucial for success in the Foundry Coke market.
References
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