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The production of the petroleum coke is linked with the production of oil, as it is a byproduct of oil refineries. The market is highly price sensitive and the global consumption of petroleum coke is highly dependent on competitive prices in fuel market. The global petroleum coke market is driven by increasing global energy demand. Petroleum coke being used as energy sources by power plants is highly influenced by increasing global energy demand. Growth of cement & construction industry is another driving factor for petroleum coke market growth. The advancement in technology that increased the oil production is also driving the market globally.
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