The average price for regular gasoline in the United States stood at **** U.S. dollars per gallon on October 27, 2025. This compared to a diesel price of **** U.S. dollars per gallon. Prices for gasoline and diesel remained stable that week. Real price surge of 2022 and 2023 still below 2011 to 2014 prices When looking at the real price of gasoline over time, U.S. drivers had to pay notably more in the years between 2011 and 2014. The surge in prices noted throughout 2022 and partly for 2023, which followed supply constraints, was still lower in terms of real U.S. dollars. U.S. on the lower-end spectrum of worldwide motor fuel prices The U.S. has some of the lowest conventional motor fuel prices in the world. Although fuel prices are usually higher in high-income countries, the U.S. profits from its position as the world’s largest crude oil producer and can keep retail prices for oil products comparatively low. For example, among high-income countries, prices for automotive premium gasoline (RON 95) were only lower in Russia and Saudi Arabia - countries where crude oil and oil product exports are in part restricted by sanctions, thus keeping domestic supply high.

Gasoline fell to 1.86 USD/Gal on December 2, 2025, down 0.53% from the previous day. Over the past month, Gasoline's price has fallen 2.79%, and is down 4.95% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gasoline - values, historical data, forecasts and news - updated on December of 2025.

Natural gas rose to 4.94 USD/MMBtu on December 3, 2025, up 2.04% from the previous day. Over the past month, Natural gas's price has risen 13.71%, and is up 62.29% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Natural gas - values, historical data, forecasts and news - updated on December of 2025.

The average monthly price for natural gas in the United States amounted to *** nominal U.S. dollars per million British thermal units (Btu) in October 2025. By contrast, natural gas prices in Europe were about three times higher than those in the U.S. Prices in Europe tend to be notably higher than those in the U.S. as the latter benefits from being a major hydrocarbon producer. Europe's import reliance European prices for natural gas rose most notable throughout the second half of 2021 and much of 2022, peaking at over ** U.S. dollars per million Btu in August 2022. The sharp rise was due to supply chain issues and economic strain following the COVID-19 pandemic, which was further exacerbated by Russia’s invasion of Ukraine in early 2022. As a result of the war, many countries began looking for alternative sources, and Russian pipeline gas imports to the European Union declined as a result. Meanwhile, LNG was a great beneficiary, with LNG demand in Europe rising by more than ** percent between 2021 and 2024. How domestic natural gas production shapes prices As intimated, the United States’ position among the leaders of worldwide natural gas production is one of the main reasons for why prices for this commodity are so low across the country. In 2024, the U.S. produced more than ************ cubic meters of natural gas, which allays domestic demand and allows for far lower purchasing prices.

TTF Gas fell to 27.92 EUR/MWh on December 3, 2025, down 0.17% from the previous day. Over the past month, TTF Gas's price has fallen 14.22%, and is down 40.94% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. EU Natural Gas - values, historical data, forecasts and news - updated on December of 2025.

The global natural gas price index stood at 174.31 index points in September 2025. Natural gas prices decreased that month as cooling demand fell due to colder weather than expected. The global price index takes into account indices from Europe, Japan, and the United States – some of the largest natural gas trading markets. The U.S. is the leading natural gas exporter in the world. Means of trading natural gas Liquefied natural gas (LNG) is the most common form of trading natural gas. Although piped gas is often the preferred choice for transportation between neighboring producing and consuming countries, seaborne trade as LNG has grown in market volume. This is in part thanks to high consumption in pipeline-inaccessible areas such as Japan, Korea, and China, as well as the recent increase in LNG trade by European countries. Major natural gas price benchmarks The natural gas prices often used as global benchmarks are Europe’s Dutch TTF traded on the Intercontinental Exchange, Indonesian LNG in Japan, and the U.S. Henry Hub traded on the New York Mercantile Exchange. 2022 was an especially volatile year for natural gas prices, as supply was severely constrained following sanctions on Russian imports. Other reasons for recent spikes in gas prices are related to issues at refineries, changes in demand, and problems along seaborne supply routes.

UK Gas fell to 72.60 GBp/thm on December 2, 2025, down 1.67% from the previous day. Over the past month, UK Gas's price has fallen 11.75%, and is down 40.33% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. UK Natural Gas - values, historical data, forecasts and news - updated on December of 2025.

On October 27, 2025, the price of ultra-low sulfur unleaded petrol (gasoline) in the United Kingdom averaged 134.4 pence per liter. This compared to 143.26 pence per liter for diesel. Diesel prices were consistently higher than petrol/gasoline prices throughout this period, although the margin varied. Reasons for such differences in pricing lie in the refining process and molecular makeup of the products, with diesel requiring more complex refining processes and being an overall heavier liquid. As motor fuel pricing in the UK is not regulated by a monitoring body, there may also be notable differences in prices between retailers and regions. Supermarkets provide lowest fuel prices in the UK In the UK, much of the motor fuel is sold through supermarkets. Large supermarkets, or hypermarkets, account for more than 40 percent of all motor fuel sales in the country. The reason for their popularity often lies in the fact that they offer lower average prices. In the last four years, regular petrol/gasoline sold at supermarkets was up to six pence per liter cheaper than the national average. How UK fuel prices compare to the rest of the world Tied as they are to crude oil prices, motor fuels are generally cheapest in major producing countries, such as Iran, Venezuela, and Russia. In Europe, costs of importing the raw or finished products, in addition to taxes and levies, may hike up pump prices significantly. The UK is often among the countries with the highest petrol/gasoline prices, alongside other large European car markets such as France and Germany.

On October 27, 2025, the Brent crude oil price stood at 65.14 U.S. dollars per barrel, compared to 61.31 U.S. dollars for WTI oil and 67.54 U.S. dollars for the OPEC basket. Oil prices rose slightly that week.Europe's Brent crude oil, the U.S. WTI crude oil, and OPEC's basket are three of the most important benchmarks used by traders as reference for global oil and gasoline prices. Lowest ever oil prices during coronavirus pandemic In 2020, the coronavirus pandemic resulted in crude oil prices hitting a major slump as oil demand drastically declined following lockdowns and travel restrictions. Initial outlooks and uncertainty surrounding the course of the pandemic brought about a disagreement between two of the largest oil producers, Russia and Saudi Arabia, in early March. Bilateral talks between global oil producers ended in agreement on April 13th, with promises to cut petroleum output and hopes rising that these might help stabilize the oil price in the coming weeks. However, with storage facilities and oil tankers quickly filling up, fears grew over where to store excess oil, leading to benchmark prices seeing record negative prices between April 20 and April 22, 2020. How crude oil prices are determined As with most commodities, crude oil prices are impacted by supply and demand, as well as inventories and market sentiment. However, as oil is most often traded in future contracts (where a contract is agreed upon while product delivery will follow in the next two to three months), market speculation is one of the principal determinants for oil prices. Traders make conclusions on how production output and consumer demand will likely develop over the coming months, leaving room for uncertainty. Spot prices differ from futures in so far as they reflect the current market price of a commodity.

The Asia-Pacific portable generator market, currently valued at approximately $X billion (assuming a logical value based on similar market sizes and the provided CAGR), is projected to experience robust growth, exceeding a compound annual growth rate (CAGR) of 3.20% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, increasing urbanization and industrialization across the region, particularly in rapidly developing economies like India and China, are driving demand for reliable backup power solutions. Frequent power outages and the need for uninterrupted power supply in various sectors, including residential, commercial, and industrial applications, are further bolstering market growth. The rising adoption of portable generators in disaster relief and emergency response operations also contributes significantly. Furthermore, technological advancements leading to improved fuel efficiency, reduced emissions, and enhanced safety features are making portable generators more attractive to consumers. Segmentation reveals that the above 10 kW power rating segment is expected to dominate, driven by large-scale industrial and commercial applications. Diesel fuel types currently hold a larger market share, although a shift towards gas-powered generators is anticipated due to environmental concerns and stricter emission regulations. However, certain restraints are also influencing market dynamics. The relatively high initial investment cost associated with purchasing portable generators can hinder adoption, especially in certain segments of the residential market. Fluctuations in fuel prices can also impact the overall affordability and demand for these products. Nevertheless, the overall positive growth trajectory of the Asia-Pacific region, coupled with the increasing need for reliable power, suggests that the market will continue to expand at a steady pace throughout the forecast period. Key players like Generac Holdings Inc., Caterpillar Inc., and Honda Siel Power Products Ltd. are strategically positioned to benefit from this growth, continually innovating and expanding their product offerings to cater to the diverse needs of the market. Competition is expected to remain fierce, driving further innovation and potentially leading to price reductions. Recent developments include: In April 2022, Japanese auto major Honda Motor Company's power products arm, Honda India Power Products Ltd, which has more than 90% share of the portable generators market in the country, is now expanding its presence in India by entering the marine outboard motors segment., Honda, in January 2022, announced plans to begin sales of an all-new EU32i portable generator equipped with a newly designed dedicated engine (maximum output: 3.2kVA). Sales has begun in the European region in March 2022, followed by the expansion of sales to other regions around the world, including Asia-Pacific.. Notable trends are: Residential Sector to Witness Significant Growth.

The size of the Canada Waste to Energy Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 3.34">> 3.34% during the forecast period. Recent developments include: March 2022: ANDION Global Inc. announced that the company secured a USD 20 million multi-partner financing to expand Andion's operations and acquire equity stakes in existing projects and accelerate the development of Andion's projects located across the world, including Canada., February 2022: A waste-to-energy plant came online in Meadow Lake, Saskatchewan, Canada. The plant is expected to provide power to around 5,000 homes in Saskatchewan and provide heat and power for a new continuous kiln.. Key drivers for this market are: Strict Regulations for Wastewater Treatment Across Residential and Industrial Sector, Rising Use for Recovery in the Oil and Gas and Mining Industries. Potential restraints include: High Operation and Maintenance Costs4., Volatility in Oil and Gas Prices. Notable trends are: Thermal-based Waste to Energy Conversion May Have Increasing Adoption.

According to Cognitive Market Research, the global Electric Vehicles Market was valued at approximately USD XX billion in 2025 and is expected to grow to USD XX billion by 2031, expanding at a CAGR of XX% during the forecast period.

North America held largest share of XX% in the year 2025. Europe held share of XX% in the year 2025. Asia-Pacific held significant share of XX% in the year 2025. South America held significant share of XX% in the year 2025. Middle East and Africa held significant share of XX% in the year 2025.

Market Dynamics of

Electric Vehicles Market

Key Drivers of Electric Vehicles Market

Lower operating and maintenance costs of electric vehicles are a key driver of growth in the market.

EVs use electricity to charge their batteries, instead of using fossil fuels like petrol or diesel, making the running cost of an electric vehicle much lower. EV charging costs are not dependent on global oil markets, freeing them from price shocks, disruptions and supply shortages. Using renewable energy sources at home, such as solar panels can further reduce the cost of charging an EV. EVs have fewer moving parts, unlike an internal combustion vehicle, resulting in less frequent servicing, thereby reducing maintenance costs, making the yearly cost of running an EV significantly low.

For instance, as of March 2022, driving an EV was dramatically cheaper than driving a gas-powered vehicle. EVs are 3-5 times cheaper to drive per mile than gas-powered vehicles.
The lifetime cost of ownership for EVs is thousands of dollars cheaper than gas-powered vehicles, saving EV owners anywhere between $6,000 and $10,000 over the lifespan of the car. 
A consumer survey showed that EV drivers tend to spend about 60 percent less each year on fuel costs compared to drivers of gas-powered cars.

(Source:https://www.zeta.org/news/electric-vehicles-are-delivering-marked-cost-savings-for-drivers-and-surging-gasoline-prices-are-making-the-cost-savings-increasingly-apparent )

(Source:https://www.nrdc.org/stories/electric-vs-gas-cars-it-cheaper-drive-ev#:~:text=A%202020%20Consumer%20Reports%20study,drivers%20of%20gas%2Dpowered%20cars. )

Rising concerns of environmental impact is driving demand for electric vehicles.

Electric vehicles were introduced due to a variety of factors, environmental concerns being one of them. Initially EVs gained popularity not only for their quiet operation and ease of use but also because of the lack of noxious fumes compared to fuel-based vehicles. As concerns around the environmental impact grew, EVs became a significant advantage. Gas-powered vehicles contribute significantly to air pollution and green house gas emissions, causing environmental problems, while EVs offer a cleaner alternative, producing zero emissions. The rise in awareness of climate change and higher pollution motivates individuals to adopt for EVs, which offer zero tailpipe emissions. Unlike petrol or diesel-based motors, EV motors are almost silent, especially when driven at a lower speed. This results in creating a quieter environment, making it more peaceful and pleasant for both people as well as wildlife.

For instance, in recent years, most policies supporting EVs target the electric light-duty vehicle (LDV) segment, for which market maturity is most advanced and vehicle availability greatest. In 2022, more than 90% of global sales of LDVs were covered by policy that encourages EV uptake. Typical policies include fuel economy and pollutant standards; zero-emission vehicle mandates; economic and budgetary regulation for fuels and vehicles, such as through fiscal regimes and taxation; purchase incentives and subsidies; and bans on internal combustion engine (ICE)-only vehicles.(Source: https://www.iea.org/reports/global-ev-outlook-2023/policy-developments )

Restraint

Inadequate charging infrastructure remains to be a challenge in the global EV market

Limited adequate charging infrastructure is a major restraint, hindering the growth of the global electric vehicle market. Despite increasing consumer interest and rapid growth in the market, the lack of readily available and easily accessible charging stations can deter potential consumers. This can create range anxiety for consumers as many EVs have limited driving ranges, making long trips challenging. The cost of installing EV chargers is also a barrier. Equipment, insta...

The average wood fuel export price stood at $98.1 per cubic meter in March 2022, falling by -9.1% against the previous month.

Germany Gasoline Price: With Taxes: Euro-Super 95 data was reported at 1,733.000 EUR/1000 l in 12 May 2025. This records an increase from the previous number of 1,728.000 EUR/1000 l for 05 May 2025. Germany Gasoline Price: With Taxes: Euro-Super 95 data is updated weekly, averaging 1,397.500 EUR/1000 l from Jan 2002 (Median) to 12 May 2025, with 1162 observations. The data reached an all-time high of 2,259.000 EUR/1000 l in 14 Mar 2022 and a record low of 948.800 EUR/1000 l in 07 Jan 2002. Germany Gasoline Price: With Taxes: Euro-Super 95 data remains active status in CEIC and is reported by European Commission's Directorate-General for Energy. The data is categorized under Global Database’s Germany – Table DE.DG ENER: Gasoline Price.

The US oil and gas midstream market, a vital component of the nation's energy infrastructure, is experiencing robust growth, fueled by increasing energy demand and the ongoing transition to cleaner energy sources. The market, encompassing transportation, storage, and LNG terminals, is projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 4.15% from 2025 to 2033. This growth is driven by several key factors. Firstly, the increasing production of shale oil and gas necessitates efficient and expanded midstream infrastructure for transportation and storage. Secondly, growing investments in LNG export terminals cater to the rising global demand for liquefied natural gas. Furthermore, regulatory changes aimed at improving pipeline safety and environmental standards are prompting modernization and expansion initiatives within the industry. However, the market also faces constraints such as fluctuating oil and gas prices, environmental concerns related to pipeline construction and operation, and potential delays in securing necessary permits and approvals for new projects. Competition among major players such as Kinder Morgan, Enbridge, and Energy Transfer is intense, necessitating strategic alliances, acquisitions, and operational efficiency to maintain market share. The segmentation of the market reveals Transportation as the dominant sector, followed by Storage and LNG Terminals. While North America, particularly the US, holds the largest market share, other regions are experiencing growth driven by expanding energy infrastructure and population growth. The continued expansion of renewable energy sources might create some pressure on long-term growth, yet the necessity for reliable energy transportation and storage within the transition period ensures continued relevance and investment in the midstream sector. The forecast period anticipates a significant expansion of the market driven by increasing investments in pipeline infrastructure upgrades, improved storage facilities, and the expanding LNG export sector. The strategic focus on technological advancements like data analytics and automation promises to enhance efficiency and operational safety. Recent developments include: In March 2022, New Fortress Energy Inc. announced the execution of two 20-year sale and purchase agreements (SPA) with Venture Global LNG. Under the agreement, Venture Global will supply 2 million tonnes per annum (MTPA) of LNG on a free on board (FOB) basis from its LNG facilities in Louisiana., In November 2020, the Saginaw Trail Pipeline, a Consumer Energy interstate project replacing and expanding pipelines and other infrastructure, entered service with 200 MMcf/d (5.66 MMcm/d) of capacity in the central Michigan counties of Saginaw, Genesse, and Oakland.. Notable trends are: The Transportation Segment Expected to Dominate the Market.

The Middle-East and Africa Defense Aircraft Aviation Fuel Market is projected to exhibit a robust CAGR of 10.00% during the forecast period of 2025-2033. The market size is estimated to be valued at XX million in 2025 and is anticipated to reach a value of XX million by 2033. The growth of the market can be attributed to rising defense spending by countries in the Middle East and Africa region, increasing demand for aviation fuel for military operations, and the need for fuel-efficient aircraft. Key market drivers include increased geopolitical tensions and conflicts in the region, leading to higher defense spending and demand for aviation fuel. The growing adoption of unmanned aerial vehicles (UAVs) and the increasing number of air exercises and training sessions are also contributing to the market's growth. Trends such as the adoption of sustainable fuels and the development of more efficient aircraft engines are expected to shape the market's landscape in the coming years. Restraints include fluctuating fuel prices and the availability of alternative fuels. The market is segmented based on fuel type (aviation turbine fuel (ATF), aviation biofuel), geography (United Arab Emirates, Saudi Arabia, Rest of Middle-East and Africa), and company (RNGS Trading, BP plc, Abu Dhabi National Oil Company, Emirates National Oil Co Ltd LLC, Saudi Arabian Oil Co, World Fuel Services Corp). Recent developments include: March 2022: U.S. Central Command informed the Senate Armed Services Committee that the United States would sell F-15 Eagle fighter jets to Egypt., February 2023: China's aviation industry announced that the United Arab Emirates signed an agreement to export domestically developed L-15 advanced trainer jets.. Key drivers for this market are: 4., Increasing Natural Gas Production4.; Rising Upstream Oil and Gas Investments. Potential restraints include: 4., Plans to Diversify the Power Generation Mix by Adoption of Renewable Energy Sources. Notable trends are: Aviation Turbine Fuel (ATF) to Dominate the Market.

Fuel wholesalers' revenue is hugely influenced by trends in the world price of oil. OPEC+ manipulates oil prices by controlling the global oil supply, adjusting production quotas, communicating strategically and collaborating with other major oil producers. Plummeting demand for fuel during the COVID-19 outbreak led to historically low oil prices over 2020-21, causing a sharp dip in revenue and profit. However, cuts to production by OPEC+ led to prices recovering to pre-pandemic levels in February 2021. Oil prices surged to a 14-year high in March 2022 amid supply chain disruptions following key oil exporter Russia's invasion of Ukraine, leading to petrol prices surpassing 180p per litre for the first time. As a result, fuel wholesalers’ revenue surged in 2021-22 and 2022-23. In 2023-24, wholesale prices remained inflated on pre-conflict levels, although they were significantly lower than their peak in June 2022. In 2024-25, prices have returned to pre-conflict levels, driving an expected 0.2% boost in revenue. The industry faces increasing competition from renewable energy sources and the robust growth in alternatively fuelled vehicles (AFVs), as the government has encouraged the purchase of AFVs through government subsidies since 2011. Fuel duty was frozen for the 15th consecutive year in the October 2024 Budget. However, energy consumption in the UK has dipped as technology has become increasingly fuel-efficient. Still, over the five years through 2024-25, revenue is anticipated to grow at a compound annual rate of 0.5% to reach £71.5 billion. Fuel prices will inevitably continue to be dictated by OPEC+ over the coming years. However, geopolitical volatility will threaten this alliance. The prospective ban on new petrol and diesel vehicle sales — part of a wider government policy to target net-zero emissions by 2050 — also threatens future fuel sales. Increasingly stringent environmental regulations will constrain fuel demand. Over the five years through 2029-30, revenue is expected to edge upwards at a compound annual rate of 0.8% to £74.4 billion.

According to Cognitive Market Research, the global Electric Vehicles (EV) market size is USD 389581.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 14.00% from 2024 to 2031.

North America holds the major market of more than 40% of the global revenue with a market size of USD 155832.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.2% from 2024 to 2031.
Europe accounts for a share of over 30% of the global market size of USD 116874.36 million.
Asia Pacific holds the market of around 23% of the global revenue with a market size of USD 89603.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.0% from 2024 to 2031.
Latin America's market has more than 5% of the global revenue, with a market size of USD 19479.06 million in 2024, and will grow at a compound annual growth rate (CAGR) of 13.4% from 2024 to 2031.
Middle East and Africa holds the market of around 2% of the global revenue with a market size of USD 7791.62 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.7% from 2024 to 2031.
Mid-priced holds the highest Electric Vehicles (EV) market revenue share in 2024.

Market Dynamics of Electric Vehicles (EV) Market

Key Drivers for Electric Vehicles (EV) Market

Lower operating and maintenance costs of electric vehicles are a key driver of growth in the market.

EVs use electricity to charge their batteries, instead of using fossil fuels like petrol or diesel, making the running cost of an electric vehicle much lower. EV charging costs are not dependent on global oil markets, freeing them from price shocks, disruptions and supply shortages. Using renewable energy sources at home, such as solar panels can further reduce the cost of charging an EV. EVs have fewer moving parts, unlike an internal combustion vehicle, resulting in less frequent servicing, thereby reducing maintenance costs, making the yearly cost of running an EV significantly low.

For instance, as of March 2022, driving an EV was dramatically cheaper than driving a gas-powered vehicle. EVs are 3-5 times cheaper to drive per mile than gas-powered vehicles.

(Source:https://www.zeta.org/news/electric-vehicles-are-delivering-marked-cost-savings-for-drivers-and-surging-gasoline-prices-are-making-the-cost-savings-increasingly-apparent )

Rising concerns of environmental impact is driving demand for electric vehicles.

Electric vehicles were introduced due to a variety of factors, environmental concerns being one of them. Initially EVs gained popularity not only for their quiet operation and ease of use but also because of the lack of noxious fumes compared to fuel-based vehicles. As concerns around the environmental impact grew, EVs became a significant advantage. Gas-powered vehicles contribute significantly to air pollution and green house gas emissions, causing environmental problems, while EVs offer a cleaner alternative, producing zero emissions. The rise in awareness of climate change and higher pollution motivates individuals to adopt for EVs, which offer zero tailpipe emissions. Unlike petrol or diesel-based motors, EV motors are almost silent, especially when driven at a lower speed. This results in creating a quieter environment, making it more peaceful and pleasant for both people as well as wildlife.

For instance, in recent years, most policies supporting EVs target the electric light-duty vehicle (LDV) segment, for which market maturity is most advanced and vehicle availability greatest. In 2022, more than 90% of global sales of LDVs were covered by policy that encourages EV uptake. Typical policies include fuel economy and pollutant standards; zero-emission vehicle mandates; economic and budgetary regulation for fuels and vehicles, such as through fiscal regimes and taxation; purchase incentives and subsidies; and bans on internal combustion engine (ICE)-only vehicles.(Source: https://www.iea.org/reports/global-ev-outlook-2023/policy-developments )

Rising Fuel Prices to Propel Market Growth

Another key driver in the Electric Vehicles (EV) market is Surging fossil fuel prices in India, which is one of the major factors that are anticipated to drive the need for EVs in the region. The purchasing expenses of fossil fuel-powered vehicles are lower than that of electric vehicles. However, their operating price is high due to expanding gasoline and diesel prices. In cont...

In March 2022, the average metal solid fuel appliances export price amounted to $357 per unit, with a decrease of -27.2% against the previous month.

According to Cognitive Market Research, the global Petroleum Coke market size will be USD 26814.5 million in 2025. It will expand at a compound annual growth rate (CAGR) of 8.50% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 9921.37 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 7776.21 million.
APAC held a market share of around 23% of the global revenue with a market size of USD 6435.48 million in 2025 and will grow at a compound annual growth rate (CAGR) of 11.3% from 2025 to 2033.
South America has a market share of more than 5% of the global revenue with a market size of USD 1018.95 million in 2025 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2025 to 2033.
Middle East had a market share of around 2% of the global revenue and was estimated at a market size of USD 1072.58 million in 2025 and will grow at a compound annual growth rate (CAGR) of 9.8% from 2025 to 2033.
Africa had a market share of around 1% of the global revenue and was estimated at a market size of USD 589.92 million in 2025 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2025 to 2033.
Calcined Coke is the fastest-growing segment of the Petroleum Coke Market

Market Dynamics of Petroleum Coke Market

Key Drivers for Petroleum Coke Market

Increase in global steel production boosts petroleum coke market growth: The increase in steel production is expected to drive the future growth of the petroleum coke market. Steel production has increased globally due to rising demand from railways, highway buildings, and automobiles. Petcoke serves as a feedstock in the iron and steel industry, where it is combined with coking coal during the coke-making process. The use of pet coke results in a 16% decrease in coking coal consumption and a net reduction in energy intensity of just over 1%. For instance, according to IBEF, an Indian government export promotion agency responsible for the international distribution and sale of Indian products, finished steel production in August 2022 was 125.32 million tons (MT), while crude steel production was 121.29 million tons (MT). In addition, steel production is expected to increase 4-7% to 123-127 MT in FY24. As a result, the increase in steel production due to the development of railways, highway construction, automobiles, and transportation sectors is driving the growth of the petroleum coke market

Infrastructure development boom drives growth in the petroleum coke market: Rising infrastructure development will fuel the petroleum coke market. As countries seek to modernize their infrastructure, expand transportation networks, and develop urban areas, the demand for construction materials such as steel and cement rises dramatically. Petroleum coke is used as a key fuel and carbon additive in the production of steel and cement, making it an important component of infrastructure development. According to a report published by the White House on the progress of the Bipartisan Infrastructure Law in 2022, 2,800 bridge repair and replacement projects were initiated across America. Furthermore, in March 2022, the South African government, through the Department of Public Works and Infrastructure, announced the National Infrastructure Plan 2050 (Nip 2050) Phase I, which aims to strengthen and build critical infrastructure in the country. Such an increase in infrastructure development will drive the petroleum coke market forward

Key Restraints for Petroleum Coke Market

Environmental Concerns, Will Limit Market Growth: Environmental concerns about petcoke production and usage stifle market growth. Petcoke is a significant source of greenhouse gas emissions, owing to its high carbon content. The combustion of petcoke emits large amounts of carbon dioxide, a powerful greenhouse gas, into the atmosphere. Furthermore, the manufacturing process itself consumes massive amounts of energy, resulting in additional emissions. Another issue is air pollution caused by petcoke combustion, which produces harmful particles such as sulfur oxides, nitrogen oxides, and particulate matter. These pollutants can cause respiratory problems, exacerbate pre-existing health conditions such as asthma, and even lead to premature death. Furthermore, pe...