Oil & Gas Equipment & Services · Indirect
Monitoring · monthly
Procurement Category Intelligence

Coker Units

Overview
Market size
$4.6B
global, USD
CAGR
4.3%
base to forecast
Buyer power
-2.4
supplier-favoured
Suppliers
7
tracked players
Signals
12
4 high severity

Market outlook

2031$5.7B

What changed

Demand by region

Asia Pacific demand40%
North America demand30%
Middle East & Africa demand15%
Europe demand10%
Rest of world demand5%
share of global demandtotal 100%

Cost drivers

  • The primary raw material feedstock for global coker units is vacuum reduced crude (VRC) or vacuum residue, which represents the heavy bottom fraction left after the vacuum distillation of crude oil.
  • Coker units inherently tolerate inferior heavy oil feeds characterized by high concentrations of asphaltenes, resins, sulfur, and heavy metals, making them highly resilient compared to catalytic residue options.
  • Secondary upstream feedstocks processed by delayed coking units to recover distillate fractions and generate industrial coke include atmospheric distillation residues (tar, fuel oil), pitch, and fluid catalytic cracking (FCC) slurry.
  • Upstream supply dynamics are driven by a worldwide rise in the proportion of heavy and high-sulfur crude oils within refinery feed slates, expanding the operational demand for delayed coking as a critical bottom-of-the-barrel conversion technique.

Supplier watchlist

7 tracked