Research Methodology on Petroleum Coke Market
Introduction
The growth of the global petroleum coke market is closely linked to the world’s economy. Rising consumption of petroleum coke across a variety of industries is observed in the last few years. Petroleum coke is highly used for making the petroleum products such as liquid fuels, transportation fuels and chemicals. Petroleum coke is widely used in industrial, residential and commercial sectors for the production of numerous products like lubricants, detergents, paint, food and others.
This study is designed to observe the trends in the global petroleum coke market to understand the various aspects of production, consumption, demand, supply, pricing and pricing trends to forecast the overall market growth. The research methodology of this study consists of several steps that are crucial for the analysis of the global petroleum coke market. The primary research includes in-depth interviews with industry experts while the secondary research includes a comprehensive study of industry reports, news items and periodicals and press releases.
Research Design
The research design employed in this study follows a quantitative and exploratory approach, examining both the primary and the secondary research in the collected data. Quantitative research is a systematic process of collecting, analyzing and summarizing numerical data to make decisions. This implies that quantitative research assesses natural phenomena quantitatively, and attempts to determine how factors influence the decision-making process.
The research design of the report begins with a literature review and then moves on to secondary research to gain a better understanding of the existing trends in the market. This research design is chosen over other secondary research resources because it provides a good base for the analysis of the performance of the coke market and its key trends over a given period. The research applies a controlled, objective and consistent approach to the data.
Secondary Research
Secondary research includes an extensive review & analysis of available market data on various product categories and subcategories. It also involves studying various competitor performance metrics and market dynamics such as pricing trends and industry trends. For worldwide market research, a secondary research report is prepared using a combination of secondary sources such as industry reports, published research papers, company publications, and media coverage. This helps in understanding industry dynamics and the market trends in the respective regions.
Primary Research
Primary research involves collecting data from direct, verifiable sources. In the report, primary research is conducted through direct interviews with industry experts, industry associations, and trade associations. These interviews are conducted over Skype and other social media platforms, and provided great insights, in terms of understanding market trends, technological advancements, market dynamics, current & potential developments, and other aspects.
Sampling
The sampling technique employed in this research consisted of two primary factors—sampling frame and sample size. The sampling frame is defined as “a subset of the population used to draw the sample or draw a generalization about the population”. For this study, representatives from the petroleum coke industry, including suppliers, manufacturers, distributors, industry experts, and academics, as well as industry publications, research journals, and media coverage, were listed as potential sources of information.
The sample size used for the primary research is determined based on the relative differences between the sources used, the research objectives, and the available resources. The sample size was set to eighty participants in order to generate statistically reliable results and minimize the effects of bias and error.
Data Analysis
A combination of qualitative and quantitative data analysis is employed for the data collection, analysis, and interpretation of the research. The qualitative analysis is used to identify the factors influencing the consumption of petroleum coke, the current trends in consumption, the demand & supply chain of the market, and the pricing strategy for the commodity. Quantitative analysis is used to quantify the primary research results to provide tangible recommendations for the business. The findings from both types of analysis are then combined to generate a comprehensive analysis of the Petroleum Coke Market.
Conclusion
This study blends primary and secondary research to provide a comprehensive analysis of the global petroleum coke market. The research design of the study employed a quantitative and exploratory approach, examining both the primary and the secondary research in the collected data. Primary research is conducted through direct interviews with industry experts and industry associations, while secondary research is conducted by studying industry reports, news items, and other published research materials. A combination of qualitative and quantitative data analysis is also employed for the data collection, analysis, and interpretation of the research. The overall findings from this study provide a comprehensive understanding of the current trends in the global petroleum coke market, its production, consumption, demand, supply and pricing.
出典：二次研究、一次研究、市場調査の未来データベースおよびアナリストレビュー
