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石化燃料碳

市場調查報告書

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1460647

石油焦市場 - 全球產業規模、佔有率、趨勢、機會和預測，按類型、應用、地區和競爭細分，2019-2029F

Petroleum Coke Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type, By Application, By Region and Competition, 2019-2029F

出版日期: 2024年04月03日 | 出版商:

TechSci Research | 英文 185 Pages | 商品交期: 2-3個工作天內

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簡介目錄

2023 年，全球石油焦市場（石油焦）估值為 265.4 億美元，預計在預測期內將強勁成長，到 2029 年CAGR為 5.26%。石油焦是煉油過程中衍生的最終固體材料。它有兩種形式：燃料級和煅燒級。除了汽油、柴油和噴射燃料之外，還可以從一桶原油中提取各種其他產品。這種多功能資源可應用於發電、建築、鋁和其他金屬等行業。

全球約 80% 的石油焦產量為「燃料級」石油焦，俗稱綠色焦炭。它主要用於發電和水泥窯。全球重油供應的成長，加上水泥和發電行業的進步，預計將在預測期內推動全球石油焦市場的成長。

鐵路、公路建設、汽車和交通運輸領域的發展帶動了鋼鐵產量的成長，也促進了石油焦市場的成長。由於其灰分含量相對較低且毒性極小，石油焦被廣泛應用於各行業。此外，中東和非洲正在經歷重大的基礎設施建設，這可能會增加該地區在預測期內對石油焦的需求。

煉油廠建立了延遲焦化裝置來生產石油焦。然而，由於石油焦使用的嚴格環境法規（主要是其硫含量高），市場成長可能面臨挑戰。預計這些法規將阻礙預測期內的市場成長。

主要市場促進因素

石油焦在鋼鐵生產的使用不斷增加

Global Petroleum Coke Market (Pet Coke) was valued at USD 26.54 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 5.26% through 2029. Petroleum coke is the final solid material derived from oil refining. It is obtained in two forms: fuel grade and calcined grade. Apart from gasoline, diesel, and jet fuels, various other products can be extracted from a barrel of crude oil. This versatile resource finds applications in industries such as power generation, construction, aluminum, and other metals.

Around 80% of the global petroleum coke production is in the form of "fuel-grade" petroleum coke, commonly known as green coke. It is primarily used for electricity generation and in cement kilns. The growth in the supply of heavy oils across the globe, coupled with advancements in the cement and power generation industries, is expected to drive the growth of the global petroleum coke market during the forecast period.

The rise in steel production, driven by the development of railways, highway construction, automobiles, and transportation segments, has also contributed to the growth of the petroleum coke market. Due to its relatively low ash content and minimal toxicity, petroleum coke is widely used in various industries. Furthermore, the Middle East and Africa are witnessing significant infrastructure development, which is likely to enhance the demand for petroleum coke in the region during the projected period.

Refineries have established delayed coking units to produce petroleum coke. However, the market growth may face challenges due to stringent environmental regulations regarding the use of petroleum coke, mainly because of its high sulfur content. These regulations are expected to hamper the market growth during the forecast period.

Key Market Drivers

Growing Use of Petroleum Coke in Steel Production

The global Petroleum Coke Market (Pet Coke) has been experiencing steady growth in recent years, primarily fueled by the increasing demand from various industries such as cement, power generation, and steel production. In particular, the growing use of petroleum coke in steel production has emerged as one of the key drivers of the market's expansion.

Pet coke, a crucial raw material in steel production, plays a vital role in reducing production costs and enhancing the quality of steel. Its unique properties make it an indispensable component in the steelmaking process, contributing to improved efficiency and overall performance. As a result, the demand for pet coke in the steel industry is projected to witness significant growth in the years to come, further driving the overall market expansion.

Furthermore, the rising adoption of electric arc furnaces in steel production has also contributed to the increasing demand for pet coke. Electric arc furnaces offer several advantages over traditional blast furnaces, including energy efficiency, reduced emissions, and flexibility in manufacturing different types of steel. This shift towards electric arc furnaces has bolstered the need for pet coke as a cost-effective and reliable fuel source, reinforcing its importance in the steel manufacturing sector.

Growing Use of Petroleum Coke in Cement Manufacturing

Petroleum coke (pet coke), an essential raw material in cement manufacturing, plays a crucial role in reducing production costs and enhancing cement quality. Its high carbon content and low ash content make it an ideal fuel for cement kilns, leading to energy-efficient operations and cost savings for cement manufacturers. As a result, the demand for pet coke in the cement industry is projected to experience substantial growth in the foreseeable future, driving the overall market expansion.

The global pet coke market is expected to be propelled further by the increasing urbanization and infrastructure development projects in rapidly developing countries like China and India. These nations' ambitious construction initiatives create a significant demand for cement, consequently boosting the requirement for pet coke as a vital component in the cement manufacturing process.

Key Market Challenges

Growing Air Quality Regulations

Governments around the world are taking decisive steps to combat air pollution by imposing stricter regulations on industries that emit pollutants such as sulfur dioxide and nitrogen oxide. These efforts are aimed at safeguarding the environment and improving air quality for the well-being of communities worldwide.

One of the significant contributors to air pollution is pet coke, a fuel with high sulfur content. As a result, the global Pet Coke market is facing increasing challenges due to the growing regulations on air quality.

For instance, in the United States, the Environmental Protection Agency (EPA) has implemented the National Ambient Air Quality Standards (NAAQS) to set limits on emissions of sulfur dioxide and nitrogen oxide from industries, including those using pet coke as a fuel. This ensures that industries comply with the standards and take necessary measures to reduce their environmental impact.

The European Union's Emissions Trading System (ETS) aims to curb greenhouse gas emissions by putting a price on carbon. This initiative makes high sulfur content fuels like pet coke less attractive to industries, encouraging them to explore cleaner alternatives.

Several countries have implemented bans or restrictions on the import and use of high sulfur content fuels like pet coke. For example, in India, one of the largest consumers of pet coke, several states have imposed a ban on its import and use to mitigate air pollution.

Industries are increasingly embracing cleaner energy sources and technologies, which further impact the demand for pet coke. The power generation industry, for instance, is witnessing a significant shift towards renewable energy sources such as wind and solar power. This transition reduces the reliance on high sulfur content fuels like pet coke, contributing to a cleaner and more sustainable energy landscape.

Key Market Trends

Shift Towards High-Sulfur Pet Coke

Pet coke, also known as petroleum coke, is a byproduct of the oil refining process. With its high calorific value, it serves as a fuel in various industries. High-sulfur pet coke, characterized by a higher sulfur content, is more cost-effective and readily available compared to low-sulfur pet coke. This advantage has led many industries to shift towards high-sulfur pet coke, aiming to reduce production costs and increase efficiency.

As the demand for pet coke continues to rise, particularly in the cement industry, its high calorific value and low cost make it an attractive choice. The cement industry recognizes the benefits of pet coke and anticipates a significant increase in its usage.

Therefore, the emerging trend in the global Petroleum Coke Market (Pet Coke) is the shift towards high-sulfur pet coke. This trend is driven by the cost-effectiveness and availability of high-sulfur pet coke, with developing countries in the Asia Pacific region contributing to the market's growth. However, it is important to acknowledge that the increased use of high-sulfur pet coke poses challenges to air and water quality. To comply with environmental regulations, the industry must adopt cleaner technologies and fuels.

Segmental Insights

Type Insights

Based on the category of type, the fuel grade segment emerged as the dominant player in the global market for petroleum coke in 2023. The structure of fuel-grade coke, used in various industries, is primarily categorized as either sponge coke or shot coke. While oil refineries have been producing coke for over a century, the exact mechanisms that lead to the formation of these different types of coke are not fully understood and cannot be predicted with precision.

In general, the formation of sponge coke is favored by lower temperatures and higher pressures. Sponge coke, known for its high heat content and low ash composition, is widely used as a fuel in coal-fired boilers for power generation. However, it is important to note that petroleum coke, although a valuable fuel source, is also high in sulfur and low in volatile composition. This characteristic poses significant environmental and technical challenges during combustion.

As research continues in the field, gaining a deeper understanding of the formation and properties of different types of coke will contribute to the development of more efficient and environmentally friendly fuel alternatives.

Application Insights

The aluminum other metals segment is projected to experience rapid growth during the forecast period. The factors that contribute to the rising demand for aluminum as a carbon and energy source to provide fuel for the generation of electricity to operate cement kilns are multifaceted. One aspect is the growing need for sustainable and environmentally friendly energy solutions in various industries, including the aluminum and steel sectors.

Additionally, the increasing focus on reducing carbon emissions and transitioning to cleaner energy sources has led to a greater emphasis on utilizing aluminum as a viable alternative. This, in turn, drives the demand for aluminum in the cement kiln operations, as it offers a more sustainable and efficient fuel option. As a result, the demand for aluminum in this segment is projected to continue to grow, fueled by the combined forces of increased demand from the aluminum and steel industries and the ongoing shift towards greener energy practices.

Regional Insights

Asia Pacific emerged as the dominant player in the Global Petroleum Coke Market (Pet Coke) in 2023, holding the largest market share in terms of value. In terms of demand, it is anticipated that the Asia Pacific region will continue to hold its position as the leading regional market in the near future. Petroleum coke, a byproduct of oil refining, is widely used in power plants and cement kilns, particularly in emerging economies such as India and China.

In China, a significant portion of the petroleum coke consumed in power plants is utilized specifically for electricity generation, contributing to the country's growing energy needs. This trend underscores the importance of petroleum coke as a valuable resource in supporting the development and sustainability of these rapidly growing economies.

Key Market Players

Aminco Resources LLC

BP PLC

GRAPHITE INDIA LIMITED

Marathon Petroleum Corporation

Nippon Coke and Engineering Co., Ltd

Oxbow Corporation

PETROLEUM COKE INDUSTRIES COMPANY

Phillips 66 Company

Renelux Cyprus Ltd

Suncor Energy Inc

Report Scope: In this report, the Global Petroleum Coke Market (Pet Coke) has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Petroleum Coke Market,By Type:

Fuel Grade
Calcined Coke

Petroleum Coke Market,By Application:

Aluminum Other Metals
Cement
Storage
Steel
Power
Others

Petroleum Coke Market, By Region:

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East Africa
- South Africa
- Saudi Arabia
- UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Petroleum Coke Market (Pet Coke).

Available Customizations:

Global Petroleum Coke Market (Pet Coke) report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1.Product Overview

1.1.Market Definition
1.2.Scope of the Market
- 1.2.1.Markets Covered
- 1.2.2.Years Considered for Study
- 1.2.3.Key Market Segmentations

2.Research Methodology

2.1.Objective of the Study
2.2.Baseline Methodology
2.3.Key Industry Partners
2.4.Major Association and Secondary Sources
2.5.Forecasting Methodology
2.6.Data Triangulation Validation
2.7.Assumptions and Limitations

3.Executive Summary

3.1.Overview of the Market
3.2.Overview of Key Market Segmentations
3.3.Overview of Key Market Players
3.4.Overview of Key Regions/Countries
3.5.Overview of Market Drivers, Challenges, Trends

4.Global Petroleum Coke Market (Pet Coke) Outlook

4.1.Market Size Forecast
- 4.1.1.By Value
4.2.Market Share Forecast
- 4.2.1.By Type (Fuel Grade, Calcined Coke)
- 4.2.2.By Application (Aluminum Other Metals, Cement, Storage, Steel, Power, and Others)
- 4.2.3.By Region
- 4.2.4.By Company (2023)
4.3.Market Map
- 4.3.1.By Type
- 4.3.2.By Application
- 4.3.3.By Region

5.Asia Pacific Petroleum Coke Market Outlook

5.1.Market Size Forecast
- 5.1.1.By Value
5.2.Market Share Forecast
- 5.2.1.By Type
- 5.2.2.By Application
- 5.2.3.By Country
5.3.Asia Pacific: Country Analysis
- 5.3.1.China Petroleum Coke Market Outlook
  - 5.3.1.1.Market Size Forecast
    - 5.3.1.1.1.By Value
  - 5.3.1.2.Market Share Forecast
    - 5.3.1.2.1.By Type
    - 5.3.1.2.2.By Application
- 5.3.2.India Petroleum Coke Market Outlook
  - 5.3.2.1.Market Size Forecast
    - 5.3.2.1.1.By Value
  - 5.3.2.2.Market Share Forecast
    - 5.3.2.2.1.By Type
    - 5.3.2.2.2.By Application
- 5.3.3.Australia Petroleum Coke Market Outlook
  - 5.3.3.1.Market Size Forecast
    - 5.3.3.1.1.By Value
  - 5.3.3.2.Market Share Forecast
    - 5.3.3.2.1.By Type
    - 5.3.3.2.2.By Application
- 5.3.4.Japan Petroleum Coke Market Outlook
  - 5.3.4.1.Market Size Forecast
    - 5.3.4.1.1.By Value
  - 5.3.4.2.Market Share Forecast
    - 5.3.4.2.1.By Type
    - 5.3.4.2.2.By Application
- 5.3.5.South Korea Petroleum Coke Market Outlook
  - 5.3.5.1.Market Size Forecast
    - 5.3.5.1.1.By Value
  - 5.3.5.2.Market Share Forecast
    - 5.3.5.2.1.By Type
    - 5.3.5.2.2.By Application

6.Europe Petroleum Coke Market Outlook

6.1.Market Size Forecast
- 6.1.1.By Value
6.2.Market Share Forecast
- 6.2.1.By Type
- 6.2.2.By Application
- 6.2.3.By Country
6.3.Europe: Country Analysis
- 6.3.1.France Petroleum Coke Market Outlook
  - 6.3.1.1.Market Size Forecast
    - 6.3.1.1.1.By Value
  - 6.3.1.2.Market Share Forecast
    - 6.3.1.2.1.By Type
    - 6.3.1.2.2.By Application
- 6.3.2.Germany Petroleum Coke Market Outlook
  - 6.3.2.1.Market Size Forecast
    - 6.3.2.1.1.By Value
  - 6.3.2.2.Market Share Forecast
    - 6.3.2.2.1.By Type
    - 6.3.2.2.2.By Application
- 6.3.3.Spain Petroleum Coke Market Outlook
  - 6.3.3.1.Market Size Forecast
    - 6.3.3.1.1.By Value
  - 6.3.3.2.Market Share Forecast
    - 6.3.3.2.1.By Type
    - 6.3.3.2.2.By Application
- 6.3.4.Italy Petroleum Coke Market Outlook
  - 6.3.4.1.Market Size Forecast
    - 6.3.4.1.1.By Value
  - 6.3.4.2.Market Share Forecast
    - 6.3.4.2.1.By Type
    - 6.3.4.2.2.By Application
- 6.3.5.United Kingdom Petroleum Coke Market Outlook
  - 6.3.5.1.Market Size Forecast
    - 6.3.5.1.1.By Value
  - 6.3.5.2.Market Share Forecast
    - 6.3.5.2.1.By Type
    - 6.3.5.2.2.By Application

7.North America Petroleum Coke Market Outlook

7.1.Market Size Forecast
- 7.1.1.By Value
7.2.Market Share Forecast
- 7.2.1.By Type
- 7.2.2.By Application
- 7.2.3.By Country
7.3.North America: Country Analysis
- 7.3.1.United States Petroleum Coke Market Outlook
  - 7.3.1.1.Market Size Forecast
    - 7.3.1.1.1.By Value
  - 7.3.1.2.Market Share Forecast
    - 7.3.1.2.1.By Type
    - 7.3.1.2.2.By Application
- 7.3.2.Mexico Petroleum Coke Market Outlook
  - 7.3.2.1.Market Size Forecast
    - 7.3.2.1.1.By Value
  - 7.3.2.2.Market Share Forecast
    - 7.3.2.2.1.By Type
    - 7.3.2.2.2.By Application
- 7.3.3.Canada Petroleum Coke Market Outlook
  - 7.3.3.1.Market Size Forecast
    - 7.3.3.1.1.By Value
  - 7.3.3.2.Market Share Forecast
    - 7.3.3.2.1.By Type
    - 7.3.3.2.2.By Application

8.South America Petroleum Coke Market Outlook

8.1.Market Size Forecast
- 8.1.1.By Value
8.2.Market Share Forecast
- 8.2.1.By Type
- 8.2.2.By Application
- 8.2.3.By Country
8.3.South America: Country Analysis
- 8.3.1.Brazil Petroleum Coke Market Outlook
  - 8.3.1.1.Market Size Forecast
    - 8.3.1.1.1.By Value
  - 8.3.1.2.Market Share Forecast
    - 8.3.1.2.1.By Type
    - 8.3.1.2.2.By Application
- 8.3.2.Argentina Petroleum Coke Market Outlook
  - 8.3.2.1.Market Size Forecast
    - 8.3.2.1.1.By Value
  - 8.3.2.2.Market Share Forecast
    - 8.3.2.2.1.By Type
    - 8.3.2.2.2.By Application
- 8.3.3.Colombia Petroleum Coke Market Outlook
  - 8.3.3.1.Market Size Forecast
    - 8.3.3.1.1.By Value
  - 8.3.3.2.Market Share Forecast
    - 8.3.3.2.1.By Type
    - 8.3.3.2.2.By Application

9.Middle East and Africa Petroleum Coke Market Outlook

9.1.Market Size Forecast
- 9.1.1.By Value
9.2.Market Share Forecast
- 9.2.1.By Type
- 9.2.2.By Application
- 9.2.3.By Country
9.3.MEA: Country Analysis
- 9.3.1.South Africa Petroleum Coke Market Outlook
  - 9.3.1.1.Market Size Forecast
    - 9.3.1.1.1.By Value
  - 9.3.1.2.Market Share Forecast
    - 9.3.1.2.1.By Type
    - 9.3.1.2.2.By Application
- 9.3.2.Saudi Arabia Petroleum Coke Market Outlook
  - 9.3.2.1.Market Size Forecast
    - 9.3.2.1.1.By Value
  - 9.3.2.2.Market Share Forecast
    - 9.3.2.2.1.By Type
    - 9.3.2.2.2.By Application
- 9.3.3.UAE Petroleum Coke Market Outlook
  - 9.3.3.1.Market Size Forecast
    - 9.3.3.1.1.By Value
  - 9.3.3.2.Market Share Forecast
    - 9.3.3.2.1.By Type
    - 9.3.3.2.2.By Application

10.Market Dynamics

10.1.Drivers
10.2.Challenges

11.Market Trends Developments

11.1.Recent Developments
11.2.Product Launches
11.3.Mergers Acquisitions

12.Global Petroleum Coke Market: SWOT Analysis

13.Porter's Five Forces Analysis

13.1.Competition in the Industry
13.2.Potential of New Entrants
13.3.Power of Suppliers
13.4.Power of Customers
13.5.Threat of Substitute Product

14.Competitive Landscape

14.1.Aminco Resources LLC
- 14.1.1.Business Overview
- 14.1.2.Company Snapshot
- 14.1.3.Products Services
- 14.1.4.Financials (In case of listed)
- 14.1.5.Recent Developments
- 14.1.6.SWOT Analysis
14.2.BP PLC
14.3.GRAPHITE INDIA LIMITED
14.4.Marathon Petroleum Corporation
14.5.Nippon Coke and Engineering Co., Ltd
14.6.Oxbow Corporation
14.7.PETROLEUM COKE INDUSTRIES COMPANY
14.8.Phillips 66 Company
14.9.Renelux Cyprus Ltd
14.10.Suncor Energy Inc