石油コークス市場、2026年～2032年：タイプ別、用途別、地域別

石油コークスの市場評価-2026年～2032年

石油コークス（ペットコークス）の需要は、主にセメント、発電、アルミニウム生産など、さまざまな産業で幅広く利用されているため、大幅に増加しています。原油精製の製品別である石油コークスは、炭素含有量と発熱量が高く、エネルギー集約型産業向けの燃料として珍重されています。中国やインドなどの新興アジア諸国は、産業成長のために手頃なエネルギー源を求めており、需要を牽引しています。市場規模は2024年に303億5,000万米ドルを突破し、2032年には約546億3,000万米ドルに達します。

新興経済諸国を中心とした世界のインフラ開発の推進は、セメントとアルミニウムの需要に拍車をかけており、これらはいずれも一次エネルギー源としてペットコークスに大きく依存しています。費用対効果が高く効率的な石油コークスに対する需要の高まりが、2026年から2032年までのCAGR 8.41%での市場の成長を可能にしています。

石油コークス市場定義/概要

石油コークス（一般にペットコークスとして知られる）は、石油精製所のコーカー装置やその他の分解プロセスから得られる炭素リッチな固体物質です。石油精製の最終的な炭素製品別であり、一般的に色が濃く、組成が緻密で発熱量が高いです。ペットコークスには主に、燃料用と焼成（またはニードル）コークスの2種類があります。主にエネルギー生産に使用される燃料グレードのペットコークスは精製度が低く、硫黄分が高いです。一方、焼成ペットコークスは純度が高く、鉄鋼やアルミニウム産業の電極製造など、より特殊な用途に使用されます。

ペットコークスは、エネルギー生成、セメント生産、アルミニウム製錬、製鉄など、さまざまな分野で幅広く使用されています。炭素含有量が高く発熱量が高いため、高熱発生を必要とする産業にとって費用対効果の高いエネルギー源となっています。

世界の工業化の進展に伴い、特にインフラ整備の必要性が高まっている新興国において、石油コークスの将来の展望が有望視されています。高い硫黄分と炭素排出による環境課題にもかかわらず、現在進行中の研究と技術開発は、よりクリーンな燃焼方法の開発と排出規制の改善を目指しています。このような技術革新は、石油コークスの手頃な価格と汎用性と相まって、特に経済成長とエネルギー効率のバランスを取ろうと努力している地域において、継続的な需要が見込まれます。

アルミニウム産業からの需要拡大は石油コークス市場を牽引するか？

アルミニウム産業からの需要の増加は、主に炭素陽極の生産に不可欠な役割を果たすため、石油コークス市場を大きく牽引します。世界のアルミニウム生産量が2020年の6,530万トンから2022年には6,900万トンに増加するにつれて、アルミニウム1トンにつき約0.4～0.5トンの石油コークスを必要とするようになり、業界の石油コークスの必要性は高まっています。この強い相関関係は、アルミニウム部門の拡大が石油コークスの需要を直接的に押し上げることを浮き彫りにしています。

鉄鋼生産の増加は、特に新興国において石油コークス市場の成長に拍車をかけています。鉄鋼業界では、石炭（75～85％）に比べて炭素含有量が高い（90～95％）ため、炭素増加剤および燃料代替としての石油コークス（ペットコークス）の使用が増加しており、これがこの動向を後押ししています。世界鉄鋼協会によると、2021年の世界の粗鋼生産量は19億5,190万トンに達し、中国がその半分以上を占めています。この鉄鋼生産の急増により、2018年以降のペットコークス需要は年間8％増加しています。

環境問題は石油コークス市場の成長を妨げるか？

環境への懸念は石油コークス（ペットコークス）市場の成長を妨げる可能性が高いです。高炭素化石燃料である石油コークスの燃焼は、温室効果ガスや汚染物質を大量に放出し、大気質問題の一因となっています。多くの政府は、気候変動と闘い、排出量を削減するために、より厳しい環境規制を実施し、よりクリーンな代替エネルギーを推進しています。こうした措置は、特に鉄鋼生産のような、環境に優しい慣行を採用するよう企業が圧力を強めている産業において、ペット・コークスの需要を抑制しています。

市場の変動は石油コークス市場の成長を妨げる可能性があります。原油価格の変動、環境規制、最終用途産業からの需要の移り変わりは、不透明な市場環境を生み出し、生産コストと供給の安定性に影響を与えます。価格が不安定なため、鉄鋼やセメントなどの産業が石油コークスに一貫して依存することは困難であり、代替の費用対効果の高い燃料源を探す必要が出てくる可能性があります。炭素排出に関する環境規制が強化されれば、石油コークスの使用が制限され、市場の成長がさらに鈍化する可能性があります。

目次

第1章 イントロダクション

• 市場の定義
• 市場セグメンテーション
• 調査手法

第2章 エグゼクティブサマリー

• 主な調査結果
• 市場概要
• 市場ハイライト

第3章 市場概要

• 市場規模と成長の可能性
• 市場動向
• 市場促進要因
• 市場抑制要因
• 市場機会
• ポーターのファイブフォース分析

第4章 石油コークス市場：タイプ別

• 焼成コークス
• 燃料グレードコークス

第5章 石油コークス市場：用途別

• セメント生産
• アルミニウム製造
• 高炉

第8章 地域別分析

• 北米
• 米国
• カナダ
• メキシコ
• 欧州
• 英国
• ドイツ
• フランス
• イタリア
• アジア太平洋
• 中国
• 日本
• インド
• オーストラリア
• ラテンアメリカ
• ブラジル
• アルゼンチン
• チリ
• 中東・アフリカ
• 南アフリカ
• サウジアラビア
• アラブ首長国連邦

第9章 市場力学

• 市場促進要因
• 市場抑制要因
• 市場機会
• COVID-19の市場への影響

第10章 競合情勢

• 主要企業
• 市場シェア分析

第11章 企業プロファイル

• Exxon Mobil Corporation（USA）
• Valero Energy Corporation（USA）
• Marathon Petroleum Corporation（USA）
• China National Petroleum Corporation（China）
• Sinopec Corp.（China）
• Saudi Aramco（Saudi Arabia）
• Indian Oil Corporation Limited（India）
• BP plc（UK）
• Royal Dutch Shell plc（Netherlands）
• TotalEnergies SE（France）

第12章 市場展望市場の展望と機会

• 新興技術
• 今後の市場動向
• 投資機会

第13章 付録

• 略語リスト
• 出典と参考文献

Petroleum Coke Market Valuation - 2026-2032

The demand for petroleum coke (petcoke) is increasing significantly due to its broad applications across various industries, primarily in cement, power generation, and aluminum production. Petcoke, a byproduct of crude oil refining, is prized for its high carbon content and heating value, which makes it a preferred fuel for energy-intensive industries. Developing Asian countries like China and India have driven demand as they seek affordable energy sources for industrial growth. The market size surpass USD 30.35 Billion valued in 2024 to reach a valuation of around USD 54.63 Billion by 2032.

The global push for infrastructure development, particularly in emerging economies, has fueled the demand for cement and aluminum, both of which rely heavily on Petcoke as a primary energy source. The rising demand for cost-effective and efficient petroleum coke is enabling the market grow at a CAGR of 8.41% from 2026 to 2032.

Petroleum Coke Market: Definition/ Overview

Petroleum coke, commonly known as petcoke, is a carbon-rich solid material derived from oil refinery coker units or other cracking processes. It is the final carbon byproduct of petroleum refining, typically dark in color and dense in composition, with a high calorific value. Petcoke comes in two main forms: fuel-grade and calcined (or needle) coke. Fuel-grade petcoke, used mainly for energy production, is less refined and has a higher sulfur content, while calcined petcoke is purer and used in more specialized applications, such as in the manufacturing of electrodes for the steel and aluminum industries.

Petcoke finds extensive applications across various sectors, from energy generation and cement production to aluminum smelting and steel manufacturing. Its high carbon content and calorific value make it a cost-effective energy source for industries requiring substantial heat generation.

As global industrialization continues, the future scope of petcoke appears promising, especially in emerging economies with growing infrastructure needs. Despite environmental challenges due to high sulfur content and carbon emissions, ongoing research and technological advancements aim to develop cleaner-burning methods and improve emission controls. This innovation, combined with petcoke's affordability and versatility, positions it for continued demand, particularly in regions striving to balance economic growth with energy efficiency.

Will the Growing Demand from the Aluminum Industry Drive the Petroleum Coke Market?

The growing demand from the aluminum industry significantly drive the Petroleum Coke Market, mainly due to its essential role in producing carbon anodes. As global aluminum production rose from 65.3 million tonnes in 2020 to 69.0 million tonnes in 2022, the industry's need for petroleum coke has increased, with each tonne of aluminum requiring around 0.4-0.5 tonnes of this material. This strong correlation highlights how the expanding aluminum sector directly boosts demand for petroleum coke.

Rising steel production is fueling the Petroleum Coke Market growth, especially in emerging economies. The steel industry's increasing use of petroleum coke (pet coke) as a carbon raiser and fuel substitute-owing to its higher carbon content (90-95%) compared to coal (75-85%) is driving this trend. According to the World Steel Association, global crude steel production reached 1,951.9 million tonnes in 2021, with China contributing over half of the total output. This surge in steel production has led to an annual 8% increase in pet coke demand since 2018.

Will the Environmental Concerns Hamper the Growth of the Petroleum Coke Market?

Environmental concerns are likely to hamper the growth of the petroleum coke (pet coke) market. As a high-carbon fossil fuel, pet coke combustion releases significant greenhouse gases and pollutants, contributing to air quality issues. Many governments are implementing stricter environmental regulations and promoting cleaner energy alternatives to combat climate change and reduce emissions. These measures are curbing the demand for pet coke, especially in industries like steel production, where companies are increasingly pressured to adopt eco-friendly practices.

Market volatility can hamper the growth of the Petroleum Coke Market. Fluctuations in crude oil prices, environmental regulations, and shifting demand from end-use industries create an uncertain market environment, impacting production costs and supply stability. Volatile prices make it challenging for industries, such as steel and cement, to rely on petroleum coke consistently, as they may need to seek alternative, cost-effective fuel sources. Stricter environmental regulations concerning carbon emissions may restrict petroleum coke usage, further dampening market growth.

Category-Wise Acumens

Will the High Calorific Value Propel the Fuel Grade Coke Segment for the Petroleum Coke Market?

The fuel grade coke segment is dominating the Petroleum Coke Market. The high calorific value is expected to propel the fuel-grade coke segment in the Petroleum Coke Market, as it offers a cost-effective and energy-dense alternative to coal and other fossil fuels. Fuel-grade petroleum coke, primarily used in power plants and cement kilns, provides a higher heat output, making it attractive for industries seeking efficient, high-energy fuels. This demand is particularly strong in regions with growing industrialization and energy needs, driving the market for fuel-grade coke as a preferred fuel source.

The growing cement industry is likely to propel the fuel-grade coke segment in the Petroleum Coke Market, as fuel-grade coke is a preferred fuel in cement kilns due to its high calorific value and cost-effectiveness. Cement production requires high temperatures, and fuel-grade petroleum coke provides the necessary heat efficiently and economically, especially in regions with expanding infrastructure projects. As demand for cement rises globally, particularly in emerging economies, the need for fuel-grade coke as a primary fuel source is expected to increase, driving growth in this segment.

Will the Growing Global Construction Industry Accelerate the Cement Production Segment for the Petroleum Coke Market?

The cement production segment is ruling the Petroleum Coke Market. The growing global construction industry is anticipated to promote the cement production segment within the Petroleum Coke Market. With expanding infrastructure projects and urbanization, especially in emerging economies, the demand for cement is surging. Petroleum coke, particularly fuel-grade coke, is a preferred fuel in cement production due to its high heat output and cost efficiency. As construction activities rise worldwide, the cement industry's reliance on petroleum coke to meet energy needs at a lower cost is expected to drive the market for this segment.

The versatility of petroleum coke is anticipated to boost its use in the cement production segment. Petroleum coke's high carbon content and calorific value make it an efficient fuel source for cement kilns, where it is increasingly used as a cost-effective alternative to traditional fuels. This efficiency in energy output, combined with lower costs, drives demand in cement production, especially as industries seek economical solutions amidst fluctuating energy prices, supporting the Petroleum Coke Market's growth within this segment.

Country/Region-wise Acumens

Will Industrial Growth & Infrastructure Development Lead the Asia Pacific Region for the Petroleum Coke Market?

Asia Pacific's dominance in the Petroleum Coke Market is driven by several factors. Industrial growth and infrastructure development are likely to accelerate the Asia Pacific region's petroleum coke (petcoke) market. The Asian Development Bank reports a projected infrastructure demand of $26 trillion from 2016 to 2030, creating substantial demand for energy and materials like petcoke. China, accounting for nearly 45% of global petcoke use in the aluminum sector as of 2023, and India, the world's second-largest cement producer with a capacity of 500 million tonnes, are key consumers driving regional demand. This infrastructural expansion fosters a thriving petcoke market to support the aluminum and cement industries.

Energy demand in the Asia Pacific region is expected to accelerate the Petroleum Coke Market, driven by high consumption rates, industrial growth, and rising demand for aluminum. According to the International Energy Agency (IEA), Asia Pacific accounts for nearly 60% of global energy consumption, with countries like China and India leading in industries requiring petcoke. China's substantial aluminum production, reaching 40.21 million tonnes in 2023, relies heavily on petroleum coke as a carbon anode, while India's petroleum coke imports increased by 23% in 2022-23, further highlighting the region's growing demand for this energy source.

Will the Shale Oil Production Expansion Expand the North America Region for the Petroleum Coke Market?

North America is rapidly growing in the Petroleum Coke Market. The expansion of shale oil production is expected to escalate the Petroleum Coke Market in North America, especially in the United States, which leads to global production. As the world's largest producer, U.S. petroleum coke output reached 53.3 million short tons in 2022, with about 75% exported, highlighting its significant global impact. With a projected CAGR of 6.8% through 2028, this growth is fueled by increased refining capacity and rising demand from key industries, underscoring shale oil's role in supporting the Petroleum Coke Market's expansion in North America.

The aluminum industry's resurgence is likely to escalate North America's Petroleum Coke Market, driven by increased demand for calcined petroleum coke in anode production. The Aluminum Association projects a 13% increase in U.S. aluminum production from 2023 to 2025, supported by over $6 billion invested in domestic production since 2013. Additionally, Canada's aluminum output is expected to grow from 3.1 million tonnes in 2022 to 3.5 million tonnes by 2025, according to Natural Resources Canada, further fueling demand for petroleum coke in the region.

Competitive Landscape

The Petroleum Coke Market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support.

The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the Petroleum Coke Market include ExxonMobil, Chevron Corporation, Royal Dutch Shell, Reliance Industries Limited, Saudi Aramco, Valero Energy Corporation, Essar Oil, Marathon Petroleum Corporation, Indian Oil Corporation.

Latest Developments

• In July 2023, Venezuela's state oil firm PDVSA signed two new contracts with Latif Petrol, a Turkish company, and Reussi Trading, a St. Vincent and the Grenadines-based firm, to export up to 1.6 million metric tons of petroleum coke.
• In August 2022, BP Oil and Gas Company and Eni Itlain Energy Company announced the establishment of Azule Energy, a 50/50 joint venture that combines their Angolan businesses.

Petroleum Coke Market, By Category

• Type:
• Calcined Coke
• Fuel Grade Coke
• Application:
• Cement Production
• Aluminum Production
• Blast Furnaces
• Geography:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

TABLE OF CONTENTS

1. Introduction

• Market Definition
• Market Segmentation
• Research Methodology

2. Executive Summary

• Key Findings
• Market Overview
• Market Highlights

3. Market Overview

• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter's Five Forces Analysis

4. Petroleum Coke Market, By Type

• Calcined Coke
• Fuel Grade Coke

5. Petroleum Coke Market, By Application

• Cement Production
• Aluminum Production
• Blast Furnaces

8. Regional Analysis

• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE

9. Market Dynamics

• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market

10. Competitive Landscape

• Key Players
• Market Share Analysis

11. Company Profiles

• Exxon Mobil Corporation (USA)
• Valero Energy Corporation (USA)
• Marathon Petroleum Corporation (USA)
• China National Petroleum Corporation (China)
• Sinopec Corp. (China)
• Saudi Aramco (Saudi Arabia)
• Indian Oil Corporation Limited (India)
• BP plc (UK)
• Royal Dutch Shell plc (Netherlands)
• TotalEnergies SE (France)

12. Market Outlook and Opportunities

• Emerging Technologies
• Future Market Trends
• Investment Opportunities

13. Appendix

• List of Abbreviations
• Sources and References