The global demand for Fluid Cracking Catalyst Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2019 and foreseen to touch XX Kilo Tons by 2026 with a CAGR of XX% during 2020-2026.
Fluid catalytic cracking is a core process of many refineries producing light and middle distillates from heavy hydrocarbon. The entire success of the operation is dependent on the activity of the catalyst. Catalyst used in the cracking process for the rupture of high molecular weight hydrocarbon chains, to create new, smaller molecules to make gasoline and other higher-value products like butane and propane. The catalyst is fluid; it circulates throughout the unit moving between the reactor and regenerator vessels.
Expanding refinery capacities and revised sulfur limit regulations are driving the demand for the fluid cracking catalyst. Fluid catalytic cracking (FCC) is the dominant refinery conversion process and will continue to evolve to meet changing refinery needs. Numerous governments are increasing investments in petroleum refining activities to meet the rising demand for valuable products such as gasoline, olefinic gases, and petroleum products. New refineries, technological up-gradation, and enhancement of existing equipment are expected to add demand for more catalysts. Rising economies such as China and India are expanding their capacities to relieve import burden and meet the demand locally. However, high capital investment costs and diversion toward other sources of energy, such as renewable energy are likely to hamper the market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of fluid cracking catalyst.
The entire fluid cracking catalyst market has been sub-categorized into technology configuration. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Technology Configuration
- Side-By-Side Type
This section covers regional segmentation which accentuates on current and future demand for fluid cracking catalyst market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Fluid Cracking Catalyst Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the fluid cracking catalyst market include Albemarle Corporation, W.R. Grace Company, BASF SE, Flour Corporation, Shell Global Solutions, UOP, Exxonmobil, Chevron Lummus Global, CB&I Company, Axens. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.