Global FCC Catalyst Market Segments 2024, Forecast To 2033
5 Mar, 2024
The fcc catalyst market has witnessed strong growth, increasing from $2.75 billion in 2023 to $2.91 billion in 2024 at a CAGR of 5.8%. This growth is attributed to refining capacity expansion and focus on yield improvement. Predicted to reach $3.61 billion in 2028, factors include complexity in feedstocks, sustainable catalysts, and market penetration in developing regions.
Global FCC Catalyst Market Key Driver
FCC catalyst market growth aligns with the increasing demand for petroleum-based products. The U.S. Energy Information Administration's data reveals over 11.8 million barrels per day of crude oil production in the United States. FCC catalysts play a crucial role in refining processes, converting high-boiling hydrocarbons into valuable products like olefinic gases and gasoline, thus driving market growth.
Get A Free Sample Of The Global FCC Catalyst Market ReportGlobal FCC Catalyst Market Segments
The fcc catalyst market covered in this report is segmented –
1) By Product: Gasoline Sulfur Reduction, Maximum Bottoms Conversion, Maximum Light Olefins, Maximum Middle Distillates, Other Products
2) By Application: Residue, Vacuum Gas Oil, Other Applications
3) By End-User: Refinery, Environmental, Other End-Users
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the FCC catalyst market in 2023. The regions covered in the fcc catalyst market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major FCC Catalyst Industry Players
Axens SA; N.E. Chemcat; Porocel Corporation; Yueyang Sciensun Chemical Co. Ltd.; DuPont de Nemours Inc.; Magma Ceramics & Catalysts; Albemarle Corporation; W.R. Grace Company; Johnson Matthey; Flour Corporation; Shell plc; Honeywell International Inc.; Exxon Mobil Corporation; McDermott International Ltd; Arkema S.A.; BASF SE; Sinopec Corporation; China National Petroleum Corporation; Clariant AG; Haldor Topsoe; JGC C&C; Zeolyst International; Versalis; Nanjing Lantian Chemical; Jilin Petrochemical Company; Qingdao Huadong Catalytic Agent Co. Ltd.; Fushun Shuntian Petrochemical; Rive Technology; Wuxi Xuelang Chemical Technology; Ecopetrol S.A.; Nippon Ketjen Co. Ltd.; Sumitomo Chemical Co. Ltd.; Universal Oil Products; Johnson Matthey Davy Technologies; PetroChina Catalyst Company; Shell Catalysts & Technologies; Grace Catalysts Technologies
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AIOps FCC Catalyst Market Overview
Fluid catalytic cracking (FCC) is a type of processing unit used in oil refineries to produce additional gasoline while the refining process is being carried out. It is a chemical process that splits long-chain hydrocarbons into shorter-chain hydrocarbons by using a catalyst and heat. Fluid catalytic cracking (FCC) catalyst increases the rate of chemical reaction, which lowers the activation energy in the petroleum refining process.
FCC Catalyst Global Market Report 2023 provides data on the global fcc catalyst market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The fcc catalyst market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.