Major players in the fcc catalyst market are 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.
The global FCC catalyst market is expected to grow from $2.56 billion in 2022 to $2.69 billion in 2023 at a compound annual growth rate (CAGR) of 4.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The plastic recycling market is expected to reach $3.17 billion in 2027 at a CAGR of 4.2%.
The fluid catalytic cracking (FCC) catalyst market consists of sales of crystalline zeolite, matrix, filler, and binder.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
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.
Asia-Pacific was the largest region in the FCC catalyst market in 2022. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main products of the FCC catalyst are gasoline sulfur reduction, maximum bottoms conversion, maximum light olefins, maximum middle distillates, and others.Gasoline sulfur reduction includes sulfur, a naturally occurring substance found in crude oil, unless it has been removed.
These are used for various applications such as residue, vacuum gas oil, others by refinery, environmental, and other end-users.
The growing demand for petroleum-based products is contributing to the growth of FCC catalysts going forward.Petroleum products refer to the complex mixture derived from crude oil, which has similar physical and chemical properties.
Fluid catalytic cracking (FCC) catalyst increases the rate of the chemical reaction, which lowers the activation energy in the petroleum refining process.In these processes, FCC catalyst solutions are used to transform high-boiling, high-molecular-weight hydrocarbon fractions of petroleum crude oils into valuable petroleum products, including olefinic gases, gasoline, and other items.
For instance, in November 2021, according to the US Energy Information Administration, a US-based Department of Energy statistical agency, the United States produced over 11.8 million barrels per day of crude oil. Therefore, the growing demand for petroleum-based products is driving the growth of the FCC catalyst market.
Technology advancements are a key trend gaining traction in the FCC catalyst market.Major market players in the fluid catalytic cracking sector are focused on technological advancement to sustain their market positions and on launching new technologies to improve their product offerings.
For instance, in March 2022, BASF, a German-based company that offers fluid catalytic cracking (FCC) catalysts and systems for refinery catalysts, launched FourtitudeTM, a new fluid catalytic cracking (FCC) catalyst designed to maximize butylenes from resid feedstocks. Fourtitude, the latest product based on BASF’s award-winning multiple framework topologies (MFT) technology, is optimized to deliver superior selectivity to butylenes while maintaining catalyst activity.
In September 2021, Standard Industries Holdings, a US-based company that manufactures performance materials, acquired W.R.
Grace & Co. for $7 billion. The definitive agreement provides that Standard Industries Holdings pay $70 in cash per share for all of the outstanding shares of Grace common stock. Grace became a privately held business that always operated independently inside Standard Industries. W. R. Grace & Co. is a US-based chemical company operating in the FCC catalysts market.
The countries covered in the FCC Catalyst market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The FCC catalyst market research report is one of a series of new reports that provides FCC catalyst market statistics, including the FCC catalyst industry global market size, regional shares, competitors with a FCC catalyst market share, detailed FCC catalyst market segments, market trends, and opportunities, and any further data you may need to thrive in the FCC catalyst industry. This FCC catalyst market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.