Press release
What are the segments booming in Fluid Catalyst Cracking Market? Top Players in Fluid Catalyst Cracking Market are Albemarle Corporation , W. R. Grace & Co. , BASF , Wood, Haldor Topsoe A/S, Shell , McDermott International Inc., ExxonMobil, Chevron Lummus
The increasing demand for hydrocarbons is further propelling the need to adopt a maximum production process. Fluid catalyst cracking or FCC process helps to convert heavy fractions of petroleum into light products of hydrocarbon inside a reactor. FCC also helps to maximize the overall efficiency of production in the refinery. The aforementioned factor is likely to help increase the global fluid catalyst cracking market size, predicts Fortune Business Insights(TM) in their recent study. The study is titled, "Fluid Catalyst Cracking" Market Size, Share & Industry Analysis, By Technological Configuration (Side-by-Side Type, Stacked Type), By Type (LVR-60, ORBIT-3600, CHV-1, RAG-7), By End-User (Refinery, Environmental, Others) and Regional Forecast, 2019-2026.Request a Sample Copy of the Global Market Research Report https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/fluid-catalyst-cracking-market-101673
Important Players of the Fluid Catalyst Cracking Market Include:
R. Grace & Co.
Chevron Lummus Global (CLG)
Sud-Chemie
Wood
McDermott International Inc.
Johnson Matthey
Shell
Haldor Topsoe A/S
Honeywell, Axens
BASF
ExxonMobil
Albemarle Corporation
Details of the Study:
A 360-degree overview of the fluid catalyst cracking market
Prime factors boosting, repelling, testing, and providing opportunities to the market
List of Segments, their market value, and estimated CAGRs
Key industry insights and interesting insights into the market
List of fluid catalyst cracking market manufacturers and major strategies adopted by them as per competitive landscape Current fluid catalyst cracking market trends
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Increasing Demand for Oil and Gas to Boost Market
The rise in investments made in refineries for oil and gas is a major factor propelling the fluid catalyst cracking market growth. Moreover, the high demand for hydrocarbons is also expected to help increase the overall fluid catalyst cracking market size. Besides this, the enormous rise in both international and domestic transportation has further propelled the need for the demand for hydrocarbon. Similarly, there was a robust investment by government and private bodies for meeting the rising demand for gas and oil and this, as per analysts at Fortune Business Insights(TM), is further anticipated to help attract high fluid catalyst cracking market revenue in the forecast period.
Key Segmental Overview:
1. By Technological Configuration
Side-by-Side Type
Stacked Type
2. By Type
LVR-60
ORBIT-3600
CHV-1
RAG-7
3. By End-User
Refinery
Environmental
Others
4. By Geography
North America (the USA and Canada)
Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
Latin America (Brazil, Mexico and Rest of Latin America)
Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
July 2019 - A contract for technology training, technical services, and a license were awarded to McDermott International for fluid catalytic cracking (FCC) unit with the help of INDMAX technology
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North America to Dominate Market Owing to Increasing Oil and Gas Export Activities
From a geographical perspective, the global fluid catalyst cracking market is widespread into the Middle East and Africa, Latin America, Europe, Asia Pacific, and North America. Among these, North America is holding a dominant fluid catalyst cracking market share on account of rise in export activities, especially for oil and gas to Canada and other nations. Besides this, the expansion of refineries and surge in investment for automotive industries in Europe is anticipated to help attract high fluid catalyst cracking market revenue for the region in the forecast period.
On the other hand, Asia Pacific is likely to witness significant fluid catalyst cracking market growth owing to the huge investments made for the expansion of refineries in China. This is done to meet the increasing demand for oil and gas in the region. India has one of the largest refineries with the capability to process about 580,000 BPD of crude. Furthermore, private and government entities are emphasizing on the multiplication of refinery infrastructure in the country. This serves as a major booster for the overall market in the long run.
Merger and Acquisition Strategies Adopted by Players Will Help Boost Market
Players operating in the fluid catalyst cracking market are engaging in contracts, company collaborations, mergers and acquisitions, and other strategies to gain a competitive edge in the market. They are also focusing on the expansion of petrochemical industries which will directly promote the market for fluid catalyst cracking. Besides this, players are also trying to improve the performance of FCC catalysts to further augment its growth in the forecast duration.
Key Market Driver - Growing investment in refineries and massive demand of hydrocarbons
Key Market Restraint - Volatile price of oil and gas
Major Industry Developments of Fluid Catalyst Cracking Market:
November 2018 - Valor Fluid Catalytic cracking catalyst technology was launched by BASF for improving the performance of FCC catalysts that deals with heavy residuum oil feedstock performance.
April 2019 - An agreement was signed between TechnipFMC and W.R. Grace & Co. for developing enhanced catalyst and process technology for the former company's Deep Catalytic Cracking.
For more information in the analysis of this report, visit https://www.fortunebusinessinsights.com/industry-reports/fluid-catalyst-cracking-market-101673
Major Table of Content For Fluid Catalyst Cracking Market:
Introduction
Executive Summary
Market Dynamics
Key Insights
Global Fluid Catalyst Cracking Market Analysis, Insights and Forecast, 2026
North America Fluid Catalyst Cracking Market Analysis, Insights and Forecast, 2026
Europe Fluid Catalyst Cracking Market Analysis, Insights and Forecast, 2026
Asia Pacific Fluid Catalyst Cracking Market Analysis, Insights and Forecast, 2026
Middle East and Africa Fluid Catalyst Cracking Market Analysis, Insights and Forecast, 2026
Latin America Fluid Catalyst Cracking Market Analysis, Insights and Forecast, 2026
Competitive Landscape
Company Profile
Conclusion
Contact Us:
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About us:
Fortune Business Insights(TM) offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights(TM) we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights(TM) Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
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