Asia and Middle East FCC Catalyst Market Demand and Consumption By 2027

𝐀𝐬𝐢𝐚 𝐚𝐧𝐝 𝐌𝐢𝐝𝐝𝐥𝐞 𝐄𝐚𝐬𝐭 𝐅𝐂𝐂 𝐂𝐚𝐭𝐚𝐥𝐲𝐬𝐭 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧

The FCC catalyst market in Asia and Middle East was valued at US$ 1 Bn in 2018 and is anticipated to expand at a CAGR of ~4% during the forecast period. In terms of product type, the maximum middle distillates segment accounted for a major share of the FCC catalyst market in Asia and the Middle East in 2018. Growth of the segment can be ascribed to the increase in chemical refineries in Asia and the Middle East. In terms of application, the vacuum gas oil segment dominated the FCC catalyst market in Asia and the Middle East in 2018. The implementation of environmental norms for sulfur emission is anticipated to propel the vacuum gas oil segment during the forecast period. In terms of region, Asia dominated FCC catalyst market in 2018. Implementation of stringent government regulations to minimize sulfur emission is anticipated to propel the FCC catalyst market in the region.

𝐑𝐞𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 - https://www.transparencymarketresearch.com/asia-middle-east-fcc-catalyst-market.html

𝐌𝐚𝐣𝐨𝐫 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐨𝐟 𝐀𝐬𝐢𝐚 𝐚𝐧𝐝 𝐌𝐢𝐝𝐝𝐥𝐞 𝐄𝐚𝐬𝐭 𝐅𝐂𝐂 𝐂𝐚𝐭𝐚𝐥𝐲𝐬𝐭 𝐌𝐚𝐫𝐤𝐞𝐭

The consumption of petroleum products has been rising significantly in Asia and the Middle East since the last few years due to rapid urbanization, increase in investments in industrial infrastructure, and economic growth. The increase in demand for refined products and enactment of strict government regulations to limit sulfur emissions from petroleum products are compelling companies to upgrade the existing refining facilities. This, in turn, is anticipated to propel the FCC catalyst market during the forecast period. The rise in demand for synthetic zeolites in countries such as China and India in various applications such as insulated windows, automobile air-conditioning, refrigerators, air brakes on trucks, and laundry detergents is also estimated to propel the FCC catalyst market in Asia during the forecast period.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77927

𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐀𝐬𝐢𝐚 𝐚𝐧𝐝 𝐌𝐢𝐝𝐝𝐥𝐞 𝐄𝐚𝐬𝐭 𝐅𝐂𝐂 𝐂𝐚𝐭𝐚𝐥𝐲𝐬𝐭 𝐌𝐚𝐫𝐤𝐞𝐭

In June 2019, W. R. Grace & Co. acquired the business and assets of Rive Technology, Inc., including its Molecular Highway zeolite technology. The Molecular Highway zeolite technology is used for catalytic processes, such as fluid catalytic cracking (FCC) units, in oil refineries. In January 2018, Clariant International Ltd. announced that it had entered into an agreement with SINOPEC. The acquisition strategy will allow the company to strengthen its presence.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=77927

𝐀𝐬𝐢𝐚 𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐞𝐝 𝐅𝐂𝐂 𝐂𝐚𝐭𝐚𝐥𝐲𝐬𝐭 𝐌𝐚𝐫𝐤𝐞𝐭

Asia dominated the FCC catalyst market in 2018. The availability of inexpensive raw materials and low labor cost have led to a shift in the manufacturing base from Western countries to Asia. This, in turn, is expected to boost the FCC market in Asia during the forecast period. China constituted a major share of the FCC catalyst market in Asia in 2018. Rise in demand for petroleum product in China, owing to rapid industrialization, strong economic growth, and increase in efforts to reduce the import dependence of petroleum products are likely to propel the FCC catalyst market in the country in the near future. The FCC catalyst market in the Middle East is anticipated to expand during the forecast period. Increase in investments to expand and upgrade refining facilities, primarily in Saudi Arabia and the UAE, in order to meet the rising demand for petroleum is anticipated to drive the FCC catalyst market in the Middle East. Saudi Arabia held a major share of the FCC catalyst market in the region in 2018. It was followed by Iran and the UAE.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=77927

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 𝐨𝐟 𝐀𝐬𝐢𝐚 𝐚𝐧𝐝 𝐌𝐢𝐝𝐝𝐥𝐞 𝐄𝐚𝐬𝐭 𝐅𝐂𝐂 𝐂𝐚𝐭𝐚𝐥𝐲𝐬𝐭 𝐌𝐚𝐫𝐤𝐞𝐭

The FCC catalyst market in Asia and the Middle East is dominated by several local and regional players. Prominent players operating in the FCC catalyst market in Asia and the Middle East include W. R. Grace & Co.-Conn, Albemarle Corporation, BASF SE, Haldor Topsoe A/S, JGC Catalysts & Chemicals Co., Ltd., China Petroleum & Chemical Corporation, Clariant International Ltd., ReZel Catalysts, Anten Chemical Co., Ltd., SINOCATA, and Yueyang Sciensun Chemical Co., Ltd.

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

𝐌𝐞𝐭𝐚𝐥 𝐅𝐚𝐛𝐫𝐢𝐜𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 : https://www.globenewswire.com/news-release/2022/10/06/2529756/0/en/Metal-Fabrication-Market-to-Reach-US-27-74-Bn-by-2031-TMR-Study.html

𝐄𝐥𝐞𝐜𝐭𝐫𝐨𝐩𝐥𝐚𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 : https://www.accesswire.com/719285/Electroplating-Market-to-Surpass-Value-of-US-213-Bn-by-2030-TMR-Study

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭

Nikhil Sawlani
Transparency Market Research Inc.
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