FCC Catalyst Market Company Overview, Regional Economy, Development and Forecast to 2031

Key Highlights 

The global FCC catalyst market was valued at US$ 2,445.3 Mn in 2018 and is anticipated to expand at a CAGR of 3.5% from 2019 to 2027

In terms of process, maximum middle olefins conversion and gasoline sulfur reduction segments constituted major share of the global FCC catalyst market in 2018

Based on application, the vacuum gas oil segment constituted more than 50% share of  the global FCC catalyst market

In terms of region, Asia Pacific constituted more than 30% share of the global FCC catalyst market in 2018

Detailed list of raw material suppliers, product manufacturers, and key customers

Historical Trend (2013 -2017)

𝐆𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.transparencymarketresearch.com/fcc-catalyst-market.html

CAPEX Analysis: FCC Catalyst Plant

Production Cost Analysis, FCC Catalyst Plant (2,000 Tons/year)

Cost Sensitivity Analysis 

Crude Refining Industries Drives FCC Catalyst Market

Expansion of the FCC catalyst market depends on the growth of the crude refining industry

More than 40% of FCC catalyst is employed for making maximum middle distillates

Maximum bottoms conversion is extensively manufactured from FCC catalyst. Growth in synthetic zeolites manufacturing across the globe propels the demand for FCC catalyst.

Key Driver to Boost the Demand for FCC catalyst 

Growing demand for petrochemical products and synthetic zeolites to increase the demand for FCC catalyst

Rising demand for petrochemicals is expected fuel consumption of FCC catalyst in the crude oil refineries

Demand for crude blended products is estimated to increase in the next few years due to the rise in investment in industrialization

Major oil refining companies such as Exxon Mobil and Royal Dutch Shell plan to invest in new petrochemical plants in the near future

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=67520 

Expansion in refinery capacity may act as one of the major opportunities for the refinery catalysts, especially FCC catalyst, across the globe

Synthetic zeolites are widely used as ion-exchange beds in domestic and commercial water purification, softening, and other applications

Zeolites are used to separate molecules (only molecules of certain sizes and shapes can pass through), and as traps for molecules for analyzes

Demand for synthetic zeolites is high in countries and sub-regions such as the U.S., China, Brazil, India, and Russia & CIS. Synthetic zeolites are used in applications such as insulated windows, automobile air-conditioning, refrigerators, air brakes on trucks, and laundry detergents. 

Regulatory Framework and Environmental Regulations

In April 2019, the ninth high-level meeting of the EU Refining Forum took place in Brussels. Stringent norms related to carbon emissions were laid for the EU refining industry, which are expected to drive the demand for refinery catalyst, especially for FCC catalyst.

The Kyoto Protocol is a step toward formulation of regulations for reducing harmful chemical emissions such as sulfur gas emission globally. This is expected to drive the demand for FCC catalyst, especially those used in gasoline sulfur reduction.

The Gulf Environmental Partnership and Action Program (GEPAP), a newly proposed initiative, aims to preserve and protect the Gulf waterway and promote its long-term sustainable development.

Stringent environmental norms are imposed by the European Union on crude refining. A few countries in Europe require sulfur content in fuels less than 50 ppm especially in Russia & CIS. Therefore, demand for gasoline sulfur reduction is anticipated to rise in the Europe in the near future. 

𝐒𝐚𝐯𝐞 𝐮𝐩 𝐭𝐨 𝟐𝟎% 𝐛𝐲 𝐩𝐮𝐫𝐜𝐡𝐚𝐬𝐢𝐧𝐠 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 | 𝐈𝐦𝐦𝐞𝐝𝐢𝐚𝐭𝐞 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞: https://www.transparencymarketresearch.com/checkout.php?rep_id=67520

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