Press release
Global FCC Catalyst Market Growth Prospects, Future Industry Landscape 2032 | Axens SA, N.E. Chemcat, Porocel Corporation, Yueyang Sciensun Chemical Co. Ltd., DuPont de Nemours Inc
FCC Catalyst Market
Fluid catalytic cracking (FCC) Market Size, Growth Rate, And Forecast
The global FCC catalyst market size 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 global FCC catalyst market size is expected to reach $3.17 billion in 2027 at a CAGR of 4.2%.
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Fluid catalytic cracking (FCC) Market Drivers
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.
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Fluid catalytic cracking (FCC) Market Segments
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: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Fluid catalytic cracking (FCC) market.
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Fluid catalytic cracking (FCC) Market Key Players
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 Business Research Company's "Global Fluid catalytic cracking (FCC) Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Fluid catalytic cracking (FCC) Market Include:
1. Executive Summary
2. FCC Catalyst Market Characteristics
3. FCC Catalyst Market Trends And Strategies
4. FCC Catalyst Market - Macro Economic Scenario
5. FCC Catalyst Market Size And Growth
……
27. FCC Catalyst Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The FCC Catalyst Market
29. FCC Catalyst Market Future Outlook and Potential Analysis
30. Appendix
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