FCC Catalyst Market Size, Growth, In-depth Analysis, Research Report Forecast up to 2028: Key Players are Albemarle Corporation and BASF SE.

The growing demand for transportation fuels and ongoing research and developmental activities are the prime factors propelling the FCC catalyst market growth.

As per the report, the FCC catalyst market is expected to grow at a steady pace.

The global economy depends on transportation fuels like gasoline and diesel to power cars and facilitates the movement of people and goods. Crude oil is refined using FCC catalysts, which break the large hydrocarbon molecules into smaller, more valuable molecules, such as gasoline and diesel. Refineries can produce more transportation fuels at a lesser cost by reducing operational expenses using FCC catalysts. There are many different grades of crude oil; some are harder to refine than others, and the refinement process depends heavily on FCC catalysts. In 2021, Albemarle Corporation added a new technology to its ACTION FCC Catalyst line called ACTION+ Catalyst, which aims to increase gasoline & diesel yields and improve feedstock flexibility. Major market players are increasing their investments in research and development to create more efficient, environmentally friendly, and better catalysts that can handle the problems facing the modern refining industry. In 2020, The Borotec FCC catalyst, developed by BASF, was released to create new, cutting-edge solutions to meet the challenges in the modern refining sector. Governments worldwide are enacting stricter regulations on emissions from industrial sources and motor vehicles, creating a demand for cleaner fuels with reduced sulfur content, and FCC catalysts play a crucial role in producing these cleaner fuels. This demonstrates that FCC catalysts have a great need in the future.

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The FCC catalyst market has been segmented into application, process, and geography.

Based on the application, the market has been segmented into vacuum gas oil, residue, and others.

Based on the process, the market has been segmented into gasoline sulfur reduction, maximum light olefins, maximum middle distillates, maximum bottoms conversion, and others.

By region, Asia Pacific is expected to retain a considerable market share due to rapid industrialization and urbanization in countries such as China and India, which led to the demand for transportation fuels and petrochemicals. Furthermore, some of the biggest refineries in the world are also located in the region and are currently investing in upgrading and expanding their FCC units. In addition, The North American region is also expected to grow due to the need to reduce emissions and meet the laws governing the environment.

The Covid-19 pandemic led to a significant decrease in demand for gasoline and other refined products due to the widespread restrictions on travel and industrial activities. The decline in demand for fuel products led to a reduction in refinery operations and, consequently, reduced demand for FCC catalysts. In addition, travel restrictions, border closures, and other logistical challenges hindered the movement of raw materials and finished products, which affected the production and distribution of FCC catalysts.

The major players covered in the FCC catalyst market study are Haldor Topsoe A/S, Albemarle Corporation, BASF SE, W. R. Grace & Co.-Conn., ReZel Catalysts, Clariant International Ltd., JGC Catalysts & Chemicals Co., Ltd., Sinocata, Anten Chemical, and Johnson Matthey.

This FCC catalyst market has been analyzed into the following segments:

• By Application

o Vacuum Gas Oil
o Residue
o Others

• By Process

o Gasoline Sulfur Reduction
o Maximum Light Olefins
o Maximum Middle Distillates
o Maximum Bottoms Conversion
o Others (low coke production)

• By Geography

o North America

• United States
• Canada
• Mexico

o South America

• Brazil
• Argentina
• Others

o Europe

• United Kingdom
• Germany
• France
• Spain
• Others

o Middle East and Africa

• UAE
• Israel
• Saudi Arabia
• Others

o Asia Pacific

• Japan
• China
• India
• South Korea
• Thailand
• Taiwan
• Indonesia
• Others

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