Press release
FCC Catalyst Market: Strong Growth Expected with CAGR of 5.4% till 2029, Detailed Insights on Drivers and Trends
FCC Catalyst Market Share
What Is The Projected Market Size Of The Global FCC Catalyst Market And Its Growth Rate?
• The FCC catalyst market size has seen strong growth in the recent years.
• The market is expected to grow from $2.89 billion in 2024 to $3.06 billion in 2025 at a CAGR of 5.8%.
• The market is further projected to expand to $3.77 billion in 2029 at a CAGR of 5.4%.
What Is Driving The Growth In The FCC Catalyst Market?
The market growth is being driven by the growing demand for petroleum-based products. Fluid catalytic cracking (FCC) catalysts increase the rate of the chemical reaction, reducing the activation energy in the petroleum refining process, and transforming high-boiling, high-molecular-weight hydrocarbon fractions of petroleum crude oil into valuable petroleum products. With the total petroleum consumption in the U.S. averaging approximately 20.28 million barrels per day (b/d) in 2022, an increase of about 2% from 2021 and approximately 12% from 2020, the demand for petroleum-based products, and thus FCC catalysts, is set to surge in the years to come.
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Who Are The Key Players Driving FCC Catalyst Market Growth?
• 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.
• BASF SE
• Sinopec Corporation
• China National Petroleum Corporation
• Clariant AG
• Haldor Topsoe
• JGC C&C
• Zeolyst International
• Versalis
• Nanjing Lantian Chemical
• Jilin Petrochemical Company
• Qingdao Huadong Catalytic Agent Co. Ltd.
• Fushun Shuntian Petrochemical
• Rive Technology
• Wuxi Xuelang Chemical Technology
• Ecopetrol S.A.
• Nippon Ketjen Co. Ltd.
• Sumitomo Chemical Co. Ltd.
• Universal Oil Products
• PetroChina Catalyst Company
• Grace Catalysts Technologies
What Are The Key Trends In The FCC Catalyst Market?
• Integration of artificial intelligence
• Enhanced catalyst regeneration technologies
• Collaboration for research and development
• Digitalization and process optimization
• Adoption of bottom-of-the-barrel technologies
What Are The Segments Of The Global FCC Catalyst Market?
• By Product: Gasoline Sulfur Reduction, Maximum Bottoms Conversion, Maximum Light Olefins, Maximum Middle Distillates, Other Products
• By Application: Residue, Vacuum Gas Oil, Other Applications
• By End-User: Refinery, Environmental, Other End-Users
Which Region Leads The FCC Catalyst Market?
Asia-Pacific dominated the FCC Catalyst Market in 2024, accounting for the largest market share. The growth in the region can be attributed to the increase in refining capacities, focus on yield improvement, and increasing demand for petrochemicals.
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What Is Covered In The FCC Catalyst Market Global Market Report?
- Market Size Analysis: Analyze the FCC Catalyst Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the FCC Catalyst Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall FCC Catalyst Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the FCC Catalyst Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲: FCC Catalyst Market was valued at USD 2.5 Billion in 2019 and is projected to reach USD 3.3 Billion by 2027, growing at a CAGR of 3.5% from 2020 to 2027.
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