Global FCC Catalyst Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global FCC Catalyst Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

FCC (Fluidized Catalytic Cracking) Catalyst is a substance that can increase the rate of a chemical reaction by reducing the activation energy. FCC is one of the most important conversion processes in petroleum refineries. It is widely used to convert high boiling point and high molecular weight hydrocarbon components in petroleum crude oil into more valuable gasoline, olefin gas, and other products.

Market Overview:

The latest research study on the global FCC Catalyst market finds that the global FCC Catalyst market reached a value of USD 3075.98 million in 2022. It’s expected that the market will achieve USD 4527.63 million by 2028, exhibiting a CAGR of 6.66% during the forecast period.

The development of the downstream industry makes the market demand expand

With the continuous improvement of global refining capacity, increasingly stringent oil standards, and the continuous increase in demand for chemical raw materials, the consumption of refining catalysts has been in a steady growth trend. Petroleum fuel is a liquid fuel that is easy to use and has high energy utilization efficiency. Various high-speed, high-power means of transportation and military mobile equipment, such as aircraft, automobiles, diesel locomotives, tractors, tanks, ships, and ships, are mainly fueled by the petroleum refining industry. The petrochemical raw materials provided by the petroleum refining industry can be used to produce synthetic fibers, synthetic rubber, plastics, fertilizers, and pesticides. The development of the downstream industry has also been promoting the development of the petroleum refining industry, making the demand for FCC Catalyst continue to expand. The increase in the processing of tight oil has driven the demand for FCC catalysts.

Region Overview:

From 2022-2027, China is estimated to witness robust growth prospects

Company Overview:

Grace & Co. -Conn. manufactures chemical products. The Company offers chemicals, silica gel, coatings, inorganic catalysts, adsorbents, amino acids, synthetic silica, and other products.

Segmentation Overview:

Among different product types, Maximum Light Olefins Conversion segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Vacuum Gas Oil segment occupied the biggest share from 2017 to 2022.

Key Companies in the global FCC Catalyst market covered in Chapter 3:

Haldor Topsoe A/S
China Petroleum & Chemical Corporation
Albemarle Corporation (NYSE: ALB)
Shanxi Tengmao Technology Co., Ltd.
JGC Corporation
W. R. Grace & Co.-Conn.
Hcpect
CNPC
KNT Group

Others

BASF SE

In Chapter 4 and Chapter 14.2, on the basis of types, the FCC Catalyst market from 2018 to 2029 is primarily split into:

Gasoline Sulphur Reduction
Maximum Light Olefins Conversion
Maximum Middle Distillation
Maximum Bottoms Conversion

Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the FCC Catalyst market from 2018 to 2029 covers:

Vacuum Gas
Oil Residue

Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)