The FCC Catalyst Global Market Report 2023, provides comprehensive information on the fcc catalyst market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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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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The evolution of technology stands as a pivotal driving force within the FCC catalyst market. Significant players within the fluid catalytic cracking domain direct their focus towards technological progression, aiming to fortify their market standing and introduce novel technologies to enrich their product portfolio. A compelling instance emerged in March 2022, involving BASF, a prominent German firm renowned for its provision of fluid catalytic cracking (FCC) catalysts and refinery catalyst systems. Their unveiling of FourtitudeTM marked a milestone, introducing an innovative FCC catalyst meticulously engineered to optimize the extraction of butylenes from residual feedstocks. Anchored in BASF’s esteemed multiple framework topologies (MFT) technology, Fourtitude excels in yielding unparalleled selectivity for butylenes while upholding catalyst activity levels. This development underscores the industry’s commitment to enhanced efficiency and product innovation.
The fcc catalyst market is segmented:
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
Asia-Pacific was the largest region in the fcc catalyst market in 2022.
The table of contents in TBRC’s fcc catalyst market report includes:
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
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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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