Los Angeles, January 15, 2020 -QY Research has added a new report to its archive of chemical and material market research and analysis studies. Carrying the title “Global FCC Catalyst Market Insights, Forecast to 2026,” the new report offers thorough analysis of critical aspects of the global market. According to the report, the global FCC catalyst market is expected to grow at a CAGR of 2.8% between 2019 and 2026 and reach a value of more than US$3.0 Bn by the end of 2026. In 2018, the global market value touched above U$2.0 Bn.
Get PDF sample copy of the report at: https://www.qyresearch.com/sample-form/form/1419851/global-fcc-catalyst-market
Fuel Needs Create Strong Demand for High-quality Gasoline: FCC is widely used to convert heavy stocks recovered from refinery operations, atmospheric residues, and gas oils into olefin-rich light gases, light fuel oils, and gasoline. Some of the important factors expected to benefit the global FCC catalyst market in terms of growth are:
● Need to improve gasoline production in petroleum refineries
● Rising fuel standards and implementation of stricter vehicle emission regulations
● Increasing energy and fuel needs continuously creating demand for petroleum and gasoline
● Higher preference for FCC compared to thermal cracking
● Strong focus on increasing the production of gasoline with higher octane rating
FCC of Vacuum Gas Oil to Produce High-octane Gasoline: The report covers important type segments of the global FCC catalyst market such as gasoline sulfur reduction, maximum bottoms conversion, maximum middle distillates, maximum light olefins, and others. Based on application, the global FCC catalyst market is segmented into residue, vacuum gas oil, and others. FCC is used individually or in combination with other processes to upgrade vacuum gas oil in a cost-effective manner. Net fuel oil conversion could be further improved by effectively upgrading feedstock blends of vacuum gas oil. FCC helps to convert vacuum gas oil into high-octane gasoline.
Robust Oil Refining Capacity and High Number of COTC Projects in Asia Pacific: The consumption of FCC catalyst is predicted to increase in Asia Pacific countries such as India and China. Other reasons for the expected rise in the demand for FCC catalyst in the developing region could be:
● Larger oil refining capacity of China compared to other countries in the world
● Strong investments to help increase oil refining capacity of India
● Increasing number of partnerships between EPCM services providers and oil and gas companies
● Desperate need to reduce air pollution
● High demand for cleaner fuels
● High focus on crude oil-to-chemical projects to maximize petrochemical production
New FCC Catalysts to Meet Unique Needs of Refiners: The report provides comprehensive company profiling of key players competing in the global FCC catalyst market, including Grace Catalysts Technologies, BASF, Albemarle, JGC C&C, Sinopec, CNPC, HCpect, and Yueyang Sciensun Chemical. Players are expected to launch new innovations that can help meet unique demands of oil and petroleum refineries. Expansion of product portfolio could be another important focus on leading companies operating in the global FCC catalyst market.
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