Image

Global Fluid Catalytic Cracking (FCC) Market - Industry Trends and Forecast to 2030

Chemical and Materials

Image

Global Fluid Catalytic Cracking (FCC) Market - Industry Trends and Forecast to 2030

  • Chemical and Materials
  • Upcoming Report
  • Sep 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Fluid Catalytic Cracking (FCC) Market - Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 6.73 Billion
Diagram Market Size (Forecast Year) USD 8.76 Billion
Diagram CAGR %

Major Markets Players

  • Dummy1
  • Dummy2
  • Dummy3
  • Dummy4
  • Dummy5

Global Fluid Catalytic Cracking (FCC) Market, By Type (Lanthanum Oxide, Zeolite), Category (LVR-60, ORBIT-3600, CHV-1, RAG-7), Technical Configuration (Side-By-Side Type, Stacked Type), Application (Chemical, Others) - Industry Trends and Forecast to 2030.

Fluid Catalytic Cracking (FCC) Market

Fluid Catalytic Cracking (FCC) Market Analysis and Size  

Fluid catalytic cracking (FCC) is a process in the petroleum refining industry. It involves the conversion of heavy hydrocarbon feedstocks into lighter, more valuable products such as gasoline, diesel, and jet fuel. FCC utilizes a powdered catalyst and a fluidized bed reactor to break down complex hydrocarbon molecules through a combination of thermal cracking and catalytic reactions.

Data Bridge Market Research analyses that the fluid catalytic cracking (FCC) market which was USD  6.73 billion in 2022, would rocket up to USD 8.76 billion by 2030, and is expected to undergo a CAGR of 3.35% during the forecast period of 2023 to 2030.

 “Zeolite” dominates the type segment of the fluid catalytic cracking (FCC) market due to its superior catalytic properties, high stability, and widespread usage in the petroleum refining industry. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Fluid Catalytic Cracking (FCC) Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Pricing in USD

Segments Covered

By Type (Lanthanum Oxide, Zeolite), Category (LVR-60, ORBIT-3600, CHV-1, RAG-7), Technical Configuration (Side-By-Side Type, Stacked Type), Application (Chemical, Others)

Countries Covered

North America (U.S., Canada, and Mexico), South America (Brazil, Argentina, and Rest of South America), Europe (Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, and Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific), Middle East and Africa (U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and Rest of the Middle East and Africa)

Market Players Covered

Albemarle Corporation (U.S.), W.R. Grace Company (U.S.), BASF SE. (Germany), Johnson Matthey (U.K.), Arkema (France), JGC CORPORATION (Japan), Flour Corporation (U.S.), Shell (U.K.), Honeywell International Inc. (U.S.), Exxon Mobil Corporation. (U.S.), CLG (U.S.), McDermott (U.S.), and Axens (France), Kuwait Catalyst Company (Kuwait), N.E. CHEMCAT (Japan), Porocel Corporation (U.S.), Yueyang Sciensun Chemical Co., Ltd. (China), DuPont (U.S.) and  Magma Ceramics & Catalysts (U.K.)

Market Opportunities

 

  • Technological upgradation and enhancement of existing equipment
  • Rising government investments in petroleum refining movements

Market Definition

Fluid catalytic cracking (FCC) is a secondary unit operation used to produce added gasoline in the refining course. Fluid catalytic cracking (FCC) is a chemical process that promotes a catalyst and heat to break long-chain hydrocarbons into smaller-chain hydrocarbons.

Fluid Catalytic Cracking (FCC) Market Dynamics

Drivers

  • Increasing Demand for Transportation Fuels

The rising global demand for gasoline, diesel, and jet fuel is a key driver for the FCC market. FCC enables the production of higher yields of these fuels from heavy hydrocarbon feedstocks.

  • Growing Refining Capacity

The expansion of refinery capacities, particularly in emerging economies, drives the demand for FCC technologies to efficiently convert crude oil into valuable petroleum products.

Restraints

  • Environmental Concerns

FCC processes generate emissions and contribute to air pollution. Increasing environmental regulations and the need for cleaner fuels pose challenges for the FCC industry to meet stringent emission standards.

Opportunities

  • Technological Advancements

Ongoing research and development efforts are focused on improving FCC catalysts, reactor designs, and process efficiency, presenting opportunities for innovation and enhanced performance.

Challenges

  • High Costs and Feedstock Composition

The high investment, as well as operational costs associated with the fluid catalytic cracking (FCC), are projected to create hindrances for the growth of the fluid catalytic cracking (FCC) market. Moreover, another major concern for refinery operators is feedstock composition, which includes issues with heat and configuration balance and contaminants. This factor will also hamper the market growth.

This fluid catalytic cracking (FCC) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the fluid catalytic cracking (FCC) market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Recent Development

  • In December 2022, Iraq had secured a funding of USD 897 million from Japan for the expansion of the Basrah Refinery under Phase 4 of the project. The loan agreement, signed between Iraq's Ministry of Finance and Japan, aims to develop the refinery by installing a new fluid catalytic cracking (FCC) complex, which will be the first of its kind in the country.

Global Fluid Catalytic Cracking (FCC) Market Scope

The fluid catalytic cracking (FCC) market is segmented on the basis of type, category, technical configuration, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Lanthanum Oxide
  • Zeolite

Category

  • LVR-60
  • ORBIT-3600
  • CHV-1
  • RAG-7

Technical Configuration

  • Side-By-Side Type
  • Stacked Type

Application

  • Chemical
  • Others

Fluid Catalytic Cracking (FCC) Market Regional Analysis/Insights

The fluid catalytic cracking (FCC) market is analysed and market size insights and trends are provided by type, category, technical configuration, and application are referenced above. The countries covered in the Fluid Catalytic Cracking (FCC) market report are U.S., Canada, and Mexico in North America, Brazil, Argentina, and Rest of South America in South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, and Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific in Asia-Pacific, and U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and Rest of the Middle East and Africa in Middle East and Africa.

Asia-Pacific is estimated to lead the fluid catalytic cracking (FCC) market due the high investment as well as increase in refining activity within the region.

North America is expected to expand at a significant growth rate over the forecast period from 2023 to 2030 due to the high consumption of petroleum-based products and wide availability within the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Fluid Catalytic Cracking (FCC) Market Share Analysis

The fluid catalytic cracking (FCC) market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the fluid catalytic cracking (FCC) market.

Some of the major players operating in the fluid catalytic cracking (FCC) market are

  • Albemarle Corporation (U.S.)
  • W.R. Grace Company (U.S.)
  • BASF SE. (Germany)
  • Johnson Matthey (U.K.)
  • Arkema (France)
  • JGC CORPORATION (Japan)
  • Flour Corporation (U.S.)
  • Shell (U.K.)
  • Honeywell International Inc. (U.S.)
  • Exxon Mobil Corporation. (U.S.)
  • CLG (U.S.)
  • McDermott (U.S.)
  • Axens (France)
  • Kuwait Catalyst Company (Kuwait)
  • N.E. CHEMCAT (Japan)
  • Porocel Corporation (U.S.)
  • Yueyang Sciensun Chemical Co., Ltd. (China)
  • DuPont (U.S.)
  • Magma Ceramics & Catalysts (U.K.)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Get online access to the report on the World's First Market Intelligence Cloud

  • Interactive Data Analysis Dashboard
  • Company Analysis Dashboard for high growth potential opportunities
  • Research Analyst Access for customization & queries
  • Competitor Analysis with Interactive dashboard
  • Latest News, Updates & Trend analysis
  • Harness the Power of Benchmark Analysis for Comprehensive Competitor Tracking
Request for Demo

FREQUENTLY ASK QUESTIONS

Major companies in the fluid catalytic cracking (FCC) market are Albemarle Corporation (U.S.), W.R. Grace Company (U.S.), BASF SE. (Germany), Johnson Matthey (U.K.), Arkema (France), JGC CORPORATION (Japan), Flour Corporation (U.S.), Shell (U.K.), Honeywell International Inc. (U.S.), Exxon Mobil Corporation. (U.S.), CLG (U.S.), McDermott (U.S.), and Axens (France), Kuwait Catalyst Company (Kuwait), N.E. CHEMCAT (Japan), Porocel Corporation (U.S.), Yueyang Sciensun Chemical Co., Ltd. (China), DuPont (U.S.) and Magma Ceramics & Catalysts (U.K.).
The growth rate of the fluid catalytic cracking (FCC) market is 3.35% by 2030.
Increasing Demand for Transportation Fuels & Growing Refining Capacity are the growth drivers of the fluid catalytic cracking (FCC) market.
Type, category, technical configuration, and application are the factors on which the fluid catalytic cracking (FCC) market research is based.
The fluid catalytic cracking (FCC) market size will be worth USD 8.76 billion by 2030.
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials