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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In the ever-evolving landscape of the FCC catalyst market, technology advancements have emerged as a pivotal trend. Prominent players within the realm of fluid catalytic cracking are strategically harnessing these advancements to fortify their market positions and elevate their product offerings. A noteworthy example is the visionary step taken by BASF, a renowned German-based company specializing in fluid catalytic cracking catalysts and refinery catalyst systems.
In March 2022, BASF unveiled a groundbreaking innovation, FourtitudeTM, designed with precision to extract maximum butylenes from residual feedstocks. This novel FCC catalyst stands as a testament to BASF’s commitment to excellence, leveraging their award-winning multiple framework topologies (MFT) technology. FourtitudeTM stands as the epitome of optimization, meticulously engineered to deliver unparalleled selectivity for butylenes while maintaining the unwavering catalytic activity. This remarkable achievement signifies the industry’s unceasing pursuit of excellence through technological advancement.
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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