Fluid Catalytic Cracking Market by Catalyst Type, Design, End-User

Description

List of Tables

[199 Pages Report] The Fluid Catalytic Cracking Market size was estimated at USD 9.74 billion in 2023 and expected to reach USD 10.16 billion in 2024, at a CAGR 4.39% to reach USD 13.16 billion by 2030.

The Fluid Catalytic Cracking (FCC) market comprises the sale and distribution of FCC technologies, services, and related catalytic materials used to convert heavy crude oil fractions into lighter hydrocarbon products, primarily gasoline and diesel. The rising demand for cleaner fuels and the development of superior catalysts that offer improved yields and selectivity drive market growth. The need for domestic fuel sources has prompted countries to enhance their oil refining capacities, augmenting the demand for FCC units. However, the scale and complexity of FCC units demand significant capital investment and may limit the market demand for fluid catalytic cracking. FCC units require continuous operation and maintenance, necessitating skilled labor and leading to potential downtime risks. Also, fluctuations in crude oil market prices can impact profit margins and demand for refinery products, affecting the FCC market. Moreover, FCC units can be optimized to produce fuels and valuable petrochemicals, opening avenues in the olefins market. The technological improvements allow FCC to process bio-feedstocks, creating substantial opportunities in the biofuels sector.

KEY MARKET STATISTICS
Base Year [2023]	USD 9.74 billion
Estimated Year [2024]	USD 10.16 billion
Forecast Year [2030]	USD 13.16 billion
CAGR (%)	4.39%

Regional Insights

In the Asia Pacific region, the developing economies, including China, Japan, and India, have seen a surge in demand for petroleum products owing to industrial growth and an increase in vehicle ownership, leading to a substantial need for fluid catalytic cracking (FCC) technology to enhance refining capacity. In the Americas, the United States is a leading country in the FCC market with substantial investments and advanced technological infrastructure. The recent initiatives in the Americas focus on agility and adaptability in refiner operations to address the fluctuating crude oil market, alongside stringent environmental regulations pushing for cleaner fuel standards and more efficient operations. In the EMEA region, the European Union (EU) countries maintain a steady demand for FCC processes to produce transportation fuels despite a strong push towards renewable energy sources. The increasing investment in research and development is notable in the EU for the improvement of FCC catalysts that minimize environmental impact. As a significant exporter of crude oil in the Middle East region, several countries are investing heavily in refining and petrochemicals, utilizing FCC as a conversion process to maximize profit from the production of higher-value products.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Fluid Catalytic Cracking Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Rising global energy demand and need for refined petroleum products
- Potential of processing renewable and waste-based feedstocks with FCC

Market Restraints
- Environmental impacts of FCC technology utilization

Market Opportunities
- Ongoing advancements in FCC technology and materials
- Increasing emphasis on sustainable management of spent fluid catalytic cracking

Market Challenges
- Complexities associated with managing FCC units

Market Segmentation Analysis
- Catalyst Type: Advancements in catalyst types to enhance properties
- Design: Configuration in designs for optimum performance of FCC process
- End-User: Petroleum refineries implement FCC catalyst technology for improved FCC efficiency and lower sulfur emissions

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Fluid Catalytic Cracking Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Fluid Catalytic Cracking Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Grace Launches PARAGON FCC Catalyst Technology For More Sustainably Produced Fuels

W.R. Grace & Co. has unveiled their latest innovation, the Paragon FCC catalyst technology, which is aimed to redefine the production of fuels. Based on their deep expertise in materials science, Grace's new technology is distinctively designed to meet the stringent demands of the energy sector by enhancing the fluid catalytic cracking (FCC) process. [Published On: 2023-10-25]

RMS To Acquire Hot Gas Expander Product Line From Siemens Energy

Rotating Machinery Services (RMS) has announced a strategic acquisition that will significantly enhance its product portfolio, with the purchase of the hot gas expander product line from Siemens Energy. This move enables RMS to solidify its presence in the fluid catalytic cracking (FCC) industry by integrating a product known for its high performance and reliability in FCC applications. [Published On: 2023-02-14]

Albemarle Announces Launch Of Ketjen Corporation

Albemarle Corporation, announced the establishment of Ketjen Corporation, a new company aimed to enhance the production and development of its fluid catalytic cracking (FCC) catalysts. This strategic initiative is anticipated to strengthen Albemarle's commitment to delivering state-of-the-art catalyst solutions that meet the ever-evolving needs of the refining industry. [Published On: 2023-01-30]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Fluid Catalytic Cracking Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Fluid Catalytic Cracking Market, highlighting leading vendors and their innovative profiles. These include Albemarle Corporation, Arkema S.A., Axens Group, BASF SE, CECO Environmental Corporation, Clariant AG, Evonik Industries AG, ExxonMobil Corporation, Fluor Corporation, Honeywell International, Inc., JGC C&C, Johnson Matthey PLC, KBR Inc., Linde PLC, Magma Group, McDermott International, PJSC Lukoil Oil, RMS Engineering, Inc., Shell PLC, Sinopec, Stress Engineering Services, Inc., Sulzer Ltd., Topsoe A/S, W. R. Grace & Co. by Standard Industries Holdings Inc., and Zeolyst International.

Market Segmentation & Coverage

This research report categorizes the Fluid Catalytic Cracking Market to forecast the revenues and analyze trends in each of the following sub-markets:

Catalyst Type
- Binder
- Filler
- Lanthanum Oxide
- Matrix
- Zeolite

Design
- Side-by-Side
- Stacked

End-User
- Oil & Gas
- Petrochemical Plants

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-F3183FD1489B

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising global energy demand and need for refined petroleum products
  - 5.1.1.2. Potential of processing renewable and waste-based feedstocks with FCC
- 5.1.2. Restraints
  - 5.1.2.1. Environmental impacts of FCC technology utilization
- 5.1.3. Opportunities
  - 5.1.3.1. Ongoing advancements in FCC technology and materials
  - 5.1.3.2. Increasing emphasis on sustainable management of spent fluid catalytic cracking
- 5.1.4. Challenges
  - 5.1.4.1. Complexities associated with managing FCC units
5.2. Market Segmentation Analysis
- 5.2.1. Catalyst Type: Advancements in catalyst types to enhance properties
- 5.2.2. Design: Configuration in designs for optimum performance of FCC process
- 5.2.3. End-User: Petroleum refineries implement FCC catalyst technology for improved FCC efficiency and lower sulfur emissions
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Fluid Catalytic Cracking Market, by Catalyst Type

6.1. Introduction
6.2. Binder
6.3. Filler
6.4. Lanthanum Oxide
6.5. Matrix
6.6. Zeolite

7. Fluid Catalytic Cracking Market, by Design

7.1. Introduction
7.2. Side-by-Side
7.3. Stacked

8. Fluid Catalytic Cracking Market, by End-User

8.1. Introduction
8.2. Oil & Gas
8.3. Petrochemical Plants

9. Americas Fluid Catalytic Cracking Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Fluid Catalytic Cracking Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Fluid Catalytic Cracking Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Grace Launches PARAGON FCC Catalyst Technology For More Sustainably Produced Fuels
- 12.3.2. RMS To Acquire Hot Gas Expander Product Line From Siemens Energy
- 12.3.3. Albemarle Announces Launch Of Ketjen Corporation
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio