The type of oil derived by fluid catalytic cracking (FCC) catalyst is a better oil derivative meeting
stringent government norms in raising emission standards. High Growth markets of developing
countries such as India, China, Laos, Cambodia and Mongolia have shifted focus to depleting oil
reserves with an eventful industrialization and rising economic trade practices. Transportation and
industrial sectors have unfulfilled demands in petroleum and gas leading to excessive fuel
consumption with this demands adding to growth of fluid catalytic cracking (FCC) market.
Government is working to add more refineries to augment growth of petroleum in order to meet
expanding oil reserves and future expansion plans to increase oil production levels will boost demand
in fuel cracking catalyst (FCC) growth. The growing trade imbalance in petroleum supply will boost
demand in FCC market growth as well. The high operational charges in manning these FCC Stations
and increasing investment structure are likely to hinder growth. Deterioration in consumption levels
of petroleum from North America and Europe is acting against FCC growth in these regions. Refinery
operators have to cope with limitations in crude oil and with fluctuations in crude oil prices which are
raw material for these refineries, growth in FCC market is negatively impacted.
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Petroleum products have a mass appeal in contrast to bio-based products on account of their low
cost and wide availability and this is expected to favor growth of Fluid catalytic cracking (FCC) catalyst
in Asia Pacific region. North America and Europe display weakening market growth in popularity of
FCC due to mature markets present and shift in attraction towards sustainable and renewable energy
sources.
Segmentation of Global Fluid Catalytic Cracking (FCC) Catalysts Market by type includes LVR-60,
OREBIT-3600, CHV-1and RAG-7. On the basis of end-users, Fluid Catalytic Cracking (FCC) Catalysts
market includes environmental, refinery and others. By geographical regions, segmentation includes
North America, Europe, Asia pacific, MEA and Latin America.
The key industry players in Fluid Catalytic Cracking (FCC) Catalysts Market include BASF, Chevron
Philips Chemical Company LLC, Royal Dutch Shell, Honeywell International Inc., Albemarle,
ExxonMobil, Dow Chemcials, DuPont, Sinopec, Axens, Clariant AG, Johnson Mathey, and Ineos Group
AG.