The increasing demand for petroleum has resulted in an increasing number of investments in petroleum refining activities by governments globally. A number of future plans for refinery construction and expansion are predicted to fuel the refining capacity, thus fuelling the demand for catalytic cracking processes. This is owing to the increasing usage of fluid catalytic cracking by refineries in order to bridge the supply-demand gap of a number of petroleum products including gasoline.
This report comprises an in-depth evaluation on the market for fluid catalytic cracking and provides information on the expansion of this market within the key regions. The key development trends and the top players operating in this market have also been presented through this study. The report also provides the market forecast and sizing coupled with an analysis on the key opportunities, drivers, and inhibitors in the market.
An evaluation on the major technological developments taking place in the market and the Porter’s five forces model also form a key part of this study. A review on the macro and micro factors essential for the established vendors and the upcoming entrants is also presented coupled with an in-depth value chain analysis. The report will thus enable any upcoming players in making any decisions related to the expansion of their businesses in the global fluid catalytic cracking market.
Overview of the Fluid Catalytic Cracking Market
Fluid catalytic cracking is amongst the most significant conversion processes utilized within petroleum refineries. It is broadly employed for the conversion of high-molecular weight hydrocarbon fractions of petroleum into more valuable olefinic gases, gasoline, and other products. Fluid catalytic cracking is a kind of secondary unit operation that majorly results in additional production of gasoline within petroleum refining processes.
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The soaring demand for olefinic gases, gasoline, and petroleum products for meeting the increasing need for power and fuel will fuel the growth of the market for fluid catalytic cracking. However, the huge cost of operations may impede the growth of the market in the coming years. In addition, feedstock competition is a key concern for the operators of refineries and may also negatively impact the development of the market.
In terms of technological configuration, the report segments the market into side-by-side type and stacked-type. Within the fluid catalytic cracking segment, both the catalyst reactor and regenerator are the key components. The catalyst reactor and regenerator are within two different vessels in side by side type fluid catalytic cracking unit. On the other hand, in the stacked type fluid catalytic unit, the catalyst reactor and regenerator are within a single vessel and just below the catalyst reactor is the catalyst regenerator.
Geographically, the market is segmented into Asia Pacific, North America, Europe, and Rest of the World (RoW).
Key Suppliers and Technology Licensors in the Fluid Catalytic Cracking Market
The key suppliers of fluid catalytic cracking catalyst are W.R Grace Company, Albemarle Corporation, and BASF SE. On the other hand, the prime technology licensors of hydrocracker units are CB&I Company, Axens, Chevron Lummus Global, Flour Corporation, Exxon Mobil, KBR Inc., UOP, and Shell Global Solutions, among others.
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