"Actionable Insights to Fuel Your Growth"
Fluid catalyst cracking (FCC) is the most important conversion process used in petroleum refineries. It is a chemical process which uses a catalyst to form new, smaller molecules from larger molecules to make gasoline and distillate fuels. Generally cracking of petroleum hydrocarbons was done by thermal cracking, which has been completely replaced by fluid catalyst cracking due to its ability to produce more gasoline with higher octane number.
FCC uses a portion of the crude oil as feedstock which has an initial boiling point of 340°C or higher at atmospheric pressure and an average molecular weight ranging from about 200 to 600 or higher. FCC uses catalyst and heat to break down large molecules of oil & gas into smaller molecules to make up gasoline, distillate, and other higher-value products like butane and propane.
Key Market Driver -
Key Market Driver – Growing investment in refineries and massive demand of hydrocarbons
Key Market Restraint -
Key Market Restraint – Volatile price of oil and gas
Since the ongoing demand for hydrocarbon is rapidly growing and it is very essential to adopt a process for maximum production. FCC not only converts heavy petroleum fractions into light hydrocarbon products inside a reactor but also maximize the production efficiency of the refinery.
Fluid catalyst cracking market is segmented into the configuration, type, and end-user. The configuration is further divided into the side-by-side type and stacked type. In side-by-side type, catalyst reactor and generator are within two different vessels while stacked type FCC is designed to operate with an only single stage of regeneration and do not maintain any provision for external heat removal from the catalyst. Orbit and CHV series are a common type of catalyst used in a wide range of application owing to its heavy oil cracking ability. FCC is majorly used in refineries to enhance the production of gasoline products and petrochemical by-products.
The tremendous increase in domestic and international transportation has increased the demand hydrocarbon. Simultaneously the rapid investment by private and government bodies to meet the increasing demand for oil and gas is fuelling the demand for fluid catalyst cracking.
Oil and gas industry is susceptible to persistent fluctuation in market dynamics which hamper its growth and shifting trends towards renewable energy sources is expected to retard the growth of the fluid catalyst cracking the market.
Some of the key players operating in the global fluid catalyst cracking market are Albemarle Corporation, W. R. Grace & Co., BASF, Wood, Haldor Topsoe A/S, Shell, McDermott International Inc., ExxonMobil, Chevron Lummus Global (CLG), Honeywell, Axens, Johnson Matthey, and Sud-Chemie
The fluid catalyst cracking is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is expected to grow significantly owing to increased export of oil and gas to Canada and other countries. Increasing demand from refineries is anticipating the growth of the fluid catalyst cracking market in North America. Increasing investment in automotive and expansion of refineries is fuelling the demand for fluid catalyst cracking market in Europe.
To gain extensive insights into the market, Request for Customization
The Asia Pacific is expected to lead the fluid catalyst cracking market owing to massive investment by China in expanding refineries to meet the increasing demand for oil and gas. The refinery in Jamnagar, India is one of the largest refinery having a capacity for processing 580,000 BPD of crude. Government and private entities are aiming to multiply the refinery infrastructure which drives the growth of the fluid catalyst cracking market.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry