FCC Catalyst and Additives Market Major Growth Driving Factors and Comprehensive Research Report
The factors that are playing a major role in the growth of FCC catalyst and additives market are the rising use of cost-efficient environmental FCC additives, availability of several options and opportunities for refiners, and the rising demand from end-users.
FCC Catalyst and Additives Market(firmenpresse) - Global FCC catalyst and additives market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. The FCC, or fluid catalytic cracking is the most important technology in modern continuous process of refining. They are exclusively used to maximize quality target fuel production like diesel or gasoline, while limiting unwanted cuts of hydrocarbons. They are composed of binder, zeolite, clay, silica, and alumina. It enables refineries to process heavy levels of contaminants into clean fuels.
The factors that are playing a major role in the growth of FCC catalyst and additives market are the rising use of cost-efficient environmental FCC additives, availability of several options and opportunities for refiners, and the rising demand from end-users. Also, rising innovations to maximize production of highly-valued fuels and petrochemicals is estimated to boost overall market growth in the years to come. However, fluctuations in raw material costs and the quality of raw material may restrain overall market growth in the years to come. FCC catalyst and additives market is segmented based on type, product type, additives type, raw material, application, and region.
Metal passivation agent, octane number improving agent, Sulphur reducing agent, light olefins enhancing agent, and other types are explored in FCC catalyst and additives in the forecast period. PROvantage, AFX, and DuraZOOM are the product types that are explored in FCC catalyst and additives in the forecast period.
Sodium aluminate, sodium silicate, kaolin, and other raw materials are explored in FCC catalyst and additives in the forecast period. Platinum, magnesium oxide, and other additive types are explored in FCC catalyst and additives in the forecast period.
The FCC catalyst and additives market is categorized based on applications like residue, vacuum gas oil, and others. Vacuum gas oil sector accounted for a substantial market share of FCC catalyst and additives and is estimated to lead the overall market attributing to the growing population in the years to come. In addition, residue sector is estimated to grow at a faster pace in the years to come.
Globally, North America accounted for the substantial market share of FCC catalyst and additives and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of key manufacturers in the region, presence of developed R&D sectors, and the high demand from end-users. Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second larger region with significant market share. However, Asia Pacific is estimated to grow at the higher CAGR in the forecast period. The aspects that may be ascribed to the growth comprise the growing population in the region and low labor cost.
The key players of FCC catalyst and additives market are Yueyang Sciensun Chemical, Grace Catalysts Technologies, CNPC, BASF, Sinopec, Albemarle, JGC C&C, and Johnson Matthey These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
Themen in dieser Pressemitteilung:
fcc-catalyst-and-additives-market
chemicals-materials
fcc-catalyst-and-additives
fcc-catalyst-and-additives-industry
chemicals-materials-market
chemicals-materials-industry
Unternehmensinformation / Kurzprofil:
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.
"Million Insights
Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States
Phone: +1-408-610-2300
Toll Free: +1-866-831-4085
Email: sales(at)millioninsights.com"
Datum: 09.12.2019 - 10:52 Uhr
Sprache: Deutsch
News-ID 603686
Anzahl Zeichen: 3560
contact information:
Contact person: Tom Clark
Town:
Felton
Phone: 14086102300
Kategorie:
Chemical industry
Typ of Press Release: Financial
type of sending: send
Date of sending: 09.12.2019
Diese Pressemitteilung wurde bisher 272 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"FCC Catalyst and Additives Market Major Growth Driving Factors and Comprehensive Research Report"
steht unter der journalistisch-redaktionellen Verantwortung von
Million Insights (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
