FCC Catalyst Market - Forecast(2022 - 2027)

Report Code: CMR 34995 Report Format: PDF + Excel

FCC Catalyst Market Overview

FCC catalyst market size is forecast to reach US$3.3 billion by 2027, after growing at a CAGR of 4.1% during 2022-2027. Fluid catalytic cracking (FCC) is a type of processing unit used in petroleum refineries to produce additional gasoline during the refining process. Basically, it is a chemical process that utilizes a catalyst and heat to break long-chain hydrocarbons into smaller-chain hydrocarbons. These catalysts are primarily used to convert the high-boiling point crude oils into gasoline, olefinic gases, and other petroleum products. Vacuum gas oil (VGO) is a key feedstock for fluid catalytic crackers used to make transportation fuels. An electrostatic precipitator (ESP) is used to remove residual particulate in FCC catalyst. Rapid urbanization along with the expansion of chemical processing industries in developing nations is driving the market growth for FCC catalysts. The growing demand for petroleum products, ultra-low sulfur content diesel, and aviation fuel are also driving the demand for the FCC catalyst market. The various governments are also investing in petroleum refining activities in order to meet the demand. According to Investindia estimations, approximately US$58 billion will be invested in E&P by 2023, and US$60 billion will be invested in natural gas infrastructure by 2024. However, high investment, as well as operational costs, are likely to restrain the market growth during the forecast period.

COVID-19 Impact

The COVID-19 pandemic is impacting different industries; one of the few industries that were primarily hit to some extent was the oil & gas industry. The demand for oil & gas is low during the covid-19 crises which are further impacted the FCC catalyst market. The delay in oil refining activities across the globe impacted the market growth for FCC catalyst during covid-19. However, the FCC Catalyst industry faced problems related to the lack of workforce, and lack of raw materials supply among others.

Report Coverage

The report: “FCC Catalyst Market Report– Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments of the FCC Catalyst industry.

By Ingredients: Zeolites [Natural Zeolites, and Synthetic Zeolites], Metals [Oprecious Metals, Rare Earth Metals, Transistion & Base Metals {Molybdenum (Mo), Tungsten (W), Cobalt (Co), Nickel (Ni), Iron (Fe), and Zirconium (Zr)}, Chemical Compound [Sodium oxide, Aluminium oxide, Silicon Dioxide, and Others]
By Configuration: Side-by-side Type, and Stacked-Type
By Application: Vacuum Gas Oil (VGO) feeds, Gas Oil feedstock, Resid Feed [Heavy Resid feed, Moderate Resid feed, Light Resid feed], and others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, and New Zeeland, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (the Middle East and Africa)

Key Takeaways

  • The Asia Pacific is expected to register the highest CAGR of 5.1% during the forecast period (2022-2027). Rapid urbanization, emerging economies, and increasing developments in capacities of oil production in oil refineries are the major factors driving the market growth.
  • The zeolites segment is expected to grow at a high CAGR of 4.5% during the forecast period 2022-2027.
  • The increasing market for valuable products such as gasoline, olefinic gases, and petroleum products among transportation industry is one of the key factors driving the FCC catalyst market 

Figure: Asia Pacific FCC Catalyst Market Revenue, 2021-2027 (US$ Billion)

FCC Catalyst Market Revenue

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FCC Catalyst Market Segment Analysis - By Ingredients

The zeolites segment accounted for approximately 26% of the market share in 2021 and is estimated to grow at a high CAGR during the forecast period. Zeolites are microporous, aluminosilicate minerals commonly used as commercial adsorbents and catalysts. Zeolite is the key component that is more active and selective for high-octane number gasoline productions. Zeolite acts as a solid acid catalyst to convert crude oil into a more valuable product, such as gasoline and olefin. According to a research paper, fluid catalytic cracking (FCC) catalysts account for more than 95% of the global zeolite catalyst consumption. According to the data published by USGS, In 2019, the United States produced an estimated 98,000 tons of natural zeolites, a 14% increase from that in 2018 and approximately 92,000 tons of natural zeolites were sold in the United States during 2019.

FCC Catalyst Market Segment Analysis – By Application

The vacuum gas oil (VGO) feed segment accounted for approximately 24% of the market share in 2021 and is estimated to grow at a significant CAGR during the forecast period. Vacuum gas oil is used as a feedstock to enhance gasoline and diesel production from refineries. The primary use of VGO is as feed to cracking units such as the FCC or the hydrocracker. The growing production of petroleum products such as petrol and diesel is supporting the market growth for VGO feed. According to the facts published by the U.S. Energy Information Administration, The U.S. crude oil production reached almost 11.8 million b/d in November 2021 and the administration estimated that the production will rise to an average of 12.0 million b/d in 2022.

FCC Catalyst Market Segment Analysis - By Geography

Asia Pacific region held a significant share in the FCC catalyst market in 2021, up to 35%, owing to the rapid growth in oil refining plants in the region. The presence of developing nations such as India and China is driving the market growth in the region. The increasing fuel consumption in developing countries such as China, India, and Indonesia, among others is supporting the market growth for the FCC catalyst market. According to the data published by BP Statistical Review of World Energy 2019, the Asia-Pacific region has the largest oil refining capacity in the world, processing about 34.75 million barrels per day (bpd) in 2018. China contributed approximately 15.6% of the world’s oil refining capacity in 2018.

FCC Catalyst Market Drivers

Growing investment in oil refining

The oil and gas sector is among the core industries in both developing and developed regions and plays a major role in influencing decision-making for all the other important sections of the economy. The growing demand for petrol, diesel, and other petroleum products is driving the market for FCC catalysts. According to the data published by IBEF, the government of India plans to invest US$ 102.49 billion (Rs. 7.5 trillion) in oil and gas infrastructure in the next five years (2021-2025). The Ratnagiri refinery one of the oil & gas company in India has a significantly high planned FCC capacity of 312 Mbpd. The refinery is expected to start its operations in 2022 with a total capex of US$ 40 billion. The North American region is also expected to hold a significant share during the forecast period. According to U.S. Energy Information Administration (EIA), there were 129 operable petroleum refineries in the United States.

FCC Catalyst Market Challenges

Decline in the demand for gasoline in developed nations

The growing usage of electric vehicles in developed regions is one of the major factors impacting the market for FCC catalysts during the forecast period. The growing usage of biofuels such as biodiesel among end-user is hampering the market growth. The increasing emissions that are released into the environment from automobiles and industrial processing units have been harming the environment significantly. According to the US Environmental Protection Agency (EPA), a typical vehicle emits about 4.6 metric tons of CO2 per year. Hence the growing government regulations are also impacting the market for FCC catalysts.

FCC Catalyst Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the FCC catalyst market. FCC catalyst top 10 companies include

  1. BASF SE
  2. WR Grace & Co-Conn
  3. China Petroleum & Chemical Corporation
  4. Albemarle Corporation
  5. JGC Catalysts & Chemicals Co., Ltd.
  6. Haldor Topsoe A/S
  7. ReZel Catalysts
  8. Clariant International Ltd.
  9. Anten Chemical Co., Ltd.
  10. SINOCATA
  11. Other Companies

Recent Developments

  • In July 2020, BASF commercial launched Altrium™, a new Fluid Catalytic Cracking (FCC) catalyst for mild to heavy resid feedstock. Altrium incorporates BASF’s newest Advanced Innovative Matrix (AIM) and the proven technology IZY (Improved Zeolite-Y).
  • In March 2020, BASF developed a new FCC catalyst, named Fortune, for Gasoil feedstock. The product is based on BASF’s Multiple Framework Topology (MFT) technology to deliver superior butylene over propylene selectivity while maintaining catalyst activity.
  • In July 2019, McDermott International, Inc. made a contract with Indian Oil Corporation Limited (IOCL) for the technology license, basic engineering, proprietary equipment, training, and technical services for a grassroots Fluid Catalytic Cracking (FCC) unit.

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1. FCC Catalyst Market- Market Overview
    1.1 Definitions and Scope 
2. FCC Catalyst Market- Executive Summary
    2.1 Key Trends by Ingredients
    2.2 Key Trends by Configuration
    2.3 Key Trends by Application
    2.4 Key Trends by Geography
3. FCC Catalyst Market– Comparative analysis 
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. FCC Catalyst Market - Startup Companies Scenario Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. FCC Catalyst Market – Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. FCC Catalyst Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes 
7. FCC Catalyst Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. FCC Catalyst Market – By Ingredients (Market Size -US$ Million/Billion)
    8.1 Zeolites
        8.1.1 Natural Zeolites
        8.1.2 Synthetic Zeolites
    8.2 Metals
        8.2.1 Oprecious Metals
        8.2.2 Rare Earth Metals
        8.2.3 Transistion & Base Metals
            8.2.3.1 Molybdenum (Mo)
            8.2.3.2 Tungsten (W)
            8.2.3.3 Cobalt (Co)
            8.2.3.4 Nickel (Ni)
            8.2.3.5 Iron (Fe)
            8.2.3.6 Zirconium (Zr)
    8.3 Chemical Compound
        8.3.1 Sodium oxide
        8.3.2 Aluminium oxide
        8.3.3 Silicon Dioxide
        8.3.4 Others
9. FCC Catalyst Market – By Configuration (Market Size -US$ Million/Billion)
    9.1 Side-by-side Type 
    9.2 Stacked-Type
10. FCC Catalyst Market – By Application (Market Size -US$ Million/Billion)
    10.1 Vacuum Gas Oil (VGO) feeds
    10.2 Gas Oil feedstock
    10.3 Resid Feed
        10.3.1 Heavy Resid feed
        10.3.2 Moderate Resid feed
        10.3.3 Light Resid feed
    10.4 Others
11. FCC Catalyst Market - By Geography (Market Size -US$ Million/Billion)
    11.1 North America
        11.1.1 USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherlands
        11.2.6 Spain
        11.2.7 Russia
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zealand
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of Africa
12. FCC Catalyst Market– Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. FCC Catalyst Market – Industry/Segment Competition Landscape Premium 
    13.1 Company Benchmarking – Major Companies
    13.2 Market Share at Global Level - Major companies
    13.3 Market Share by Key Region - Major companies
    13.4 Market Share by Key Country - Major companies
    13.5 Market Share by Key Application - Major companies
    13.6 Market Share by Key Product Type/Product category - Major companies
14. FCC Catalyst Market – Key Company List by Country Premium Premium 
15. FCC Catalyst Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies*"

LIST OF TABLES

1.Global Competition Landscape Market 2019-2024 ($M)
1.1 BASF SE Market 2019-2024 ($M) - Global Industry Research
1.2 WR Grace Co-Conn Market 2019-2024 ($M) - Global Industry Research
2.Global Competition Landscape Market 2019-2024 (Volume/Units)
2.1 BASF SE Market 2019-2024 (Volume/Units) - Global Industry Research
2.2 WR Grace Co-Conn Market 2019-2024 (Volume/Units) - Global Industry Research
3.North America Competition Landscape Market 2019-2024 ($M)
3.1 BASF SE Market 2019-2024 ($M) - Regional Industry Research
3.2 WR Grace Co-Conn Market 2019-2024 ($M) - Regional Industry Research
4.South America Competition Landscape Market 2019-2024 ($M)
4.1 BASF SE Market 2019-2024 ($M) - Regional Industry Research
4.2 WR Grace Co-Conn Market 2019-2024 ($M) - Regional Industry Research
5.Europe Competition Landscape Market 2019-2024 ($M)
5.1 BASF SE Market 2019-2024 ($M) - Regional Industry Research
5.2 WR Grace Co-Conn Market 2019-2024 ($M) - Regional Industry Research
6.APAC Competition Landscape Market 2019-2024 ($M)
6.1 BASF SE Market 2019-2024 ($M) - Regional Industry Research
6.2 WR Grace Co-Conn Market 2019-2024 ($M) - Regional Industry Research
7.MENA Competition Landscape Market 2019-2024 ($M)
7.1 BASF SE Market 2019-2024 ($M) - Regional Industry Research
7.2 WR Grace Co-Conn Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US FCC Catalyst Market Revenue, 2019-2024 ($M)
2.Canada FCC Catalyst Market Revenue, 2019-2024 ($M)
3.Mexico FCC Catalyst Market Revenue, 2019-2024 ($M)
4.Brazil FCC Catalyst Market Revenue, 2019-2024 ($M)
5.Argentina FCC Catalyst Market Revenue, 2019-2024 ($M)
6.Peru FCC Catalyst Market Revenue, 2019-2024 ($M)
7.Colombia FCC Catalyst Market Revenue, 2019-2024 ($M)
8.Chile FCC Catalyst Market Revenue, 2019-2024 ($M)
9.Rest of South America FCC Catalyst Market Revenue, 2019-2024 ($M)
10.UK FCC Catalyst Market Revenue, 2019-2024 ($M)
11.Germany FCC Catalyst Market Revenue, 2019-2024 ($M)
12.France FCC Catalyst Market Revenue, 2019-2024 ($M)
13.Italy FCC Catalyst Market Revenue, 2019-2024 ($M)
14.Spain FCC Catalyst Market Revenue, 2019-2024 ($M)
15.Rest of Europe FCC Catalyst Market Revenue, 2019-2024 ($M)
16.China FCC Catalyst Market Revenue, 2019-2024 ($M)
17.India FCC Catalyst Market Revenue, 2019-2024 ($M)
18.Japan FCC Catalyst Market Revenue, 2019-2024 ($M)
19.South Korea FCC Catalyst Market Revenue, 2019-2024 ($M)
20.South Africa FCC Catalyst Market Revenue, 2019-2024 ($M)
21.North America FCC Catalyst By Application
22.South America FCC Catalyst By Application
23.Europe FCC Catalyst By Application
24.APAC FCC Catalyst By Application
25.MENA FCC Catalyst By Application