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.
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.
Major geographies analyzed under this research report are:
- North America
- Asia Pacific
- Rest of the World (RoW)
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report:
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.