FCC Catalyst and Additives Market Key Players, Trends, Growth Opportunities and Industry Forecast till 2021
“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.�
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.