Market Trends of North America Refining Catalysts Industry
This section covers the major market trends shaping the North America Refining Catalysts Market according to our research experts:
Fluid Catalytic Cracking (FCC) Catalysts to Dominate the Market
- The fluid catalytic cracking (FCC) process plays a crucial role in refineries while producing lighter products from crude oil.
- FCC unit helps in converting a variety of feed types, such as cracked gas oil, gas oil, deasphalted gas oils, vacuum/atmospheric resins, and others, into lighter and high-value products, such as diesel oil, jet fuel, LPG, kerosene, and gasoline.
- In the FCC unit, the feedstock is heated at high temperature and moderate pressure. Along with this, the feedstock is brought in contact with a catalyst which helps to break the long-chain molecules of the high-boiling hydrocarbon liquids into small molecules, which are further collected in the form of vapors.
- In the FCC process, the catalysts are used in the form of fine powders. Previously, catalysts, such as amorphous silica-alumina were used for cracking vacuum gas oils in the FCC unit. However, in the early 1960s, zeolite was commercially introduced as FCC catalysts, which had been a significant advancement in the history of catalytic cracking.
- Owing to the aforementioned factors, FCC catalysts are of great importance in propelling the market demand for refining catalysts in the forecast period.
Understand The Key Trends Shaping This Market
Download PDF
United States to Dominate the Market
- United States refining catalyst market is driven by the demand from petroleum refineries. United States petroleum refinery capacity continues to increase mainly because of increasing number of petroleum refineries.
- Secondary units, that support heavy crude oil processing and production of ultra-low sulfur diesel and gasoline, which include thermal cracking (coking), catalytic hydrocracking, and hydro-treating, have also registered a significant increase.
- Currently the U.S. government implementing international political gain policy claiming 'energy dominance' by deregulating oil and gas production to further leverage rising United States exports.
- Due to the above-mentioned factors, the market for refining catalysts in the country is projected to grow during the forecast period.
Get Analysis on Important Geographic Markets
Download PDF
