The RFCC Catalyst Market Size is valued at USD 229.4 Mn in 2023 and is predicted to reach USD 297.3 Mn by the year 2031 at a 3.44% CAGR during the forecast period for 2024-2031.
Resid Fluid Catalytic Cracking (RFCC) catalysts are specialized catalysts used in the RFCC process, which is an advanced version of the Fluid Catalytic Cracking (FCC) process. The RFCC process is designed to convert heavy, high-molecular-weight residual oils from crude oil refining (referred to as "resid") into more valuable products such as gasoline, diesel, and lighter hydrocarbons.
Technological advancements in catalyst formulation have led to the development of more robust and efficient RFCC catalysts that can handle heavier and more challenging feedstock. The global push for energy efficiency and the increasing complexity of crude oil sources are expected to continue driving the RFCC catalyst market's growth, making it a very important component in the evolving landscape of the oil refining industry.
However, the market faces restraining factors, including the high cost of catalyst development and production, which can limit adoption, particularly among smaller refineries. Additionally, fluctuations in crude oil prices and the increasing cocentration on alternative energy sources such as electric vehicles pose challenges to the RFCC Catalyst market, potentially dampening demand. Despite these challenges, the market is likely to grow steadily, supported by ongoing research and development efforts aimed at improving catalyst performance and adapting to evolving industry needs.
The RFCC catalyst market is segmented on the basis of type and application. Based on type, the market is segmented as zeolite, non-zeolite and others. By application, the market is again segmented into heavy gas oil (HGO), vacuum gas oil (VGO), residue feedstock, and others.
The zeolite category is expected to hold a major share of the global RFCC catalyst market in 2023. This is due to their superior properties in cracking heavy hydrocarbon feedstock into valuable lighter products like gasoline and olefins. Zeolites, particularly Y-type zeolites, are highly effective because of their high surface area, strong acidity, and excellent thermal stability, which are essential for the efficient catalytic cracking process. These characteristics allow for better selectivity and higher conversion rates, making them the preferred choice for refiners aiming to maximize yield and improve process efficiency. Additionally, zeolite-based RFCC catalysts offer enhanced resistance to coke formation and metal poisoning, extending the catalyst's lifespan and reducing operational costs. Their ability to be tailored for specific feedstock compositions and product requirements further solidifies their dominance in the RFCC catalyst market.
The vacuum gas oil (VGO) segment is projected to grow at a rapid rate in the global RFCC Catalyst market due to its crucial role in enhancing gasoline yield and refining efficiency. As global fuel demand rises, particularly for cleaner fuels, refineries are increasingly adopting RFCC catalysts optimized for vacuum gas oil, driving rapid growth in this application.
The Asia Pacific RFCC catalyst market is expected to report the largest market revenue share in the near future. This can be due to its well-established refining infrastructure and high demand for advanced refining technologies. The region's refineries are among the largest and most sophisticated globally, driving the adoption of RFCC catalysts to enhance the efficiency and output of the refining processes. Additionally, stringent environmental regulations in Asia Pacific push refineries to use high-performance catalysts to reduce emissions and improve product yield, further boosting market dominance.
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Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD 229.4 Mn |
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Revenue Forecast In 2031 |
USD 297.3 Mn |
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Growth Rate CAGR |
CAGR of 3.44% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Mn, Volume (Tons) and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Type And Application, |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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Competitive Landscape |
Albemarle Corporation, W.R. Grace Company, BASF SE., Johnson Matthey, Arkema, JGC CORPORATION, Flour Corporation, Honeywell International Inc., Exxon Mobil Corporation., McDermott, and Axens, Kuwait Catalyst Company, N.E. CHEMCAT, Porocel Corporation, Yueyang Sciensun Chemical Co., Ltd., DuPont and Magma Ceramics & Catalysts |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global RFCC Catalyst Market Snapshot
Chapter 4. Global RFCC Catalyst Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Porter's Five Forces Analysis
4.7. Incremental Opportunity Analysis (US$ MN), 2024-2031
4.8. Global RFCC Catalyst Market Penetration & Growth Prospect Mapping (US$ Mn), 2023-2031
4.9. Competitive Landscape & Market Share Analysis, By Key Player (2023)
4.10. Use/impact of AI on RFCC Catalyst Industry Trends
Chapter 5. RFCC Catalyst Market Segmentation 1: By Type, Estimates & Trend Analysis
5.1. Market Share by Type, 2023 & 2031
5.2. Market Size (Value US$ Mn & Volume (Tons)) & Forecasts and Trend Analyses, 2019 to 2031 for the following Type:
5.2.1. Zeolite
5.2.2. Non-zeolite
5.2.3. Others
Chapter 6. RFCC Catalyst Market Segmentation 2: By Application, Estimates & Trend Analysis
6.1. Market Share by Application, 2023 & 2031
6.2. Market Size (Value US$ Mn & Volume (Tons)) & Forecasts and Trend Analyses, 2019 to 2031 for the following Applications:
6.2.1. Heavy Gas Oil (HGO)
6.2.2. Vacuum Gas Oil (VGO)
6.2.3. Residue Feedstock
6.2.4. Others
Chapter 7. RFCC Catalyst Market Segmentation 3: Regional Estimates & Trend Analysis
7.1. Global RFCC Catalyst Market, Regional Snapshot 2023 & 2031
7.2. North America
7.2.1. North America RFCC Catalyst Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Country, 2019-2031
7.2.1.1. US
7.2.1.2. Canada
7.2.2. North America RFCC Catalyst Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Type, 2019-2031
7.2.3. North America RFCC Catalyst Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Application, 2019-2031
7.3. Europe
7.3.1. Europe RFCC Catalyst Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Country, 2019-2031
7.3.1.1. Germany
7.3.1.2. U.K.
7.3.1.3. France
7.3.1.4. Italy
7.3.1.5. Spain
7.3.1.6. Rest of Europe
7.3.2. Europe RFCC Catalyst Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Type, 2019-2031
7.3.3. Europe RFCC Catalyst Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Application, 2019-2031
7.4. Asia Pacific
7.4.1. Asia Pacific RFCC Catalyst Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Country, 2019-2031
7.4.1.1. India
7.4.1.2. China
7.4.1.3. Japan
7.4.1.4. Australia
7.4.1.5. South Korea
7.4.1.6. Hong Kong
7.4.1.7. Southeast Asia
7.4.1.8. Rest of Asia Pacific
7.4.2. Asia Pacific RFCC Catalyst Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Type, 2019-2031
7.4.3. Asia Pacific RFCC Catalyst Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts By Application, 2019-2031
7.5. Latin America
7.5.1. Latin America RFCC Catalyst Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Country, 2019-2031
7.5.1.1. Brazil
7.5.1.2. Mexico
7.5.1.3. Rest of Latin America
7.5.2. Latin America RFCC Catalyst Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Type, 2019-2031
7.5.3. Latin America RFCC Catalyst Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Application, 2019-2031
7.6. Middle East & Africa
7.6.1. Middle East & Africa RFCC Catalyst Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by country, 2019-2031
7.6.1.1. GCC Countries
7.6.1.2. Israel
7.6.1.3. South Africa
7.6.1.4. Rest of Middle East and Africa
7.6.2. Middle East & Africa RFCC Catalyst Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Type, 2019-2031
7.6.3. Middle East & Africa RFCC Catalyst Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Application, 2019-2031
Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles
8.2.1. BASF SE
8.2.1.1. Business Overview
8.2.1.2. Key Product/Service Offerings
8.2.1.3. Financial Performance
8.2.1.4. Geographical Presence
8.2.1.5. Recent Developments with Business Strategy
8.2.2. Albemarle Corporation
8.2.3. W.R. Grace Company
8.2.4. Johnson Matthey
8.2.5. Arkema
8.2.6. JGC CORPORATION
8.2.7. Flour Corporation
8.2.8. Honeywell International Inc.
8.2.9. Exxon Mobil Corporation.
8.2.10. McDermott
8.2.11. Axens
8.2.12. Kuwait Catalyst Company
8.2.13. N.E. CHEMCAT
8.2.14. Porocel Corporation
8.2.15. Yueyang Sciensun Chemical Co., Ltd.
8.2.16. DuPont
8.2.17. Magma Ceramics & Catalysts
8.2.18. Other Prominent Players
RFCC Catalyst Market By Type-
RFCC Catalyst Market By Application-
RFCC Catalyst Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
