DUBLIN—Research and Markets has announced the addition of the "Global Fluid Catalytic Cracking Market Insights, Opportunity Analysis, Market Shares and Forecast, 2016 - 2022" report to their offering.
The Global Fluid Catalytic Cracking Market is expected to grow at attractive 3.5% during 2016-2022.
There are several reasons for the growth of the market, such as a huge demand for gasoline, increasing government investment in petroleum refinery, future plans for refinery construction and expansion, technological upgradation and development in existing equipment.
An increase in gasoline demand in the U.S. leads to high refinery levels due to lowest crude oil prices. The retail gasoline prices in U.S. rose around 16% in past two months to $2.800 gallon which was near the highest since November. Due to this, increasing fuel consumption helps to increase in construction market and economy as well.
Asia-Pacific is projected to grow higher during forecast period specifically in India, China, Singapore and Indonesia, due to growing huge demand for fuel in transportation and availability of bio-products is very less, hence is the growing factor for global fluid catalytic cracking market. Developing countries like India and China, are the major contributors which influence the global energy demand.
There are many of restraints which hinder the fluid catalytic cracking market such as decline in gasoline demand from Europe and North America and high operation and investment cost. According to Energy Information Administration report, there is a huge decline in supply of gasoline dropped by 10.5 million barrels in the past several weeks in America.
- Albemarle Corporation
- Basf Se
- CB&I Company
- Chevron Lummus Global
- Flour Corporation
- KBR Inc.
- Petrochina Company Limited.
- Shell Global Solutions
- Sinopec Corp.
- Valero Energy Corporation
- W.R. Grace Company
Key Topics Covered:
2. Market Overview
3. Market Determinants
4. Market Segmentation
5. Competitive Landscape
6. Geographical Analysis
7. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/dkrj4m/global_fluid
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Related Topics: Gasoline and Diesel