Global FCC Catalyst Additives Market is valued USD 398.6 million in 2018 and is projected to exhibit 2.48% CAGR during the forecast period. The market is projected to be around USD 478.4 million by 2026. The market is driven by the decrease in prices of personal computers across the globe.

The several options available for the reduction of gasoline sulphur in fluid catalytic cracking (FCC), a viable choice would be the use of FCC catalyst additives. FCC is injected into FCC units in little numbers to improve specific yields, improving product quality, decreasing emissions from the regenerator.
FCC Catalyst Additives Market Dynamics
Increasing per capita income and urbanization are driving the sales of vehicles in emerging economies such as India. According to the Organisation Internationale des Constructeurs d'Automobiles, it was estimated that in 2017, approximately 4.02 million vehicles were sold in India, an increase of around 9.5% from the previous year. Hence, the consumption of petroleum-based products is also expected to rise across the country.

Furthermore, automotive manufacturing is increasing in other countries in Asia-Pacific due to direct and indirect government influence such as innovative policies and trade liberalization programs. For instance, in China, the consolidation of the automotive industry is being promoted through mergers & acquisitions while in India foreign direct investment (FDI) are increasing in the automotive industry. Increased automobile production and sales are driving the demand for petroleum-based fuels and, thus, expected to positively impact the demand for FCC catalyst additives during the forecast period.
FCC Catalyst Additives Market Insight
Based on the region, The FCC catalyst additives market based on the region has been segmented into, North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. Asia-Pacific FCC catalyst additives market is further bifurcated into major countries such as China, India, Japan, South Korea, and Rest of Asia-Pacific. China accounted for a 36.58% market share in 2019. Asia-Pacific is the largest market for FCC catalyst additives. In Asia-Pacific, the market growth is significantly driven by China, India, Japan, and Rest of Asia-Pacific.

China is expected to be the largest market in the region. The country has a presence of major companies, such as China Petroleum & Chemical Corporation (Sinopec), China National Petroleum Corporation, Jgc Catalysts And Chemicals Ltd., Qingdao Huicheng Environmental Technology Co., Ltd. (Hcpect), and Yueyang Sciensun Chemical Co., Ltd which offer FCC catalyst additives globally. Moreover, the region has the largest refining distillation capacity in the World. In 2018, Asia's distillation capacity grew by more than 600 thousand barrels per day. Furthermore, with the increase in the demand for gasoline, it is expected that there would be an increased requirement of FCC catalyst additives in the region. The FCC catalyst market in Asia-Pacific is expected to register a CAGR of 3.09% during the forecast period.
FCC Catalyst Additives Market Segmentation
The global FCC catalyst additives market is segmented into type, application and region. On the basis of the type the market is further bifurcated into octane number improving agent, sulphur reducing agent, bottoms cracking additives, metal passivation agent, propylene maximization additives, and others. The market based on application is segmented into vacuum gas oil, residue, and others. Based on the region the market is further segregated into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
FCC Catalyst Additives Market Competitive Landscape
The key players in FCC Catalyst Additives Market are listed as Albemarle Corp., BASF SE, China National Petroleum Corporation (CNPC), W.R. Grace & Co., Qingdao Huicheng Environmental Technology Co., Ltd. (Hcpect), Jgc Catalysts and Chemicals Ltd, Johnson Matthey Plc, and China Petroleum & Chemical Corporation (Sinopec).