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Growth of Global Refinery FCC Capacity is mostly due to capacity additions in Asia-Pacific and Middle East and Africa
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Refinery Fluid Catalytic Cracking Units - Global MarketAnalysis, Capacity Forecasts and Competitive Landscape to 2016
Growth of Global Refinery FCC Capacity is mostly due to capacity additions in Asia-Pacific and Middle East and Africa The global refinery FCC capacity, has witnessed an appreciable growth during the period 2000-2010 at an Annual Average Growth Rate (AAGR) of 2.1%, mainly due to the increasing refinery FCC capacity addition by the Asia-Pacific, Middle East and African countries. However, this growth is expected to slow down to 0.9% in the next six years. The declining demand of gasoline and light products in Europe and the growing use of ethanol as transport fuel in North America have hampered the growth of refinery FCC capacity in these regions. At the same time, the booming demand for gasoline products in Asia Pacific and the Middle East and Africa, has increased the refinery FCC capacity in these regions. During the Last Five Years, India and China have been Important Contributors to the Growth of Refinery FCC Capacity Globally, India and China have emerged as the growth engines of refinery FCC capacity. The two countries have added refinery FCC capacity of 43.0 MMtpa during the period 2005-2010, which is 43.0% of the global refinery FCC capacity. The FCC capacity in China and India is attributed to the strong demand growth of gasoline and light products in Asia Pacific and the Middle East. India and China have become net exporters of gasoline and other light products to these regions. The commencement of Jamnagar refinery II and Essar Refinery in India and the expansion of Dalian refinery, Hainan refinery and start of Qingdao and Qingyang
refinery in China during the period 2005-2010, have boosted the domestic refinery FCC capacity of the two countries. Decline in Gasoline Demand in Europe and the US Will Hinder Growth of Refinery FCC Capacity by 2016 The continual dieselization in Europe and the rising use of ethanol as a transportation fuel in the US, along with strict fuel efficiency standards there, have reduced the demand of refinery FCC capacity in Europe and North America. Refinery FCC capacity in Europe will see a marginal increase during the period 2011-2016. The top five countries in Europe with the highest refinery FCC capacity with the exception of Russia will see a net decline over the next five years. For further details, please click or add the below link to your browser: http://www.globaldata.com/reportstore/Report.aspx?ID=Refinery-Fluid-Catalytic-Cracking-Units-Global-Market-Analysis-Capacity-Forecasts-and-Competitive-Landscape-to-2016&Title=Energy_and_Utilities&ReportType=Industry_Report The falling demand of gasoline in the US has resulted in a decline of gasoline imports since late 2006.
According to the Joint Organizations Data Initiative (JODI), the gasoline imports in the US have declined annually by 3.1% since 2006. This trend is likely to continue in the future, which will discourage the growth of refinery FCC capacity in North America during the period 2011-2016.The modest decrease in the refinery FCC capacity of North America, which has a major share in the existing global refinery FCC capacity, will have a regressive impact on the global refinery FCC capacity by 2016. Large International Oil Companies Gradually Exiting the Refinery FCC Market Large companies including ExxonMobil, Valero Energy and ConocoPhilips have shown a decline in refinery FCC capacity during the period 2000-2010. This has been mainly due to the fall in demand for gasoline in North America and Europe, and slow demand recovery, post the economic recession of 2009. The trend is likely to continue into the near future as these companies have no expansion plans up to 2016. The top five companies account for 26.1% of the current global refinery FCC capacity. Global Data’s new report, “Refinery Fluid Catalytic Cracking Units - Global Market Analysis, Capacity Forecasts and Competitive Landscape to 2016” is a comprehensive report on the global refinery Fluid Catalytic Cracking (FCC) market. The report provides information on global refinery FCC capacity growth
and also highlights the key trends and issues in the global FCC market. The report provides in depth analysis of the global refinery FCC market with focus on the growth of refinery FCC capacity by region, major companies engaged in different markets and FCC capacity comparisons of key countries, globally. The report also forecasts refinery FCC capacity to 2016 and discusses capacity addition through planned and expansion of existing refinery FCC units across different regions globally. The report also highlights the FCC operations of some key refining companies globally. For further details, please click or add the below link to your browser: http://www.globaldata.com/reportstore/Report.aspx?ID=Refinery-Fluid-Catalytic-Cracking-Units-Global-Market-Analysis-Capacity-Forecasts-and-Competitive-Landscape-to-2016&Title=Energy_and_Utilities&ReportType=Industry_Report Visit our report store: http://www.globaldata.com For more details contact: pressreleases@globaldata.com North America: +1 646 395 5477 Europe: +44 207 753 4299 +44 1204 543 533 Asia Pacific: +91 40 6616 6782