Fluid Catalytic Cracking Market Is Expected to Rise at a Remarkable CAGR by 2019
The increasing demand for petroleum has resulted in an increasing number of investments in petroleum refining activities by governments globally. A number of future plans for refinery construction and expansion are predicted to fuel the refining capacity, thus fuelling the demand for catalytic cracking processes. This is owing to the increasing usage of fluid catalytic cracking by refineries in order to bridge the supply-demand gap of a number of petroleum products including gasoline.
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