
Delayed Coker Unit Process Technology Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Description
Delayed Coker Unit Process Technology Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Delayed Coker Unit Process Technology Market
The delayed coker unit process technology market size was valued at USD 424.3 million in 2021, and the market is now projected to grow from USD 438.9 million in 2022 to USD 591.8 million by 2029, exhibiting a CAGR of 4.3% during the forecast period of 2022-2029.
During the COVID-19 pandemic, dropping oil prices due to overflow and demand contraction have undesirably affected the refining materials. The instant effects were a drop in rates for petroleum-based products. Delayed coker unit process technology has been extensively implemented in numerous refineries plants. It heats the residual oil feed to its current cracking temperature in a multi-parallel pass furnace to produce dissimilar recyclable products.
Heavy oil remains are formed during the processing plant production of automotive fuel. As progressively heavyweight crudes are handled, straight-run VR volumes are projected to upsurge. Therefore, plants must rely on hydrocracking and carbon refusal technologies to develop lighter hydrocarbon distillations, with the related costs.
The rising trend of treating heavy raw materials in delayed coker to acquire extreme yield of liquid products has managed to the making of coke with fuel grade that contains huge quantities of sulfur and metals.
As a vital mature treating technology of residue and other inferior heavy oil, the delayed coking technology has the benefits of robust adaptability to raw materials, low investment, and handling cost, augmented making of superior diesel fraction, and better-quality diesel/gasoline ratio. Over time, the procedure has become the ideal technology for refineries, specifically in handling economy heavy oil with high metal and carbon remains content. Tight refining ability and fuel demand are substantial causes for rising refining capacity. Growing refining capacity will probable to motivate the delayed coker unit process technology market growth.
Comprehensive Analysis of Delayed Coker Unit Process Technology Market
The market can be segmented in various ways, depending on the focus of analysis such as by type, by application. Based on type, the market is primarily split into single-fired delayed coker unit and dual-fired delayed coker unit. Based on application, the market is segmented into steel & cast iron, petroleum, and others.
Asia Pacific region is dominating the delayed coker unit process technology market share due to due to numerous factors such as promptly growing energy demand, the occurrence of refining plants, and upsurge in refining capacity, among other factors.
The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include Bechtel Corporation (U.S.), Lummus Technology (U.S.), Wood Plc (U.K.), CNPC (China), Sulzer (Switzerland), Honeywell UOP (U.S.), SUPCON (China), Worley Parsons Limited (Australia), MOGAS Industries (U.S.) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.
In September 2022, Lummus Technology declared substantial improvement to its External Air Preheater (LEAP) technology. The newest technological improvement benefits expressively to decrease the CO2 emissions from cracking heaters at ethylene plants and other fired heaters.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2018-2029
Base Year
2021
Estimated Year
2022
Forecast Period
2022-2029
Historical Period
2017-2019
Unit
Value (USD Million)
Segmentation
By Type, Application, and Region
Segmentation
By Type
Single-fired Delayed Coker Unit
Dual-fired Delayed Coker Unit
By Application
Steel & Cast Iron
Petroleum
Others
By Region
North America (By Type, By Application, and By Country)
- U.S.
- Canada
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Rest of Europe
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia Pacific
- Brazil
- Mexico
- Rest of Latin America
- Turkey
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Table of Contents
180 Pages
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions & Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Insight on Regulatory Landscape
- 4.4. Porters Five Forces Analysis
- 4.5. Impact of COVID-19 on the Delayed Coker Unit Process Technology Market
- 5. Global Delayed Coker Unit Process Technology Market (USD Million) Analysis, Insights, and Forecast, 2018-2029
- 5.1. Key Findings
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Single-fired Delayed Coker Unit
- 5.2.2. Dual-fired Delayed Coker Unit
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Steel & Cast Iron
- 5.3.2. Petroleum
- 5.3.3. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America
- 5.4.5. Middle East & Africa
- 6. North America Delayed Coker Unit Process Technology Market (USD Million) Analysis, Insights, and Forecast, 2018-2029
- 6.1. Key Findings
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Single-fired Delayed Coker Unit
- 6.2.2. Dual-fired Delayed Coker Unit
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Steel & Cast Iron
- 6.3.2. Petroleum
- 6.3.3. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
- 7. Europe Delayed Coker Unit Process Technology Market (USD Million) Analysis, Insights, and Forecast, 2018-2029
- 7.1. Key Findings
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Single-fired Delayed Coker Unit
- 7.2.2. Dual-fired Delayed Coker Unit
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Steel & Cast Iron
- 7.3.2. Petroleum
- 7.3.3. Others
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. Germany
- 7.4.2. France
- 7.4.3. UK
- 7.4.4. Italy
- 7.4.5. Russia
- 7.4.6. Nordic Countries
- 7.4.7. Rest of Europe
- 8. Asia Pacific Delayed Coker Unit Process Technology Market (USD Million) Analysis, Insights, and Forecast, 2018-2029
- 8.1. Key Findings
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Single-fired Delayed Coker Unit
- 8.2.2. Dual-fired Delayed Coker Unit
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Steel & Cast Iron
- 8.3.2. Petroleum
- 8.3.3. Others
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. Japan
- 8.4.3. South Korea
- 8.4.4. Southeast Asia
- 8.4.5. India
- 8.4.6. Australia
- 8.4.7. Rest of Asia Pacific
- 9. Latin America Delayed Coker Unit Process Technology Market (USD Million) Analysis, Insights, and Forecast, 2018-2029
- 9.1. Key Findings
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Single-fired Delayed Coker Unit
- 9.2.2. Dual-fired Delayed Coker Unit
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Steel & Cast Iron
- 9.3.2. Petroleum
- 9.3.3. Others
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
- 10. Middle East & Africa Delayed Coker Unit Process Technology Market (USD Million) Analysis, Insights, and Forecast, 2018-2029
- 10.1. Key Findings
- 10.2. Market Analysis, Insights and Forecast – By Type
- 10.2.1. Single-fired Delayed Coker Unit
- 10.2.2. Dual-fired Delayed Coker Unit
- 10.3. Market Analysis, Insights and Forecast – By Application
- 10.3.1. Steel & Cast Iron
- 10.3.2. Petroleum
- 10.3.3. Others
- 10.4. Market Analysis, Insights and Forecast – By Country
- 10.4.1. Turkey
- 10.4.2. Saudi Arabia
- 10.4.3. UAE
- 10.4.4. Rest of Middle East & Africa
- 11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2021
- 11.2. Company Profile
- 11.2.1. Bechtel Corporation
- 11.2.1.1. Business Overview
- 11.2.1.2. Product & Services Offerings
- 11.2.1.3. Financials (Based on Availability)
- 11.2.1.4. Recent Developments
- 11.2.2. Lummus Technology
- 11.2.2.1. Business Overview
- 11.2.2.2. Product & Services Offerings
- 11.2.2.3. Financials (Based on Availability)
- 11.2.2.4. Recent Developments
- 11.2.3. Wood Plc
- 11.2.3.1. Business Overview
- 11.2.3.2. Product & Services Offerings
- 11.2.3.3. Financials (Based on Availability)
- 11.2.3.4. Recent Developments
- 11.2.4. Honeywell UOP
- 11.2.4.1. Business Overview
- 11.2.4.2. Product & Services Offerings
- 11.2.4.3. Financials (Based on Availability)
- 11.2.4.4. Recent Developments
- 11.2.5. Worley Parsons Limited
- 11.2.5.1. Business Overview
- 11.2.5.2. Product & Services Offerings
- 11.2.5.3. Financials (Based on Availability)
- 11.2.5.4. Recent Developments
- 11.2.6. CNPC
- 11.2.6.1. Business Overview
- 11.2.6.2. Product & Services Offerings
- 11.2.6.3. Financials (Based on Availability)
- 11.2.6.4. Recent Developments
- 11.2.7. SUPCON
- 11.2.7.1. Business Overview
- 11.2.7.2. Product & Services Offerings
- 11.2.7.3. Financials (Based on Availability)
- 11.2.7.4. Recent Developments
- 11.2.8. MOGAS Industries
- 11.2.8.1. Business Overview
- 11.2.8.2. Product & Services Offerings
- 11.2.8.3. Financials (Based on Availability)
- 11.2.8.4. Recent Developments
- 11.2.9. Sulzer
- 11.2.9.1. Business Overview
- 11.2.9.2. Product & Services Offerings
- 11.2.9.3. Financials (Based on Availability)
- 11.2.9.4. Recent Developments
Pricing
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