Delayed Coker Unit Process Technology Market to Reach US$ 360 Mn Amid Rising Capacity Addition in Refineries – PRNewswire

NEW YORK, Feb. 28, 2022 /PRNewswire/ -- The global delayed coker unit (DCU) process technology market reached a valuation of US$ 295 Mn in 2022, exhibiting growth at a CAGR of1.3% during the forecast period (2022-2035).

Over the past few years, demand for DCU process technology in Middle East & Africa (MEA) has been on the rise due to refining capacity additions. As per Fact.MR, MEA accounted for over 90% capacity addition over the decade and the trend is likely to continue over the coming years. This is estimated to spur the sales of DCU process technology.

Backed by these, the delayed coker unit process technology market is anticipated to surpass US$ 360 Mn by the end of 2035.

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Further, increasing demand for energy coupled with a decrease in refining profitability is projected to drive the growth in the delayed coker unit process technology market. In addition to this, the simplicity of technology for offering high value in low investments is creating conducive environment for the market.

Moreover, stringent government regulations regarding carbon emission and advancement in the bottom-to-barrel operations by the refineries will drive the sales of DCU process technology.

Subsequently, the demand for the irreplaceable technology to convert heavy crude into lighter hydrocarbons to underpin the depleting crude oil reservoirs will continue propelling the growth.

Report Attributes

Details

Base Year Value (2020A)

US$ 295 Mn

Estimated Year Value (2025E)

US$ 311 Mn

Projected Year Value (2035F)

US$ 360 Mn

Global Growth Rate (2022-2035)

CAGR 1.3%

Key Takeaways:

Growth Drivers:

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Competitive Landscape:

Companies operating in the delayed coker unit process technology market are adopting various strategies including acquisitions, joint ventures, and collaborations to expand their business. Some of the key players are advancing their manufacturing activities to update their product lines and to strengthen their global footprint.

For instance,

Key Companies Profiled by Fact.MR

More valuable Insights on Delayed Coker Unit Process Technology Market

Fact.MR, in its report, offers a market analysis on the global flat glass market providing unbiased analysis for the forecast period of 2022 to 2035. This survey also reveals the growth of technology in the flat glass market with detailed segmentation as follows:

By Product Type:

By End Use:

By Region:

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Key Questions Covered in the Delayed Coker Unit Process Technology Market Report

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Delayed Coker Unit Process Technology Market to Reach US$ 360 Mn Amid Rising Capacity Addition in Refineries - PRNewswire