Sri Lanka Fuel Catalyst Market Size, Share, Growth & Forecast 2025

MARKET INTELLIGENCE . CONSULTING

www.techsciresearch.com

SRI LANKA FUEL CATALYST MARKET

COMPETITION FORECAST & OPPORTUNITIES

2015 – 2025

2

Scope of ReportProduct of Interest (POI): Fuel Catalyst

Review Period

2015 – 2018

Base Year

2019

Estimated Year

2020

Forecast Period

2021 – 2025

Year Range

A fuel catalyst is a true catalyst which reformulates gasoline, diesel, fuel oil and propane allowing theuser to extract more energy from these fuels. By doing so the user can either increase performance, interms of horsepower and torque, or increase fuel efficiency by using less fuel to do the same amountof work. It can also produce a combination of both depending on the application. There are bothdiesel fuel catalysts and fuel catalysts for gasoline.

FUEL CATALYST MARKET

Market Segmentation

FUEL TYPE

• Diesel

• Petrol

• Fuel Oil

APPLICATION

• Heating & Industrial Processing

• Marine

• Construction

• Power Generation

• Automotive

• Others

REGION

• Central

• Southern

• Western

• North Western

• Rest of Sri Lanka

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Table of Contents

Contents

1. Product Overview: Fuel Catalyst

2. Research Methodology

3. Executive Summary

4. Voice of Customer

4.1. Product Awareness

4.2. Product Quality

4.3. Challenges and Unmet Needs

5. Sri Lanka Fuel Catalyst Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Fuel Type (Diesel, Petrol, Fuel Oil)

5.2.2. By Application (Heating & Industrial Processing, Marine, Construction, Power Generation, Automotive, Others)

5.2.3. By Company

5.2.4. By Region

5.3. Product Market Map

6. Central Sri Lanka Fuel Catalyst Market Outlook


6.1.1. By Value


6.2.1. By Fuel Type

6.2.2. By Application

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Table of Contents

Contents

7. Southern Sri Lanka Fuel Catalyst Market Outlook


7.1.1. By Value


7.2.1. By Fuel Type


8. Western Sri Lanka Fuel Catalyst Market Outlook


8.1.1. By Value


8.2.1. By Fuel Type


9. North Western Sri Lanka Fuel Catalyst Market Outlook


9.1.1. By Value


9.2.1. By Fuel Type


10. Rest of Sri Lanka Fuel Catalyst Market Outlook


10.1.1. By Value


10.2.1. By Fuel Type


5

Table of Contents

Contents

11. Import Export Analysis

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

14. Policy & Regulatory Landscape

15. Sri Lanka Economic Profile

16. Competitive Landscape

16.1. Competition Outlook

16.2. Company Profiles

17. Strategic Recommendations

18. About Us & Disclaimer

RESEARCH METHODOLOGY

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Research Methodology

✓ Identifying Key Opinion

Leaders

✓ Questionnaire Design

✓ In-depth Interviews

Data Collection

Developing List of Respondents

Formulating Questionnaire

Market Profiling

Data Validation

Data Analysis

In-depth secondary research was conducted to

determine top players in the Sri Lanka fuel catalyst

market, overall market size and segmental market size.

In order to conduct industry experts’

interviews, TechSci formulated a detailed

discussion guide.

List of industry players and industry

specialists was developed.

TechSci conducted interviews with

industry experts and industry players for data collection and

verification.

Data obtained as a result of primary and secondary research was

validated through rigorous

triangulation.

The data was scrutinized using MS-Excel, statistical

tools and internal proprietary database to obtain qualitative and

quantitative insights about the Sri Lanka fuel catalyst

market.

Data

Collection

Data Filter

& AnalysisResearch &

Intelligence

Actionable

InsightsBusiness

Solution

Primary Research Desk Research Company Analysis

✓ Recent Developments

✓ Market Changing

Aspects/Dynamics

✓ Government Policies

✓ Conclusion

✓ Market Participants

✓ Key Strengths

✓ LinkedIn✓ TechSci Internal

Database

✓ Factiva✓ Hoovers

Paid Sources

✓ Company Websites✓ Company Annual

Reports✓ White Paper Study✓ Financial Reports✓ Investor

Presentations✓ Regulatory Body✓ Associations, etc.

Secondary Research

Primary Research

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Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed various aspects of Sri Lanka fuel catalyst market. The team has analyzed the outlook

of various segments of this market, while considering the major influencing factors such as growing demand for fuel catalyst owing to its application in

other industries such construction, marine, automotive, among others. The study includes market forecasting, which would enable our clients to take

better decisions while planning their strategy to achieve sustainability in Sri Lanka fuel catalyst market.

Methodology Followed for Calculation of Market Size:

• Market Size by Value : Market size, in terms of value, for the year 2019 was calculated based on information collected through exhaustive secondary

research and primary surveys, with various key opinion leaders/stakeholders, such as fuel catalyst manufactures, suppliers, channel partners, end users,

industry experts, and other industry participants.

• The team interviewed more than 40 – 50 fuel catalyst manufactures, suppliers, 180 – 200 end users, and 15 – 20 industry experts and other value chain

stakeholders in the Sri Lanka fuel catalyst market to obtain the overall market size from 2015 to 2019, which was validated by the Delphi technique.

Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2015-2019.

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• Respondents were asked about the current and future market growth rates, market shares by fuel type, by application, by region and by company.

Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments

were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other

stakeholders.

Methodology Followed for Calculation of Market Shares:

Market shares by fuel type, by application, by region and by company were calculated based on the responses received through primary surveys with

industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of fuel catalyst market.

The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers.

Methodology Followed for Forecasting:

• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in

SPSS/Tableau Software.

• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Sri Lanka fuel

catalyst market, TechSci Research used various forecast techniques such as:

✓ Moving Average

✓ Time Series Analysis

✓ Regression Analysis

✓ Econometric and Judgmental Analysis

10


TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used

the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that

the figures compiled are only for the organized market including market share data.

Partial List of Companies Interviewed Key Secondary Sources

▪ Advanced Power System International Incorporation

(Fitch Fuel Catalyst)

▪ EnviroACES Inc

▪ Rentar Environmental Solutions, Inc.

▪ Rennsli Corporation

▪ Carbonflo Ltd

▪ FUEL CAT

▪ World Bank

▪ TechSci Research Proprietary Database & Knowledge

Repository

▪ Company Annual Reports

▪ Industry Magazines

▪ Industry Reports

▪ Statista

▪ News Dailies

▪ Credible Paid Databases

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Industry Brief

According to TechSci Research report, “Sri Lanka Fuel Catalyst Market By Fuel Type, By Application, By Region, Competition, Forecast &

Opportunities, 2025” the Sri Lanka fuel catalyst market is expected to grow at a steady rate during the forecast period owing to the increased

demand for diesel powered vehicles. However, presence of lesser number of companies manufacturing fuel catalysts can hamper the growth of

market during forecast period.

The Sri Lanka fuel catalyst market is segmented based on fuel type, application, company and regional distribution. Based on fuel type, the

market can be categorized into diesel, petrol and fuel oil. The diesel fuel catalyst type is expected to dominate the market during the next five

years since it increases fuel efficiency and reduces emissions to a greater degree. Based on application, the market can be fragmented into

heating & industrial processing, marine, construction, power generation, automotive and others. The automotive industry is expected to dominate

the market owing to the extensive use of fuel catalysts in off road engines, on road engines, among others.

Advanced Power System International Incorporation (Fitch Fuel Catalyst), EnviroACES Inc, Rentar Environmental Solutions, Inc., Rennsli

Corporation, Carbonflo Ltd, FUEL CAT and others are some of the leading players operating in Sri Lanka fuel catalyst market.

“Sri Lanka fuel catalyst market is projected to witness significant growth during the forecast years owing to the increasing number of vehicles in

the country. Additionally, growing need to improve fuel efficiency and decrease vehicular emissions on account of the growing environmental

concerns is further expected to fuel the market through 2025.” said Mr. Karan Chechi, Research Director with TechSci Research, a research

based global management consulting firm.

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Sample Data - Snapshot

5.0

0

6.0

0

7.0

0

8.0

0

9.0

0

10

.00

11

.00

12

.00

13

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14

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15

.00

2015 2019 2020E 2025F

By Value (USD Million)

Sri Lanka Fuel Catalyst Market Size, By Value (USD Million), 2015–2025F

CAGR BY VALUE: XX% CAGR BY VALUE: XX%

Sri Lanka Fuel Catalyst Market Share, By Company, By Value, 2019

100%15%

10%8%

5%4% 3% 3%

52%

Total Company 1 Company 2 Company 3 Company 4 Company 5 Company 6 Company 7 Others

Central Sri Lanka Fuel Catalyst Market Share, By Type, By Value, 2015–2025F

33%33%33%33%33%33%33%33%33%33%33%

33%33%33%33%33%33%33%33%33%33%33%

34%34%34%34%34%34%34%34%34%34%34%

2015

2016

2017

2018

2019

2020E

2021F

2022F

2023F

2024F

2025F

Diesel Petrol Fuel Oil

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Report Name: SRI LANKA FUEL CATALYST MARKET

COMPETITION FORECAST & OPPORTUNITIES2015 – 2025

https://www.techsciresearch.com/report/sri-lanka-fuel-catalyst-market/4487.html

About Us & Disclaimer

TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci

Research provides market research reports in number of areas to organizations. The company uses innovative business

models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting

models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a

unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of

company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.

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Partial List of Clients

The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation

is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been

obtained from various sources including which it considers reliable and firsthand. However, TechSci Research does not guarantee the

accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from

the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The

information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are

indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will

require prior approval of TechSci Research.

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Date post:	25-Sep-2020
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