DUBLIN, September 23, 2021--(BUSINESS WIRE)--The "Sri Lanka Fuel Catalyst Market, By Fuel Type (Diesel, Petrol, Fuel Oil), By Application (Heating & Industrial Processing, Marine, Construction, Power Generation, Automotive, Others), By Region, Competition, Forecast & Opportunities, 2027" report has been added to ResearchAndMarkets.com's offering.
Sri Lanka fuel catalyst market is expected to grow at a steady rate during the forecast years.
The Sri Lanka fuel catalyst market is driven by the increasing demand for fuel catalysts from various end user industries such as oil & gas, power, automotive, chemical, among others. 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 type is expected to dominate the market since it is a heavy density fossil fuel and heavy fuels are denser and oxygenating heavy fuel requires more advanced technologies to produce a clean burn such as fuel catalyst, ultra-high pressure injectors, among others, thereby propelling the market in the country.
Companies operating in the market are using both organic and inorganic strategies to increase their share in the market. Inorganic strategies employed by companies include mergers and acquisition, collaboration, among others.
Major players operating in the Sri Lanka fuel catalyst market include
Advanced Power System International Incorporation (Fitch Fuel Catalyst)
Rentar Environmental Solutions, Inc
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2026
Sri Lanka Fuel Catalyst Market, By Fuel Type:
Sri Lanka Fuel Catalyst Market, By Application:
Heating & Industrial Processing
Sri Lanka Fuel Catalyst Market, By Region:
For more information about this report visit https://www.researchandmarkets.com/r/mssn6d
View source version on businesswire.com: https://www.businesswire.com/news/home/20210923005584/en/
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