About Fuel Catalysts
Fuel catalysts are a mechanical device (ultra high-pressure injectors) that increases fuel efficiency or gas mileage and reduces fuel emissions providing cleaner and fuel economy. It is a technology developed to improve internal combustion within the engine because heavy fuels are compacted, it requires advanced technologies for better performance. Continuous research and development in catalysts and its uses are growing hence fuel catalyst market is growing.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Fuel Catalysts market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Fuel Catalysts market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Fuel Catalysts market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Advanced Power Systems Inc. (Fitch Fuel Catalyst) (United States), Rentar Fuel Catalyst (United States), Nano Fusion International LLC (United States), FormulaPower/FuelCat Ltd. (United Kingdom), Innospec (United States), W. R. Grace & Co.Conn (United States), JGC Holdings Corporation (Japan), APC Automotive Technologies (United States), Johnson Matthey (United Kingdom), Elite Emission Products (Canada) and HJS Emission Technology GmbH & Co. KG (Germany) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are EnviroACES Inc. (Canada), Spitfire Fuel Catalyst (United Kingdom), D & Y Laboratories (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Fuel Catalysts market by Type (Homogeneous Catalyst, Heterogeneous Catalyst and Biocatalysts), Application (Off-Road Engines (Generators, Compressors, HEME), On-Road Engines (Buses, Trucks, Heavy Transport Vehicles), Boilers, Furnaces, Ovens and Others) and Region.
On the basis of geography, the market of Fuel Catalysts has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Verticals, the sub-segment i.e. Automotive Industry will boost the Fuel Catalysts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Diesel Fuel Catalyst will boost the Fuel Catalysts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Continuous Advancement and Innovations in Automotive Catalysts and Adoption of Nanotechnology in Catalysts Technology
Market Growth Drivers:
The Increasing Fuel Prices across the Globe, Stringent Government Regulations Associated Fuel Emission will boost the Fuel Catalysts Market and The Surging Demand for Fuel Catalyst from the Marine Industry
Challenges:
Regulatory Standards and Guidelines Imposed on the Fuel Catalyst
Restraints:
Increasing Production of Electric Vehicles Might Hamper the Fuel Catalyst Market
Opportunities:
The Emerging Demand Fuel Catalyst Products in Industrial Usage from Developing Countries
Market Leaders and their expansionary development strategies
In August 2020, Evonik acquired the Porocel Group for USD 210 million to accelerate the growth of its catalysts business. Based in Houston, Texas (USA), Porocel offers a technology for highly efficient rejuvenation of desulfurization catalysts, which are in increasing demand to produce low-sulfur fuel. Rejuvenation reduces carbon-dioxide emissions by more than 50 percent compared with the production of new desulfurization catalysts.
In July 2023, ART, a joint venture (JV) of Chevron and Grace, has launched ENDEAVOR, a hydroprocessing catalyst solution to produce renewable diesel and sustainable aviation fuel (SAF) from 100% renewable sources, such as vegetable oils, refined oils, animal fats, and greases. The announcement comes against the backdrop of significant demand growth for renewable transportation fuels.
"In the EU legislation, a positive ignition (PI) engine is the term used for the spark ignition (SI) engine, in which combustion is initiated by a localized energy supply unit from a source external to combustion. The majority of PI engines use gasoline (petrol) as fuel; other fuels, such as CNG (compressed natural gas) or liquefied petroleum gas (LPG), can also be employed in PI engines."
Key Target Audience
Fuel Catalysts Manufacturers, Fuel Catalysts International Traders, Fuel Catalysts Distributors and Suppliers, Research and Development Institutes, Potential Investors, Upstream and Downstream Buyers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.