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

1. 2015 – 2025 SRI LANKA FUEL CATALYST MARKET COMPETITION FORECAST & OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

2. Scope of Report Product of Interest (POI): Fuel Catalyst A fuel catalyst is a true catalyst which reformulates gasoline, diesel, fuel oil and propane allowing the user to extract more energy from these fuels. By doing so the user can either increase performance, in terms of horsepower and torque, or increase fuel efficiency by using less fuel to do the same amount of work. It can also produce a combination of both depending on the application. There are both diesel fuel catalysts and fuel catalysts for gasoline. Market Segmentation FUEL CATALYST MARKET FUEL CATALYST MARKET Year Range FUEL TYPE REGION Diesel Petrol Fuel Oil Central • • Review Period Southern • • 2015 – 2018 Western • • North Western • Base Year APPLICATION Rest of Sri Lanka • 2019 Heating & Industrial Processing Marine Construction Power Generation Automotive Others • • Estimated Year • 2020 • Forecast Period • • 2021 – 2025 2

3. 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) By Application (Heating & Industrial Processing, Marine, Construction, Power Generation, Automotive, Others) By Company 5.2.2. 5.2.3. 5.2.4. By Region 5.3. Product Market Map 6. Central Sri Lanka Fuel Catalyst Market Outlook 6.1. Market Size & Forecast 6.1.1. By Value 6.2. Market Share & Forecast 6.2.1. By Fuel Type 6.2.2. By Application 3

4. Table of Contents Contents 7. Southern Sri Lanka Fuel Catalyst Market Outlook 7.1. Market Size & Forecast 7.1.1. By Value 7.2. Market Share & Forecast 7.2.1. By Fuel Type 7.2.2. By Application 8. Western Sri Lanka Fuel Catalyst Market Outlook 8.1. Market Size & Forecast 8.1.1. By Value 8.2. Market Share & Forecast 8.2.1. By Fuel Type 8.2.2. By Application 9. North Western Sri Lanka Fuel Catalyst Market Outlook 9.1. Market Size & Forecast 9.1.1. By Value 9.2. Market Share & Forecast 9.2.1. By Fuel Type 9.2.2. By Application 10. Rest of Sri Lanka Fuel Catalyst Market Outlook 10.1. Market Size & Forecast 10.1.1. By Value 10.2. Market Share & Forecast 10.2.1. By Fuel Type 10.2.2. By Application 4

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 5

6. RESEARCH METHODOLOGY

7. Research Methodology Market Profiling Data Analysis Data Data Developing List of Respondents Formulating Questionnaire Collection Validation In-depth secondary research was conducted to determine top players in the Sri Lanka fuel catalyst market, overall market size and segmental market size. 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 obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Primary Research Desk Research Company Analysis ✓ ✓ Recent Developments Market Changing Aspects/Dynamics Government Policies Conclusion ✓ ✓ Market Participants Key Strengths ✓ Identifying Key Opinion Leaders Questionnaire Design In-depth Interviews Actionable Insights Data Filter & Analysis Business Solution Research & Intelligence Data Collection ✓ ✓ ✓ ✓ Primary Research Secondary Research Paid Sources LinkedIn TechSci Internal Database Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc. Factiva Hoovers ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ 7

8. Research Methodology 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. 8

9. Research Methodology 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 ✓ 9

10. Research Methodology 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 World Bank ▪ ▪ (Fitch Fuel Catalyst) TechSci Research Proprietary Database & Knowledge ▪ EnviroACES Inc Repository ▪ Rentar Environmental Solutions, Inc. Company Annual Reports ▪ ▪ Rennsli Corporation Industry Magazines ▪ ▪ Carbonflo Ltd Industry Reports ▪ ▪ FUEL CAT Statista ▪ ▪ News Dailies ▪ Credible Paid Databases ▪ 10

11. 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. 11

12. Sample Data - Snapshot Sri Lanka Fuel Catalyst Market Size, By Value (USD Million), 2015–2025F 15.00 14.00 13.00 12.00 11.00 10.00 9.00 8.00 7.00 6.00 5.00 2015 2019 2020E 2025F CAGR BY VALUE: XX% CAGR BY VALUE: XX% By Value (USD Million) Sri Lanka Fuel Catalyst Market Share, By Company, By Value, 2019 100% 52% 15% 10% 8% 5% 4% 3% 3% 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 Diesel Petrol Fuel Oil 33% 33% 34% 2025F 33% 33% 34% 2024F 33% 33% 34% 2023F 33% 33% 34% 2022F 33% 33% 34% 2021F 33% 33% 34% 2020E 33% 33% 34% 2019 33% 33% 34% 2018 33% 33% 34% 2017 33% 33% 34% 2016 33% 33% 34% 2015 12

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