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Fuel Oil Catalyst: Introduction

  • Fuel catalyst is a mechanism that increases fuel efficiency and gas mileage; and decreases emissions. Fuel oil catalyst improves the combustibility of hydrocarbon fuels by treating them immediately before they enter the combustion chamber.
  • Fuel catalyst reformulates gasoline, diesel, fuel oil, propane, and natural gas, causing the reformulated fuels to produce more energy during combustion
  • The catalyst acts on impurity molecules in fuel, converting them into extremely active small molecules, which have the effect of cracking any long-chain paraffin to form lower molecular weight saturated alkanes. As a result, fuel burns cleaner and more completely, thus improving the combustion process. Fuel oil catalyst also has no moving parts and is maintenance-free.

Key Drivers of Global Fuel Oil Catalyst Market

  • Increase in demand for eco-friendly combustion of fuels is propelling the fuel oil catalyst market, as they help in enhancing fuel standards, increasing operational efficiency, and promoting clean fuel trends
  • Fuel catalysts can be used on any size of internal combustion engine. Thousands of engines worldwide, ranging from small 1/4 horsepower string trimmers to large commercial and marine engines in excess of 3,000 horsepower, use fuel catalysts. This has resulted in rapid growth of these catalysts across the upstream petroleum industry. The fuel oil catalyst market is expected to expand at a significant pace during the forecast period owing to rapid recovery of the global chemical industry.
  • The U.S. and countries in Asia Pacific and Europe have imposed stringent policies to control air pollution. As a result, the use of fuel oil catalysts has witnessed substantial growth in various industries.
  • On April 17, 2019, the European Parliament and the Council adopted Regulation (EU) 2019/631, setting CO2 emission performance standards for new passenger buses and light commercial vehicles (vans) in the EU for the period after 2020
  • On February 19, 2015, the EPA issued a Direct Final Rule to clarify regulations for light-duty Tier 3 motor vehicle emissions and fuel standards and for several other mobile source regulations
  • Catalysts are primarily used in heavy duty and light duty vehicles to control emission and increase fuel efficiency
  • Development of unconventional oil reserves is expected to provide lucrative growth opportunities to the global fuel oil catalyst market. For instance, the processing of shale oil in North America has resulted in large numbers of metal contaminants and heat balance issues. This is likely to propel the fuel oil catalyst market.

Global Fuel Oil Catalyst Market: Segmentation

  • The global fuel oil catalyst market can be segmented in terms of type and application
  • Based on type, the global market can be segmented into diesel fuel catalyst and gasoline fuel catalyst. The diesel fuel catalyst segment is expected to dominate the global market between 2021 and 2031.
  • In terms of application, the global fuel oil catalyst market can be classified into off-road engines, on-road engines, marine, and boilers, furnaces, and ovens. Among these, the on-road engines segment is projected to expand at the maximum CAGR during the forecast period, due to higher demand for on-road vehicles across the globe.

Global Fuel Oil Catalyst Market: Regional Segmentation

  • Based on region, the global fuel oil catalyst market can be classified into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa
  • Asia Pacific held major share of the global fuel oil catalyst market in 2020. The market in the region is expected to expand at a significant rate during the forecast period, as countries such as China, Japan, and India witness high demand for fuel oil catalyst in automobile industry due to implementation of stringent environmental norms regarding pollution created by the automobile industry in the region. In terms of consumption, China holds major share of the market in the region. 
  • The market in North America is expected to expand at a significant CAGR during the forecast period. The U.S. is expected to lead the fuel oil catalyst market in North America during the forecast period.

COVID-19 Impact on Fuel Oil Catalyst Market

  • The COVID-19 pandemic has put the world economy in major distress. Demand for on-road and off-road vehicles has been negatively impacted. This has resulted in lower demand for fuel oil catalysts. However, relaxation of lockdowns is expected to boost the demand for automobiles at a gradually pace. This is expected to propel the sale of fuel oil catalysts in the near future.

Key Players Operating in Global Market:

  • Haldor Topsoe A/S
  • Axens
  • Johnson Matthey
  • Süd-Chemie
  • Albemarle Corporation
  • ExxonMobil Corporation
  • Organica Biotech Pvt. Ltd.
  • Rentar Environmental Solutions, Inc.
  • D and Y laboratories
  • Nano Fusion International LLC

Global Fuel Oil Catalyst Market: Research Scope

Global Fuel Oil Catalyst Market, by Type

  • Diesel Fuel Catalyst
  • Gasoline Fuel Catalyst

Global Fuel Oil Catalyst Market, by Application

  • Off-road Engines
  • On-road Engines
  • Marine
  • Boilers, Furnaces, and Ovens

Global Fuel Oil Catalyst Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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