Global Syngas Market Growth, Trends, and Forecast 2019-2024: Utilization of Biomass and Municipal Waste & Development of Underground Coal Gasification Technology - ResearchAndMarkets.com
The "Syngas
Market - Growth, Trends, and Forecast (2019 - 2024)" report has
been added to ResearchAndMarkets.com's offering.
The market for syngas is expected to grow at a CAGR of 11.02 % during
the forecast period of 2019 - 2024.
Major factors driving the market studied are feedstock flexibility for
syngas production and the growing chemical industry. High capital
investment and funding are expected to hinder the growth of the market
studied.
The demand from the chemical industry dominated the market in 2017 and
is expected to grow during the forecast period, owing to the increasing
demand from the chemical industry. The market is further expected to
grow, owing to the rising demand from gaseous fuels.
Development of underground coal gasification technology is likely to act
as an opportunity in the future.
Asia-Pacific dominated the market across the globe, with the largest
consumption, holding a lion's share in the market, followed by North
America and Europe.
Key Market Trends
Increasing Demand from Chemical Industry
Syngas is one of the widely used fuel gas mixtures, which primarily
consists of carbon monoxide and hydrogen. It is often used as fuel in
engines and its energy density is about half of natural gas.
Syngas is used to create synthetic natural gas (SNG). It is seen as a
viable alternative for usage as fuel in the form of LNG or CNG and it
can be used in road, rail, marine, and other transport.
Syngas can be used to fuel gas engines for various purposes, such as
power supply, where it can be used for benefits like low energy costs,
stability, and predictability.
Syngas can be used effectively for both heat and electrical supply, as
it can provide high electrical efficiency compared to other power
generation technologies, such as steam turbines. It requires less
pressure and its disposal is easier when it cannot be used for power or
heat generation.
The Demand from Asia-Pacific to Expand at a Lucrative Rate
Asia-Pacific dominated the global market share in 2017, with rising
demand from the chemical industry, primarily from refineries. China's
refinery capacity is about 14,177 thousand barrels per day, which
constitutes 14.6% of the world's refining capacity.
China is a hub for chemical processing, accounting for the majority of
chemicals produced, globally. With the growing global demand for various
chemicals, the demand for syngas from this sector is expected to
increase significantly during the forecast period. The Chinese oil and
gas sector is dominated by four national and provincial oil companies,
which include PetroChina, Sinopec, China National Offshore Oil
Corporation (CNOOC), and Yanchang Petroleum. PetroChina and Sinopec
account for 31% and 45% of the total crude oil refining capacity in the
country, respectively.
Moreover, the consumption of both liquid and gaseous fuels is increasing
exponentially in the country. This is expected to augment the syngas
market's growth over the forecast period. India was the third largest
oil consumer in the world in 2017.
Competitive Landscape
The global syngas market is fragmented, with key players including Air
Products and Chemicals Inc., the Linde Group, LAir Liquide SA, and
Sasol. The other major players in the market include Haldor Topsoe A/S,
Shell, KBR Inc., etc.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Feedstock Flexibility for Syngas Production
4.1.2 Growing Demand for Electricity
4.1.3 Growing Chemical Industry
4.2 Restraints
4.2.1 High Capital Investment and Funding
4.3 Industry Value-Chain Analysis
4.4 Industry Attractiveness - Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 End-user Industry
5.1.1 Power Generation
5.1.2 Chemicals
5.1.2.1 Methanol
5.1.2.2 Ammonia
5.1.2.3 Oxo Chemicals
5.1.2.4 N-Butanol
5.1.2.5 Hydrogen
5.1.2.6 Dimethyl Ether
5.1.3 Liquid Fuels
5.1.4 Gaseous Fuels
5.2 Feedstock
5.2.1 Coal
5.2.2 Natural Gas
5.2.3 Petroleum
5.2.4 Pet-coke
5.2.5 Biomass
5.3 Technology
5.3.1 Steam Reforming
5.3.2 Partial Oxidation
5.3.3 Auto-thermal Reforming
5.3.4 Combined or Two-step Reforming
5.3.5 Biomass Gasification
5.4 Gasifier Type
5.4.1 Fixed Bed
5.4.2 Entrained Flow
5.4.3 Fluidized Bed
5.5 Geography
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and
Agreements
6.2 Market Share Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Air Products & Chemicals Inc.
6.4.2 Air Liquide
6.4.3 BASF SE
6.4.4 BP PLC
6.4.5 ECUST
6.4.6 John Wood Group PLC
6.4.7 General Electric
6.4.8 Haldor Topsoe AS
6.4.9 KBR Inc.
6.4.10 The Linde Group
6.4.11 Royal Dutch Shell
6.4.12 Sasol
6.4.13 Siemens AG
6.4.14 TechnipFMC PLC
6.4.15 Yara
6.4.16 SynGas Technology LLC
6.4.17 OXEA GmbH
6.4.18 Dakota Gasification Company
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Utilization of Biomass and Municipal Waste
7.2 Development of Underground Coal Gasification Technology
For more information about this report visit https://www.researchandmarkets.com/research/db834g/global_syngas?w=4
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