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Syngas Market Size 2021-2024: Business Strategy and Supply-Demand, Growth Outlook with Statistics, Growing Trends and Share Forecast Analysis

Syngas

The “Syngas Market” research report presents an in-depth analysis of the market size, growth, share, segments, manufacturers, and forecast, competition landscape, and growth opportunity. The research for the Global Syngas Market collects and analyzes numerical data related to services and products. This research gives you an idea of what your target audience needs to understand, need and want. Syngas Market research collects data about customers, marketing strategies, and competitors.

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Market Overview:

  • 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.
  • Top Key Players Are:

  • Air Products & Chemicals Inc.
  • Air Liquide
  • BASF SE
  • BP PLC
  • ECUST
  • John Wood Group PLC
  • General Electric
  • Haldor Topsoe AS
  • KBR Inc.
  • The Linde Group
  • Royal Dutch Shell
  • Sasol
  • Siemens AG
  • TechnipFMC PLC
  • Yara
  • SynGas Technology LLC
  • OXEA GmbH
  • Dakota Gasification Company

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    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 worlds 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 markets growth over the forecast period. India was the third largest oil consumer in the world in 2017. The country has 600 million metric ton (MMT) of oil reserves and 43.8 trillion cubic feet of natural gas reserves. However, it is focusing on increasing its domestic production. India’s refinery capacity is about 4,620 thousand barrel per day, constituting about 4.7% of the worlds refining capacity. In India, the demand for increasing refining capacity is primarily due to the growing demand for fuel. Increasing sales of passenger cars, replacement of LPG as a cooking fuel, increasing urbanization, along with demand for infrastructure and consumer goods, are some of the factors augmenting the demand for fuel. The aforementioned factors are projected to increase the consumption of syngas during the forecast period.

    Vital Pointers Counted:

    • Product consumption patterns
    • A valuation that each of these regions accounts for in the industry
    • Market share which every region holds
    • Consumption market share across the geographies
    • Product consumption growth rate
    • Geographical consumption rate

    Reasons to Purchase This Report: –

    • Analysing the outlook of the Syngas market with the recent trends and Porter’s five forces analysis
    • To study current and future market outlook in the developed and emerging markets
    • Market dynamics scenario, along with growth opportunities of the market in the years to come
    • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
    • Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
    • Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
    • Distribution Channel Sales Analysis by Value
    • Competitive landscape involving the market share of major players, along with the new product launch and strategies adopted by players in the past five years
    • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategy employed by the major market players

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    Detailed TOC of Syngas Market – Segmented by Geography – Growth, Trend, and Forecast:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    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
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Intensity of Competitive Rivalry

    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
    5.5.1 Asia-Pacific
    5.5.1.1 China
    5.5.1.2 India
    5.5.1.3 Japan
    5.5.1.4 South Korea
    5.5.1.5 Australia & New Zealand
    5.5.1.6 Rest of Asia-Pacific
    5.5.2 North America
    5.5.2.1 US
    5.5.2.2 Canada
    5.5.2.3 Mexico
    5.5.2.4 Rest of North America
    5.5.3 Europe
    5.5.3.1 Germany
    5.5.3.2 UK
    5.5.3.3 Italy
    5.5.3.4 France
    5.5.3.5 Spain
    5.5.3.6 Russia
    5.5.3.7 Rest of Europe
    5.5.4 South America
    5.5.4.1 Brazil
    5.5.4.2 Argentina
    5.5.4.3 Rest of South America
    5.5.5 Middle East & Africa
    5.5.5.1 Saudi Arabia
    5.5.5.2 South Africa
    5.5.5.3 Rest of Middle East & Africa

    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

     

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