Syngas Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Feedstock (Coal, Natural Gas, Petroleum, Pet-coke, and Biomass), Technology (Steam Reforming, Partial Oxidation, Auto-thermal Reforming, Combined or Two-step Reforming, and Biomass Gasification), Gasifier Type (Fixed Bed, Entrained Flow, and Fluidized Bed), Application (Power Generation, Chemicals, Liquid Fuels, and Gaseous Fuel), and Geography (Asia-Pacific, North America, Europe, and Rest of the World)

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

Greater Than 10 %

Major Players:

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Market Overview

The market for syngas is expected to register CAGR of greater than 10% during the forecast period. 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 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.

Scope of the Report

The syngas market report includes:

Feedstock
Coal
Natural Gas
Petroleum
Pet-coke
Biomass
Technology
Steam Reforming
Partial Oxidation
Auto-thermal Reforming
Combined or Two-step Reforming
Biomass Gasification
Gasifier Type
Fixed Bed
Entrained Flow
Fluidized Bed
Application
Power Generation
Chemicals
Methanol
Ammonia
Oxo Chemicals
n-Butanol
Hydrogen
Dimethyl Ether
Liquid Fuels
Gaseous Fuels
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
Rest of the World
South America
Middle-East and Africa

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Key Market Trends

Chemicals Application to Dominate the Market

  • Chemical industry is the largest application of syngas. The chemical industry tends to use feed stocks that are the most economical to procure or produce.
  • Major economies of the world, like United States, China, and India, along with some African nations use coal as the raw material for the production of various chemicals, like methanol, hydrogen (H2), and carbon monoxide (CO). These are the building blocks for the manufacturing of a wide-range of derivative chemicals.
  • Developed during the 1920s, the syngas is the widely used feedstock for production of methanol. Methanol is produced from syngas in three stages. They are synthesis gas production, methanol synthesis, and methanol purification.
  • Moreover, n-butanol is one of the chief oxo-alcohols produced from the syngas, along with propene. N-butanol is used as an alternative to the ethanol as bio-fuel apart from its various other uses in plastic production.
  • Overall, with the increasing demand for these building-block materials, the consumption of syngas is projected to surge over the forecast period.

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Asia-Pacific to Drive the Market Demand

  • Asia-Pacific dominated the global market share, with rising demand from the chemical industry, primarily from refineries.
  • 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.
  • 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 is another largest oil consumer in the world. The demand for increasing refining capacity is primarily due to the growing demand for fuel. Increasing vehicle fleet, 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.
  • Such aforementioned factors are projected to increase the consumption of syngas during the forecast period.

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Competitive Landscape

The global syngas market is fragmented in nature. The key players in the market include Air Products and Chemicals Inc., the Linde Group, Air Liquide, and Sasol. Other prominent players in the market are Haldor Topsoe A/S, Shell, KBR Inc., among others.

Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Report

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Feedstock Flexibility for Syngas Production

      2. 4.1.2 Growing Demand for Electricity

      3. 4.1.3 Growing Chemical Industry

    2. 4.2 Restraints

      1. 4.2.1 High Capital Investment and Funding

    3. 4.3 Industry Value-chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Feedstock

      1. 5.1.1 Coal

      2. 5.1.2 Natural Gas

      3. 5.1.3 Petroleum

      4. 5.1.4 Pet-coke

      5. 5.1.5 Biomass

    2. 5.2 Technology

      1. 5.2.1 Steam Reforming

      2. 5.2.2 Partial Oxidation

      3. 5.2.3 Auto-thermal Reforming

      4. 5.2.4 Combined or Two-step Reforming

      5. 5.2.5 Biomass Gasification

    3. 5.3 Gasifier Type

      1. 5.3.1 Fixed Bed

      2. 5.3.2 Entrained Flow

      3. 5.3.3 Fluidized Bed

    4. 5.4 Application

      1. 5.4.1 Power Generation

      2. 5.4.2 Chemicals

        1. 5.4.2.1 Methanol

        2. 5.4.2.2 Ammonia

        3. 5.4.2.3 Oxo Chemicals

        4. 5.4.2.4 n-Butanol

        5. 5.4.2.5 Hydrogen

        6. 5.4.2.6 Dimethyl Ether

      3. 5.4.3 Liquid Fuels

      4. 5.4.4 Gaseous Fuels

    5. 5.5 Geography

      1. 5.5.1 Asia-Pacific

        1. 5.5.1.1 China

        2. 5.5.1.2 India

        3. 5.5.1.3 Japan

        4. 5.5.1.4 South Korea

        5. 5.5.1.5 Rest of Asia-Pacific

      2. 5.5.2 North America

        1. 5.5.2.1 United States

        2. 5.5.2.2 Canada

        3. 5.5.2.3 Mexico

      3. 5.5.3 Europe

        1. 5.5.3.1 Germany

        2. 5.5.3.2 United Kingdom

        3. 5.5.3.3 Italy

        4. 5.5.3.4 France

        5. 5.5.3.5 Rest of Europe

      4. 5.5.4 Rest of the World

        1. 5.5.4.1 South America

        2. 5.5.4.2 Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Air Products & Chemicals Inc.

      2. 6.4.2 Air Liquide

      3. 6.4.3 BASF SE

      4. 6.4.4 BP PLC

      5. 6.4.5 ECUST

      6. 6.4.6 John Wood Group PLC

      7. 6.4.7 General Electric Company

      8. 6.4.8 Haldor Topsoe A/S

      9. 6.4.9 KBR Inc.

      10. 6.4.10 The Linde Group

      11. 6.4.11 Royal Dutch Shell PLC

      12. 6.4.12 Sasol Limited

      13. 6.4.13 Siemens AG

      14. 6.4.14 TechnipFMC PLC

      15. 6.4.15 Yara International ASA

      16. 6.4.16 SynGas Technology LLC

      17. 6.4.17 OXEA GmbH

      18. 6.4.18 Dakota Gasification Company Inc.

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Utilization of Biomass and Municipal Waste

    2. 7.2 Development of Underground Coal Gasification Technology

** Subject to Availability

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