Syngas & Derivatives Market Synopsis
Syngas & Derivatives Market Size Was Valued at USD 220.92 Billion in 2023, and is Projected to Reach USD 520.92 Billion by 2032, Growing at a CAGR of 10.00% From 2024-2032.
Another name for syngas is synthesis gas and it is a fuel gas with well-known composition formed of hydrogen, carbon monoxide, and at times carbon dioxide. It is produced by gasification of a carbon containing fuel to a gaseous product of some heating value. Syngas is intermediate compound widely used further for the production of chemical derivatives such as methanol, ammonia and synthetic natural gas and for the Fischer-Tropsch synthesis to obtain liquid hydrocarbon. It can be formulated on the basis of specific downstream processes, thus strengthening its importance as a component in reactions of the chemical and energy sectors.
- The syngas (synthesis gas) and derivatives market is a strategically important area of the global Energy and Chemical Industry based on its versatility and global importance. Syngas is a gas mixture, which comprises mainly carbon monoxide and hydrogen created by steam reforming, gasification, and hydrocarbon, biomass, or coal partial oxidation. Its versatility is in the fact that it can act as a starting platform for a various high-stakes chemicals and fuels, advancing at the same time energy security and sustainability processes.
- The process for production of syngas is a combination of many trans with different feeds and products according to the production targets. The most widely used process known as steam reforming, involves using natural gas or methane and steam, with a catalyst, to form hydrogen and carbon monoxide. Gasification involves using feedstock such as coal, bio mass or municipal waste and using high temperature and limited amount of oxygen or steam to produce syngas .
- The syngas market is then expected to rise due to the higher energy demands, innovations in the gasification and reforming techniques and a focus on fossil fuel diversification. Syngas can be utilised in chemical synthesis and also in creation of liquid fuels like SNG and syn diesel. Furthermore, business-using methanol produced from syngas such as agriculture, chemicals, and pharmaceutical industries, ammonia, and synthetic hydrocarbons.
- Based on the geographical perspective, the syngas market is envision to cover the various regions of North America, Europe, Asia Pacific, and the Middle East and Africa. Every area has its unique tendencies that are affected by feedstock supply, stringent regulatory requirements as well as the construction of infrastructures. For example, while North America and Europe have been identified as pioneering markets for technologies used in syngas production for chemical manufacture as well as for energy, Asia-Pacific is forecast to become a fast-growing market influenced by fast-growing industrialization coupled with the need for energy.
- However, there are quite some limitations to the syngas market which consist of; The capital cost of gasification and reforming stations is very high Fluctuations in the regulatory framework in different countries Due to the production process of syngas, there are environmental problems such as carbon emissions and waste disposal. But the further research and development of the ways to increase process efficiencies, reduce CO 2 emissions while searching for new feedstock, which should help to overcome these obstacles and to define the future market growth.
- Towards the future, the syngas and derivatives market has promising future growth held by breakthrough in gasification technologies, escalating investments in renewal feedstock and changing over resourceful legislations for cleaner energy market. Continued and sustained development of an EU circular economy, together with syngas complementing biomethane and hydrogen, has the potential for increased growth. Therefore, technological considerations for stakeholders involve creating adequate technological progress strategies, the exploration of new markets, and the building of strategic relations along the value chain that can help grab new client demands and new alteration in regulative frameworks.
- Altogether, the syngas and its derivatives market is an active segment relevant to the global energy shift and industrial decarbonization processes. Thus, being widely used in different industries at the present and with the further development of the technology, syngas remains a critical asset of the global processes in the energy and chemicals industries.
Syngas & Derivatives Market Trend Analysis
Increasing Adoption of Renewable Feedstocks
- The factors that have made the use of renewable feedstocks in the Syngas and Derivatives market has been informed by global ecological concerns in the use of renewable feedstocks was due to the following reasons for usage; Globally, there is an increasing shift towards environmental cohon which aimed at reduction of emission of carbon the volatile nature of fossil fuels. Other raw materials, for example biomass, municipal solid wastes, and agricultural residues are environmentally friendly as opposed to the traditionally used fossil based resources. National and international bodies are enhancing environmental standards and encouraging the utilization of renewable feed stocks, which in turn is accelerating the growth of the market. New technologies in Gasification therefore make it economically viable to synthesize syngas from renewable input feed stocks and use it and or its byproducts in industries.
- Further, the growing attention towards the utilization of clean energy sources along with that the elements of circular economy have led industries towards investing in renewable carbon for synthesizing syngas. Henceforth, there are keen interests to discover ways and means, as well as find strategic partners for utilizing renewable resources for the accomplishment of long term business objectives and for minimizing the impact on the environment. It is this trend that is expected to further cause the growth and expansion of the Syngas and Derivatives market as it is in the renewable energy industry as a whole.
Advancements in Chemical Synthesis and Derivative Production
- The Syngas & Derivatives Market is seeing tremendous growth and innovation mainly due to improvement in chemical synthesis and derivative production. The recent advances are directed toward the improvement of the selectivity and yield for syngas which plays a role of a key intermediate for generating numerous chemicals, fuels, and fertilizers. New advances in the field of gasification especially concerning the fuel inputs which can range from biomass and waste to conventional natural gases have made it possible for firms to minimize the conventional fossil fuel requirements and greenhouse gas emissions.
- In particular, progress in catalyses is optimising the conversion and selectivity of syngas and its higher derivatives such as methanol, ammonia, and synthetic natural gas (SNG). Thus, the application of AI and ML in improving processes involved in syngas production has enabled the expansion of scalability in its production. These are accompanied by escalating research and development investments due to the ever growing need for cleaner and environmentally friendly chemical processes. Consequently, the syngas and derivatives market is set for higher growth and will bring impacts on such industries as chemical, energy, agriculture and other related sectors.
Syngas & Derivatives Market Segment Analysis:
Syngas & Derivatives Market Segmented based on Feedstock Type, Gasifier Type, Derivatives , and Application.
By Derivatives, Ammonia segment is expected to dominate the market during the forecast period
- The syngas and derivatives market is further divided into syngas and its major derivatives which are ammonia, methanol, hydrogen, fischer-tropsch products, dimethyl ether, synthetic natural gas and others. The usage of ammonia is mainly in the production of fertilizers, and other industrial processes that propel its consumption. Methanol is widely used as a feedstock in production of formaldehyde, acetic acid, and olefins, which is used as feedstock in production of almost all chemicals, fuels and plastics. Need for Hydrogen, which is utilized in refining processes and clean power application and hydrogen fuel cells is seeing more demand due to green hydrogen production. Fischer-Tropsch processes comprise conversion of the syngas into liquid fuels and waxes as a substitute energy source.
- DME is used instead of diesel and LPG being used for transportation and power generation. SNG is Synthetic natural gas which can be used as an alternative energy source to natural gas and usually contain it. Other derivative products such as different chemicals and intermediates also add on to the market. Therefore, the syngas and derivatives market is steered by the demand for cleaner energy sources, industrial uses of syngas, and the ability to manufacture a host of useful derivatives from syngas.
By Application, Fertilizers segment held the largest share in 2023
- The Syngas & Derivatives Market, according to application, is segregated into Chemicals, Fuels, Power Generation, Fertilizers, Other Gaseous Fuels, Other Liquid Fuels & other applications. In chemicals sector syngas find application in production of ammonia, methanol and other industrial chemicals, thus underlining significant demand. Syngas plays an important role in the production of SNG, diesel, and gasoline in fuels as the world looks for cleaner fuels. The power generation application uses syngas in IGCC systems for power generation where syngas proves helpful in increasing efficiency and decreasing emissions in electricity generation. In the case of fertizers, syngas is a key in the production of ammonia – an ingredient of nitrogenous fertilizers — that enhances agriculture.
- The market of gaseous fuels, like hydrogen, find advantage in the presence of syngas as it plays an important role in the production of hydrogen which is very crucial in many industrial applications and the new hydrogen economy. Methanol and Fischer-Tropsch liquids produced from syngas can be used as economically and environmentally suitable replacements for conventional fossil fuels. At last, the remaining section comprises the residual usages also known as ‘others’ including the synthesis of artificial fibers and fabrics, fuel sources, and conversion of waste to energy sources using syngas proving its efficacy in many fields.
Syngas & Derivatives Market Regional Insights:
Asia Pacific is Expected to Dominate the Market Over the Forecast period
- The Asia Pacific area is expected to hold the largest share in the Syngas & Derivatives Market during the forecast period as a result of the fast pace of industrialization, specifically in China and India besides the Southeast Asian countries. The use of syn gas with more efficiency especially in the manufacturing of chemicals, fertilizers, and liquid fuels, improved energy usage and the need for clean energy rather than the traditional fuel continue to drive the markets forward.
- Also, the accessibility of coal as well as natural gas feed stocks for syngas production in the region strengthens its position. Supportive government policies and policies invested in enhancing the communication technologies in Asia Pacific also aids in the strong growth of the syngas and derivatives market along with the participation of key players and favourable rules and regulations. Hence, the region has been envisaged to retain its pole position with the dynamic triangular relationship between technology, growth, and the increasing demand for renewable energy.
Active Key Players in the Syngas & Derivatives Market
- Air Products and Chemicals Inc (USA)
- BASF SE (Germany)
- The Linde Group (Germany)
- Air Liquide S.A. (France)
- Dow Chemical Company (USA)
- Shell Global Solutions International B V (Netherlands)
- Mitsubishi Heavy Industries, Ltd. (Japan)
- General Electric Company (USA)
- Siemens AG (Germany)
- TechnipFMC plc (UK)
- Other Key Players
Global Syngas & Derivatives Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 220.92 Bn. |
Forecast Period 2024-32 CAGR: |
10.00% |
Market Size in 2032: |
USD 520.92 Bn. |
Segments Covered: |
By Feedstock Type |
|
|
By Gasifier Type |
|
||
By Derivatives |
|
||
By Application |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
|
Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Syngas & Derivatives Market by Feedstock Type
4.1 Syngas & Derivatives Market Snapshot and Growth Engine
4.2 Syngas & Derivatives Market Overview
4.3 Coal
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Coal: Geographic Segmentation Analysis
4.4 Natural Gas
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 Natural Gas: Geographic Segmentation Analysis
4.5 Biomass
4.5.1 Introduction and Market Overview
4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.5.3 Key Market Trends, Growth Factors and Opportunities
4.5.4 Biomass: Geographic Segmentation Analysis
4.6 Petroleum Refinery
4.6.1 Introduction and Market Overview
4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.6.3 Key Market Trends, Growth Factors and Opportunities
4.6.4 Petroleum Refinery: Geographic Segmentation Analysis
Chapter 5: Syngas & Derivatives Market by Gasifier Type
5.1 Syngas & Derivatives Market Snapshot and Growth Engine
5.2 Syngas & Derivatives Market Overview
5.3 Fixed Bed
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Fixed Bed: Geographic Segmentation Analysis
5.4 Fluidized Bed
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Fluidized Bed: Geographic Segmentation Analysis
5.5 Entrained Flow
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Entrained Flow: Geographic Segmentation Analysis
Chapter 6: Syngas & Derivatives Market by Derivatives
6.1 Syngas & Derivatives Market Snapshot and Growth Engine
6.2 Syngas & Derivatives Market Overview
6.3 Ammonia
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Ammonia: Geographic Segmentation Analysis
6.4 Methanol
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Methanol: Geographic Segmentation Analysis
6.5 Hydrogen
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Hydrogen: Geographic Segmentation Analysis
6.6 Fischer-Tropsch
6.6.1 Introduction and Market Overview
6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.6.3 Key Market Trends, Growth Factors and Opportunities
6.6.4 Fischer-Tropsch: Geographic Segmentation Analysis
6.7 Dimethyl Ether (DME)
6.7.1 Introduction and Market Overview
6.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.7.3 Key Market Trends, Growth Factors and Opportunities
6.7.4 Dimethyl Ether (DME): Geographic Segmentation Analysis
6.8 Synthetic Natural Gas (SNG)
6.8.1 Introduction and Market Overview
6.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.8.3 Key Market Trends, Growth Factors and Opportunities
6.8.4 Synthetic Natural Gas (SNG): Geographic Segmentation Analysis
6.9 Others
6.9.1 Introduction and Market Overview
6.9.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.9.3 Key Market Trends, Growth Factors and Opportunities
6.9.4 Others : Geographic Segmentation Analysis
Chapter 7: Syngas & Derivatives Market by Application
7.1 Syngas & Derivatives Market Snapshot and Growth Engine
7.2 Syngas & Derivatives Market Overview
7.3 Chemicals
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Chemicals: Geographic Segmentation Analysis
7.4 Fuels
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Fuels: Geographic Segmentation Analysis
7.5 Power Generation
7.5.1 Introduction and Market Overview
7.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.5.3 Key Market Trends, Growth Factors and Opportunities
7.5.4 Power Generation: Geographic Segmentation Analysis
7.6 Fertilizers
7.6.1 Introduction and Market Overview
7.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.6.3 Key Market Trends, Growth Factors and Opportunities
7.6.4 Fertilizers: Geographic Segmentation Analysis
7.7 Gaseous Fuels
7.7.1 Introduction and Market Overview
7.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.7.3 Key Market Trends, Growth Factors and Opportunities
7.7.4 Gaseous Fuels: Geographic Segmentation Analysis
7.8 Liquid Fuels
7.8.1 Introduction and Market Overview
7.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.8.3 Key Market Trends, Growth Factors and Opportunities
7.8.4 Liquid Fuels: Geographic Segmentation Analysis
7.9 Others
7.9.1 Introduction and Market Overview
7.9.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.9.3 Key Market Trends, Growth Factors and Opportunities
7.9.4 Others: Geographic Segmentation Analysis
Chapter 8: Company Profiles and Competitive Analysis
8.1 Competitive Landscape
8.1.1 Competitive Benchmarking
8.1.2 Syngas & Derivatives Market Share by Manufacturer (2023)
8.1.3 Industry BCG Matrix
8.1.4 Heat Map Analysis
8.1.5 Mergers and Acquisitions
8.2 AIR PRODUCTS
8.2.1 Company Overview
8.2.2 Key Executives
8.2.3 Company Snapshot
8.2.4 Role of the Company in the Market
8.2.5 Sustainability and Social Responsibility
8.2.6 Operating Business Segments
8.2.7 Product Portfolio
8.2.8 Business Performance
8.2.9 Key Strategic Moves and Recent Developments
8.2.10 SWOT Analysis
8.3 CHEMICALS INC (USA)
8.4 BASF SE (GERMANY)
8.5 THE LINDE GROUP (GERMANY)
8.6 AIR LIQUIDE S.A. (FRANCE)
8.7 DOW CHEMICAL COMPANY (USA)
8.8 SHELL GLOBAL SOLUTIONS INTERNATIONAL B V (NETHERLANDS)
8.9 MITSUBISHI HEAVY INDUSTRIES
8.10 LTD. (JAPAN)
8.11 GENERAL ELECTRIC COMPANY (USA)
8.12 SIEMENS AG (GERMANY)
8.13 TECHNIPFMC PLC (UK)
8.14 OTHER KEY PLAYERS
Chapter 9: Global Syngas & Derivatives Market By Region
9.1 Overview
9.2. North America Syngas & Derivatives Market
9.2.1 Key Market Trends, Growth Factors and Opportunities
9.2.2 Top Key Companies
9.2.3 Historic and Forecasted Market Size by Segments
9.2.4 Historic and Forecasted Market Size By Feedstock Type
9.2.4.1 Coal
9.2.4.2 Natural Gas
9.2.4.3 Biomass
9.2.4.4 Petroleum Refinery
9.2.5 Historic and Forecasted Market Size By Gasifier Type
9.2.5.1 Fixed Bed
9.2.5.2 Fluidized Bed
9.2.5.3 Entrained Flow
9.2.6 Historic and Forecasted Market Size By Derivatives
9.2.6.1 Ammonia
9.2.6.2 Methanol
9.2.6.3 Hydrogen
9.2.6.4 Fischer-Tropsch
9.2.6.5 Dimethyl Ether (DME)
9.2.6.6 Synthetic Natural Gas (SNG)
9.2.6.7 Others
9.2.7 Historic and Forecasted Market Size By Application
9.2.7.1 Chemicals
9.2.7.2 Fuels
9.2.7.3 Power Generation
9.2.7.4 Fertilizers
9.2.7.5 Gaseous Fuels
9.2.7.6 Liquid Fuels
9.2.7.7 Others
9.2.8 Historic and Forecast Market Size by Country
9.2.8.1 US
9.2.8.2 Canada
9.2.8.3 Mexico
9.3. Eastern Europe Syngas & Derivatives Market
9.3.1 Key Market Trends, Growth Factors and Opportunities
9.3.2 Top Key Companies
9.3.3 Historic and Forecasted Market Size by Segments
9.3.4 Historic and Forecasted Market Size By Feedstock Type
9.3.4.1 Coal
9.3.4.2 Natural Gas
9.3.4.3 Biomass
9.3.4.4 Petroleum Refinery
9.3.5 Historic and Forecasted Market Size By Gasifier Type
9.3.5.1 Fixed Bed
9.3.5.2 Fluidized Bed
9.3.5.3 Entrained Flow
9.3.6 Historic and Forecasted Market Size By Derivatives
9.3.6.1 Ammonia
9.3.6.2 Methanol
9.3.6.3 Hydrogen
9.3.6.4 Fischer-Tropsch
9.3.6.5 Dimethyl Ether (DME)
9.3.6.6 Synthetic Natural Gas (SNG)
9.3.6.7 Others
9.3.7 Historic and Forecasted Market Size By Application
9.3.7.1 Chemicals
9.3.7.2 Fuels
9.3.7.3 Power Generation
9.3.7.4 Fertilizers
9.3.7.5 Gaseous Fuels
9.3.7.6 Liquid Fuels
9.3.7.7 Others
9.3.8 Historic and Forecast Market Size by Country
9.3.8.1 Bulgaria
9.3.8.2 The Czech Republic
9.3.8.3 Hungary
9.3.8.4 Poland
9.3.8.5 Romania
9.3.8.6 Rest of Eastern Europe
9.4. Western Europe Syngas & Derivatives Market
9.4.1 Key Market Trends, Growth Factors and Opportunities
9.4.2 Top Key Companies
9.4.3 Historic and Forecasted Market Size by Segments
9.4.4 Historic and Forecasted Market Size By Feedstock Type
9.4.4.1 Coal
9.4.4.2 Natural Gas
9.4.4.3 Biomass
9.4.4.4 Petroleum Refinery
9.4.5 Historic and Forecasted Market Size By Gasifier Type
9.4.5.1 Fixed Bed
9.4.5.2 Fluidized Bed
9.4.5.3 Entrained Flow
9.4.6 Historic and Forecasted Market Size By Derivatives
9.4.6.1 Ammonia
9.4.6.2 Methanol
9.4.6.3 Hydrogen
9.4.6.4 Fischer-Tropsch
9.4.6.5 Dimethyl Ether (DME)
9.4.6.6 Synthetic Natural Gas (SNG)
9.4.6.7 Others
9.4.7 Historic and Forecasted Market Size By Application
9.4.7.1 Chemicals
9.4.7.2 Fuels
9.4.7.3 Power Generation
9.4.7.4 Fertilizers
9.4.7.5 Gaseous Fuels
9.4.7.6 Liquid Fuels
9.4.7.7 Others
9.4.8 Historic and Forecast Market Size by Country
9.4.8.1 Germany
9.4.8.2 UK
9.4.8.3 France
9.4.8.4 Netherlands
9.4.8.5 Italy
9.4.8.6 Russia
9.4.8.7 Spain
9.4.8.8 Rest of Western Europe
9.5. Asia Pacific Syngas & Derivatives Market
9.5.1 Key Market Trends, Growth Factors and Opportunities
9.5.2 Top Key Companies
9.5.3 Historic and Forecasted Market Size by Segments
9.5.4 Historic and Forecasted Market Size By Feedstock Type
9.5.4.1 Coal
9.5.4.2 Natural Gas
9.5.4.3 Biomass
9.5.4.4 Petroleum Refinery
9.5.5 Historic and Forecasted Market Size By Gasifier Type
9.5.5.1 Fixed Bed
9.5.5.2 Fluidized Bed
9.5.5.3 Entrained Flow
9.5.6 Historic and Forecasted Market Size By Derivatives
9.5.6.1 Ammonia
9.5.6.2 Methanol
9.5.6.3 Hydrogen
9.5.6.4 Fischer-Tropsch
9.5.6.5 Dimethyl Ether (DME)
9.5.6.6 Synthetic Natural Gas (SNG)
9.5.6.7 Others
9.5.7 Historic and Forecasted Market Size By Application
9.5.7.1 Chemicals
9.5.7.2 Fuels
9.5.7.3 Power Generation
9.5.7.4 Fertilizers
9.5.7.5 Gaseous Fuels
9.5.7.6 Liquid Fuels
9.5.7.7 Others
9.5.8 Historic and Forecast Market Size by Country
9.5.8.1 China
9.5.8.2 India
9.5.8.3 Japan
9.5.8.4 South Korea
9.5.8.5 Malaysia
9.5.8.6 Thailand
9.5.8.7 Vietnam
9.5.8.8 The Philippines
9.5.8.9 Australia
9.5.8.10 New Zealand
9.5.8.11 Rest of APAC
9.6. Middle East & Africa Syngas & Derivatives Market
9.6.1 Key Market Trends, Growth Factors and Opportunities
9.6.2 Top Key Companies
9.6.3 Historic and Forecasted Market Size by Segments
9.6.4 Historic and Forecasted Market Size By Feedstock Type
9.6.4.1 Coal
9.6.4.2 Natural Gas
9.6.4.3 Biomass
9.6.4.4 Petroleum Refinery
9.6.5 Historic and Forecasted Market Size By Gasifier Type
9.6.5.1 Fixed Bed
9.6.5.2 Fluidized Bed
9.6.5.3 Entrained Flow
9.6.6 Historic and Forecasted Market Size By Derivatives
9.6.6.1 Ammonia
9.6.6.2 Methanol
9.6.6.3 Hydrogen
9.6.6.4 Fischer-Tropsch
9.6.6.5 Dimethyl Ether (DME)
9.6.6.6 Synthetic Natural Gas (SNG)
9.6.6.7 Others
9.6.7 Historic and Forecasted Market Size By Application
9.6.7.1 Chemicals
9.6.7.2 Fuels
9.6.7.3 Power Generation
9.6.7.4 Fertilizers
9.6.7.5 Gaseous Fuels
9.6.7.6 Liquid Fuels
9.6.7.7 Others
9.6.8 Historic and Forecast Market Size by Country
9.6.8.1 Turkey
9.6.8.2 Bahrain
9.6.8.3 Kuwait
9.6.8.4 Saudi Arabia
9.6.8.5 Qatar
9.6.8.6 UAE
9.6.8.7 Israel
9.6.8.8 South Africa
9.7. South America Syngas & Derivatives Market
9.7.1 Key Market Trends, Growth Factors and Opportunities
9.7.2 Top Key Companies
9.7.3 Historic and Forecasted Market Size by Segments
9.7.4 Historic and Forecasted Market Size By Feedstock Type
9.7.4.1 Coal
9.7.4.2 Natural Gas
9.7.4.3 Biomass
9.7.4.4 Petroleum Refinery
9.7.5 Historic and Forecasted Market Size By Gasifier Type
9.7.5.1 Fixed Bed
9.7.5.2 Fluidized Bed
9.7.5.3 Entrained Flow
9.7.6 Historic and Forecasted Market Size By Derivatives
9.7.6.1 Ammonia
9.7.6.2 Methanol
9.7.6.3 Hydrogen
9.7.6.4 Fischer-Tropsch
9.7.6.5 Dimethyl Ether (DME)
9.7.6.6 Synthetic Natural Gas (SNG)
9.7.6.7 Others
9.7.7 Historic and Forecasted Market Size By Application
9.7.7.1 Chemicals
9.7.7.2 Fuels
9.7.7.3 Power Generation
9.7.7.4 Fertilizers
9.7.7.5 Gaseous Fuels
9.7.7.6 Liquid Fuels
9.7.7.7 Others
9.7.8 Historic and Forecast Market Size by Country
9.7.8.1 Brazil
9.7.8.2 Argentina
9.7.8.3 Rest of SA
Chapter 10 Analyst Viewpoint and Conclusion
10.1 Recommendations and Concluding Analysis
10.2 Potential Market Strategies
Chapter 11 Research Methodology
11.1 Research Process
11.2 Primary Research
11.3 Secondary Research
Global Syngas & Derivatives Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 220.92 Bn. |
Forecast Period 2024-32 CAGR: |
10.00% |
Market Size in 2032: |
USD 520.92 Bn. |
Segments Covered: |
By Feedstock Type |
|
|
By Gasifier Type |
|
||
By Derivatives |
|
||
By Application |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
|
Frequently Asked Questions :
The forecast period in the Syngas & Derivatives Market research report is 2024-2032.
Air Products and Chemicals, Inc. (USA),BASF SE (Germany),The Linde Group (Germany),Air Liquide S.A. (France),Dow Chemical Company (USA),Shell Global Solutions International B.V. (Netherlands),and Other Major Players.
The Syngas & Derivatives Market is segmented into Feedstock Type, Gasifier Type, Derivatives , Application and Region. By Feedstock Type, the market is categorized into Coal,Natural Gas,Biomass,Petroleum Refinery .By Gasifier Type, the market is categorized into Fixed Bed,Fluidized Bed,Entrained Flow.By Derivatives, the market is categorized into Ammonia,Methanol,Hydrogen,Fischer-Tropsch ,Dimethyl Ether (DME),Synthetic Natural Gas (SNG),Others. By Application, the market is categorized into Chemicals,Fuels,Power Generation,Fertilizers,Gaseous Fuels,Liquid Fuels,Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Another name for syngas is synthesis gas and it is a fuel gas with well-known composition formed of hydrogen, carbon monoxide, and at times carbon dioxide. It is produced by gasification of a carbon containing fuel to a gaseous product of some heating value. Syngas is intermediate compound widely used further for the production of chemical derivatives such as methanol, ammonia and synthetic natural gas and for the Fischer-Tropsch synthesis to obtain liquid hydrocarbon. It can be formulated on the basis of specific downstream processes, thus strengthening its importance as a component in reactions of the chemical and energy sectors.
Syngas & Derivatives Market Size Was Valued at USD 220.92 Billion in 2023, and is Projected to Reach USD 520.92 Billion by 2032, Growing at a CAGR of 10.00% From 2024-2032.