Coal is an important fuel for generating energy around the world, whereas petroleum fuels are extensively used in vehicles. Furthermore, coal and petroleum fuels both contain large amounts of carbon (carbon-carbon bond (C-C) hydrocarbons, making coal conversion to liquid fuel more possible. Coal-to-liquid (CTL) technology, also known as coal liquefaction, is a method of producing liquid fuel from coal by either direct or indirect liquefaction. Coal is dissolved in a solvent at high temperatures and pressures, then hydrogenated to generate a high-quality, clean fuel suited for transportation.
MARKET DYNAMICS
The coal to liquid fuel market is driven by abundant coal availability, deteriorating petroleum reservoir levels, increased awareness of technical expertise related to the conversion process among industrialists, and the growth of the transportation sector in developing countries such as India and China. Because synthetic fuels made from coal conversion are cleaner (more environmentally friendly) than those made from natural reservoirs, demand for coal liquefaction has grown, thanks to widespread governmental support around the world.
MARKET SCOPE
The "Global Coal to Liquid Fuel Market Analysis To 2028" is a specialized and in-depth study of the technology, media, and telecommunications industry with a special focus on global market trend analysis. The coal to liquid fuel market report aims to provide an overview of the coal to liquid fuel market with detailed market segmentation by technology, application, and geography. The global coal to liquid fuel market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading coal to liquid fuel market player and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global coal to liquid fuel market is segmented based on fuel by technology, application. Based on technology, the coal to liquid fuel market is segmented into direct liquefaction, indirect liquefaction. Based on application, the coal to liquid fuel market is segmented into transportation fuel, cooking fuel, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global coal to liquid fuel market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The coal to liquid fuel market by each region is later sub-segmented by respective countries and segments. The coal to liquid fuel market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the coal to liquid fuel market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the coal to liquid fuel market in these regions.
IMPACT OF COVID-19 ON COAL TO LIQUID FUEL MARKET
The sudden outbreak of the COIVD-19 pandemic negatively impacted the growth of the global coal to liquid fuel market. The supply chain disruptions influenced the declined in investment and procurement of liquid fuel. Additionally, the stringent lockdown imposed by various government bodies across impacted the extraction of coal to liquid fuel thereby impacting the growth of the global coal to liquid fuel market.
MARKET PLAYERS
The reports cover key developments in the coal to liquid fuel market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from coal to liquid fuel market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the coal to liquid fuel market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the coal to liquid fuel market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-Shenhua Group
-Sasol Limited
-Linc Energy
-RAND Corporation
-Bumi plc
-Monash Energy
-Yitai Yili Energy Co.
-Celanese Corporation
-Altona Energy
-Envidity Energy Inc.