Gas to liquid (GTL) is a refinery process where the natural gas is converted into the longest chain hydrocarbon such as diesel fuel or gasoline. This process is generally used to convert methane-rich gases into high-quality liquid synthetic fuels. The rising concerns for the depletion of fossil fuel and the increase in the demand for alternative sources of energy are predicted to boost the growth of the gas to liquid (GTL) market over the forecast period.
MARKET DYNAMICSÂ
Rise in the demand for the Fischer tropsch (FT) in order to monetize the fossil fuels which are about to extinct or inaccessible for use is likely to raise the demand for the technology are driving the growth of gas to liquid market. However, shift towards adoption of renewable energy generation technologies may restrain the growth of gas to liquid market. Furthermore, conversion of methane-rich gases into the liquid synthetic fuel is anticipated to create a market opportunity for gas to liquid market during the forecast period.
MARKET SCOPE
The "Global Gas to Liquid Market Analysis To 2028" is a specialized and in-depth study of the energy and power industry with a special focus on the global market trend analysis. The gas to liquid market report aims to provide an overview of the gas to liquid market with detailed market segmentation by technology, application, and geography. The global gas to liquid market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading gas to liquid market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global gas to liquid market is segmented on the basis of technology and application. Based on technology, the gas to liquid market is segmented into: fisher-tropsch synthesis and methanol synthesis. On the basis of application, the gas to liquid market is segmented into: gasoline, lubricants, and 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 gas to liquid 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 gas to liquid market by each region is later sub-segmented by respective countries and segments. The gas to liquid 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 gas to liquid 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 gas to liquid market in these regions.
IMPACT OF COVID-19 ON GAS TO LIQUID MARKET
The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic had a negative impact on the gas to liquid market. The gas to liquid market is witnessing a negative impact on the demand due to the outbreak of the COVID-19 pandemic. On the basis of the gas to liquid market analysis, the global market will manifest a lower growth in the year 2020, as compared to the average year-on-year growth from 2016 to 2019. The global gas to liquid market has suffered from loss due to a huge gap in the supply-demand chain for the hydrocarbon products and along with that due to the restricted drilling and production procedure, there is huge scarcity in the availability of the raw materials which is likely to hinder the growth of the market. Moreover, the decline in the demand for diesel, fuel, gasoline, and kerosene due to the complete lockdown in the residential, commercial, transportation, and industrial places has hampered the growth of the gas to liquid market.
MARKET PLAYERS
The reports cover key developments in the gas to liquid 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 gas to liquid 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 gas to liquid market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the gas to liquid 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.
-Chevron Corporation
-Compact GTL
-Gas Techno
-Linc Energy
-ORYX GTL
-Royal Dutch Shell
-Sasol Limited
-Petro SA
-Primus Green Energy
-Velocys PLC