Syngas is defined as a fuel gas which is a mixture of hydrogen, carbon monoxide, and to some extent carbon dioxide. The mixture and resultant gasification produces syngas which can essentially be utilized as a fuel, in production of power and other chemicals. It generally comprises of carbon as it is sourced out from feedstock such as coal, petroleum, natural gas and others. Moreover, syngas is considered as the best substitute for the production of liquid and gaseous fuel. Syngas finds its application across various end use indsutries such as chemicals, power generation, liquid fuels amongst others.
MARKET DYNAMICS
The syngas and derivatives market has witnessed a significant growth owing to factors such as growing demand for electricity and fuels coupled with the environmental regulations to support the growth of clean technology. Furthermore, syngas is basically used in combined manufacture of power, chemicals, fuels, and feedstock flexibility is further expected to boost utilization. However, significant amount of capital investment is projected to hamper the syngas and derivatives market growth over the projected period. Moreover, the primary trend followed in the syngas and derivatives market is growing use of Underground Coal Gasification (UCG) Process along with growing demand for hydrogen as a clean fuel in transportation.
MARKET SCOPE
The "Global Syngas and Derivatives Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the syngas and derivatives market with detailed market segmentation by production technology, gasifier type, feedstock, application and end user industry and geography. The global syngas and derivatives market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading syngas and derivatives market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global syngas and derivatives market is segmented on the basis of production technology, gasifier type, feedstock, application and end user industry. On the basis of production technology, the syngas and derivatives market is segmented into steam reforming, partial oxidation, autothermal reforming, biomass gasification and others. The syngas and derivatives market on the basis of the gasifier type is classified into fixed (moving) bed gasifier, entrained flow gasifier, fluidized bed gasifier and others. The syngas and derivatives market on the basis of the feedstock is classified into coal, natural gas, petroleum byproducts, biomass/waste and others. The syngas and derivatives market on the basis of the application is classified into chemicals, fuel and electricity.
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 syngas and derivatives market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The syngas and derivatives market by each region is later sub-segmented by respective countries and segments. The 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 syngas and derivatives 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 for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the syngas and derivatives market in these regions.
MARKET PLAYERS
The reports cover key developments in the syngas and derivatives 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 payers from syngas and derivatives market are anticipated to lucrative growth opportunities in the future with the rising demand for Syngas and derivatives in the global market. Below mentioned is the list of few companies engaged in the Syngas and derivatives market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the syngas and derivatives 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.
- Air Liquide
- Air Products and Chemicals Inc.
- BASF SE
- Celanese Corporation (Linde PLC)
- Chiyoda Corporation
- Haldor Topsoe A/S
- KBR Inc.
- Mcdermott International, Inc.
- Mitsubishi Heavy Industries, Ltd
- Siemens AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.