This market research includes a detailed segmentation of the global syngas market by end user (chemical, liquid fuel, power generation, and gaseous fuel) and by feedstock (coal, natural gas, petroleum and by-products, and biomass/waste). It also outlines the market shares for key regions such as the Americas, APAC, and EMEA. The leading vendors analyzed in this report are Dakota, General Electric, Sasol, and Royal Dutch Shell.
Technavio has released a new market research report on the global syngas market, which is expected to grow at a CAGR of 14%between 2016 and 2020. High demand for industrial chemicals, fuels, agriculture products, and electricity across the globe has boosted the demand for syngas. Also, growing environmental concerns has increases the use of cleaner fuels, thereby accelerating the growth of syngas market. APAC is the largest revenue-contributing region in the global syngas market, and is expected to occupy around 75% of the market’s revenue by 2020. The economic sourcing and reduced manufacturing costs allows the vendors in this region to increase the number of plant installations. APAC is the largest producer of syngas due to the high demand for power sources and abundant availability of coal
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Of late, the market is witnessing increased usage of underground coal gasification (UCG), owing to its environmental and economic benefits. Technological developments in well drilling have enabled the deployment of UCG, and have increased the environmental protection and process efficiency. Underground gasification is advantageous in terms of feedstock (coal) and pressure range compared to an aboveground gasifiers. Moreover, UCG is also a low-carbon-emitting technology for power generation and it reduces GHG emissions by almost 20%,” says Vishu Rai, Lead Analyst, Energy, Technavio Research
Technavio market research analysts have estimated the coal segment to account for a market share of more than 69% by 2020. The abundant availability of coal reserves and the stable price of this resource have been driving the prospects for growth in this market segment. Also, the environmental benefit of coal gasification is one of the primary drivers for this market segment as it can achieve extremely low sulfur oxide and nitrogen oxide emission levels.
Global syngas market by coal as feedstock 2015-2020 (MW)
Source: Technavio, 2016
The leading vendors in the global syngas market are Dakota, General Electric, Sasol, and Royal Dutch Shell. The market is fragmented due to the presence of numerous major syngas producers, production technology licensors, and producers of the syngas derivatives such as ammonia, methanol, hydrogen, N-butanol, and dimethyl ether. Since many countries witness a huge demand for syngas in the chemicals segment, several vendors are expected to set up production facilities to cater to such demand in these regions.
A more detailed analysis is available in the Technavio report, Global Syngas Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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