TechNavio recognizes the following companies as the key players in Global Syngas Market: BASF SE, Kellogg, Brown, and Root Inc., Methanex Corp., Royal Dutch Shell plc, and Yara International SA.
Commenting on the report, an analyst from TechNavio’s team said: “The Global Syngas market is expected to witness higher consumption from the APAC region during the forecast period. Consumption in the APAC region is expected to be the highest compared to other regions such as North America. This is primarily due to increase in population leading to a greater demand for fuel and electricity. With thriving economies such as India and China posting high GDP growth rates, the demand for syngas and its chemical derivatives from industries is also expected to increase substantially during the forecast period. Moreover, several vendors are expected to set up production facilities to cater for such demands.”
According to the report, many drivers are contributing to the growth of the Global Syngas market, the most important of which is the flexibility in feedstock used in the production of syngas. Syngas can be produced from various sources such as coal, petroleum, gas, petcoke, and biomass. This flexibility in feedstock has contributed to the growth of the market.
Further, the report states that one of the major challenges in the market is the high investment cost. Developers of syngas production technology need to invest heavily in R&D for the introduction of a differentiated and cost-effective technology. This has led to increased investment costs for licensees of such technology.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-syngas-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report – Global Syngas Market 2014-2018
