Syngas & Derivatives Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027 Segmented By Production Technology (Partial Oxidation, Steam Reforming, Autothermal Reforming, Biomass Gasification, Others), By Gasifier Type (Entrained Flow Gasifier, Fixed (Moving) Bed Gasifier, Fluidized Bed Gasifier, Others), By Feedstock (Natural Gas, Coal, Petroleum By Produc
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationSyngas & Derivatives Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027 Segmented By Production Technology (Partial Oxidation, Steam Reforming, Autothermal Reforming, Biomass Gasification, Others), By Gasifier Type (Entrained Flow Gasifier, Fixed (Moving) Bed Gasifier, Fluidized Bed Gasifier, Others), By Feedstock (Natural Gas, Coal, Petroleum By Produc
Global Syngas & Derivatives Market stood at USD248.89 billion in 2021 and is expected to grow at a CAGR of 6.27% during the forecast period due to increasing use of syngas in chemical industry and syngas’ use as a clean alternative to fossil fuel. Synthesis gas is a catch-all name for unprocessed gas made from hydrocarbon feedstocks, with primary constituents being hydrogen and carbon monoxide and secondary constituents being CO2, methane, etc. Syngas is a necessary step in the production of gasoline, chemicals, and fertilizers. Examples of important derivatives include methanol, ammonia, high-speed diesel, polymers, etc. It is an intermediate product that can be further processed in several ways to yield various energy outputs, including electricity and high-quality gaseous or liquid fuels that can be used as transportation fuels.
Government Inclination Towards Syngas
The governments of different nations are adopting several actions to reduce greenhouse gases, which are the primary culprits behind global warming. The Indian government recently gave instructions to Coal India Ltd (CIL) and Singareni Collieries Company Ltd (SCCL) to add a new subsector regarding the auction of coal linkages to the Non-Regulated Sector and to establish a separate auction window for the allocation of coal linkages to coal gasification projects (NRS). The Coal Block Allocation Rules, 2017 of India have already designated the production of Syngas as one of the end-use sectors.
Mergers and Acquisitions in Asia Pacific Region
To enhance their market share, companies in the global syngas and derivatives industry are investing in inorganic growth techniques. For instance, in order to build, own, and operate a successful coal-to-syngas processing facility in Jiangsu Province, China, Air Products and Debang Xinghua Technology Co. Ltd. established a joint venture (JV) in 2019. Air Products owns 80% of the JV, which has its headquarters in Lianyungang City's Xuwei National Petrochemical Park, and the Debang Group owns 20%. Leigh Creek Energy, another firm, secured USD18 million in funding in 2021 for a project in South Australia to generate syngas and electricity. Similarly, in 2019 Geismar, Louisiana, US-based Praxair, a wholly owned subsidiary of Linde PLC, opened a syngas plant.
Research on Syngas Fermentation using Bibliometrics
Carbon cycling and valorization can be replaced by syngas fermentation, which uses microorganisms to convert H2, CO, and CO2 into acids and alcohols. An evaluation of the intellectual landscape of the subject is done using a bibliometric study and a search query (SQ) that covers all essential papers on syngas fermentation. The SQ is validated using a preliminary bibliometric analysis and a review of the titles and abstracts of all sources. Research on syngas fermentation is currently receiving a lot of attention since it intends to boost microorganism productivity by changing their metabolism and enhancing the bioreactor's working environment.
European and American Gasification Trends
According to the terms of a contract signed on July 23, 2020, NextChem and US carbon recycling company LanzaTech have been granted licences to use the "Waste to Ethanol" syngas fermentation process line. In a similar vein, a waste gasification facility with a 1.5 MW pressurised fluidized bed started producing clean syngas in Birmingham, United Kingdom, in 2020. This syngas can be used to produce power, heat, hydrogen, and liquid biofuels. In order to demonstrate integrated gasification and pyrolysis at a CHP plant, BioShare, a Swedish firm, recently obtained funding (USD1.72 million, 2020–2024).
DOWNLOAD FREE SAMPLE REPORT
Market Segmentation
The Global Syngas & Derivatives Market is segmented
Company Profiles
Linde PLC,
| Attribute | Details |
| Market size value in 2021 | USD248.89 Billion |
| Revenue Forecast in 2027 | USD345.32 Billion |
| United States Market Size Value in 2021 | USD 24.05 Billion |
| Growth Rate | 6.27% |
| Base Year | 2021 |
| Historical Years | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Billion, Volume and CAGR for 2017-2021 and 2022E-2027F |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Production Technology · Gasifier Type · Feedstock |
| Regional Scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
| Country Scope | United States; Canada; Mexico; Russia; France; United Kingdom; Germany; Italy; China; India; Japan; South Korea; Australia; Brazil; Argentina; South Africa; Saudi Arabia; UAE |
| Key Companies Profiled | Linde PLC, Air Liquide S.A., Air Products and Chemicals, Inc, Yingde Gases Group Company, Sasol Limited, Saudi Aramco Oil Company, TechnipFMC PLC, Messe Group GmbH, Haldor Topsoe A/s, Nippon Sanso Holdings Corporation |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy