The Syngas Market research report is a comprehensive and vital document encompassing business strategies, qualitative and quantitative analysis, and emerging trends of the global Syngas Market. The report offers in-depth research and assessment of the key elements of the global Syngas Market. The research analysts have formulated this report through thorough primary and secondary research with a detailed analysis of the drivers, restraints, challenges, trends, and opportunities to provide a panoramic view of the Syngas Market.
The market for syngas was valued at USD 48.71 billion in 2021 and is anticipated to grow at a 5.9% CAGR in terms of revenue during the forecast period. The demand for syngas is being driven by rising power generation investments worldwide and the quick uptake of the Underground coal gasification (UCG) technology. Additionally, rising consumer desire for alternative and renewable fuel sources is anticipated to boost market revenue development.
Underground coal is transformed into a variety of gaseous products using the UCG process. The main byproducts are methane, hydrogen, carbon monoxide, and carbon dioxide. Hydrogen and carbon monoxide are combined to form syngas, which can be converted into liquid fuel or synthetic natural gas. Drilled deep into the coal seam are wells used to inject and extract gas in UCG. In theory, air or oxygen can be pumped into a coal seam to create the gases, which are then extracted through separate wells and burned above ground at high pressure. With UCG, mining is no longer necessary, and with it come risks to miners and environmental harm.
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Global Syngas Market Report – Table of Contents:
Chapter 1 includes the global Syngas market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
Chapter 2 broadly categorizes the Syngas market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
Chapter 3 elaborates on the competitive outlook of the Syngas market, focusing on the major manufacturers and vendor landscape.
Chapter 4 exhaustively studies the key manufacturers of the Syngas industry, along with their anticipated sales and revenue shares.
Chapters 5 includes market segmentation based on product type, application range, and market players.
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Global Syngas Market Segmentation:
By Production Technology Outlook (Revenue, USD Billion, 2019–2030)
- Steam Reforming
- Partial Oxidation
- Auto-Thermal Reforming
- Two-step Reforming
- Biomass Gasification
Gasifier Type Outlook (Revenue, USD Billion, 2019–2030)
- Moving Bed Gasifier
- Fluidized Bed Gasifier
- Entrained Flow Gasifier
- Others
Feedstock Outlook (Revenue, USD Billion, 2019–2030)
- Coal
- Natural Gas
- Petroleum Byproducts
- Biomass
Competitive Outlook:
The global Syngas market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Syngas market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers acquisitions, new product launches, and joint ventures.
Some of the key participants in this industry include:
Air Products Inc., KBR Inc., Linde plc, Siemens, Haldor Topsoe A/S, Air Liquide, BASF SE, Synthesis Energy Systems, Inc., Dow Inc., and Sasol Limited
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Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
Regional Outlook of Syngas Market:
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
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