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Market Overview:
Key Market Trends:
Increasing Demand from Chemical Industry
Syngas is one of the widely used fuel gas mixtures, which primarily consists of carbon monoxide and hydrogen. It is often used as fuel in engines and its energy density is about half of natural gas.
Syngas is used to create synthetic natural gas (SNG). It is seen as a viable alternative for usage as fuel in the form of LNG or CNG and it can be used in road, rail, marine, and other transport.
Syngas can be used to fuel gas engines for various purposes, such as power supply, where it can be used for benefits like low energy costs, stability, and predictability.
Syngas can be used effectively for both heat and electrical supply, as it can provide high electrical efficiency compared to other power generation technologies, such as steam turbines. It requires less pressure and its disposal is easier when it cannot be used for power or heat generation.
The Demand from Asia-Pacific to Expand at a Lucrative Rate
Asia-Pacific dominated the global market share in 2017, with rising demand from the chemical industry, primarily from refineries. China’s refinery capacity is about 14,177 thousand barrels per day, which constitutes 14.6% of the worlds refining capacity. China is a hub for chemical processing, accounting for the majority of chemicals produced, globally. With the growing global demand for various chemicals, the demand for syngas from this sector is expected to increase significantly during the forecast period. The Chinese oil and gas sector is dominated by four national and provincial oil companies, which include PetroChina, Sinopec, China National Offshore Oil Corporation (CNOOC), and Yanchang Petroleum. PetroChina and Sinopec account for 31% and 45% of the total crude oil refining capacity in the country, respectively. Moreover, the consumption of both liquid and gaseous fuels is increasing exponentially in the country. This is expected to augment the syngas markets growth over the forecast period. was the third largest oil consumer in the world in 2017. The country has 600 million metric ton (MMT) of oil reserves and 43.8 trillion cubic feet of natural gas reserves. However, it is focusing on increasing its domestic production. ‘s refinery capacity is about 4,620 thousand barrel per day, constituting about 4.7% of the worlds refining capacity. In , the demand for increasing refining capacity is primarily due to the growing demand for fuel. Increasing sales of passenger cars, replacement of LPG as a cooking fuel, increasing urbanization, along with demand for infrastructure and consumer goods, are some of the factors augmenting the demand for fuel. The aforementioned factors are projected to increase the consumption of syngas during the forecast period.
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Major Key Players are as Follows
Scope of the Report:
Geographical Regions:
– China – – Japan – South Korea – Australia & New Zealand – United States – Canada – Mexico – Germany – United Kingdom – Italy – France – Spain – Russia – Brazil – Argentina – Saudi Arabia – South Africa.
Topics such as sales and sales revenue overview, production market share by product type, capacity and production overview, import, export, and consumption are covered under the development trend section of the Syngas market report.
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Reasons to Purchase Syngas Market Report Covered:
- The report examines how Syngas market will develop in the future.
- Studying various views of the Syngas market with the help of Porter’s five forces analysis.
- Analyzing the product type that is probable to control the market and regions that are likely to witness the fastest development during the forecast period
- Identify the new developments, Syngas market shares and strategies employed by the key market players.
- Competitive landscape including the market share of major players along with the key strategies accepted for growth in the past five years
- Complete company profiles covering the product offerings, key financial information, current developments, SWOT analysis and strategies employed by the major Syngas market players
Detailed TOC of Syngas Market – Growth, Trends, and Forecast (2019 – 2024)
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Feedstock Flexibility for Syngas Production
4.1.2 Growing Demand for Electricity
4.1.3 Growing Chemical Industry
4.2 Restraints
4.2.1 High Capital Investment and Funding
4.3 Industry Value-Chain Analysis
4.4 Industry Attractiveness – Porter’s Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 End-user Industry
5.1.1 Power Generation
5.1.2 Chemicals
5.1.2.1 Methanol
5.1.2.2 Ammonia
5.1.2.3 Oxo Chemicals
5.1.2.4 N-Butanol
5.1.2.5 Hydrogen
5.1.2.6 Dimethyl Ether
5.1.3 Liquid Fuels
5.1.4 Gaseous Fuels
5.2 Feedstock
5.2.1 Coal
5.2.2 Natural Gas
5.2.3 Petroleum
5.2.4 Pet-coke
5.2.5 Biomass
5.3 Technology
5.3.1 Steam Reforming
5.3.2 Partial Oxidation
5.3.3 Auto-thermal Reforming
5.3.4 Combined or Two-step Reforming
5.3.5 Biomass Gasification
5.4 Gasifier Type
5.4.1 Fixed Bed
5.4.2 Entrained Flow
5.4.3 Fluidized Bed
5.5 Geography
5.5.1 Asia-Pacific
5.5.1.1 China
5.5.1.2
5.5.1.3 Japan
5.5.1.4 South Korea
5.5.1.5 Australia & New Zealand
5.5.1.6 Rest of Asia-Pacific
5.5.2 North America
5.5.2.1 US
5.5.2.2 Canada
5.5.2.3 Mexico
5.5.2.4 Rest of North America
5.5.3
5.5.3.1 Germany
5.5.3.2 UK
5.5.3.3 Italy
5.5.3.4 France
5.5.3.5 Spain
5.5.3.6 Russia
5.5.3.7 Rest of
5.5.4 South America
5.5.4.1 Brazil
5.5.4.2 Argentina
5.5.4.3 Rest of South America
5.5.5 Middle East & Africa
5.5.5.1 Saudi Arabia
5.5.5.2 South Africa
5.5.5.3 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Air Products & Chemicals Inc.
6.4.2 Air Liquide
6.4.3 BASF SE
6.4.4 BP PLC
6.4.5 ECUST
6.4.6 John Wood Group PLC
6.4.7 General Electric
6.4.8 Haldor Topsoe AS
6.4.9 KBR Inc.
6.4.10 The Linde Group
6.4.11 Royal Dutch Shell
6.4.12 Sasol
6.4.13 Siemens AG
6.4.14 TechnipFMC PLC
6.4.15 Yara
6.4.16 SynGas Technology LLC
6.4.17 OXEA GmbH
6.4.18 Dakota Gasification Company
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Utilization of Biomass and Municipal Waste
7.2 Development of Underground Coal Gasification Technology
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