Syngas Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027
Report Description
The global syngas market size is estimated at USD 44,100.8 Million in 2020, expanding at a CAGR of 6.1% from 2021-2027.
The primary factors, driving the worldwide syngas market growth, are the robust presence of key players and continuous innovations, rigorous investments, and strategic steps taken by these players functioning in the industry.
Market Dynamics
The syngas market is expected to witness prominent growth over the forecast period. The growing environmental awareness and the enactment of stringent government restrictions on the increasing usage of renewable fuels are expected to drive the syngas market share and size in the predicted timeframe. In addition, the increasingly growing demand for syngas from the chemical industries across the globe is another crucial factor for th44e global syngas market growth. Syngas is mainly utilized to produce synthetic natural gas (SNG), as it plays a key role in the rail, marine, and road transport industries in the form of liquefied natural gas (LNG) and compressed natural gas (CNG). Moreover, technological advancements such as the development of underground coal gasification technology are expected to boost the syngas market size and share. However, the time required to build the operational plant and the high capital investments may hamper the syngas market growth in the near future.
Regional Overview
Asia-Pacific syngas market is expected to observe the highest CAGR during the analysis period. The increasing demand for syngas in numerous industries, such as chemical, electricity, and fuel has scaled up the production of products in the region. In addition, the growing urbanization in countries, such as Australia and Japan will create a progressive impact on the syngas market size in this region. Moreover, the chemical industries in Asian countries are offering massive opportunities for fertilizer and petrochemicals production. North America, on the other hand, is projected to propel at a significant rate in the forecast period. The increased demand for the production of chemicals and the presence of major end-use industries in this region, such as automotive, construction, electronics, military & defense, and aerospace.
Segment Overview
The syngas market is fragmented into various segments based on gasifier, feedstock, technology, and application. Based on the gasifier, the fluidized bed gasifier segment is anticipated to dominate in terms of market share in the global syngas market. By feedstock, the coal segment is projected to account for the highest revenue share during the forecast period. By technology, the steam reforming segment is projected to have the fastest growth by 2027. By application, the chemicals segment is expected to dominate in the global industry during the analysis period.
Competitive Landscape
The syngas market is highly competitive owing to the presence of international as well as local players. Major players in the industry are engaging in various strategies, such as merger & acquisition, technological advancements, novel product launches, and partnerships to hold strong in the market. For instance, in May 2020, Linde PLC invested around USD 250 million and started a new syngas processing facility in Southern Louisiana, United States, intending to supply hydrogen and carbon monoxide to different chemical companies across the globe.
The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of syngas by application, deployment, component, location, and region. In addition to this, the report describes the market competition situation among the vendors and company profiles, along with value chain features and market price analysis are covered in this report.
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):
- Air Liquide
- BASF SE
- Air Products and Chemicals Inc.
- John Wood Group
- Sasol Limited
- ROYAL DUTCH SHELL PLC.
- SIEMENS AG
- SynGas Technology LLC
- Syngas Energy Holdings
- The Linde Group
- Haldor Topsoe A/S
- The Chiyoda Corporation
- John Wood Group PLC
- OQ Chemicals GmbH
- Methanex Corporation
Gasifier Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Entrained Flow
- Moving Bed
- Fluidized Bed
- Others
Technology Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Steam Reforming
- Autothermal Reforming
- Partial Oxidation
- Biomass Gasification
- Combined or Two-step Reforming
Feedstock Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Coal
- Natural Gas
- Biomass/Waste
- Others
Application Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Chemicals
- Power Generation
- Others
Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain, etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- South America (Brazil, Mexico, Argentina, etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)
Table Of Content
1. Syngas Market Overview
1.1. Product Overview and Scope of Syngas
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Syngas Market Size Growth Rate Analysis by Gasifier 2020 VS 2027
1.3.1. Moving Bed Gasifier
1.3.2. Entrained Flow Gasifier
1.3.3. Fluidized Bed Gasifier
1.3.4. Others
1.4. Global Syngas Consumption Comparison by Feedstock: 2020 VS 2027
1.4.1. Coal
1.4.2. Natural Gas
1.4.3. Biomass/Waste
1.4.4. Others
1.5. Global Syngas Consumption Comparison by Technology: 2020 VS 2027
1.5.1. Steam Reforming
1.5.2. Autothermal Reforming
1.5.3. Partial Oxidation
1.5.4. Biomass Gasification
1.5.5. Combined or Two-step Reforming
1.6. Global Syngas Consumption Comparison by Application: 2020 VS 2027
1.6.1. Chemicals
1.6.2. Power Generation
1.6.3. Others
1.7. Global Syngas Market Size Estimates and Forecasts by Region: 2020 VS 2027
1.7.1. North America Syngas Estimates
1.7.2. Europe Syngas Estimates
1.7.3. China Syngas Estimates
1.7.4. Japan Syngas Estimates
2. Market Competition by Manufacturers
2.1. Global Syngas Revenue Market Share by Manufacturers (2020)
2.2. Syngas Market Share by Company Feedstock (Tier 1, Tier 2 and Tier 3)
2.3. Global Syngas Average Price by Manufacturers (2016-2021)
2.4. Manufacturers Syngas Production Sites, Area Served, Product Types
2.5. Syngas Market Competitive Situation and Trends
2.5.1. Syngas Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Syngas Consumption by Region (2016-2021)
3.1. Global Syngas Consumption by Region
3.2. Global Syngas Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Syngas Consumption Growth Rate (2016-2021)
3.2.3. North America Syngas Consumption, Price and Gross Margin (2016-2021)
3.2.4. North America Syngas Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Syngas Consumption Growth Rate (2016-2021)
3.2.7. Europe Syngas Consumption, Price and Gross Margin (2016-2021)
3.2.8. Europe Syngas Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Syngas Consumption Growth Rate (2016-2021)
3.2.11. Asia Pacific Syngas Consumption, Price and Gross Margin (2016-2021)
3.2.12. Asia Pacific Syngas Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Syngas Consumption Growth Rate (2016-2021)
3.2.15. South America Syngas Consumption, Price and Gross Margin (2016-2021)
3.2.16. South America Syngas Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Syngas Consumption Growth Rate (2016-2021)
3.2.19. Middle East and Africa Syngas Consumption, Price and Gross Margin (2016-2021)
3.2.20. Middle East and Africa Syngas Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Syngas Consumption by Gasifier (2016-2021)
4.1. Global Syngas Price by Gasifier (2016-2021)
4.2. Global Syngas Revenue Market Share by Gasifier (2016-2021)
4.2.1. Moving Bed Gasifier
4.2.2. Entrained Flow Gasifier
4.2.3. Fluidized Bed Gasifier
4.2.4. Others
5. Global Syngas Consumption by Feedstock (2016-2021)
5.1. Global Syngas Price by Feedstock (2016-2021)
5.2. Global Syngas Revenue Market Share by Feedstock (2016-2021)
5.2.1. Coal
5.2.2. Natural Gas
5.2.3. Biomass/Waste
5.2.4. Others
6. Global Syngas Consumption by Technology (2016-2021)
6.1. Global Syngas Price by Technology (2016-2021)
6.2. Global Syngas Revenue Market Share by Technology (2016-2021)
6.2.1. Steam Reforming
6.2.2. Autothermal Reforming
6.2.3. Partial Oxidation
6.2.4. Biomass Gasification
6.2.5. Combined or Two-step Reforming
7. Global Syngas Consumption by Application (2016-2021)
7.1. Global Syngas Price by Application (2016-2021)
7.2. Global Syngas Revenue Market Share by Application (2016-2021)
7.2.1. Chemicals
7.2.2. Power Generation
7.2.3. Others
8. Key Companies Profiled
8.1. Air Liquide
8.1.1. Air Liquide Syngas Corporation Information
8.1.2. Air Liquide Syngas Product Portfolio
8.1.3. Air Liquide Syngas Consumption, Price and Gross Margin (2016-2021)
8.1.4. Air Liquide Main Business and Markets Served
8.1.5. Air Liquide Recent Developments/Updates
8.2. BASF SE
8.3. Air Products and Chemicals Inc.
8.4. John Wood Group
8.5. Sasol Limited
8.6. ROYAL DUTCH SHELL PLC
8.7. SIEMENS AG
8.8. SynGas Technology LLC
8.9. Syngas Energy Holdings
8.10. The Linde Group
8.11. Haldor Topsoe A/S
8.12. The Chiyoda Corporation
8.13. John Wood Group PLC
8.14. OQ Chemicals GmbH
8.15. Methanex Corporation
9. Marketing Channel, Distributors and Customers
9.1. Marketing Channel
9.2. Syngas Distributors List
9.3. Syngas Customers
10. Market Dynamics
10.1. Syngas Industry Trends
10.2. Syngas Growth Drivers
10.3. Syngas Market Challenges
10.4. Syngas Market Restraints
11. Global Syngas Consumption and Demand Forecast, by Region (2022-2027)
11.1. Global Forecasted Demand Analysis of Syngas, by Regions and Country
11.1.1. North America Forecasted Consumption of Syngas by Country
11.1.2. Europe Market Forecasted Consumption of Syngas by Country
11.1.3. Asia Pacific Market Forecasted Consumption of Syngas by Region
11.1.4. Latin America Forecasted Consumption of Syngas by Country
11.1.5. Middle East and Africa Forecasted Consumption of Syngas by Country
12. Global Syngas Consumption and Demand Forecast, by Device Segments (2022-2027)
12.1. Global Forecasted Consumption of Syngas by Device Segments (2022-2027)
12.2. Global Consumption and Price Forecast by Device Segments (2022-2027)
12.3. Global Forecasted Growth Rate of Syngas by Device Segments (2022-2027)
13. Research Finding and Conclusion
14. Methodology and Data Source
14.1. Methodology/Research Approach
14.1.1. Research Programs/Feedstock
14.1.2. Market Size Estimation
14.1.3. Market Breakdown and Data Triangulation
14.2. Data Source
14.2.1. Secondary Sources
14.2.2. Primary Sources
14.3. Author List
14.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
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