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Syngas Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027

Format: PDF | Pages: 303 | Report ID: MRS1103


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.)

Frequently Asked Questions

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.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global syngas market is expanding at a CAGR of 6.1% from 2021-2027.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
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.

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