Market Overview:
The global gas-to-liquid (GTL) market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The GTL diesel segment is expected to account for the majority share of the global GTL market in terms of revenue, followed by GTL naphtha and other segments. The fuel oil application segment is expected to be the largest application segment for GTL products, followed by lubricating oil and process oils applications. North America is estimated to be the largest regional market for GTL products in 2018, followed by Europe and Asia Pacific. However, Asia Pacific is projected to register highest CAGR during the forecast period due to increasing demand from countries such as China and India.
 Industry Outlook.svg)
Product Definition:
Gas-to-liquid (GTL) is the process of converting natural gas into liquid fuels, such as gasoline, diesel and jet fuel. The importance of Gas-to-liquid (GTL) is that it can provide a cleaner and more efficient way to produce transportation fuels than traditional oil refining.
GTL Diesel:
Diesel is one of the most commonly used fossil fuels. It is produced by the complete or partial combustion of hydrocarbons, usually oils and gases derived from petroleum. Diesel has a high calorific value (energy content) compared to other common fuels such as gasoline which makes it more energy dense and hence preferred for transportation applications.
GTL Naphtha:
GTL Naphtha is a type of petroleum liquid that is produced as a by-product in the process of gas to liquid (GTL) extraction. GTL naphtha has low viscosity and boiling point which makes it an ideal fuel for use in conventional as well as unconventional applications. It can be used directly in engines or processed further to create various grades including jet A, jet B, kerosene, diesel and heavy fuel oil among others.
Application Insights:
The global gas-to-liquid market has witnessed significant growth in recent years owing to the growing demand for fuel oil and lubricating oil. The increasing need for transportation of natural gas from its source to processing plants, which ultimately leads to the production of these fuels, is expected to be a major factor driving the industry over the forecast period.
Lubricating oils emerged as one of the largest application segment with a volume share of 33.3% in 2017 and is anticipated to witness significant growth over the forecast period due largely on account of its high energy content per unit weight as compared with other liquids such as diesel or gasoline. It also possesses better properties such as higher flash point and lower density than other liquid fuels derived from fossil fuels such as coal or petroleum products like jet fuel or diesel kerosene etc.
Regional Analysis:
Asia Pacific dominated the global gas-to-liquid market in 2016 and is expected to continue its dominance over the forecast period. The region has a large number of refineries that are still in the process of modernization. Furthermore, increasing demand for motor fuels coupled with growing petrochemical capacities is likely to drive regional growth over the next eight years.
North America accounted for 24% of total market share in 2016 owing to high product demand from various end-use industries such as automotive, industrial machinery, and others. In addition, rising environmental concerns have resulted in increased investments by major oil companies resulting into higher availability of products with superior properties suitable for different applications compared to crude oil counterparts thus driving industry growth across this region as well.
The Middle East & Africa (MEA) was one among the significant contributors towards refining capacity expansion across several countries including Saudi Arabia.
Growth Factors:
- Increasing demand for cleaner and efficient fuels: The global push for cleaner fuel sources is expected to drive the GTL market. In addition, the increasing demand for high-quality fuels is also anticipated to boost the growth of this market.
- Stringent environmental regulations: Stringent environmental regulations across various countries are compelling companies to shift towards cleaner fuel sources such as GTL. This is expected to create lucrative opportunities for the GTL market in the coming years.
- Technological advancements: The development of new and innovative technologies has helped in improving the efficiency of GTL plants, thus driving its adoption globally. This is likely to propel the growth of this market in future years as well..
Scope Of The Report
Report Attributes
Report Details
Report Title
Gas-to-liquid (GTL) Market Research Report
By Type
GTL Diesel, GTL Naphtha, Others
By Application
Fuel Oil, Lubricating Oil, Process Oils, Others
By Companies
Shell, Oryx GTL, PetroSA, OLTIN YO'L GTL, Chevron
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Gas-to-liquid (GTL) Market Report Segments:
The global Gas-to-liquid (GTL) market is segmented on the basis of:
Types
GTL Diesel, GTL Naphtha, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Fuel Oil, Lubricating Oil, Process Oils, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Shell
- Oryx GTL
- PetroSA
- OLTIN YO'L GTL
- Chevron
 Market Overview.svg)
Highlights of The Gas-to-liquid (GTL) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- GTL Diesel
- GTL Naphtha
- Others
- By Application:
- Fuel Oil
- Lubricating Oil
- Process Oils
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Gas-to-liquid (GTL) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Gas-to-liquid (GTL) is a process of converting natural gas into liquid fuels such as gasoline, diesel, and jet fuel.
Some of the key players operating in the gas-to-liquid (gtl) market are Shell, Oryx GTL, PetroSA, OLTIN YO'L GTL, Chevron.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Gas-to-liquid (GTL) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Gas-to-liquid (GTL) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Gas-to-liquid (GTL) Market - Supply Chain
4.5. Global Gas-to-liquid (GTL) Market Forecast
4.5.1. Gas-to-liquid (GTL) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Gas-to-liquid (GTL) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Gas-to-liquid (GTL) Market Absolute $ Opportunity
5. Global Gas-to-liquid (GTL) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Gas-to-liquid (GTL) Market Size and Volume Forecast by Type
5.3.1. GTL Diesel
5.3.2. GTL Naphtha
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Gas-to-liquid (GTL) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Gas-to-liquid (GTL) Market Size and Volume Forecast by Application
6.3.1. Fuel Oil
6.3.2. Lubricating Oil
6.3.3. Process Oils
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Gas-to-liquid (GTL) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Gas-to-liquid (GTL) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Gas-to-liquid (GTL) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Gas-to-liquid (GTL) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Gas-to-liquid (GTL) Demand Share Forecast, 2019-2026
9. North America Gas-to-liquid (GTL) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Gas-to-liquid (GTL) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Gas-to-liquid (GTL) Market Size and Volume Forecast by Application
9.4.1. Fuel Oil
9.4.2. Lubricating Oil
9.4.3. Process Oils
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Gas-to-liquid (GTL) Market Size and Volume Forecast by Type
9.7.1. GTL Diesel
9.7.2. GTL Naphtha
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Gas-to-liquid (GTL) Demand Share Forecast, 2019-2026
10. Latin America Gas-to-liquid (GTL) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Gas-to-liquid (GTL) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Gas-to-liquid (GTL) Market Size and Volume Forecast by Application
10.4.1. Fuel Oil
10.4.2. Lubricating Oil
10.4.3. Process Oils
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Gas-to-liquid (GTL) Market Size and Volume Forecast by Type
10.7.1. GTL Diesel
10.7.2. GTL Naphtha
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Gas-to-liquid (GTL) Demand Share Forecast, 2019-2026
11. Europe Gas-to-liquid (GTL) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Gas-to-liquid (GTL) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Gas-to-liquid (GTL) Market Size and Volume Forecast by Application
11.4.1. Fuel Oil
11.4.2. Lubricating Oil
11.4.3. Process Oils
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Gas-to-liquid (GTL) Market Size and Volume Forecast by Type
11.7.1. GTL Diesel
11.7.2. GTL Naphtha
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. -o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Gas-to-liquid (GTL) Demand Share, 2019-2026
12. Asia Pacific Gas-to-liquid (GTL) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Gas-to-liquid (GTL) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Gas-to-liquid (GTL) Market Size and Volume Forecast by Application
12.4.1. Fuel Oil
12.4.2. Lubricating Oil
12.4.3. Process Oils
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Gas-to-liquid (GTL) Market Size and Volume Forecast by Type
12.7.1. GTL Diesel
12.7.2. GTL Naphtha
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Gas-to-liquid (GTL) Demand Share, 2019-2026
13. Middle East & Africa Gas-to-liquid (GTL) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Gas-to-liquid (GTL) Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Gas-to-liquid (GTL) Market Size and Volume Forecast by Application
13.4.1. Fuel Oil
13.4.2. Lubricating Oil
13.4.3. Process Oils
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Gas-to-liquid (GTL) Market Size and Volume Forecast by Type
13.7.1. GTL Diesel
13.7.2. GTL Naphtha
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Gas-to-liquid (GTL) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Gas-to-liquid (GTL) Market: Market Share Analysis
14.2. Gas-to-liquid (GTL) Distributors and Customers
14.3. Gas-to-liquid (GTL) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Shell
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Oryx GTL
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. PetroSA
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. OLTIN YO'L GTL
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Chevron
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
