Market Overview:
The global gas to liquid (GTL) systems market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The GTL systems market is segmented on the basis of type, application and region. On the basis of type, the GTL systems market is segmented into methanol to gasoline, Fischer-Tropsch and syngas to gasoline. The methanol to gasoline segment is expected to dominate the GTL systems market during the forecast period owing to high demand for methanol as a fuel in automotive applications. On the basis of application, fuel oil accounts for majority share in terms of revenue in 2017 and it is projected that this trend would continue over the forecast period as well.
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Product Definition:
Gas to Liquid (GTL) systems are used to convert natural gas into liquid fuels, typically diesel and gasoline. These systems are important because they can help reduce emissions from transportation and improve energy security by providing a domestic source of fuel.
Methanol to Gasoline:
Methanol to gasoline is a process used in the manufacturing of petrol, which involves the conversion of methanol (CH3OH) into ethanol and then into fully formulated petrol. Methanol to gasoline process is one of the most important aspects in GTL systems as it provides an easy method for producing green fuel from renewable resources at low cost. The major advantage associated with this method includes reduced carbon emissions and increased efficiency in terms of production yield.
Fischer-Tropsch:
Fischer-Tropsch or FT is a chemical process used to convert coal, heavy oil, and natural gas into useful products such as syngas (a mixture of carbon monoxide and hydrogen) and coke oven gas. The major application of Fischer-Tropsch is in the production of synthetic fuels such as propane, butanes, pentanes etc. Synthetic fuels are primarily used for domestic heating purposes.
Application Insights:
The global demand for gasoline has witnessed a paradigm shift due to rising awareness among consumers. The automotive industry is undergoing tremendous technological changes, with the use of advanced materials and machinery. This trend is expected to drive the demand for liquid hydrocarbons such as butane, propane and ethanol in various applications including fuel oil, lubricating oil and process oils over the forecast period.
In terms of revenue, fuel oil emerged as the largest application segment while accounting for over 40% of total market volume in 2017. Increasing production capacities coupled with growing consumption across end-use industries are anticipated to propel growth over the forecast period. In addition, increasing exploration activities are likely to result in an increased supply which will positively impact on market growth during 2018 - 2030 foreseeable future.
Regional Analysis:
Asia Pacific dominated the global gas to liquid systems market in 2016 and is expected to continue its dominance over the forecast period. The region has a large number of oil refineries that are shifting from using heavy crude oil, which requires additional investment in upgradation, towards lighter feedstock such as naphtha for manufacturing gasoline and diesel. This factor is anticipated to drive demand for GTL systems over the forecast period.
The growing automotive industry coupled with increasing government support aimed at reducing carbon footprint by promoting cleaner fuel alternatives is likely to propel regional growth over the next eight years. Asia Pacific was followed by North America which accounted for 17% of total market share in 2016 owing to high technological adoption levels along with supportive government initiatives pertaining environmental concerns associated with petroleum based products across this region.
Growth Factors:
- Increasing demand for cleaner and efficient fuel sources is expected to drive the GTL systems market growth.
- Rapid industrialization in developing countries is anticipated to create opportunities for GTL systems market growth.
- Stringent environmental regulations are likely to propel the adoption of GTL systems over traditional fuels such as diesel and gasoline.
- Growing concerns over energy security is projected to boost the deployment of GTL systems across various industries worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Gas To Liquid(GTL) Systems Market Research Report
By Type
Methanol to Gasoline, Fischer-Tropsch, Syngas to Gasoline
By Application
Fuel Oil, Lubricating Oil, Process Oil, Others
By Companies
Linc Energy, Compact GTL, Primus Green Energy, Chevron Corporation, Royal Dutch Shell, Sasol Limited, Velocys, Gas Techno, NRG Energy, Ventech Engineers, Petrobras
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
161
Number of Tables & Figures
113
Customization Available
Yes, the report can be customized as per your need.
Global Gas To Liquid(GTL) Systems Market Report Segments:
The global Gas To Liquid(GTL) Systems market is segmented on the basis of:
Types
Methanol to Gasoline, Fischer-Tropsch, Syngas to Gasoline
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 Oil, 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:
- Linc Energy
- Compact GTL
- Primus Green Energy
- Chevron Corporation
- Royal Dutch Shell
- Sasol Limited
- Velocys
- Gas Techno
- NRG Energy
- Ventech Engineers
- Petrobras
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Highlights of The Gas To Liquid(GTL) Systems 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:
- Methanol to Gasoline
- Fischer-Tropsch
- Syngas to Gasoline
- By Application:
- Fuel Oil
- Lubricating Oil
- Process Oil
- 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) Systems 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
 Systems 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?
A Gas To Liquid(GTL) system is a process that converts natural gas into liquid fuels such as gasoline, diesel, and jet fuel. The process begins by heating the gas to a high temperature in an oven or furnace. This heat breaks down the molecules of the gas into their component atoms and molecules. The hot gases are then drawn off into a separate chamber where they are mixed with other liquids such as water and oil. This mixture is then forced through small tubes called nozzles at high pressure until it forms liquid fuel products
Some of the major companies in the gas to liquid(gtl) systems market are Linc Energy, Compact GTL, Primus Green Energy, Chevron Corporation, Royal Dutch Shell, Sasol Limited, Velocys, Gas Techno, NRG Energy, Ventech Engineers, Petrobras.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Gas To Liquid(GTL) Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Gas To Liquid(GTL) Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Gas To Liquid(GTL) Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Gas To Liquid(GTL) Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Gas To Liquid(GTL) Systems Market Size & Forecast, 2018-2028
4.5.1 Gas To Liquid(GTL) Systems Market Size and Y-o-Y Growth
4.5.2 Gas To Liquid(GTL) Systems Market Absolute $ Opportunity
Chapter 5 Global Gas To Liquid(GTL) Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Gas To Liquid(GTL) Systems Market Size Forecast by Type
5.2.1 Methanol to Gasoline
5.2.2 Fischer-Tropsch
5.2.3 Syngas to Gasoline
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Gas To Liquid(GTL) Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Gas To Liquid(GTL) Systems Market Size Forecast by Applications
6.2.1 Fuel Oil
6.2.2 Lubricating Oil
6.2.3 Process Oil
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Gas To Liquid(GTL) Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Gas To Liquid(GTL) Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Gas To Liquid(GTL) Systems Analysis and Forecast
9.1 Introduction
9.2 North America Gas To Liquid(GTL) Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Gas To Liquid(GTL) Systems Market Size Forecast by Type
9.6.1 Methanol to Gasoline
9.6.2 Fischer-Tropsch
9.6.3 Syngas to Gasoline
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Gas To Liquid(GTL) Systems Market Size Forecast by Applications
9.10.1 Fuel Oil
9.10.2 Lubricating Oil
9.10.3 Process Oil
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Gas To Liquid(GTL) Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Gas To Liquid(GTL) Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Gas To Liquid(GTL) Systems Market Size Forecast by Type
10.6.1 Methanol to Gasoline
10.6.2 Fischer-Tropsch
10.6.3 Syngas to Gasoline
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Gas To Liquid(GTL) Systems Market Size Forecast by Applications
10.10.1 Fuel Oil
10.10.2 Lubricating Oil
10.10.3 Process Oil
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Gas To Liquid(GTL) Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Gas To Liquid(GTL) Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Gas To Liquid(GTL) Systems Market Size Forecast by Type
11.6.1 Methanol to Gasoline
11.6.2 Fischer-Tropsch
11.6.3 Syngas to Gasoline
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Gas To Liquid(GTL) Systems Market Size Forecast by Applications
11.10.1 Fuel Oil
11.10.2 Lubricating Oil
11.10.3 Process Oil
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Gas To Liquid(GTL) Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Gas To Liquid(GTL) Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Gas To Liquid(GTL) Systems Market Size Forecast by Type
12.6.1 Methanol to Gasoline
12.6.2 Fischer-Tropsch
12.6.3 Syngas to Gasoline
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Gas To Liquid(GTL) Systems Market Size Forecast by Applications
12.10.1 Fuel Oil
12.10.2 Lubricating Oil
12.10.3 Process Oil
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Gas To Liquid(GTL) Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Gas To Liquid(GTL) Systems Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Gas To Liquid(GTL) Systems Market Size Forecast by Type
13.6.1 Methanol to Gasoline
13.6.2 Fischer-Tropsch
13.6.3 Syngas to Gasoline
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Gas To Liquid(GTL) Systems Market Size Forecast by Applications
13.10.1 Fuel Oil
13.10.2 Lubricating Oil
13.10.3 Process Oil
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Gas To Liquid(GTL) Systems Market: Competitive Dashboard
14.2 Global Gas To Liquid(GTL) Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Linc Energy
14.3.2 Compact GTL
14.3.3 Primus Green Energy
14.3.4 Chevron Corporation
14.3.5 Royal Dutch Shell
14.3.6 Sasol Limited
14.3.7 Velocys
14.3.8 Gas Techno
14.3.9 NRG Energy
14.3.10 Ventech Engineers
14.3.11 Petrobras
