Market Overview:
The global syngas chemicals market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for syngas chemicals from various end-use industries, such as manufacture, industrial and others. In terms of type, methanol is expected to hold the largest share in the global syngas chemicals market during the forecast period. This can be attributed to its growing demand from various end-use industries, such as automotive and pharmaceuticals.
Product Definition:
Syngas chemicals are a range of products that are derived from syngas, which is a mixture of carbon monoxide and hydrogen. Syngas is produced by the gasification of coal, biomass, or other carbon-containing materials. The most important syngas chemicals are ammonia and methanol. These products are used in the production of fertilizers and plastics, among other things.
Methanol:
Methanol, also known as wood alcohol is a flammable organic liquid that is produced when wood is processed. It has a distinct odor and appearance. Methanol can be produced through natural gasification or coal/wood-fired power plant.
Acetyls:
Acetyls are a group of chemical compounds derived from hydrogen and carbon. They have the formula C2H4, and the most common ones are known as acetic acid (CH3CO2H) and propionic acid (CH3CONH2). These can be made by reacting hydrogen with carbon or by adding acetylene to propylene. The process is similar to making vinyl chloride but instead of using hydrochloric acid it uses phosphoric acid.
Application Insights:
Manufacture application segment accounted for the largest market share in 2017 and is projected to witness significant growth over the forecast period. The manufacture of various chemicals using syngas as a feedstock is one of the key applications that drive regional demand.
Syngas methylation process, which uses methanol and acetyls as products, is another major application area within this segment. It has become an important method for manufacturing formaldehyde, resins & methacrylates on a commercial scale across several industries such as automotive & transportation (Paints), adhesives/sealants (Construction) and paper coatings.
Industrial was another prominent application area in 2017 due to rising demand from other end-use industries such as pharmaceuticals or food processing where it finds utility in formulating esters or ethers from phenol or cinnamons along with providing methyl groups for use in chemical synthesis reactions.
Regional Analysis:
Europe accounted for the largest market share of 42.0% in 2017 and is anticipated to witness significant growth over the forecast period on account of rising environmental concerns coupled with stringent government regulations regarding air quality. Stringent emission standards by European Commission are projected to promote cleaner fuels, which will drive MTBE demand in Europe.
Asia Pacific is expected to register a CAGR exceeding 5% from 2018 to 2030 owing to increasing industrialization and manufacturing activities across various end-use industries such as automotive, construction, packaging, etc., especially in China and India.
Growth Factors:
- Increasing demand for syngas in various end-use industries such as chemicals, methanol, and fertilizer production is expected to drive the market growth.
- Growing population and rapid industrialization in emerging economies are anticipated to create opportunities for the syngas chemicals market growth over the forecast period.
- Stringent environmental regulations pertaining to greenhouse gas emissions are likely to propel the demand for syngas as a cleaner fuel alternative over traditional fuels such as coal and oil derivatives.
- Technological advancements in syngas production processes that result in improved efficiency and reduced costs are projected to boost market growth over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Syngas Chemicals Market Research Report
By Type
Methanol, Acetyls, Formaldehyde & Resins, Methyl Tertiary-Butyl Ether(MTBE)
By Application
Manufacture, Industrial, Others
By Companies
Celanese, LyondellBasell Industries Holdings, China National Petroleum, East-Man Chemical, Methanex, Celanese
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Syngas Chemicals Market Report Segments:
The global Syngas Chemicals market is segmented on the basis of:
Types
Methanol, Acetyls, Formaldehyde & Resins, Methyl Tertiary-Butyl Ether(MTBE)
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
Manufacture, Industrial, 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:
- Celanese
- LyondellBasell Industries Holdings
- China National Petroleum
- East-Man Chemical
- Methanex
- Celanese
Highlights of The Syngas Chemicals 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
- Acetyls
- Formaldehyde & Resins
- Methyl Tertiary-Butyl Ether(MTBE)
- By Application:
- Manufacture
- Industrial
- 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 Syngas Chemicals 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
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?
Syngas chemicals are a type of industrial chemical that is derived from natural gas. Syngas chemicals are used in the production of plastics, rubber, and other materials.
Some of the major companies in the syngas chemicals market are Celanese, LyondellBasell Industries Holdings, China National Petroleum, East-Man Chemical, Methanex, Celanese.
The syngas chemicals market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Syngas Chemicals 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 Syngas Chemicals Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Syngas Chemicals 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 Syngas Chemicals 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 Syngas Chemicals Market Size & Forecast, 2018-2028
4.5.1 Syngas Chemicals Market Size and Y-o-Y Growth
4.5.2 Syngas Chemicals Market Absolute $ Opportunity
Chapter 5 Global Syngas Chemicals 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 Syngas Chemicals Market Size Forecast by Type
5.2.1 Methanol
5.2.2 Acetyls
5.2.3 Formaldehyde & Resins
5.2.4 Methyl Tertiary-Butyl Ether(MTBE)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Syngas Chemicals 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 Syngas Chemicals Market Size Forecast by Applications
6.2.1 Manufacture
6.2.2 Industrial
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Syngas Chemicals 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 Syngas Chemicals 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 Syngas Chemicals Analysis and Forecast
9.1 Introduction
9.2 North America Syngas Chemicals 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 Syngas Chemicals Market Size Forecast by Type
9.6.1 Methanol
9.6.2 Acetyls
9.6.3 Formaldehyde & Resins
9.6.4 Methyl Tertiary-Butyl Ether(MTBE)
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 Syngas Chemicals Market Size Forecast by Applications
9.10.1 Manufacture
9.10.2 Industrial
9.10.3 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 Syngas Chemicals Analysis and Forecast
10.1 Introduction
10.2 Europe Syngas Chemicals 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 Syngas Chemicals Market Size Forecast by Type
10.6.1 Methanol
10.6.2 Acetyls
10.6.3 Formaldehyde & Resins
10.6.4 Methyl Tertiary-Butyl Ether(MTBE)
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 Syngas Chemicals Market Size Forecast by Applications
10.10.1 Manufacture
10.10.2 Industrial
10.10.3 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 Syngas Chemicals Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Syngas Chemicals 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 Syngas Chemicals Market Size Forecast by Type
11.6.1 Methanol
11.6.2 Acetyls
11.6.3 Formaldehyde & Resins
11.6.4 Methyl Tertiary-Butyl Ether(MTBE)
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 Syngas Chemicals Market Size Forecast by Applications
11.10.1 Manufacture
11.10.2 Industrial
11.10.3 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 Syngas Chemicals Analysis and Forecast
12.1 Introduction
12.2 Latin America Syngas Chemicals 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 Syngas Chemicals Market Size Forecast by Type
12.6.1 Methanol
12.6.2 Acetyls
12.6.3 Formaldehyde & Resins
12.6.4 Methyl Tertiary-Butyl Ether(MTBE)
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 Syngas Chemicals Market Size Forecast by Applications
12.10.1 Manufacture
12.10.2 Industrial
12.10.3 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) Syngas Chemicals Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Syngas Chemicals 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) Syngas Chemicals Market Size Forecast by Type
13.6.1 Methanol
13.6.2 Acetyls
13.6.3 Formaldehyde & Resins
13.6.4 Methyl Tertiary-Butyl Ether(MTBE)
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) Syngas Chemicals Market Size Forecast by Applications
13.10.1 Manufacture
13.10.2 Industrial
13.10.3 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 Syngas Chemicals Market: Competitive Dashboard
14.2 Global Syngas Chemicals Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Celanese
14.3.2 LyondellBasell Industries Holdings
14.3.3 China National Petroleum
14.3.4 East-Man Chemical
14.3.5 Methanex
14.3.6 Celanese
