Market Overview:
The global synthesis gas market is expected to grow from USD XX million in 2018 to USD XX million by 2030, at a CAGR of X.X%. The growth of the synthesis gas market can be attributed to the increasing demand for energy and illumination applications, and the growing chemical industry. The natural gas source segment is expected to dominate the global synthesis gas market during the forecast period. This segment is projected to grow at a CAGR of X.X% from 2018 to 2030. The coal source segment is projected to grow at a CAGR of X.X% from 2018to 2030, owingto its low cost as compared with other sources such as biomass and othersources used forsynthesisgas production .
Product Definition:
Synthesis gas is a mixture of carbon monoxide (CO) and hydrogen (H2), usually in a ratio of 2 parts CO to 1 part H2. It is produced by the reaction of coal or natural gas with steam. Synthesis gas can be used to produce ammonia, methanol, and other chemicals, or it can be burned to produce electricity or heat.
Natural Gas Source:
Natural gas source is the most important raw material used in the production of synthesis gas. Natural gases such as nitrogen, hydrogen and carbon dioxide are produced in large quantities at a domestic level. The major application of natural gases is to produce carbon monoxide and hydrogen which are used extensively across various end-use industries such as chemical manufacturing, metal processing, food & beverages among others.
The growth factor for natural gas source accounts for approximately 50% in the overall process flow shown above.
Coal Source:
Coal source is a material that is used in the synthesis gas production process. It can be either natural or synthetic and its major sources include coal, lignite, sub-bituminous coal and bituminous coals. Synthesis gas also known as syngas consists of hydrogen and carbon monoxide along with other gases such as nitrogen, oxygen, carbon dioxide along with other impurities present in air such as nitrous oxides etc.
Application Insights:
The energy segment dominated the global synthesis gas market in 2017 and is projected to witness significant growth over the forecast period. The increasing demand for natural gas as a fuel source in automobiles, trucks, ships and trains is expected to drive the product demand from this application segment.
In terms of revenue, Asia Pacific will exhibit a higher CAGR of XX% during the forecast period owing to increased investments in various projects across China Japan India Australia & New Zealand Thailand Malaysia Indonesia Philippines Vietnam South Korea Pakistan etc. These investments are aimed at enhancing energy security and providing affordable electricity thereby driving regional consumption over the coming years.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. China accounted for a major share of global natural gas production and is also one of the top coal producers in the world. The country has been witnessing strong economic growth owing to significant industrial development, which has led to increased demand for synthetic fuels such as syngas from power generation plants.
Europe emerged as a prominent consumer of syngas with Germany being its key contributor on account of technological advancements along with increasing application scope across industries including chemical, energy, and illumination among others. North America region is projected to witness substantial growth over the coming years owing to rising product demand from various end-use sectors including chemical industry due to increasing need for efficient methods in producing chemicals that are cleaner than their petroleum counterparts while offering similar performance characteristics such as high purity yield etc.
Growth Factors:
- Increasing demand for synthetic gas in various industrial and commercial applications as a cleaner and more efficient fuel source as compared to traditional fuels.
- Growing popularity of syngas-based fuel cells for power generation due to their high efficiency and low emissions levels.
- Rising demand from the transportation sector for syngas as a replacement for diesel and gasoline in vehicles, buses, trains, etc.
- increasing use of synthesis gas as an alternative feedstock for production of chemicals, plastics, and other downstream products .
Scope Of The Report
Report Attributes
Report Details
Report Title
Synthesis Gas Market Research Report
By Type
Natural Gas Source, Coal Source, Biomass Source, Other
By Application
Energy, Illumination, Chemical Industry, Other
By Companies
Nutrien, BASF, BP, CF Industries, ConocoPhillips, Yara, E-Gas, Foster Wheeler, GE, Haldor Topsoe, Nutrien, Technip, Linde, Air Liquide, Methanex, Mitsubishi Heavy Industries, Nippon Shokubai, OXEA, Shell, Sasol, Siemens, SynGas Technology
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
200
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Synthesis Gas Market Report Segments:
The global Synthesis Gas market is segmented on the basis of:
Types
Natural Gas Source, Coal Source, Biomass Source, Other
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
Energy, Illumination, Chemical Industry, Other
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:
- Nutrien
- BASF
- BP
- CF Industries
- ConocoPhillips
- Yara
- E-Gas
- Foster Wheeler
- GE
- Haldor Topsoe
- Nutrien
- Technip
- Linde
- Air Liquide
- Methanex
- Mitsubishi Heavy Industries
- Nippon Shokubai
- OXEA
- Shell
- Sasol
- Siemens
- SynGas Technology
Highlights of The Synthesis Gas 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:
- Natural Gas Source
- Coal Source
- Biomass Source
- Other
- By Application:
- Energy
- Illumination
- Chemical Industry
- Other
- 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 Synthesis Gas 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?
Synthesis gas is a mixture of gases that are produced during the chemical reaction of two or more substances.
Some of the key players operating in the synthesis gas market are Nutrien, BASF, BP, CF Industries, ConocoPhillips, Yara, E-Gas, Foster Wheeler, GE, Haldor Topsoe, Nutrien, Technip, Linde, Air Liquide, Methanex, Mitsubishi Heavy Industries, Nippon Shokubai, OXEA, Shell, Sasol, Siemens, SynGas Technology.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Synthesis Gas 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 Synthesis Gas Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Synthesis Gas 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 Synthesis Gas 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 Synthesis Gas Market Size & Forecast, 2020-2028
4.5.1 Synthesis Gas Market Size and Y-o-Y Growth
4.5.2 Synthesis Gas Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Natural Gas Source
5.2.2 Coal Source
5.2.3 Biomass Source
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Energy
6.2.2 Illumination
6.2.3 Chemical Industry
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Synthesis Gas 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 Synthesis Gas 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Natural Gas Source
9.6.2 Coal Source
9.6.3 Biomass Source
9.6.4 Other
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 Market Size Forecast by Applications
9.10.1 Energy
9.10.2 Illumination
9.10.3 Chemical Industry
9.10.4 Other
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Natural Gas Source
10.6.2 Coal Source
10.6.3 Biomass Source
10.6.4 Other
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 Market Size Forecast by Applications
10.10.1 Energy
10.10.2 Illumination
10.10.3 Chemical Industry
10.10.4 Other
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Natural Gas Source
11.6.2 Coal Source
11.6.3 Biomass Source
11.6.4 Other
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 Market Size Forecast by Applications
11.10.1 Energy
11.10.2 Illumination
11.10.3 Chemical Industry
11.10.4 Other
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Natural Gas Source
12.6.2 Coal Source
12.6.3 Biomass Source
12.6.4 Other
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 Market Size Forecast by Applications
12.10.1 Energy
12.10.2 Illumination
12.10.3 Chemical Industry
12.10.4 Other
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Natural Gas Source
13.6.2 Coal Source
13.6.3 Biomass Source
13.6.4 Other
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) Market Size Forecast by Applications
13.10.1 Energy
13.10.2 Illumination
13.10.3 Chemical Industry
13.10.4 Other
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 Synthesis Gas Market: Competitive Dashboard
14.2 Global Synthesis Gas Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nutrien
14.3.2 BASF
14.3.3 BP
14.3.4 CF Industries
14.3.5 ConocoPhillips
14.3.6 Yara
14.3.7 E-Gas
14.3.8 Foster Wheeler
14.3.9 GE
14.3.10 Haldor Topsoe
14.3.11 Nutrien
14.3.12 Technip
14.3.13 Linde
14.3.14 Air Liquide
14.3.15 Methanex
14.3.16 Mitsubishi Heavy Industries
14.3.17 Nippon Shokubai
14.3.18 OXEA
14.3.19 Shell
14.3.20 Sasol
14.3.21 Siemens
14.3.22 SynGas Technology
