Market Overview:
The global syngas market is expected to grow at a CAGR of XX% and reach a value of USD XX million by 2030. The market is segmented on the basis of type, application, and region. On the basis of type, the market is divided into coal, petroleum, natural gas, biomass and waste. Coal dominates the syngas market with a share of more than 50%. However, its share is declining due to stringent environmental regulations and increasing use of renewable sources such as solar and wind energy. Natural gas is expected to be the fastest-growing segment during the forecast period owing to its growing demand for power generation across the globe. On the basis of application, chemicals account for majority share in terms of revenue followed by power generation.
Product Definition:
Syngas is a fuel gas made up of hydrogen and carbon monoxide. It is used as a fuel in industrial processes and to produce synthetic natural gas.
Coal:
Coal is a fossil fuel, formed from the remains of plant and animal matter that was compressed over millions of years. It is found in large quantities in countries such as Australia, China, India, Indonesia and South Africa. Coal is used to generate electricity globally which has led to its usage on a commercial scale since the 19th century.
Petroleum:
Petroleum or crude oil is a black and sticky liquid that comes from the ground up. It contains many different kinds of chemicals, but mostly it's made up of hydrogen and carbon. Crude oil can be used to make many different kinds of things like plastics, rubber, fuel (gasoline), medicines, food products like cooking oils & shortenings; also gasoline and diesel are some products that use crude oil as an ingredient.
Application Insights:
Syngas is used for various applications including chemicals, power generation, liquid and gaseous fuels. The chemicals segment accounted for the largest market share in 2017 and is projected to witness significant growth over the forecast period. Chemicals such as fertilizers, pesticides and pharmaceuticals are manufactured using syngas as a feedstock.
The chemical industry in India has been growing significantly owing to increasing demand from domestic consumers along with those in China and Japan. Favorable government policies regarding investments coupled with low-cost labor have also boosted this sector significantly over the past few years.
Power generation was another prominent application of syngas that accounted for a considerable market share in 2017 due to rising demand from industrial users along with residential consumers across several countries including Brazil, China Indonesia Russia Saudi Arabia South Africa Turkey etcetera).
Regional Analysis:
Europe accounted for the largest market share of 42.0% in terms of revenue in 2017, followed by Asia Pacific and North America. The region is expected to dominate the global syngas market over the forecast period owing to increasing focus on reducing carbon footprint along with growing need for energy security and independence from imports.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast period due to rapid industrialization coupled with rising government initiatives towards economic development. China emerged as a prominent consumer and producer of syngas across this region, which was primarily derived from coal gasification process using waste materials such as fly ash, bottom ash, etc., thereby boosting its demand across various applications including power generation sector.
China’s rapid urbanization has resulted into huge amounts of solid waste being generated every year; however, inadequate infrastructure has hampered its utilization thus far.
Growth Factors:
- Increasing demand for syngas from the fertilizer and chemical industries as a result of the growing population and rising income levels in developing countries.
- Proliferation of syngas-based fuel cells as a more efficient and environmentally friendly alternative to traditional combustion-based power generation methods.
- Growing use of syngas as a feedstock for production of biofuels, which helps reduce greenhouse gas emissions and promote energy security.
- Rising demand for hydrogen as an industrial input, particularly in the refining sector, due to its role in improving refinery efficiency and reducing emissions intensity.
Scope Of The Report
Report Attributes
Report Details
Report Title
Syngas Market Research Report
By Type
Coal, Petroleum, Natural Gas, Biomass and Waste
By Application
Chemicals, Power Generation, Liquid Fuels, Gaseous Fuels
By Companies
Dow Chemical, BASF, Siemens, KBR, Inc., Haldor Topsoe, Mitsubishi Heavy Industries, Nippon, Oxea GmbH, GE Energy, Methanex, Linc Energy, Chicago Bridge, Iron Company, Royal Dutch Shell
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Syngas Market Report Segments:
The global Syngas market is segmented on the basis of:
Types
Coal, Petroleum, Natural Gas, Biomass and Waste
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
Chemicals, Power Generation, Liquid Fuels, Gaseous Fuels
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:
- Dow Chemical
- BASF
- Siemens
- KBR, Inc.
- Haldor Topsoe
- Mitsubishi Heavy Industries
- Nippon
- Oxea GmbH
- GE Energy
- Methanex
- Linc Energy
- Chicago Bridge
- Iron Company
- Royal Dutch Shell
Highlights of The Syngas 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:
- Coal
- Petroleum
- Natural Gas
- Biomass and Waste
- By Application:
- Chemicals
- Power Generation
- Liquid Fuels
- Gaseous Fuels
- 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 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 is a mixture of hydrogen and carbon dioxide that is burned to produce energy.
Some of the major companies in the syngas market are Dow Chemical, BASF, Siemens, KBR, Inc., Haldor Topsoe, Mitsubishi Heavy Industries, Nippon, Oxea GmbH, GE Energy, Methanex, Linc Energy, Chicago Bridge, Iron Company, Royal Dutch Shell.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Syngas 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. Syngas Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Syngas Market - Supply Chain
4.5. Global Syngas Market Forecast
4.5.1. Syngas Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Syngas Market Size (000 Units) and Y-o-Y Growth
4.5.3. Syngas Market Absolute $ Opportunity
5. Global Syngas 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. Syngas Market Size and Volume Forecast by Type
5.3.1. Coal
5.3.2. Petroleum
5.3.3. Natural Gas
5.3.4. Biomass and Waste
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Syngas 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. Syngas Market Size and Volume Forecast by Application
6.3.1. Chemicals
6.3.2. Power Generation
6.3.3. Liquid Fuels
6.3.4. Gaseous Fuels
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Syngas 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. Syngas 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 Syngas 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. Syngas 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 Syngas Demand Share Forecast, 2019-2029
9. North America Syngas 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 Syngas 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 Syngas Market Size and Volume Forecast by Application
9.4.1. Chemicals
9.4.2. Power Generation
9.4.3. Liquid Fuels
9.4.4. Gaseous Fuels
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Syngas Market Size and Volume Forecast by Type
9.7.1. Coal
9.7.2. Petroleum
9.7.3. Natural Gas
9.7.4. Biomass and Waste
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 Syngas Demand Share Forecast, 2019-2029
10. Latin America Syngas 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 Syngas 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 Syngas Market Size and Volume Forecast by Application
10.4.1. Chemicals
10.4.2. Power Generation
10.4.3. Liquid Fuels
10.4.4. Gaseous Fuels
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Syngas Market Size and Volume Forecast by Type
10.7.1. Coal
10.7.2. Petroleum
10.7.3. Natural Gas
10.7.4. Biomass and Waste
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 Syngas Demand Share Forecast, 2019-2029
11. Europe Syngas 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 Syngas 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 Syngas Market Size and Volume Forecast by Application
11.4.1. Chemicals
11.4.2. Power Generation
11.4.3. Liquid Fuels
11.4.4. Gaseous Fuels
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Syngas Market Size and Volume Forecast by Type
11.7.1. Coal
11.7.2. Petroleum
11.7.3. Natural Gas
11.7.4. Biomass and Waste
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-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 Syngas Demand Share, 2019-2029
12. Asia Pacific Syngas 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 Syngas 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 Syngas Market Size and Volume Forecast by Application
12.4.1. Chemicals
12.4.2. Power Generation
12.4.3. Liquid Fuels
12.4.4. Gaseous Fuels
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Syngas Market Size and Volume Forecast by Type
12.7.1. Coal
12.7.2. Petroleum
12.7.3. Natural Gas
12.7.4. Biomass and Waste
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 Syngas Demand Share, 2019-2029
13. Middle East & Africa Syngas 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 Syngas 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 Syngas Market Size and Volume Forecast by Application
13.4.1. Chemicals
13.4.2. Power Generation
13.4.3. Liquid Fuels
13.4.4. Gaseous Fuels
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Syngas Market Size and Volume Forecast by Type
13.7.1. Coal
13.7.2. Petroleum
13.7.3. Natural Gas
13.7.4. Biomass and Waste
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 Syngas Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Syngas Market: Market Share Analysis
14.2. Syngas Distributors and Customers
14.3. Syngas Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Dow Chemical
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BASF
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Siemens
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. KBR, Inc.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Haldor Topsoe
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mitsubishi Heavy Industries
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Nippon
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Oxea GmbH
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. GE Energy
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Methanex
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Linc Energy
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Chicago Bridge
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Iron Company
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Royal Dutch Shell
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
