Syngas, also called a synthesis gas, is a mix of carbon monoxide and hydrogen, may be used as a clean alternative to fossil fuels in generating electricity or for the production of liquid fuels such as synthetic diesel, dimethyl ether, and methanol. Syngas can be produced from a variety of different materials that contain carbon. These can include biomass (wood gas), plastics, coal, municipal waste or similar materials. The global syngas market is likely to register a CAGR of over 8.34% with an incremental growth of USD 34.9 billion during the forecast period 2023-2029.
The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global syngas market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the feedstock, technology, gasifier type, application, and region. The global market for syngas can be segmented by feedstock: biomass/waste, coal, natural gas, petroleum coke, others. The natural gas segment held the largest revenue share in 2022. Syngas market is further segmented by technology: gasification, steam reforming. Among these, the gasification segment was accounted for the highest revenue generator in 2022. Based on gasifier type, the syngas market is segmented into: entrained flow gasifier, fixed (moving) bed gasifier, fluidized bed gasifier, others. The fluidized bed gasifier segment captured the largest share of the market in 2022. On the basis of application, the syngas market also can be divided into: chemicals, power generation, others. According to the research, the chemicals segment had the largest share in the global syngas market. Syngas market by region is categorized into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. Asia-Pacific held the largest revenue share in 2022.
The chemicals market is further segmented into acetyls, formaldehyde and resins, methanol, methyl tert-butyl ether (MTBE). Globally, the acetyls segment made up the largest share of the syngas market, representing more than 28.3% of the total market.
Market Segmentation
By feedstock: biomass/waste, coal, natural gas, petroleum coke, others
By technology: gasification, steam reforming
By gasifier type: entrained flow gasifier, fixed (moving) bed gasifier, fluidized bed gasifier, others
By application: chemicals, power generation, others
By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America
The market research report covers the analysis of key stake holders of the global syngas market. Some of the leading players profiled in the report include A.H.T. Syngas Technology N.V., Air Liquide S.A., Air Products and Chemicals Inc., BD Energy Systems, LLC, John Wood Group plc, KBR, Inc., Linde plc, Maire Tecnimont S.p.A., Sasol Limited, Shell plc, Technip Energies N.V., Topsoe A/S, Yingde Gases Group Company Limited/AirPower Technologies Limited, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
*REQUEST FREE SAMPLE TO GET A COMPLETE LIST OF COMPANIES
Scope of the Report
• To analyze and forecast the market size of the global syngas market.
• To classify and forecast the global syngas market based on feedstock, technology, gasifier type, application, region.
• To identify drivers and challenges for the global syngas market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global syngas market.
• To identify and analyze the profile of leading players operating in the global syngas market.
Why Choose This Report
• Gain a reliable outlook of the global syngas market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.
| REPORT ATTRIBUTE | DETAILS |
|---|---|
| Base Year | 2022 |
| Forecast Year | 2023-2029 |
| CAGR (2023-2029) | 8.34% |
| Pages | 90 |
| Key Players | A.H.T. Syngas Technology N.V., Air Liquide S.A., Air Products and Chemicals Inc., BD Energy Systems LLC, John Wood Group plc, KBR Inc., Linde plc, Maire Tecnimont S.p.A., Sasol Limited, Shell plc, Technip Energies N.V., Topsoe A/S, Yingde Gases Group Company Limited/AirPower Technologies Limited |
According to the latest estimates, the global off-grid solar system market is predicted to be growing at a CAGR of over 5.7% from 2023 to 2029. The top market companies…
The global solar tracker market, in terms of revenue, is expected to grow by 7.7 percent annually through 2029, according to the latest estimates. A solar tracker is a device that orients solar panels or photovoltaic modules to follow the movement of the sun throughout the day. By tracking the…
According to the latest research, the green hydrogen market in Southeast Asia is estimated to increase at the rate of 14.6% each year in the period from 2023 to 2029. Green hydrogen is produced using renewable energy sources, such as solar or wind power, through a process called electrolysis. Electrolysis…
Please fill out our form and we will get back to you.
