Emergen Research has published a novel research report titled, “Global Syngas Market Forecast to 2030”. The report sheds light on the current as well as upcoming market trends. The report offers precise information about pricing, capacity, value, gross revenue, and profit of the market. The primary aim of the report is to offer in depth details about market size, revenue growth and overall market dynamics to readers, stakeholders, companies to strengthen their share in the global Syngas Market. It also provides in depth information about key factors, restraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation.
The global syngas market size was USD 48.71 Billion in 2021 and is expected to register a revenue CAGR of 5.9% over the forecast period. Increasing investment in power generation in various countries and rapid adoption of Underground coal gasification (UCG) process are driving demand for syngas. In addition, increasing demand for alternative and renewable sources of fuel is expected to drive revenue growth of the market.
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UCG process converts underground coal into a mixture of gaseous products. Methane, hydrogen, carbon monoxide, and carbon dioxide are the primary byproducts. Syngas is a mixture of hydrogen and carbon monoxide that can be used to create liquid fuel or synthetic natural gas. To inject and extract gas in UCG, wells are drilled deep into the coal seam.
In principle, coal can be burned underground at high pressure to create the gases by pumping air or oxygen into the coal seam; these gases are then retrieved through separate wells to the surface. UCG does away with the requirement for mining, as well as the related risks to miners and environmental damage. Due to the fact that only one-sixth to one-eighth of the world's coal reserves can be commercially mined, it also converts deep or difficult-to-access coal seams into useful energy resources. According to experts, UCG could raise the U.S. reserves of useable coal by 300%. Rapid adoption of the UCG process is driving revenue growth of the market.
Key insights presented in the report:
Market revenue shares by major business players, by type, by application, and market scope of global Syngas market
Sales revenue by key players and new entrants
Competitive analysis of key players, including aspects such as company overview, product or services specification, vendors, and buyers
Recent mergers, acquisitions, product launches, recent investments, and joint ventures
Regional analysis to provide insight into recent trends and opportunities
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Competitive Terrain:
The Global Syngas Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold.
The leading market contenders listed in the report are as follows:
Air Products Inc., KBR Inc., Linde plc, Siemens, Haldor Topsoe A/S, Air Liquide, BASF SE, Synthesis Energy Systems, Inc., Dow Inc., and Sasol Limited
The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
Emergen Research has segmented the global syngas market based on production technology, gasifier type, feedstock, application, and region:
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By Production Technology Outlook (Revenue, USD Billion, 2019–2030)
- Steam Reforming
- Partial Oxidation
- Auto-Thermal Reforming
- Two-step Reforming
- Biomass Gasification
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Gasifier Type Outlook (Revenue, USD Billion, 2019–2030)
- Moving Bed Gasifier
- Fluidized Bed Gasifier
- Entrained Flow Gasifier
- Others
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Feedstock Outlook (Revenue, USD Billion, 2019–2030)
- Coal
- Natural Gas
- Petroleum Byproducts
- Biomass
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Application Outlook (Revenue, USD Billion, 2019–2030)
- Chemicals
- Fuel,
- Electricity
- Others
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Global Syngas Market Geographical Landscape - Synopsis:
The report closely studies the growth trajectory of the global Syngas market. It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
The study elaborates on the crucial information pertaining to the regional market share. It simultaneously focuses on the significant details about the growth patterns of each regional market.
Moreover, the report encases an exhaustive geographical study of the market, emphasizing the business growth prospects and market barriers for each of the key market regions.
Highlights of Table of Contents (TOC):
Overview of Global Syngas Market
Competitive analysis of the Syngas market
Regional analysis of Global Syngas market production and revenue
Regional analysis of Global Syngas market supply, consumption, and export & import
Type-based market analysis of global Syngas production, revenue, and price trends
Application-based analysis of the global Syngas market
Manufacturer profiles, manufacturing cost, and upstream and downstream analysis of global Syngas market
Global Syngas market forecast (2020-2027)
Conclusion of the research report
Appendix
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