What is Synthesis Gas Market?
Synthetic Gas or Syngas is a fuel gas mixture consists of hydrogen, carbon monoxide, and some carbon dioxide. It is usually a product of coal gasification and can be used as a fuel for internal combustion engines and for electricity generation. It is produced from many sources such as natural gas, coal, etc. by various production methods like steam reforming, dry reforming, etc.
The market study is being classified, by Application (Electricity Generation, Chemical Production (Methanol, Ammonia, Hydrogen), Liquid Fuels and Gaseous Fuels) and major geographies with country level break-up.
Air Products Inc. (United States), Air Liquide S.A (France), BASF SE (Germany), Siemens (Germany), BP PLC (United Kingdom), Royal Dutch Shell PLC (Netherlands), Haldor Topsoe A/S (Denmark), KBR Inc. (United States), Linde plc (Ireland) and Sasol (South Africa) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are OQ Chemicals GmbH (Germany), SynGas Technology LLC (United States) and John Wood Group PLC (United Kingdom).
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Synthesis Gas market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Synthesis Gas market by Type, Application and Region.
On the basis of geography, the market of Synthesis Gas has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Demand for Syngas from the Chemical and Power Sector
- Availability of Feedstock for Syngas Production
- Growing Demand for Electricity Generation
- High Capital Investment and Funding
- Growing Environmental Consciousness and Stringent Government Regulations Regarding the Usage of Clean Fuels
- Development of Underground Coal Gasification Technology
- Safety Concerns over Syngas Technologies and Derivatives
Market Leaders and some development strategies
In May 2018, Air Products Inc. has acquired General Electric Company’s gasification business to further strengthening the company's business.
In May 2020, Linde plc has started up a new state-of-the-art syngas processing plant in Geismar, Louisiana. The new plant will supply carbon monoxide and hydrogen to a top global chemical company as well as other refining and chemical customers.
Key Target AudienceSynthesis Gas Manufacturers, Raw Material Suppliers, Traders/Distributors/Exporters/Importers, Oil & Gas Companies, Chemical Manufacturers, Industry Bodies & Associations, End-Use Industries and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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