Syngas Market Growing Popularity and Emerging Trends | BASF SE, John Wood Group, Royal Dutch Shell, Sasol Limited, Siemens

According to a new report published by Report Ocean titled, Syngas Market by Gasifier, Technology, Feedstock, and Application: Opportunity Analysis and Industry Forecast, 2020–2027, the global syngas market was valued at $43.6 billion in 2019, and is projected to reach $66.5 billion by 2027, growing at a CAGR of 6.1% from 2020 to 2027.

Get free sample copy before purchase: https://reportocean.com/industry-verticals/sample-request?report_id=AMR1680

Syngas, which consists of hydrogen and carbon dioxide, is a natural gas fusion. It is an adaptable intermediate used in methanol, ammonia, and SNG manufacturing. Syngas is created by a reaction between steam and oxygen from several hydrocarbon feedstocks.

Increase in environmental issues has been the key driver of the syngas market. This is attributed to the syngas is widely used as clean and renewable energy to replace conventional sources of energy. In addition, owing to the outbreak of COVID-19, rise in demand for chemical intermediaries in the production of hygiene and sanitation and pharmaceutical products is expected to drive the need for syngas in the chemical industry.

In the 2019, the fluidized-bed gasifiers segment garnered the largest share. Major benefits of fluidized-bed gasifiers include fuel flexibility resulting from good mixing of feedstock and oxidants to ensure efficient heat and mass transfer, and their ability to deal with small particles.

The steam reforming segment held the major share in in 2019. Steam reforming is the most utilized and cost-effective technology for the production of syngas.

Coal dominated the feedstock segment by accounting for the largest share of 69.8%. The processing of syngas includes coal, an abundantly available raw material. Coal gasification is flexible and is the cleanest way to turn coal into hydrogen, power, and other useful items.

Depending on application, the chemical industry dominated the market, owing to increase in demand for syngas from the chemical industry. As the demand for gaseous fuels rises, the market is expected to expand further.

Key Players analyzed and profiled in the global syngas market Air Liquide, Air Products and Chemicals Inc., BASF SE, John Wood Group, Royal Dutch Shell, Sasol Limited, Siemens, Syngas Energy Holdings, SynGas Technology LLC, and The Linde Group.

Enquire for customization in Report @ https://reportocean.com/industry-verticals/sample-request?report_id=AMR1680

Key Findings Of The Study

Based on gasifier, the fluidized bed gasifier is likely to witness the growth rate of 40.1%, in terms of revenue, during the forecast period.
On the basis of technology, the steam reforming segment emerged as the global leader with more than 39.6% share in 2019.
By feedstock, the coal segment is anticipated to witness moderate growth rate of 69.8%, in terms of revenue, during the forecast period.
Depending on application, the chemicals segment dominated the global syngas market with around 61.3% global market share in 2019.
Countries such as China, India, and Indonesia are emerging as an investment-centric hubs due to wide scope in the manufacturing sector.
Impact Of Covid-19 On The Global Syngas Market

COVID-19 has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
Some of the major economies suffering the COVID-19 crises include Germany, France, Italy, Spain, the UK, and Norway.
Syngas is primarily used in power generation, chemicals, and liquid fuels, and as an impact of national lockdown, these sectors were experiencing a slight decline in growth rate.
In many countries, the economy has dropped due to the halt of several industries, especially transport and supply chain. Demand for the product has been hindered as there is no development due to the implementation of lockdown.
The demand–supply gap, disruptions in raw material procurement, and price volatility are expected to hamper the growth of the chemical industry during the COVID-19 pandemic.

Buy this research report @ https://reportocean.com/industry-verticals/sample-request?report_id=AMR1680

Extracts from the TOC:
The exhaustive study has been prepared painstakingly by considering all important parameters. Some of these were
CHAPTER 1:INTRODUCTION
1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology
1.4.1.Secondary research
1.4.2.Primary research
1.5.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pockets
3.3.Porter's five forces analysis
3.4.Market dynamics
3.4.1.Drivers
3.4.1.1.Use of syngas in industrial applications
3.4.1.2.Increase in use in power generation industry
3.4.2.Restraint
3.4.2.1.High capital investments
3.4.3.Opportunity
3.4.3.1.Increase in demand for chemicals
3.5.Patent analysis, 2015-2020
3.5.1.Patent analysis, by country
3.6.Impact of government rules and regulations
3.7.Impact of Corona (COVID 19) outbreak on the syngas market
3.8.Pricing analysis

CHAPTER 4:SYNGAS MARKET, BY GASIFIER
4.1.Overview
4.1.1.Market size and forecast
4.2.Moving Bed Gasifier
4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market share analysis, by country
4.3.Fluidized Bed Gasifier
4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market share analysis, by country
4.4.Entrained Flow Gasifier
4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market share analysis, by country
4.5.Others
4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast, by region
4.5.3.Market share analysis, by country

CHAPTER 5:SYNGAS MARKET, BY TECHNOLOGY

Continue.....

Read Detailed Index of full Research Study at @ https://reportocean.com/industry-verticals/sample-request?report_id=AMR1680

Get in Touch with Us:
Report Ocean
Email: sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, IIIinois 60611 – UNITED STATES
Tel: +1 888 212 3539 (US – TOLL FREE)
Website: https://www.reportocean.com/

We are the best market research reports provider in the industry. Report Ocean believe in providing the quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is “one-stop solution” for individuals, organizations, and industries that are looking for innovative market research reports.

This release was published on openPR.