Syngas Market Size is Projected to Climb USD 66.5 Billion by 2027 at a CAGR of 6.1% -MRFR

Syngas, an abbreviated form of synthesis gas, is a mixture of carbon dioxide, carbon monoxide, and hydrogen along with nitrogen and methane. The global Syngas Market report by Market Research Future (MRFR) has been compiled keeping in mind with various government policies and developments in syngas production. Trends, opportunities, drivers, and challenges are written in high detail for the period between 2020 to 2027 (forecast period).

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Market Scope

The global syngas market volume can touch 217,000 MW by 2020 at a CAGR of 6.1% over the forecast period. It can command an attractive demand owing to its use as an intermediate for producing solvents, fertilizers, and fuels. Massive demand for energy and fuels can influence the market growth. Easy access to raw materials is one of the biggest growth drivers of the market. It is used as a fuel or lubricant in combustible engines in the automotive industry.

Biodegradable nature of syngas has attracted many manufacturers looking to transition to eco-friendly formulations. Syngas can be produced from waste materials which would otherwise have been dumped into the ocean. Need for disposal of waste in urban regions combined with energy management can open up new gateways of growth for the global syngas market.

Segmentation

The global syngas market is segmented by feedstock, process, gasifier, and application.

Feedstocks discussed in the market report include water treatment plant sludge, plastic waste, municipal solid waste, biomass, petroleum coke, coal, and others. Coal is the leading sub-segment in the feedstock segment due to its abundance and its methods to convert the fuel into electricity and hydrogen.

By process, the market is segmented into autothermal reforming, pyrolysis, steam reforming, gasification, partial oxidation, and others. Gasification is the most preferred process for production of syngas owing to several advantages over conventional processes. Advantages include low volume of oxygen and process gas.

Gasifiers used in production of syngas comprise fluidized bed, fixed bed, entrained bed, and others. Fluidized bed gasifiers accounted for the largest market share in 2017 owing to better temperature control, large heat storage capacity, and a high volume capacity. But its inability to function at a small scale owing to expensive control systems and above atmospheric pressure levels.

By application, it is segmented into fertilizers, industrial gases, chemical synthesis, power generation, fuels, and others. The chemical synthesis segment is further segmented into oxo chemicals, ethanol, dimethyl ether, dimethyl carbonate, methanol, ammoniasulfates, and others. The expansion of the chemicals industry is bound to drive the demand for feedstocks of syngas. Syngas as the base feedstock for the production of methanol and n-butanol.

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Regional Analysis

The global syngas market has been segmented into five regions - Asia Pacific (APAC), North America, Europe, Latin America, and the Middle East & Africa (MEA).

APAC dominated the global market in 2017 due to high demand for power in the region. Easy access to raw materials and need for fertilizers in Malaysia, Vietnam, Taiwan, and India are major factors driving market growth. The high demand for chemicals and need for eco-friendly alternatives can spark the demand for syngas during the forecast period. Consumption of liquid and gas fuels can augment the global market size in the coming years.

North America and Europe are expected to display high CAGRs during the aforementioned period owing to the need for chemical intermediates. The use of syngas across military & defense, aerospace, electronics, automotive, and construction sectors can fuel the regional market growth.

TABLE OF CONTENTS

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Methodology

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

Continue...

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Competition Outlook

Air Products and Chemicals Inc (US)
Air Liquide (France)
The Linde Group (Germany)
Sasol (South Africa)
Shell (Netherlands)
Synthesis Energy Systems Inc. (US)
Yankuang Group (China)

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