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Gas To Liquid (GTL) Market Top Industry Players, Size, Share, Demand Analysis, Revenue And Forecast 2032 || Shell plc, Chevron Corporation, Sasol Limited, PetroSA, Velocys, ORYX GTL, Oltin Yol GTL
Gas To Liquid (GTL) Market
The Business Research Company's Gas To Liquid (GTL) Global Market Report 2023 identifies the rise in natural gas production as the major driver for the gas to liquid (GTL) market's growth in the forecast period. Natural gas refers to a colourless flammable gaseous hydrocarbon commonly composed of methane and ethane to generate heat and power in natural gas production. Gas-to-liquid (GTL) technology helps produce colourless and odourless hydrocarbons such as clean-burning fuel, liquid petroleum gas, base oil, and naphtha. For instance, in 2020, according to the US Energy Information Administration (EIA), the US-based Federal Statistical System for collecting, analysing, and disseminating energy information, total natural gas production increased by 10%, accounting for 3.5 trillion cubic feet (Tcf), with an average of 91.5 billion cubic feet per day in the year 2020. Therefore, the rise in natural gas production is driving the growth of the gas-to-liquid (GTL) market.
The global gas to liquid market size is expected to grow from $7.16 billion in 2022 to $7.64 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The gas to liquid market size is expected to reach $9.64 billion in 2027 at a CAGR of 6%.
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Major competitors in the gas to liquid (GTL) market are Shell plc, Chevron Corporation, Sasol Limited, PetroSA, Velocys, ORYX GTL, Oltin Yol GTL, Linc Energy, CompactGTL, Primus Green Energy, Gas Technologies LLC, NRG Energy Inc., Petróleo Brasileiro S A, ExxonMobil Corporation, Linde plc, QatarEnergy, Saudi Aramco, Devon Energy Corporation.
A key trend in the gas to liquid (GTL) market includes technological advancement. Major companies operating in the market are focused on developing advanced innovations such as Shell Advance Fuel Save 10W30, which works on Shell's patented PurePlus Technology to sustain their position in the market. For instance, in April 2022, Shell plc, a UK-based multinational company operating in energy products, introduced Shell Advance Fuel Save 10W30, a motorcycle oil that offers easy gear shifting and smooth clutch control. With the help of the latest Shell's patented PurePlus Technology, it helps to reduce engine vibration and noise to provide a smooth riding experience for motorcycles. Additionally, it provides customers with an extra mileage of 5 km per litre of fuel to minimize their running costs and offers cleaning of sleds and deposits in pistons and engines for superior wear protection while retaining horsepower.
Read More On The Global Gas To Liquid (GTL) Market Report Here:
https://www.thebusinessresearchcompany.com/report/gas-to-liquid-gtl-global-market-report
The Gas To Liquid (GTL) market is segmented -
• By Product: Natural Gasoline, Isobutene, Propane, Ethane
• By Processing Technology: Methanol to Gasoline (MTG), Fischer-Tropsch (FT), Syngas to Gasoline Plus Process, Other Processing Technology
• By Plant Size: Small-Scale Plant, Large-Scale Plant
• By Application: Fuel Oil, Lubricating Oil, Process Oil, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Middle East was the largest region in the gas to liquid market
The Business Research Company's "Global Gas To Liquid (GTL) Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Gas To Liquid (GTL) Market Include:
1. Executive Summary
2. Gas To Liquid (GTL) Market Characteristics
3. Gas To Liquid (GTL) Market Trends And Strategies
4. Gas To Liquid (GTL) Market - Macro Economic Scenario
5. Gas To Liquid (GTL) Market Size And Growth
……………
27. Gas To Liquid (GTL) Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Gas To Liquid (GTL) Market
29. Gas To Liquid (GTL) Market Future Outlook And Potential Analysis
30. Appendix
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Top Manufacturers Analysis of This Report
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ORYX GTL
PetroSA
OLTIN YO’L GTL
Chevron
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