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Synthetic Fuels Market worth $69.02 billion by 2030, growing at a CAGR of 5.79% - Exclusive Report by 360iResearch

02-28-2024 06:23 AM CET | Energy & Environment

Press release from: 360iResearch

Synthetic Fuels Market | 360iResearch

Synthetic Fuels Market | 360iResearch

The "Synthetic Fuels Market by Type (Biomass to Liquid Fuel, Gas to Liquid Fuel, Methanol to Liquid Fuel), Refining Method (Coal Liquefaction, Fischer-Tropsch Conversion, Methanol to Gasoline Conversion), Raw Material, Application, End-user - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Synthetic Fuels Market to grow from USD 46.53 billion in 2023 to USD 69.02 billion by 2030, at a CAGR of 5.79%.

Request a Free Sample Report @ https://www.360iresearch.com/library/intelligence/synthetic-fuels?utm_source=openpr&utm_medium=referral&utm_campaign=sample

Synthetic fuels are liquid fuels with identical properties to fossil fuels but are created artificially and can be used the same way fossil fuels are used worldwide. Synthetic fuel is generally obtained from a mixture of hydrogen and carbon monoxide, which are synthetic gases. Rapid surges in fossil fuel prices worldwide can create demand for synthetic fuels. Moreover, increasing environmental issues and stringent regulations on carbon emissions propel the market expansion. The higher cost associated with the production and distribution of synthetic fuel than conventional fuels remains a significant restraint for market growth. Pollution caused by manufacturing processes of synthetic fuels might hinder market developments. Ongoing research activities to reduce oil dependence and integrate synthetic fuels with the existing transportation infrastructure provide lucrative industry growth opportunities.

With the increase in oil prices, synthetic fuels have become more practical. The U.S. government has undertaken several projects to look into the process. In particular, the Defense Department has studied synthetic fuels to supply transportation fuel without depending on overseas suppliers. Moreover, there is growing investment in the public and private sectors for promoting synthetic fuel manufacturing and usage in North America. In Europe, synthetic fuel is gaining traction owing to the developed automotive sector and growing interest in reducing conventional fuel consumption and greenhouse gas emissions. The Asia-Pacific has witnessed significant growth in the synthetic fuel market owing to the clean energy initiative and efforts to reduce carbon emissions. Several economies, including India, China, Japan, South Korea, and Australia, actively invest in synthetic fuel technologies.

Market Segmentation & Coverage:

This research report categorizes the Synthetic Fuels Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Type, market is studied across Biomass to Liquid Fuel, Gas to Liquid Fuel, Methanol to Liquid Fuel, and Power to Liquid Fuel. The Power to Liquid Fuel is further studied across Sun to Liquid Fuel and Wind to Liquid Fuel. The Methanol to Liquid Fuel is projected to witness significant market share during forecast period.

Based on Refining Method, market is studied across Coal Liquefaction, Fischer-Tropsch Conversion, and Methanol to Gasoline Conversion. The Fischer-Tropsch Conversion is projected to witness significant market share during forecast period.

Based on Raw Material, market is studied across Biomass, Coal, and Natural Gas. The Biomass is projected to witness significant market share during forecast period.

Based on Application, market is studied across Diesel, Gasoline, and Kerosene. The Gasoline is projected to witness significant market share during forecast period.

Based on End-user, market is studied across Industrial, Manufacturing, and Transportation. The Industrial is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 37.21% in 2023, followed by Americas.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Synthetic Fuels Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Synthetic Fuels Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Synthetic Fuels Market, highlighting leading vendors and their innovative profiles. These include Abu Dhabi National Oil Company, BP PLC, Celanese Corporation, Chevron Corporation, China National Petroleum Corporation, Dakota Gasification Company, DGFuels, LLC, Dr. Ing. h.c. F. Porsche AG, Ekobenz Sp. z o. o., ENEOS Group, Exxon Mobil Corporation, HIF Global, Honeywell International Inc., Idemitsu Kosan Co.,Ltd., Indian Oil Corporation Limited, INERATEC GmbH, Linde PLC, Maire Tecnimont S.p.A., Mitsubishi Corporation, Neste Corporation, Norsk e-Fuel AS, ORLEN S.A., Osaka Gas Co., Ltd., PetroSA, Phillips 66, QatarEnergy, RWE AG, Sasol Limited, Saudi Arabian Oil Company, Shell PLC, Siemens Energy AG, Sumitomo Heavy Industries, Ltd., Sunfire GmbH, Synhelion SA, Synthesis Energy Systems, Inc., Toho Gas Co., Ltd., Tokyo Gas Co., Ltd., Topsoe A/S, TotalEnergies SE, Upcycle Technologies, Yokogawa Electric Corporation, and Zero Petroleum Limited.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Synthetic Fuels Market, by Type
7. Synthetic Fuels Market, by Refining Method
8. Synthetic Fuels Market, by Raw Material
9. Synthetic Fuels Market, by Application
10. Synthetic Fuels Market, by End-user
11. Americas Synthetic Fuels Market
12. Asia-Pacific Synthetic Fuels Market
13. Europe, Middle East & Africa Synthetic Fuels Market
14. Competitive Landscape
15. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Synthetic Fuels Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Synthetic Fuels Market?
3. What is the competitive strategic window for opportunities in the Synthetic Fuels Market?
4. What are the technology trends and regulatory frameworks in the Synthetic Fuels Market?
5. What is the market share of the leading vendors in the Synthetic Fuels Market?
6. What modes and strategic moves are considered suitable for entering the Synthetic Fuels Market?

Read More @ https://www.360iresearch.com/library/intelligence/synthetic-fuels?utm_source=openpr&utm_medium=referral&utm_campaign=analyst

Contact 360iResearch

Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550

About 360iResearch

360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

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