Gas to Liquids (GTL) Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

Gas to Liquids (GTL) - Market

The global Gas to Liquids (GTL) market size is expected to reach US$ 73 million by 2029, growing at a CAGR of 3.7% from 2023 to 2029.

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Gas to liquids (GTL) is a refinery process to convert natural gas or other gaseous hydrocarbons into longer-chain hydrocarbons such as gasoline or diesel fuel. Methane-rich gases are converted into liquid synthetic fuels either via direct conversion using the new GasTechno® non-catalytic gas-to-liquids process that converts methane to methanol in one step. Or via syngas as an intermediate, for example using the Fischer Tropsch or Mobil processes.

The market is mainly driven by the significant applications of Gas to Liquids (GTL) in various end use industries. The expanding demands from the Naphtha, Paraffin, Kerosene and Lubricants, are propelling Gas to Liquids (GTL) market. Chemical Cleavage, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Biodegradable segment is estimated at % CAGR for the next seven-year period.

GTL Diesel accounts for more than 68% of the market, and the market share has not changed a lot. GTL Naphtha is much fewer than GTL Diesel.

By Type
• Chemical Cleavage
• Biodegradable

By Application
• Naphtha
• Paraffin
• Kerosene
• Lubricants

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This release was published on openPR.