Press release
Gas To Liquid (GTL) Global Market Projected to Experience a Growth Rate of 6.4% CAGR, Reaching over $10.39 Billion By 2028 | Chevron Corporation, Sasol Limited, Petro SA, Velocys plc, Oltin Yol GTL LLC
Gas To Liquid (GTL) Global Market
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=8154&type=smp
According to The Business Research Company's, The gas to liquid (gtl) market size has grown strongly in recent years. It will grow from $7.6 billion in 2023 to $8.09 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to abundant natural gas resources, strategic location of gas reserves, reduced greenhouse gas emissions, global focus on sustainable energy, market demand for high-quality fuels.
The gas to liquid (gtl) market size is expected to see strong growth in the next few years. It will grow to $10.39 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to rising demand for diesel and jet fuels, government regulations on emissions, focus on circular economy, shift towards cleaner energy sources, energy access in remote areas, global natural gas surplus. Major trends in the forecast period include market expansion in emerging economies, advancements in gtl technology, diversification of gtl product portfolio, integration of gtl with renewable energy, commercialization of small-scale gtl, partnerships and collaborations.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/gas-to-liquid-gtl-global-market-report
Market Drivers and Trends:
The increasing demand for oil and gas is expected to propel the gas-to-liquid (GTL) market going forward. Oil and gas refer to hydrocarbons extracted from beneath the Earth's surface, used primarily as energy sources and raw materials for various industries. Gas-to-Liquid (GTL) technology converts natural gas into liquid fuels, providing a cleaner and more versatile energy source in the oil and gas industry. For instance, in December 2022, according to the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, global oil demand is set to increase by 2.3 million barrels per day (+140 kb/d) in 2022, with projections indicating a growth of million barrels per day when it will reach 101.6 million barrels per day. Therefore, the increasing demand for oil and gas is driving the gas-to-liquid (GTL) market.
Technological advancement is the key trend gaining popularity in the gas-to-liquid (GTL) market. 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 liter 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.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Royal Dutch Shell plc, Chevron Corporation, Sasol Limited, Petro SA, Velocys plc, Oryx Gas-to-Liquids Limited, Oltin Yol GTL LLC, Linc Energy Limited, CompactGTL Limited, Primus Green Energy Inc., Gas Technologies LLC, NRG Energy Inc., Petroleo Brasileiro S.A., ExxonMobil Corporation, Linde plc, QatarEnergy, Saudi Arabian Oil Company, Devon Energy Corporation, ConocoPhillips Company, Ventech Engineers International LLC, Axens SA, Infra Green Technologies Limited, Black & Veatch Corp., Equinor ASA, Greyrock Energy Inc., Haldor Topsoe A/S, KBR Inc., Kenon Holdings Ltd., The Nigerian National Petroleum Corporation Limited, OxEon Energy LLC, ENI S.p.A., BP plc, TotalEnergies SE, TechnipFMC plc, Air Liquide S.A., Siemens AG, General Electric Company, Honeywell International Inc., Johnson Matthey plc, Amec Foster Wheeler AG, Uhde GmbH, GTL Limited
Gas To Liquid (GTL) Market 2024 Key Insights:
• The gas to liquid (gtl) market size is expected to see strong growth in the next few years. It will grow to $10.39 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%.
• Surge In Natural Gas Production Fuels Growth In Gas-To-Liquid (GTL) Market
• Technological Advancements Drive Innovation In Gas-To-Liquid (GTL) Market
• Middle East was the largest region in the gas to liquid market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=8154&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Gas To Liquid (GTL) Global Market Projected to Experience a Growth Rate of 6.4% CAGR, Reaching over $10.39 Billion By 2028 | Chevron Corporation, Sasol Limited, Petro SA, Velocys plc, Oltin Yol GTL LLC here
News-ID: 3742816 • Views: …
More Releases from The Business research company
Surgical Meshes Market Landscape to 2034: Key Forces Shaping the Next Decade of …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Surgical Meshes Market Size By 2025?
In the past few years, the market size of surgical meshes has seen significant growth. It is projected to expand from $2.03 billion in 2024 to $2.18 billion in 2025, indicating a Compound Annual Growth Rate (CAGR) of 7.3%.…
Rehabilitation Equipment Market Poised to Hit $23.97 Billion by 2029 with Accele …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Rehabilitation Equipment Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a significant growth in the size of the rehabilitation equipment market. Projected to increase from $17.36 billion in 2024, it is expected to reach $18.49 billion in 2025, with a compound annual…
Future of the Pediatric Neurology Device Market: Strategic Analysis and Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Pediatric Neurology Device Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for pediatric neurology devices has seen significant expansion in recent years, climbing from $2.5 billion in 2024 to an anticipated $2.65 billion in 2025, reflecting a compound annual growth rate (CAGR)…
Key Trends Influencing the Growth of the Orthokeratology Lens Market in 2025: In …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Orthokeratology Lens Market Through 2025?
The market for orthokeratology lenses has seen a significant increase in size over recent years. It's projected to expand from $2.56 billion in 2024 to $2.75 billion in 2025, with a compound annual growth rate (CAGR) of…
More Releases for GTL
Gas-to-liquid (GTL) Market 2021 Strategic Assessment - Shell, Oryx GTL, PetroS …
Global Gas-to-liquid (GTL) Market Size, Status and Forecast 2021-2027
The Gas-to-liquid (GTL) Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and…
Gas-to-liquid (GTL) Global Market 2018: Key Players – Shell, ORYX GTL, PetroSA …
Gas-to-liquid (GTL) Industry
Description
Wiseguyreports.Com Adds “Gas-to-liquid (GTL) -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2023” To Its Research Database
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…
Gas-to-liquid (GTL) Market 2018 - Leading Players - Shell, Oryx GTL, PetroSA, OL …
Gas-to-liquid (GTL) Market Research Report
The global Gas-to-liquid (GTL) market report provides an in-depth analysis of the Gas-to-liquid (GTL) industry, analyzing the potential of the market and provides data and forecasts on the market structure, dynamics, and trends.
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.
Gas to liquids (GTL) is a refinery…
Gas-to-liquid (GTL) Market Is Thriving Worldwide | Shell, Oryx GTL, PetroSA, OLT …
HTF MI recently introduced Global Gas-to-liquid (GTL) Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Shell, Oryx GTL, PetroSA, OLTIN YO'L GTL & Chevron etc.
Request…
Global Gas-to-liquid (GTL) Market 2018 - Shell, ORYX GTL, PetroSA, OLTIN YO'L GT …
Apex Market Research, recently published a detailed market research study focused on the “Gas-to-liquid (GTL) Market” across the global, regional and country level. The report provides 360° analysis of “Gas-to-liquid (GTL) Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Gas-to-liquid (GTL) on…
Global Gas-to-liquid (GTL) Market 2017 - Shell, ORYX GTL, PetroSA, OLTIN YO’L …
Global Gas-to-liquid (GTL) Market 2017 Analysis Report audits a Market Regions, Product Categories, with Sales, Business Revenue, Goods cost, Gas-to-liquid (GTL) piece of the overall industry and Growth patterns, concentrating on driving Gas-to-liquid (GTL) industry players, showcase size, request and supply examination, utilization volume, Forecast 2017 to 2022.
Get Free Sample Copy of Report Here: https://goo.gl/8g35H6
Top Manufacturers Analysis of This Report
Shell
ORYX GTL
PetroSA
OLTIN YO’L GTL
Chevron
The Global Gas-to-liquid (GTL) report gives a thorough…
