Global Syngas and Derivatives Market: Emergence of Syngas as Alternative to Fossil Fuel to Drive Growth, observes TMR
Browse Market Research Report @: http://www.transparencymarketresearch.com/syngas-derivatives-market.html
According to the research report, the overall consumption of syngas and derivatives which were 115,000 MWth in 2015, is likely to swell at a healthy CAGR of 9.40% during the period from 2016 and 2024 and reach 256,605 MWth consumption volume by the end of the forecast period. Biomass gasification is the most applied technology for manufacturing of syngas and derivatives across the world and is likely to remain so over the next few years.
Global Syngas and Derivatives Market to Remain Dominated by Asia Pacific
In this research report, the worldwide market for syngas and derivatives has also been analyzed on the basis of geography. As per the study, Asia Pacific, the Middle East and Africa, North America, Europe, and Latin America are considered as the main geographical segments of this market. In 2015, Asia Pacific led the global market with a share of more than 52%. The regional market is anticipated to retain its dominance over the forecast period, thanks to the availability of coal and natural gas reserves in abundance. The rise in urbanization, infrastructural developments, and the continual discoveries in the field of oil and gas are also projected to support the Asia Pacific market for syngas and derivatives over the forthcoming years.
The market for syngas and derivatives in the Middle East and Africa, which stood second in 2015, is anticipated to maintain its position in the near future, owing to the augmenting usage of syngas for the generation of power electricity. On the flip side, the markets in North America, Latin America, and Europe are predicted to witness a sluggish rise over the years to come, notes the market study.
Fill the form for an exclusive sample of this report @: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2284
Concerns over Limited Number of Fossil Fuel Resources to Prompt Shift towards Syngas and Derivatives
The increasing concerns over the finite number of fossil fuel resources, coupled with the rising level of pollution caused by them in the atmosphere, has fueled the need to reduce the dependency on them. “With syngas emerging as a promising alternative to fossil fuel, its demand has swelled substantially, resulting in a significant rise in the global market for syngas and derivatives,” says a TMR analyst.
Apart from this, the rising usage of derivatives in a number of industrial applications is also reflecting positively on this market. Going forward, the growing demand for fuel, electricity, and agricultural products is expected to boost this market considerably in the near future. However, insufficient capital investment and funding may hamper the growth of this market over the next few years, reports the study.
The study presented here is based on a report by Transparency Market Research (TMR) titled “Syngas and Derivatives Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 - 2024.”
The global syngas and derivatives market has been segmented as follows:
Natural Gas/Biomass Waste
By Production Technology
By End User
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
90 State Street, Suite 700
Albany, NY 12207
This release was published on openPR.
Permanent link to this press release:
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 Global Syngas and Derivatives Market: Emergence of Syngas as Alternative to Fossil Fuel to Drive Growth, observes TMR here
News-ID: 560362 • Views: 594
More Releases from TMR-Research Reports
Chemical Mechanical Planarization Market Global Market Opportunity Assessment St …
The semiconductor wafer fabrication process includes a critical technological procedure called as chemical mechanical planarization (CMP). The top surface of the wafer is planarized or polished in this procedure to produce a flat surface that is flawless and is essential to make powerful and faster semiconductor devices. Constant improvements in chemical mechanical planarization has significantly helped in enhancing the output of semiconductor devices and that too at a fairly lesser
Oil Storage Market Global Industry Analysis Forecast 2016 – 2024
The global oil storage market is considerably consolidated as the top five players, namely NuStar Energy L.P., Buckeye Partners L.P., Oiltanking GmbH, Kinder Morgan Inc., and Royal Vopak N.V. held over 67% of global market in 2014. Transparency Market Research (TMR) has estimated that the degree of competition will escalate due to increasing investments by some of the key market players. The threat from new entrants is expected to remain
Biofertilizers Market Insights with Key Company Profiles - Forecast to 2025
A recent intelligence study by Transparency Market Research (TMR) suggests that the global biofertilizers market is largely fragmented, though a few companies do hold slightly dominant position via diverse product portfolio and geographical reach. The report identifies Biomax, PotashCorp Agri Life, Italpollina SpA, Bodisen Biotech, Inc., Protan AG , Novozymes A/S , T. Stanes & Company Limited, Gujarat State Fertilizers and Chemicals Ltd., Symborg S.L, Rashtriya Chemicals and Fertilizers Limited,
Alcohol-Based Disinfectants Market Evolving Industry Trends 2020
The global alcohol-based disinfectants market is foreseen to rake in a high demand in the near future while riding on the ability of the disinfectants to efficiently eliminate germs and evaporate soon after. Besides hand sanitizing, alcohol-based disinfectants could be engaged for other applications such as food sanitization. Since a substantial count of manufacturers perform downstream activities, there could be a high degree of forward integration taking shape in the
More Releases for Syngas
Global Syngas & Derivatives Market SWOT Analysis, Key Indicators, Forecast 2027 …
Syngas & Derivatives The business report released by Zion Market Research on Global Syngas & Derivatives Market Research Report Covers, Present Data and Deep Analysis, And Forecast, 2021-2027 market is focused to facilitate a deep understanding of the market definition, potential, and scope. The report is curated after deep research and analysis by experts. It consists of an organized and methodical explanation of current market trends to assist the users to
Global Syngas And Derivatives Market: Emergence Of Syngas As Alternative To Foss …
A new study by Transparency Market Research (TMR) states that the degree of competition between BASF SE, Air Liquide SA, Sasol Ltd., and The Linde Group defines the competitive landscape of the global syngas and derivatives market . Over the coming years, the rivalry between these players is likely to increase substantially due to their rising involvement in mergers, acquisitions, and partnerships. According to the research report, the overall consumption
Global Syngas and Derivatives Market: Emergence of Syngas as Alternative to Foss …
A new study by Transparency Market Research (TMR) states that the degree of competition between BASF SE, Air Liquide SA, Sasol Ltd., and The Linde Group defines the competitive landscape of the global syngas and derivatives market . Over the coming years, the rivalry between these players is likely to increase substantially due to their rising involvement in mergers, acquisitions, and partnerships. Read Report Overview @ https://www.transparencymarketresearch.com/syngas-derivatives-market.html According to the research report,
Syngas and Derivatives Market to Develop Rapidly by 2024
A new study by Transparency Market Research (TMR) states that the degree of competition between BASF SE, Air Liquide SA, Sasol Ltd., and The Linde Group defines the competitive landscape of the global syngas and derivatives market. Over the coming years, the rivalry between these players is likely to increase substantially due to their rising involvement in mergers, acquisitions, and partnerships. View Full Report: https://www.transparencymarketresearch.com/syngas-derivatives-market.html According to the research report,
Syngas and Derivatives Market Report 2017
Syngas and Derivatives United States Syngas and Derivatives market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. View Entire Report @ https://www.reportsandmarkets.com/reports/united-states-syngas-and-derivatives-market-report-2017-1642101 Geographically, this report splits the United States market into seven regions: The West Southwest The Middle Atlantic New England The South The Midwest with sales (volume), revenue (value), market share and growth rate
Global Syngas Market Research Report 2017 - 2022
The report Global Syngas Market 2016 is a professional, in-depth study that includes insights extracted from complex information, which clients can use for their business advantage. A large volume of precise, reliable market data has been distilled into clear and actionable insight for clients so that they can formulate their plans or make crucial business decisions with precision. Read Complete Report @ http://www.9dresearchgroup.com/market-analysis/syngas-market-2016-global-industry-size-trends-growth.html The report begins with an overview of the Syngas