Press release
Synthetic Natural Gas (SNG) Global market, with capacity, production, price, revenue and market share for each manufacturer 2017- 2025
SNG is a fuel gas that can be produced from renewable sources and fossil fuels such as biofuels and coal. It serves as a substitute for natural gas, and is ideal for transmission in natural gas pipelines. It is produced via gasification of coal and or biomass followed by methanation. SNG is also known as green gas and can be converted from coal through five processes: steam-oxygen gasification, catalytic steam gasification, hydrogasification, underground steam-oxygen gasification, and underground hydrogasification.
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Restricted supply and high price of natural gas are driving the demand for SNG. Increase in government initiatives to invest significantly in the production of renewable energy sources to curb carbon emissions and ensure a stable supply of energy and inventiveness pertaining to waste management are estimated to propel the global SNG market. However, high cost involved in establishing an SNG plant and increase in prices of fossil fuel are expected to hamper the SNG market during the forecast period. SNG is a solution for medium to long term and has wide scope in bio-SNG production. Bio-SNG is produced in a manner similar to SNG; however, it is made through the gasification of biomass such as forestry residues or energy crops.
Based on source, the SNG market can be segmented into coal, biomass, solid?waste, and others. Synthetic?natural?gas?or?substitute?natural?gas?is?an?artificially?produced?version?of?natural gas. SNG can be produced from coal, biomass, petroleum coke, and solid waste. The?carbon?containing?mass?is?gasified, resulting in?syngas?that can be?then converted?to?methane, the?major?component?of?natural?gas. The coal segment is anticipated to dominate the SNG market, as coal helps lower natural gas imports and stabilizes fuel prices.
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In terms of application, the SNG market can be split into residential, commercial, and industrial. SNG has a vast potential market; any application that currently uses natural gas could use SNG. Gasification is widely used on-site in industrial applications to produce SNG and electricity, allowing continued operation of natural gas equipment but from a coal source. Thus, the industrial segment is also projected to account for key share of the SNG market during the forecast period.
In terms of region, the SNG market can be segregated into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Rise in demand for SNG in countries such as China, Japan, and India is significantly boosting the market in Asia Pacific. Latin America and Middle East & Africa also account for major share of the SNG market. This can be ascribed to the increase in demand for SNG in key applications such as industrial and commercial. The SNG market in North America is estimated to expand at a considerable pace during the forecast period owing to the rise in adoption of alternatives and renewable energy sources in the U.S. and Canada.
Global players are adopting research and development strategies and engaging in technological advancements in order to produce SNG and bio-SNG. Prominent companies operating in the SNG market include Dakota Gasification Company, ZSW, Air Liquide, and TransTech Energy, Inc.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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