Gas-to-Liquid Market (GTL) Set to Grow at 7.8% CAGR : 2013-2018 Worldwide Forecasts
DALLAS, August 22, 2014 /PRNewswire/ --
ReportsnReports.com adds "Global Gas-to-Liquid (GTL) Market 2014-2018" research report of 64 pages, published in August 2014, to its store. This research forecasts the Global GTL (Gas-to-Liquid) market to grow at a CAGR of 7.8% over the period 2013-2018.
The Global Gas-to-Liquid (GTL) Market 2014-2018 research report covers the present scenario and the growth prospects of industry. A GTL is the refinery process of converting natural gas into long chain hydrocarbon products such as GTL diesel and GTL gasoline. Natural gases are converted into liquid fuels either via direct conversion or by using syngas as an intermediate.
Commenting on the report, an analyst said: "One of the key emerging trends in the market is increased investment in the market to improve GTL technology. Many market vendors are investing in different equipment, processes, and technology to enhance the quality of production and reduce the cost of production. Huge investments are being made to integrate various technologies for the production of various quality products such as combining oxygen with natural gas to form syngas."
Companies discussed in the Global Gas to Liquid (GTL) Market report include: Chevron Nigeria Ltd., Qatar Petroleum, Royal Dutch Shell plc, Sasol Ltd. and Statoil ASA. Other Prominent Vendors in the market are: China Shenhua Energy, Lurgi and Nigeria National Petroleum. Order a copy of this report at http://www.reportsnreports.com/Purchase.aspx?name=296071 .
According to the report, one of the main drivers in this market is the growing need to reduce gas flaring from refineries. With increased demand for oil products worldwide, refinery activity has significantly increased resulting in high flaring of gas leading to a shift in focus toward alternative technology such as GTL to produce various liquid fuels.
Further, the report states that one of the major challenges confronting the market is the capital-intensive nature of GTL plants. The establishment of a GTL facility requires strong technical expertise and use of advanced technology, which increases the overall cost of these projects. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key questions that global Gas-to-Liquid (GTL) market 2014-2018 report helps answer includes: What will the market size be in 2018 and what will the growth rate be? What are the key market trends? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors?
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