Syngas Market Worth 117,400 MW Thermal by 2018
DALLAS, September 17, 2013 /PRNewswire/ --
The report "Syngas Market & Derivatives (Methanol, Ammonia, Hydrogen, Oxo Chemicals,N-Butanol, DME) Market, by End Use Application, Feedstock, Technology & Gasifier Type - Global Trends & Forecast to 2018", defines and segments the syngas and its derivatives market with analysis and forecasting of the syngas and its derivatives consumption. The syngas consumption for various end usage will grow to 117,400 MW thermal by 2018, with a high CAGR from 2013 to 2018.
Browse 156 Market Data Tables and 86 Figures spread through 384 Pages and in-depth TOC on "Syngas Market & Derivatives (Methanol, Ammonia, Hydrogen, Oxo Chemicals, N-Butanol, DME) Market, by End Use Application, Feedstock, Technology & Gasifier Type - Global Trends & Forecast to 2018".
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The syngas and derivatives market is mainly driven by high demand for fuels, chemicals, and electricity. Other factors which are driving the market are polygeneration, and feedstock flexibility. Polygeneration enables the process to simultaneously produce chemicals and fuels along with power generation, whereas, feedstock flexibility allows the production from a variety of sources increasing the commercial viability of syngas.
Lack of funds and high capital requirements have proven to be a major restraint for the market. The time required for building a plant from initial design phase to final completion phase is considerably high, which results in the overshooting of the budget. However, the focus towards advanced technology and reducing dependency on crude oil continues to strengthen the market. The other market opportunities include utilization of stranded gas reserves for a GTL (gas to liquid) plant which in turn can produce liquid fuels for the future generations.
Syngas is majorly used for the production of chemicals such as ammonia, methanol, hydrogen, and others. Ammonia is used for the production of nitrogen fertilizer which is essential for plant growth. Due to rising population and their subsequent requirement for food crops, ammonia is experiencing a steady increase in demand. Methanol is another syngas derivative which is anticipated to grow with a double digit CAGR due to increasing usage for fuels applications. Various MTP (methanol to propylene) / MTO (methanol to Olefin) plants have also been announced, which are driving the methanol demand, particularly in China.
Hydrogen is essential for many refinery operations such as ammonia production and hydro treating applications. Similarly, growth in the butyl acrylate industry is driving the oxo alcohols market such as n-butanol. DME (dimethyl ether) is anticipated to grow due to increased demand from the LPG blending application.
The report covers the Syngas Market and derivatives market and its trends concerning five regions, namely Asia-Pacific, North America, Middle East & Africa, Europe, and South America; and the major countries in each region such as China, U.S., Qatar, Germany, South Africa, and others. The various end-use applications of syngas such as chemical, liquid fuels, power generation, and gaseous fuels are covered. Chemical derivatives such as methanol, ammonia, oxo chemicals, n-butanol, hydrogen, and DME (Dimethyl Ether) are included along with their production figures and consumption trends. The types of technology are steam reforming, partial oxidation, auto thermal reforming, combined or two-step reforming, and biomass gasification. The report also covers syngas production by feedstock such as coal, natural gas, petroleum, and biomass/waste. Also, important gasifier types identified and included are fixed (moving) bed, entrained flow, fluidized bed, and others.
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