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"One of the primary growth drivers for this market is the rise in global energy demand.", says a senior analyst for the Energy industry at Technavio. According to the IEA, the demand for chemical products has been increasing substantially over the past two decades, primarily driven by the demand for nitrogenous fertilizers and plastics. Moreover, according to the IEA, global electricity demand increased two-fold during the past two decades. By 2040, global energy demand is expected to grow by more than 25%. This will drive market growth. In addition, other factors such as rising government support, and economic benefits of coal gasification have compelled the vendors to offer innovative gasification solutions.
However, rising environmental concerns will emerge as one of the key factors hindering the market's growth. The sulfur content in the coal results in the production of acid gases owing to the high temperatures and low oxygen levels in the gasifier. Similarly, the nitrogen content in coal results in the formation of a small amount of ammonia and hydrogen cyanide. Underground coal gasification mostly takes place deep under the ground in unexposed coal seams. Vendors should ensure the efficiency of coal gasification processes and take care not to cause severe environmental damage that could take decades to recover. Such factors may limit the growth of the market during the forecast period.
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Coal Gasification MarketSegment Highlights for 2020
- The coal gasification market has been segmented by Application into Chemicals, fuels, and power,
- The chemicals application segment held the largest coal gasification market share in 2021.
- The segment will continue to account for the highest revenue throughout the forecast period.
- The growth of the segment can be attributed to the rising demand for chemicals and chemical products and the rising focus on the efficient use of coal.
- In addition, the adoption of clean technology in the chemicals sector to reduce carbon emissions and collaborations with various vendors in the market offering advanced technological solutions will also boost the market growth
Regional Analysis
- 78% of the market's growth will originate from APAC during the forecast period.
- China, Australia, and Indonesia are the key markets for coal gasification in APAC. Market growth in this region will be faster than the growth of the market in other regions.
- The rising demand for energy, the presence of significant coal reserves, and the rising demand for clean energy technologies will facilitate the coal gasification market growth in APAC over the forecast period.
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Vendor Landscape:
- The coal gasification market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.
- To make the most of the opportunities and recover from the pandemic impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
- The coal gasification market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
- The research report offers information on several market vendors, including Air Products and Chemicals Inc., Basin Electric Power Co., CASE GROUP, Chiyoda Corp., Ergo Exergy Technologies Inc., Johnson Matthey Plc, KBR Inc., L Air Liquide SA, Larsen and Toubro Ltd., McDermott International Ltd., Mitsubishi Heavy Industries Ltd., Oil and Natural Gas Corp. Ltd., Oxeye Energy Holdings Ltd., Regius Synfuels Ltd., SEDIN Engineering Co. Ltd.CNCEC, Siemens AG, Swan Hills Synfuels LLP, Synthesis Energy Systems Inc., and thyssenkrupp AG
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Coal Gasification Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 15.73% |
Market growth 2022-2026 |
$ 10.36 billion |
Market structure |
Concentrated |
YoY growth (%) |
15.19 |
Regional analysis |
APAC, Middle East and Africa, North America, Europe, and South America |
Performing market contribution |
APAC at 78% |
Key consumer countries |
US, South Africa, China, Australia, and Indonesia |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Air Products and Chemicals Inc., Basin Electric Power Co., CASE GROUP, Chiyoda Corp., Ergo Exergy Technologies Inc., Johnson Matthey Plc, KBR Inc., L Air Liquide SA, Larsen and Toubro Ltd., McDermott International Ltd., Mitsubishi Heavy Industries Ltd., Oil and Natural Gas Corp. Ltd., Oxeye Energy Holdings Ltd., Regius Synfuels Ltd., SEDIN Engineering Co. Ltd.CNCEC, Siemens AG, Swan Hills Synfuels LLP, Synthesis Energy Systems Inc., and thyssenkrupp AG |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Content
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Application
- 5.1 Market segments
- Exhibit 24: Chart on Application - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
- 5.2 Comparison by Application
- Exhibit 26: Chart on Comparison by Application
- Exhibit 27: Data Table on Comparison by Application
- 5.3 Chemicals - Market size and forecast 2021-2026
- Exhibit 28: Chart on Chemicals - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Chemicals - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Chemicals - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Chemicals - Year-over-year growth 2021-2026 (%)
- 5.4 Fuels - Market size and forecast 2021-2026
- Exhibit 32: Chart on Fuels - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Fuels - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Fuels - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Fuels - Year-over-year growth 2021-2026 (%)
- 5.5 Power - Market size and forecast 2021-2026
- Exhibit 36: Chart on Power - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Power - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Power - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Power - Year-over-year growth 2021-2026 (%)
- 5.6 Market opportunity by Application
- Exhibit 40: Market opportunity by Application ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 42: Chart on Market share by geography 2021-2026 (%)
- Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 44: Chart on Geographic comparison
- Exhibit 45: Data Table on Geographic comparison
- 7.3 APAC - Market size and forecast 2021-2026
- Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.4 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 50: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.5 North America - Market size and forecast 2021-2026
- Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.6 Europe - Market size and forecast 2021-2026
- Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.7 South America - Market size and forecast 2021-2026
- Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.8 China - Market size and forecast 2021-2026
- Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.9 South Africa - Market size and forecast 2021-2026
- Exhibit 70: Chart on South Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on South Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on South Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on South Africa - Year-over-year growth 2021-2026 (%)
- 7.10 US - Market size and forecast 2021-2026
- Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.11 Australia - Market size and forecast 2021-2026
- Exhibit 78: Chart on Australia - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Australia - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Australia - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Australia - Year-over-year growth 2021-2026 (%)
- 7.12 Indonesia - Market size and forecast 2021-2026
- Exhibit 82: Chart on Indonesia - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on Indonesia - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on Indonesia - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Indonesia - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 86: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.3 Impact of drivers and challenges
- Exhibit 87: Impact of drivers and challenges in 2021 and 2026
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 89: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 90: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 91: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 92: Matrix on vendor position and classification
- 10.3 Air Products and Chemicals Inc.
- Exhibit 93: Air Products and Chemicals Inc. - Overview
- Exhibit 94: Air Products and Chemicals Inc. - Business segments
- Exhibit 95: Air Products and Chemicals Inc. - Key news
- Exhibit 96: Air Products and Chemicals Inc. - Key offerings
- Exhibit 97: Air Products and Chemicals Inc. - Segment focus
- 10.4 KBR Inc.
- Exhibit 98: KBR Inc. - Overview
- Exhibit 99: KBR Inc. - Business segments
- Exhibit 100: KBR Inc. - Key news
- Exhibit 101: KBR Inc. - Key offerings
- Exhibit 102: KBR Inc. - Segment focus
- 10.5 L Air Liquide SA
- Exhibit 103: L Air Liquide SA - Overview
- Exhibit 104: L Air Liquide SA - Business segments
- Exhibit 105: L Air Liquide SA - Key news
- Exhibit 106: L Air Liquide SA - Key offerings
- Exhibit 107: L Air Liquide SA - Segment focus
- 10.6 McDermott International Ltd.
- Exhibit 108: McDermott International Ltd. - Overview
- Exhibit 109: McDermott International Ltd. - Product / Service
- Exhibit 110: McDermott International Ltd. - Key news
- Exhibit 111: McDermott International Ltd. - Key offerings
- 10.7 Mitsubishi Heavy Industries Ltd.
- Exhibit 112: Mitsubishi Heavy Industries Ltd. - Overview
- Exhibit 113: Mitsubishi Heavy Industries Ltd. - Business segments
- Exhibit 114: Mitsubishi Heavy Industries Ltd. - Key news
- Exhibit 115: Mitsubishi Heavy Industries Ltd. - Key offerings
- Exhibit 116: Mitsubishi Heavy Industries Ltd. - Segment focus
- 10.8 Regius Synfuels Ltd.
- Exhibit 117: Regius Synfuels Ltd. - Overview
- Exhibit 118: Regius Synfuels Ltd. - Product / Service
- Exhibit 119: Regius Synfuels Ltd. - Key offerings
- 10.9 SEDIN Engineering Co. Ltd.CNCEC
- Exhibit 120: SEDIN Engineering Co. Ltd.CNCEC - Overview
- Exhibit 121: SEDIN Engineering Co. Ltd.CNCEC - Product / Service
- Exhibit 122: SEDIN Engineering Co. Ltd.CNCEC - Key offerings
- 10.10 Siemens AG
- Exhibit 123: Siemens AG - Overview
- Exhibit 124: Siemens AG - Business segments
- Exhibit 125: Siemens AG - Key news
- Exhibit 126: Siemens AG - Key offerings
- Exhibit 127: Siemens AG - Segment focus
- 10.11 Synthesis Energy Systems Inc.
- Exhibit 128: Synthesis Energy Systems Inc. - Overview
- Exhibit 129: Synthesis Energy Systems Inc. - Product / Service
- Exhibit 130: Synthesis Energy Systems Inc. - Key offerings
- 10.12 thyssenkrupp AG
- Exhibit 131: thyssenkrupp AG - Overview
- Exhibit 132: thyssenkrupp AG - Business segments
- Exhibit 133: thyssenkrupp AG - Key news
- Exhibit 134: thyssenkrupp AG - Key offerings
- Exhibit 135: thyssenkrupp AG - Segment focus
11 Appendix
- 11.2 Inclusions and exclusions checklist
- Exhibit 136: Inclusions checklist
- Exhibit 137: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 138: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 139: Research methodology
- Exhibit 140: Validation techniques employed for market sizing
- Exhibit 141: Information sources
- 11.5 List of abbreviations
- Exhibit 142: List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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