Worldwide Syngas & Derivatives Industry to 2025 - Featuring Sasol Limited, Haldor Topsoe & Air Liquide Among Others
DUBLIN, Aug. 6, 2020 /PRNewswire/ -- The "Syngas & Derivatives Market by Production Technology, Gasifier Type, Feedstock (Coal, Natural Gas, Petroleum Byproducts, Biomass/Waste), Application (Chemicals, Fuel, and Electricity), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The syngas & derivatives market is estimated at 2,45,557 MWth in 2020 and is projected to reach 4,06,860 MWth by 2025, at a CAGR of 10.6% from 2020 to 2025.
Rising environmental concerns have been the major drivers for the growth of the syngas & derivatives market in order to provide alternative methods of fuel production. In addition, high demand for chemical intermediaries in the production of hygiene and sanitization and pharmaceutical products due to outbreak of COVID-19 is anticipated to fuel the growth of syngas and its derivatives in the chemical segment.
Impact of COVID-19 outbreak on the syngas & derivatives market
The COVID-19 outbreak started from Wuhan, China has spread across all the major economies in the world. The syngas & derivatives market has been slightly impacted due to the outbreak of COVID-19 as most of the syngas and its derivatives production plants are located in the countries that are highly impacted due to coronavirus. Also, major manufacturers of syngas and its derivatives have their headquarters and principal subsidiaries in the impacted countries. The disruption caused by the COVID-19 outbreak has impacted the supply chain of the syngas & derivatives market due to low demand fuel and as the production has slowed down in many manufacturing units of the end-users.
However, manufacture of chemical intermediaries for health and hygiene products and fuels was marked as critical infrastructure and as essential goods and services, which led to continuation in the operations and production of syngas and its derivatives to meet the demand across the world. In the first half of 2020, companies operating in the syngas & derivatives market focused on the production of chemical intermediaries to support the demand for agrochemicals and hygiene and sanitization products. Syngas was also widely used for electricity generation. Significant consumption of syngas and its derivatives is anticipated in applications across chemicals, fuel, and electricity.
Biomass/waste segment is projected to grow at the highest CAGR in the syngas & derivatives market between 2020 and 2025
Biomass/waste is projected to be the fastest-growing feedstock segment in the syngas & derivatives market during the forecast period. Biomass and organic wastes are considered as renewable feedstocks that are available in high quantities in many countries. The application of biomass and organic wastes in the production of syngas & derivatives produces clean and renewable energy and reduces landfills to a great extent. The adoption of biomass/waste feedstock in the syngas & derivatives market is in the nascent stage. With increasingly stringent environmental regulations in developed countries, the biomass/waste segment is expected to grow at a rapid pace during the forecast period.
Chemicals segment contributed to the highest volume consumption in the syngas & derivatives market
The chemicals segment is estimated to lead the syngas & derivatives market in 2020, due to rising demand for syngas & derivatives such as methanol, ammonia, and FT synthesis products for the production of chemical intermediates. Chemicals such as methanol are used as an intermediate for the synthesis of many chemicals as well as in fuels. Ammonia being the major chemical used in the production of fertilizers is the prime reason for the growth of the chemicals segment for the syngas & derivatives market, subsequently due to COVID-19 impact fueling the growth of agrochemicals.
Based on the region, Asia Pacific is projected to grow at the highest CAGR in the syngas & derivatives market between 2020 and 2025
The syngas & derivatives market in the Asia Pacific region is projected to grow at the highest CAGR between 2020 and 2025. China accounted for the major share of the global syngas & derivatives market in 2019, which is driving the growth of the Asia Pacific region. China, India, and Japan are the lucrative markets for syngas & derivatives in the Asia Pacific region during the forecast period. The growth can be attributed to increasing demand for syngas & derivatives from the region's chemical, fuel, and electricity industries, particularly in China and India.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Syngas & Derivatives Market
4.2 Syngas & Derivatives Market, by Feedstock & Application
4.3 Syngas & Derivatives Market, by Country
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand for Electricity
5.2.1.2 Environmental Regulations to Drive the Adoption of Clean Technology
5.2.1.3 Combined Production of Chemicals, Fuels, and Power Along With Feedstock Flexibility
5.2.2 Restraints
5.2.2.1 Significant Capital Investment
5.2.3 Opportunities
5.2.3.1 Increasing Demand for Hydrogen as a Clean Fuel in Transportation
5.2.3.2 Adoption of Underground Coal Gasification (Ucg) Process
5.2.3.3 Reducing Dependency on Crude Oil and Fuels
5.2.4 Challenges
5.2.4.1 Safety Concerns Over Syngas Technologies and Derivatives
5.3 Value Chain Analysis
5.4 Porter'S Five Forces Analysis
5.4.1 Bargaining Power of Buyers
5.4.2 Bargaining Power of Suppliers
5.4.3 Threat of New Entrants
5.4.4 Threat of Substitutes
5.4.5 Intensity of Competitive Rivalry
5.5 Macroeconomic Indicators Before Covid-19 Outbreak
5.5.1 Energy & Power
5.5.2 Chemicals
5.6 Impact of Covid-19 on the Applications of Syngas & Derivatives
5.6.1 Disruption in Applications of Syngas & Derivatives
5.6.2 Covid-19 Impact on the Chemical Industry
5.6.3 Covid-19 Impact on the Energy & Power Industry
6 Syngas & Derivatives Market, by Production Technology
6.1 Introduction
6.2 Steam Reforming
6.3 Partial Oxidation
6.4 Autothermal Reforming
6.5 Biomass Gasification
6.6 Others
6.6.1 Plasma Gasification
6.6.2 Heat Exchange Reforming
6.6.3 Underground Coal Gasification (Ucg)
7 Syngas & Derivatives Market, by Gasifier Type
7.1 Introduction
7.2 Fixed (Moving) Bed Gasifier
7.3 Entrained Flow Gasifier
7.4 Fluidized Bed Gasifier
7.5 Others
7.5.1 Advanced Coal Gasifier
7.5.2 Plasma Arc Gasifier
7.5.3 Black Liquor Gasifier
8 Syngas & Derivatives Market, by Feedstock
8.1 Introduction
8.2 Coal
8.2.1 Asia-Pacific is the Largest Market for Coal-Based Syngas & Derivatives
8.3 Natural Gas
8.3.1 Natural Gas-Based Syngas is a Substitute for Conventional Fuel
8.4 Petroleum Byproducts
8.4.1 High Availability of Petroleum Byproducts in Asia-Pacific to Drive the Growth
8.5 Biomass/Waste
8.5.1 Increasing Focus on Clean Energy Generation Drives Segment Growth
8.6 Others
8.6.1 High Demand for Syngas Derived from Petcoke in Asia-Pacific to Drive the Segment
9 Syngas & Derivatives Market, by Application
9.1 Introduction
9.2 Chemicals
9.2.1 Methanol
9.2.1.1 Methanol Used as Natural Gas and Feedstock Makes It An Important Chemical for Syngas Production
9.2.2 Ammonia
9.2.2.1 Growing Agricultural and Fertilizer Industries in China and India Drive the Growth
9.2.3 Ft Synthesis Products
9.2.3.1 Flexibility is the Key Benefit That Drives the Segment
9.3 Fuel
9.3.1 Liquid Fuels
9.3.1.1 Gasoline and Diesel Prepared from Syngas Can Help Store and Transport Energy
9.3.2 Gaseous Fuels
9.3.2.1 Acute Natural Gas Demand to Create Dependency on Gaseous Fuels Produced from Syngas
9.4 Electricity
9.4.1 Hydrogen
9.4.1.1 Demand for Hydrogen as An Alternative to Fossil Fuel, Coal, and Natural Gas to Increase Significantly
9.4.2 Direct Syngas Consumption
9.4.2.1 Growing Environmental Hazards Make Direct Syngas Consumption and Utilization a Favorable Alternative
10 Regional Analysis
10.1 Introduction
10.2 Asia-Pacific
10.3 Europe
10.4 North America
10.5 Middle East & Africa
10.6 South America
11 Competitive Landscape
11.1 Introduction
11.2 Competitive Leadership Mapping
11.2.1 Visionary Leaders
11.2.2 Innovators
11.2.3 Dynamic Differentiators
11.2.4 Emerging Companies
11.3 Strength of Product Portfolio
11.4 Business Strategy Excellence
11.5 Market Share of Key Players in the Syngas & Derivatives Market
12 Company Profiles
12.1 Sasol Limited
12.2 Haldor Topsoe A/S
12.3 Air Liquide S.A.
12.4 Siemens AG
12.5 Air Products and Chemicals Inc.
12.6 KBR Inc.
12.7 Linde plc
12.8 Basf Se
12.9 Technipfmc plc
12.10 Mcdermott International, Inc.
12.11 Mitsubishi Heavy Industries, Ltd.
12.12 Chiyoda Corporation
12.13 Synthesis Energy Systems, Inc.
12.14 Yara International Asa
12.15 Methanex Corporation
12.16 Cf Industries Holdings, Inc.
12.17 Dow Inc.
12.18 John Wood Group plc
12.19 Other Key Players
12.19.1 Syngas Technology LLC (Sgt)
12.19.2 Kt - Kinetics Technology Spa
12.19.3 Oq Chemicals GmbH (Formerly Oxea Gmbh)
12.19.4 Caloric Anlagenbau GmbH
12.19.5 Ihi E&C International Corporation
12.19.6 Syngas Products Holdings Limited
12.19.7 Membrane Technology and Research, Inc.
13 Adjacent and Related Markets to the Syngas & Derivatives Market
13.1 Introduction
13.2 Syngas & Derivatives Ecosystem and Interconnected Markets
13.3 Hydrogen Generation Market
13.3.1 Objectives of the Study
13.3.2 Market Definition
13.3.3 Market Segmentation
13.3.4 Years Considered for the Study
13.3.5 Limitations in the Hydrogen Generation Market
13.3.6 Market Overview
13.4 Hydrogen Generation Market, by Technology
13.5 Hydrogen Generation Market, by Application
13.5.1 Petroleum Refinery
13.5.2 Ammonia Production
13.5.3 Methanol Production
13.5.4 Transportation
13.5.5 Power Generation
13.5.6 Other Applications
13.6 Hydrogen Generation Market, by Region
13.6.1 North America
13.6.2 Europe
13.6.3 Asia-Pacific
13.6.4 Middle East
13.6.5 Africa
13.6.6 South America
14 Appendix
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