Abundant Availability of Natural Gas
Natural gas is one of the major feedstock used to produce syngas. According to BP PLC, on the global level, the demand for natural gas is expected to grow strongly till 2040, due to broad-based demand, low-cost supply, and expanding export trade. Seamless flow of natural gas from supply basins to demand centers in North America, supported by the ongoing increase in production of natural gas, has increased the availability of feedstock for production of syngas in the region. In addition, reduced drilling and capital expenditures, coupled with ongoing efficiency improvements and cost reduction initiatives, have helped the natural gas production to grow. This, in turn, is expected to increase the production of syn gas in the region.
Power Generation End Use Will Continue to Dominate the Market
The power generation end use is expected to continue to dominate the North American market for syn gas during the forecast period. Increase in energy consumption due to rise in population, coupled with growth in industrial production, is expected to drive the power generation end use. According to the global statistical data book published by Enerdata, the energy consumption in North America including Mexico was 2,659 Mtoe in 2016. Increase in consumption of electricity from residential and commercial sector and rising demand for clean energy is expected to drive the power generation end-use market, which in turn, is likely to drive the syngas market in the forecast period.
United States to lead the market
The United States is projected to dominate the syngas market during the forecast period, due to the growing use of less expensive natural gas for power generation. Growing industrial activities, coupled with abundant supply of shale gas, have increased the production of syn gas. In addition, increase in environmental concern related to greenhouse gas emission is expected to drive the market for syn gas in the United States during the forecast period.
Major Players: Agrium Inc., CF Industries Holdings Inc., ConocoPhillips Co., and General Electric, among others.
Reasons to Purchase the Report
- To understand the impact of end-use on the market
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- To understand the dominating technology in the market
- Countries expected to witness the fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3 month analyst support, along with the Market Estimate sheet (in Excel)
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1.1 Research Phases
1.2 Scope of the Market
1.3 Study Deliverables
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter's Five Forces Analysis
3.2.1 Threat of New Entrants
3.2.2 Threat of Substitute Products and Services
3.2.3 Bargaining Power of Buyers
3.2.4 Bargaining Power of Suppliers
3.2.5 Degree of Competition
4. Market Dynamics
4.1.1 Feedstock Flexibility for the Syngas Production
4.1.2 Abundant Availability of Natural Gas
4.2.1 High Capital Investment and Funding Required
4.3.1 Opportunity to Utilize Biomass and Municipal Waste
4.3.2 Development of Underground Coal Gasification Technology
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By End-user Industry
5.1.1 Power Generation
126.96.36.199 Oxo Chemicals
188.8.131.52 Dimethyl Ether
5.1.3 Liquid Fuels
5.1.4 Gaseous Fuels
5.2 By Feedstock
5.2.2 Natural Gas
5.3 By Technology
5.3.1 Steam Reforming
5.3.2 Partial Oxidation
5.3.3 Autothermal Reforming
5.3.4 Combined or Two-step Reforming
5.3.5 Biomass Gasification
5.4 By Gasifier Type
5.4.1 Fixed Bed
5.4.2 Entrained Flow
5.4.3 Fluidized Bed
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1 United States
6.4 Rest of North America
7. Competitive Landscape
7.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
8.1 Agrium Inc.
8.4 CF Industries Holdings, Inc.
8.5 ConocoPhillips Company
8.4 GENERAL ELECTRIC
8.5 KBR Inc.
8.6 Methanex Corporation
8.7 SynGas Technology, LLC
8.8 The Linde Group
8.9 Maverick Synfuels
8.10 Praxair Technology, Inc.
*List not exhaustive