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Middle-East and Africa Syngas Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

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  • 80 Pages
  • January 2022
  • Region: Africa
  • Mordor Intelligence
  • ID: 4536102

The Middle-East and Africa syngas market is estimated to witness a significant growth, at an estimated CAGR of over 7%, over the forecast period. Growing chemical industry and growing demand for electricity are expected to drive the market during the forecast period.

Key Highlights

  • High capital investment and funding is likely to hinder the market’s growth.
  • Development of underground coal gasification technology is likely to create opportunities to the market growth in the future.
  • Saudi Arabia is expected to dominate the market and is also expected to witness the fastest CAGR during the forecast period.

Key Market Trends

Increasing Usage in Power Generation Industry

  • The power industry is the backbone of the industrial sector that supplies essential energy to industrial, commercial, manufacturing, and residential customers.
  • Synthesis gas plays a huge role in power generation, as it is used as an intermediate in creating synthetic natural gas (SNG), which has various application, such as:
  • IGCC plants use gasifiers that convert coal or any other carbon-based materials to syngas, which is used in driving a combined cycle turbine to generate electricity. IGCC plants can achieve efficiencies of 45% and have low emissions, since the fuel is cleaned before it is fired in the gas cycle turbine.
  • Biogas, which is a form of renewable energy, can be obtained through thermochemical gasification of synthetic gas.
  • Gasification and pyrolysis processes produce a combustible synthetic gas that can either be used to produce electricity, or further refined and upgraded for direct generation in a gas turbine or engine.
  • The aforementioned factors have been boosting the demand for syngas in the region, in the recent times.

Saudi Arabia to Dominate the Market

  • The market openness and investment opportunities were less, when compared to the other emerging economies. However, the government in its 10th development plan, is reforming the economic plans, with investments in diversified sectors, and is trying to attract private investments in the country, in order to make it a diversified economy that is not dependent on oil.
  • Due to various government policies in the oil refinery sector along with company acquisitions, the Saudi Arabian refining catalyst market is expected to grow during the forecast period.
  • Many investments and collaborations in the petrochemical sector are coming up in the country, which are likely to provide opportunities for the growth of the syngas market in the coming years.
  • Saudi Aramco and SABIC have also signed a memorandum of understanding to build a USD 20 billion worth complex, in order to convert crude oil into chemicals, in the country. The operation is expected to start in 2025, processing around 400 thousand barrels per day of crude oil, to produce about 9 million metric ton of chemicals.
  • All the aforementioned factors, in turn, are expected to boost the demand for syngas in the country.

Competitive Landscape

The Middle-East and Africa syngas market is fragmented in nature. Key players in the market include Air Products and Chemicals, Inc., Linde plc, Air Liquide, and Royal Dutch Shell plc, among others.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

This product will be delivered within 2 business days.

Table of Contents

1.1 Study Assumptions
1.2 Scope of the Study
4.1 Drivers
4.1.1 Growing Demand for Electricity
4.1.2 Growing Chemical Industry
4.2 Restraints
4.2.1 High Capital Investment and Funding
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5.1 Feedstock
5.1.1 Coal
5.1.2 Natural Gas
5.1.3 Petroleum
5.1.4 Pet-coke
5.1.5 Biomass
5.2 Technology
5.2.1 Steam Reforming
5.2.2 Partial Oxidation
5.2.3 Auto-thermal Reforming
5.2.4 Combined or Two-step Reforming
5.2.5 Biomass Gasification
5.3 Gasifier Type
5.3.1 Fixed Bed
5.3.2 Entrained Flow
5.3.3 Fluidized Bed
5.4 Application
5.4.1 Power Generation
5.4.2 Chemicals Methanol Ammonia Oxo Chemicals n-Butanol Hydrogen Dimethyl Ether
5.4.3 Liquid Fuels
5.4.4 Gaseous Fuels
5.5 Geography
5.5.1 Saudi Arabia
5.5.2 South Africa
5.5.3 Rest of Middle-East and Africa
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Air Liquide
6.4.2 Air Products and Chemicals, Inc.
6.4.3 BASF SE
6.4.4 BP p.l.c.
6.4.5 General Electric
6.4.6 KBR Inc.
6.4.7 Linde plc
6.4.8 Royal Dutch Shell plc
6.4.9 TechnipFMC PLC
7.1 Development of Underground Coal Gasification Technology