The South-East Asia (SEA) syngas market is estimated to witness a significant growth, at an estimated CAGR of over 9%, over the forecast period. Growing chemical industry and growing demand for electricity are expected to drive the market during the forecast period.
Key Market Trends
Increasing Usage in Power Generation Industry
Indonesia to Dominate the Market
Competitive Landscape
The South-East Asia (SEA) syngas market is fragmented in nature. Key players in the market include Air Products and Chemicals, Inc., Linde plc, Air Liquide, and Haldor Topsoe A/S, among others.
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- 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.
- Indonesia 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.
Indonesia to Dominate the Market
- The Indonesian power generation sector has witnessed a significant growth during the past five years.
- Growing population in the country, rising per capita income, and structurally lower electrification ratio, together, indicate rapid growth for the electricity demand during the forecast period.
- With the current slowdown in the mining sector, some rebalancing of economic growth toward manufacturing is likely to take place over the forecast period.
- The chemical manufacturing sector in the country is growing, due to the increasing demand for chemicals in various applications.
- Overall, the growing end-user industries in the country are projected to drive the market during the forecast period.
Competitive Landscape
The South-East Asia (SEA) syngas market is fragmented in nature. Key players in the market include Air Products and Chemicals, Inc., Linde plc, Air Liquide, and Haldor Topsoe A/S, among others.
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- The market estimate (ME) sheet in Excel format
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Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Companies Mentioned
A selection of companies mentioned in this report includes:
- Air Liquide
- Air Products and Chemicals, Inc.
- BASF SE
- BP p.l.c.
- DuPont
- General Electric
- Haldor Topsoe A/S
- KBR, Inc.
- Linde plc
- METHANEX CORPORATION
- MITSUBISHI HEAVY INDUSTRIES, LTD.
- Royal Dutch Shell plc
- Siemens
- SynGas Technology LLC
- TechnipFMC plc
Methodology
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