The global coal to liquid fuel market size was valued at $3.4 billion in 2021, and projected to reach $7.7 billion by 2031, with a CAGR of 8.7% from 2022 to 2031.
Coal and liquid petroleum fuels are among the two most used fuels all over the world. Coal is the major fuel type used around the world to produce electricity, while petroleum fuels are common in automobiles of all kinds. Coal can be converted into liquid fuels due to their similar composition as they consist of carbon. This process has gained attention in recent years due to the increase in acknowledgement of the declining levels of petroleum reservoirs. Since petroleum is more valued at present than coal due to its usage in transportation, the coal to liquid fuel process (CTL) is gaining increasing demand.
The major driver of the global coal to liquid fuel market is the abundant availability of coal, particularly compared to liquid fuels. While the dropping levels of crude oil reservoirs have made headlines recently, coal reserves have remained productive enough for coal to remain the most widely used fuel type for power generation. Therefore, the idea of converting coal to liquid fuels has picked up speed in recent years.
Synthetic fuels obtained from the conversion of coal are often cleaner than those extracted from natural reservoirs. This has led to coal liquefaction gaining increased support from regulatory authorities all over the world.
The technological advancement of the oil & gas industry has also helped this idea establish a foothold, since the technological knowhow of the conversion process is relatively easily available. However, the high costs of the process have not gone down significantly since it began to be utilized. This leads to the process only being economically feasible when oil prices are high. Currently, with oil prices facing record lows, even multinational giants may find it hard to fund industrial-scale production of liquid fuels from coal. This has emerged as a major restraint on the global coal to liquid fuel market.
Most CTL plants are concentrated around China and a few in India and Indonesia. The abundant availability of coal reserves in these countries is responsible for rapid growth of the sector. China and India are expected to be the dominant regional coal to liquid fuel markets in the coming years due to the growing transportation sector in these countries. In September 2020, Coal India Ltd has launched a global tender inviting potential bidders to build country’s first coal to methanol plant in West Bengal, with an investment of $813.1 million. The presence of above-mentioned initiatives has driven the market growth.
North America also accounted for a significant share of the global market revenue in 2021. The coal to liquid fuel market in North America is experiencing enormous growth due to the presence of demand for liquid fuel in the transportation and power generation industry. Increasing need to reduce carbon footprints and stringent government policies for energy conservation has led to shutdown of coal based thermal power plant, hence there is a decline in the demand for coal which led to increase in the search for alternatives such as production of liquid fuel from coal. The presence of abundant coal reserves in this region and the presence of investments among the major companies to break through various technologies to commercialize the coal to liquid fuel production, thereby providing lucrative growth opportunities to the North America. The above factors drive the growth of the coal to liquid fuel market in this region during this forecast period. On the other hand, the market in Asia Pacific is estimated to register the fastest growth rate over the forecast period.
The global coal to liquid fuel market is segmented based on by technology, application, and region.
On the basis of technology, the market is segmented into direct liquefaction and indirect liquefaction. In addition, on the basis of application, the market is segmented into transportation fuel, cooking fuel, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by North America, Europe, and LAMEA.
The major companies profiled in this report includes Sasol Energy, Cleanse Corporation, Shenhua Group, Yitai Coal OIl Manufacturing Co. Ltd., Jincheng Anthracite Mining Co., Ltd., Shanxi Lu'an Co. Ltd., Bumi Plc, Envidity Energy Inc., Altona Energy, DKRW Energy, and Monash Energy. Due to increase in the demand for eco-friendly and presence of abundant coal, deteriorating levels of petroleum reservoirs, increased awareness about the technical expertise related to the conversion process among the industrialists, and growth of transportation sector in developing countries, such as India and China, drive the coal to liquid fuel market. The above-mentioned factors will have positive impact on the demand for coal to liquid fuel market. Additional growth strategies such as expansion of storage capacities, acquisition, partnership and research & innovation in the optimization and improvement in efficiency of the conversion of coal to liquid fuel have led to attain key developments in the global coal to liquid fuel market trends.
Coal and liquid petroleum fuels are among the two most used fuels all over the world. Coal is the major fuel type used around the world to produce electricity, while petroleum fuels are common in automobiles of all kinds. Coal can be converted into liquid fuels due to their similar composition as they consist of carbon. This process has gained attention in recent years due to the increase in acknowledgement of the declining levels of petroleum reservoirs. Since petroleum is more valued at present than coal due to its usage in transportation, the coal to liquid fuel process (CTL) is gaining increasing demand.
The major driver of the global coal to liquid fuel market is the abundant availability of coal, particularly compared to liquid fuels. While the dropping levels of crude oil reservoirs have made headlines recently, coal reserves have remained productive enough for coal to remain the most widely used fuel type for power generation. Therefore, the idea of converting coal to liquid fuels has picked up speed in recent years.
Synthetic fuels obtained from the conversion of coal are often cleaner than those extracted from natural reservoirs. This has led to coal liquefaction gaining increased support from regulatory authorities all over the world.
The technological advancement of the oil & gas industry has also helped this idea establish a foothold, since the technological knowhow of the conversion process is relatively easily available. However, the high costs of the process have not gone down significantly since it began to be utilized. This leads to the process only being economically feasible when oil prices are high. Currently, with oil prices facing record lows, even multinational giants may find it hard to fund industrial-scale production of liquid fuels from coal. This has emerged as a major restraint on the global coal to liquid fuel market.
Most CTL plants are concentrated around China and a few in India and Indonesia. The abundant availability of coal reserves in these countries is responsible for rapid growth of the sector. China and India are expected to be the dominant regional coal to liquid fuel markets in the coming years due to the growing transportation sector in these countries. In September 2020, Coal India Ltd has launched a global tender inviting potential bidders to build country’s first coal to methanol plant in West Bengal, with an investment of $813.1 million. The presence of above-mentioned initiatives has driven the market growth.
North America also accounted for a significant share of the global market revenue in 2021. The coal to liquid fuel market in North America is experiencing enormous growth due to the presence of demand for liquid fuel in the transportation and power generation industry. Increasing need to reduce carbon footprints and stringent government policies for energy conservation has led to shutdown of coal based thermal power plant, hence there is a decline in the demand for coal which led to increase in the search for alternatives such as production of liquid fuel from coal. The presence of abundant coal reserves in this region and the presence of investments among the major companies to break through various technologies to commercialize the coal to liquid fuel production, thereby providing lucrative growth opportunities to the North America. The above factors drive the growth of the coal to liquid fuel market in this region during this forecast period. On the other hand, the market in Asia Pacific is estimated to register the fastest growth rate over the forecast period.
The global coal to liquid fuel market is segmented based on by technology, application, and region.
On the basis of technology, the market is segmented into direct liquefaction and indirect liquefaction. In addition, on the basis of application, the market is segmented into transportation fuel, cooking fuel, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by North America, Europe, and LAMEA.
The major companies profiled in this report includes Sasol Energy, Cleanse Corporation, Shenhua Group, Yitai Coal OIl Manufacturing Co. Ltd., Jincheng Anthracite Mining Co., Ltd., Shanxi Lu'an Co. Ltd., Bumi Plc, Envidity Energy Inc., Altona Energy, DKRW Energy, and Monash Energy. Due to increase in the demand for eco-friendly and presence of abundant coal, deteriorating levels of petroleum reservoirs, increased awareness about the technical expertise related to the conversion process among the industrialists, and growth of transportation sector in developing countries, such as India and China, drive the coal to liquid fuel market. The above-mentioned factors will have positive impact on the demand for coal to liquid fuel market. Additional growth strategies such as expansion of storage capacities, acquisition, partnership and research & innovation in the optimization and improvement in efficiency of the conversion of coal to liquid fuel have led to attain key developments in the global coal to liquid fuel market trends.
Impact of Covid-19 on Global Coal to Liquid Fuel Market
The global COVID-19 pandemic has negative impact on the coal to liquid fuel market. The pandemic outbreak has not only caused infections and deaths but also created havoc in the global economy. Mining companies have been severely affected by the pandemic outbreak. Global restrictions to encourage social distancing have negative impact on mining and construction projects, which have either slowed or put on hold for further notice. The above-mentioned factor seriously affected the growth of the coal to liquid fuel market. However, after the vaccination initiatives among the developed and developing countries has led to gradual decline over the restriction over social distancing. Furthermore, the government has invested huge revenue in order to kick start the stagnant global economy through construction and mining industries. In addition, developing countries such as India and China have invested in the development of the alternative fuel production plants while gradually reducing the fossil fuel imports in order to improve the national energy security. The presence of above-mentioned initiatives and policies will provide lucrative opportunities for the development of the market.Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the coal to liquid fuel market analysis from 2021 to 2031 to identify the prevailing coal to liquid fuel market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the coal to liquid fuel market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global coal to liquid fuel market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Technology
- Direct Liquefaction
- Indirect Liquefaction
By Application
- Transportation Fuel
- Cooking Fuel
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
Key Market Players
- Sasol Energy
- Cleanse Corporation
- Shenhua Group
- Yitai Coal OIl Manufacturing Co. Ltd.
- Jincheng Anthracite Mining Co., Ltd.
- Shanxi Lu'an Co. Ltd.
- Bumi Plc
- Envidity Energy Inc.
- Altona Energy
- DKRW Energy
- Monash Energy
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Pricing Analysis
3.8. Value Chain Analysis
3.9. Key Regulation Analysis
CHAPTER 4: COAL TO LIQUID FUEL MARKET, BY TECHNOLOGY
4.1 Overview
4.1.1 Market size and forecast
4.2 Direct Liquefaction
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Indirect Liquefaction
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
CHAPTER 5: COAL TO LIQUID FUEL MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Transportation Fuel
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Cooking Fuel
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Others
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
CHAPTER 6: COAL TO LIQUID FUEL MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Technology
6.2.3 North America Market size and forecast, by Application
6.2.4 North America Market size and forecast, by country
6.2.4.1 U.S.
6.2.4.1.1 Market size and forecast, by Technology
6.2.4.1.2 Market size and forecast, by Application
6.2.4.2 Canada
6.2.4.2.1 Market size and forecast, by Technology
6.2.4.2.2 Market size and forecast, by Application
6.2.4.3 Mexico
6.2.4.3.1 Market size and forecast, by Technology
6.2.4.3.2 Market size and forecast, by Application
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Technology
6.3.3 Europe Market size and forecast, by Application
6.3.4 Europe Market size and forecast, by country
6.3.4.1 Germany
6.3.4.1.1 Market size and forecast, by Technology
6.3.4.1.2 Market size and forecast, by Application
6.3.4.2 UK
6.3.4.2.1 Market size and forecast, by Technology
6.3.4.2.2 Market size and forecast, by Application
6.3.4.3 France
6.3.4.3.1 Market size and forecast, by Technology
6.3.4.3.2 Market size and forecast, by Application
6.3.4.4 Italy
6.3.4.4.1 Market size and forecast, by Technology
6.3.4.4.2 Market size and forecast, by Application
6.3.4.5 Spain
6.3.4.5.1 Market size and forecast, by Technology
6.3.4.5.2 Market size and forecast, by Application
6.3.4.6 Rest of Europe
6.3.4.6.1 Market size and forecast, by Technology
6.3.4.6.2 Market size and forecast, by Application
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Technology
6.4.3 Asia-Pacific Market size and forecast, by Application
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Market size and forecast, by Technology
6.4.4.1.2 Market size and forecast, by Application
6.4.4.2 Japan
6.4.4.2.1 Market size and forecast, by Technology
6.4.4.2.2 Market size and forecast, by Application
6.4.4.3 India
6.4.4.3.1 Market size and forecast, by Technology
6.4.4.3.2 Market size and forecast, by Application
6.4.4.4 South Korea
6.4.4.4.1 Market size and forecast, by Technology
6.4.4.4.2 Market size and forecast, by Application
6.4.4.5 Rest of Asia-Pacific
6.4.4.5.1 Market size and forecast, by Technology
6.4.4.5.2 Market size and forecast, by Application
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Technology
6.5.3 LAMEA Market size and forecast, by Application
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Brazil
6.5.4.1.1 Market size and forecast, by Technology
6.5.4.1.2 Market size and forecast, by Application
6.5.4.2 South Africa
6.5.4.2.1 Market size and forecast, by Technology
6.5.4.2.2 Market size and forecast, by Application
6.5.4.3 Saudi Arabia
6.5.4.3.1 Market size and forecast, by Technology
6.5.4.3.2 Market size and forecast, by Application
6.5.4.4 Rest of LAMEA
6.5.4.4.1 Market size and forecast, by Technology
6.5.4.4.2 Market size and forecast, by Application
CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments
CHAPTER 8: COMPANY PROFILES
8.1 Sasol Energy
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 Cleanse Corporation
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 Shenhua Group
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 Yitai Coal OIl Manufacturing Co. Ltd.
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 Jincheng Anthracite Mining Co., Ltd.
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 Shanxi Lu'an Co. Ltd.
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 Bumi Plc
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 Envidity Energy Inc.
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 Altona Energy
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 DKRW Energy
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
8.11 Monash Energy
8.11.1 Company overview
8.11.2 Company snapshot
8.11.3 Operating business segments
8.11.4 Product portfolio
8.11.5 Business performance
8.11.6 Key strategic moves and developments
List of Tables
Table 1. Global Coal to Liquid Fuel Market, by Technology, 2021-2031 ($Million)
Table 2. Global Coal to Liquid Fuel Market, by Technology, 2021-2031 (Million Liters)
Table 3. Coal to Liquid Fuel Market, for Direct Liquefaction, by Region, 2021-2031 ($Million)
Table 4. Coal to Liquid Fuel Market, for Direct Liquefaction, by Region, 2021-2031 (Million Liters)
Table 5. Coal to Liquid Fuel Market for Direct Liquefaction, by Country, 2021-2031 ($Million)
Table 6. Coal to Liquid Fuel Market for Direct Liquefaction, by Country, 2021-2031 (Million Liters)
Table 7. Coal to Liquid Fuel Market, for Indirect Liquefaction, by Region, 2021-2031 ($Million)
Table 8. Coal to Liquid Fuel Market, for Indirect Liquefaction, by Region, 2021-2031 (Million Liters)
Table 9. Coal to Liquid Fuel Market for Indirect Liquefaction, by Country, 2021-2031 ($Million)
Table 10. Coal to Liquid Fuel Market for Indirect Liquefaction, by Country, 2021-2031 (Million Liters)
Table 11. Global Coal to Liquid Fuel Market, by Application, 2021-2031 ($Million)
Table 12. Global Coal to Liquid Fuel Market, by Application, 2021-2031 (Million Liters)
Table 13. Coal to Liquid Fuel Market, for Transportation Fuel, by Region, 2021-2031 ($Million)
Table 14. Coal to Liquid Fuel Market, for Transportation Fuel, by Region, 2021-2031 (Million Liters)
Table 15. Coal to Liquid Fuel Market for Transportation Fuel, by Country, 2021-2031 ($Million)
Table 16. Coal to Liquid Fuel Market for Transportation Fuel, by Country, 2021-2031 (Million Liters)
Table 17. Coal to Liquid Fuel Market, for Cooking Fuel, by Region, 2021-2031 ($Million)
Table 18. Coal to Liquid Fuel Market, for Cooking Fuel, by Region, 2021-2031 (Million Liters)
Table 19. Coal to Liquid Fuel Market for Cooking Fuel, by Country, 2021-2031 ($Million)
Table 20. Coal to Liquid Fuel Market for Cooking Fuel, by Country, 2021-2031 (Million Liters)
Table 21. Coal to Liquid Fuel Market, for Others, by Region, 2021-2031 ($Million)
Table 22. Coal to Liquid Fuel Market, for Others, by Region, 2021-2031 (Million Liters)
Table 23. Coal to Liquid Fuel Market for Others, by Country, 2021-2031 ($Million)
Table 24. Coal to Liquid Fuel Market for Others, by Country, 2021-2031 (Million Liters)
Table 25. Coal to Liquid Fuel Market, by Region, 2021-2031 ($Million)
Table 26. Coal to Liquid Fuel Market, by Region, 2021-2031 (Million Liters)
Table 27. North America Coal to Liquid Fuel Market, by Technology, 2021-2031 ($Million)
Table 28. North America Coal to Liquid Fuel Market, by Technology, 2021-2031 (Million Liters)
Table 29. North America Coal to Liquid Fuel Market, by Application, 2021-2031 ($Million)
Table 30. North America Coal to Liquid Fuel Market, by Application, 2021-2031 (Million Liters)
Table 31. North America Coal to Liquid Fuel Market, by Country, 2021-2031 ($Million)
Table 32. North America Coal to Liquid Fuel Market, by Country, 2021-2031 (Million Liters)
Table 33. U.S. Coal to Liquid Fuel Market, by Technology, 2021-2031 ($Million)
Table 34. U.S. Coal to Liquid Fuel Market, by Technology, 2021-2031 (Million Liters)
Table 35. U.S. Coal to Liquid Fuel Market, by Application, 2021-2031 ($Million)
Table 36. U.S. Coal to Liquid Fuel Market, by Application, 2021-2031 (Million Liters)
Table 37. Canada Coal to Liquid Fuel Market, by Technology, 2021-2031 ($Million)
Table 38. Canada Coal to Liquid Fuel Market, by Technology, 2021-2031 (Million Liters)
Table 39. Canada Coal to Liquid Fuel Market, by Application, 2021-2031 ($Million)
Table 40. Canada Coal to Liquid Fuel Market, by Application, 2021-2031 (Million Liters)
Table 41. Mexico Coal to Liquid Fuel Market, by Technology, 2021-2031 ($Million)
Table 42. Mexico Coal to Liquid Fuel Market, by Technology, 2021-2031 (Million Liters)
Table 43. Mexico Coal to Liquid Fuel Market, by Application, 2021-2031 ($Million)
Table 44. Mexico Coal to Liquid Fuel Market, by Application, 2021-2031 (Million Liters)
Table 45. Europe Coal to Liquid Fuel Market, by Technology, 2021-2031 ($Million)
Table 46. Europe Coal to Liquid Fuel Market, by Technology, 2021-2031 (Million Liters)
Table 47. Europe Coal to Liquid Fuel Market, by Application, 2021-2031 ($Million)
Table 48. Europe Coal to Liquid Fuel Market, by Application, 2021-2031 (Million Liters)
Table 49. Europe Coal to Liquid Fuel Market, by Country, 2021-2031 ($Million)
Table 50. Europe Coal to Liquid Fuel Market, by Country, 2021-2031 (Million Liters)
Table 51. Germany Coal to Liquid Fuel Market, by Technology, 2021-2031 ($Million)
Table 52. Germany Coal to Liquid Fuel Market, by Technology, 2021-2031 (Million Liters)
Table 53. Germany Coal to Liquid Fuel Market, by Application, 2021-2031 ($Million)
Table 54. Germany Coal to Liquid Fuel Market, by Application, 2021-2031 (Million Liters)
Table 55. UK Coal to Liquid Fuel Market, by Technology, 2021-2031 ($Million)
Table 56. UK Coal to Liquid Fuel Market, by Technology, 2021-2031 (Million Liters)
Table 57. UK Coal to Liquid Fuel Market, by Application, 2021-2031 ($Million)
Table 58. UK Coal to Liquid Fuel Market, by Application, 2021-2031 (Million Liters)
Table 59. France Coal to Liquid Fuel Market, by Technology, 2021-2031 ($Million)
Table 60. France Coal to Liquid Fuel Market, by Technology, 2021-2031 (Million Liters)
Table 61. France Coal to Liquid Fuel Market, by Application, 2021-2031 ($Million)
Table 62. France Coal to Liquid Fuel Market, by Application, 2021-2031 (Million Liters)
Table 63. Italy Coal to Liquid Fuel Market, by Technology, 2021-2031 ($Million)
Table 64. Italy Coal to Liquid Fuel Market, by Technology, 2021-2031 (Million Liters)
Table 65. Italy Coal to Liquid Fuel Market, by Application, 2021-2031 ($Million)
Table 66. Italy Coal to Liquid Fuel Market, by Application, 2021-2031 (Million Liters)
Table 67. Spain Coal to Liquid Fuel Market, by Technology, 2021-2031 ($Million)
Table 68. Spain Coal to Liquid Fuel Market, by Technology, 2021-2031 (Million Liters)
Table 69. Spain Coal to Liquid Fuel Market, by Application, 2021-2031 ($Million)
Table 70. Spain Coal to Liquid Fuel Market, by Application, 2021-2031 (Million Liters)
Table 71. Rest of Europe Coal to Liquid Fuel Market, by Technology, 2021-2031 ($Million)
Table 72. Rest of Europe Coal to Liquid Fuel Market, by Technology, 2021-2031 (Million Liters)
Table 73. Rest of Europe Coal to Liquid Fuel Market, by Application, 2021-2031 ($Million)
Table 74. Rest of Europe Coal to Liquid Fuel Market, by Application, 2021-2031 (Million Liters)
Table 75. Asia-Pacific Coal to Liquid Fuel Market, by Technology, 2021-2031 ($Million)
Table 76. Asia-Pacific Coal to Liquid Fuel Market, by Technology, 2021-2031 (Million Liters)
Table 77. Asia-Pacific Coal to Liquid Fuel Market, by Application, 2021-2031 ($Million)
Table 78. Asia-Pacific Coal to Liquid Fuel Market, by Application, 2021-2031 (Million Liters)
Table 79. Asia-Pacific Coal to Liquid Fuel Market, by Country, 2021-2031 ($Million)
Table 80. Asia-Pacific Coal to Liquid Fuel Market, by Country, 2021-2031 (Million Liters)
Table 81. China Coal to Liquid Fuel Market, by Technology, 2021-2031 ($Million)
Table 82. China Coal to Liquid Fuel Market, by Technology, 2021-2031 (Million Liters)
Table 83. China Coal to Liquid Fuel Market, by Application, 2021-2031 ($Million)
Table 84. China Coal to Liquid Fuel Market, by Application, 2021-2031 (Million Liters)
Table 85. Japan Coal to Liquid Fuel Market, by Technology, 2021-2031 ($Million)
Table 86. Japan Coal to Liquid Fuel Market, by Technology, 2021-2031 (Million Liters)
Table 87. Japan Coal to Liquid Fuel Market, by Application, 2021-2031 ($Million)
Table 88. Japan Coal to Liquid Fuel Market, by Application, 2021-2031 (Million Liters)
Table 89. India Coal to Liquid Fuel Market, by Technology, 2021-2031 ($Million)
Table 90. India Coal to Liquid Fuel Market, by Technology, 2021-2031 (Million Liters)
Table 91. India Coal to Liquid Fuel Market, by Application, 2021-2031 ($Million)
Table 92. India Coal to Liquid Fuel Market, by Application, 2021-2031 (Million Liters)
Table 93. South Korea Coal to Liquid Fuel Market, by Technology, 2021-2031 ($Million)
Table 94. South Korea Coal to Liquid Fuel Market, by Technology, 2021-2031 (Million Liters)
Table 95. South Korea Coal to Liquid Fuel Market, by Application, 2021-2031 ($Million)
Table 96. South Korea Coal to Liquid Fuel Market, by Application, 2021-2031 (Million Liters)
Table 97. Rest of Asia-Pacific Coal to Liquid Fuel Market, by Technology, 2021-2031 ($Million)
Table 98. Rest of Asia-Pacific Coal to Liquid Fuel Market, by Technology, 2021-2031 (Million Liters)
Table 99. Rest of Asia-Pacific Coal to Liquid Fuel Market, by Application, 2021-2031 ($Million)
Table 100. Rest of Asia-Pacific Coal to Liquid Fuel Market, by Application, 2021-2031 (Million Liters)
Table 101. LAMEA Coal to Liquid Fuel Market, by Technology, 2021-2031 ($Million)
Table 102. LAMEA Coal to Liquid Fuel Market, by Technology, 2021-2031 (Million Liters)
Table 103. LAMEA Coal to Liquid Fuel Market, by Application, 2021-2031 ($Million)
Table 104. LAMEA Coal to Liquid Fuel Market, by Application, 2021-2031 (Million Liters)
Table 105. LAMEA Coal to Liquid Fuel Market, by Country, 2021-2031 ($Million)
Table 106. LAMEA Coal to Liquid Fuel Market, by Country, 2021-2031 (Million Liters)
Table 107. Brazil Coal to Liquid Fuel Market, by Technology, 2021-2031 ($Million)
Table 108. Brazil Coal to Liquid Fuel Market, by Technology, 2021-2031 (Million Liters)
Table 109. Brazil Coal to Liquid Fuel Market, by Application, 2021-2031 ($Million)
Table 110. Brazil Coal to Liquid Fuel Market, by Application, 2021-2031 (Million Liters)
Table 111. South Africa Coal to Liquid Fuel Market, by Technology, 2021-2031 ($Million)
Table 112. South Africa Coal to Liquid Fuel Market, by Technology, 2021-2031 (Million Liters)
Table 113. South Africa Coal to Liquid Fuel Market, by Application, 2021-2031 ($Million)
Table 114. South Africa Coal to Liquid Fuel Market, by Application, 2021-2031 (Million Liters)
Table 115. Saudi Arabia Coal to Liquid Fuel Market, by Technology, 2021-2031 ($Million)
Table 116. Saudi Arabia Coal to Liquid Fuel Market, by Technology, 2021-2031 (Million Liters)
Table 117. Saudi Arabia Coal to Liquid Fuel Market, by Application, 2021-2031 ($Million)
Table 118. Saudi Arabia Coal to Liquid Fuel Market, by Application, 2021-2031 (Million Liters)
Table 119. Rest of LAMEA Coal to Liquid Fuel Market, by Technology, 2021-2031 ($Million)
Table 120. Rest of LAMEA Coal to Liquid Fuel Market, by Technology, 2021-2031 (Million Liters)
Table 121. Rest of LAMEA Coal to Liquid Fuel Market, by Application, 2021-2031 ($Million)
Table 122. Rest of LAMEA Coal to Liquid Fuel Market, by Application, 2021-2031 (Million Liters)
Table 123. Sasol Energy: Company Snapshot
Table 124. Sasol Energy: Operating Segments
Table 125. Sasol Energy: Product Portfolio
Table 126. Sasol Energy: Net Sales
Table 127. Sasol Energy: Key Strategies
Table 128. Cleanse Corporation: Company Snapshot
Table 129. Cleanse Corporation: Operating Segments
Table 130. Cleanse Corporation: Product Portfolio
Table 131. Cleanse Corporation: Net Sales
Table 132. Cleanse Corporation: Key Strategies
Table 133. Shenhua Group: Company Snapshot
Table 134. Shenhua Group: Operating Segments
Table 135. Shenhua Group: Product Portfolio
Table 136. Shenhua Group: Net Sales
Table 137. Shenhua Group: Key Strategies
Table 138. Yitai Coal Oil Manufacturing Co. Ltd.: Company Snapshot
Table 139. Yitai Coal Oil Manufacturing Co. Ltd.: Operating Segments
Table 140. Yitai Coal Oil Manufacturing Co. Ltd.: Product Portfolio
Table 141. Yitai Coal Oil Manufacturing Co. Ltd.: Net Sales
Table 142. Yitai Coal Oil Manufacturing Co. Ltd.: Key Strategies
Table 143. Jincheng Anthracite Mining Co. Ltd.: Company Snapshot
Table 144. Jincheng Anthracite Mining Co. Ltd.: Operating Segments
Table 145. Jincheng Anthracite Mining Co. Ltd.: Product Portfolio
Table 146. Jincheng Anthracite Mining Co. Ltd.: Net Sales
Table 147. Jincheng Anthracite Mining Co. Ltd.: Key Strategies
Table 148. Shanxi Lu'an Co. Ltd.: Company Snapshot
Table 149. Shanxi Lu'an Co. Ltd.: Operating Segments
Table 150. Shanxi Lu'an Co. Ltd.: Product Portfolio
Table 151. Shanxi Lu'an Co. Ltd.: Net Sales
Table 152. Shanxi Lu'an Co. Ltd.: Key Strategies
Table 153. Bumi PLC: Company Snapshot
Table 154. Bumi PLC: Operating Segments
Table 155. Bumi PLC: Product Portfolio
Table 156. Bumi PLC: Net Sales
Table 157. Bumi PLC: Key Strategies
Table 158. Envidity Energy Inc.: Company Snapshot
Table 159. Envidity Energy Inc.: Operating Segments
Table 160. Envidity Energy Inc.: Product Portfolio
Table 161. Envidity Energy Inc.: Net Sales
Table 162. Envidity Energy Inc.: Key Strategies
Table 163. Altona Energy: Company Snapshot
Table 164. Altona Energy: Operating Segments
Table 165. Altona Energy: Product Portfolio
Table 166. Altona Energy: Net Sales
Table 167. Altona Energy: Key Strategies
Table 168. Dkrw Energy: Company Snapshot
Table 169. Dkrw Energy: Operating Segments
Table 170. Dkrw Energy: Product Portfolio
Table 171. Dkrw Energy: Net Sales
Table 172. Dkrw Energy: Key Strategies
Table 173. Monash Energy: Company Snapshot
Table 174. Monash Energy: Operating Segments
Table 175. Monash Energy: Product Portfolio
Table 176. Monash Energy: Net Sales
Table 177. Monash Energy: Key Strategies
List of Figures
Figure 1. Coal to Liquid Fuel Market Segmentation
Figure 2. Coal to Liquid Fuel Market, 2021-2031
Figure 3. Coal to Liquid Fuel Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Coal to Liquid Fuel Mark.:Drivers, Restraints and Opportunities
Figure 12. Pricing Analysis
Figure 13. Value Chain Analysis
Figure 14. Key Regulation Analysis
Figure 15. Coal to Liquid Fuel Market, By Technology, 2021(%)
Figure 16. Comparative Share Analysis of Direct Liquefaction Coal to Liquid Fuel Market, 2021-2031(%)
Figure 17. Comparative Share Analysis of Indirect Liquefaction Coal to Liquid Fuel Market, 2021-2031(%)
Figure 18. Coal to Liquid Fuel Market, By Application, 2021(%)
Figure 19. Comparative Share Analysis of Transportation Fuel Coal to Liquid Fuel Market, 2021-2031(%)
Figure 20. Comparative Share Analysis of Cooking Fuel Coal to Liquid Fuel Market, 2021-2031(%)
Figure 21. Comparative Share Analysis of Others Coal to Liquid Fuel Market, 2021-2031(%)
Figure 22. Coal to Liquid Fuel Market by Region, 2021
Figure 23. U.S. Coal to Liquid Fuel Market, 2021-2031($Million)
Figure 24. Canada Coal to Liquid Fuel Market, 2021-2031($Million)
Figure 25. Mexico Coal to Liquid Fuel Market, 2021-2031($Million)
Figure 26. Germany Coal to Liquid Fuel Market, 2021-2031($Million)
Figure 27. Uk Coal to Liquid Fuel Market, 2021-2031($Million)
Figure 28. France Coal to Liquid Fuel Market, 2021-2031($Million)
Figure 29. Italy Coal to Liquid Fuel Market, 2021-2031($Million)
Figure 30. Spain Coal to Liquid Fuel Market, 2021-2031($Million)
Figure 31. Rest of Europe Coal to Liquid Fuel Market, 2021-2031($Million)
Figure 32. China Coal to Liquid Fuel Market, 2021-2031($Million)
Figure 33. Japan Coal to Liquid Fuel Market, 2021-2031($Million)
Figure 34. India Coal to Liquid Fuel Market, 2021-2031($Million)
Figure 35. South Korea Coal to Liquid Fuel Market, 2021-2031($Million)
Figure 36. Rest of Asia-Pacific Coal to Liquid Fuel Market, 2021-2031($Million)
Figure 37. Brazil Coal to Liquid Fuel Market, 2021-2031($Million)
Figure 38. South Africa Coal to Liquid Fuel Market, 2021-2031($Million)
Figure 39. Saudi Arabia Coal to Liquid Fuel Market, 2021-2031($Million)
Figure 40. Rest of LAMEA Coal to Liquid Fuel Market, 2021-2031($Million)
Figure 41. Top Winning Strategies, by Year
Figure 42. Top Winning Strategies, by Development
Figure 43. Top Winning Strategies, by Company
Figure 44. Product Mapping of Top 10 Players
Figure 45. Competitive Dashboard
Figure 46. Competitive Heatmap of Top 10 Key Players
Figure 47. Sasol Energ.: Net Sales, ($Million)
Figure 48. Cleanse Corporatio.: Net Sales, ($Million)
Figure 49. Shenhua Grou.: Net Sales, ($Million)
Figure 50. Yitai Coal Oil Manufacturing Co. Ltd.: Net Sales, ($Million)
Figure 51. Jincheng Anthracite Mining Co. Ltd.: Net Sales, ($Million)
Figure 52. Shanxi Lu'an Co. Ltd.: Net Sales, ($Million)
Figure 53. Bumi pl.: Net Sales, ($Million)
Figure 54. Envidity Energy Inc.: Net Sales, ($Million)
Figure 55. Altona Energ.: Net Sales, ($Million)
Figure 56. Dkrw Energ.: Net Sales, ($Million)
Figure 57. Monash Energ.: Net Sales, ($Million)
Executive Summary
According to the report, “Coal to Liquid Fuel Market," the coal to liquid fuel market size was valued at $3.4 billion in 2021, and coal to liquid fuel industry is estimated to reach $7.7 billion by 2031, growing at a CAGR of 8.7% from 2022 to 2031.Coal is an essential fuel utilized across the globe to generate electricity, while petroleum fuels are commonly utilized in vehicles. Moreover, coal and petroleum fuels majorly possess carbon, which makes the conversion of coal to liquid fuels more feasible. The production of liquid fuel from coal is also known as coal-to-liquid technology or coal liquefaction through direct or indirect liquefaction. In this procedure, the coal is dissolved in solvent at high temperature and pressure, followed by hydrogenation to produce a high grade, clean fuel suitable for use in transportation. Moreover, the obtained liquid fuel tends to be ultra-clean, sulfur-free, low in particulates, causes low CO2 emissions.
Increase in dependency on natural gas and crude oil to produce transportation fuels along with stagnant or slowly declining reserves as per the current industry scenario is the key factor responsible for the CTL technology implementation. The rise in the costs of crude oil or natural gas processing is further projected to drive demand for the CTL process. Technological advancements coupled with sustained growth of the liquid fuels demand for transportation are the key factors driving the global CTL market. In the current industry scenario, there are twenty active CTL facilities across the globe. With a rise in gas prices, the substitution of natural gas from dry coal, to be used in natural gas-fired power generation facilities, seems to be significantly economical.
The coal liquefaction market also has certain restraints. These include environmental pollution if coal is burned in the atmosphere. Coal liquefaction may cause health problems and optimum air quality issues if handled inappropriately. Risk associated with soil and water contamination in the process of coal liquefaction is high. High capital investment in setting up liquefaction plants and technology implementation are also hampering the coal to liquid fuel market growth.
The global coal to liquid fuel market forecast is segmented based on by technology, application, and region. On the basis of technology, the market is segmented into direct liquefaction and indirect liquefaction. In addition, on the basis of application, the market is segmented into transportation fuel, cooking fuel, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest coal to liquid fuel market share, followed by North America, Europe, and LAMEA.
China is the leading country in the global CTL industry with the maximum number of actively operating projects, i.e., eight as of the total plants in the world. Companies involved in the development or operation maintenance of these projects include Shenhua Group (Erdos, Inner Mongolia); Yitai Coal Oil Manufacturing Co., Ltd. (Ordos, Zhungeer); Jincheng Anthracite Mining Co., Ltd. (Jincheng); Shanxi Lu'an Co. Ltd. (Lu'an); Yitai Yili Energy Co. (Yili); Yitai (the Ordos, Zhungeer-Dalu and Guanquanbao, Urumqi); and Shenhua Group Corp. Ltd. (Yinchuan, Ningxia). The National Petroleum Council had presented several situations with the production forecast, which clarifies that the peak oil situation can only be partially solved by the currently operating CTL projects. The industry must be commercially developed over the coming years, in terms of coal supply and set up of new plants along with instant commissioning of the planned but delayed or the cancelled projects.
Competitive Landscape
The major companies profiled in this report includes Sasol Energy, Cleanse Corporation, Shenhua Group, Yitai Coal OIl Manufacturing Co. Ltd., Jincheng Anthracite Mining Co., Ltd., Shanxi Lu'an Co. Ltd., Bumi Plc, Envidity Energy Inc., Altona Energy, DKRW Energy, and Monash Energy. Due to increase in the demand for eco-friendly and presence of abundant coal, deteriorating levels of petroleum reservoirs, increased awareness about the technical expertise related to the conversion process among the industrialists, and growth of transportation sector in developing countries, such as India and China, drive the coal to liquid fuel market. The above-mentioned factors will have positive impact on the demand for coal to liquid fuel market. Additional growth strategies such as expansion of storage capacities, acquisition, partnership and research & innovation in the optimization and improvement in efficiency of the conversion of coal to liquid fuel have led to attain key developments in the global coal to liquid fuel market trends.Key Findings of the Study
- As per coal to liquid fuel market analysis, by region, Asia-Pacific is projected to exhibit CAGR of 9.0% from 2022 to 2031.
- By technology, the indirect liquefaction segment for the largest market share in 2021.
- By application, the transportation fuel segment was the leading segment in 2021.
Impact of Covid-19 on Global Coal to Liquid Fuel Market
The global COVID-19 pandemic has negative impact on the coal to liquid fuel market. The pandemic outbreak has not only caused infections and deaths but also created havoc in the global economy. Mining companies have been severely affected by the pandemic outbreak. Global restrictions to encourage social distancing have negative impact on mining and construction projects, which have either slowed or put on hold for further notice. The above-mentioned factor seriously affected the growth of the coal to liquid fuel market. However, after the vaccination initiatives among the developed and developing countries has led to gradual decline over the restriction over social distancing.Furthermore, the government has invested huge revenue in order to kick start the stagnant global economy through construction and mining industries. In addition, developing countries such as India and China have invested in the development of the alternative fuel production plants while gradually reducing the fossil fuel imports in order to improve the national energy security. The presence of above-mentioned initiatives and policies will provide lucrative coal to liquid fuel market opportunities for the development of the market.
Companies Mentioned
- Sasol Energy
- Cleanse Corporation
- Shenhua Group
- Yitai Coal OIl Manufacturing Co. Ltd.
- Jincheng Anthracite Mining Co., Ltd.
- Shanxi Lu'an Co. Ltd.
- Bumi Plc
- Envidity Energy Inc.
- Altona Energy
- DKRW Energy
- Monash Energy
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 233 |
| Published | September 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 3.4 billion |
| Forecasted Market Value ( USD | $ 7.7 billion |
| Compound Annual Growth Rate | 8.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
