Synthetic Fuels Market by Fuel Type (Methanol to liquid (MTL), Power to liquid (PTL), Gas to liquid (GTL)), Application (Gasoline, Diesel, Kerosene), End Use (Transportation, Industrial, Chemical ), and Region

The Synthetic Fuels Market in Rest of World (South America and Middle East & Africa) Accounted for the Second-Largest Share in 2022

The synthetic fuels market is projected to grow from USD 48.4 billion in 2023 to USD 70.1 billion by 2030, at a CAGR of 5.4%. The market for synthetic fuels is witnessing growth across different regions. Asia Pacific is a prominent market worldwide owing to increasing investment by private players boosting R&D in the development of different applications of synthetic fuel.

By fuel type, gasoline to liquid segment accounted for the second-largest share in the synthetic fuels market in 2022.

The gasoline-to-liquid segment held the second-largest share in 2022. It is a synthetic alternative to diesel and gasoline, made by converting natural gas into liquid form suitable for conventional engines. This conversion involves steam methane reforming (SMR) or autothermal reforming (ATR) to produce syngas, followed by Fischer-Tropsch (FT) synthesis using catalysts. GTL fuel is versatile, finding applications in transportation, power generation, and heating, offering a cleaner energy option.

By end use, the chemical & others segment accounted for the second-largest share in the synthetic fuels market in 2022.

The chemical & others end-use held the second-largest share in 2022. Synthetic fuels has multiple applications in the chemical sector, reducing greenhouse gas emissions and fossil fuel dependence. It acts as a carbon source for chemicals like syngas, used in methanol, ammonia, and synthetic hydrocarbon production, while also supplying hydrogen for various chemical processes. Additionally, synthetic fuels aligns with green chemistry principles, offering a renewable, low-carbon alternative in chemical processes. This versatility makes it a vital asset in achieving sustainability goals within the chemical industry. These factors further propel the demand for chemical & other segments in the synthetic fuels market.

By application, the gasoline segment accounted for the second-largest share in synthetic fuels in 2022.

Gasoline plays a significant role in within the synthetic fuels market. Synthetic gasoline, or syn-gasoline, mirroring traditional gasoline, is generated via Fischer-Tropsch synthesis from carbon-containing inputs such as natural gas, coal, or biomass. It serves as a cleaner energy transition option, compatible with existing infrastructure and engines. This technology curbs fossil fuel dependence and emissions, with renewable sources and carbon capture enhancing its eco-friendliness. Ongoing research and innovation are pivotal in advancing the synthetic fuels market, propelling its growth and sustainability.

The synthetic fuels market in rest of world (South America and Middle East & Africa) accounted for the second-largest share in 2022.

Rest of world (South America and Middle East & Africa) was the second-largest consumer of synthetic fuels worldwide in 2022. South America, including Brazil and Chile, presents a burgeoning synthetic fuels market due to its robust economy and status as a manufacturing and foreign investment hub, driven by cost-effective skilled labor and increased investments in transportation and industry. Meanwhile, in the Middle East & Africa (MEA), abundant natural gas, coal, and biomass resources provide a strong foundation for synthetic fuels production. MEA's growing focus on hydrogen as a feedstock, particularly through green hydrogen initiatives, supports synthetic hydrocarbon production, aligning with Saudi Arabia's ambition to become a top hydrogen supplier, and contributing to the global growth of the synthetic fuels market.

Profile break-up of primary participants for the report:

By Company Type: Tier 1 - 65%, Tier 2 -20%, and Tier 3 - 15%
By Designation: C-level Executives - 25%, Directors - 30%, and Others - 45%
By Region: North America - 30%, Europe -20%, Asia Pacific - 40%, Middle East & Africa-7%, South America -3%

The synthetic fuels report is dominated by players, such as Shell (UK), SASOL (South Africa), CHN Energy Investment Group Co., Ltd. (China), Chevron Renewable Energy Group (US), ExxonMobil Corporation (US), TotalEnergies (France), Neste (Finland), Petro SA (South Africa), Linde Engineering (Ireland), Synthesis Energy Systems, Inc. (US), Dakota Gasification Company (US), TOPSOE (Denmark), MaireTecnimont S.p.A. (Italy), Sunfire GmbH (Germany), RWE (Germany), QatarEnergy (Qatar), Inner Mongolia Yital Coal Co., Ltd. (China) and others.

Research Coverage:

The report defines, segments, and projects the size of the synthetic fuels market based on fuel type, end use, application, and region. It strategically profiles the key players and comprehensively analyzes their market share and core competencies. It also tracks and analyzes competitive developments, such as joint ventures, collaborations, partnerships, acquisitions, agreements, investments, and expansions undertaken by them in the market.

Reasons to Buy the Report:

The report is expected to help the market leaders/new entrants in the market by providing them with the closest approximations of revenue numbers of the synthetic fuels market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the position of their businesses and make suitable go-to-market strategies. It also enables stakeholders to understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

Analysis of key drivers (investment from private players boosting research and development, diversification in the primary energy mix), restraints (high cost of synthetic fuels, a growing market for electric vehicles and alternative fuel), opportunities (high potential of different applications of synthetic fuels, introduction of carbon pricing mechanism and tax credits for synthetic fuels production), and challenges (difficulty in achieving economies of scale in synthetic fuels production) influencing the growth of the synthetic fuels market.
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities in the synthetic fuels market.
Market Development: Comprehensive information about lucrative markets - the report analyses the synthetic fuels market across varied regions.
Market Diversification: Exhaustive information about new products, various fuel types, untapped geographies, recent developments, and investments in the synthetic fuels market.
Competitive Assessment: In-depth assessment of market shares, growth strategies and product offerings of leading players such as Shell (UK), SASOL (South Africa), CHN Energy Investment Group Co., Ltd. (China), Chevron Renewable Energy Group (US) and ExxonMobil Corporation (US), among others in the synthetic fuels market.

1 Introduction

1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions and Exclusions
Table 1 Synthetic Fuels Market: Inclusions and Exclusions
1.3 Market Scope
Figure 1 Synthetic Fuels Market Segmentation
1.3.1 Regional Scope
1.3.2 Years Considered
1.4 Currency Considered
1.5 Units Considered
1.6 Limitations
1.7 Stakeholders

2 Research Methodology

2.1 Research Data
Figure 2 Synthetic Fuels Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Breakdown of Primary Interviews
2.1.2.3 Key Industry Insights
2.2 Matrix Considered for Demand Side
Figure 3 Main Matrix Considered for Assessing Demand for Synthetic Fuels
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
Figure 4 Market Size Estimation: Bottom-Up Approach
2.3.2 Top-Down Approach
Figure 5 Market Size Estimation: Top-Down Approach
2.4 Methodology for Supply-Side Sizing of Synthetic Fuels Market
2.5 Analysis of Supply-Side Sizing of Synthetic Fuels Market
2.5.1 Calculations Based on Supply-Side Analysis
2.5.2 Growth Forecast
2.6 Market Breakdown and Data Triangulation
Figure 6 Synthetic Fuels Market: Data Triangulation
2.7 Impact of Recession
2.8 Research Assumptions
2.9 Research Limitations
2.10 Risk Analysis

3 Executive Summary

Table 2 Synthetic Fuels Market Snapshot: 2023 Vs. 2030
Figure 7 Methanol to Liquid (Mtl) to Hold Largest Market During Forecast Period
Figure 8 Transportation Segment to Register Highest CAGR During Forecast Period
Figure 9 Diesel Segment to Account for Largest Market During Forecast Period
Figure 10 North America to Witness Highest CAGR During Forecast Period

4 Premium Insights

4.1 Attractive Opportunities for Players in Synthetic Fuels Market
Figure 11 Synthetic Fuels Market Driven by Increase in Demand from Aerospace & Defense, Marine, and Other Sectors
4.2 Synthetic Fuels Market, by Region
Figure 12 Asia-Pacific to Account for Largest Market During Forecast Period
4.3 Synthetic Fuels Market, by Fuel Type
Figure 13 Power to Liquid Fuel to Register Highest CAGR During Forecast Period
4.4 Synthetic Fuels Market, by End Use
Figure 14 Transportation Segment Accounted for Largest Market Share in 2023
4.5 Synthetic Fuels Market, by Application
Figure 15 Kerosene to Register Highest CAGR During Forecast Period

5 Market Overview

5.1 Market Dynamics
Figure 16 Drivers, Restraints, Opportunities, and Challenges in Synthetic Fuels Market
5.1.1 Drivers
5.1.1.1 Investment by Private Players Boosting Research and Development
5.1.1.2 Diversification in Primary Energy Mix
5.1.2 Restraints
5.1.2.1 High Cost of Synthetic Fuel
5.1.2.2 Growing Market for Electric Vehicles and Alternative Fuel
5.1.3 Opportunities
5.1.3.1 High Potential Use of Synthetic Fuels in Various Applications
5.1.3.2 Introduction of Carbon Pricing Mechanism and Tax Credits for Synthetic Fuel Production
5.1.4 Challenges
5.1.4.1 Difficulty in Achieving Economies of Scale in Synthetic Fuel Production
5.2 Value Chain Analysis
Figure 17 Value Chain Analysis of Synthetic Fuels Market
5.3 Ecosystem Mapping
Figure 18 Ecosystem Mapping of Synthetic Fuels Market
Table 3 Ecosystem of Synthetic Fuels Market
5.4 Porter's Five Forces Analysis
Figure 19 Porter's Five Forces Analysis of Synthetic Fuels Market
Table 4 Impact of Porter's Five Forces on the Synthetic Fuels Market
5.4.1 Bargaining Power of Suppliers
5.4.2 Threat of New Entrants
5.4.3 Threat of Substitutes
5.4.4 Bargaining Power of Buyers
5.4.5 Intensity of Competitive Rivalry
5.5 Pricing Analysis
5.5.1 Average Selling Price Trend, by Region
Figure 20 Synthetic Fuels Market: Average Selling Price Trend, by Region
5.5.2 Indicative Price Trend, by Fuel Type
Figure 21 Synthetic Fuels Market: Indicative Price Trend, by Fuel Type
5.6 Tariff and Regulatory Landscape
5.6.1 Regulatory Bodies, Government Agencies, and Other Organizations
Table 5 North America: Regulatory Bodies, Government Agencies, and Other Organizations
Table 6 Europe: Regulatory Bodies, Government Agencies, and Other Organizations
Table 7 Asia-Pacific: Regulatory Bodies, Government Agencies, and Other Organizations
Table 8 Rest of the World: Regulatory Bodies, Government Agencies, and Other Organizations
5.6.2 Market Regulations and Standards
Table 9 Regulations and Standards for Fuels
5.7 Key Conferences and Events (2023-2024)
Table 10 Synthetic Fuels Market: Key Conferences and Events (2023-2024)
5.8 Key Stakeholders and Buying Criteria
5.8.1 Key Stakeholders in the Buying Process
Figure 22 Influence of Stakeholders on the Buying Process for Top Three End Uses
Table 11 Influence of Stakeholders on the Buying Process for Top Three End Uses (%)
Figure 23 Key Buying Criteria for Top Three End Uses
Table 12 Key Buying Criteria for Top Three End Uses
5.9 Patent Analysis
5.9.1 Methodology
Figure 24 List of Major Patents for Synthetic Fuels
5.9.2 Jurisdiction Analysis
Figure 25 Us Accounted for Highest Patent Count
5.9.2.1 Major Patents
Table 13 List of Recent Patents by General Electric
Table 14 List of Recent Patents by Exxonmobil
Table 15 List of Recent Patents by Basf Se
5.10 Technology Analysis
5.10.1 Synthetic Biology Project Paves the Way for Carbon-Negative Biofuels
5.10.2 Pioneering Carbon-Neutral Synthetic Fuel for Net-Zero Aviation
5.11 Case Study Analysis
5.11.1 Porsche's Carbon-Neutral Synthetic Fuels from Thin Air
5.11.2 Honeywell's Uop Efining Technology Pioneers Sustainable Aviation Fuel
5.12 Trade Data
5.12.1 Export Scenario
Table 16 Export Data on Hs Code: 27101951: Mineral Fuels, Mineral Oils, and Products of Their Distillation; Bituminous Substances; Mineral Waxes (USD Thousand)
5.12.2 Import Scenario
Table 17 Import Data on Hs Code: 27101951: Mineral Fuels, Mineral Oils, and Products of Their Distillation; Bituminous Substances; Mineral Waxes (USD Thousand)
5.13 Trends/Disruptions Impacting Customer Business
5.13.1 Revenue Shifts and New Revenue Pockets for Synthetic Fuel Manufacturers/Suppliers
Figure 26 Revenue Shift for Synthetic Fuel Manufacturers

6 Synthetic Fuels Market, by Feedstock

6.1 Introduction
Figure 27 Synthetic Fuels Market, by Feedstock
6.2 Natural Gas
6.3 Methanol
6.4 Power
6.5 Other Feedstocks

7 Synthetic Fuels Market, by Process

7.1 Introduction
7.2 Fischer-Tropsch Synthesis
7.3 Methanol Synthesis
7.4 Electrolysis
Figure 28 Synthetic Fuels Market, by Process (Electrolysis)
7.5 Coal Liquefaction

8 Synthetic Fuels Market, by Fuel Type

8.1 Introduction
Figure 29 Methanol to Liquid Segment to be Largest Market During Forecast Period
Table 18 Synthetic Fuels Market, by Fuel Type, 2019-2022 (USD Million)
Table 19 Synthetic Fuels Market, by Fuel Type, 2023-2030 (USD Million)
Table 20 Synthetic Fuels Market, by Fuel Type, 2019-2022 (Million Liter)
Table 21 Synthetic Fuels Market, by Fuel Type, 2023-2030 (Million Liter)
8.2 Gas to Liquid Fuel
8.2.1 Increasing Demand for High Energy Density Fuel to Promote Market Growth
Table 22 Gas to Liquid: Synthetic Fuels Market, by Region, 2019-2022 (USD Million)
Table 23 Gas to Liquid: Synthetic Fuels Market, by Region, 2023-2030 (USD Million)
8.3 Methanol to Liquid
8.3.1 Clean-Burning and High-Octane Rating Offered by Methanol to Boost Market
Table 24 Methanol to Liquid: Synthetic Fuels Market, by Region, 2019-2022 (USD Million)
Table 25 Methanol to Liquid: Synthetic Fuels Market, by Region, 2023-2030 (USD Million)
8.4 Power to Liquid Fuel
8.4.1 Very Low Lifecycle Emissions to Drive Demand
Table 26 Power to Liquid: Synthetic Fuels Market, by Region, 2019-2022 (USD Million)
Table 27 Power to Liquid: Synthetic Fuels Market, by Region, 2023-2030 (USD Million)
8.5 Other Fuel Types
Table 28 Others: Synthetic Fuels Market, by Region, 2019-2022 (USD Million)
Table 29 Others: Synthetic Fuels Market, by Region, 2023-2030 (USD Million)

9 Synthetic Fuels Market, by Application

9.1 Introduction
Figure 30 Diesel Segment to Lead Synthetic Fuels Market During Forecast Period
Table 30 Synthetic Fuels Market, by Application, 2019-2022 (USD Million)
Table 31 Synthetic Fuels Market, by Application, 2023-2030 (USD Million)
9.2 Gasoline
9.2.1 Compatibility with Existing Internal Combustion Engines & Infrastructure to Boost Demand
9.3 Diesel
9.3.1 Reduced Sulfur Emissions Aided by Low Sulfur Content to Drive Market
9.4 Kerosene
9.4.1 Enhanced Energy Security and Sustainability to Create Growth Opportunities

10 Synthetic Fuels Market, by End Use

10.1 Introduction
Figure 31 Transportation Segment to Grow at Highest CAGR During Forecast Period
Table 32 Synthetic Fuels Market, by End Use, 2019-2022 (USD Million)
Table 33 Synthetic Fuels Market, by End Use, 2023-2030 (USD Million)
10.2 Transportation
10.2.1 Growing Vehicle Production Worldwide to Drive Demand
10.3 Industrial
10.3.1 Aim to Reduce Carbon Emissions and Achieve Carbon Neutrality to Boost Demand
10.4 Chemical & Others
10.4.1 Increasing Preference for Sustainable and Eco-Friendly Practices to Propel Demand

11 Synthetic Fuels Market, by Market Maturity

11.1 Introduction
11.2 Prototyping/Introductory
11.3 Emerging
11.4 Mature

12 Synthetic Fuels Market, by Environmental Impact

12.1 Introduction
12.2 Carbon-Neutral/Capture Technologies
12.3 Low-Carbon/Conventional

13 Synthetic Fuels Market, by Region

13.1 Introduction
Figure 32 Asia-Pacific to Lead Synthetic Fuels Market During Forecast Period
Table 34 Synthetic Fuels Market, by Region, 2019-2022 (USD Million)
Table 35 Synthetic Fuels Market, by Region, 2023-2030 (USD Million)
13.2 North America
13.2.1 Recession Impact
Figure 33 North America: Synthetic Fuels Market Snapshot
Table 36 North America: Synthetic Fuels Market, by Country, 2019-2022 (USD Million)
Table 37 North America: Synthetic Fuels Market, by Country, 2023-2030 (USD Million)
Table 38 North America: Synthetic Fuels Market, by Fuel Type, 2019-2022 (USD Million)
Table 39 North America: Synthetic Fuels Market, by Fuel Type, 2023-2030 (USD Million)
Table 40 North America: Synthetic Fuels Market, by End Use, 2019-2022 (USD Million)
Table 41 North America: Synthetic Fuels Market, by End Use, 2023-2030 (USD Million)
13.2.2 US
13.2.2.1 Robust Investments, Technological Innovation, and Government Support to Drive Market
Table 42 US: Synthetic Fuels Market, by Fuel Type, 2019-2022 (USD Million)
Table 43 US: Synthetic Fuels Market, by Fuel Type, 2023-2030 (USD Million)
13.2.3 Canada
13.2.3.1 Investments and Global Partnerships to Drive Market
Table 44 Canada: Synthetic Fuels Market, by Fuel Type, 2019-2022 (USD Million)
Table 45 Canada: Synthetic Fuels Market, by Fuel Type, 2023-2030 (USD Million)
13.2.4 Mexico
13.2.4.1 Strategic Initiatives, Partnerships, and Investments to Drive Market
Table 46 Mexico: Synthetic Fuels Market, by Fuel Type, 2019-2022 (USD Million)
Table 47 Mexico: Synthetic Fuels Market, by Fuel Type, 2023-2030 (USD Million)
13.3 Europe
13.3.1 Recession Impact
Figure 34 Europe: Synthetic Fuels Market Snapshot
Table 48 Europe: Synthetic Fuels Market, by Country, 2019-2022 (USD Million)
Table 49 Europe: Synthetic Fuels Market, by Country, 2023-2030 (USD Million)
Table 50 Europe: Synthetic Fuels Market, by Fuel Type, 2019-2022 (USD Million)
Table 51 Europe: Synthetic Fuels Market, by Fuel Type, 2023-2030 (USD Million)
Table 52 Europe: Synthetic Fuels Market, by End Use, 2019-2022 (USD Million)
Table 53 Europe: Synthetic Fuels Market, by End Use, 2023-2030 (USD Million)
13.3.2 Germany
13.3.2.1 Private Investments and Commitment to Green Energy Solutions to Drive Market
Table 54 Germany: Synthetic Fuels Market, by Fuel Type, 2019-2022 (USD Million)
Table 55 Germany: Synthetic Fuels Market, by Fuel Type, 2023-2030 (USD Million)
13.3.3 UK
13.3.3.1 Alignment with Decarbonization Policies, Low-Carbon Fuel Adoption, Investments, and Technological Advancements to Drive Market
Table 56 UK: Synthetic Fuels Market, by Fuel Type, 2019-2022 (USD Million)
Table 57 UK: Synthetic Fuels Market, by Fuel Type, 2023-2030 (USD Million)
13.3.4 Russia
13.3.4.1 Government and Industry Backing to Drive Market
13.3.5 France
13.3.5.1 Tax Incentives and Industry Collaborations to Drive Market
Table 58 France: Synthetic Fuels Market, by Fuel Type, 2019-2022 (USD Million)
Table 59 France: Synthetic Fuels Market, by Fuel Type, 2023-2030 (USD Million)
13.3.6 Rest of Europe
Table 60 Rest of Europe: Synthetic Fuels Market, by Fuel Type, 2019-2022 (USD Million)
Table 61 Rest of Europe: Synthetic Fuels Market, by Fuel Type, 2023-2030 (USD Million)
13.4 Asia-Pacific
13.4.1 Recession Impact
Figure 35 Asia-Pacific: Synthetic Fuels Market Snapshot
Table 62 Asia-Pacific: Synthetic Fuels Market, by Country, 2019-2022 (USD Million)
Table 63 Asia-Pacific: Synthetic Fuels Market, by Country, 2023-2030 (USD Million)
Table 64 Asia-Pacific: Synthetic Fuels Market, by Fuel Type, 2019-2022 (USD Million)
Table 65 Asia-Pacific: Synthetic Fuels Market, by Fuel Type, 2023-2030 (USD Million)
Table 66 Asia-Pacific: Synthetic Fuels Market, by End Use, 2019-2022 (USD Million)
Table 67 Asia-Pacific: Synthetic Fuels Market, by End Use, 2023-2030 (USD Million)
13.4.2 China
13.4.2.1 Government Support and Investments in Synthetic Fuel Technologies, Such as Mto and Saf, to Drive Market
Table 68 China: Synthetic Fuels Market, by Fuel Type, 2019-2022 (USD Million)
Table 69 China: Synthetic Fuels Market, by Fuel Type, 2023-2030 (USD Million)
13.4.3 Japan
13.4.3.1 Green Growth Strategy, Advanced Hydrogen Tech, and Maritime Focus to Drive Market
Table 70 Japan: Synthetic Fuels Market, by Fuel Type, 2019-2022 (USD Million)
Table 71 Japan: Synthetic Fuels Market, by Fuel Type, 2023-2030 (USD Million)
13.4.4 India
13.4.4.1 Strategic Initiatives, Research Progress, and Government Support to Drive Market
Table 72 India: Synthetic Fuels Market, by Fuel Type, 2019-2022 (USD Million)
Table 73 India: Synthetic Fuels Market, by Fuel Type, 2023-2030 (USD Million)
13.4.5 South Korea
13.4.5.1 Government Policies, Research, and Corporate Partnerships to Drive Market
Table 74 South Korea: Synthetic Fuels Market, by Fuel Type, 2019-2022 (USD Million)
Table 75 South Korea: Synthetic Fuels Market, by Fuel Type, 2023-2030 (USD Million)
13.4.6 Rest of Asia-Pacific
Table 76 Rest of Asia-Pacific: Synthetic Fuels Market, by Fuel Type, 2019-2022 (USD Million)
Table 77 Rest of Asia-Pacific: Synthetic Fuels Market, by Fuel Type, 2023-2030 (USD Million)
13.5 Rest of World
13.5.1 Recession Impact
Table 78 Rest of World: Synthetic Fuels Market, by Region, 2019-2022 (USD Million)
Table 79 Rest of World: Synthetic Fuels Market, by Region, 2023-2030 (USD Million)
Table 80 Rest of World: Synthetic Fuels Market, by Fuel Type, 2019-2022 (USD Million)
Table 81 Rest of World: Synthetic Fuels Market, by Fuel Type, 2023-2030 (USD Million)
Table 82 Rest of World: Synthetic Fuels Market, by End Use, 2019-2022 (USD Million)
Table 83 Rest of World: Synthetic Fuels Market, by End Use, 2023-2030 (USD Million)

14 Competitive Landscape

14.1 Introduction
14.2 Strategies Adopted by Key Players
Table 84 Overview of Strategies Adopted by Key Manufacturers
14.3 Revenue Analysis
Figure 36 Revenue Analysis of Key Companies (2018-2022)
14.4 Market Share Analysis
14.4.1 Ranking of Key Market Players, 2022
Figure 37 Ranking of Top Five Players in Synthetic Fuels Market, 2022
14.4.2 Market Share of Key Players
Figure 38 Synthetic Fuels Market Share Analysis
Table 85 Synthetic Fuels Market: Degree of Competition
14.5 Company Evaluation Quadrant (Tier 1)
14.5.1 Stars
14.5.2 Emerging Leaders
14.5.3 Pervasive Players
14.5.4 Participants
Figure 39 Company Evaluation Quadrant: Synthetic Fuels Market (Tier 1 Companies)
14.5.5 Company Footprint
Figure 40 Synthetic Fuels Market: Company Footprint
Table 86 Synthetic Fuels Market: End Use Footprint
Table 87 Synthetic Fuels Market: Company Region Footprint
14.6 Start-Up/Sme Evaluation Quadrant
14.6.1 Progressive Companies
14.6.2 Responsive Companies
14.6.3 Dynamic Companies
14.6.4 Starting Blocks
Figure 41 Start-Up/Sme Evaluation Quadrant: Synthetic Fuels Market
14.6.5 Competitive Benchmarking
Table 88 Synthetic Fuels Market: Detailed List of Key Start-Ups/SMEs
Table 89 Synthetic Fuels Market: Competitive Benchmarking of Key Start-Ups/SMEs
14.7 Competitive Scenarios and Trends
14.7.1 Deals
Table 90 Synthetic Fuels Market: Deals (2019-August 2023)
14.7.2 Other Developments
Table 91 Synthetic Fuels Market: Expansions, Investments, and Innovations (2019-August 2023)

15 Company Profiles

Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View, Key Strengths, Strategic Choices, Weaknesses and Competitive Threats
15.1 Key Players
15.1.1 Shell
Table 92 Shell: Company Overview
Figure 42 Shell: Company Snapshot
Table 93 Shell: Products Offered
Table 94 Shell: Deals
Table 95 Shell: Others
15.1.2 Sasol
Table 96 Sasol: Company Overview
Figure 43 Sasol: Company Snapshot
Table 97 Sasol: Products Offered
Table 98 Sasol: Deals
15.1.3 Chn Energy Investment Group Co., Ltd.
Table 99 Chn Energy Investment Group Co., Ltd.: Company Overview
Table 100 Chn Energy Investment Group Co., Ltd: Products Offered
Table 101 Chn Energy Investment Group Co., Ltd.: Deals
Table 102 Chn Energy Investment Group Co., Ltd.: Others
15.1.4 Chevron Renewable Energy Group
Table 103 Chevron Renewable Energy Group: Company Overview
Table 104 Chevron Renewable Energy Group: Products Offered
Table 105 Chevron Renewable Energy Group: Deals
Table 106 Chevron Renewable Energy Group: Others
15.1.5 ExxonMobil Corporation
Table 107 Exxonmobil Corporation: Company Overview
Figure 44 Exxonmobil Corporation: Company Snapshot
Table 108 Exxonmobil Corporation: Products Offered
Table 109 Exxonmobil Corporation: Deals
15.1.6 Totalenergies
Table 110 Totalenergies: Company Overview
Figure 45 Totalenergies: Company Snapshot
Table 111 Totalenergies: Products Offered
Table 112 Totalenergies: Deals
15.1.7 Neste
Table 113 Neste: Company Overview
Figure 46 Neste: Company Snapshot
Table 114 Neste: Products Offered
Table 115 Neste: Deals
Table 116 Neste: Others
15.1.8 Petro Sa
Table 117 Petro Sa: Company Overview
Table 118 Petro Sa: Products Offered
15.1.9 Linde Engineering
Table 119 Linde Engineering: Company Overview
Figure 47 Linde Engineering: Company Snapshot
Table 120 Linde Engineering: Products Offered
15.1.10 Synthesis Energy Systems, Inc.
Table 121 Synthesis Energy Systems, Inc.: Company Overview
Table 122 Synthesis Energy Systems, Inc.: Products Offered
15.1.11 Dakota Gasification Company
Table 123 Dakota Gasification Company: Company Overview
Figure 48 Dakota Gasification Company: Company Snapshot
Table 124 Dakota Gasification Company: Products Offered
15.1.12 Topsoe
Table 125 Topsoe: Company Overview
Figure 49 Topsoe: Company Snapshot
Table 126 Topsoe: Products Offered
Table 127 Topsoe: Deals
Table 128 Topsoe: Others
15.1.13 Maire Tecnimont S.P.A.
Table 129 Maire Tecnimont S.P.A.: Company Overview
Figure 50 Maire Tecnimont S.P.A.: Company Snapshot
Table 130 Maire Tecnimont S.P.A.: Products Offered
Table 131 Maire Tecnimont S.P.A.: Deals
15.1.14 Sunfire GmbH
Table 132 Sunfire GmbH: Company Overview
Table 133 Sunfire GmbH: Products Offered
Table 134 Sunfire GmbH: Deals
15.1.15 Rwe
Table 135 Rwe: Company Overview
Figure 51 Rwe: Company Snapshot
Table 136 Rwe: Products Offered
Table 137 Rwe: Deals
15.1.16 Qatarenergy
Table 138 Qatarenergy: Company Overview
Figure 52 Qatarenergy: Company Snapshot
Table 139 Qatarenergy: Products Offered
Table 140 Qatarenergy: Deals
Table 141 Qatarenergy: Others
15.1.17 Inner Mongolia Yitai Coal Co., Ltd.
Table 142 Inner Mongolia Yitai Coal Co., Ltd.: Company Overview
Figure 53 Inner Mongolia Yitai Coal Co., Ltd.: Company Snapshot
Table 143 Inner Mongolia Yitai Coal Co., Ltd.: Products Offered
15.2 Other Players
15.2.1 Norsk E-Fuel
Table 144 Norsk E-Fuel: Company Overview
Table 145 Norsk E-Fuel: Products Offered
Table 146 Norsk E-Fuel: Deals
Table 147 Norsk E-Fuel: Others
15.2.2 Prometheus Fuels
Table 148 Prometheus Fuels: Company Overview
Table 149 Prometheus Fuels: Products Offered
Table 150 Prometheus Fuels: Deals
15.2.3 Skynrg
Table 151 Skynrg: Company Overview
Table 152 Skynrg: Products Offered
15.2.4 Synhelion Sa
Table 153 Synhelion Sa: Company Overview
Table 154 Synhelion Sa: Products Offered
Table 155 Synhelion Sa: Deals
15.2.5 Saf+ Consortium
Table 156 Saf+ Consortium: Company Overview
Table 157 Saf+ Consortium: Products Offered
Table 158 Saf+ Consortium: Deals
15.2.6 Virent, Inc.
Table 159 Virent, Inc.: Company Overview
Table 160 Virent, Inc.: Products Offered
Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View, Key Strengths, Strategic Choices, Weaknesses and Competitive Threats Might Not be Captured in Case of Unlisted Companies.

16 Adjacent and Related Markets

16.1 Introduction
16.2 Limitations
16.3 Synthetic Fuels Interconnected Markets
16.3.1 Aviation Fuel Market
16.3.1.1 Market Definition
16.3.1.2 Market Overview
16.4 Aviation Fuel Market, by Fuel Type
16.4.1 Conventional Fuel
16.4.1.1 Aviation Turbine Fuel
16.4.1.2 Jet a
16.4.1.2.1 Extensive Use of Jet a Fuel in US
16.4.1.3 Jet A1
16.4.1.3.1 Rising Demand for Jet A1 Fuel Outside US
16.4.2 Avgas
16.4.2.1 Demand for Aviation Gasoline for Piston Engine Aircraft
16.5 Sustainable Fuel
16.5.1 Biofuel
16.5.1.1 Drop-In Capability with No Changes in Aircraft Infrastructure to Drive Demand
16.5.2 Hydrogen Fuel
16.5.2.1 Advantage of Being True Zero-Carbon Solution to Drive Demand
Table 161 Current Hydrogen-Powered Aircraft Developments
16.5.3 Power-To-Liquid
16.5.3.1 Benefits Like Very Low Lifecycle Emissions to Drive Demand
16.5.4 Gas-To-Liquid
16.5.4.1 Technological Advancements to Drive Demand
Table 162 Aviation Fuel Market, by Fuel Type, 2018-2021 (USD Million)
Table 163 Aviation Fuel Market, by Fuel Type, 2022-2030 (USD Million)

17 Appendix

17.1 Discussion Guide
17.2 Knowledgestore: The Subscription Portal
17.3 Customization Options

Executive Summary

Companies Mentioned

Chevron Renewable Energy Group
Chn Energy Investment Group Co., Ltd.
Dakota Gasification Company
ExxonMobil Corporation
Inner Mongolia Yitai Coal Co., Ltd.
Linde Engineering
Maire Tecnimont S.P.A.
Neste
Norsk E-Fuel
Petro Sa
Prometheus Fuels
Qatarenergy
Rwe
Saf+ Consortium
Sasol
Shell
Skynrg
Sunfire GmbH
Synhelion Sa
Synthesis Energy Systems, Inc.
Topsoe
Totalenergies
Virent, Inc.

Methodology

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Table Information

Report Attribute	Details
No. of Pages	222
Published	October 2023
Forecast Period	2023 - 2030
Estimated Market Value ( USD ) in 2023	$ 48.4 Billion
Forecasted Market Value ( USD ) by 2030	$ 70.1 Billion
Compound Annual Growth Rate	5.4%
Regions Covered	Global
No. of Companies Mentioned	23

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Synthetic Fuels Market by Fuel Type (Methanol to liquid (MTL), Power to liquid (PTL), Gas to liquid (GTL)), Application (Gasoline, Diesel, Kerosene), End Use (Transportation, Industrial, Chemical ), and Region - Global Forecast to 2030

By fuel type, gasoline to liquid segment accounted for the second-largest share in the synthetic fuels market in 2022.

By end use, the chemical & others segment accounted for the second-largest share in the synthetic fuels market in 2022.

By application, the gasoline segment accounted for the second-largest share in synthetic fuels in 2022.

The synthetic fuels market in rest of world (South America and Middle East & Africa) accounted for the second-largest share in 2022.

Profile break-up of primary participants for the report:

Research Coverage:

Reasons to Buy the Report:

The report provides insights on the following pointers:

Table of Contents

Executive Summary

Companies Mentioned

Methodology

Table Information

By fuel type, gasoline to liquid segment accounted for the second-largest share in the synthetic fuels market in 2022.

By end use, the chemical & others segment accounted for the second-largest share in the synthetic fuels market in 2022.

By application, the gasoline segment accounted for the second-largest share in synthetic fuels in 2022.

The synthetic fuels market in rest of world (South America and Middle East & Africa) accounted for the second-largest share in 2022.

Profile break-up of primary participants for the report:

Research Coverage:

Reasons to Buy the Report:

The report provides insights on the following pointers:

Table of Contents

Executive Summary

Companies Mentioned

Methodology

Table Information

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