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Global Syngas Market Report and Forecast 2024-2032

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    Report

  • 171 Pages
  • June 2024
  • Region: Global
  • Expert Market Research
  • ID: 5982195

Market Outlook

According to this report, the syngas market size reached a volume of 415.03 thermal GW in 2023. Aided by the increasing demand for clean and sustainable energy solutions and the growing applications of syngas in various sectors, the market is projected to further grow at a CAGR of 7.8% between 2024 and 2032 to reach a volume of 817.43 thermal GW by 2032.

Syngas, or synthesis gas, is a fuel gas mixture primarily composed of hydrogen, carbon monoxide, and some carbon dioxide. It is produced through the gasification of carbon-containing materials such as coal, biomass, and waste, and is used as a feedstock for the production of various chemicals, fuels, and electricity. Syngas is a crucial component in the manufacturing of methanol, ammonia, and synthetic natural gas (SNG).

The increasing demand for clean and sustainable energy solutions is driving the syngas market growth. With the growing awareness of environmental issues and the need to reduce greenhouse gas emissions, there is a significant shift towards renewable and low-carbon energy sources. Syngas, produced from renewable biomass and waste, is gaining traction as a sustainable alternative to conventional fossil fuels. Additionally, the rising energy demand from various sectors, including industrial, transportation, and residential, is further propelling the demand for syngas.

The expanding applications of syngas in various sectors also play a significant role in propelling the market. In the chemical sector, syngas is used as a feedstock for the production of methanol, which is further used to manufacture formaldehyde, acetic acid, and various other chemicals. In the energy sector, syngas is used for power generation through integrated gasification combined cycle (IGCC) plants and as a fuel for gas engines and turbines. The growing demand for hydrogen, produced from syngas, in refining and chemical processes, is further boosting the market growth.

Moreover, advancements in gasification technologies are driving innovation and development in the market. The introduction of new technologies, such as plasma gasification, fluidised bed gasification, and underground coal gasification, has enhanced the efficiency and effectiveness of syngas production. These technologies enable the utilisation of various feedstocks, including low-grade coal, agricultural waste, and municipal solid waste, thereby expanding the availability of raw materials for syngas production, consequently driving up the syngas market share.

The growing focus on carbon capture and utilization (CCU) is also contributing to the market growth. The integration of CCU technologies with syngas production processes enables the capture and conversion of carbon dioxide into valuable products, such as chemicals, fuels, and building materials. This approach not only reduces greenhouse gas emissions but also enhances the economic viability of syngas production. The increasing investments in CCU projects and the growing emphasis on circular economy principles are driving the adoption of syngas technologies.

The regulatory environment plays a crucial role in shaping the market. Governments and regulatory bodies across the world are actively supporting the development and deployment of clean and sustainable energy solutions. Various regulations and policies, such as renewable energy mandates, carbon pricing, and tax incentives, are promoting the use of syngas and other low-carbon technologies. These regulatory efforts are providing a favourable environment for the growth of the market.

As per the syngas market analysis, methanol, produced from syngas, is a key raw material for various chemical processes. The growing demand for methanol in the production of formaldehyde, acetic acid, and other chemicals is driving the market. Additionally, methanol is gaining traction as a clean-burning fuel and a hydrogen carrier, further boosting its demand.

Market Segmentation

The market can be divided based on gasifier type, feedstock, technology, application, and region.

Market Breakup by Gasifier Type

  • Moving Bed Gasifier
  • Fluidised Bed Gasifier
  • Entrained Flow Gasifier
  • Others

Market Breakup by Feedstock

  • Coal
  • Natural Gas
  • Biomass and Waste
  • Others

Market Breakup by Technology

  • Steam Reforming
  • Partial Oxidation
  • Autothermal Reforming
  • Combined or Two-step Reforming
  • Biomass Gasification

Market Breakup by Application

  • Chemicals
  • Power Generation
  • Liquid Fuels
  • Gaseous Fuels
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global syngas market. some of the major players explored in the report are as follows:
  • Linde plc
  • Shell Plc
  • L’AIR LIQUIDE S.A.
  • Casale SA
  • Synthesis Energy Systems, Inc.
  • Sasol Limited
  • Maire Tecnimont SpA
  • Johnson Matthey Plc
  • Grannus, LLC
  • Air Products and Chemicals, Inc.
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Syngas Market Analysis
8.1 Key Industry Highlights
8.2 Global Syngas Historical Market (2018-2023)
8.3 Global Syngas Market Forecast (2024-2032)
8.4 Global Syngas Market by Gasifier Type
8.4.1 Moving Bed Gasifier
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Fluidised Bed Gasifier
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Entrained Flow Gasifier
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Syngas Market by Feedstock
8.5.1 Coal
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Natural Gas
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Biomass and Waste
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Syngas Market by Technology
8.6.1 Steam Reforming
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Partial Oxidation
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Autothermal Reforming
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Combined or Two-step Reforming
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Biomass Gasification
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.7 Global Syngas Market by Application
8.7.1 Chemicals
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Power Generation
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Liquid Fuels
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Gaseous Fuels
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Others
8.8 Global Syngas Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Syngas Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Syngas Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Syngas Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Syngas Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Syngas Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Linde plc
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Shell Plc
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 L’AIR LIQUIDE S.A.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Casale SA
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Synthesis Energy Systems, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Sasol Limited
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Maire Tecnimont SpA
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Johnson Matthey Plc
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Grannus, LLC
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Air Products and Chemicals, Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Syngas Market: Key Industry Highlights, 2018 and 2032
2. Global Syngas Historical Market: Breakup by Gasifier Type (Thermal GW), 2018-2023
3. Global Syngas Market Forecast: Breakup by Gasifier Type (Thermal GW), 2024-2032
4. Global Syngas Historical Market: Breakup by Feedstock (Thermal GW), 2018-2023
5. Global Syngas Market Forecast: Breakup by Feedstock (Thermal GW), 2024-2032
6. Global Syngas Historical Market: Breakup by Technology (Thermal GW), 2018-2023
7. Global Syngas Market Forecast: Breakup by Technology (Thermal GW), 2024-2032
8. Global Syngas Historical Market: Breakup by Application (Thermal GW), 2018-2023
9. Global Syngas Market Forecast: Breakup by Application (Thermal GW), 2024-2032
10. Global Syngas Historical Market: Breakup by Region (Thermal GW), 2018-2023
11. Global Syngas Market Forecast: Breakup by Region (Thermal GW), 2024-2032
12. North America Syngas Historical Market: Breakup by Country (Thermal GW), 2018-2023
13. North America Syngas Market Forecast: Breakup by Country (Thermal GW), 2024-2032
14. Europe Syngas Historical Market: Breakup by Country (Thermal GW), 2018-2023
15. Europe Syngas Market Forecast: Breakup by Country (Thermal GW), 2024-2032
16. Asia Pacific Syngas Historical Market: Breakup by Country (Thermal GW), 2018-2023
17. Asia Pacific Syngas Market Forecast: Breakup by Country (Thermal GW), 2024-2032
18. Latin America Syngas Historical Market: Breakup by Country (Thermal GW), 2018-2023
19. Latin America Syngas Market Forecast: Breakup by Country (Thermal GW), 2024-2032
20. Middle East and Africa Syngas Historical Market: Breakup by Country (Thermal GW), 2018-2023
21. Middle East and Africa Syngas Market Forecast: Breakup by Country (Thermal GW), 2024-2032
22. Global Syngas Market Structure

Companies Mentioned

  • Linde plc
  • Shell Plc
  • L’AIR LIQUIDE S.A.
  • Casale SA
  • Synthesis Energy Systems, Inc.
  • Sasol Limited
  • Maire Tecnimont SpA
  • Johnson Matthey Plc
  • Grannus, LLC
  • Air Products and Chemicals, Inc.

Methodology

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Table Information