Syngas Chemicals Market Estimated to Experience a Hike in Growth by 2027

The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Syngas Chemicals market share. Major industry players with significant revenue share include BASF SE, Air Products & Chemicals Inc., Air Liquide, John Wood Group PLC, General Electric, KBR Inc., Royal Dutch Shell, Siemens AG, Sasol, SynGas Technology LLC, and others.

The global Syngas Chemicals market is expected to exceed more than US$ 45 Billion by 2024 at a CAGR of 10% in the given forecast period.

Syngas is employed to make synthetic natural gas (SNG). It’s seen as a viable different for usage as fuel within the variety of LNG or CNG and it is employed in road, rail, marine, and alternative transport. Syngas is used to fuel gas engines for numerous functions, like power supply, wherever it is used for benefits like low energy prices, stability, and certainty. Syngas is used effectively for both heat and electrical supply, because it will give high electrical potency compared to alternative power generation technologies, like steam turbines. It needs less pressure and its disposal is less complicated once it cannot be used for power or heat generation.

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Syngas is one of the wide used fuel gas mixtures that primarily consists of carbon monoxide and hydrogen. It’s usually used as fuel in engines and its energy density is about half of fossil fuel.

The major driving factors of this market include the growing want for chemicals, fuels, and electricity, which may be generated at the same time to satisfy the wants of the increasing population. the other growth driver is that the feedstock flexibility of syngas production method, which implies that it are often created either from coal, gas, petroleum-based product, or biomass/waste, looking on the supply.

Market Insights

The global Syngas Chemicals market is segregated on the basis of Type as Methanol, Acetyls, Formaldehyde & Resins, and Methyl Tertiary-Butyl Ether (MTBE). Based on Feedstock the global Syngas Chemicals market is segmented in Coal, Natural Gas, Petroleum, Pet-coke, and Biomass. Based on End-User Industry the global Syngas Chemicals market is segmented in Power Generation, Manufacture, Chemicals, Liquid Fuels, and Gaseous Fuels.

Based on Technology, the global Syngas Chemicals market is segmented in Steam Reforming, Partial Oxidation, Auto-thermal Reforming, Combined or Two-step Reforming, and biomass Gasification. The report also bifurcates the global Syngas Chemicals market based on Gasifier Type in Fixed Bed, Entrained Flow, and fluidized Bed.

The global Syngas Chemicals market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Syngas Chemicals market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Rivalry

BASF SE, Air Products & Chemicals Inc., Air Liquide, John Wood Group PLC, General Electric, KBR Inc., Royal Dutch Shell, Siemens AG, Sasol, SynGas Technology LLC, and others are among the major players in the global Syngas Chemicals market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.

The Syngas Chemicals Market has been segmented as below:

The Syngas Chemicals Market is segmented on the lines of Syngas Chemicals Market, By Type, Syngas Chemicals Market, By Feedstock, Syngas Chemicals Market, By End-User Industry, Syngas Chemicals Market, By Technology, Syngas Chemicals Market, By Gasifier Type, Syngas Chemicals Market, By Region and Syngas Chemicals Market, By Company.

Syngas Chemicals Market, By Type this market is segmented on the basis of Methanol, Acetyls, Formaldehyde & Resins and Methyl Tertiary-Butyl Ether (MTBE). Syngas Chemicals Market, By Feedstock this market is segmented on the basis of Coal, Natural Gas, Petroleum, Pet-coke and Biomass. Syngas Chemicals Market, By End-User Industry this market is segmented on the basis of Power Generation, Manufacture, Chemicals, Liquid Fuels and Gaseous Fuels. Syngas Chemicals Market, By Technology this market is segmented on the basis of Steam Reforming, Partial Oxidation, Auto-thermal Reforming, Combined or Two-step Reforming and biomass Gasification. Syngas Chemicals Market, By Gasifier Type this market is segmented on the basis of Fixed Bed, Entrained Flow and fluidized Bed. Syngas Chemicals Market, By Region this market is segmented on the basis of North America, Europe, Asia-Pacific and Rest of the World. Syngas Chemicals Market, By Company this market is segmented on the basis of BASF SE, Air Products & Chemicals Inc., Air Liquide, John Wood Group PLC, General Electric, KBR Inc., Royal Dutch Shell, Siemens AG, Sasol and SynGas Technology LLC.

The report covers:

  • Global Syngas Chemicals market sizes from 2015 to 2024, along with CAGR for 2018-2024
  • Market size comparison for 2017 vs 2024, with actual data for 2017, estimates for 2018 and forecast from 2019 to 2024
  • Global Syngas Chemicals market trends, covering comprehensive range of consumer trends & manufacturer trends
  • Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Syngas Chemicals market
  • Major market opportunities and challenges in forecast timeframe to be focused
  • Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
  • Comprehensive company profiles of the key industry players

Report Scope:

The global Syngas Chemicals market report scope includes detailed study covering underlying factors influencing the industry trends.

The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.

Reasons to Buy this Report:

  • Gain detailed insights on the Syngas Chemicals industry trends
  • Find complete analysis on the market status
  • Identify the Syngas Chemicals market opportunities and growth segments
  • Analyze competitive dynamics by evaluating business segments & product portfolios
  • Facilitate strategy planning and industry dynamics to enhance decision making

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Table of Contents:

  1. Introduction
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
     4.1 Introduction
    4.2.1 Drivers
    4.2.2 Restraints
    4.2.3 Opportunities
    4.2.4 Challenges
    4.2 Porter’s Five Force Analysis
  5. Syngas Chemicals Market, By Type
  6. Syngas Chemicals Market, By Feedstock
  7. Syngas Chemicals Market, By End-User Industry
  8. Syngas Chemicals Market, By Technology
  9. Syngas Chemicals Market, By Gasifier Type
  10. Syngas Chemicals Market, By Geography
  11. Competitive Insights
  12. Company Profiles
     12.1 BASF SE
    12.1.1 Company Overview
    12.1.2 Product/Service Landscape
    12.1.3 Financial Overview
    12.1.4 Recent Developments
    12.2 Air Products & Chemicals Inc.
    12.2.1 Company Overview
    12.2.2 Product/Service Landscape
    12.2.3 Financial Overview
    12.2.4 Recent Developments
    12.3 Air Liquide
    12.3.1 Company Overview
    12.3.2 Product/Service Landscape
    12.3.3 Financial Overview
    12.3.4 Recent Developments
    12.4 John Wood Group PLC
    12.4.1 Company Overview
    12.4.2 Product/Service Landscape
    12.4.3 Financial Overview
    12.4.4 Recent Developments
    12.5 General Electric
    12.5.1 Company Overview
    12.5.2 Product/Service Landscape
    12.5.3 Financial Overview
    12.5.4 Recent Developments
    12.6 KBR Inc.
    12.6.1 Company Overview
    12.6.2 Product/Service Landscape
    12.6.3 Financial Overview
    12.6.4 Recent Developments
    12.7 Royal Dutch Shell
    12.7.1 Company Overview
    12.7.2 Product/Service Landscape
    12.7.3 Financial Overview
    12.7.4 Recent Developments
    12.8 Siemens AG
    12.8.1 Company Overview
    12.8.2 Product/Service Landscape
    12.8.3 Financial Overview
    12.8.4 Recent Developments
    12.9 Sasol
    12.9.1 Company Overview
    12.9.2 Product/Service Landscape
    12.9.3 Financial Overview
    12.9.4 Recent Developments
    12.10 SynGas Technology LLC
    12.10.1 Company Overview
    12.10.2 Product/Service Landscape
    12.10.3 Financial Overview
    12.10.4 Recent Developments

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