Syngas Market Potential Growth, Size & Share, Demand and Analysis of Key Players- Forecasts To 2023

Syngas is an abbreviation of synthesis gas. It is a mixture of carbon dioxide, carbon monoxide, and hydrogen along with other components such as methane and nitrogen. A new report on the Global Syngas Market, published by Market Research Future (MRFR), anticipates that this market can hit the sky at 9.65% CAGR during the forecast period (2016-2023).

The most prominent market driver for the Global Syngas Market is the use of syngas for producing a wide range of fertilizers, fuels, solvent, and many synthetic materials. It is used for the chemical synthesis of many chemicals. The flexible nature of the compound and easy availability of raw materials for Syngas production can also push up the market growth. Being combustible, Syngas is often used as a fuel in internal combustion engines. Other factors driving the market growth include worldwide growth of the chemical industries, rising concerns regarding urban waste, need for energy management, demand for the reuse of waste materials, and environment-friendly nature of syngas. However, the capital-intensive nature of Syngas and the requirement for high funding to produce Syngas can create hurdles in the market growth.

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Key Players:

Big Players in the Global Syngas Market are Air Liquide (France), Air Products and Chemicals Inc. (USA), BASF SE (Germany), HELM AG (Germany), The Linde Group (Germany), Methanex (Canada), Sasol (South Africa), Shell (Netherlands), Synthesis Energy Systems Inc. (USA), Yara International (Norway), and Yankuang Group (China).

Latest Industry News:

American company Air Products has announced a new joint venture with Debang Xinghua Technology Co. Ltd., a subsidiary of Jiangsu Debang Chemical Industrial Group Co., Ltd. (“Debang Group”). According to this joint venture, the two business partners are to build, own and operate a coal-to-syngas processing facility in Xuwei National Petrochemical Park in the Lianyungang City that is in the Jiangsu Province of China. 9 SEP 2019

Market Segmentation:

The Global Syngas Market segmentation encompasses Application, Feedstock, Gasifier, and Process. MRFR’s analysis of the market marks various facets of the market in-depth.

The Application-Based Segmentation of this market covers the chemical synthesis, fertilizers, fuels, industrial gases, power generation, and others. The chemical synthesis segment has been sub-segmented into ammonia, dimethyl carbonate, dimethyl ether, ethanol, methanol, n-butanol, oxo chemicals, sulfates, and others. The chemical synthesis segment dominates the market due to the growth of the chemical industries around the world.

Regarding Feedstock, the market has been segmented into biomass, coal, municipal solid waste, petroleum coke, plastic waste, water treatment plant sludge, and others. Among these segments, coal holds the maximum market share as it is abundantly available. Coal can be converted into electricity, hydrogen, and other valuable products. The gasification of coal has low Sulphur emission level and low nitrogen oxides emission levels. Hence in gas form, coal is environment friendly.

Based on Gasifier, the market has been segmented into entrained bed, fixed bed, fluidized bed, and others. Fluidized bed gasifiers hold the largest market share as they have better temperature control, excellent heat transfer characteristics, a good degree of turbulence, high volumetric capacity, large heat storage capacity, and strong gas-to-solids contact. However, operating at pressures slightly above atmospheric levels, fluidized bed gasifiers respond slowly to load changes and expensive control systems.

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Regarding the Process, the market has been segmented into auto thermal reforming, gasification, partial oxidation, pyrolysis, steam reforming, and others. The gasification process has the largest market share as it is widely used for producing Syngas due to certain advantages as compared to the conventional process. The advantages of gasification process include the requirement of a low amount of oxygen.

Regional Segmentation:

A Geographical Outlining of the Global Syngas Market covers the Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa (MEA).

The Asia Pacific region dominates the global market due to the availability of raw materials and high demand for power generation in this region. High demand for fertilizers in the major agriculture-based economies like India, Malaysia, Taiwan, and Vietnam is also fueling the demand for Syngas. In this report, Australia and New Zealand have been organized as one segment. Other country-specific markets of note in this region are China and Japan.

During the forecast period, the market in Europe and North America is expected to grow significantly due to the high demand for Syngas as an intermediate to produce chemicals. Such chemicals are used in many end-use industries such as aerospace, automotive, construction, electronics, and military & defense. In North America, the USA and Canada generate maximum market revenue. The major market share in this region is held by France, Germany, Italy, Poland, Russia, Spain, and the UK. Research on the remaining countries in Europe featured in this report estimate the strong contribution to market revenue from some other countries of this region.

In the MEA region, the market is meager due to lack of technical knowledge, lack of skilled professionals, and low development. Priority country-specific markets in this region are Bahrain, Israel, Kuwait, North Africa, Oman, Saudi Arabia, Qatar, Turkey, and the UAE. An assessment of the remaining countries in the MEA region featured in this report anticipates a decent contribution to market revenue from some other countries.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Syngas Market Research, Growth Opportunities, Analysis and Forecasts to 2023

Regional Forecast:

The Global Syngas Market has been segmented into Five Regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Asia-Pacific accounted for the majority of the market share in 2017 due to the high demand for Syngas in power generation and fertilizers. The rising demand for fertilizers such as ammonium nitrate on account of the rapid industrialization and urbanization in emerging economies such as India, Thailand, Vietnam, and Malaysia. Moreover, this industrialization and urbanization increases the demand for electricity in the region, which further fuels the demand for Syngas. Its use for methanol production, which is used for production of plastics, resins, pharmaceuticals, adhesives, and paints is another factor driving the regional market.

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The European and North American market is expected to showcase significant growth due to the extensive of Syngas in chemical production, which are further used in end-use industries such as automotive, construction, electronics, aerospace, and military & defense. The high production and sales of automotive parts in Europe and the high demand for wireless electronics as well as the presence of most powerful military powers in the North America is expected to propel the demand for Syngas in these regions.

The Latin American Market is expected to witness substantial growth due to the growth of the agrochemical and chemical industries in countries such as Brazil, Mexico, and Argentina.

The presence of abundant oil & gas reservoirs in the Middle East & African region and the use of syngas in refineries to extract more diesel and gasoline from crude oil is projected to drive the market in this region.

Key Players:

Some of the manufacturers operating in the Global Syngas Market are Air Products and Chemicals, Inc (US), Air Liquide (France), The Linde Group (Germany), Sasol (South Africa), Shell (Netherlands), Synthesis Energy Systems, Inc. (US), Yankuang Group (China). This report also includes customer profile for syngas such as Methanex (Canada), Yara International (Norway), BASF SE (Germany), and HELM AG (Germany).

Segmentation:

The Global Syngas Market has been segmented on the basis of Feedstock, Process, Gasifier, Application, and Region.

Based on Feedstock, the market has been segmented into plastic waste, biomass, petroleum coke, coal, municipal solid waste, water treatment plant sludge, and others.

On the basis of Process, the market is categorized into pyrolysis, gasification, steam reforming, partial oxidation, autothermal reforming, and others.

The Gasifier used in production of Syngas include fixed bed, entrained bed, fluidized bed, and others.

By Application, the market has been segmented into industrial gases, chemical synthesis, fuels, power generation, fertilizers, and others. The chemical synthesis segment is further categorized into ethanol, methanol, ammonia, oxo chemicals, n-butanol, dimethyl ether, dimethyl carbonate, sulfates, and others.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact: Market Research Future
+1 646 845 9312
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Syngas Market 2019 | Industry Sales, Supply and Consumption Analysis and Forecasts to 2023

Overview:

Synthesis gas, commonly known as syngas is a blend of carbon monoxide, carbon dioxide, methane, nitrogen, and hydrogen. The Global Syngas Market can ride on its popularity among several sectors and can aim for an imposing CAGR during the forecast period (2016-2023). It is mostly used in the production of fertilizers, fuels, solvent, and synthetic materials. At the same time, its application in the production of chemicals such as acetic acid, ammonia, urea, oxo-chemicals, methanol, and dimethyl carbonate is quite pivotal.

Major factors to impact the Syngas Market in the coming years are the burgeoning chemical industry which is creating a need for Syngas for chemical synthesis. Its widespread use in the production of synthetic petroleum and in internal combustion engines as fuel can ensure growth for the market. It is produced from waste materials which help in reducing carbon footprint. The surging demand for a waste solution can improve chances for the Syngas Market to expand its operational facilities.

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Segmental Analysis:

Detailed segmentation in the report of MRFR on the Global Syngas Market focuses primarily on feedstock, process, gasifier, and application. The report further includes value-wise and volume-wise analysis of the data to get a closer look at the development of the market with an intent to unravel the dynamics that would decide the market growth chart in the coming years.

Going by the Feedstock, the Syngas Market includes biomass, plastic waste, water treatment plant sludge, coal, municipal solid waste, petroleum coke, and others. The easiest and cleanest method to achieve is by employing coal which makes the segment the highest-grossing one.

By Process, the Syngas Market included gasification, autothermal reforming, pyrolysis, partial oxidation, steam reforming, and others. It is the gasification process that is growing more by capitalizing on advantages it has over other procedures. The gasifier segment includes a fixed bed, entrained bed, fluidized bed, and others.

Based on the Application, the Syngas Market can be segmented into chemical synthesis, industrial gases, fertilizers, fuels, power generation, and others. The chemical synthesis includes ethanol, methanol, oxo chemicals, ammonia, dimethyl ether, n-butanol, sulfates, dimethyl carbonate, and others to produce chemicals.

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Competitive Insights:

Several companies in the Syngas Market are trying to make a substantial impact to have better sway. Among them, Air Liquide (France), Methanex (Canada), Air Products and Chemicals, Inc (US), Sasol (South Africa), Shell (Netherlands), Synthesis Energy Systems, Inc. (US), The Linde Group (Germany), Yankuang Group (China) BASF SE (Germany), Yara International (Norway), and HELM AG (Germany) are of importance as per the report of MRFR.

In 2019, ThyssenKrupp received an order from the Egyptian chemical and fertilizer manufacturer NCIC to set up a fertilizer complex in association with PETROJET, an Egyptian company. It aims to start production in 2022 with 380,000 tons of urea, 440,000 tons of ammonia, and 300,000 tons of calcium ammonium nitrate per year.

Regional Analysis:

Region-specific understanding of the market as led by MRFR in their report on the Global Syngas Market includes five regions, namely, Asia Pacific (APAC), North America, Europe, Latin America, and the Middle East & Africa (MEA). Geographical analysis of the market ensures a detailed study of growth pockets.

The APAC market has the edge over the rest as huge amount of power generation is taking place in the region, and it is getting substantial support from the availability of raw materials. Fertilizers are also in high demand owing to the presence of several agrarian countries such as India, Malaysia, Taiwan, and Vietnam. Production of fertilizers is getting upliftment in the region to support the growing demand for food among the huge populace.

In Europe and North America, a robust industrial sector with leading technologies is generating demand for Syngas. It is getting traction from chemicals, automotive, electronics, aerospace, construction, and military & defense. This wide percolation of the component is expected to help the Syngas Market grow further in the region.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact: Market Research Future
+1 646 845 9312
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Syngas Market 2019 Manufacturers, Countries, Type and Application, Forecast to 2023

Market Overview:

The Global Syngas Market is expected to witness a significant growth during the forecast period owing to its extensive use as an intermediate for production of fertilizers, fuels, solvent, and synthetic materials. The various chemicals produced using syngas include acetic acid, ammonia, urea, oxo-chemicals, methanol, and dimethyl carbonate. The growth of the chemicals industries across the globe on the backdrop of growth of complimenting industries such as construction, automotive, aerospace, and agriculture, is a primary factor influencing the demand for syngas.

Competitive Analysis:

Some of the prominent players operating in the Global Syngas Market are Air Products and Chemicals, Inc (US), Air Liquide (France), The Linde Group (Germany), Sasol (South Africa), Shell (Netherlands), Synthesis Energy Systems, Inc. (US), Yankuang Group (China). This report also includes customer profile for syngas such as Methanex (Canada), Yara International (Norway), BASF SE (Germany), and HELM AG (Germany).

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Regional Analysis:

Regionally, the global market has been segmented into five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Asia-Pacific accounted for the largest market share in 2017 owing to the high demand for power generation in the region as well as the availability of raw materials. Moreover, the high demand for fertilizers in the major agricultural countries such as Taiwan, India, Malaysia, and Vietnam are fueling the demand for syngas. The growing chemical sector in Asia-Pacific also drives the demand for syngas during the forecast period.

The market in Europe and North America is expected to witness significant growth during the forecast period, on account of the high demand for Syngas as and intermediate for production of chemicals.

Market Segmentation:

The Global Syngas Market has been segmented by Feedstock, Process, Gasifier, Application and Region.

By Feedstock, the market is segmented into plastic waste, biomass, petroleum coke, coal, municipal solid waste, water treatment plant sludge, and others. Among these, coal is the leading segment as it is abundantly available and provides cleanest method to convert coal into hydrogen, electricity, and other valuable products. Furthermore, the gasification of coal has low sulphur and nitrogen oxides emission levels, which makes it environment-friendly.

Based on the Process, the market has been segmented into pyrolysis, gasification, steam reforming, partial oxidation, autothermal reforming, and others. The gasification process is widely used for producing syngas owing to certain advantages as compared to conventional process. The advantages include requirement of low amount of oxygen, which limits the formation of dioxins and of large quantities of sulphur and nitrogen oxides. This process requires low volume of process gas, which results in need of smaller and less expensive gas cleaning equipment.

On the Basis of Gasifier, the market is segmented into fixed bed, entrained bed, fluidized bed, and others. Fluidized bed gasifiers accounted for the largest market share in 2017 as they have strong gas-to-solids contact, excellent heat transfer characteristics, better temperature control, large heat storage capacity, a good degree of turbulence, and high volumetric capacity. However, they operate at pressures slightly above atmospheric levels, respond slowly to load changes, and expensive control systems, which makes it difficult for these beds to be used at small-scale levels.

Based on Application, the market has been segmented into industrial gases, chemical synthesis, fuels, power generation, fertilizers, and others. The chemical synthesis dominated the global market in 2018 due to the high demand for syngas in production of various other chemicals. The growth of the chemical industries across the globe is a major driver of the Global Syngas Market. The chemical synthesis segment is further segmented into ethanol, methanol, ammonia, oxo chemicals, n-butanol, dimethyl ether, dimethyl carbonate, sulfates, and others.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact: Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com