DUBLIN--(BUSINESS WIRE)--The "Global Syn Gas Market - Segmented by Technology, Feedstock, Gasifier Type, End-user Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global syn gas market is expected to grow at a high rate during the forecast period of 2018-2023.
Syngas is produced from natural gas, naphtha, coal, heavy oils, pet coke, biomass, and municipal waste. Increasing need for alternative fuel sources and limited availability of conventional fuel has increased the production of syngas, globally. Syngas can be produced from a variety of feedstock, which has little effect on the quality of syngas.
Power generation end-use will continue to dominate the market for syngas during the forecast period. High level of economic growth and improvement in quality of life in emerging economies, such as China, India, South Korea, Brazil, and South Africa, among others is expected to drive the power generation end-use. According to International Energy Outlook 2017, the world's net electricity generation is expected to increase to 28% by 2040, from 16.85 trillion kilowatt-hours (kWh) in 2015 to 21.57 trillion kWh in 2040.
Asia-Pacific is projected to dominate the syngas market, during the forecast period, due to growing energy consumption. Higher economic growth coupled with increase in electricity consumption in countries, such as China, India, South Korea, Indonesia, and Taiwan has increased the production of syngas.
Companies Mentioned
- Agrium Inc.
- BASF SE
- BP p.l.c.
- CF Industries Holdings Inc.
- ConocoPhillips Company
- ECUST
- EGAS
- Amec Foster Wheeler plc
- GENERAL ELECTRIC
- Haldor Topsoe A/S
- KBR Inc.
- Linc Energy Ltd
- The Linde Group
- Methanex Corporation
- MITSUBISHI HEAVY INDUSTRIES Ltd.
- NIPPON SHOKUBAI CO. Ltd.
- OXEA GmbH
- Royal Dutch Shell SAsol
- Siemens AG
- SynGas Technology LLC
- Technip
- Yara
Key Topics Covered:
1. Introduction
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation
6. Regional Market Analysis
7. Competitive Landscape
8. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/z7fgc7/global_syn_gas?w=4
