Research and Markets: Global Syngas Market 2014-2018: Many Drivers Contributing to the Growth of the Global Syngas Market Says Study
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/bdzg54/global_syngas) has announced the addition of the "Global Syngas Market 2014-2018" report to their offering.
The analysts forecast the Global Syngas market to grow at a CAGR of 8.54 percent over the period 2013-2018. One of the key factors contributing to this market growth is the flexibility in feedstock for production. The Global Syngas market has also been witnessing increasing investments in R&D. However, the increase in vendor competition could pose a challenge to the growth of this market.
Key vendors dominating this space are BASF SE, Kellogg, Brown, and Root Inc., Methanex Corp., Royal Dutch Shell plc, and Yara International SA.
Other vendors mentioned in the report are Agrium Inc., Air Products and Chemicals Inc., Biomethanol Chemie Nederland B.V., CF Industries Holdings Inc., Chicago Bridge and Iron Co., ConocoPhillips Co., Dow Chemical Co., Foster Wheeler AG, General Electric Co., Haldor Topsoe A/S, KT - Kinetics Technology S.p.A, L'Air Liquide SA, Linc Energy Ltd., Mitsubishi Heavy Industries Ltd., OXEA GmbH, Sasol Ltd., Siemens AG, SynGas Technology LLC, Technip SA, and The Linde Group.
Commenting on the report, an analyst from the team said: The Global Syngas market is expected to witness higher consumption from the APAC region during the forecast period. Consumption in the APAC region is expected to be the highest compared to other regions such as North America. This is primarily due to increase in population leading to a greater demand for fuel and electricity. With thriving economies such as India and China posting high GDP growth rates, the demand for syngas and its chemical derivatives from industries is also expected to increase substantially during the forecast period. Moreover, several vendors are expected to set up production facilities to cater for such demands.
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