The Syngas Chemicals Global Market Briefing 2018 provides strategists, marketers and senior management with the critical information they need to assess the global syngas chemicals market.
Syngas chemicals are primarily produced from synthesis gas, a gaseous mixture of hydrogen and carbon monoxide. The prime compound obtained from catalytic reaction of syngas is methanol. Methanol is further utilized to produce other industrially important chemicals such as formaldehyde, and acetyls.
Asia-Pacific was the largest region in the syngas chemicals market in 2017, accounting for 37.2% share in the market. This was due to persistent demand from the infrastructure sector from China, India and Southeast Asian nations.
North America was the second largest region in the syngas chemicals market in 2017, accounting for 22.5% share in the market. This can be attributed to presence of numerous gasification facilities to fulfil the demand for energy.
Middle East was the smallest region in the syngas chemicals market in 2017, accounting for 4.0% share in the market.
Coal gasification as feedstock is being widely used to increase petrochemicals production in general and specifically syngas. Petrochemical companies in China developed coal-based liquid fuels as a raw material to reduce its dependency on imported oil. The Chinese government is also encouraging petrochemical companies to use coal as feedstock to reduce oil and gas imports. Chinese and Indian companies should adopt coal gasification technologies to reduce dependence on imported oil and gas.
- Markets Covered: Acetyls; Formaldehyde and Resins; MTBE; and Methanol
- Time Series: Five years historic and forecast.
- Data: Market value in $ billions
- Data Segmentations: Regional breakdowns, market share of competitors, key sub segments.
Sourcing and Referencing: Data and analysis throughout the report is
sourced using end notes
- Celanese Corporation
- China National Petroleum Corporation
- East-man Chemical Company
- LyondellBasell Industries Holdings BV
- Methanex Corporation
- Saudi Basic Industries Corporation (SABIC)
- The Linde Group
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