Global Coal to Liquid (CTL) Market 2019-2023 | Growing Trend of Technological Developments to Boost Growth | Technavio

Technavio has announced its latest market research report titled global coal to liquid (CTL) market 2019-2023. (Graphic: Business Wire)

LONDON--()--The global coal to liquid (CTL) market is expected to post a CAGR of over 3% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

The rising demand for clean fuel will be one of the major drivers in the global coal to liquid (CTL) market. Governments across the world are taking various initiatives to curb the growing CO2 emissions due to the increasing economic activities. Moreover, the decarbonization of the transportation, petrochemical, and chemical sectors will augment the adoption of CTL during the forecast period. This is because coal to liquid is a cleaner alternative, with virtually zero emissions of hazardous air pollutants, criteria pollutants, and mercury. Therefore, the rising need for clean fuel and environmental benefits of using CTL will boost the market growth during the forecast period.

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As per Technavio, the technological developments, will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global Coal to Liquid (CTL) Market: Growing Trend of Technological Developments in CTL Process

The increasing trend of technological developments will be one of the critical trends in the global coal to liquid market. The CO2 released from the CTL plants adversely impacts the environment and development of these plants involves high capital costs as well. Therefore, companies are carrying out various technological developments to make CTL plants economically feasible and environmentally friendly. The primary focus is on the development of small-scale modular CTL plants that will reduce the costs through the principle of mass production. Modular systems can take advantage of improvised reactor designs, reaction intensification, and advanced manufacturing methods for cost reduction and better performance. Such technological developments will allow plant owners to reduce the capital cost incurred for the building of CTL plants. These technological developed CTL plants are widely recognized by the end-users, which will boost market growth during the forecast period.

“Apart from the growing trend of technological developments, the increase in liquid fuel consumption and the rise in coal production are some other major factors that will boost market growth during the forecast period,” says a senior analyst at Technavio.

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Global Coal to Liquid (CTL) Market: Segmentation Analysis

This market research report segments the global coal to liquid (CTL) market by product (liquid fuels and chemicals) and geographical regions (APAC, Americas, and EMEA).

The APAC region led the market in 2018, followed by Americas and EMEA respectively. During the forecast period, the APAC region is expected to maintain its dominance over the global market. This is due to the growing demand for clean fuel and increasing coal production in the region.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

The global coal to liquid (CTL) market is expected to post a CAGR of over 3% during the period 2019-2023, according to the Technavio

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com