Syngas & Derivatives Market Analysis by Growth, Overview, Trends, Share, Demand & Size
The global?Syngas & Derivatives Market ?stood at USD248.89 billion in 2021 and is expected to grow at a CAGR of 6.27% during the forecast period due to the increasing use of syngas in the chemical industry and syngas’ use as a clean alternative to fossil fuel. Synthesis gas is a catch-all name for unprocessed gas made from hydrocarbon feedstocks, with primary constituents being hydrogen and carbon monoxide and secondary constituents being CO2, methane, etc. Syngas is a necessary step in the production of gasoline, chemicals, and fertilizers. Examples of important derivatives include methanol, ammonia, high-speed diesel, polymers, etc. It is an intermediate product that can be further processed in several ways to yield various energy outputs, including electricity and high-quality gaseous or liquid fuels that can be used as transportation fuels.
Government Inclination Towards Syngas
The governments of different nations are adopting several actions to reduce greenhouse gases, which are the primary culprits behind global warming. The Indian government recently gave instructions to Coal India Ltd (CIL) and Singareni Collieries Company Ltd (SCCL) to add a new subsector regarding the auction of coal linkages to the Non-Regulated Sector and to establish a separate auction window for the allocation of coal linkages to coal gasification projects (NRS). The Coal Block Allocation Rules, 2017 of India have already designated the production of Syngas as one of the end-use sectors.
Mergers and Acquisitions in Asia Pacific Region?
To enhance their market share, companies in the global syngas and derivatives industry are investing in inorganic growth techniques. For instance, in order to build, own, and operate a successful coal-to-syngas processing facility in Jiangsu Province, China, Air Products and Debang Xinghua Technology Co. Ltd. established a joint venture (JV) in 2019. Air Products owns 80% of the JV, which has its headquarters in Lianyungang City's Xuwei National Petrochemical Park, and the Debang Group owns 20%. Leigh Creek Energy, another firm, secured USD18 million in funding in 2021 for a project in South Australia to generate syngas and electricity. Similarly, in 2019 Geismar, Louisiana, US-based Praxair, a wholly owned subsidiary of Linde PLC, opened a syngas plant.
Research on Syngas Fermentation using Bibliometrics
Carbon cycling and valorization can be replaced by syngas fermentation, which uses microorganisms to convert H2, CO, and CO2 into acids and alcohols. An evaluation of the intellectual landscape of the subject is done using a bibliometric study and a search query (SQ) that covers all essential papers on syngas fermentation. The SQ is validated using a preliminary bibliometric analysis and a review of the titles and abstracts of all sources. Research on syngas fermentation is currently receiving a lot of attention since it intends to boost microorganism productivity by changing their metabolism and enhancing the bioreactor's working environment.
European and American Gasification Trends
According to the terms of a contract signed on July 23, 2020, NextChem and US carbon recycling company LanzaTech have been granted licenses to use the "Waste to Ethanol" syngas fermentation process line. In a similar vein, a waste gasification facility with a 1.5 MW pressurized fluidized bed started producing clean syngas in Birmingham, United Kingdom, in 2020. These syngas can be used to produce power, heat, hydrogen, and liquid biofuels. In order to demonstrate integrated gasification and pyrolysis at a CHP plant, BioShare, a Swedish firm, recently obtained funding (USD 1.72 million, 2020–2024).
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Market Segmentation
The Global Syngas & Derivatives Market is segmented?based on?Production Technology, Gasifier Type, Feedstock, Application, Chemical Derivatives, Consumption, Region and Company.?Based on?Production Technology, the market can be split into?Steam Reforming, Partial Oxidation, Autothermal Reforming, Biomass Gasification, Others. Based on?Gasifier Type, the market can be divided into?Fixed (Moving) Bed Gasifier, Entrained Flow Gasifier, Fluidized Bed Gasifier, Others. Based on Application, the market can be segmented into?Chemicals & Fertilizer, Fuel, Electricity. Based on?Chemical Derivatives, the market can be divided into Ammonia, Methanol, Others. Based on?Consumption, the market can be divided into Captive and Merchant.
Company Profiles
Linde PLC,?Air Liquide S.A.,?Air Products and Chemicals, Inc.?Yingde Gases Group Company,?Sasol Limited,?Saudi Aramco Oil Company,?TechnipFMC PLC,?Messe Group GmbH,?Haldor Topsoe A/S?are among the major market players operating in the Global Syngas & Derivatives Market.
Attribute
Details
Market size value in 2021
USD248.89 Billion
Revenue Forecast in 2027
USD345.32 Billion
United States Market Size Value in 2021
USD 24.05 Billion
Growth Rate
6.27%
Base Year
2021
Historical Years
2017?– 2020
Estimated Year
2022
Forecast Period
2023 – 2027
Quantitative Units
Revenue in USD Billion, Volume and CAGR for 2017-2021 and 2022E-2027F
Report Coverage
Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments Covered
·?????????Production Technology
·?????????Gasifier Type
·?????????Feedstock
Regional Scope
North America; Europe; Asia Pacific; South America; Middle East & Africa
Country Scope
United States; Canada; Mexico; Russia; France; United Kingdom; Germany; Italy; China; India; Japan; South Korea; Australia; Brazil; Argentina; South Africa; Saudi Arabia; UAE
Key Companies Profiled
Linde PLC,?Air Liquide S.A.,?Air Products and Chemicals, Inc,?Yingde Gases Group Company,?Sasol Limited,?Saudi Aramco Oil Company, TechnipFMC PLC, Messe Group GmbH, Haldor Topsoe A/s, Nippon Sanso Holdings Corporation
Customization Scope
10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options
Avail customized purchase options to meet your exact research needs.?Explore purchase options
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)
?
Report Scope:
In this report, Global Syngas & Derivatives Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
o???Captive
o???Merchant
Competitive Landscape
Company Profiles:?Detailed analysis of the major companies present in Global Syngas & Derivatives Market.
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Table of Content
??1. Product Overview?
6.1.??List of Major Existing & Upcoming Syngas (HyCo) Projects
6.1.1.????????????????By Ownership
6.1.2.????????????????By Capacity (Nm3/h)
7.1.??Market Size & Forecast
7.1.1.????????????????By Value & Volume
7.2.??Market Share & Forecast
7.2.1.????????????????By Production Technology?(Partial Oxidation, Steam Reforming, Autothermal Reforming, Biomass Gasification, Others)
7.2.2.????????????????By Gasifier Type?(Entrained Flow Gasifier, Fixed (Moving) Bed Gasifier, Fluidized Bed Gasifier, Others)
7.2.3.????????????????By Feedstock (Natural Gas, Coal, Petroleum By Products, Biomass/Waste)
7.2.4.????????????????By Application (Chemicals & Fertilizer, Fuel, and Electricity)
7.2.4.1.????By Chemical Derivatives (Ammonia, Methanol, Others)
7.2.5.????????????????By Consumption (Captive, Merchant)
7.2.6.????????????????By Region
7.2.7.????????????????By Company (2021)
8.1.??Market Size & Forecast
8.1.1.????????????????By Value & Volume
8.2.??Market Share & Forecast
8.2.1.????????????????By Production Technology
8.2.2.????????????????By Gasifier Type
8.2.3.????????????????By Feedstock
8.2.4.????????????????By Application
8.2.4.1.????By Chemical Derivatives
8.2.5.????????????????By Consumption
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8.2.6.????????????????By Country
8.3.??Asia-Pacific: Country Analysis
8.3.1.????????????????China Syngas & Derivatives Market Outlook
8.3.1.1.????Market Size & Forecast
8.3.1.1.1.???????????????????By Value & Volume
8.3.1.2.????Market Share & Forecast
8.3.1.2.1.???????????????????By Production Technology
8.3.1.2.2.???????????????????By Application
8.3.2.????????????????India Syngas & Derivatives Market Outlook
8.3.2.1.????Market Size & Forecast
8.3.2.1.1.???????????????????By Value & Volume
8.3.2.2.????Market Share & Forecast
8.3.2.2.1.???????????????????By Production Technology
8.3.2.2.2.???????????????????By Application
8.3.3.????????????????Australia Syngas & Derivatives Market Outlook
8.3.3.1.????Market Size & Forecast
8.3.3.1.1.??????????????????????By Value & Volume
8.3.3.2.????Market Share & Forecast
8.3.3.2.1.??????????????????????By Production Technology
8.3.3.2.2.??????????????????????By Application
8.3.4.????????????????South Korea Syngas & Derivatives Market Outlook
8.3.4.1.????Market Size & Forecast
8.3.4.1.1.??????????????????????By Value & Volume
8.3.4.2.????Market Share & Forecast
8.3.4.2.1.??????????????????????By Production Technology
8.3.4.2.2.??????????????????????By Application
8.3.5.????????????????Japan Syngas & Derivatives Market Outlook
8.3.5.1.????Market Size & Forecast
8.3.5.1.1.??????????????????????By Value & Volume
8.3.5.2.????Market Share & Forecast
8.3.5.2.1.??????????????????????By Production Technology
8.3.5.2.2.??????????????????????By Application
9.1.??Market Size & Forecast
9.1.1.????????????????By Value & Volume
9.2.??Market Share & Forecast
9.2.1.????????????????By Production Technology
9.2.2.????????????????By Gasifier Type
9.2.3.????????????????By Feedstock
9.2.4.????????????????By Application
9.2.4.1.????By Chemical Derivatives
9.2.5.????????????????By Consumption
9.2.6.????????????????By Country
9.3.??Middle East & Africa: Country Analysis
9.3.1.????????????????Saudi Arabia Syngas & Derivatives Market Outlook
9.3.1.1.????Market Size & Forecast
9.3.1.1.1.???????????????????By Value & Volume
9.3.1.2.????Market Share & Forecast
9.3.1.2.1.???????????????????By Production Technology
9.3.1.2.2.???????????????????By Application
9.3.2.????????????????South Africa Syngas & Derivatives Market Outlook
9.3.2.1.????Market Size & Forecast
9.3.2.1.1.???????????????????By Value & Volume
9.3.2.2.????Market Share & Forecast
9.3.2.2.1.???????????????????By Production Technology
9.3.2.2.2.???????????????????By Application
9.3.3.????????????????UAE Syngas & Derivatives Market Outlook
9.3.3.1.????Market Size & Forecast
9.3.3.1.1.???????????????????By Value & Volume
9.3.3.2.????Market Share & Forecast
9.3.3.2.1.???????????????????By Production Technology
9.3.3.2.2.???????????????????By Application
10.1.??????Market Size & Forecast
10.1.1.?????????????By Value & Volume
10.2.??????Market Share & Forecast
10.2.1.?????????????By Production Technology
10.2.2.?????????????By Gasifier Type
10.2.3.?????????????By Feedstock
10.2.4.?????????????By Application
10.2.4.1.?By Chemical Derivatives
10.2.5.?????????????By Consumption
10.2.6.?????????????By Country
10.3.??????Europe: Country Analysis
10.3.1.?????????????Russia Syngas & Derivatives Market Outlook
10.3.1.1.?Market Size & Forecast
10.3.1.1.1.?????????????????By Value & Volume
10.3.1.2.?Market Share & Forecast
10.3.1.2.1.?????????????????By Production Technology
10.3.1.2.2.?????????????????By Application
10.3.2.?????????????Germany Syngas & Derivatives Market Outlook
10.3.2.1.?Market Size & Forecast
10.3.2.1.1.?????????????????By Value & Volume
10.3.2.2.?Market Share & Forecast
10.3.2.2.1.?????????????????By Production Technology
10.3.2.2.2.?????????????????By Application
10.3.3.?????????????United Kingdom Syngas & Derivatives Market Outlook
10.3.3.1.?Market Size & Forecast
10.3.3.1.1.?????????????????By Value & Volume
10.3.3.2.?Market Share & Forecast
10.3.3.2.1.?????????????????By Production Technology
10.3.3.2.2.?????????????????By Application
10.3.4.?????????????France Syngas & Derivatives Market Outlook
10.3.4.1.?Market Size & Forecast
10.3.4.1.1.?????????????????By Value & Volume
10.3.4.2.?Market Share & Forecast
10.3.4.2.1.?????????????????By Production Technology
10.3.4.2.2.?????????????????By Application
10.3.5.?????????????Italy Syngas & Derivatives Market Outlook
10.3.5.1.?Market Size & Forecast
10.3.5.1.1.?????????????????By Value & Volume
10.3.5.2.?Market Share & Forecast
10.3.5.2.1.?????????????????By Production Technology
10.3.5.2.2.?????????????????By Application