Global Gasification Market Size study & Forecast, by Type (Fixed Bed, Fluidized Bed, Entrained Flow), by Feedstock (Coal, Petroleum, Gas, Petcoke, Biomass, Waste), by Feed Type (Dry, Slurry), by Gasifier Medium (Air, Oxygen, Vapor), by Application (Electr

Global Gasification Market Size study & Forecast, by Type (Fixed Bed, Fluidized Bed, Entrained Flow), by Feedstock (Coal, Petroleum, Gas, Petcoke, Biomass, Waste), by Feed Type (Dry, Slurry), by Gasifier Medium (Air, Oxygen, Vapor), by Application (Electricity, Chemicals, Fertilizers, Liquid Fuels, Synthetic Natural Gas, Hydrogen) and Regional Analysis, 2023-2030

Global Gasification Market is valued approximately at USD 472.2 billion in 2022 and is anticipated to grow with a growth rate of more than 5.7% over the forecast period 2023-2030. Gasification is the thermochemical conversion of carbonaceous raw materials into hydrogen and carbon monoxide gas, with minimal carbon dioxide and water. The resulting syngas has diverse uses, including fuel for industries and power generation, as well as a chemical feedstock for making fuels and chemicals. The gasification market is driven by factors such as global increased demand for power and the expansion of the coal industry. Also, growing environmental awareness and sustainability concerns have contributed to the interest in gasification as a clean energy alternative. Additionally, there is a rising demand for gasification in the municipal sector for waste disposal and recycling purposes. Gasifiers provide a flexible and efficient solution for thermal applications by replacing fossil fuels with syngas in existing gas-fueled machinery.

Moreover, the growing chemical industry plays a crucial role in supporting the growth of the gasification market. Gasification is a process that converts carbonaceous materials, such as coal, biomass, or even waste, into synthesis gas (syngas), which is primarily composed of hydrogen and carbon monoxide. This syngas can be further processed to produce various valuable products, including chemicals. Thus, the growing chemical industry is anticipated to support the market growth. According to Statista, in 2020 the global chemical industry was valued USD 3817.6 billion and the industry increased significant and reached USD 4,732.1 billion in 2021. As a result, the growing chemical industry is anticipated to create the lucrative demand for the market. Additionally, increasing application in waste management and demand for cleaner and more effective energy generation technology in commercial and residential applications provides lucrative opportunity to the market for growth. However, the high installation cost stifling market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Gasification Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 with largest market share owing to surge in energy demand, with a particular emphasis on cleaner and source that is more efficient. This region confronts significant environmental issues resulting from population growth, urbanization, and industrialization. North America is expected to fastest growing significantly during the forecast period, owing to the increasing demand for cleaner and sustainable energy sources. The region's abundant coal reserves can be utilized as a feedstock for gasification, allowing for value extraction while minimizing environmental impact. Additionally, there is a strong emphasis on reducing carbon emissions and meeting sustainability goals in North America.

Major market player included in this report are:
Shell Plc.
Synthesis Energy Systems Inc.
Chicago Bridge & Iron Company
ThyssenKrupp AG.
Siemens AG
Mitsubishi Heavy Industries
KBR Inc.
Air Liquide S.A
General Electric Company
SEDIN Engineering Company Limited

Recent Developments in the Market:
In August 2021, Mitsubishi Power collaborated on a study to establish a commercial-scale supply chain for sustainable aviation fuel. The focus was on utilizing wood biomass gasification integrated with FT synthesis technology.

In April 2020, Larsen & Toubro received an order from Wuhan Engineering Ltd in China for coal gasification equipment. The unit's purpose was to utilize coal with high ash content and pet coke as feedstock to produce Urea.

Global Gasification Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Type, Feedstock, Feed Type, Gasifier Medium, Application, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Type:
Fixed Bed
Fluidized Bed
Entrained Flow
By Feedstock:
Coal
Petroleum
Gas
Petcoke
Biomass
Waste
By Feed Type:
Dry
Slurry
By Gasifier Medium:
Air
Oxygen
Vapor
By Application:
Electricity
Chemicals
Fertilizers
Liquid Fuels
Synthetic Natural Gas
Hydrogen
By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Shell Plc.
Synthesis Energy Systems Inc.
Chicago Bridge & Iron Company
ThyssenKrupp AG.
Siemens AG
Mitsubishi Heavy Industries
KBR Inc.
Air Liquide S.A
General Electric Company
SEDIN Engineering Company Limited

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