Global Syngas Market Size study & Forecast, by Gasifier (Moving Bed Gasifier, Fluidized Bed Gasifier, Entrained Flow Gasifier, Others) by Technology (Steam Reforming, Partial Oxidation, Autothermal Reforming, Combined or Two-step Reforming, Biomass Gasifi

Global Syngas Market Size study & Forecast, by Gasifier (Moving Bed Gasifier, Fluidized Bed Gasifier, Entrained Flow Gasifier, Others) by Technology (Steam Reforming, Partial Oxidation, Autothermal Reforming, Combined or Two-step Reforming, Biomass Gasification), by Feedstock (Natural Gas, Coal, Biomass/Waste, Others), by Application (Power Generation, Chemicals, Others) and Regional Analysis, 2023-2030

Global Syngas Market is valued approximately at USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Syngas, short for synthesis gas, is a mixture of carbon monoxide (CO) and hydrogen (H2). It is typically produced through various gasification or reforming processes, such as coal gasification, biomass gasification, or steam reforming of natural gas. Syngas is a versatile fuel and chemical feedstock that has several applications. The key factors driving the market growth are rising demand in chemical industry and growing environmental awareness and government regulations on the use of renewable fuel is anticipated to support the market growth. Furthermore, benefits associated with syngas such as lower energy costs, increased stability, and its usage to fuel petrol engines for power generation increase its global demand. Furthermore, the development of the method of underground coal gasification (UCG), which allows the completion of the in-situ gasification process that converts coal into syngas. This, in turn, increases demand since it eliminates the requirement to transport feedstock to gasification units, resulting in significant cost savings.

Moreover, the growing chemical industry plays a significant role in supporting the growth of the Syngas (synthesis gas) market. The syngas is a crucial feedstock for the production of a wide range of chemicals, including methanol, ammonia, and synthetic fuels. These chemicals serve as building blocks for numerous downstream products in the chemical industry. Thus, the growing chemical industry is anticipated to create the lucrative demand for the market. According to Statista, in 2020 the global chemical industry was valued USD 3,817.6 billion and the industry growing significantly and reached USD 4,732.1 billion in 2021. Additionally, growing demand for power generation is anticipated to create the lucrative opportunity for the market during forecast period. However, the high capital investments stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Syngas Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the presence of key market players, growing refinery industry and ammonia production, rising demand from fuel applications, and growing chemical industry in the region. Whereas, the Asia Pacific region is expected to grow at fastest growth rate during the forecast period, owing to factors such as the cohesive government initiatives, growing chemical industry, growing demand for clean fuel, and growing demand in power generation application.

Major market player included in this report are:
Royal Dutch Shell Plc.
The Linde Group
BASF SE
Sasol Limited
SIEMENS AG
Syngas Energy Holdings
John Wood Group
Air Products and Chemicals Inc.
Air Liquide
SynGas Technology LLC

Recent Developments in the Market:
In June 2022, Shell PLC has signed into a decarbonization agreement for natural gas and carbon capture, utilisation, and sequestration (CCUS) projects with Tokyo Gas Co. and Osaka Gas Co. By 2030, these Japanese enterprises may seek to replace 1% of the present gas supply with biomethane-based synthetic gas, or syngas.

Global Syngas 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 – Gasifier, Technology, Feedstock, 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 Gasifier:
Moving Bed Gasifier
Fluidized Bed Gasifier
Entrained Flow Gasifier
Others
By Technology:
Steam Reforming
Partial Oxidation
Autothermal Reforming
Combined or Two-step Reforming
Biomass Gasification
By Feedstock:
Natural Gas
Coal
Biomass/Waste
Others
By Application:
Power Generation
Chemicals
Others
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
Royal Dutch Shell Plc.
The Linde Group
BASF SE
Sasol Limited
SIEMENS AG
Syngas Energy Holdings
John Wood Group
Air Products and Chemicals Inc.
Air Liquide
SynGas Technology LLC

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