Syngas Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Syngas Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)


Exploring the Syngas Market Landscape
This comprehensive analysis delves into the dynamic global syngas market, shedding light on its current status, growth drivers, and future opportunities.

Market Size and Growth
The syngas market reached a valuation of USD 45.2 billion in 2021 and is projected to achieve a steady CAGR of 5.8 percent during the forecast period. The growing demand for syngas and its derivatives is driven by their diverse applications in sectors like liquid fuels, gaseous fuels, chemicals, and power generation. Syngas offers a significant contribution to environmental protection through waste reduction, making it an environmentally conscious choice in both urban and rural areas. Notably, the market is witnessing a surge in demand for electricity generation and chemical production using syngas.

Market Drivers
The market's growth is powered by a multitude of factors. The chemical industry's increasing demand for synthetic gas is a major driver, considering that syngas is integral in producing synthetic natural gas (SNG), which is then converted into liquefied natural gas (LNG) and compressed natural gas (CNG) for use in various transport sectors. The advantages of syngas, such as its low energy cost, stability, and utilization in power generation through gas engines, further contribute to its global demand. The emergence of underground coal gasification (UCG) technology eliminates the need to transport feedstock to gasification plants, leading to substantial cost savings and increased demand for syngas.

COVID-19 Impact and Recovery
The global COVID-19 pandemic did impact the syngas market, causing slow growth due to disruptions in the supply chain. However, players like Linde plc showcased resilience by initiating new production plants even during challenging times. The steady recovery of the market is anticipated as the pandemic subsides.

Segmental Insights
The syngas market's growth is driven by the dominance of segments such as coal and chemicals. Steam reforming is poised for rapid growth due to its efficiency and reliability, and technology pioneers like Haldor Topsoe A/S are contributing to this growth through innovations.

Regional Landscape
North America is expected to dominate the syngas market due to its increasing demand for liquid fuels, power, and sustainable energy sources. The region's advancements in technology and infrastructure further support market growth. Asia-Pacific is projected to experience the fastest growth rate, driven by the demand for syngas and derivatives in China, India, and Japan, for chemicals, fuel, and electricity production.

Competitive Landscape
Players like Shell PLC and Tokyo Gas Co. are collaborating to drive decarbonization initiatives. Innovations by companies like Haldor Topsoe A/S and Air Products and Chemicals Inc. are contributing to the industry's growth, emphasizing technological advancements and sustainable practices.

The syngas market's journey is characterized by a growing demand for sustainable energy sources, a surge in chemical industry needs, and technological innovations. Despite challenges, the market is set for growth as companies prioritize environmental responsibility and technological progress in the field of syngas and its derivatives.

Please Note: It will take 5 business days to complete the report upon order confirmation.

Please note: The PDF e-mail from publisher version of this report is for a global site license.


1. Executive Summary
1.1. Global Syngas Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.1.1. Driver A
2.2.1.2. Driver B
2.2.1.3. Driver C
2.2.2. Restraints
2.2.2.1. Restraint 1
2.2.2.2. Restraint 2
2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
2.5.1. Pre-Covid and Post-Covid Scenario
2.5.2. Supply Impact
2.5.3. Demand Impact
2.6. Government Regulations
2.7. Technology Landscape
2.8. Economic Analysis
2.9. PESTLE
3. Production Output and Trade Statistics, 2018 - 2022
3.1. Regional Production Statistics
3.1.1. North America
3.1.2. Europe
3.1.3. Asia Pacific
3.1.4. Latin America
3.1.5. Middle East & Africa
4. Price Trends Analysis and Future Projects, 2018 - 2030
4.1. Key Highlights
4.2. Prominent Factors Affecting Prices
4.3. By Feed
4.4. By Region
5. Global Syngas Market Outlook, 2018 - 2030
5.1. Global Syngas Market Outlook, by Technology, Volume (MWth) and Value (US$ Mn), 2018 - 2030
5.1.1. Key Highlights
5.1.1.1. Gasification
5.1.1.2. Steam-Methane Reforming
5.1.1.3. Electrolysis
5.2. Global Syngas Market Outlook, by Feed, Volume (MWth) and Value (US$ Mn), 2018 – 2030
5.2.1. Key Highlights
5.2.1.1. Natural Gas
5.2.1.2. Coal
5.2.1.3. Pet coke
5.2.1.4. Biomass
5.2.1.5. Misc.
5.3. Global Syngas Market Outlook, by Application Type, Volume (MWth) and Value (US$ Mn), 2018 - 2030
5.3.1. Key Highlights
5.3.1.1. Ammonia
5.3.1.2. Methanol
5.3.1.3. Liquid Fuels
5.3.1.4. Hydrogen
5.3.1.5. Direct Reduced Iron
5.3.1.6. Synthetic Natural Gas
5.3.1.7. Power Generation
5.3.1.8. Misc.
5.3.2. BPS/Market Attractiveness Analysis
5.4. Global Syngas Market Outlook, by Region, Volume (MWth) and Value (US$ Mn), 2018 - 2030
5.4.1. Key Highlights
5.4.1.1. North America
5.4.1.2. Europe
5.4.1.3. Asia Pacific
5.4.1.4. Latin America
5.4.1.5. Middle East & Africa
5.4.2. BPS/Market Attractiveness Analysis
6. North America Syngas Market Outlook, 2018 - 2030
6.1. North America Syngas Market Outlook, by Technology, Volume (MWth) and Value (US$ Mn), 2018 - 2030
6.1.1. Key Highlights
6.1.1.1. Gasification
6.1.1.2. Steam-Methane Reforming
6.1.1.3. Electrolysis
6.2. North America Syngas Market Outlook, by Feed, Volume (MWth) and Value (US$ Mn), 2018 - 2030
6.2.1. Key Highlights
6.2.1.1. Natural Gas
6.2.1.2. Coal
6.2.1.3. Pet coke
6.2.1.4. Biomass
6.2.1.5. Misc.
6.3. North America Syngas Market Outlook, by Application Type, Volume (MWth) and Value (US$ Mn), 2018 - 2030
6.3.1. Key Highlights
6.3.1.1. Ammonia
6.3.1.2. Methanol
6.3.1.3. Liquid Fuels
6.3.1.4. Hydrogen
6.3.1.5. Direct Reduced Iron
6.3.1.6. Synthetic Natural Gas
6.3.1.7. Power Generation
6.3.1.8. Misc.
6.4. North America Syngas Market Outlook, by Country, Volume (MWth) and Value (US$ Mn), 2018 - 2030
6.4.1. Key Highlights
6.4.1.1. U.S.
6.4.1.2. Canada
6.4.2. BPS/Market Attractiveness Analysis
7. Europe Syngas Market Outlook, 2018 - 2030
7.1. Europe Syngas Market Outlook, by Technology, Volume (MWth) and Value (US$ Mn), 2018 - 2030
7.1.1. Key Highlights
7.1.1.1. Gasification
7.1.1.2. Steam-Methane Reforming
7.1.1.3. Electrolysis
7.2. Europe Syngas Market Outlook, by Feed, Volume (MWth) and Value (US$ Mn), 2018 - 2030
7.2.1. Key Highlights
7.2.1.1. Natural Gas
7.2.1.2. Coal
7.2.1.3. Pet coke
7.2.1.4. Biomass
7.2.1.5. Misc.
7.3. Europe Syngas Market Outlook, by Application Type, Volume (MWth) and Value (US$ Mn), 2018 - 2030
7.3.1. Key Highlights
7.3.1.1. Ammonia
7.3.1.2. Methanol
7.3.1.3. Liquid Fuels
7.3.1.4. Hydrogen
7.3.1.5. Direct Reduced Iron
7.3.1.6. Synthetic Natural Gas
7.3.1.7. Power Generation
7.3.1.8. Misc.
7.4. Europe Syngas Market Outlook, by Country, Volume (MWth) and Value (US$ Mn), 2018 - 2030
7.4.1. Key Highlights
7.4.1.1. Germany
7.4.1.2. France
7.4.1.3. U.K.
7.4.1.4. Italy
7.4.1.5. Spain
7.4.1.6. Russia
7.4.1.7. Rest of Europe
7.4.2. BPS/Market Attractiveness Analysis
8. Asia Pacific Syngas Market Outlook, 2018 - 2030
8.1. Asia Pacific Syngas Market Outlook, by Technology, Volume (MWth) and Value (US$ Mn), 2018-2030
8.1.1. Key Highlights
8.1.1.1. Gasification
8.1.1.2. Steam-Methane Reforming
8.1.1.3. Electrolysis
8.2. Asia Pacific Syngas Market Outlook, by Feed, Volume (MWth) and Value (US$ Mn), 2018 - 2030
8.2.1. Key Highlights
8.2.1.1. Natural Gas
8.2.1.2. Coal
8.2.1.3. Pet coke
8.2.1.4. Biomass
8.2.1.5. Misc.
8.3. Asia Pacific Syngas Market Outlook, by Application Type, Volume (MWth) and Value (US$ Mn), 2018 - 2030
8.3.1. Key Highlights
8.3.1.1. Ammonia
8.3.1.2. Methanol
8.3.1.3. Liquid Fuels
8.3.1.4. Hydrogen
8.3.1.5. Direct Reduced Iron
8.3.1.6. Synthetic Natural Gas
8.3.1.7. Power Generation
8.3.1.8. Misc.
8.4. Asia Pacific Syngas Market Outlook, by Country, Volume (MWth) and Value (US$ Mn), 2018 - 2030
8.4.1. Key Highlights
8.4.1.1. China
8.4.1.2. Japan
8.4.1.3. South Korea
8.4.1.4. India
8.4.1.5. Southeast Asia
8.4.1.6. Rest of Asia Pacific
8.4.2. BPS/Market Attractiveness Analysis
9. Latin America Syngas Market Outlook, 2018 - 2030
9.1. Latin America Syngas Market Outlook, by Technology, Volume (MWth) and Value (US$ Mn), 2018 - 2030
9.1.1. Key Highlights
9.1.1.1. Gasification
9.1.1.2. Steam-Methane Reforming
9.1.1.3. Electrolysis
9.2. Latin America Syngas Market Outlook, by Feed, Volume (MWth) and Value (US$ Mn), 2018 - 2030
9.2.1. Key Highlights
9.2.1.1. Natural Gas
9.2.1.2. Coal
9.2.1.3. Pet coke
9.2.1.4. Biomass
9.2.1.5. Misc.
9.3. Latin America Syngas Market Outlook, by Application Type, Volume (MWth) and Value (US$ Mn), 2018 - 2030
9.3.1. Key Highlights
9.3.1.1. Ammonia
9.3.1.2. Methanol
9.3.1.3. Liquid Fuels
9.3.1.4. Hydrogen
9.3.1.5. Direct Reduced Iron
9.3.1.6. Synthetic Natural Gas
9.3.1.7. Power Generation
9.3.1.8. Misc.
9.4. Latin America Syngas Market Outlook, by Country, Volume (MWth) and Value (US$ Mn), 2018 - 2030
9.4.1. Key Highlights
9.4.1.1. Brazil
9.4.1.2. Caribbean
9.4.1.3. Rest of Latin America
9.4.2. BPS/Market Attractiveness Analysis
10. Middle East & Africa Syngas Market Outlook, 2018 - 2030
10.1. Middle East & Africa Syngas Market Outlook, by Technology, Volume (MWth) and Value (US$ Mn), 2018 - 2030
10.1.1. Key Highlights
10.1.1.1. Gasification
10.1.1.2. Steam-Methane Reforming
10.1.1.3. Electrolysis
10.2. Middle East & Africa Syngas Market Outlook, by Feed, Volume (MWth) and Value (US$ Mn), 2018 - 2030
10.2.1. Key Highlights
10.2.1.1. Natural Gas
10.2.1.2. Coal
10.2.1.3. Pet coke
10.2.1.4. Biomass
10.2.1.5. Misc.
10.3. Middle East & Africa Syngas Market Outlook, by Application Type, Volume (MWth) and Value (US$ Mn), 2018 - 2030
10.3.1. Key Highlights
10.3.1.1. Ammonia
10.3.1.2. Methanol
10.3.1.3. Liquid Fuels
10.3.1.4. Hydrogen
10.3.1.5. Direct Reduced Iron
10.3.1.6. Synthetic Natural Gas
10.3.1.7. Power Generation
10.3.1.8. Misc.
10.4. Middle East & Africa Syngas Market Outlook, by Country, Volume (MWth) and Value (US$ Mn), 2018 - 2030
10.4.1. Key Highlights
10.4.1.1. GCC
10.4.1.2. South Africa
10.4.1.3. Iran
10.4.1.4. Rest of Middle East & Africa
10.4.2. BPS/Market Attractiveness Analysis
11. Competitive Landscape
11.1. Company Market Share Analysis, 2021
11.2. Competitive Dashboard
11.3. Company Profiles
11.3.1. Air Products and Chemicals, Inc.
11.3.1.1. Company Overview
11.3.1.2. Product Portfolio
11.3.1.3. Financial Overview
11.3.1.4. Business Strategies and Development
11.3.2. Linde plc
11.3.3. Air Liquide S.A.
11.3.4. Topsoe
11.3.5. Casale
11.3.6. Johnson Matthey
11.3.7. Sasol Limited
11.3.8. NextChem S.p.A.
11.3.9. Celanese Corporation
11.3.10. Shell Plc
11.3.11. SINOPEC
11.3.12. Synthesis Energy Systems, Inc.
12. Appendix
12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings