The global syngas market size reached 260.7 MM Nm3/h in 2024. Looking forward, IMARC Group expects the market to reach 554.8 MM Nm3/h by 2033, exhibiting a growth rate (CAGR) of 8.32% during 2025-2033. The market is driven by rising concerns over the availability of conventional energy, regulating greenhouse gases, the development of industrial gasification, and ongoing technological advancements that enhance the efficiency of its production.
Syngas, or synthesis gas, is a fuel gas mixture of carbon monoxide, hydrogen, carbon dioxide and trace gases. It is produced through gasification of carbon-containing fuel such as coal when it is exposed to heat, air and water in a closed space. Since syngas has over half of the energy density of natural gas, it can be easily burnt and used as a fuel source. It is carbon-rich and is extensively used to generate Synthetic Natural Gas (SNG), oxo-chemicals, dimethyl ether, hydrogen and ammonia or methanol for industrial applications. It is also used to produce a variety of fertilizers, solvents, fuels and synthetic materials.
Growing demand for syngas from the chemical industry is one of the key factors driving the market growth. Furthermore, syngas is primarily used to produce SNG that is used in the form of Liquified Natural Gas (LNG) and Compressed Natural Gas (CNG) in rail, marine and road transportation industries. It can also be used to fuel gas engines for power supply owing to benefits such as low energy costs, increased stability and predictability. Moreover, the development of underground coal gasification (UCG) method is also creating a positive outlook for the market. It facilitates the completion of in-situ gasification process that converts coal into syngas. This is catalyzing the market growth as it reduces the need to transport the feedstock to the gasification plants, which consequently provides significant cost benefits. Additionally, growing environmental consciousness and stringent government regulations regarding the usage of clean fuels are also significantly contributing to the market growth. Syngas is crucial in reducing the waste pollution in landfills and greenhouse gases from the atmosphere.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global syngas market report, along with forecasts at the global and regional level from 2025-2033. Our report has categorized the market based on gasifier type, feedstock, technology and end-use.
Breakup by Gasifier Type:
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