Global Gas-to-liquid (GTL) Market 2024-2028

Gas-To-Liquid (GTL) Market 2024-2028


The gas-to-liquid (GTL) market is forecasted to grow by USD 2922.5 mn during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the gas-to-liquid (GTL) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in natural gas production, increase in demand for clean fuel, and growing investment in gtl projects.

Technavio's gas-to-liquid (GTL) market is segmented as below:
  • By Product
  • GTL diesel
  • GTL naphtha
  • Others
  • By Geographical Landscape
  • Middle East and Africa
  • North America
  • APAC
  • Europe
  • South America
This study identifies the technological developments as one of the prime reasons driving the gas-to-liquid (GTL) market growth during the next few years. Also, rising demand for petrochemical feedstock and rapid growth of transportation sector will lead to sizable demand in the market.

The report on the gas-to-liquid (GTL) market covers the following areas:
  • Gas-To-Liquid (GTL) Market sizing
  • Gas-To-Liquid (GTL) Market forecast
  • Gas-To-Liquid (GTL) Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading gas-to-liquid (GTL) market vendors that include Axens, Black and Veatch Holding Co., Calvert Energy Group LLC, Chevron Corp., CompactGTL Ltd., Equinor ASA, Gas Technologies LLC, Greyrock Energy Inc., KBR Inc., Nigerian National Petroleum Corp., OxEon Energy LLC, Petroleum Oil and Gas Corp. of South Africa SOC Ltd., QatarEnergy, Sasol Ltd., Shell plc, STI Gustav Stabernack GmbH, Topsoes AS, Uzbekistan GTL LLC, Velocys Plc, Xebec Adsorption Inc., and XTL Technology Ltd.. Also, the gas-to-liquid (GTL) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.


1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Product
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Gas-To-Liquid (GTL) Market 2018 - 2022
Historic Market Size - Data Table on Global Gas-To-Liquid (GTL) Market 2018 - 2022 ($ million)
4.2 Product segment analysis 2018 - 2022
Historic Market Size - Product Segment 2018 - 2022 ($ million)
4.3 Geography segment analysis 2018 - 2022
Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.4 Country segment analysis 2018 - 2022
Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Product
6.1 Market segments
Chart on Product - Market share 2023-2028 (%)
Data Table on Product - Market share 2023-2028 (%)
6.2 Comparison by Product
Chart on Comparison by Product
Data Table on Comparison by Product
6.3 GTL diesel - Market size and forecast 2023-2028
Chart on GTL diesel - Market size and forecast 2023-2028 ($ million)
Data Table on GTL diesel - Market size and forecast 2023-2028 ($ million)
Chart on GTL diesel - Year-over-year growth 2023-2028 (%)
Data Table on GTL diesel - Year-over-year growth 2023-2028 (%)
6.4 GTL naphtha - Market size and forecast 2023-2028
Chart on GTL naphtha - Market size and forecast 2023-2028 ($ million)
Data Table on GTL naphtha - Market size and forecast 2023-2028 ($ million)
Chart on GTL naphtha - Year-over-year growth 2023-2028 (%)
Data Table on GTL naphtha - Year-over-year growth 2023-2028 (%)
6.5 Others - Market size and forecast 2023-2028
Chart on Others - Market size and forecast 2023-2028 ($ million)
Data Table on Others - Market size and forecast 2023-2028 ($ million)
Chart on Others - Year-over-year growth 2023-2028 (%)
Data Table on Others - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Product
Market opportunity by Product ($ million)
Data Table on Market opportunity by Product ($ million)
7 Customer Landscape
7.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8 Geographic Landscape
8.1 Geographic segmentation
Chart on Market share By Geographical Landscape 2023-2028 (%)
Data Table on Market share By Geographical Landscape 2023-2028 (%)
8.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
8.3 Middle East and Africa - Market size and forecast 2023-2028
Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
8.4 North America - Market size and forecast 2023-2028
Chart on North America - Market size and forecast 2023-2028 ($ million)
Data Table on North America - Market size and forecast 2023-2028 ($ million)
Chart on North America - Year-over-year growth 2023-2028 (%)
Data Table on North America - Year-over-year growth 2023-2028 (%)
8.5 APAC - Market size and forecast 2023-2028
Chart on APAC - Market size and forecast 2023-2028 ($ million)
Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Chart on APAC - Year-over-year growth 2023-2028 (%)
Data Table on APAC - Year-over-year growth 2023-2028 (%)
8.6 Europe - Market size and forecast 2023-2028
Chart on Europe - Market size and forecast 2023-2028 ($ million)
Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Chart on Europe - Year-over-year growth 2023-2028 (%)
Data Table on Europe - Year-over-year growth 2023-2028 (%)
8.7 South America - Market size and forecast 2023-2028
Chart on South America - Market size and forecast 2023-2028 ($ million)
Data Table on South America - Market size and forecast 2023-2028 ($ million)
Chart on South America - Year-over-year growth 2023-2028 (%)
Data Table on South America - Year-over-year growth 2023-2028 (%)
8.8 Qatar - Market size and forecast 2023-2028
Chart on Qatar - Market size and forecast 2023-2028 ($ million)
Data Table on Qatar - Market size and forecast 2023-2028 ($ million)
Chart on Qatar - Year-over-year growth 2023-2028 (%)
Data Table on Qatar - Year-over-year growth 2023-2028 (%)
8.9 US - Market size and forecast 2023-2028
Chart on US - Market size and forecast 2023-2028 ($ million)
Data Table on US - Market size and forecast 2023-2028 ($ million)
Chart on US - Year-over-year growth 2023-2028 (%)
Data Table on US - Year-over-year growth 2023-2028 (%)
8.10 South Africa - Market size and forecast 2023-2028
Chart on South Africa - Market size and forecast 2023-2028 ($ million)
Data Table on South Africa - Market size and forecast 2023-2028 ($ million)
Chart on South Africa - Year-over-year growth 2023-2028 (%)
Data Table on South Africa - Year-over-year growth 2023-2028 (%)
8.11 Malaysia - Market size and forecast 2023-2028
Chart on Malaysia - Market size and forecast 2023-2028 ($ million)
Data Table on Malaysia - Market size and forecast 2023-2028 ($ million)
Chart on Malaysia - Year-over-year growth 2023-2028 (%)
Data Table on Malaysia - Year-over-year growth 2023-2028 (%)
8.12 Canada - Market size and forecast 2023-2028
Chart on Canada - Market size and forecast 2023-2028 ($ million)
Data Table on Canada - Market size and forecast 2023-2028 ($ million)
Chart on Canada - Year-over-year growth 2023-2028 (%)
Data Table on Canada - Year-over-year growth 2023-2028 (%)
8.13 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ million)
Data Tables on Market opportunity By Geographical Landscape ($ million)
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
Overview on factors of disruption
10.4 Industry risks
Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
Companies covered
11.2 Market positioning of companies
Matrix on companies position and classification
11.3 Axens
Axens - Overview
Axens - Product / Service
Axens - Key offerings
11.4 Black and Veatch Holding Co.
Black and Veatch Holding Co. - Overview
Black and Veatch Holding Co. - Product / Service
Black and Veatch Holding Co. - Key offerings
11.5 Calvert Energy Group LLC
Calvert Energy Group LLC - Overview
Calvert Energy Group LLC - Product / Service
Calvert Energy Group LLC - Key offerings
11.6 Chevron Corp.
Chevron Corp. - Overview
Chevron Corp. - Business segments
Chevron Corp. - Key news
Chevron Corp. - Key offerings
Chevron Corp. - Segment focus
11.7 CompactGTL Ltd.
CompactGTL Ltd. - Overview
CompactGTL Ltd. - Product / Service
CompactGTL Ltd. - Key offerings
11.8 KBR Inc.
KBR Inc. - Overview
KBR Inc. - Business segments
KBR Inc. - Key news
KBR Inc. - Key offerings
KBR Inc. - Segment focus
11.9 Petroleum Oil and Gas Corp. of South Africa SOC Ltd.
Petroleum Oil and Gas Corp. of South Africa SOC Ltd. - Overview
Petroleum Oil and Gas Corp. of South Africa SOC Ltd. - Product / Service
Petroleum Oil and Gas Corp. of South Africa SOC Ltd. - Key offerings
11.10 QatarEnergy
QatarEnergy - Overview
QatarEnergy - Product / Service
QatarEnergy - Key offerings
11.11 Sasol Ltd.
Sasol Ltd. - Overview
Sasol Ltd. - Business segments
Sasol Ltd. - Key news
Sasol Ltd. - Key offerings
Sasol Ltd. - Segment focus
11.12 Shell plc
Shell plc - Overview
Shell plc - Business segments
Shell plc - Key news
Shell plc - Key offerings
Shell plc - Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
12.3 Currency conversion rates for US$
Currency conversion rates for US$
12.4 Research methodology
Research methodology
12.5 Data procurement
Information sources
12.6 Data validation
Data validation
12.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
12.8 Data synthesis
Data synthesis
12.9 360 degree market analysis
360 degree market analysis
12.10 List of abbreviations
List of abbreviations
Exhibits:
Exhibits1: Executive Summary - Chart on Market Overview
Exhibits2: Executive Summary - Data Table on Market Overview
Exhibits3: Executive Summary - Chart on Global Market Characteristics
Exhibits4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits5: Executive Summary - Chart on Market Segmentation by Product
Exhibits6: Executive Summary - Chart on Incremental Growth
Exhibits7: Executive Summary - Data Table on Incremental Growth
Exhibits8: Executive Summary - Chart on Company Market Positioning
Exhibits9: Parent Market
Exhibits10: Data Table on - Parent Market
Exhibits11: Market characteristics analysis
Exhibits12: Value Chain Analysis
Exhibits13: Offerings of companies included in the market definition
Exhibits14: Market segments
Exhibits15: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibits16: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibits17: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits18: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits19: Historic Market Size - Data Table on Global Gas-To-Liquid (GTL) Market 2018 - 2022 ($ million)
Exhibits20: Historic Market Size - Product Segment 2018 - 2022 ($ million)
Exhibits21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
Exhibits22: Historic Market Size - Country Segment 2018 - 2022 ($ million)
Exhibits23: Five forces analysis - Comparison between 2023 and 2028
Exhibits24: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits26: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits27: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits28: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits29: Chart on Market condition - Five forces 2023 and 2028
Exhibits30: Chart on Product - Market share 2023-2028 (%)
Exhibits31: Data Table on Product - Market share 2023-2028 (%)
Exhibits32: Chart on Comparison by Product
Exhibits33: Data Table on Comparison by Product
Exhibits34: Chart on GTL diesel - Market size and forecast 2023-2028 ($ million)
Exhibits35: Data Table on GTL diesel - Market size and forecast 2023-2028 ($ million)
Exhibits36: Chart on GTL diesel - Year-over-year growth 2023-2028 (%)
Exhibits37: Data Table on GTL diesel - Year-over-year growth 2023-2028 (%)
Exhibits38: Chart on GTL naphtha - Market size and forecast 2023-2028 ($ million)
Exhibits39: Data Table on GTL naphtha - Market size and forecast 2023-2028 ($ million)
Exhibits40: Chart on GTL naphtha - Year-over-year growth 2023-2028 (%)
Exhibits41: Data Table on GTL naphtha - Year-over-year growth 2023-2028 (%)
Exhibits42: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibits43: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibits44: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibits45: Data Table on Others - Year-over-year growth 2023-2028 (%)
Exhibits46: Market opportunity by Product ($ million)
Exhibits47: Data Table on Market opportunity by Product ($ million)
Exhibits48: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits49: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibits50: Data Table on Market share By Geographical Landscape 2023-2028 (%)
Exhibits51: Chart on Geographic comparison
Exhibits52: Data Table on Geographic comparison
Exhibits53: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibits54: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibits55: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits56: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits57: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibits58: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibits59: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibits60: Data Table on North America - Year-over-year growth 2023-2028 (%)
Exhibits61: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibits62: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibits63: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibits64: Data Table on APAC - Year-over-year growth 2023-2028 (%)
Exhibits65: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibits66: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibits67: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibits68: Data Table on Europe - Year-over-year growth 2023-2028 (%)
Exhibits69: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibits70: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibits71: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibits72: Data Table on South America - Year-over-year growth 2023-2028 (%)
Exhibits73: Chart on Qatar - Market size and forecast 2023-2028 ($ million)
Exhibits74: Data Table on Qatar - Market size and forecast 2023-2028 ($ million)
Exhibits75: Chart on Qatar - Year-over-year growth 2023-2028 (%)
Exhibits76: Data Table on Qatar - Year-over-year growth 2023-2028 (%)
Exhibits77: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibits78: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibits79: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibits80: Data Table on US - Year-over-year growth 2023-2028 (%)
Exhibits81: Chart on South Africa - Market size and forecast 2023-2028 ($ million)
Exhibits82: Data Table on South Africa - Market size and forecast 2023-2028 ($ million)
Exhibits83: Chart on South Africa - Year-over-year growth 2023-2028 (%)
Exhibits84: Data Table on South Africa - Year-over-year growth 2023-2028 (%)
Exhibits85: Chart on Malaysia - Market size and forecast 2023-2028 ($ million)
Exhibits86: Data Table on Malaysia - Market size and forecast 2023-2028 ($ million)
Exhibits87: Chart on Malaysia - Year-over-year growth 2023-2028 (%)
Exhibits88: Data Table on Malaysia - Year-over-year growth 2023-2028 (%)
Exhibits89: Chart on Canada - Market size and forecast 2023-2028 ($ million)
Exhibits90: Data Table on Canada - Market size and forecast 2023-2028 ($ million)
Exhibits91: Chart on Canada - Year-over-year growth 2023-2028 (%)
Exhibits92: Data Table on Canada - Year-over-year growth 2023-2028 (%)
Exhibits93: Market opportunity By Geographical Landscape ($ million)
Exhibits94: Data Tables on Market opportunity By Geographical Landscape ($ million)
Exhibits95: Impact of drivers and challenges in 2023 and 2028
Exhibits96: Overview on criticality of inputs and factors of differentiation
Exhibits97: Overview on factors of disruption
Exhibits98: Impact of key risks on business
Exhibits99: Companies covered
Exhibits100: Matrix on companies position and classification
Exhibits101: Axens - Overview
Exhibits102: Axens - Product / Service
Exhibits103: Axens - Key offerings
Exhibits104: Black and Veatch Holding Co. - Overview
Exhibits105: Black and Veatch Holding Co. - Product / Service
Exhibits106: Black and Veatch Holding Co. - Key offerings
Exhibits107: Calvert Energy Group LLC - Overview
Exhibits108: Calvert Energy Group LLC - Product / Service
Exhibits109: Calvert Energy Group LLC - Key offerings
Exhibits110: Chevron Corp. - Overview
Exhibits111: Chevron Corp. - Business segments
Exhibits112: Chevron Corp. - Key news
Exhibits113: Chevron Corp. - Key offerings
Exhibits114: Chevron Corp. - Segment focus
Exhibits115: CompactGTL Ltd. - Overview
Exhibits116: CompactGTL Ltd. - Product / Service
Exhibits117: CompactGTL Ltd. - Key offerings
Exhibits118: KBR Inc. - Overview
Exhibits119: KBR Inc. - Business segments
Exhibits120: KBR Inc. - Key news
Exhibits121: KBR Inc. - Key offerings
Exhibits122: KBR Inc. - Segment focus
Exhibits123: Petroleum Oil and Gas Corp. of South Africa SOC Ltd. - Overview
Exhibits124: Petroleum Oil and Gas Corp. of South Africa SOC Ltd. - Product / Service
Exhibits125: Petroleum Oil and Gas Corp. of South Africa SOC Ltd. - Key offerings
Exhibits126: QatarEnergy - Overview
Exhibits127: QatarEnergy - Product / Service
Exhibits128: QatarEnergy - Key offerings
Exhibits129: Sasol Ltd. - Overview
Exhibits130: Sasol Ltd. - Business segments
Exhibits131: Sasol Ltd. - Key news
Exhibits132: Sasol Ltd. - Key offerings
Exhibits133: Sasol Ltd. - Segment focus
Exhibits134: Shell plc - Overview
Exhibits135: Shell plc - Business segments
Exhibits136: Shell plc - Key news
Exhibits137: Shell plc - Key offerings
Exhibits138: Shell plc - Segment focus
Exhibits139: Inclusions checklist
Exhibits140: Exclusions checklist
Exhibits141: Currency conversion rates for US$
Exhibits142: Research methodology
Exhibits143: Information sources
Exhibits144: Data validation
Exhibits145: Validation techniques employed for market sizing
Exhibits146: Data synthesis
Exhibits147: 360 degree market analysis
Exhibits148: List of abbreviations

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