Global Syngas Market 2023-2027
The syngas market is forecasted to grow by USD 14916.64 mn during 2022-2027, accelerating at a CAGR of 6.2% during the forecast period. The report on the syngas 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 rising application of syngas, increasing investments in sustainable energy, and feedstock flexibility for syngas production.
Technavio's syngas market is segmented as below:
By Application
By Feedstock
- Coal
- Natural gas
- Petroleum byproducts
- Biomass/waste
- Others
By Geography
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the rising demand for bio-based feedstock as one of the prime reasons driving the syngas market growth during the next few years. Also, rising adoption of unground coal gasification and rising number of strategic partnerships and alliances will lead to sizable demand in the market.
The report on the syngas market covers the following areas:
- Syngas market sizing
- Syngas market forecast
- Syngas 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 syngas market vendors that include Air Liquide SA, Air Products and Chemicals Inc., BASF SE, BP Plc, Chevron Corp., Chiyoda Corp., ENERKEM Inc., General Electric Co., IHI Aerospace Co. Ltd., John Wood Group PLC, Linde Plc, McDermott International Ltd., Methanex Corp., Mitsubishi Heavy Industries Ltd., Sasol Ltd., Shell plc, Siemens AG, Synthesis Energy Systems Inc., TechnipFMC plc, thyssenkrupp AG, and Topsoes AS. Also, the syngas 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 research - both primary and secondary. 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 the accurate market growth.