Syngas & Derivatives Market by Production Technology, Gasifier Type, Feedstock (Coal, Natural Gas, Petroleum Byproducts, Biomass/Waste), Application (Chemicals, Fuel, and Electricity), and Region – Global Forecast to 2025

2020-06-25
Price :
Published : Jun-2020
No. of Pages : 261

The syngas & derivatives market is projected to grow at a CAGR of 10.6% between 2020 and 2025

The syngas & derivatives market is estimated at 2,45,557 MWth in 2020 and is projected to reach 4,06,860 MWth by 2025, at a CAGR of 10.6% from 2020 to 2025. Rising environmental concerns have been the major drivers for the growth of the syngas & derivatives market in order to provide alternative methods of fuel production. In addition, high demand for chemical intermediaries in the production of hygiene and sanitization and pharmaceutical products due to outbreak of COVID-19 is anticipated to fuel the growth of syngas and its derivatives in the chemical segment.

Impact of COVID-19 outbreak on the syngas & derivatives market

The COVID-19 outbreak started from Wuhan, China has spread across all the major economies in the world. The syngas & derivatives market has been slightly impacted due to the outbreak of COVID-19 as most of the syngas and its derivatives production plants are located in the countries that are highly impacted due to coronavirus. Also, major manufacturers of syngas and its derivatives have their headquarters and principal subsidiaries in the impacted countries. The disruption caused by the COVID-19 outbreak has impacted the supply chain of the syngas & derivatives market due to low demand fuel and as the production has slowed down in many manufacturing units of the end users.

However, manufacture of chemical intermediaries for health and hygiene products and fuels was marked as critical infrastructure and as essential goods and services, which led to continuation in the operations and production of syngas and its derivatives to meet the demand across the world. In the first half of 2020, companies operating in syngas & derivatives market focused on the production of chemical intermediaries to support the demand for agrochemicals and hygiene and sanitization products. Syngas was also widely used for electricity generation. Significant consumption of syngas and its derivatives is anticipated in applications across chemicals, fuel, and electricity.

Biomass/waste segment is projected to grow at the highest CAGR in the syngas & derivatives market between 2020 and 2025

Biomass/waste is projected to be the fastest growing feed stock segment in the syngas & derivatives market during the forecast period. Biomass and organic wastes are considered as renewable feed stocks that are available in high quantities in many countries. The application of biomass and organic wastes in the production of syngas & derivatives produces clean and renewable energy and reduces landfills to a great extent. The adoption of biomass/waste feed stock in the syngas & derivatives market is in the nascent stage. With increasingly stringent environmental regulations in developed countries, the biomass/waste segment is expected to grow at a rapid pace during the forecast period.

Chemicals segment contributed to the highest volume consumption in the syngas & derivatives market

The chemicals segment is estimated to lead the syngas & derivatives market in 2020, due to rising demand for syngas & derivatives such as methanol, ammonia, and FT synthesis products for the production of chemical intermediates. Chemicals such as methanol are used as an intermediate for the synthesis of many chemicals as well as in fuels. Ammonia being the major chemical used in the production of fertilizers is the prime reason for the growth of the chemicals segment for the syngas & derivatives market, subsequently due to COVID-19 impact fueling the growth of agrochemicals.

Based on the region, Asia Pacific is projected to grow at the highest CAGR in the syngas & derivatives market between 2020 and 2025

The syngas & derivatives market in the Asia Pacific region is projected to grow at the highest CAGR between 2020 and 2025. China accounted for the major share of the global syngas & derivatives market in 2019, which is driving the growth of the Asia Pacific region. China, India, and Japan are the lucrative markets for syngas & derivatives in the Asia Pacific region during the forecast period. The growth can be attributed to increasing demand for syngas & derivatives from the region’s chemical, fuel, and electricity industries, particularly in China and India.

Market Dynamics

Driver: Increasing demand for electricity

Presently, electricity is an indispensable utility across the globe. Syngas and its derivatives are used in the production of electricity through hydrogen or directly from syngas as a poly generation product. The electricity produced from syngas is clean and can be produced as a byproduct of feeds tocks such as coal, natural gas, petroleum byproducts, and biomass/wastes, among others.

According to the EIA (US Energy Information Administration), global energy consumption is expected to increase by over 80% by 2040, if the current consumption rate persists. This has led to an increased amount of electricity production. In 2018, worldwide electricity consumption was recorded at 22,964 TWh, which was an increase of over 3.5% from 2017. This is due to the rising per capita demand, coupled with the increased population.

Asia Pacific was the largest consumer of electricity (accounted for almost 50% of the global consumption) in the world, in 2018. Electricity demand in China grew as a result of its steady economic growth and industrial demand. In addition, electricity demand increased in India, South Korea, Japan, and Indonesia in 2018. Electricity consumption in the US, which dipped by 1% in 2017, rose again in 2018. The growth in the US was majorly observed in the residential sector as a result of high consumption by appliances such as air conditioners. Economic growth and industrial demand have also increased electricity consumption in Canada, Brazil, and Russia. Electricity consumption also increased in the Middle East & Africa, especially in Egypt and Iran.

Restraint: Significant capital investment

The production of syngas using any carbon-based source is a capital-intensive process. Companies must first identify the raw material that they can secure economical and uninterrupted supply of for a long period of time. Selecting and securing feed stock supply for syngas production requires significant R&D and funding. Once this is done, considerable R&D and FEED (Front End Engineering and Design) of the project are performed, which are also time- as well as capital-intensive phases.

The construction of syngas plants also requires high investment in terms of EPC or turnkey services, investment in technology, and procurement of gasifiers, among others. Post-construction phases such as maintenance, installation of technology, and others also require considerable capital investment. In addition, companies must meet compliance requirements in terms of environmental guidelines for the installation of syngas and derivatives plants. A period of more than 2-3 years is required for the completion of plant installation and commencement of functioning. The effect of this restraint is high on the present syngas & derivatives market.

Breakdown of primary interviews for the report on the syngas & derivatives market

  • By Company Type – Tier 1– 30%, Tier 2–50%, and Tier 3–20%
  • By Designation – C-Level–20%, D-Level Executives – 30%,and Others–50%
  • By Region – Europe – 40%, Asia Pacific– 30%, North America – 20%,Rest of the World – 10%

The leading manufacturers of syngas & derivatives profiled in this report include Sasol Limited (South Africa), Haldor Topsoe A/S (Denmark), Air Liquide S.A.(France), Siemens AG (Germany), Air Products and Chemicals Inc. (US), KBR Inc. (US), Linde plc (UK),BASF SE (Germany), TechnipFMC PLC (UK), McDermott  International,  Inc. (US), Mitsubishi Heavy Industries, Ltd. (Japan), Chiyoda Corporation (Japan), Synthesis Energy Systems, Inc. (US), Yara International ASA (Norway), Methanex Corporation (Canada), CF Industries Holdings, Inc. (US), Dow Inc. (US), and John Wood Group PLC (UK), among others.

Research Coverage

The report covers the syngas & derivatives market by production technology (steam reforming, partial oxidation, autothermal reforming, biomass gasification, and others), by gasifier type [fixed (moving) bed gasifier, entrained flow gasifier, fluidized bed gasifier, and others], by feed stock (coal, natural gas, petroleum byproducts, biomass/waste, and others), by application (chemicals, fuel, and electricity), and by region.The further breakdown of the application segment includes chemicals, by derivative (methanol, ammonia, and FT synthesis products), fuel, by form (liquid fuels and gaseous fuels), and electricity, by source (hydrogen and direct syngas consumption). The study aims at estimating the size and future growth potential of the market across various segments. It also includes an in-depth competitive analysis of the key market players, along with their profiles and key growth strategies.

Key Benefits of Buying the Report

From an insight perspective, this report focuses on various levels of analyses, such as industry analysis (industry trends) and company profiles. With these insights, the study discusses the basic views on the competitive landscape, emerging &high-growth segments, high-growth regions, drivers, restraints, opportunities, and challenges in the syngas & derivatives market.

The report provides insights on the following:

  • Market Penetration: Comprehensive information on various products of syngas & derivatives offered by top players operating in the market
  • Product Development/Innovation: Detailed insights into upcoming developments in the syngas & derivatives market, R&D activities, and new applications in various end-use industries in the market
  • Market Development: Comprehensive information about lucrative and emerging markets across different regions
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the syngas & derivatives market
  • Competitive Assessment: In-depth assessment of strategies, products, and manufacturing capabilities of leading players in the syngas & derivatives market
Filed in: Chemicals
Publisher : marketsandmarkets
More Reports
Title Price Buy Now

Antimicrobial Coatings Market by Type (Silver, Copper, Titanium dioxide), Application (Medical & Healthcare, Foods & Beverages, Building & Construction, HVAC system, Protective Clothing, Transportation), & Region – Global Forecast to 2025

“Stringent regulations and growing adoption among end-users are projected to drive the antimicrobial coatings market.” The global antimicrobial coatings market size is projected to grow from USD 3.3 billion in 2020 to USD 5.6 billion by 2025, at a compound annual growth rate (CAGR) of 10.7% between 2020 and 2025. The global market has witnessed growth primarily due to stringent government regulations to prevent the spread of healthcare-acquired infections (HAIs) and to ensure paramount safety & hygiene in the medical and healthcare sector. Due to the COVID-19 pandemic, the demand for antimicrobial coatings has been increasing drastically in the medical & healthcare industry. Factors such as technological advancement, new product development, and growing adoption among severa......
$4950

Rodenticides Market by Type (Non-anticoagulants, Anticoagulants (FGAR, SGAR)), End use (Agricultural fields, Warehouses, Residential, Commercial), Mode of application (Pellet, Spray, and Powder), Rodent type, and Region – Global Forecast to 2026

“Rising urbanizationis causing displacement of rodents which is driving the rodenticides market”. The global rodenticides market size is estimated to be valued at USD 4.9 billion in 2020 and is projected to reach USD 6.6 billion by 2026, recording a CAGR of 5.0%. The increase in demand for rodent pest control services from the hospitality and tourism sectors is the major opportunity in rodenticides market. The growth of this market is projected to remain high due to the growing population of rodents, an increase in urbanization, along with the rise in instances of crop losses and other economic damages caused by rodents. The rodenticides market has high growth potential in developing countries, such as the Asia Pacific region, as the economic conditions in several countries in th......
$4950

Green Ammonia Market by Technology (Alkaline Water Electrolysis (AWE), Proton Exchange Membrane (PEM), and Solid Oxide Electrolysis (SOE)), End User (Transportation, Power Generation, and Industrial Feedstock), and Region – Global Forecast to 2030

“The global green ammonia market is projected to grow at a CAGR of 54.9% from 2020 to 2030” The global green ammonia market is projected to reach USD 852 million by 2030 from an estimated USD 11 million in 2020, at a CAGR of 54.9% during the forecast period. Rising obligations to reduce green house gas emissions from traditional ammonia methods has driven the global green ammonia market growth.Furthermore, increased agriculture production and subsequent rise in fertilizer consumption is driving the green ammonia market. However, higher initial capital requirements for green ammonia plant infrastructures is likely to hamper the growth of green ammonia market. “The power generation segment, by end user, is expected to be the largest and the fastest growing market from 2020 to 203......
$5650

Biofertilizers Market by Form (Liquid, Carrier-Based), Mode of Application (Soil Treatment, Seed Treatment), Crop Type, Type (Nitrogen-Fixing, Phosphate Solubilizing & Mobilizing, Potash Solubilizing & Mobilizing), Region – Global Forecast to 2025

 “The biofertilizers market is projected to grow at a CAGR of 11.6%, in terms of value, driven by the growth in the organic food industry, initiatives by government agencies and increasing awareness about the need for sustainability in modern agriculture.” The biofertilizers market is estimated to be valued at USD 2.3 billion in 2020 and is projected to grow at a CAGR of 11.6%,recording a value of USD 3.9billion by 2025. The growth of the biofertilizers market is driven by the growing organic food industry, initiatives by government agencies, and increasing awareness about the need for sustainability in modern agriculture. Rising awareness of the hazards of chemical fertilizers is also accelerating market growth. However, environment and technological constraints along with poor i......
$4950

Fuel Additives Market by Type (Deposit Control, Cetane Improvers, Lubricity Improvers, Cold Flow Improvers, Stability Improvers, Octane Improvers, Corrosion Inhibitors), Application (Diesel, Gasoline, Aviation Fuel) – Global Forecast to 2025

“Stringent governmental regulations are expected to drive the fuel additives market.” The fuel additives market is projected to reach USD 6.8 billion by 2025, at a CAGR of 3.2% between 2020 and 2025. The fuel additives market is largely driven by stringent government regulations in developed countries. Governments all over the world are imposing stringent environmental regulations to address growing concerns about the harmful effects of greenhouse gas (GHG) emissions.On the other hand, the rise in demand for alternate fuels is restraining the market. “The lubricity improvers segment is expected to be the fastest-growing type of fuel additives, in terms of value, between 2020 and 2025.” The lubricity improvers segment is expected to witness the highest growth, in terms of v......
$4950

Blowing Agents Market by Type (HC, HFC, HCFC), BY Foam (Polyurethane Foam, Polystyrene Foam, Phenolic Foam, Polyolefin Foam), and Region (APAC, North America, Europe, Middle East & Africa, South America) – Global Forecast to 2025

“Growing use of polymer foam in industries such as construction, automotive, and electronics to drive the blowing agent market.” The blowing agent market size is estimated to be USD 1.1 billion in 2020 and is projected to reach USD 1.6 billion by 2026, at a CAGR of 9.5%.The increasing polymeric foam application in industries such as packaging, automotive, building & construction, marine, transportation, appliances, bedding & furniture, and packaging industry is expected to drive the blowing agent market. Further, the increasing blowing agent usage in developing economies, mainly in the construction industry, is expected to boost the blowing agent consumption.The construction sector is a significant consumer of PIR/ PUR board, XPS board, and sandwich panels, which majorly ......
$4950

Microcapsule Market by Technology (Spray, Emulsion, Dripping), End-use Industry (Pharmaceutical & Healthcare, Food & Beverage, Household & Personal Care, Textile, Agrochemical, Others), Shell Material, Core Material, and Region – Global Forecast to 2025

“The microcapsule market is projected to grow at a CAGR of 9.8% from 2020 to 2025, in terms of value.” The microcapsule market is projected to grow from USD 8.7 billion in 2020 to USD 13.9 billion by 2025, at a CAGR of 9.8% from 2020 to 2025. The major reasons for the growth of the microcapsule market include increasing demand from the food industry, high demand from the pharmaceutical industry, rising demand from the agrochemical sector, increased R&D activities for process efficiency to enhance market penetration, and widespread applications of microcapsules “The melamine segment is estimated to lead the microcapsule market in terms of value from 2020 to 2025.” By shell material, the melamine segment is projected to grow with the highest CAGR during the forecast peri......
$5650

Nematicides Market by Type (Fumigants, Carbamates, Organophosphates, Bionematicides), Mode of Application (Fumigation, Drenching, Soil Dressing, Seed Treatment), Nematode Type (Root Knot, Cyst), Crop Type, Form, and Region – Global Forecast to 2025

 “Growing infestation of nematodes and increasing demand for high quality crops are set to drive the nematicides market”. The global nematicides market size is estimated to be valued at USD 1.3 billion in 2020 and is projected to reach USD 1.6 billion by 2025, recording a CAGR of 3.4%. The usage of biologicals and the provision of customized solutions targeted toward specific pests are some of the opportunities in the nematicides market. The adoption of nematicides has gained huge market share in the last few years due to the increased infestation of nematodes affecting the growth of the plants. The growth in population and consequent increase in demand for food has led to conventional agriculture being highly dependent on chemicals for pest control and elimination. But the rise......
$4950

Lubricants Market by Base Oil (Mineral Oil, Synthetic Oil, Bio-based Oil), Product Type (Engine Oil, Hydraulic Fluid, Metalworking Fluid), Application (Transportation and Industrial lubricants), Region – Global Forecast to 2025

“Global lubricants market projected to grow at a CAGR of 3.0% during the forecast period.” The global lubricants market size is projected to reach USD 182.6 billion by 2025 from USD 157.6 billion in 2020, at a CAGR of 3.0%. The growth is anticipated primarily due to development in Asia Pacific and the Middle East & Africa region post COVID-19 recovery, coupled with the rise in the Industrial sector. The factors restraining the growth of this market are the high cost of synthetic and bio-based lubricants. “Mineral oil was the largest segment of the lubricants market.” Mineral oil was the largest segment in the global lubricants market in 2019. The easy availability and low cost of mineral oil-based lubricants are expected to drive the market in the transportation applic......
$4950

Cosmetic Applicator Foam Market by Shape (Egg-shaped Sponges, Cosmetic Wedges, Others), Material Type (PU, Others), Region (North America, Asia Pacific, Europe, South America, Middle East & Africa) – Global Forecast to 2025

“The cosmetic applicator foam market is projected to grow at a CAGR of 10.6% from 2020 to 2025, in terms of value.” The cosmetic applicator foam market is projected to grow from USD 854 million in 2020 to USD 1,416 million by 2025, at a CAGR of 10.6% from 2020 to 2025. The growing cosmetic industry and the benefits of cosmetic applicator foams are the major factors driving the market for cosmetic applicator foam. “The cosmetic wedges segment is projected to grow at the highest CAGR during the forecast period.” Based on shape, the cosmetic wedges segment of the market is projected to register the highest CAGR during the forecast period. The key factors driving the growth of cosmetic wedges segment is its unique, user-friendly design, and competitive pricing. Cosmetic wedges......
$5650
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy