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Syngas Market Share, Size, Trends, Industry Segments, Growth, Leading Players, Regional Analysis with Global Forecast to 2023

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Syngas Market Share, Size, Trends, Industry Segments, Growth, Leading Players, Regional Analysis with Global Forecast to 2023

April 18
03:20 2020
Syngas Market Share, Size, Trends, Industry Segments, Growth, Leading Players, Regional Analysis with Global Forecast to 2023

Syngas Market: Growth of Emerging Economies in Asia-Pacific is expected to drive Market Growth from 2018 to 2023
Syngas Market: Information by Feedstock (Plastic Waste, Biomass, Petroleum Coke), Process (Steam Reforming, Partial Oxidation), Gasifier (Fixed Bed, Entrained Bed), Application (Industrial Gases, Chemical Synthesis), Region — Global Forecast till 2023

Regional Forecast:

The Global Syngas Market has been segmented into Five Regions—Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Asia-Pacific accounted for the majority of the market share in 2017 due to the high demand for Syngas in power generation and fertilizers. The rising demand for fertilizers such as ammonium nitrate on account of the rapid industrialization and urbanization in emerging economies such as India, Thailand, Vietnam, and Malaysia. Moreover, this industrialization and urbanization increases the demand for electricity in the region, which further fuels the demand for Syngas. Its use for methanol production, which is used for production of plastics, resins, pharmaceuticals, adhesives, and paints is another factor driving the regional market.

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The European and North American market is expected to showcase significant growth due to the extensive of Syngas in chemical production, which are further used in end-use industries such as automotive, construction, electronics, aerospace, and military & defense. The high production and sales of automotive parts in Europe and the high demand for wireless electronics as well as the presence of most powerful military powers in the North America is expected to propel the demand for Syngas in these regions.

The Latin American Market is expected to witness substantial growth due to the growth of the agrochemical and chemical industries in countries such as Brazil, Mexico, and Argentina.

The presence of abundant oil & gas reservoirs in the Middle East & African region and the use of syngas in refineries to extract more diesel and gasoline from crude oil is projected to drive the market in this region.

Key Players:

Some of the manufacturers operating in the Global Syngas Market are Air Products and Chemicals, Inc (US), Air Liquide (France), The Linde Group (Germany), Sasol (South Africa), Shell (Netherlands), Synthesis Energy Systems, Inc. (US), Yankuang Group (China). This report also includes customer profile for syngas such as Methanex (Canada), Yara International (Norway), BASF SE (Germany), and HELM AG (Germany).

Segmentation:

The Global Syngas Market has been segmented on the basis of Feedstock, Process, Gasifier, Application, and Region.

Based on Feedstock, the market has been segmented into plastic waste, biomass, petroleum coke, coal, municipal solid waste, water treatment plant sludge, and others.

On the basis of Process, the market is categorized into pyrolysis, gasification, steam reforming, partial oxidation, autothermal reforming, and others.

The gasifier used in production of Syngas include fixed bed, entrained bed, fluidized bed, and others.

By Application, the market has been segmented into industrial gases, chemical synthesis, fuels, power generation, fertilizers, and others. The chemical synthesis segment is further categorized into ethanol, methanol, ammonia, oxo chemicals, n-butanol, dimethyl ether, dimethyl carbonate, sulfates, and others.

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