MARKET INTELLIGENCE . CONSULTING www.techsciresearch.com GLOBAL SYNGAS AND DERIVATIVES MARKET FORECAST AND OPPORTUNITIES 2017 – 2027
6.1. List of Major Existing & Upcoming Syngas (HyCo) Projects
6.1.1. By Ownership
6.1.2. By Capacity (Nm3/h) 7. Global Syngas & Derivatives Market Outlook, 2017-2027F
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Production Technology (Partial Oxidation, Steam Reforming, Autothermal Reforming, Biomass Gasification, Others)
7.2.2. By Gasifier Type (Entrained Flow Gasifier, Fixed (Moving) Bed Gasifier, Fluidized Bed Gasifier, Others)
7.2.3. By Feedstock (Natural Gas, Coal, Petroleum By products, Biomass/Waste)
7.2.4. By Application (Chemicals & Fertilizer, Fuel, and Electricity)
7.2.4.1. By Chemical Derivatives (Ammonia, Methanol, Others)
7.2.5. By Consumption (Captive, Merchant)
7.2.6. By Region
7.2.7. By Company (2021) 8. Asia Pacific Syngas & Derivatives Market Outlook
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Table
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S. No. Contents 1. Product Overview
Research Methodology
Executive Summary
Voice of Customer 5. Impact of COVID-19 on Global Syngas & Derivatives Market 6. Global Syngas & Derivatives Market Overview
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8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Production Technology
8.2.2. By Gasifier Type
8.2.3. By Feedstock
8.2.4. By Application 8.2.4.1. By Chemical Derivatives
8.2.5. By Consumption 8.2.6. By Country
8.3. Asia-Pacific: Country Analysis
8.3.1. China Syngas & Derivatives Market Outlook
8.3.1.1. Market Size & Forecast 8.3.1.1.1. By Value & Volume 8.3.1.2. Market Share & Forecast 8.3.1.2.1. By Production Technology 8.3.1.2.2. By Application
8.3.2. India Syngas & Derivatives Market Outlook
8.3.2.1. Market Size & Forecast 8.3.2.1.1. By Value & Volume
8.3.2.2. Market Share & Forecast 8.3.2.2.1. By Production Technology 8.3.2.2.2. By Application
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8.3.3. Australia Syngas & Derivatives Market Outlook
8.3.3.1. Market Size & Forecast 8.3.3.1.1. By Value & Volume 8.3.3.2. Market Share & Forecast 8.3.3.2.1. By Production Technology 8.3.3.2.2. By Application
8.3.4. South Korea Syngas & Derivatives Market Outlook
8.3.4.1. Market Size & Forecast 8.3.4.1.1. By Value & Volume 8.3.4.2. Market Share & Forecast 8.3.4.2.1. By Production Technology 8.3.4.2.2. By Application
8.3.5. Japan Syngas & Derivatives Market Outlook
8.3.5.1. Market Size & Forecast 8.3.5.1.1. By Value & Volume 8.3.5.2. Market Share & Forecast 8.3.5.2.1. By Production Technology 8.3.5.2.2. By Application
9. Middle East & Africa Syngas & Derivatives Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Production Technology
9.2.2. By Gasifier Type
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9.2.3. By Feedstock
9.2.4. By Application
9.2.4.1. By Chemical Derivatives
9.2.5. By Consumption
9.2.6. By Country
9.3. Middle East & Africa : Country Analysis
9.3.1. Saudi Arabia Syngas & Derivatives Market Outlook
9.3.1.1. Market Size & Forecast 9.3.1.1.1. By Value & Volume 9.3.1.2. Market Share & Forecast 9.3.1.2.1. By Production Technology 9.3.1.2.2. By Application
9.3.2. South Africa Syngas & Derivatives Market Outlook
9.3.2.1. Market Size & Forecast 9.3.2.1.1. By Value & Volume 9.3.2.2. Market Share & Forecast 9.3.2.2.1. By Production Technology 9.3.2.2.2. By Application
9.3.3. UAE Syngas & Derivatives Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value & Volume
9.3.3.2. Market Share & Forecast 9.3.3.2.1. By Production Technology 9.3.3.2.2. By Application
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10. Europe Syngas & Derivatives Market Outlook
10.1. Market Size & Forecast 10.1.1. By Value & Volume
10.2. Market Share & Forecast 10.2.1. By Production Technology 10.2.2. By Gasifier Type 10.2.3. By Feedstock 10.2.4. By Application
10.2.4.1. By Chemical Derivatives 10.2.5. By Consumption 10.2.6. By Country
10.3. Europe: Country Analysis
10.3. Europe: Country Analysis
10.3.1. Russia Syngas & Derivatives Market Outlook 10.3.1.1. Market Size & Forecast 10.3.1.1.1. By Value & Volume 10.3.1.2. Market Share & Forecast 10.3.1.2.1. By Production Technology 10.3.1.2.2. By Application
10.3.2. Germany Syngas & Derivatives Market Outlook 10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value & Volume 10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Production Technology
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10.3.2.2.2. By Application
10.3.3. United Kingdom Syngas & Derivatives Market Outlook
10.3.2.1. Market Size & Forecast 10.3.2.1.1. By Value & Volume 10.3.2.2. Market Share & Forecast 10.3.2.2.1. By Production Technology 10.3.2.2.2. By Application
10.3.4. France Syngas & Derivatives Market Outlook
10.3.4.1. Market Size & Forecast 10.3.4.1.1. By Value & Volume 10.3.4.2. Market Share & Forecast 10.3.4.2.1. By Production Technology 10.3.4.2.2. By Application
10.3.5. Italy Syngas & Derivatives Market Outlook 10.3.5.1. Market Size & Forecast 10.3.5.1.1. By Value & Volume 10.3.5.2. Market Share & Forecast 10.3.5.2.1. By Production Technology 10.3.5.2.2. By Application
11. North America Syngas & Derivatives Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value & Volume
11.2. Market Share & Forecast 11.2.1. By Production Technology
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11.2.2. By Gasifier Type 11.2.3. By Feedstock 11.2.4. By Application 11.2.4.1. By Chemical Derivatives 11.2.5. By Consumption 11.2.6. By Country
11.3. North America: Country Analysis
11.3.1. United States Syngas & Derivatives Market Outlook 11.3.1.1. Market Size & Forecast 11.3.1.1.1 By Value & Volume 11.3.1.2. Market Share & Forecast 11.3.1.2.1 By Production Technology 11.3.1.2.2 By Application
11.3.2. Canada Syngas & Derivatives Market Outlook 11.3.2.1. Market Size & Forecast 11.3.2.1.1 By Value & Volume 11.3.2.2. Market Share & Forecast 11.3.2.2.1 By Production Technology 11.3.2.2.2 By Application
11.3.3. Mexico Syngas & Derivatives Market Outlook
11.3.3.1. Market Size & Forecast 11.3.3.1.1 By Value & Volume 11.3.3.2. Market Share & Forecast
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11.3.3.2.1. By Production Technology 11.3.3.2.2. By Application
12. South America Syngas & Derivatives Market Outlook
12.1. Market Size & Forecast
12.1.1. By Value & Volume
12.2. Market Share & Forecast
12.2.1. By Production Technology 12.2.2. By Gasifier Type 12.2.3. By Feedstock 12.2.4. By Application
12.2.4.1. By Chemical Derivatives 12.2.5. By Consumption 12.2.6. By Country
12.3. South America : Country Analysis
12.3.1. Argentina Syngas & Derivatives Market Outlook 12.3.1.1. Market Size & Forecast 12.3.1.1.1. By Value & Volume 12.3.1.2. Market Share & Forecast 12.3.1.2.1. By Production Technology 12.3.1.2.2. By Application
12.3.2. Brazil Syngas & Derivatives Market Outlook 12.3.2.1. Market Size & Forecast
12.3.2.1.1. By Value & Volume
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12.3.2.2. Market Share & Forecast
12.3.2.2.1. By Production Technology 12.3.2.2.2. By Application
12.3.3. Brazil Syngas & Derivatives Market Outlook
12.3.3.1. Market Size & Forecast
12.3.3.1.1. By Value & Volume 12.3.3.2. Market Share & Forecast 12.3.3.2.1. By Production Technology 12.3.3.2.2. By Application
13. Market Dynamics
13.1. Drivers 13.2. Challenges 14. Market Trends and Developments
15. Competitive Landscape
15.1. Linde PLC
15.2. Air Liquide S.A.
15.3. Air Products and Chemicals, Inc
15.4. Yingde Gases Group Company
15.5. Sasol Limited
15.6. Saudi Aramco Oil Company
15.7. TechnipFMC PLC
15.8. Messe Group GmbH
15.9. Haldor Topsoe A/S
15.10 Nippon Sanso Holdings Corporation
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Table of Contents S. No. Contents 16. Strategic Recommendations 17. About Us & Disclaimer
Product Overview
13 © TechSci Research Scope of Report Service of Interest (POI): Syngas and Derivatives Market Synthesis gas is a generic term for raw gas produced from feedstock hydrocarbons and consisting of hydrogen and carbon monoxide as primary components and secondary components including CO2, methane, etc. Syngas is an intermediate for producing chemicals, fertilizers, fuel and electricity. Major derivatives include methanol, ammonia, high-speed diesel, polymers, etc. It is an intermediate product that may be further processed in various ways to produce multiple energy products, such as electricity and gaseous or liquid high-quality fuels that can be utilized as transportation fuels. Review Period 2017 – 2020 Base Year 2021 Estimated Year 2022 Forecast Period 2023 – 2027 Year Range Market Segmentation PRODUCTION TECHNOLOGY • Steam Reforming • Partial Oxidation • Autothermal Reforming • Biomass Gasification • Others REGION • North America • Asia-Pacific • Europe • Middle East & Africa • South America • Fixed (Moving) Bed Gasifier • Entrained Flow Gasifier • Fluidized Bed Gasifier • Others GASIFIER TYPE FEEDSTOCK • Coal • Natural Gas • Petroleum By Product • Biomass/Waste APPLICATION • Chemicals and Fertilizers • Fuel • Electricity CONSUMPTION • Captive • Merchant
Research Methodology
Market Profiling Data Validation Data Analysis
Formulating Questionnaire
In-depth secondary research was conducted to determine the overall market size, segmental market size and top companies in the Global Syngas and Derivatives Market.
In order to conduct industry experts’ interviews, TechSci Research formulated a detailed discussion guide.
Developing list of respondents
List of leading companies and industry specialists was developed.
Data Collection
TechSci Research conducted interviews with industry experts and leading companies for data collection and verification.
Data obtained as a result of primary and secondary research was validated through rigorous triangulation.
The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the Global Syngas and Derivatives Market.
15 © TechSci Research Research Methodology
Identifying Key Opinion Leaders
Questionnaire Design
In-depth Interviews
Data Collection Data Filter & Analysis Research & Intelligence Actionable Insights Business Solution Primary Research Desk Research Company Analysis Recent Developments Market Changing Aspects/Dynamics Government Policies Final Conclusion Market Participants Key Strengths LinkedIn TechSci Research Internal Database LinkedIn TechSci Research Internal Database EMIS Factiva Hoovers EMIS Factiva Hoovers Paid Sources Paid Sources Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc. Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc. Secondary Research Secondary Research Primary Research Primary Research
Research Methodology
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of the Global Syngas and Derivatives Market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as increasing greenhouse emission which is resulting in demand for cleaner alternatives such as syngas, and supportive government policies such as net zero emission 2050, among others are driving the Global Syngas and Derivatives Market. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the Global Syngas and Derivatives Market.
Methodology Followed for Calculation of Market Size:
• Market Size by Value & Volume: Market size, in terms of value & volume, for the year 2021 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as Syngas manufacturer companies, channel partners, end-users, industry experts and other industry participants.
• The team interviewed 10 manufacturers, 15 suppliers and 12 industry experts and other value chain stakeholders in the Global Syngas and Derivatives Market to obtain the overall market size between 2017 and 2021, which was validated by the Delphi technique. Respondents were asked about the current and future market growth rates, market shares by production technology, by gasifier type, by feedstock, by application, by chemical derivatives, by consumption, by region and by company. Removing the outlier responses, the geometric mean of growth estimates and category wise revenue shares generated across various segments were considered to arrive at the final revenue shares.
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Research Methodology
Revenue shares generated across various segments were further triangulated based on the response received from other stakeholders.
Methodology Followed for Calculation of Market Shares:
• Market shares by production technology, by gasifier type, by feedstock, by application, by chemical derivatives, by consumption, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of the Global Syngas and Derivatives Market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers.
Methodology Followed for Forecasting:
• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results. Data triangulation techniques were applied to fill the gaps and present a more meaningful picture of the market. To forecast the Global Syngas and Derivatives Market, TechSci Research used various forecast techniques such as:
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Moving Average Time Series Analysis Regression Analysis Econometric and Judgmental Analysis
18 © TechSci Research Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries, globally. TechSci Research also used the impact analysis during short, medium, and long term period to estimate the demand and to reach accurate market numbers. The currency used in the report is the United States Dollar (with the market size indicated in USD million). Partial List of Companies Interviewed Key Secondary Sources Linde PLC Air Liquide S.A. Air Products and Chemicals, Inc. Yingde Gases Group Company Sasol Limited Saudi Arabian Oil Company TechnipFMC PLC Messer Group GmbH Haldor Topsoe A/S Nippon Sanso Holdings Corporation TechSci Research Research Proprietary Database & Knowledge Repository Company Annual Reports United Nation Ministry of Corporate Affairs (MCA) Worldometer World Bank Industry Magazines News Dailies IMF Credible Paid Database Industry Reports Credible Paid Databases OECD
Industry Brief
The increasing use of syngas in chemical industry is driving the growth in Global Syngas & Derivatives Market in the forecast period.
According to TechSci Research report, “Syngas & Derivatives Market - Global Industry Size, Share, Trends, Competition, Opportunities and Forecast, 2017-2027”, the Global Syngas & Derivatives Market stood at USD248.89 billion in 2021 and is expected to grow at a CAGR of 6.27% during the forecast period. Syngas can be used to make a variety of chemical monomers, including phosgene, which is used to make polycarbonate, as well as formic acid, acetic acid, formaldehyde, alcohols, ammonia, aldehydes, methanol, Fischer-Tropsch diesel fuel, waxes, lubricants, and naphtha, which is contributing to the growth of Global Syngas & Derivatives Market during the next five years, till 2027. It is possible to reduce carbon emissions by increasing the use of renewable and low-carbon gases (such as biomethane, syngas, and hydrogen) and developing carbon capture, utilization, and storage (CCUS) technology. Economies looking to cut greenhouse gas emissions might concentrate on mixing CO2 and H2 to create synthetic fuels like syngas and methanol. Various chemicals and polymers can be produced using primary chemical feedstock like syngas and methanol. The global market for syngas and derivatives is expanding as consumers turn more frequently to synthetic fuel since it emits fewer greenhouse gases. The governments of different nations are adopting several actions to reduce greenhouse gases, which are the primary reason behind global warming. The Indian government recently gave instructions to Coal India Ltd (CIL) and Singareni Collieries Company Ltd (SCCL) to add a new subsector regarding the auction of coal linkages to the Non-Regulated Sector and to establish a separate auction window for the allocation of coal linkages to coal gasification projects (NRS). The Coal Block Allocation Rules, 2017 of India have already designated the production of Syngas as one of the end-use sectors.
The Global Syngas & Derivatives Market is segmented based on Production Technology, Gasifier Type, Feedstock, Application, Chemical Derivatives, Consumption and Regional Distribution, and Company. Based on Application, the market is further divided into Chemicals & Fertilizer, Fuel, Electricity. Chemicals & Fertilizer segment dominated the market in 2021 with an overall market share of 54.83%. This can be ascribed to the growing environmental concerns and awareness worldwide which has significantly increased the demand for green chemicals all across the globe. Syngas and derivatives are frequently utilized in the production of various chemicals, which can then be used to create products like oxo chemicals, petrochemicals, and fertilizers. Syngas can be used to create a variety of compounds, depending on the proportion of hydrogen to carbon monoxide. Based on Chemical Derivatives the market is further divided into Ammonia, Methanol, Others. The Ammonia segment dominated the market in 2021 on account of the widespread use of Global Syngas & Derivatives.
Some of the major companies operating in the Global Syngas & Derivatives Market include Linde PLC, Air Liquide S.A., Air Products and Chemicals, Inc, Yingde Gases Group Company, Sasol Limited, Saudi Aramco Oil Company, TechnipFMC PLC, Messe Group GmbH, Haldor Topsoe A/S, Nippon Sanso Holdings Corporation
“Low-quality coals are widely available and less expensive. Since poor-quality coal has a lower ability to generate electricity, it is not used in the energy industry. Due to low coal prices and simple availability, poor-grade coal is increasingly being gasified because it is an environmentally friendly process. Syngas, which have a variety of uses in chemical engineering, can be produced by gasifying low-grade coals. Additionally, the demand for syngas has increased by the 50.86% efficiency of low-quality coal in the generation of syngas," said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.
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20 © TechSci Research Sample Data- Snapshot 2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F Value (USD Billion) Global Syngas & Derivatives Market Size, By Value (USD Billion), 2017-2027F CAGR 2017-2021 By Value: xx% CAGR 2022E-2027F By Value: xx% 2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F Asia Pacific Syngas & Derivatives Market Share, By Production Technology, By Volume, 2017-2027F 2017 2018 2019 2020 2021 2022E 2023F 2024F 2025F 2026F 2027F China Syngas & Derivatives Market Share, By Application, By Volume, 2017-2027F
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TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.
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