Global Syngas Market Research Report and Forecast 2022-2027
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Report Description and Highlights
Report Description
Global Syngas Market Outlook 2027: According to the latest report by IMARC Group, titled " Syngas Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global syngas market reached a volume of 308.8 GWth in 2021. Syngas, or synthetic gas, is generally produced by the pyrolysis or gasification of carbonaceous materials. Apart from this, it can also be derived from natural gas, fossil fuels and electrocatalytic reduction of carbon dioxide. It is a mixture of hydrogen, carbon monoxide and carbon dioxide that is highly flammable in nature. As a result, it is extensively utilized for various industrial applications, such as generating synthetic natural gas (SNG) and methanol. Along with this, it is also used as a fuel in electricity generation and internal combustion engines. Request for a free sample: https://www.imarcgroup.com/atm-market/requestsample
Report Description and Highlights
Report Description
Global Syngas Market Trends: The global market is primarily driven by significant growth across the oil and gas industry. In line with this, continuous technological advancements across the sector are providing a boost to the market growth. For instance, the introduction of underground coal gasification (UGC) technology for converting coal into syngas is catalyzing the market growth since it reduces the need for transporting feedstock to the gasification plants. Moreover, the increasing utilization of syngas in the form of compressed natural gas (CNG) and liquefied natural gas (LNG) in the marine and transportation sectors is impacting the market growth favorably. Additionally, the widespread adoption of syngas across the power generation plants, along with the rising usage of the product to produce diesel and gasoline, is creating a positive outlook for the market. The market is further driven by the rising application of syngas in the manufacturing of nitrogen-based fertilizers across the agricultural sector. Other factors, including rapid industrialization, the increasing product adoption in waste management and extensive research and development (R&D) activities conducted by key players, are further contributing to the market growth.
Report Description and Highlights Report Description Market Summary: Breakup by Gasifier Type: • Fixed Bed • Fluidized Bed • Entrained Flow Breakup by Feedstock: • Coal • Natural Gas • Petroleum • Pet-Coke • Biomass and Waste Breakup by Technology: • Steam Reforming • Partial Oxidation • Combined or Two-Step Reforming • Auto Thermal Reforming
Report Description and Highlights Report Description Breakup by End-Use: • Chemicals • Liquid Fuels • Gaseous Fuels • Power Generation Breakup by Region: • North America • Asia Pacific • Europe • Middle East and Africa • Latin America
Looking forward, IMARC Group expects the market to reach 574.5 GWth by 2027, exhibiting at a CAGR of 10.3% during 2022-2027.
Report Description and Highlights Report Description Competitive Landscape With Key players: • Air Products and Chemicals • Air Liquide • BASF SE • BP PLC • Royal Dutch Shell • Siemens • The Linde Group • General Electric • Dakota Gasification Company • SynGas Technology LLC • TechnipFMC PLC • OXEA GmbH • Yara • John Wood Group • ECUST View Report TOC, Figures and Tables: https://www.imarcgroup.com/syngas-market
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Report Description and Highlights
Report Description
© 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.
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