Syngas, short for synthesis gas, is a mixture of carbon monoxide (CO) and hydrogen (H2). It is typically produced through various gasification or reforming processes, such as coal gasification, biomass gasification, or steam reforming of natural gas. Syngas is a versatile fuel and chemical feedstock that has several applications. The key factors driving the market growth are rising demand in chemical industry and growing environmental awareness and government regulations on the use of renewable fuel is anticipated to support the market growth. Furthermore, benefits associated with syngas such as lower energy costs, increased stability, and its usage to fuel petrol engines for power generation increase its global demand. Furthermore, the development of the method of underground coal gasification (UCG), which allows the completion of the in-situ gasification process that converts coal into syngas. This, in turn, increases demand since it eliminates the requirement to transport feedstock to gasification units, resulting in significant cost savings.
Moreover, the growing chemical industry plays a significant role in supporting the growth of the Syngas (synthesis gas) market. The syngas is a crucial feedstock for the production of a wide range of chemicals, including methanol, ammonia, and synthetic fuels. These chemicals serve as building blocks for numerous downstream products in the chemical industry. Thus, the growing chemical industry is anticipated to create the lucrative demand for the market. According to Statista, in 2020 the global chemical industry was valued USD 3,817.6 billion and the industry growing significantly and reached USD 4,732.1 billion in 2021. Additionally, growing demand for power generation is anticipated to create the lucrative opportunity for the market during forecast period. However, the high capital investments stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Syngas Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the presence of key market players, growing refinery industry and ammonia production, rising demand from fuel applications, and growing chemical industry in the region. Whereas, the Asia Pacific region is expected to grow at fastest growth rate during the forecast period, owing to factors such as the cohesive government initiatives, growing chemical industry, growing demand for clean fuel, and growing demand in power generation application.
Major market player included in this report are:
- Royal Dutch Shell Plc.
- The Linde Group
- BASF SE
- Sasol Limited
- SIEMENS AG
- Syngas Energy Holdings
- John Wood Group
- Air Products and Chemicals Inc.
- Air Liquide
- SynGas Technology LLC
Recent Developments in the Market:
- In June 2022, Shell PLC has signed into a decarbonization agreement for natural gas and carbon capture, utilisation, and sequestration (CCUS) projects with Tokyo Gas Co. and Osaka Gas Co. By 2030, these Japanese enterprises may seek to replace 1% of the present gas supply with biomethane-based synthetic gas, or syngas.
Global Syngas Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Gasifier, Technology, Feedstock, Application, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Gasifier:
- Moving Bed Gasifier
- Fluidized Bed Gasifier
- Entrained Flow Gasifier
- Others
By Technology:
- Steam Reforming
- Partial Oxidation
- Autothermal Reforming
- Combined or Two-step Reforming
- Biomass Gasification
By Feedstock:
- Natural Gas
- Coal
- Biomass/Waste
- Others
By Application:
- Power Generation
- Chemicals
- Others
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Syngas Market, by region, 2020-2030 (USD Billion)
- 1.2.2. Syngas Market, by Gasifier, 2020-2030 (USD Billion)
- 1.2.3. Syngas Market, by Technology, 2020-2030 (USD Billion)
- 1.2.4. Syngas Market, by Feedstock, 2020-2030 (USD Billion)
- 1.2.5. Syngas Market, by Application, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Syngas Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Syngas Market Dynamics
- 3.1. Syngas Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising demand in chemical industry
- 3.1.1.2. Growing environmental awareness and government regulations on the use of renewable fuel
- 3.1.2. Market Challenges
- 3.1.2.1. High capital investments
- 3.1.3. Market Opportunities
- 3.1.3.1. Growing demand in power generation
Chapter 4. Global Syngas Market: Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Syngas Market, by Gasifier
- 5.1. Market Snapshot
- 5.2. Global Syngas Market by Gasifier, Performance - Potential Analysis
- 5.3. Global Syngas Market Estimates & Forecasts by Gasifier 2020-2030 (USD Billion)
- 5.4. Syngas Market, Sub Segment Analysis
- 5.4.1. Moving Bed Gasifier
- 5.4.2. Fluidized Bed Gasifier
- 5.4.3. Entrained Flow Gasifier
- 5.4.4. Others
Chapter 6. Global Syngas Market, by Technology
- 6.1. Market Snapshot
- 6.2. Global Syngas Market by Technology, Performance - Potential Analysis
- 6.3. Global Syngas Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
- 6.4. Syngas Market, Sub Segment Analysis
- 6.4.1. Steam Reforming
- 6.4.2. Partial Oxidation
- 6.4.3. Autothermal Reforming
- 6.4.4. Combined or Two-step Reforming
- 6.4.5. Biomass Gasification
Chapter 7. Global Syngas Market, by Feedstock
- 7.1. Market Snapshot
- 7.2. Global Syngas Market by Feedstock, Performance - Potential Analysis
- 7.3. Global Syngas Market Estimates & Forecasts by Feedstock 2020-2030 (USD Billion)
- 7.4. Syngas Market, Sub Segment Analysis
- 7.4.1. Natural Gas
- 7.4.2. Coal
- 7.4.3. Biomass/Waste
- 7.4.4. Others
Chapter 8. Global Syngas Market, by Application
- 8.1. Market Snapshot
- 8.2. Global Syngas Market by Application, Performance - Potential Analysis
- 8.3. Global Syngas Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 8.4. Syngas Market, Sub Segment Analysis
- 8.4.1. Power Generation
- 8.4.2. Chemicals
- 8.4.3. Others
Chapter 9. Global Syngas Market, Regional Analysis
- 9.1. Top Leading Countries
- 9.2. Top Emerging Countries
- 9.3. Syngas Market, Regional Market Snapshot
- 9.4. North America Syngas Market
- 9.4.1. U.S. Syngas Market
- 9.4.1.1. Gasifier breakdown estimates & forecasts, 2020-2030
- 9.4.1.2. Technology breakdown estimates & forecasts, 2020-2030
- 9.4.1.3. Feedstock breakdown estimates & forecasts, 2020-2030
- 9.4.1.4. Application breakdown estimates & forecasts, 2020-2030
- 9.4.2. Canada Syngas Market
- 9.5. Europe Syngas Market Snapshot
- 9.5.1. U.K. Syngas Market
- 9.5.2. Germany Syngas Market
- 9.5.3. France Syngas Market
- 9.5.4. Spain Syngas Market
- 9.5.5. Italy Syngas Market
- 9.5.6. Rest of Europe Syngas Market
- 9.6. Asia-Pacific Syngas Market Snapshot
- 9.6.1. China Syngas Market
- 9.6.2. India Syngas Market
- 9.6.3. Japan Syngas Market
- 9.6.4. Australia Syngas Market
- 9.6.5. South Korea Syngas Market
- 9.6.6. Rest of Asia Pacific Syngas Market
- 9.7. Latin America Syngas Market Snapshot
- 9.7.1. Brazil Syngas Market
- 9.7.2. Mexico Syngas Market
- 9.8. Middle East & Africa Syngas Market
- 9.8.1. Saudi Arabia Syngas Market
- 9.8.2. South Africa Syngas Market
- 9.8.3. Rest of Middle East & Africa Syngas Market
Chapter 10. Competitive Intelligence
- 10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
- 10.2. Top Market Strategies
- 10.3. Company Profiles
- 10.3.1. Royal Dutch Shell Plc.
- 10.3.1.1. Key Information
- 10.3.1.2. Overview
- 10.3.1.3. Financial (Subject to Data Availability)
- 10.3.1.4. Product Summary
- 10.3.1.5. Recent Developments
- 10.3.2. The Linde Group
- 10.3.3. BASF SE
- 10.3.4. Sasol Limited
- 10.3.5. SIEMENS AG
- 10.3.6. Syngas Energy Holdings
- 10.3.7. John Wood Group
- 10.3.8. Air Products and Chemicals Inc.
- 10.3.9. Air Liquide
- 10.3.10. SynGas Technology LLC
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
- 11.3. Research Assumption