Product Code: IRTNTR76195
The syngas market is forecasted to grow by USD 14916.64 mn during 2022-2027, accelerating at a CAGR of 6.2% during the forecast period. The report on the syngas market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising application of syngas, increasing investments in sustainable energy, and feedstock flexibility for syngas production.
Technavio's syngas market is segmented as below:
Market Scope |
Base Year | 2022 |
End Year | 2027 |
Series Year | 2023-2027 |
Growth Momentum | Accelerate |
YOY 2023 | 5.57% |
CAGR | 6.2% |
Incremental Value | $14916.64mn |
By Application
- Chemical
- Fuel
- Electricity
By Feedstock
- Coal
- Natural gas
- Petroleum byproducts
- Biomass/waste
- Others
By Geography
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the rising demand for bio-based feedstock as one of the prime reasons driving the syngas market growth during the next few years. Also, rising adoption of unground coal gasification and rising number of strategic partnerships and alliances will lead to sizable demand in the market.
The report on the syngas market covers the following areas:
- Syngas market sizing
- Syngas market forecast
- Syngas market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading syngas market vendors that include Air Liquide SA, Air Products and Chemicals Inc., BASF SE, BP Plc, Chevron Corp., Chiyoda Corp., ENERKEM Inc., General Electric Co., IHI Aerospace Co. Ltd., John Wood Group PLC, Linde Plc, McDermott International Ltd., Methanex Corp., Mitsubishi Heavy Industries Ltd., Sasol Ltd., Shell plc, Siemens AG, Synthesis Energy Systems Inc., TechnipFMC plc, thyssenkrupp AG, and Topsoes AS. Also, the syngas market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary - Chart on Market Overview
- Exhibit 02: Executive Summary - Data Table on Market Overview
- Exhibit 03: Executive Summary - Chart on Global Market Characteristics
- Exhibit 04: Executive Summary - Chart on Market by Geography
- Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary - Chart on Market Segmentation by Feedstock
- Exhibit 07: Executive Summary - Chart on Incremental Growth
- Exhibit 08: Executive Summary - Data Table on Incremental Growth
- Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global syngas market 2017 - 2021
- Exhibit 18: Historic Market Size - Data Table on global syngas market 2017 - 2021 ($ million)
- 4.2 Application Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size - Application Segment 2017 - 2021 ($ million)
- 4.3 By Feedstock Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size - By Feedstock Segment 2017 - 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ million)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Application
- 6.1 Market segments
- Exhibit 30: Chart on Application - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
- 6.2 Comparison by Application
- Exhibit 32: Chart on Comparison by Application
- Exhibit 33: Data Table on Comparison by Application
- 6.3 Chemical - Market size and forecast 2022-2027
- Exhibit 34: Chart on Chemical - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Chemical - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Chemical - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Chemical - Year-over-year growth 2022-2027 (%)
- 6.4 Fuel - Market size and forecast 2022-2027
- Exhibit 38: Chart on Fuel - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Fuel - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Fuel - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Fuel - Year-over-year growth 2022-2027 (%)
- 6.5 Electricity - Market size and forecast 2022-2027
- Exhibit 42: Chart on Electricity - Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Data Table on Electricity - Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Chart on Electricity - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Electricity - Year-over-year growth 2022-2027 (%)
- 6.6 Market opportunity by Application
- Exhibit 46: Market opportunity by Application ($ million)
- Exhibit 47: Data Table on Market opportunity by Application ($ million)
7 Market Segmentation by Feedstock
- 7.1 Market segments
- Exhibit 48: Chart on Feedstock - Market share 2022-2027 (%)
- Exhibit 49: Data Table on Feedstock - Market share 2022-2027 (%)
- 7.2 Comparison by Feedstock
- Exhibit 50: Chart on Comparison by Feedstock
- Exhibit 51: Data Table on Comparison by Feedstock
- 7.3 Coal - Market size and forecast 2022-2027
- Exhibit 52: Chart on Coal - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Data Table on Coal - Market size and forecast 2022-2027 ($ million)
- Exhibit 54: Chart on Coal - Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on Coal - Year-over-year growth 2022-2027 (%)
- 7.4 Natural gas - Market size and forecast 2022-2027
- Exhibit 56: Chart on Natural gas - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Data Table on Natural gas - Market size and forecast 2022-2027 ($ million)
- Exhibit 58: Chart on Natural gas - Year-over-year growth 2022-2027 (%)
- Exhibit 59: Data Table on Natural gas - Year-over-year growth 2022-2027 (%)
- 7.5 Petroleum byproducts - Market size and forecast 2022-2027
- Exhibit 60: Chart on Petroleum byproducts - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Data Table on Petroleum byproducts - Market size and forecast 2022-2027 ($ million)
- Exhibit 62: Chart on Petroleum byproducts - Year-over-year growth 2022-2027 (%)
- Exhibit 63: Data Table on Petroleum byproducts - Year-over-year growth 2022-2027 (%)
- 7.6 Biomass/waste - Market size and forecast 2022-2027
- Exhibit 64: Chart on Biomass/waste - Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Data Table on Biomass/waste - Market size and forecast 2022-2027 ($ million)
- Exhibit 66: Chart on Biomass/waste - Year-over-year growth 2022-2027 (%)
- Exhibit 67: Data Table on Biomass/waste - Year-over-year growth 2022-2027 (%)
- 7.7 Others - Market size and forecast 2022-2027
- Exhibit 68: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 69: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 70: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 71: Data Table on Others - Year-over-year growth 2022-2027 (%)
- 7.8 Market opportunity by Feedstock
- Exhibit 72: Market opportunity by Feedstock ($ million)
- Exhibit 73: Data Table on Market opportunity by Feedstock ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 75: Chart on Market share by geography 2022-2027 (%)
- Exhibit 76: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 77: Chart on Geographic comparison
- Exhibit 78: Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2022-2027
- Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.4 Europe - Market size and forecast 2022-2027
- Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.5 North America - Market size and forecast 2022-2027
- Exhibit 87: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.6 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.7 South America - Market size and forecast 2022-2027
- Exhibit 95: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.8 China - Market size and forecast 2022-2027
- Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.9 US - Market size and forecast 2022-2027
- Exhibit 103: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 104: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 105: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 106: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.10 India - Market size and forecast 2022-2027
- Exhibit 107: Chart on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 108: Data Table on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 109: Chart on India - Year-over-year growth 2022-2027 (%)
- Exhibit 110: Data Table on India - Year-over-year growth 2022-2027 (%)
- 9.11 Germany - Market size and forecast 2022-2027
- Exhibit 111: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 112: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 113: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 114: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.12 UK - Market size and forecast 2022-2027
- Exhibit 115: Chart on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 116: Data Table on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 117: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 118: Data Table on UK - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 119: Market opportunity by geography ($ million)
- Exhibit 120: Data Tables on Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 121: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 123: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 124: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 125: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 126: Matrix on vendor position and classification
- 12.3 Air Liquide SA
- Exhibit 127: Air Liquide SA - Overview
- Exhibit 128: Air Liquide SA - Business segments
- Exhibit 129: Air Liquide SA - Key offerings
- Exhibit 130: Air Liquide SA - Segment focus
- 12.4 Air Products and Chemicals Inc.
- Exhibit 131: Air Products and Chemicals Inc. - Overview
- Exhibit 132: Air Products and Chemicals Inc. - Business segments
- Exhibit 133: Air Products and Chemicals Inc. - Key news
- Exhibit 134: Air Products and Chemicals Inc. - Key offerings
- Exhibit 135: Air Products and Chemicals Inc. - Segment focus
- 12.5 BASF SE
- Exhibit 136: BASF SE - Overview
- Exhibit 137: BASF SE - Business segments
- Exhibit 138: BASF SE - Key news
- Exhibit 139: BASF SE - Key offerings
- Exhibit 140: BASF SE - Segment focus
- 12.6 BP Plc
- Exhibit 141: BP Plc - Overview
- Exhibit 142: BP Plc - Business segments
- Exhibit 143: BP Plc - Key news
- Exhibit 144: BP Plc - Key offerings
- Exhibit 145: BP Plc - Segment focus
- 12.7 Chevron Corp.
- Exhibit 146: Chevron Corp. - Overview
- Exhibit 147: Chevron Corp. - Business segments
- Exhibit 148: Chevron Corp. - Key news
- Exhibit 149: Chevron Corp. - Key offerings
- Exhibit 150: Chevron Corp. - Segment focus
- 12.8 Chiyoda Corp.
- Exhibit 151: Chiyoda Corp. - Overview
- Exhibit 152: Chiyoda Corp. - Business segments
- Exhibit 153: Chiyoda Corp. - Key offerings
- Exhibit 154: Chiyoda Corp. - Segment focus
- 12.9 ENERKEM Inc.
- Exhibit 155: ENERKEM Inc. - Overview
- Exhibit 156: ENERKEM Inc. - Product / Service
- Exhibit 157: ENERKEM Inc. - Key offerings
- 12.10 General Electric Co.
- Exhibit 158: General Electric Co. - Overview
- Exhibit 159: General Electric Co. - Business segments
- Exhibit 160: General Electric Co. - Key news
- Exhibit 161: General Electric Co. - Key offerings
- Exhibit 162: General Electric Co. - Segment focus
- 12.11 IHI Aerospace Co. Ltd.
- Exhibit 163: IHI Aerospace Co. Ltd. - Overview
- Exhibit 164: IHI Aerospace Co. Ltd. - Business segments
- Exhibit 165: IHI Aerospace Co. Ltd. - Key news
- Exhibit 166: IHI Aerospace Co. Ltd. - Key offerings
- Exhibit 167: IHI Aerospace Co. Ltd. - Segment focus
- 12.12 Linde Plc
- Exhibit 168: Linde Plc - Overview
- Exhibit 169: Linde Plc - Business segments
- Exhibit 170: Linde Plc - Key news
- Exhibit 171: Linde Plc - Key offerings
- Exhibit 172: Linde Plc - Segment focus
- 12.13 McDermott International Ltd.
- Exhibit 173: McDermott International Ltd. - Overview
- Exhibit 174: McDermott International Ltd. - Product / Service
- Exhibit 175: McDermott International Ltd. - Key news
- Exhibit 176: McDermott International Ltd. - Key offerings
- 12.14 Methanex Corp.
- Exhibit 177: Methanex Corp. - Overview
- Exhibit 178: Methanex Corp. - Product / Service
- Exhibit 179: Methanex Corp. - Key offerings
- 12.15 Mitsubishi Heavy Industries Ltd.
- Exhibit 180: Mitsubishi Heavy Industries Ltd. - Overview
- Exhibit 181: Mitsubishi Heavy Industries Ltd. - Business segments
- Exhibit 182: Mitsubishi Heavy Industries Ltd. - Key news
- Exhibit 183: Mitsubishi Heavy Industries Ltd. - Key offerings
- Exhibit 184: Mitsubishi Heavy Industries Ltd. - Segment focus
- 12.16 Sasol Ltd.
- Exhibit 185: Sasol Ltd. - Overview
- Exhibit 186: Sasol Ltd. - Business segments
- Exhibit 187: Sasol Ltd. - Key news
- Exhibit 188: Sasol Ltd. - Key offerings
- Exhibit 189: Sasol Ltd. - Segment focus
- 12.17 Topsoes AS
- Exhibit 190: Topsoes AS - Overview
- Exhibit 191: Topsoes AS - Product / Service
- Exhibit 192: Topsoes AS - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 193: Inclusions checklist
- Exhibit 194: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 195: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 196: Research methodology
- Exhibit 197: Validation techniques employed for market sizing
- Exhibit 198: Information sources
- 13.5 List of abbreviations
- Exhibit 199: List of abbreviations