Global Syngas & Derivatives Market

Global Syngas & Derivatives Market Size, Share, Growth Analysis, By Feedstock(Coal, Petroleum), By Technology(Partial Oxidation, Steam Reforming), By End User(Chemicals, Power Generation) - Industry Forecast 2024-2031

Report ID: SQSG15B2009 | Region: Global | Published Date: February, 2024
Pages: 257 | Tables: 93 | Figures: 74

Global Syngas & Derivatives Market Insights

Syngas & Derivatives Market was valued at USD 143.54 billion, and it is predicted to reach USD 201.47 billion by 2031, increasing at a CAGR of 5.34% during the forecast period (2024-2031).

Synthesis gas (also known as Syngas) and its derivatives are essentially raw gases produced from feedstock hydrocarbons and consist primarily of hydrogen (H2) and carbon monoxide (CO), with carbon dioxide (CO2), methane (CH4), and other components remaining.

Syngas, a clean and renewable energy source, is widely used in a variety of industrial applications around the world. Rising environmental concerns have been major drivers of the syngas & derivatives market's growth in order to provide alternative fuel production methods. Furthermore, the high demand for chemical intermediaries in the production of hygiene and sanitization products, as well as pharmaceutical products, is expected to fuel the growth of syngas and its derivatives in the chemical segment.

Factors such as rising demand for electricity, fuel, and agricultural products are driving up syngas and derivatives market growth rates. Rising concerns about environmental and urban waste, as well as high demand for chemical intermediaries in the production of hygiene and sanitization and pharmaceutical products due to the outbreak of COVID-19, are expected to cushion the growth of the syngas - derivatives market during the forecast period. Furthermore, the combined production of chemicals, fuels, and power, as well as feedstock flexibility, are expected to cushion overall market growth.

US Syngas & Derivatives Market  is poised to grow at a sustainable CAGR for the next forecast year.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Syngas & Derivatives Market was valued at USD 143.54 billion, and it is predicted to reach USD 201.47 billion by 2031, increasing at a CAGR of 5.34% during the forecast period (2024-2031).

There are a few worldwide players that are acting in larger part of the nations and a developing number of more modest players in the provincial level, who are offering moderate quality items in a reasonable scope of costs. The major players in the market are Sasol Limited (South Africa), Haldor Topsoe A/S (Denmark), Air Liquide S.A.(France), Siemens AG (Germany), Air Products and Chemicals Inc. (US), KBR Inc. (US), Linde plc (UK), BASF SE (Germany), TechnipFMC PLC (UK), McDermott  International,  Inc. (US), Mitsubishi Heavy Industries, Ltd. (Japan), Chiyoda Corporation (Japan), Synthesis Energy Systems, Inc. (US), Yara International ASA (Norway), Methanex Corporation (Canada), CF Industries Holdings, Inc. (US), Dow Inc. (US), and John Wood Group PLC (UK) 'Sasol Limited (South Africa)', 'Haldor Topsoe A/S (Denmark)', 'Air Liquide S.A.(France)', 'Siemens AG (Germany)', 'Air Products and Chemicals Inc. (US)', 'KBR Inc. (US)', 'Linde plc (UK)', 'BASF SE (Germany)', 'TechnipFMC PLC (UK)', 'McDermott  International,  Inc. (US)', 'Mitsubishi Heavy Industries, Ltd. (Japan)', 'Chiyoda Corporation (Japan)', 'Synthesis Energy Systems, Inc. (US)', 'Yara International ASA (Norway)', 'Methanex Corporation (Canada)', 'CF Industries Holdings, Inc. (US)', 'Dow Inc. (US)', 'John Wood Group PLC (UK)'

The rising need for syngas and derivatives can be ascribed to growing environmental restrictions as well as the emergence of clean technology. Governments in many countries are pressuring individuals to adopt clean technologies due to the high levels of pollution around the world. These ideas and activities are probably going to help the worldwide market have a bright future in terms of growth.

The biomass sector has grown in popularity, and biomass is now recognised as a significant renewable energy source in the worldwide energy system.

Global syngas and derivatives market is anticipated to expand at the greatest CAGR during 2022–2028 in the Asia Pacific region. The expansion can be due to the substantial demand for syngas & derivatives in nations like China, India, and Japan for use in fuel, electricity, and chemical production. Chemical applications for usage in fertilisers and petrochemicals offer substantial growth potential in the region, which is the chemical industry's largest consumer. Additionally, the region's fuel and power applications are expanding quickly, and there is a growing need for syngas & derivatives for use in liquid fuel, gaseous fuel, and hydrogen-based energy.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Related Reports

Global Syngas & Derivatives Market

Report ID: UCMIG15B2051 | Region: Global | Published Date: February, 2024 | Pages: 165 | Tables: Figures:

Collated Screws Market
Buy Now GET FREE SAMPLE
Global Syngas & Derivatives Market

Report ID: UCMIG15B2064 | Region: Global | Published Date: February, 2024 | Pages: 165 | Tables: Figures:

PAG Base Stock Market
Buy Now GET FREE SAMPLE
Global Syngas & Derivatives Market

Report ID: SQMIG15B2041 | Region: Global | Published Date: February, 2024 | Pages: 275 | Tables: 65 | Figures: 76

Global Oleum Market
Buy Now GET FREE SAMPLE
Global Syngas & Derivatives Market

Report ID: UCMIG15B2080 | Region: Global | Published Date: February, 2024 | Pages: 165 | Tables: Figures:

Butylated Hydroxytoluene (BHT) Market
Buy Now GET FREE SAMPLE

Feedback From Our Clients

Global Syngas & Derivatives Market

Product ID: SQSG15B2009

$5,300
BUY NOW GET FREE SAMPLE