Syngas Market by Gasifier (Moving Bed Gasifier, Fluidized Bed Gasifier, Entrained Flow Gasifier, and Others), Technology (Steam Reforming, Partial Oxidation, Auto-thermal Reforming, Combined or Two-step Reforming, and Biomass Gasification), Feedstock (Natural Gas, Coal, Biomass/Waste, and Others), Application (Power Generation, Chemicals, and Others), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2020–2027

Global Syngas Market Analysis

The global syngas market size is anticipated to garner $64,248.6 million in the 2020–2027 period, growing from $42,100 million in 2019 at a noteworthy CAGR of 6.1%.

Market Synopsis

Increasing environmental concerns is one of the key elements for the syngas market growth. 

However, significant capital investment required for the syngas manufacturing facilities, may restrict the market growth.

According to the regional analysis of the syngas market, the Asia-Pacific market is expected to surge at a CAGR of 6.2% by generating a revenue of $41,890.1 million throughout the analysis period.

Syngas Overview

Syngas is also known as fuel gas or producer gas which mainly consist of hydrogen (H) and carbon monoxide (CO). Syngas is utilized for the production of methanol which has a crucial role in the manufacturing of acetic acid, formaldehyde, methyl methacrylate, and methyl tertiary-butyl ether. Also, syngas is a prominent platform for the utilization of nonpetroleum carbon resources including shale gas, natural gas, and coal. 

COVID-19 impact on Syngas Market:

The impact of the COVID-19 outbreak has been unprecedented on a global scale. Also, the syngas market has witnessed slow growth throughout the COVID-19 pandemic, mainly due to the obstruction in supply chain, causing delays in the production of syngas. Contrary to this, syngas industry players such as Linde plc, a multinational chemical firm with German-American roots, are coming forward with their effective strategy implementation. For example, in May 2020, Linde plc, announced that it has started up a syngas production plant in Geismar, Louisiana. Such expansions may further drive the market in the coming years.

Growing Adoption of Syngas in the Chemical Sector to Upsurge the Market Growth

Significantly growing demand for syngas from the chemical industries worldwide is one of the crucial factors for the global market growth. Syngas is majorly utilized to produce synthetic natural gas (SNG), which plays a key role in the marine, rail, and road transport industries in the form of compressed natural gas (CNG) and liquefied natural gas (LNG). Also, crucial use of syngas in the fuel gas engines particularly for power supply, improved stability, and low energy cost, may further boost the demand for syngas.

To know more about global syngas market drivers, get in touch with our analysts here.

A Higher Initial Investment May Obstruct the Growth of the Global Syngas Market 

The main reasons that obstruct the market growth majorly include the significant time required to build the syngas operational plant along with high capital investments. Also, unfavorable conditions raised owing to the COVID-19 crisis are also severely affecting the global syngas industry.

The Robust Presence of Key Players and their Strategic Steps May Create Lucrative Opportunities for the Global Syngas Market in the Future 

The syngas industry is projected to grow at a fast pace owing to the presence of prominent players worldwide. The companies such as Linde plc, Air Products and Chemicals, Inc., and Haldor Topsoe A/S have been emphasizing mainly on strategies including acquisitions, expansions, and novel product launches in untapped and potential markets. For instance, in May 2018, BPCL (Bharat Petroleum Corporation Limited), a government-owned oil and gas corporation, and Air Products Inc., American leading industrial gas provider, officially signed a long-term agreement in order to establish, own, and operate a new syngas manufacturing plant. Such key developments are further expected to create investment opportunities for syngas market in the coming years.

To know more about global syngas market opportunities, get in touch with our analysts here.

[GASIFIERGRAPH]

Source: Research Dive Analysis

The fluidized bed gasifier sub-segment is anticipated to have the largest share in the global market and generate a revenue of $25,721.6 million by 2027.

Fluidized bed gasifier is prominently utilized to enhance turbulence for more complete gasification of low reactivity feedstocks. Also, it has higher cold gas efficiency than entrained-bed gasifiers. Moreover, fluidized bed gasifier is one of the most significant designs for biomass gasification, majorly owing to its applicability to the medium-scale processes. Furthermore, key advantages including high efficiency, flexible feedstock, and lower pollution are expected to drive the demand for fluidized bed gasifiers. Thus, in 2019, the fluidized bed gasifier segment accounted for the highest syngas market share.

[FEEDSTOCKGRAPH]

Source: Research Dive Analysis

The coal sub-segment of the global syngas market is anticipated to have a major share and surpass $44,134.0 million by 2027, with a rise from $29,003.3 million in 2019 majorly due to the high obtainability of coal for energy generation combined with excellent compatibility of feedstock with advanced technologies for manufacturing of synthetic gas. In addition to this, prominent markets including India and China are significantly engaged in coal-based syngas production. This may fuel the industry growth of the coal segment, across the globe, throughout the analysis period.

[TECHNOLOGYGRAPH]

Source: Research Dive Analysis

The steam reforming sub-segment of the global syngas market is expected to have the fastest growth and reach up to $24,708.1 million by 2027, with an increase from $16,435.0 million in 2019. Steam reforming is one of proven and efficient technologies for the production of syngas mainly because this process is a cost-effective, reliable, and widely used method to produce hydrogen with environmental benefits. Hence, key players such as Haldor Topsoe A/S, a leading Danish catalysis company are coming up with novel innovations, to strengthen their presence in the global market. For example, in February 2020, Topsoe announced to launch ‘advanced steam reforming catalyst series’ called TITAN with high efficiency and reliability. It mainly provides enhanced performance and longer catalyst lifetime owing to the hibonite-rich composition. Such company innovations may create positive impact on the sub-segment’s growth, in the analysis period.

[APPLICATIONGRAPH]

Source: Research Dive Analysis

The chemical sub-segment of the global synthesis gas market is anticipated to have the largest share and it is expected to cross $25,604.8 million by 2027, with an increase from $39,028.2 million in 2019. This growth is mainly attributed to the growing demand for green chemicals for the production and synthesis of chemical intermediates. On the basis of H2/CO ratio, syngas is comprehensively used in the processing of chemicals for producing petrochemicals, fertilizers, oxo chemicals, and many among others. In addition to this, syngas plays a key role in the ammonia synthesis which is the most ideally used chemical, across the globe. Owing to the above-mentioned factors the demand for syngas in chemical sector is expected to increase, which may ultimately propel the industry growth.

[REGIONGRAPH]

Source: Research Dive Analysis

The Market for Syngas in Asia-Pacific to be the Most Dominant

Asia-Pacific synthesis gas market size is accounted to exceed $41,890.1 million by 2027 and is projected to experience the growth rate of 6.2%.

Asia-Pacific is expected to witness high growth rate in the upcoming years owing to rising demand for syngas in different industries such as electricity, chemical and fuel has accelerated the product production in this Asia-pacific region. Also, the increasing urbanization in Asian countries such as Japan and Australia will also create positive impact on the synthesis gas market size in the Asia Pacific region. Moreover, in Asia, chemical industries are offering vast opportunities for petrochemicals and fertilizer production. In addition to this, key players operating in the global syngas market are adopting strategic collaborations to offer advanced syngas platforms to businesses. For instance, Siemen AG, a German multinational conglomerate company, on June 2020 announced that they are awarded for PETRONAS Kasawari Gas Field Development Project, by Malaysia Marine and Heavy Engineering for supplying three mechanical-drive SGT-300 gas turbines and three SGT-300 industrial gas turbine generators (GTG). In addition to this, higher population increases demand for fuel and electricity applications of syngas and, with increasing demand for syngas & derivatives in hydrogen-based electricity, liquid fuel and gaseous fuel. All they type of initiatives and company development will drive the market for seaweed protein market.  

Competitive Scenario in the Global Syngas Market

Product launches and mergers & acquisitions are common strategies followed by major market players.

Source: Research Dive Analysis

Some of the leading syngas market players are Air Liquide S.A., Linde plc, Air Products and Chemicals, Inc., Haldor Topsoe A/S, The Chiyoda Corporation, Syngas Energy Holdings LLC, John Wood Group PLC, OQ Chemicals GmbH, Methanex Corporation, and SynGas Technology, LLC (SGT).

Porter’s Five Forces Analysis for the Global Syngas Market:

• Bargaining Power of Suppliers: The suppliers operating in the global syngas are high in number and are much larger and more globalized. So, there will be less threat from the supplier.
  Thus, the bargaining power of the supplier is high.     
• Bargaining Power of Buyer: Buyers will have moderate bargaining power, significantly because of multiple players operating in the global syngas industry.
  Thus, the bargaining power of the buyer is moderate.
• Threat of New Entrants: The companies entering into the global syngas market are adopting technological innovations such as developing integrated services to attract customers. Also, these companies are implementing various effective strategies and there is government support in some countries.
  Thus, threat of the new entrants is high.
• Threat of Substitutes: There is no alternative product available. 
  Thus, the threat of substitutes is low.
• Competitive Rivalry in the Market: The competitive rivalry among the industry leaders is rather intense, especially between the global players including Air Liquide S.A. and Linde plc These companies are launching their value-added services in the international market and strengthening the footprint worldwide.
  Therefore, the competitive rivalry in the market is high.

1.Research Methodology

1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters

1.4.1.Assumptions
1.4.2.Forecast parameters

1.5.Data sources

1.5.1.Primary
1.5.2.Secondary

2.Executive Summary

2.1.360° summary
2.2.By gasifier trends
2.3.By technology trends
2.4.By feedstock trends
2.5.By application trends

3.Market overview

3.1.Market segmentation & definitions
3.2.Key takeaways

3.2.1.Top investment pockets
3.2.2.Top winning strategies

3.3.Porter’s five forces analysis

3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market

3.4.Market dynamics

3.4.1.Drivers
3.4.2.Restraints
3.4.3.Opportunities
3.5.Technology landscape

3.6.Regulatory landscape
3.7.Patent landscape
3.8.Pricing overview

3.8.1.By Gasifier
3.8.2.By Application
3.8.3.By Technology
3.8.4.By Feedstock

3.9.Market value chain analysis

3.9.1.Stress point analysis
3.9.2.Raw material analysis
3.9.3.Manufacturing process
3.9.4.Distribution channel analysis
3.9.5.Operating vendors

3.9.5.1.Raw material suppliers
3.9.5.2.Product manufacturers
3.9.5.3.Product distributors

3.10.Strategic overview

4.Syngas Market, by Gasifier

4.1.Moving Bed Gasifier

4.1.1.Market size and forecast, by region, 2019-2027
4.1.2.Comparative market share analysis, 2019 & 2027

4.2.Fluidized Bed Gasifier

4.2.1.Market size and forecast, by region, 2019-2027
4.2.2.Comparative market share analysis, 2019 & 2027

4.3.Entrained Flow Gasifier

4.3.1.Market size and forecast, by region, 2019-2027
4.3.2.Comparative market share analysis, 2019 & 2027

4.4.Others

4.4.1.Market size and forecast, by region, 2019-2027
4.4.2.Comparative market share analysis, 2019 & 2027

5.Syngas Market, by Technology

5.1.Steam Reforming

5.1.1.Market size and forecast, by region, 2019-2027
5.1.2.Comparative market share analysis, 2019 & 2027

5.2.Partial Oxidation

5.2.1.Market size and forecast, by region, 2019-2027
5.2.2.Comparative market share analysis, 2019 & 2027

5.3.Auto-Thermal Reforming

5.3.1.Market size and forecast, by region, 2019-2027
5.3.2.Comparative market share analysis, 2019 & 2027

5.4.Combined or Two-step Reforming

5.4.1.Market size and forecast, by region, 2019-2027
5.4.2.Comparative market share analysis, 2019 & 2027

5.5.Biomass Gasification

5.5.1.Market size and forecast, by region, 2019-2027
5.5.2.Comparative market share analysis, 2019 & 2027

6.Syngas Market, by Feedstock

6.1.Natural Gas

6.1.1.Market size and forecast, by region, 2019-2027
6.1.2.Comparative market share analysis, 2019 & 2027

6.2.Coal

6.2.1.Market size and forecast, by region, 2019-2027
6.2.2.Comparative market share analysis, 2019 & 2027

6.3.Biomass/Waste

6.3.1.Market size and forecast, by region, 2019-2027
6.3.2.Comparative market share analysis, 2019 & 2027

6.4.Others

6.4.1.Market size and forecast, by region, 2019-2027
6.4.2.Comparative market share analysis, 2019 & 2027

7.Syngas Market, by Application

7.1.Power Generation
7.1.1.Market size and forecast, by region, 2019-2027
7.1.2.Comparative market share analysis, 2019 & 2027

7.2.Chemicals

7.2.1.Market size and forecast, by region, 2019-2027
7.2.2.Comparative market share analysis, 2019 & 2027

7.3.Others

7.3.1.Market size and forecast, by region, 2019-2027
7.3.2.Comparative market share analysis, 2019 & 2027

8.Syngas Market, by Region

8.1.North America

8.1.1.Market size and forecast, by gasifier, 2019-2027
8.1.2.Market size and forecast, by application, 2019-2027
8.1.3.Market size and forecast, by technology, 2019-2027
8.1.4.Market size and forecast, by feedstock, 2019-2027
8.1.5.Market size and forecast, by country, 2019-2027
8.1.6.Comparative market share analysis, 2019 & 2027

8.1.7.U.S.

8.1.7.1.Market size and forecast, by gasifier, 2019-2027
8.1.7.2.Market size and forecast, by application, 2019-2027
8.1.7.3.Market size and forecast, by technology, 2019-2027
8.1.7.4.Market size and forecast, by feedstock, 2019-2027
8.1.7.5.Comparative market share analysis, 2019 & 2027

8.1.8.Canada

8.1.8.1.Market size and forecast, by gasifier, 2019-2027
8.1.8.2.Market size and forecast, by application, 2019-2027
8.1.8.3.Market size and forecast, by technology, 2019-2027
8.1.8.4.Market size and forecast, by feedstock, 2019-2027
8.1.8.5.Comparative market share analysis, 2019 & 2027

8.1.9.Mexico

8.1.9.1.Market size and forecast, by gasifier, 2019-2027
8.1.9.2.Market size and forecast, by application, 2019-2027
8.1.9.3.Market size and forecast, by technology, 2019-2027
8.1.9.4.Market size and forecast, by feedstock, 2019-2027
8.1.9.5.Comparative market share analysis, 2019 & 2027

8.2.Europe

8.2.1.Market size and forecast, by gasifier, 2019-2027
8.2.2.Market size and forecast, by application, 2019-2027
8.2.3.Market size and forecast, by technology, 2019-2027
8.2.4.Market size and forecast, by feedstock, 2019-2027
8.2.5.Market size and forecast, by country, 2019-2027
8.2.6.Comparative market share analysis, 2019 & 2027

8.2.7.Germany 

8.2.7.1.Market size and forecast, by gasifier, 2019-2027
8.2.7.2.Market size and forecast, by application, 2019-2027
8.2.7.3.Market size and forecast, by technology, 2019-2027
8.2.7.4.Market size and forecast, by feedstock, 2019-2027
8.2.7.5.Comparative market share analysis, 2019 & 2027

8.2.8.UK

8.2.8.1.Market size and forecast, by gasifier, 2019-2027
8.2.8.2.Market size and forecast, by application, 2019-2027
8.2.8.3.Market size and forecast, by technology, 2019-2027
8.2.8.4.Market size and forecast, by feedstock, 2019-2027
8.2.8.5.Comparative market share analysis, 2019 & 2027

8.2.9.France

8.2.9.1.Market size and forecast, by gasifier, 2019-2027
8.2.9.2.Market size and forecast, by application, 2019-2027
8.2.9.3.Market size and forecast, by technology, 2019-2027
8.2.9.4.Market size and forecast, by feedstock, 2019-2027
8.2.9.5.Comparative market share analysis, 2019 & 2027

8.2.10.Spain

8.2.10.1.Market size and forecast, by gasifier, 2019-2027
8.2.10.2.Market size and forecast, by application, 2019-2027
8.2.10.3.Market size and forecast, by technology, 2019-2027
8.2.10.4.Market size and forecast, by feedstock, 2019-2027
8.2.10.5.Comparative market share analysis, 2019 & 2027

8.2.11.Italy 

8.2.11.1.Market size and forecast, by gasifier, 2019-2027
8.2.11.2.Market size and forecast, by application, 2019-2027
8.2.11.3.Market size and forecast, by technology, 2019-2027
8.2.11.4.Market size and forecast, by feedstock, 2019-2027
8.2.11.5.Comparative market share analysis, 2019 & 2027

8.2.12.Rest of Europe

8.2.12.1.Market size and forecast, by gasifier, 2019-2027
8.2.12.2.Market size and forecast, by application, 2019-2027
8.2.12.3.Market size and forecast, by technology, 2019-2027
8.2.12.4.Market size and forecast, by feedstock, 2019-2027
8.2.12.5.Comparative market share analysis, 2019 & 2027

8.3.Asia Pacific

8.3.1.Market size and forecast, by gasifier, 2019-2027
8.3.2.Market size and forecast, by application, 2019-2027
8.3.3.Market size and forecast, by technology, 2019-2027
8.3.4.Market size and forecast, by feedstock, 2019-2027
8.3.5.Market size and forecast, by country, 2019-2027
8.3.6.Comparative market share analysis, 2019 & 2027

8.3.7.China

8.3.7.1.Market size and forecast, by gasifier, 2019-2027
8.3.7.2.Market size and forecast, by application, 2019-2027
8.3.7.3.Market size and forecast, by technology, 2019-2027
8.3.7.4.Market size and forecast, by feedstock, 2019-2027
8.3.7.5.Comparative market share analysis, 2019 & 2027

8.3.8.India 

8.3.8.1.Market size and forecast, by gasifier, 2019-2027
8.3.8.2.Market size and forecast, by application, 2019-2027
8.3.8.3.Market size and forecast, by technology, 2019-2027
8.3.8.4.Market size and forecast, by feedstock, 2019-2027
8.3.8.5.Comparative market share analysis, 2019 & 2027

8.3.9.Japan

8.3.9.1.Market size and forecast, by gasifier, 2019-2027
8.3.9.2.Market size and forecast, by application, 2019-2027
8.3.9.3.Market size and forecast, by technology, 2019-2027
8.3.9.4.Market size and forecast, by feedstock, 2019-2027
8.3.9.5.Comparative market share analysis, 2019 & 2027

8.3.10.South Korea

8.3.10.1.Market size and forecast, by gasifier, 2019-2027
8.3.10.2.Market size and forecast, by application, 2019-2027
8.3.10.3.Market size and forecast, by technology, 2019-2027
8.3.10.4.Market size and forecast, by feedstock, 2019-2027
8.3.10.5.Comparative market share analysis, 2019 & 2027

8.3.11.Australia

8.3.11.1.Market size and forecast, by gasifier, 2019-2027
8.3.11.2.Market size and forecast, by application, 2019-2027
8.3.11.3.Market size and forecast, by technology, 2019-2027
8.3.11.4.Market size and forecast, by feedstock, 2019-2027
8.3.11.5.Comparative market share analysis, 2019 & 2027

8.3.12.Rest of Asia Pacific

8.3.12.1.Market size and forecast, by gasifier, 2019-2027
8.3.12.2.Market size and forecast, by application, 2019-2027
8.3.12.3.Market size and forecast, by technology, 2019-2027
8.3.12.4.Market size and forecast, by feedstock, 2019-2027
8.3.12.5.Comparative market share analysis, 2019 & 2027

8.4.LAMEA

8.4.1.Market size and forecast, by gasifier, 2019-2027
8.4.2.Market size and forecast, by application, 2019-2027
8.4.3.Market size and forecast, by technology, 2019-2027
8.4.4.Market size and forecast, by feedstock, 2019-2027
8.4.5.Market size and forecast, by country, 2019-2027
8.4.6.Comparative market share analysis, 2019 & 2027

8.4.7.Latin America  

8.4.7.1.Market size and forecast, by gasifier, 2019-2027
8.4.7.2.Market size and forecast, by application, 2019-2027
8.4.7.3.Market size and forecast, by technology, 2019-2027
8.4.7.4.Market size and forecast, by feedstock, 2019-2027
8.4.7.5.Comparative market share analysis, 2019 & 2027

8.4.8.Middle East 

8.4.8.1.Market size and forecast, by gasifier, 2019-2027
8.4.8.2.Market size and forecast, by application, 2019-2027
8.4.8.3.Market size and forecast, by technology, 2019-2027
8.4.8.4.Market size and forecast, by feedstock, 2019-2027
8.4.8.5.Comparative market share analysis, 2019 & 2027

8.4.9.Africa

8.4.9.1.Market size and forecast, by gasifier, 2019-2027
8.4.9.2.Market size and forecast, by application, 2019-2027
8.4.9.3.Market size and forecast, by technology, 2019-2027
8.4.9.4.Market size and forecast, by feedstock, 2019-2027
8.4.9.5.Comparative market share analysis, 2019 & 2027

9.Company profiles

9.1.Air Liquide S.A.

9.1.1.Business overview
9.1.2.Financial performance
9.1.3.Product portfolio
9.1.4.Recent strategic moves & developments
9.1.5.SWOT analysis

9.2.Linde plc

9.2.1.Business overview
9.2.2.Financial performance
9.2.3.Product portfolio
9.2.4.Recent strategic moves & developments
9.2.5.SWOT analysis

9.3.Air Products and Chemicals, Inc.

9.3.1.Business overview
9.3.2.Financial performance
9.3.3.Product portfolio
9.3.4.Recent strategic moves & developments
9.3.5.SWOT analysis

9.4.Haldor Topsoe A/S

9.4.1.Business overview
9.4.2.Financial performance
9.4.3.Product portfolio
9.4.4.Recent strategic moves & developments
9.4.5.SWOT analysis

9.5.The Chiyoda Corporation

9.5.1.Business overview
9.5.2.Financial performance
9.5.3.Product portfolio
9.5.4.Recent strategic moves & developments
9.5.5.SWOT analysis

9.6.Syngas Energy Holdings LLC

9.6.1.Business overview
9.6.2.Financial performance
9.6.3.Product portfolio
9.6.4.Recent strategic moves & developments
9.6.5.SWOT analysis

9.7.John Wood Group PLC

9.7.1.Business overview
9.7.2.Financial performance
9.7.3.Product portfolio
9.7.4.Recent strategic moves & developments
9.7.5.SWOT analysis

9.8.OQ Chemicals GmbH

9.8.1.Business overview
9.8.2.Financial performance
9.8.3.Product portfolio
9.8.4.Recent strategic moves & developments
9.8.5.SWOT analysis

9.9.Methanex Corporation

9.9.1.Business overview
9.9.2.Financial performance
9.9.3.Product portfolio
9.9.4.Recent strategic moves & developments
9.9.5.SWOT analysis

9.10.SynGas Technology, LLC (SGT)

9.10.1.Business overview
9.10.2.Financial performance
9.10.3.Product portfolio
9.10.4.Recent strategic moves & developments
9.10.5.SWOT analysis

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