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Syngas Market: By Technology, By End User, By Feed stock By Gasifier Type and Region Forecast 2019-2030
Syngas Market: By Technology, By End User, By Feed stock By Gasifier Type and Region Forecast 2019-2030
Syngas Market size was valued at US$ 49.08 billion in 2023 and is poised to grow at a CAGR of 6.1% from 2024-2030. Synthesis gas, or syngas, is a fuel gas that consists primarily of carbon monoxide, hydrogen, and a small amount of carbon dioxide. Syngas is an excellent choice for liquid and gaseous fuel processing. Power generation companies are turning to a variety of alternatives, including syngas, to meet rising demand. Furthermore, rising environmental concerns and government initiatives encouraging the use of renewable fuels are boosting market growth.
The surge in demand for synthetic gas from the chemical industry is one of the primary reasons propelling the global market forward. This is because syngas is used to make synthetic natural gas (SNG), which is used in the rail, marine, and road transportation industries as liquefied natural gas (LNG) and compressed natural gas (CNG) (CNG). Furthermore, syngas' benefits, such as its low energy cost, enhanced stability, and use as a fuel for gas engines for power generation, are driving up demand globally. Global market is consolidating as large players complementing each others businesses by means of collaborations and acquisitions.
Study Period
2024-2030Base Year
2023CAGR
6.1%Largest Market
Asia PacificFastest Growing Market
Europe
A rise in demand for synthetic gas from the chemical industry attributed to the fact that syngas is used to manufacture synthetic natural gas (SNG), which is used in the rail, marine, and road transport industries in the form of liquefied natural gas (LNG) and compressed natural gas (CNG). Apart from this, benefits associated with syngas such as low energy cost improved stability, and its usage to fuel gas engines for power supply enhance its demand worldwide.
Asia Pacific accounted for major revenue share in global syngas market due to rising consumption from growing population. North America market is expected to account moderate CAGR due to increased application of syngas as electrical and heat supply. Europe exhibits a significant growth in market due to increased application in production of chemicals. Latin America shows a significant growth in market owing to increased demand from refineries. Middle East and Africa market is also expected to rise in the forecast period due to increased consumption of both gaseous and liquid fuels.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 49.08 billion |
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Market CAGR |
6.1% |
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By Technology |
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By End User |
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By Feedstock |
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By Gasifier Type |
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By Region |
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Download Free Sample Report
Syngas market size was valued at US$ 49.08 billion in 2023 and is poised to grow at a CAGR of 6.1% from 2024-2030.
The chemical industry and power generation are the major areas that helped to expand the syngas market.
Feedstock flexibility and upsurges in the demand for syngas from mainly chemical industries are major factors that drive market growth.
| 1. Executive Summary |
| 2. Global Syngas Market Introduction |
| 2.1.Global Syngas Market - Taxonomy |
| 2.2.Global Syngas Market - Definitions |
| 2.2.1.Technology |
| 2.2.2.End User |
| 2.2.3.Fees Stock |
| 2.2.4.Gasifer Type |
| 2.2.5.Region |
| 3. Global Syngas Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Syngas Market Analysis, 2019-2023 and Forecast 2024-2030 |
| 4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Syngas Market By Technology, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 5.1. Stem Reforming |
| 5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Partial Oxidation |
| 5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Autothermal Reforming |
| 5.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Combined or Two-step Reforming |
| 5.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Biomass Gasification |
| 5.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6. Global Syngas Market By End User, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 6.1. Power Generation |
| 6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Chemicals |
| 6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Liquids Fuel |
| 6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Gaseous Fuel |
| 6.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7. Global Syngas Market By Fees Stock, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 7.1. Coal |
| 7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Natural Gas |
| 7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Petroleum |
| 7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Pet-Coke |
| 7.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Biomass |
| 7.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8. Global Syngas Market By Gasifer Type, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 8.1. Fixed Bed |
| 8.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Entrained Flow |
| 8.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Fluidized Bed |
| 8.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 9. Global Syngas Market By Region, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia Pacific (APAC) |
| 9.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Middle East and Africa (MEA) |
| 9.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Latin America |
| 9.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 10. North America Syngas Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 10.1. Technology Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Stem Reforming |
| 10.1.2.Partial Oxidation |
| 10.1.3.Autothermal Reforming |
| 10.1.4.Combined or Two-step Reforming |
| 10.1.5.Biomass Gasification |
| 10.3. Fees Stock Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Coal |
| 10.3.2.Natural Gas |
| 10.3.3.Petroleum |
| 10.3.4.Pet-Coke |
| 10.3.5.Biomass |
| 10.4. Gasifer Type Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Fixed Bed |
| 10.4.2.Entrained Flow |
| 10.4.3.Fluidized Bed |
| 10.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.5.1.United States of America (USA) |
| 10.5.2.Canada |
| 11. Europe Syngas Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 11.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Stem Reforming |
| 11.1.2.Partial Oxidation |
| 11.1.3.Autothermal Reforming |
| 11.1.4.Combined or Two-step Reforming |
| 11.1.5.Biomass Gasification |
| 11.2. End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Power Generation |
| 11.2.2.Chemicals |
| 11.2.3.Liquids Fuel |
| 11.2.4.Gaseous Fuel |
| 11.3. Fees Stock Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Coal |
| 11.3.2.Natural Gas |
| 11.3.3.Petroleum |
| 11.3.4.Pet-Coke |
| 11.3.5.Biomass |
| 11.4. Gasifer Type Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.Fixed Bed |
| 11.4.2.Entrained Flow |
| 11.4.3.Fluidized Bed |
| 11.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.5.1.Germany |
| 11.5.2.France |
| 11.5.3.Italy |
| 11.5.4.United Kingdom (UK) |
| 11.5.5.Spain |
| 11.5.6.Rest of EU |
| 12. Asia Pacific (APAC) Syngas Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 12.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Stem Reforming |
| 12.1.2.Partial Oxidation |
| 12.1.3.Autothermal Reforming |
| 12.1.4.Combined or Two-step Reforming |
| 12.1.5.Biomass Gasification |
| 12.2. End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Power Generation |
| 12.2.2.Chemicals |
| 12.2.3.Liquids Fuel |
| 12.2.4.Gaseous Fuel |
| 12.3. Fees Stock Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Coal |
| 12.3.2.Natural Gas |
| 12.3.3.Petroleum |
| 12.3.4.Pet-Coke |
| 12.3.5.Biomass |
| 12.4. Gasifer Type Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.Fixed Bed |
| 12.4.2.Entrained Flow |
| 12.4.3.Fluidized Bed |
| 12.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.5.1.China |
| 12.5.2.India |
| 12.5.3.Australia and New Zealand (ANZ) |
| 12.5.4.Japan |
| 12.5.5.Rest of APAC |
| 13. Middle East and Africa (MEA) Syngas Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 13.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Stem Reforming |
| 13.1.2.Partial Oxidation |
| 13.1.3.Autothermal Reforming |
| 13.1.4.Combined or Two-step Reforming |
| 13.1.5.Biomass Gasification |
| 13.2. End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Power Generation |
| 13.2.2.Chemicals |
| 13.2.3.Liquids Fuel |
| 13.2.4.Gaseous Fuel |
| 13.3. Fees Stock Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Coal |
| 13.3.2.Natural Gas |
| 13.3.3.Petroleum |
| 13.3.4.Pet-Coke |
| 13.3.5.Biomass |
| 13.4. Gasifer Type Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Fixed Bed |
| 13.4.2.Entrained Flow |
| 13.4.3.Fluidized Bed |
| 13.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.5.1.GCC Countries |
| 13.5.2.South Africa |
| 13.5.3.Rest of MEA |
| 14. Latin America Syngas Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 14.1. Technology Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1.Stem Reforming |
| 14.1.2.Partial Oxidation |
| 14.1.3.Autothermal Reforming |
| 14.1.4.Combined or Two-step Reforming |
| 14.1.5.Biomass Gasification |
| 14.2. End User Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1.Power Generation |
| 14.2.2.Chemicals |
| 14.2.3.Liquids Fuel |
| 14.2.4.Gaseous Fuel |
| 14.3. Fees Stock Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.3.1.Coal |
| 14.3.2.Natural Gas |
| 14.3.3.Petroleum |
| 14.3.4.Pet-Coke |
| 14.3.5.Biomass |
| 14.4. Gasifer Type Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.4.1.Fixed Bed |
| 14.4.2.Entrained Flow |
| 14.4.3.Fluidized Bed |
| 14.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.5.1.Brazil |
| 14.5.2.Mexico |
| 14.5.3.Rest of LA |
| 15. Competition Landscape |
| 15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 15.2.1.KBR, Inc. |
| 15.2.2.Siemens AG |
| 15.2.3.Haldor Topsoe |
| 15.2.4.Dow Chemical |
| 15.2.5.Mitsubishi Heavy Industries |
| 15.2.6.Iron Company |
| 16. Research Methodology |
| 17. Appendix and Abbreviations |
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.