- Stem Reforming
- Partial Oxidation
- Autothermal Reforming
- Combined or Two-step Reforming
- Biomass Gasification
Syngas Market size was valued at USD 49.08 billion in 2022 and is poised to grow at a CAGR of 6.1% from 2023-2029. 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 syngas 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 syngas market is consolidating as large players complementing each other’s businesses by means of collaborations and acquisitions.
Global Syngas Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
6.1%
Largest Market
Asia Pacific
Fastest Growing Market
Europe
Syngas Market Dynamics
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 Got Significant Share
Syngas Market Regional Analysis
Asia Pacific accounted for major revenue share in global syngas market due to rising consumption from growing population. North America syngas market is expected to account moderate CAGR due to increased application of syngas as electrical and heat supply. Europe exhibits a significant growth in syngas 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 syngas 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
Key Features of the Reports
- The report provides granular level information about the market size, country market share, historic market (2018-2022) and forecast (2023-2029)
- The report covers in-detail insights about the competitors overview, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startups details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porters Five Force Analysis in addition to recent technology advancements and innovations in the market
Global Syngas Market Segmentation
By Technology
By End User
- Power Generation
- Chemicals
- Liquids Fuel
- Gaseous Fuel
By Feedstock
- Coal
- Natural Gas
- Petroleum
- Pet-Coke
- Biomass
By Gasifier Type
- Fixed Bed
- Entrained Flow
- Fluidized Bed
Frequently Asked Questions
Based on the feedstock, the coal segment is expected to push the market during the forecast period, owing to the high availability of coal for energy production and the excellent compatibility of feedstock with different technologies for the production of synthetic gases.
The chemical industry and power generation are the major areas that helped to expand the syngas market.
The global Syngas market size was estimated at USD XX billion in 2021 and is anticipated to reach USD XX billion in 2028.
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, 2018 - 2022 and Forecast 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 5.1. Stem Reforming |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 6.1. Power Generation |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 7.1. Coal |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 8.1. Fixed Bed |
| 8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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, 2018 - 2022 and Forecast, 2023 - 2029, (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 ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 10.1. Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 ,2018 - 2022 and Forecast 2023 - 2029 (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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 ,2018 - 2022 and Forecast 2023 - 2029 (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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 ,2018 - 2022 and Forecast 2023 - 2029 (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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 ,2018 - 2022 and Forecast 2023 - 2029 (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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 2018 - 2022 and Forecast 2023 - 2029 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 |
- KBR, Inc.
- Siemens AG
- Haldor Topsoe
- Dow Chemical
- Mitsubishi Heavy Industries
- Iron Company
- Nippon
- GE Energy
- Oxea GmbH
- Methanex
- Royal Dutch Shell
- BASF
- Chicago Bridge
- Linc Energy