Global Syngas Market Report 2024: The Market is Projected to Reach 521.7 MM Nm3/h by 2032, Exhibiting a Growth Rate (CAGR) of 9% During 2023-2032

Dublin, May 21, 2024 (GLOBE NEWSWIRE) -- The "Global Syngas Market Report by Gasifier Type, Feedstock, Technology, End-Use, and Region 2024-2032" report has been added to's offering.

The global syngas market size reached 239.7 MM Nm3/h in 2023 and looking forward, the market is projected to reach 521.7 MM Nm3/h by 2032, exhibiting a growth rate (CAGR) of 9.03% during 2023-2032.

Growing demand for syngas from the chemical industry is one of the key factors driving the market growth. Furthermore, syngas is primarily used to produce SNG that is used in the form of Liquified Natural Gas (LNG) and Compressed Natural Gas (CNG) in rail, marine and road transportation industries. It can also be used to fuel gas engines for power supply owing to benefits such as low energy costs, increased stability and predictability. Moreover, the development of underground coal gasification (UCG) method is also creating a positive outlook for the market. It facilitates the completion of in-situ gasification process that converts coal into syngas.

This is catalyzing the market growth as it reduces the need to transport the feedstock to the gasification plants, which consequently provides significant cost benefits. Additionally, growing environmental consciousness and stringent government regulations regarding the usage of clean fuels are also significantly contributing to the market growth. Syngas is crucial in reducing the waste pollution in landfills and greenhouse gases from the atmosphere.

Key Market Segmentation

This report provides an analysis of the key trends in each sub-segment of the global syngas market report, along with forecasts at the global and regional level from 2024-2032. The report has categorized the market based on gasifier type, feedstock, technology and end-use.

Breakup by Gasifier Type:

  • Fixed Bed
  • Fluidized Bed
  • Entrained Flow

Breakup by Feedstock:

  • Coal
  • Natural Gas
  • Petroleum
  • Pet-Coke
  • Biomass and Waste

Breakup by Technology:

  • Steam Reforming
  • Partial Oxidation
  • Combined or Two-Step Reforming
  • Auto Thermal Reforming
  • Others

Breakup by End-Use:

  • Chemicals
  • Ammonia
  • Gas to liquid
  • Hydrogen
  • Methanol
  • N-Butanol
  • Dimethyl Ether
  • Liquid Fuels
  • Gaseous Fuels
  • Power Generation

Breakup by Region:

  • Asia Pacific
  • Europe
  • North America
  • Middle East and Africa
  • Latin America

Competitive Landscape

The report has also analysed the competitive landscape of the market with some of the key players being Air Products and Chemicals, Air Liquide SA, BASF SE, BP PLC, Royal Dutch Shell plc (Shell plc), Siemens AG, Linde plc, General Electric (GE) Company, Dakota Gasification Company, SynGas Technology LLC, TechnipFMC PLC, OXEA GmbH, Yara International ASA, John Wood Group PLC, and ECUST.

This report provides a deep insight into the global syngas market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the syngas market in any manner.

Key Questions Answered in This Report

  • How has the global syngas market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global syngas industry?
  • What are the key regional markets in the global syngas industry?
  • What is the breakup of the market based on the gasifier type?
  • What is the breakup of the market based on the feedstock?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the end-use?
  • What are the various stages in the value chain of the global syngas industry?
  • What are the key driving factors and challenges in the global syngas industry?
  • What is the structure of the global syngas industry and who are the key players?
  • What is the degree of competition in the global syngas industry?

Key Attributes:

Report AttributeDetails
No. of Pages134
Forecast Period2023 - 2032
Estimated Market Value in 2023239.7 MM Nm3
Forecasted Market Value by 2032521.7 MM Nm3
Compound Annual Growth Rate9.0%
Regions CoveredGlobal

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Syngas Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Gasifier Type
5.5 Market Breakup by Feedstock
5.6 Market Breakup by Technology
5.7 Market Breakup by End-Use
5.8 Market Breakup by Region
5.9 Market Forecast

6 Market Breakup by Gasifier Type
6.1 Fixed Bed
6.2 Fluidized Bed
6.3 Entrained Flow

7 Market Breakup by Feedstock
7.1 Coal
7.2 Natural Gas
7.3 Petroleum
7.4 Pet-Coke
7.5 Biomass and Waste

8 Market Breakup by Technology
8.1 Steam Reforming
8.2 Partial Oxidation
8.3 Combined or Two-Step Reforming
8.4 Auto Thermal Reforming
8.5 Others

9 Market Breakup by End-Use
9.1 Chemicals
9.1.1 Market Trends
9.1.2 Market Breakup by Type Ammonia Gas to liquid Hydrogen Methanol N-Butanol Dimethyl Ether
9.1.3 Market Forecast
9.2 Liquid Fuels
9.3 Gaseous Fuels
9.4 Power Generation

10 Market Breakup by Region

11 SWOT Analysis

12 Value Chain Analysis

13 Porters Five Forces Analysis

14 Price Analysis

15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players

  • Air Products and Chemicals
  • Air Liquide
  • BASF
  • BP
  • Royal Dutch Shell
  • Siemens
  • Linde
  • General Electric (GE)
  • Dakota Gasification
  • SynGas Technology
  • TechnipFMC
  • OXEA
  • Yara International
  • John Wood Group

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