DUBLIN--(BUSINESS WIRE)--The "Worldwide Syngas Industry" report has been added to ResearchAndMarkets.com's offering.

The global syngas market reached a volume of 308.8 GWth in 2021. Looking forward, the publisher expects the market to reach 574.5 GWth by 2027, exhibiting a CAGR of 10.3% during 2022-2027.

Companies Mentioned

• Air Products and Chemicals
• Air Liquide
• BASF SE
• BP PLC
• Royal Dutch Shell
• Siemens
• The Linde Group
• General Electric
• Dakota Gasification Company
• SynGas Technology LLC
• TechnipFMC PLC
• OXEA GmbH
• Yara
• John Wood Group
• ECUST

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Syngas, or synthesis gas, is a fuel gas mixture of carbon monoxide, hydrogen, carbon dioxide and trace gases. It is produced through gasification of carbon-containing fuel such as coal when it is exposed to heat, air and water in a closed space. Since syngas has over half of the energy density of natural gas, it can be easily burnt and used as a fuel source. It is carbon-rich and is extensively used to generate Synthetic Natural Gas (SNG), oxo-chemicals, dimethyl ether, hydrogen and ammonia or methanol for industrial applications. It is also used to produce a variety of fertilizers, solvents, fuels and synthetic materials.

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 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 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

7 Market Breakup by Feedstock

8 Market Breakup by Technology

9 Market Breakup by End-Use

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

For more information about this report visit https://www.researchandmarkets.com/r/7ijb12

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Laura Wood, Senior Press Manager
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