The market for syngas is expected to grow at a CAGR of 11.02 % during the forecast period of 2019 – 2024. Major factors driving the market studied are feedstock flexibility for syngas production and the growing chemical industry. High capital investment and funding are expected to hinder the growth of the market studied.
The demand from the chemical industry dominated the market in 2017 and is expected to grow during the forecast period, owing to the increasing demand from the chemical industry. The market is further expected to grow, owing to the rising demand from gaseous fuels.
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For competitor segment, the report includes global key players of Synthesis Gas (Syn Gas) as well as some small players. At least 11 companies are included:
* Royal Dutch Shell
* Haldor Topsoe
* Dow Chemical Co.
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For product type segment, this report listed main product type of Synthesis Gas (Syn Gas) market
* Natural gas
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For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Power generation
* Liquid fuels
* Gaseous fuels
Syngas is one of the widely used fuel gas mixtures, which primarily consists of carbon monoxide and hydrogen. It is often used as fuel in engines and its energy density is about half of natural gas.
Syngas is used to create synthetic natural gas (SNG). It is seen as a viable alternative for usage as fuel in the form of LNG or CNG and it can be used in road, rail, marine, and other transport.
Development of underground coal gasification technology is likely to act as an opportunity in the future.
Asia-Pacific dominated the market across the globe, with the largest consumption, holding a lion’s share in the market, followed by North America and Europe.
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Major Points Covered in Table of Contents:
1 Industry Overview
2 Manufacturing Cost Structure Analysis of Synthesis Gas (Syn Gas) Market
3 Technical Data and Manufacturing Plants Analysis
4 Production Analyses of Synthesis Gas (Syn Gas) Market by Regions, Technology, and Applications
5 Sales and Revenue Analysis of Synthesis Gas (Syn Gas) Market by Regions
6 Analyses of Synthesis Gas (Syn Gas) Market Production, Supply, Sales and Market Status 2019-2025
7 Analysis of Synthesis Gas (Syn Gas) Market industry Key Manufacturers
8 Price and Gross Mar Synthesis Gas (Syn Gas) Analysis
9 Marketing Traders or Distributor Analysis of Synthesis Gas (Syn Gas) Market
10 Development Trend of Synthesis Gas (Syn Gas) Market industries 2019-2025
11 Industry Chain Suppliers of Synthesis Gas (Syn Gas) Market with Contact Information
12 New Project Investment Feasibility Analysis of Synthesis Gas (Syn Gas) Market
13 Conclusion of the Synthesis Gas (Syn Gas) industry 2019 Market Research Report
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