CHICAGO, June 25, 2020 /PRNewswire/ -- According to the new market research report "Syngas & Derivatives Market by Production Technology, Gasifier Type, Feedstock (Coal, Natural Gas, Petroleum Byproducts, Biomass/Waste), Application (Chemicals, Fuel, And Electricity), and Region – Global Forecast To 2025", published by MarketsandMarkets™, the Syngas & Derivatives Market in 2020 is estimated at 2,45,557 MWth and is projected to reach 4,06,860 MWth by 2025, at a CAGR of 10.6% from 2020 to 2025.
Request for PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1178
Browse in-depth TOC on "Syngas & Derivatives Market"
199 – Tables
63 – Figures
261 – Pages
View Detailed Table of Content Here:
https://www.marketsandmarkets.com/Market-Reports/syngas-market-1178.html
Rising environmental concerns have been the major driver for the growth of the syngas & derivatives market in order to provide alternative methods of fuel production. Polygeneration of derivatives from syngas and flexibility in the use of feedstocks to produce syngas and its derivatives are the factors driving the syngas & derivatives market growth. Furthermore, outbreak of COVID-19 pandemic is anticipated to fuel the consumption of syngas derived chemical intermediaries in health and hygiene products.
Chemicals segment accounts for the largest share of the syngas & derivatives market
The chemicals segment is estimated to lead the syngas & derivatives market in 2020, due to the rising demand for chemicals for the production of syngas & derivatives from methanol, ammonia, and Fischer-Tropsch synthesis products. Chemicals such as methanol are used as fuel as well as feedstock, which makes it the most important chemical from synthesis. Ammonia being the major chemical for manufacturing fertilizers drives the growth of the chemical segment in the syngas & derivatives market. Moreover, despite lockdown in several countries and low demand for goods and services, manufacture of syngas derived chemical intermediaries and fuels were considered as critical infrastructure and essential goods and services leading to sustained demand for syngas and its derivatives in the first half of 2020.
Biomass/waste segment is estimated to witness fastest growth in the syngas & derivatives market, during the foreast period
Based on feedstock, the biomass/waste segment is estimated to witness highest growth in the syngas & derivatives market during the foreast period. Increasingly stringent environmental guidelines across developed and developing economies, as well as the reducing coal & natural gas reserves, have accelerated the adoption and growth of biomass/waste feedstock in the production of syngas & derivatives. Biomass/waste is used as feedstock to produce syngas & derivatives as clean and renewable energy, which can be used in chemical, fuel, and electricity applications.
Inquire Now for more details:
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1178
Asia Pacific is expected to witness the fastest growth in the syngas & derivatives market during the forecast period
The syngas & derivatives market in the Asia Pacific region is projected to grow at the highest CAGR between 2020 and 2025. China, India, and Japan together accounted for the major share of the Asia Pacific syngas & derivatives market in 2019. This growth can be attributed to the increasing demand for syngas & derivatives from the region's chemicals, fuel, and electricity industries, particularly in China and India. The region is a lucrative market for chemicals and fuel production. Outbreak of COVID-19 from China and the impact of coronavirus in Japan, South Korea, Autralia, and India has caused a trivial decrease in the consumption of syngas and its derivatives. However, syngas as clean and renewable energy and important source for the production of chemical intermediaries is anticipated to witness growth during the forecast period.
Key market players covered in this report includes Sasol Limited (South Africa), Haldor Topsoe A/S (Denmark), Air Liquide S.A.(France), Siemens AG (Germany), Air Products and Chemicals Inc. (US), KBR Inc. (US), Linde plc (UK), BASF SE (Germany), TechnipFMC PLC (UK), McDermott International, Inc. (US), Mitsubishi Heavy Industries, Ltd. (Japan), Chiyoda Corporation (Japan), Synthesis Energy Systems, Inc. (US), Yara International ASA (Norway), Methanex Corporation (Canada), CF Industries Holdings, Inc. (US), Dow Inc. (US), and John Wood Group PLC (UK), among others.
Get 10% Free Customization on this Report:
https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=1178
Related Report:
Flue Gas Desulfurization Systems Market by Type (Wet, Dry & Semi-Dry), End-Use Industry (Power Generation, Chemical, Iron & Steel, Cement Manufacturing), Installation (Greenfield and Brownfield), and Region - Global Forecast to 2025
https://www.marketsandmarkets.com/Market-Reports/flue-gas-desulfurization-systems-market-862.html
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Visit Our Website: https://www.marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/syngas-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/syngas.asp
SOURCE MarketsandMarkets
![](https://rt.prnewswire.com/rt.gif?NewsItemId=IO46442&Transmission_Id=202006250730PR_NEWS_USPR_____IO46442&DateId=20200625)
Share this article