Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Gas to Liquid (GTL) Market Outlook

The global gas to liquid (GTL) market is expected to grow at a CAGR of 6.1% during the period 2024-2032. North America, Europe and Asia are expected to be key markets.

Global Gas to Liquid (GTL) Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Global Market Likely to be Driven by Increasing Demand for Clean Energy

Gas-to-liquid (GTL) technology is used to convert natural gas (the cleanest-burning fossil fuel) into high-quality liquid products which would be otherwise manufactured from crude oil. These products include transport fuels, motor oils and items related to daily necessities like plastics, detergents and cosmetics. In other words, gas to liquid (GTL) is a process that converts natural gas into liquid fuels such as gasoline, jet fuel, and diesel. It can also be used to make waxes. The most common technique used at gas to liquid (GTL) facilities is Fischer-Tropsch (F-T) synthesis.

Gas-to-liquid (GTL) products are odourless and colourless, and carry almost none of the impurities (such as sulphur, aromatics and nitrogen) found in crude oil. Gas-to-liquid (GTL) production can enable nations with natural gas resources to grow their economies as novel gas supplies come on-stream to fulfil growing global demand for liquid products.

Global Gas to Liquid (GTL) Market Expected to Grow as Authorities Look for Solutions to Air Pollution

While global demand for energy grows, urban authorities and public transport operators seek immediate solutions to cope with air pollution in cities. Gas-to-liquid (GTL) fuel can offer a solution that helps decrease emissions. With a high cetane number and burning more cleanly, gas-to-liquid (GTL) fuel releases lesser nitrogen oxides (NOx), sulphur oxides (SOx) and particulate matter (PM) than conventional diesel. Leading companies such as Shell offer Gas-to-liquid (GTL) fuel that can be used without modifications in existing fleets, and in new as well as old diesel vehicles, enabling firms to immediately decrease local emissions.

Benefits of gas-to-liquid (GTL) fuel include:

  • Decreased local emissions (NOx, SOx, PM/soot).
  • Easy integration in and old heavy-duty vehicles.
  • Ready switchover from diesel fuel; no need for infrastructure investment.
  • Possible reduction in engine noise.
  • Gas-to-liquid (GTL) fuel is non-toxic, odourless, and readily biodegradable, and has a low hazard rating, being a paraffinic fuel.

Increasing Demand for Mobility and Growing Pressure on the Transport Sector Likely to Stimulate Global Gas to Liquid (GTL) Market

As demand for mobility grows, there is increased pressure on the transport businesses to decrease their ecological impact. With strengthening of environmental regulations, urban authorities and public transport operators today seek immediate solutions to cope with air pollution in cities and urban areas.

Gas-to-liquid (GTL) fuel may be used in buses, trucks, trains, diggers, cranes, power generators, offshore vessels or passenger cruise ships. In Europe, it is commonly used in public buses, city utility vehicles, heavy-duty trucks, offshore vessels, inland barge, tourist boats and cruise ships.

Emerging Nations Expected to Drive Market Growth

Over the past two decades, strong growth in emerging nations has increased global oil consumption. With growing global population, especially in developing nations, the demand for energy is expected to further increase. Transportation accounts for a significant percentage of global energy consumption, driven by rising sales of relatively affordable motor vehicles. Leading firms seek to expand their capacities to meet growing demand. For example, Sasol seeks to construct more gas-to-liquid facilities that are at various stages of development. The company’s most advanced plans are in Nigeria, Uzbekistan, Canada and the United States, all countries with significant natural gas resources.

Market Segmentation

Global Gas to Liquid (GTL) Market by Segments

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

By product, the market is segmented into:

  • GTL Diesel
  • GTL Naphtha

By application, the market is divided into:

  • Fuel Oil
  • Lubricating Oil
  • Process Oil
  • Others

By region, the market is classified into:

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

Global Gas to Liquid (GTL) Market by Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Key Industry Players in the Global Gas to Liquid (GTL) Market

The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Royal Dutch Shell Plc
  • Chevron Corporation
  • Sasol Limited
  • PetroSA
  • Velocys Plc
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Application
  • Region
Breakup by Product
  • GTL Diesel
  • GTL Naphtha
Breakup by Application
  • Fuel Oil
  • Lubricating Oil
  • Process Oil
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Royal Dutch Shell Plc
  • Chevron Corporation
  • Sasol Limited
  • PetroSA
  • Velocys Plc
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

Looking for specific insights?

Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!

Key Questions Answered in the Report

The global gas to liquid (GTL) market is projected to grow at a CAGR of 6.1% between 2024 and 2032.

The major drivers of the market include the development of stringent environmental regulations, rising transportation requirements, increasing demand for the Fischer-Tropsch (FT) route, and increasing power demand from burgeoning end-use industries.

Increasing concerns over fossil fuel depletion and growing demand for alternative energy sources are the key industry trends propelling the market's growth.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The various products in the market are GTL diesel and GTL naphtha.

The significant applications include fuel oil, lubricating oil, and process oil, among others.

The major players in the industry are Royal Dutch Shell Plc, Chevron Corporation, Sasol Limited, PetroSA, and Velocys Plc, among others.

How To Order

Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.

Select License Type

Choose the right license for your needs and access rights.

Click on ‘Buy Now’

Add the report to your cart with one click and proceed to register.

Select Mode of Payment

Choose a payment option for a secure checkout. You will be redirected accordingly.

Pricing Plans

Purchase Full Report

Datasheet

 

USD 2,199

USD 1,999

tax inclusive*

  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

One User

USD 3,299

USD 2,999

tax inclusive*

  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

Five Users

USD 4,399

USD 3,999

tax inclusive*

  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

Unlimited Users

USD 5,499

USD 4,999

tax inclusive*

  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Connect For More Information

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.

Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.

We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.

Strategic Solutions for Informed Decision-Making

Back to top

We’re here to help answer any questions about our products and services.

Contact us

Locations


United States (Head Office)

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

Australia

63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

India

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

Philippines

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.

+63 287899028, +63 967 048 3306

United Kingdom

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

Vietnam

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124