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Global Gas to Liquid (GTL) Market: By Product: GTL Diesel, GTL Naphtha; By Application: Fuel Oil, Lubricating Oil, Process Oil, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; Industry Events and Developments

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 2023-2028. North America, Europe and Asia are expected to be key markets.

 

Global Gas to Liquid (GTL) Market

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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

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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

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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 2022
Historical Period 2018-2022
Forecast Period 2023-2028
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
  • Porter's Five Forces
  • 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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Gas to Liquid (GTL) Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Gas to Liquid (GTL) Historical Market (2018-2022) 
    8.3    Global Gas to Liquid (GTL) Market Forecast (2023-2028)
    8.4    Global Gas to Liquid (GTL) Market by Product
        8.4.1    GTL Diesel
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    GTL Naphtha
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
    8.5    Global Gas to Liquid (GTL) Market by Application
        8.5.1    Fuel Oil
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Lubricating Oil
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Process Oil
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Others    
    8.8    Global Gas to Liquid (GTL) Market by Region
        8.8.1    North America
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2018-2022) 
            8.8.1.3    Forecast Trend (2023-2028)
        8.8.2    Europe
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2018-2022) 
            8.8.2.3    Forecast Trend (2023-2028)
        8.8.3    Asia Pacific
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2018-2022) 
            8.8.3.3    Forecast Trend (2023-2028)
        8.8.4    Latin America
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2018-2022) 
            8.8.4.3    Forecast Trend (2023-2028)
        8.8.5    Middle East and Africa
            8.8.5.1    Market Share
            8.8.5.2    Historical Trend (2018-2022) 
            8.8.5.3    Forecast Trend (2023-2028)
9    North America Gas to Liquid (GTL) Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Gas to Liquid (GTL) Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Gas to Liquid (GTL) Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Gas to Liquid (GTL) Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Gas to Liquid (GTL) Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1     Royal Dutch Shell Plc
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Chevron Corporation
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Sasol Limited
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    PetroSA
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
            16.2.3.4    Certifications
        16.2.5    Velocys Plc
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market

 

List of Figures and Tables

1.    Global Gas to Liquid (GTL) Market: Key Industry Highlights, 2018 and 2028
2.    Global Gas to Liquid (GTL) Historical Market: Breakup by Product (USD Million), 2018-2022
3.    Global Gas to Liquid (GTL) Market Forecast: Breakup by Product (USD Million), 2023-2028
4.    Global Gas to Liquid (GTL) Historical Market: Breakup by Applications (USD Million), 2018-2022
5.    Global Gas to Liquid (GTL) Market Forecast: Breakup by Applications (USD Million), 2023-2028
6.    Global Gas to Liquid (GTL) Historical Market: Breakup by Region (USD Million), 2018-2022
7.    Global Gas to Liquid (GTL) Market Forecast: Breakup by Region (USD Million), 2023-2028
8.    North America Gas to Liquid (GTL) Historical Market: Breakup by Country (USD Million), 2018-2022
9.    North America Gas to Liquid (GTL) Market Forecast: Breakup by Country (USD Million), 2023-2028
10.    Europe Gas to Liquid (GTL) Historical Market: Breakup by Country (USD Million), 2018-2022
11.    Europe Gas to Liquid (GTL) Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Asia Pacific Gas to Liquid (GTL) Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Asia Pacific Gas to Liquid (GTL) Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Latin America Gas to Liquid (GTL) Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Latin America Gas to Liquid (GTL) Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Middle East and Africa Gas to Liquid (GTL) Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Middle East and Africa Gas to Liquid (GTL) Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Global Gas to Liquid (GTL) Market Structure

Key Questions Answered in the Report

The global gas to liquid (GTL) market is projected to grow at a CAGR of 6.1% between 2023 and 2028.

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.

Analyst Review

The global gas to liquid (GTL) market was driven by the increasing concerns over fossil fuel depletion in the historical period. Aided by the development of stringent environmental regulations and growing demand for alternative energy sources, the market is expected to witness further growth in the forecast period of 2023-2028, growing at a CAGR of 6.1%.

EMR's meticulous research methodology delves deep into the market covering the macro and micro aspects of the industry. 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 regional markets for gas to liquid (GTL) are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The major players in the industry are Royal Dutch Shell Plc, Chevron Corporation, Sasol Limited, PetroSA, and Velocys Plc, among others.

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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