Syngas Market

Global Syngas Market Size, Share, Trends, Forecast: By Gasifier Type: Moving Bed Gasifier, Fluidised Bed Gasifier, Entrained Flow Gasifier, Others; By Feedstock: Coal, Natural Gas, Biomass and Waste, Others; By Technology: Steam Reforming, Partial Oxidation, Others; By Application; Regional Analysis; Competitive Landscape; 2023-2028

Global Syngas Market Outlook

The global syngas market size reached approximately 385.00 thermal GW in 2022. The market is projected to grow at a CAGR of 7.8% between 2023 and 2028, reaching a volume of around 605.31 thermal GW by 2028.

 

Key Trends in the Market

Synthetic gas, also known as syngas, is a combination of gases such as hydrogen, carbon monoxide, small quantities of carbon dioxide, and other trace gases such as methane and hydrocarbon. It is a combustible gas mix produced from solid fuel using high-temperature and high-pressure gasification. It finds applications in gas turbines, as a solid oxide fuel cell anode gas, and as a feedstock for synthetic natural gas and liquid fuels.

 

  • The global syngas market growth is expected to grow during the forecast period due to the increasing demand for this gas in the chemical sector. Syngas is utilised to manufacture synthetic natural gas (SNG), which is then used in trains, ships, and trucks as liquefied natural gas (LNG) and compressed natural gas (CNG).
  • As concerns over climate change and emissions intensify, governments worldwide are imposing strict greenhouse gas regulations and emissions targets while restricting the use of fossil fuels. This is one of the major syngas market trends as syngas is often derived from biomass and sustainable feedstocks, making it an attractive alternative to fossil fuels.
  • Several key advantages such as cost-effectiveness, improved stability in energy supply, and extensive application in fuelling gas engines are enhancing the global syngas market demand. Moreover, the increasing use of syngas in a variety of industrial processes, including chemical manufacturing, power generation, and refining is likely to propel the market in the coming years.

 

Market Analysis

Based on gasifier type, the market can be segmented into moving bed gasifier, fluidised bed gasifier, and entrained flow gasifier, among others. Based on feedstock, the market is categorised into coal, natural gas, and biomass and waste, among others. The global syngas market segmentation, based on technology, includes steam reforming, partial oxidation, autothermal reforming, combined or two-step reforming, and biomass gasification.

 

The market, based on application, includes chemicals, power generation, liquid fuels, and gaseous fuels, among others. The major regional markets for syngas are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report analyses the following key players in the global syngas market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

 

  • Linde plc
  • Shell Plc
  • L’AIR LIQUIDE S.A.
  • Casale SA 
  • Synthesis Energy Systems, Inc. 
  • Sasol Limited 
  • Maire Tecnimont SpA
  • Johnson Matthey Plc
  • Grannus, LLC 
  • Air Products and Chemicals, Inc.
  • Others

 

Market Share by Feedstock

According to the global syngas market analysis, coal is expected to be one of the major feedstocks used in the production of syngas and its derivatives, and it is likely to guide the market development in the coming years. The use of coal in syngas can be associated with its widespread availability for energy generation and its compatibility with various technologies used for syngas production. Additionally, the segment's growth can be attributed to the abundant coal reserves found in countries like China, the United States, and Russia.

 

Market Share by Application

Chemicals are likely to account for a significant syngas market share during the forecast period. This is primarily driven by a growing need for environmentally friendly chemicals to create various end products. Syngas and its derivatives are extensively employed in the chemical sector, particularly in the production of fertilisers, petrochemicals, and oxo chemicals, depending on the ratio of hydrogen to carbon monoxide (H2/CO).

 

Competitive Landscape

Linde plc is a prominent company in the industrial gases and engineering sector, with a history dating back to the 19th century. The company's establishment took place in 2018, following a merger between Linde AG and Praxair, Inc. Currently headquartered in Guildford, the United Kingdom, Linde plc’s primary focus lies in the production and global distribution of an array of industrial gases, encompassing oxygen, nitrogen, argon, carbon dioxide, and specialised gases, among others.

 

Shell Plc, officially known as Royal Dutch Shell Plc, is one of the world's largest and most renowned energy companies, with a rich history dating back to the late 19th century. Headquartered in The Hague, the Netherlands, and incorporated in the United Kingdom, Shell is a global leader in the energy sector, operating in multiple segments, including oil and gas exploration, production, refining, distribution, and marketing, as well as a growing focus on renewable energy and sustainable solutions.

 

L’AIR LIQUIDE S.A., commonly known as Air Liquide, is a global company operating in the industrial gases and services sector, boasting a history that spans more than a century. The company was established in France back in 1902 and has since evolved into one of the foremost suppliers of industrial gases on a worldwide scale. In addition to its gas-related offerings, Air Liquide also provides a range of associated services and cutting-edge technologies.

 

Other global syngas market players include Casale SA, Synthesis Energy Systems, Inc., Sasol Limited, Maire Tecnimont SpA, Johnson Matthey Plc, Grannus, LLC, and Air Products and Chemicals, Inc., among others.

 

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:

  • Gasifier Type
  • Feedstock
  • Technology
  • Application
  • Region
Breakup by Gasifier Type
  • Moving Bed Gasifier
  • Fluidised Bed Gasifier
  • Entrained Flow Gasifier
  • Others
Breakup by Feedstock
  • Coal
  • Natural Gas
  • Biomass and Waste
  • Others
Breakup by Technology
  • Steam Reforming
  • Partial Oxidation
  • Autothermal Reforming
  • Combined or Two-step Reforming
  • Biomass Gasification
Breakup by Application
  • Chemicals
  • Power Generation
  • Liquid Fuels
  • Gaseous Fuels
  • 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
  • Linde plc
  • Shell Plc
  • L’AIR LIQUIDE S.A.
  • Casale SA 
  • Synthesis Energy Systems, Inc. 
  • Sasol Limited 
  • Maire Tecnimont SpA
  • Johnson Matthey Plc
  • Grannus, LLC 
  • Air Products and Chemicals, Inc.
  • Others

 

*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    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Syngas Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Syngas Historical Market (2018-2022) 
    8.3    Global Syngas Market Forecast (2023-2028)
    8.4    Global Syngas Market by Gasifier Type
        8.4.1    Moving Bed Gasifier
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Fluidised Bed Gasifier
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
        8.4.3    Entrained Flow Gasifier
            8.4.3.1    Historical Trend (2018-2022)
            8.4.3.2    Forecast Trend (2023-2028)
        8.4.4    Others
    8.5    Global Syngas Market by Feedstock 
        8.5.1    Coal
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Natural Gas
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    Biomass and Waste
            8.5.3.1    Historical Trend (2018-2022)
            8.5.3.2    Forecast Trend (2023-2028)
        8.5.4    Others
    8.6    Global Syngas Market by Technology
        8.6.1    Steam Reforming
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Partial Oxidation
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Autothermal Reforming
            8.6.3.1    Historical Trend (2018-2022)
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Combined or Two-step Reforming
            8.6.4.1    Historical Trend (2018-2022)
            8.6.4.2    Forecast Trend (2023-2028)
        8.6.5    Biomass Gasification
            8.6.5.1    Historical Trend (2018-2022)
            8.6.5.2    Forecast Trend (2023-2028)
    8.7    Global Syngas Market by Application
        8.7.1    Chemicals
            8.7.1.1    Historical Trend (2018-2022)
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Power Generation
            8.7.2.1    Historical Trend (2018-2022)
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Liquid Fuels
            8.7.3.1    Historical Trend (2018-2022)
            8.7.3.2    Forecast Trend (2023-2028)
        8.7.4    Gaseous Fuels
            8.7.4.1    Historical Trend (2018-2022)
            8.7.4.2    Forecast Trend (2023-2028)
        8.7.5    Others
    8.8    Global Syngas Market by Region
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2022)
            8.8.1.2    Forecast Trend (2023-2028)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2022)
            8.8.2.2    Forecast Trend (2023-2028)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2022)
            8.8.3.2    Forecast Trend (2023-2028)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2022)
            8.8.4.2    Forecast Trend (2023-2028)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2022)
            8.8.5.2    Forecast Trend (2023-2028)
9    North America Syngas Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022)
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022)
        9.2.2    Forecast Trend (2023-2028)
10    Europe Syngas Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022)
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022)
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022)
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022)
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Syngas Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022)
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022)
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022)
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022)
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022)
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Syngas Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022)
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022)
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022)
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Syngas Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022)
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022)
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022)
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022)
        13.4.2    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    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Linde plc 
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Shell Plc 
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    L’AIR LIQUIDE S.A. 
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Casale SA 
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Synthesis Energy Systems, Inc. 
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Sasol Limited 
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Maire Tecnimont SpA 
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Johnson Matthey Plc 
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Grannus, LLC  
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    Air Products and Chemicals, Inc. 
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Syngas Market: Key Industry Highlights, 2018 and 2028
2.    Global Syngas Historical Market: Breakup by Gasifier Type (Thermal GW), 2018-2022
3.    Global Syngas Market Forecast: Breakup by Gasifier Type (Thermal GW), 2023-2028
4.    Global Syngas Historical Market: Breakup by Feedstock (Thermal GW), 2018-2022
5.    Global Syngas Market Forecast: Breakup by Feedstock (Thermal GW), 2023-2028
6.    Global Syngas Historical Market: Breakup by Technology (Thermal GW), 2018-2022
7.    Global Syngas Market Forecast: Breakup by Technology (Thermal GW), 2023-2028
8.    Global Syngas Historical Market: Breakup by Application (Thermal GW), 2018-2022
9.    Global Syngas Market Forecast: Breakup by Application (Thermal GW), 2023-2028
10.    Global Syngas Historical Market: Breakup by Region (Thermal GW), 2018-2022
11.    Global Syngas Market Forecast: Breakup by Region (Thermal GW), 2023-2028
12.    North America Syngas Historical Market: Breakup by Country (Thermal GW), 2018-2022
13.    North America Syngas Market Forecast: Breakup by Country (Thermal GW), 2023-2028
14.    Europe Syngas Historical Market: Breakup by Country (Thermal GW), 2018-2022
15.    Europe Syngas Market Forecast: Breakup by Country (Thermal GW), 2023-2028
16.    Asia Pacific Syngas Historical Market: Breakup by Country (Thermal GW), 2018-2022
17.    Asia Pacific Syngas Market Forecast: Breakup by Country (Thermal GW), 2023-2028
18.    Latin America Syngas Historical Market: Breakup by Country (Thermal GW), 2018-2022
19.    Latin America Syngas Market Forecast: Breakup by Country (Thermal GW), 2023-2028
20.    Middle East and Africa Syngas Historical Market: Breakup by Country (Thermal GW), 2018-2022
21.    Middle East and Africa Syngas Market Forecast: Breakup by Country (Thermal GW), 2023-2028
22.    Global Syngas Market Structure

Key Questions Answered in the Report

In 2022, the market reached an approximate volume of 385.00 thermal GW.

The market is projected to grow at a CAGR of 7.8% between 2023 and 2028.

The market is estimated to witness healthy growth in the forecast period of 2023-2028 to reach around 605.31 thermal GW by 2028.

The market is driven by the increasing demand for the product from the chemical sector and growing applications of syngas in different sectors.

The increasing focus of government and organisations on alternative fuel sources and the rising use of syngas owing to various benefits is likely to propel the market development in the forecast period.

The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The different feedstocks of the product are coal, natural gas, and biomass and waste, among others.

The key players in the market include Linde plc, Shell Plc, L’AIR LIQUIDE S.A., Casale SA, Synthesis Energy Systems, Inc., Sasol Limited, Maire Tecnimont SpA, Johnson Matthey Plc, Grannus, LLC, and Air Products and Chemicals, Inc., among others.

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