Competitive Landscape – Syngas & Derivatives Market

Competitive Landscape - Syngas & Derivatives Market

Browse 199 market data Tables and 63 Figures spread through 261 Pages and in-depth TOC on “Syngas & Derivatives Market”
Syngas & Derivatives Market by Production Technology, Gasifier Type, Feedstock (Coal, Natural Gas, Petroleum Byproducts, Biomass/Waste), Application (Chemicals, Fuel, and Electricity), and Region

The syngas & derivatives market is estimated at 2,45,557 MWth in 2020 and is projected to reach 4,06,860 MWth by 2025, at a CAGR of 10.6% from 2020 to 2025. The chemicals segment is estimated to lead the syngas & derivatives market in 2020, owing to increasing demand for derivatives such as methanol, ammonia, and FT synthesis products to manufacture chemical intermediates for use in chemical synthesis and to manufacture fertilizers and petrochemicals. In addition, high demand for chemical intermediaries in the production of hygiene and sanitization and pharmaceutical products due to outbreak of COVID-19 is anticipated to fuel the growth of syngas and its derivatives in the chemical segment. Manufacture of chemicals and fuels was marked as critical infrastructure and as essential goods and services, which led to continuation in the operations and production of syngas derived chemicals, fuel, and electricity to meet the demand across the world. Furthermore, rising environmental concerns due to excess usage of traditional fuels are expected to fuel the growth of the syngas & derivatives market. 

Major companies such as 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), and others are key players in the syngas & derivatives market. These players have been focusing on developmental strategies, such as expansions, acquisitions, partnerships, and new product developments, which have helped them expand their businesses in untapped and potential markets. They have also been adopting various organic and inorganic growth strategies, such as contracts, agreements, new product developments, acquisitions, and expansions, to enhance their current position in the syngas & derivatives market.

To know about the assumptions considered for the study download the pdf brochure

Air Products and Chemicals Inc. (US) is a leading manufacturer of industrial gases in the world. The company manufactures hydrogen, carbon monoxide, and syngas under the process gases division. Air Products provides coal gasification technology with processes such as Integrated Gasification Combined Cycle (IGCC), polygeneration, Gas-To-Liquids (GTL), Coal-To-Liquids (CTL), Coal-To-Chemicals (CTC), and Substitute Natural Gas (SNG). The company has a geographic presence in over 50 countries.

  • In May 2020, Air Products and Chemicals Inc. and Haldor Topsoe A/S (Denmark) have signed global Alliance Agreement for collaboration on large-scale ammonia, methanol, and/or dimethyl ether projects around the world. The Alliance Agreement provides Air Products access to Topsoe’s technology license(s) and the supply of certain engineering design, equipment, high-performance catalysts and technical services for ammonia, methanol and/or dimethyl ether plants to be built, owned and operated by Air Products. The collaboration allows for the integration of Topsoe’s technology into many Air Products’ technologies including gasification of various feedstocks, and synthesis gas processes.

Sasol Limited (South Africa) is an integrated oil & gas group with a substantial interest in the chemical and energy industry. The company develops and commercializes technologies and builds world-scale facilities to manufacture a range of high-value products, including liquid fuels, chemicals, and low-carbon electricity. The company operates globally through six business segments, including international energy, performance chemicals, base chemicals, mining, exploration & production, and group functions. The company is engaged in providing technology and feedstocks for use in the production of syngas. The company also produces syngas, which is further utilized in the production of chemicals and synthetic fuels.

  • In May 2020, Sasol Limited decided not to divest its downstream fuel retail business as part of its ongoing asset disposal process. The company’s strategy includes growing its fuel retail presence in South Africa and are focused on improving margins by looking for higher value markets for its existing production of fuels. Sasol’s energy business in South Africa has a strong brand of 410 retail convenience centres, which account for 11% of the regulated retail market.

Air Liquide S.A. (France) is one of the leading producers in the syngas & derivatives market. The company has strong product offerings that are distributed across various regions such as the Americas, Europe, Asia Pacific, and the Middle East & Africa. It is primarily focused on inorganic growth strategies such as agreements & contracts to enhance its reach on a global scale, thereby helping it strengthen its product portfolio.

  • In April 2020, Air Liquide S.A. witnessed modest growth the first quarter of 2020 despite the gradual spread of COVID-19 around the world. The company recorded sales growth of +1% in the first quarter of 2020. The company’s sales reached USD 5.9 billion of which Gas & Services business segment recorded USD 5.7 billion sales. Gas & Services and Global Markets & Technologies progressed, while Engineering & Construction sales fell sharply, mainly reflecting the postponement of construction projects for third party clients to a later date. In Gas & Services, which accounts for 96% of Group sales, growth was particularly strong in Healthcare and Electronics. Europe and the Americas continued to post sales growth, while the Asia Pacific region was more penalized by the public health situation, particularly in China.

Request for Sample Report:

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, and 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.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States