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Global Petcoke Gasification Market 2017-2021

Global Petcoke Gasification Market 2017-2021

About Petcoke Gasification

Gasification is a process that converts carbon material, biomass, or municipal waste into another form of energy or products. It converts solid as well as liquid end-products into gas through a chemical reaction. The process works by combining carbon-based materials, which are known as feedstock. The process involves combining the feedstock with small quantities of oxygen. Thus, during the gasification process, the carbon molecules are broken down into a mixture of carbon monoxide (CO) and hydrogen, which is known as syngas.

Technavio’s analysts forecast the global petcoke gasification market to grow at a CAGR of 16.55% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global petcoke gasification market for 2017-2021. To calculate the market size, the report considers the new installations and planned projects.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Petcoke Gasification Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Air Liquide
  • GE Energy
  • Royal Dutch Shell
  • RWE
  • Siemens
Other prominent vendors
  • CB&I
  • Huaneng Clean Energy Research Institute
  • KBR
  • KEPCO-Uhde
  • Northwest Research Institute of Chemical Industry, Shaanxi
  • Sedin
  • Synthesis Energy Systems
Market driver
  • Increasing refinery margins
  • For a full, detailed list, view our report
Market challenge
  • High project capital costs
  • For a full, detailed list, view our report
Market trend
  • Carbon capture and storage through petcoke gasification
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Petcoke Gasification Market 2017-2021

Technavio recognizes the following companies as the key players in the global petcoke gasification market: Air Liquide, GE Energy, Royal Dutch Shell, RWE, and Siemens.

Other Prominent Vendors in the market are: CB&I, Huaneng Clean Energy Research Institute, KBR, KEPCO-Uhde, Northwest Research Institute of Chemical Industry, Shaanxi, Sedin, and Synthesis Energy Systems.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is carbon capture and storage through petcoke gasification. Petcoke gasification plays an important role in the field of carbon capture and storage. The end products of the petcoke gasification process produce CO₂, 90% of which can be captured. This will help in the reduction of emissions of CO₂, which is a major greenhouse gas.”

According to the report, one of the major drivers for this market is increasing refinery margins. Petcoke, which is the end product of the crude oil refining value chain, is usually sold as a waste product to power plants as fuel and to other industries such as cement manufacturing and blast furnaces. The petcoke produced in a refinery depends on the type of crude oil; from lighter crude oil, petcoke production is lower but keeps on increasing once the refining of heavier crude oils begins. Refiners look for ways to convert petcoke into useful products to increase their bottom-of-the-barrel margins. One way of doing this is through the petcoke gasification process, where refiners convert low-grade carbon residues to high-grade petroleum products.

Further, the report states that one of the major factors hindering the growth of this market is high project capital costs. The high cost of installation of gasification plants is a major challenge that affects the growth of the petcoke gasification market. High investments in gasification, especially for new power generation, is hindering the market growth because of the high upfront cost. Though gasification uses relatively inexpensive fuel such as petcoke, the cost to construct and operate a gasification plant can be significantly high. However, a gasification project must be cost-effective during power production in conventional coal and natural gas plants. Thus, the high initial cost hinders the growth of the market.

Companies Mentioned

Air Liquide, GE Energy, Royal Dutch Shell, RWE, Siemens, CB&I, Huaneng Clean Energy Research Institute, KBR, KEPCO-Uhde, Northwest Research Institute of Chemical Industry, Shaanxi, Sedin, and Synthesis Energy Systems.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
    • Technological overview
      • Table Different stages in typical petroleum value chain
      • Table Downstream supply chain
      • Table Petroleum downstream activities stages
    • Refining process
      • Table Refinery efficiency 1946 versus 2016
      • Table Different products of refinery distillation process
    • Gasification
  • Market landscape
    • Market overview
      • Table Global petcoke gasification market
    • Market size and forecast
      • Table Global petcoke gasification market 2016-2021 (GW)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global petcoke gasification market by application
      • Table Global petcoke gasification market by application 2016 and 2021 (%)
      • Table Global petcoke gasification market by application 2016-2021 (GW)
    • Global petcoke gasification market in power generation sector
      • Table Global petcoke gasification market in power generation sector 2016-2021 (GW)
    • Global petcoke gasification market in chemical sector
      • Table Global petcoke gasification market in chemical sector 2016-2021 (GW)
    • Global petcoke gasification market in gaseous fuel sector
      • Table Global petcoke gasification market in gaseous fuel sector 2016-2021 (GW)
  • Geographical segmentation
    • Global petcoke gasification market by geography
      • Table Global petcoke gasification market by geography 2016 and 2021 (%)
      • Table Global petcoke gasification market by geography 2016-2021 (GW)
    • Petcoke gasification market in APAC
      • Table Petcoke gasification market in APAC 2016-2021 (GW)
    • Petcoke gasification market in EMEA
      • Table Petcoke gasification market in EMEA 2016-2021 (GW)
      • Table Refineries with high Nelson index in Europe
    • Petcoke gasification market in Americas
      • Table Petcoke gasification market in Americas 2016-2021 (GW)
      • Table Refineries with high Nelson index in North America
      • Table Integrated gasification combined cycle (IGCC) plants using petcoke as feedstock
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Benefits of gasification
      • Table Heavy crude oil production by major upstream companies 2015 (%)
      • Table Nelson Index of refineries worldwide
      • Table World energy consumption 2000-2040 (quadrillion Btu)
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
      • Table Sulfur limits outside emission control areas
      • Table Emission control areas
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
    • Development of zero COemission technology
      • Table Products produced from petcoke (%)
    • Carbon capture and storage through petcoke gasification
    • Increasing size of gasification projects
  • Vendor landscape
    • Competitor landscape
    • Other prominent vendors
      • Table Other prominent vendors (indicative list)
  • Key vendor analysis
    • Air Liquide
    • GE Energy
    • Royal Dutch Shell
    • RWE
    • Siemens
  • Appendix
    • List of abbreviations
  • Explore Technavio

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