Global Syngas Market 2018-2022
About global syngas
The ability of syngas to be produced from a wide variety of feedstock such as coal, natural gas, petcoke, and biomass is impacting the market growth positively. The flexibility reduces the dependency on a raw material for producing syngas
Technavio’s analysts forecast the global syngas market to grow at a CAGR of 17.81% during the period 2017-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global syngas market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of syngas based on application, feedstock and geography.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Syngas Market 2018-2022
Technavio recognizes the following companies as the key players in the global syngas market: Air Liquide, Air Products and Chemicals, Royal Dutch Shell, SASOL, Siemens, The Linde Group
Commenting on the report, an analyst from Technavio’s team said: “One trend that is affecting the market is Increasing use of UCG”
According to the report, one driver that is affecting the market is flexibility in feedstock”
Further, the report states that one challenge that is affecting the market is high capital expenditure requirement”
Air Liquide, Air Products and Chemicals, Royal Dutch Shell, SASOL, Siemens, The Linde Group