Synthesis Gas Market Poise 117,400 MW Thermal by 2018

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MarketsandMarkets Presents
Syngas Market Poise 117,400 MW Thermal by 2018

http//www.marketsandmarkets.com/Market-Reports/sy
ngas-market-1178.html
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The report Syngas Market  Derivatives
(Methanol, Ammonia, Hydrogen, Oxo Chemicals,
N-Butanol, DME) Market, by End Use Application,
Feedstock, Technology Gasifier Type - Global
Trends Forecast to 2018 defines and segments
the syngas and its derivatives market with
analysis and forecasting of the syngas and its
derivatives consumption. The syngas consumption
for various end usage will grow to 117,400 MW
thermal by 2018, with a high CAGR from 2013 to
2018. Browse gtgt 156 data
tables 86 figures
384 pages and in-depth TOC on
Synthesis gas market http//www.marketsandmarke
ts.com/Market-Reports/syngas-market-1178.html Ear
ly buyers will receive 10 customization of
reports.
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The syngas and derivatives market is mainly
driven by high demand for fuels, chemicals, and
electricity. Other factors which are driving the
market are polygeneration, and feedstock
flexibility. Polygeneration enables the process
to simultaneously produce chemicals and fuels
along with power generation, whereas, feedstock
flexibility allows the production from a variety
of sources increasing the commercial viability of
syngas. Lack of funds and high capital
requirements have proven to be a major restraint
for the market. The time required for building a
plant from initial design phase to final
completion phase is considerably high, which
results in the overshooting of the budget.
However, the focus towards advanced technology
and reducing dependency on crude oil continues to
strengthen the market. The other market
opportunities include utilization of stranded gas
reserves for a GTL (gas to liquid) plant which in
turn can produce liquid fuels for the future
generations.
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ngas-market-1178.html
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Syngas is majorly used for the production of
chemicals such as ammonia, methanol, hydrogen,
and others. Ammonia is used for the production of
nitrogen fertilizer which is essential for plant
growth. Due to rising population and their
subsequent requirement for food crops, ammonia is
experiencing a steady increase in demand.
Methanol is another syngas derivative which is
anticipated to grow with a double digit CAGR due
to increasing usage for fuels applications.
Various MTP (methanol to propylene) / MTO
(methanol to Olefin) plants have also been
announced, which are driving the methanol demand,
particularly in China. Hydrogen is essential for
many refinery operations such as ammonia
production and hydro treating applications.
Similarly, growth in the butyl acrylate industry
is driving the oxo alcohols market such as
n-butanol. DME (dimethyl ether) is anticipated to
grow due to increased demand from the LPG
blending application.
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ngas-market-1178.html
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The report covers the syngas and derivatives
market and its trends concerning five regions,
namely Asia-Pacific, North America, Middle East
Africa, Europe, and South America and the major
countries in each region such as China, U.S.,
Qatar, Germany, South Africa, and others. The
various end-use applications of syngas such as
chemical, liquid fuels, power generation, and
gaseous fuels are covered. Chemical derivatives
such as methanol, ammonia, oxo chemicals,
n-butanol, hydrogen, and DME (Dimethyl Ether) are
included along with their production figures and
consumption trends. The types of technology are
steam reforming, partial oxidation, autothermal
reforming, combined or two-step reforming, and
biomass gasification. The report also covers
syngas production by feedstock such as coal,
natural gas, petroleum, and biomass/waste. Also,
important gasifier types identified and included
are fixed (moving) bed, entrained flow, fluidized
bed, and others.
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ngas-market-1178.html
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ngas-market-1178.html