Syngas Market worth 117,400 MW Thermal by 2018

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MarketsandMarkets Presents
Syngas Market worth 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
• 95 market data tables
• 20 figures
• 272 pages and in-depth TOC on Syngas Market
  
• http//www.marketsandmarkets.com/Market-Reports/sy
  ngas-market-1178.html
• Early buyers will receive 10 customization of
  this report.

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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. 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.
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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. 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, auto-thermal
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. Inquire Before Buying
_at_ http//www.marketsandmarkets.com/Enquiry_Before_
Buying.asp?id1178
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