Title: Syngas & Derivatives Market - Forecast(2022 - 2027)
1Syngas Derivatives Market - Forecast(2022 -
2027)
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- Syngas Derivatives Market size is forecast to
reach 263.89 billion by 2025, after growing at a
CAGR of 9.50 during 2020-2025. - Synthesis gas is known as syngas which is a fuel
gas which mainly consists of carbon
monoxide, Hydrogen, and some amount of carbon
dioxide. - The product of gasification is syngas and the
main application of syngas is generating
electricity. - Syngas is considered as the best option for the
liquid and gaseous fuel production.
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- Key Takeaways from this Report
- An increase in the use of derivatives in various
industrial applications is expected to drive the
growth of syngas derivatives market. - An increase in the demand for electricity and
fuels are expected to drive the growth in the
syngas and derivatives market. - Asia-Pacific dominated the syngas derivatives
market. Growth is attributed to the high
availability of coal reserves in countries such
as China, the US, and Russia.
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- By Distribution Channel- Segment Analysis
- Chemicals segment held a significant share in
syngas derivatives market in 2019 growing at a
CAGR of 9.87 during the forecast period. This is
due to the increasing demand for green chemicals
for the synthesis and production of chemical
intermediates. Depending on the H2/CO ratio,
syngas derivatives are widely used in the
processing of chemicals for manufacturing
fertilizers, petrochemicals, and oxo chemicals,
among others. The chemicals segment is further
segmented by derivative into methanol, ammonia,
and FT synthesis products
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- Syngas Derivatives Market Industry Outlook
- Syngas Technology LLC
- Sasol Ltd.
- Chicago Bridge Iron Co. N.V.
- Air Products Chemicals Inc.
- Air Liquide SA.
- The Linde Group
- Siemens AG
- Haldor Topsoe A/S
- BASF SE, and AMEC Foster Wheeler Plc.
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erivatives-market.html
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- Data Tables
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