The Business Research Company’s Syngas And Derivatives Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Syngas And Derivatives Global Market Report 2023 evaluates syngas and derivatives market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global syngas and derivatives market is expected to grow from $220.42 billion in 2023 to $240.76 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to chemical industry growth, growing energy demand, growing awareness of the environmental benefits of syngas, government initiatives.The syngas and derivatives market size is expected to see strong growth in the next few years. It will grow to $326.46 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%.
The surging demand for electricity is expected to propel the growth of the syngas and derivatives markets going forward. Electricity is a form of energy resulting from the movement of charged particles, typically electrons, through a conductor, which can be harnessed to power devices and systems in various industries and daily life. Syngas and derivatives are fuels used in power plants to generate electricity and replace natural gas or other fossil fuels. For instance, in February 2023, according to a report published by the International Energy Agency, a France-based intergovernmental organization, the global electricity demand increased to 26,779 terawatt-hours in 2022 from 26,281 terawatt-hours in 2021. Moreover, it is estimated to grow to 29,281 terawatt-hours by 2025. Therefore, the surging demand for electricity will drive the syngas and derivatives markets.
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The syngas and derivatives market segments in the report are:
1) By Type: Partial Oxidation, Steam Reforming, Biomass Gasification, Other Types
2) By Feedstock: Coal, Natural Gas, Petroleum, Biomass Or Waste, Other Feedstocks
3) By Gasifier: Fixed Bed, Entrained Flow, Fluidized Bed
4) By Application: Chemicals, Power Generation, Liquid Fuels, Gaseous Fuels, Other Applications
5) By End-User: Industrial, Residential, Commercial
The table of contents in TBRC’s syngas and derivatives market report includes:
- Executive Summary
- Syngas And Derivatives Market Characteristics
- Syngas And Derivatives Market Trends And Strategies
- Syngas And Derivatives Market – Macro Economic Scenario
- Global Syngas And Derivatives Market Size and Growth
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- Global Syngas And Derivatives Market Competitive Benchmarking
- Global Syngas And Derivatives Market Competitive Dashboard
- Key Mergers And Acquisitions In The Syngas And Derivatives Market
- Syngas And Derivatives Market Future Outlook and Potential Analysis
- Appendix
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