Global Syngas Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Feedstock;

Coal, Natural Gas, Petroleum, Pet-coke, and Biomass.

By Technology;

Steam Reforming, Partial Oxidation, Auto-thermal Reforming, Combined or Two-step Reforming, and Biomass Gasification.

By Gasifier Type;

Fixed Bed, Entrained Flow, and Fluidized Bed.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn328528287 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Syngas Market (USD Million), 2021 - 2031

In the year 2024, the Global Syngas Market was valued at USD 58,609.17 million. The size of this market is expected to increase to USD 89,297.06 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.2%.

The global syngas market has witnessed substantial growth driven by various factors, including rising environmental concerns and the need for alternative fuel production methods. Syngas, as a clean and renewable energy source, has garnered significant attention as it offers a sustainable solution to traditional forms of energy production. Its adoption is expected to expand widely across industries seeking to reduce their carbon footprint and transition towards more environmentally-friendly practices. The versatility of syngas in producing various derivatives further enhances its appeal, providing industries with a flexible and adaptable energy solution that can meet diverse needs and applications.

The outbreak of the COVID-19 pandemic has spurred additional demand for syngas and its derivatives, particularly in the chemical segment. With a heightened focus on hygiene, sanitization, and pharmaceutical products, there is an increased need for chemical intermediaries, many of which rely on syngas as a key feedstock. This surge in demand for chemical intermediaries underscores the importance of syngas in supporting essential industries and addressing critical healthcare needs during challenging times. As a result, the syngas market is poised for continued growth, driven by both environmental imperatives and evolving industry dynamics, cementing its position as a crucial component in the transition towards a more sustainable and resilient energy landscape.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Feedstock
    2. Market Snapshot, By Technology
    3. Market Snapshot, By Gasifier Type
    4. Market Snapshot, By Region
  4. Global Syngas Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Economic Viability
        2. Feedstock Diversification
        3. Waste-to-Energy Initiatives
      2. Restraints
        1. High Initial Investment
        2. Regulatory Challenges
        3. Feedstock Availability
      3. Opportunities
        1. Emerging Market
        2. Industrial Applications
        3. Renewable Energy Transition
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Syngas Market, By Feedstock, 2021 - 2031 (USD Million)
      1. Coal
      2. Natural Gas
      3. Petroleum
      4. Pet-coke
      5. Biomass
    2. Global Syngas Market, By Technology, 2021 - 2031 (USD Million)
      1. Steam Reforming
      2. Partial Oxidation
      3. Auto-thermal Reforming
      4. Combined or Two-step Reforming
      5. Biomass Gasification
    3. Global Syngas Market, By Gasifier Type, 2021 - 2031 (USD Million)
      1. Fixed Bed
      2. Entrained Flow
      3. Fluidized Bed
    4. Global Syngas Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Air Products and Chemicals Inc.
      2. The Linde Group
      3. Air Liquide
      4. Sasol
      5. Dakota Gasification Company
      6. Mitsubishi Heavy Industries
      7. Synthesis Energy Systems, Inc
      8. Chiyoda Corporation
  7. Analyst Views
  8. Future Outlook of the Market