Syngas Derivatives Market (Methanol, Ammonia, Hydrogen, Oxo Chemicals, N-Butanol, DME) 2018 Forecasts in a New Research Report at RnRMarketResearch.com
(PR Web Via Acquire Media NewsEdge) Texas, Dallas (PRWEB) September 22, 2013
The syngas and derivatives market is expected to grow at a CAGR of 8.7%, over the next five years to reach 117, 400 MW thermal by 2018. Asia, with its thriving economies and rapidly expanding population, is expected to experience the highest consumption from 2013 to 2018.
The major driving factors of this market are the growing needs for chemicals, fuels, and electricity which can be generated simultaneously to meet the requirements of the increasing population. The other growth driver is the feedstock flexibility of syngas production process which means that it can be produced either from coal, natural gas, petroleum based products, or biomass/waste, the one which is easily available.
Upcoming opportunities such as development of underground coal gasification technology and utilization of stranded gas reserves show a promising growth for syngas production. This will lead to decreased dependency on crude oil for the production of various fuels such as gasoline and diesel.
Complete report available @ http://www.rnrmarketresearch.com/syngas-market-derivatives-methanol-ammonia-hydrogen-oxo-chemicals-n-butanol-dme-market-by-end-use-application-feedstock-technology-and-gasifier-type-global-trends-forecast-to-2018-market-report.html .
Syngas and its derivatives have a large number of applications that range from fertilizers, chemical intermediates, solvents, water treatment chemicals, transportation fuels, and others. Ammonia, methanol, and hydrogen are the most important syngas derivatives. Ammonia, due to its nitrogen content, is an important source of nutrients for plant growth. The global demand for ammonium fertilizers is anticipated to grow at a CAGR of 2.7% during the next five years. Urea is the major fertilizer produced, accounting for over 50% of the overall ammonia consumption. Methanol can be used for the production of several derivatives such as formaldehyde, acetic acid, DME, and others. Through MTG process, it can be used for the production of gasoline, besides its increased application for fuel blending purposes in China.
The syngas and its derivatives market is analyzed in terms of consumption (MW thermal) for all major regions, namely Asia-Pacific, North America, Middle East & Africa, Europe, and South America. The consumption figures are further broken down by major countries in respective regions. Coal, natural gas, petroleum (petcoke and others), and biomass/waste are the four major feedstock utilized for the production of syngas. Syngas production technologies identified and included are steam reforming, partial oxidation, autothermal reforming, combined or two-step reforming, and biomass gasification. The market is also covered by the type of gasifier utilized for syngas production process. Syngas consumption for end use such as chemical, liquid fuel, power generation, and gaseous fuel is covered. Consumption figures (kilotons) for chemical derivatives such as methanol, ammonia, oxo chemicals, n-butanol, hydrogen, and DME have been broken down by major regions and applications.
For this report, various secondary sources such as encyclopedia, directories, technical handbooks, company annual reports, industry association publications, chemical magazine articles, world economic outlook, trade websites, and databases have been referred to identify and collect information useful for this extensive commercial study of the syngas and derivatives market. The primary sources – experts from related industries and suppliers – have been interviewed to obtain and verify critical information as well as to assess the future prospects and market estimations.
This report analyzes various marketing trends and establishes the most effective growth strategy in the market. It identifies market dynamics such as drivers, restraints, opportunities, burning issues, and winning imperatives. Major companies such as Agrium Inc. (Canada), Air Products and Chemicals, Inc. (U.S.), BASF SE (Germany), BioMCN (The Netherlands), CB&I (The Netherlands), CF Industries (U.S.), Foster Wheeler AG (Switzerland), General Electric Company (U.S.), Haldor Topsoe A.S. (Denmark), KBR Inc. (U.S.), KT-Kinetics Technology (Italy), L’Air Liquide SA (France), Linc Energy (Australia), Methanex Corporation (Canada), Mitsubishi Heavy Industries Group (Japan), OXEA Gmbh (Germany), Royal Dutch Shell PLC (The Netherlands), Sasol Ltd. (South Africa), Siemens AG (Germany), Syngas Technology (U.S.), Technip SA (France), The DOW Chemical Company (U.S.), The Linde Group (Germany), and Yara International ASA (Norway) have also been profiled in this report.
Majors points of table of content:
11 Company Profiles
11.1 Agrium Inc.
11.2 Air Products And Chemicals, Inc.
11.3 Basf SE
11.4 Biomethanol Chemie Nederland B.V.
11.6 CF Industries Holdings Inc.
11.7 Foster Wheeler AG
11.8 General Electric Company
11.9 Haldor Topsoe A.S.
11.10 KBR INC.
11.11 KT – Kinetics Technology
11.12 L’air liquide sa
11.13 Linc Energy Limited
11.14 Methanex Corporation
11.15 Mitsubishi Heavy Industries Group (MHI Group)
11.16 Oxea Gmbh
11.17 Royal Dutch Shell Plc
11.18 Sasol Limited
11.19 Siemens AG
11.20 Syngas Technology Llc
11.21 Technip Sa
11.22 The Dow Chemical Company
11.23 The Linde Group
11.24 Yara International ASA
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