According to ResearchForMarkets, the Global Gas-to-Liquids Processes for Chemicals and Energy market is accounted for $10.98 billion in 2017 and is expected to reach $22.89 billion by 2026 growing at a CAGR of 8.5%.
Developments, product launches, joint ventures, merges and accusations are the moves that the top players in Xyz market are making which in turn affect the sales, import, export, revenue and CAGR values.
Factors such as rapid energy consumption coupled with ecological regulations related to the clean fuel and increasing prices of oil and gases are fuelling the growth of the market. However, fixed reactors and large sized equipment are inhibiting the market growth.
Gas to liquids (GTL) is a refinery process that converts natural gas into liquid fuels such as gasoline. Methane-rich gases are renewed into liquid synthetic fuels either via direct conversion or via syngas as an intermediary.
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By Production process, Fischer-Tropsch process acquired significant growth due to the rising extends between the cost of natural gas and the cost of petroleum products. The increasing demand for waxes that are produced by F-T process is experiencing stable growth over the past decade.
SOME OF THE KEY PLAYERS IN GLOBAL GAS-TO-LIQUIDS PROCESSES FOR CHEMICALS AND ENERGY MARKET ARE
- PetroSA Company,
- Royal Dutch Shell,
- Primus Green Energy,
- Sasol limited,
- BP plc,
- Compact GTL ,
- NRG Energy,
- Gas Techno,
- Velocys, Chevron Corporation,
- Petrobras Shell Global,
- OLTIN YO’L GTL,
- PetroSA ,
- The Linde Group
- Oryx GTL.
F-T waxes are used in industries producing paints & coatings, candles, plastic, resins, tires, synthetic rubber and other products. Lubricating products and production of waxes is another primary product of F-T process.
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Asia Pacific dominated the global gas-to-liquids processes for chemicals and energy market owing to increasing consumption of natural gas, especially in emerging countries such as India, Japan and China.
The report includes market shares of Xyz market for global, North America, Europe, Asia Pacific, South America, and Middle East & Africa.
PRODUCTION PROCESS COVERED:
- Methanol to Gasoline (MTG) process
- Gasoline plus process
- Fischer-Tropsch process
- Large scale
- Small scale
- Base oil
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