The global Syngas Chemicals market was valued at US$ 46420 million in 2020 and it is expected to reach US$ 68090 million by the end of 2027, growing at a CAGR of 5.2% during 2021-2027.
Syngas chemicals are primarily produced from synthesis gas, a gaseous mixture of hydrogen and carbon monoxide. The prime compound obtained from catalytic reaction of syngas is methanol. Methanol is further utilized to produce other Industryly important chemicals such as formaldehyde, and acetyls.
Coal gasification as feedstock is being widely used to increase petrochemicals production in general and specifically syngas. Petrochemical companies in China developed coal-based liquid fuels as a raw material to reduce its dependency on imported oil. The Chinese government is also encouraging petrochemical companies to use coal as feedstock to reduce oil and gas imports. Chinese and Indian companies should adopt coal gasification technologies to reduce dependence on imported oil and gas.
Global Syngas Chemicals Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Syngas Chemicals Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Celanese, LyondellBasell Industries Holdings, China National Petroleum, East-Man Chemical, Methanex and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-syngas-chemicals-market-outlook
Segment by Type
- Formaldehyde & Resins
- Methyl Tertiary-Butyl Ether(MTBE)
Segment by Application
Table of Content:
1 Syngas Chemicals Market Overview
2 Syngas Chemicals Market Competition by Manufacturers
3 Syngas Chemicals Retrospective Market Scenario by Region
4 Global Syngas Chemicals Historic Market Analysis by Type
5 Global Syngas Chemicals Historic Market Analysis by Application
6 Key Companies Profiled
7 Syngas Chemicals Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Syngas Chemicals Market Dynamics
10 Global Syngas Chemicals Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.