Syngas Market: Business Opportunities, Current Trends, Market Challenges in 2030
The global syngas market size was USD 48.71 Billion in 2021 and is expected to register a revenue CAGR of 5.9% over the forecast period, according to the latest analysis by Emergen Research. Increasing investment in power generation in various countries and rapid adoption of Underground coal gasification (UCG) process are driving demand for syngas.
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In addition, increasing demand for alternative and renewable sources of fuel is expected to drive revenue growth of the market.
Some major companies in the market report include Air Products Inc., KBR Inc., Linde plc, Siemens, Haldor Topsoe A/S, Air Liquide, BASF SE, Synthesis Energy Systems, Inc., Dow Inc., and Sasol Limited