Global Gas to Liquids (GTL) Market was valued US$ XX Mn in 2019 and is expected to reach US$ XX Mn by 2027, at a CAGR of 6.8 % during a forecast period.
To know about the Research Methodology :- Request Free Sample Report The report study has analyzed revenue impact of the COVID-19 pandemic on the sales revenue of the market leader, market followers and market disrupters in the report and same is reflected in our analysis. Gas-to-liquids (GTL) process provides an alternative way of utilizing clean-burning diesel fuel, liquid petroleum gas, and base oil resources for consumption. High-value products like gasoline, diesel, naphtha, and waxes have obtained from gas to liquids conversion. The process of GTL conversion offers better environmental performance over conventional fuels.
Global Gas to Liquids (GTL) Market, Dynamics:
The global oversupply of natural gas is rapidly growing. The volumes of associated gas flared at the wellhead have created a demand for low-cost, small-scale gas-to-liquids conversion technologies. An increase in concerns over fossil fuel exhaustion and demand for alternative energy sources are expected to drive the global gas to liquids (GTL) market growth during the forecast period. The demand for the Fischer-Tropsch (FT) route to monetize natural gas reserves, power demand from burgeoning end-use industries, and easiest conversion of methane-rich gases into clean synthetic fuels are some of the factors that drive the market growth. Also, strict guidelines implemented by the Petroleum and Natural Gas Regulatory Board and Oil Industry are expected to increase GTL usage in different end-use industries to conserve natural gas. On the other hand, the high-cost requirement to develop gas to liquids plants are expected to limit the global gas to liquids (GTL) market growth.
Global Gas to Liquids (GTL) Market, Segment Analysis:
The fuel oil segment is expected to grow at a XX% rate of CAGR during the forecast period. It is the advanced heavy fuel oil, which is used in boilers and other equipment for the generation of heat and energy in manufacturing processes. It also helps to increase the reliability and the performance of the entire boiler system. The small-scale modular plants are expected to contribute XX% share in the global gas to liquids (GTL) market. It has capacities, which are ranging from 1,000bpd (barrels per day) to 15,000bpd (barrels per day). The small scale plants are especially useful when the feedstock is limited. Some of the companies like primus green energy, gas technologies, and INFRA technologies have developed their modular solutions on a small scale. They have also developed proprietary GTL technologies, which are suited for modular plant implementation. The small-scale units are less susceptible to oil price volatility because of their compact and modular designs.
Global Gas to Liquids (GTL) Market, Regional Analysis:
The Middle East & Africa region is expected to contribute XX% market share in the global gas to liquids (GTL) market. The presence of the gas to liquids (GTL) plants in countries like Mozambique, Nigeria, Qatar, and South Africa are driving the regional market growth. Two large-scale completed GTL projects in South Africa and Uzbekistan, and rising plant construction activities because of development in energy consumption are expected to drive the gas to liquids (GTL) market growth. Sasol’s coal to liquids plant in South Africa gets transformed to a GTL plant by the end of 2024, and a delayed GTL facility in Uzbekistan are expected to witness a huge jump in production during the forecast period.
Global Gas to Liquids (GTL) Market, Competitive Analysis:
Key players operating in the global gas to liquids (GTL) market is investing heavily in the research & development to convert gas into liquid form. For instance, Gas Technologies LLC and INFRA Synthetic Fuels have invested $100m in R&D and combined technologies to convert gas sources into methanol, ultra-low sulfur diesel, naphtha, and low carbon renewable fuels. The companies are focusing marketing efforts on mid-stream natural gas processors, compressor stations, and pipeline companies to commercialize gas to liquids technology. The objective of the report is to present a comprehensive analysis of the Global Gas to Liquids (GTL) Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Gas to Liquids (GTL) Market dynamics, structure by analyzing the market segments and projects the Global Gas to Liquids (GTL) Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Gas to Liquids (GTL) Market make the report investor’s guide.
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Global Gas to Liquids (GTL) Market, By Type
• GTL Diesel • GTL Naptha • Others
Global Gas to Liquids (GTL) Market, By Processing Technology
• Methanol to Gasoline (MTG) • Fischer-Tropsch (FT) • Syngas to gasoline plus process • Others
Global Gas to Liquids (GTL) Market, By Plant Size
• Small-scale plant • Large-scale plant
Global Gas to Liquids (GTL) Market, By Application
• Fuel Oil • Lubricating Oil • Process Oil • Others
Global Gas to Liquids (GTL) Market, By Region
• North America • Europe • Asia Pacific • Middle East & Africa • South America
Key players operating in Global Gas to Liquids (GTL) Market
• Chevron Corporation • KBR Inc • PetroSA • Qatar Petroleum • Royal Dutch Shell plc • Sasol • Linc Energy • Compact GTL • Primus Green Energy • Royal Dutch Shell • Sasol Limited • Velocys • Gas Techno • NRG Energy • Ventech Engineers • Petrobras • Others
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