Coal Gasification Market Growth, Top Players, and Forecast by 2031

MARKET INTRODUCTION

Gasification of coal is a process of converting coal into gas (primarily including natural gas, hydrogen, carbon dioxide, and water vapor). This gases are then used as an eco-friendly fuel. Coal gasification is used for electricity generation and to produce chemical feedstocks. Several chemical compounds such as ammonia are produced during coal gasification process which aids in the production of chemical feedstock. Additionally, the gases released can be used to procure liquid fuel which can further be used across the transportation industry.

MARKET DYNAMICS

The increase in demand for energy across the globe owing to rapid industrialization and growing awareness of environmental impact of burning fossil fuel is contributing to the demand for coal gasification to be used for energy production. These factors are expected to contribute to the growth of the global coal gasification market over the forecast period.

MARKET SCOPE

The "Global Coal Gasification Market Analysis To 2031" is a specialized and in-depth study of the technology, media, and telecommunications industry with a special focus on global market trend analysis. The coal gasification market report aims to provide an overview of the coal gasification market with detailed market segmentation by feedstock type, application, gasifier, and geography. The global coal gasification market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading coal gasification market player and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global coal gasification market is segmented based on feedstock type, application, gasifier. Based on feedstock type, the coal gasification market is segmented into coal, petroleum coke, natural gas, biomass, other. Based on application, the coal gasification market is segmented into chemicals and fertilizers, liquid fuels, gaseous fuels, others. Based on gasifier, the coal gasification market is segmented into fixed bed, entrained flow, fluidized bed.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global coal gasification market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The coal gasification market by each region is later sub-segmented by respective countries and segments. The coal gasification market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the coal gasification market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the coal gasification market in these regions.

IMPACT OF COVID-19 ON COAL GASIFICATION MARKET

The sudden outbreak of the COIVD-19 pandemic negatively impacted the growth of the global coal gasification market. The demand for coal gasification from the end use industries declined significantly owing to strict lockdown imposed by government bodies which affect the demand side of the market. Additionally, the stringent lockdown imposed by various government bodies across impacted the coal gasification system manufacturing thereby impacting the growth of the global coal gasification market from the supply side as well.

MARKET PLAYERS

The reports cover key developments in the coal gasification market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from coal gasification market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the coal gasification market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the coal gasification market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Air Liquide
  
•   Dakota Gasification Company
  
•   General Electric Company
  
•   KBR, Inc.
  
•   Mitsubishi Heavy Industries, Ltd.
  
•   McDermott International, Inc
  
•   Petrochemical Corporation of Singapore (Private) Limited
  
•   Royal Dutch Shell Plc
  
•   Sedin Engineering
  
•   ThyssenKrupp AG
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Coal Gasification Report Scope