Global Coal to Liquid (CTL) Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global coal to liquid market in its upcoming report titled, “Global Coal to Liquid Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global coal to liquid market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global coal to liquid market report has been segmented on the basis of technology, application, and region.
Coal liquefaction is a process of converting coal to liquid hydrocarbons. This process is also called as Coal-to-X, where X can be any hydrocarbon based fuel. Carbon liquefaction process is divided into two main categories – direct coal liquefaction (DCL) process, and indirect coal liquefaction (ICL) process.
Abundant availability of coal reserves, declining levels of petroleum reservoirs, heightened awareness about technical expertise related to the conversion process among industries, and growth of transportation sector in developing nations, such as India and China, are factors expected to drive growth of the coal to liquid fuel market. Coal to liquid market is expected to gain a higher market share in countries which are heavily reliant on oil imports. Moreover, adoption of carbon capture and sequestration CCS technology to reduce carbon dioxide emissions from coal and other fossil fuels, is at a development stage, but is likely to have an increased scope for deployment over the coming years, which is also expected to propel growth of the global coal to liquid market.
However, heavy investments in plants and machineries, and complex conversion process are factors expected to hamper growth of the global coal to liquid market. In addition, environmental regulations to reduce emission of greenhouse gases which is largely associated with the current conversion process is likely to impede growth of the market over the forecast period.
The market in North America accounts for highest market share in terms of revenue as compared to that of markets in other regions and is expected to maintain its dominance over the next 10 years. The market in Asia Pacific is projected to witness fastest growth with a CAGR of X.X% over the forecast period. The growth in North America and Asia Pacific market can be attributed to presence of major coal reserves and production plants in countries in both regions.
Global coal to liquid market segmentation:
- Direct coal liquefaction (DCL)
- Indirect coal liquefaction (ICL)
- Transportation fuel
- Cooking fuel
- Others (lubricant, chemical feedstock, and synthetic wax)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Chevron Corporation
- Pall Corporation
- Shenhua Group Corporation Limited
- Yankuang Group Co. Ltd.
- DKRW Energy LLC
- Inner Mongolia Yitai Coal Co., Ltd
- Envidity Energy Inc.
- Sasol Limited
- TransGas Development Systems LLC
- Oil India Ltd.
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