Global Gasification Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global gasification market in its upcoming report titled, “Global Gasification Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global gasification 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 global gasification market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global gasification market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global gasification market report has been segmented on the basis of feedstock, gasifier type, application, and region.

Gasification is a reliable, commercial, and flexible technology which converts any material containing carbon such as petroleum coke (petcoke), coal, and biomass into synthesis gas (syngas). Gasification is mainly done on a commercial scale worldwide especially in fertilizer, chemical, refining, and electric & power industries. Gasification does not include combustion, but rather uses little or no oxygen or air in a closed reactor to change over carbon-based materials specifically into a synthetic gas, or syngas.

Rising demand for efficient and clean energy generation technologies in various end use industries as well as households is a key factor driving growth of the global gasification market. In addition, gasification by-products are readily marketable, and rising demand for gasification from emerging economies are major factors expected to fuel growth to the global gasification market over the forecast period.

However, high cost of gasification in various end use applications is a key factor restraining growth of the global gasification market. Additionally, large amount of biofuels used in the generation of power is a major factor expected to hamper growth of the global gasification market over the forecast period.

Asia Pacific is a dominant player in the global gasification market and accounts for highest market share in terms of revenue as compared to that of markets in other regions. This can be attributed to rising power demand mainly for biomass gasification in emerging economies such as China, India, and Indonesia. The markets in North America and Europe are projected to show significant growth over the forecast period, owing to rising demand for clean energy and adoption of underground coal gasification (UCG).

Global Gasification Market Segmentation:

Global gasification market segmentation by feedstock:

• • Biomass/Waste
  • Coal
  • Natural Gas
  • Petroleum

Global gasification market segmentation by gasifier type:

• • Moving/Fixed Bed
  • Fluidized bed
  • Entrained
  • Others (plasma, fcc-fluid catalytic cracking)

Global gasification market segmentation by application:

• • Chemicals
  • Liquid fuels
  • Power
  • Gas fuels

Global gasification market segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa