Gas To Liquid Market By Technology (Ft Process, MTG Process, Syngas To Gasoline Plus Process), Industry Size, Growth, Share And Forecast To 2022
Key Findings
The global gas to liquid market was valued $8.8 billion in 2015 and now it has been expected to grow at a CAGR of 6.9% during 2016-2022. The factors driving the gas to liquid market are rising awareness regarding clean fuel, need for alternative fuel due to depletion of fossil fuel and increase in transportation requirements. GTL process converts natural gas to liquid fuels such as jet fuel, diesel and gasoline. There are various methods for producing clean fuel and these are fischer tropsch method, methanol to gasoline and syngas to gasoline plus process. Most often used method is the fischer tropsch method due to high demand for partial oxidation of hydrogen and natural gas, followed by a cracking process. It has been expected that MTG process will also gain traction and become popular during the forecasted period. The final product of the MTG process is very close to the final fuel specifications and requires minimal end processing.
In China, Japan and India smaller sized micro-reactors are being built and these have been expected to boost the gas to liquid market. These micro-reactors are comparatively much cheaper than huge GTL plants. Natural gas reserves can be built relatively cheaper and this factor too will help in growth of this market. Strong technical expertise and advanced technology is required to set up large-scale gas to liquid plants and this leads to high costs. This factor also acts as a restraint for the market growth. World Bank figures indicate that annually around 150 billion cubic meters of natural gas is flared. GTL technologies can be used to convert these natural gases into useful synthetic fuels. Various environmental regulations have been implemented all over the world to conserve depleting fossil fuels and to produce clean fuels. Rapid energy consumption and utilizing waste flare gas and converting it to fuel are factors which will drive the market during the forecasted period. Another market driver is the need to decrease flaring from gas refineries. Refinery activity has been increased in the past few years so as to meet the increasing need for oil products. This has led to gas flaring and hence there is a need to move to alternative technologies to produce liquid fuels. Fuel produced from GTL technology is cheaper and can be utilized by the automotive industry. By-products of GTL are naptha, LPG, diesel, Ethane, paraffin and base oils which can be further utilized to various industries. Environmental concern and global climatic change are the factors pushing the growth of GTL market, as it is one of the clean technology and utilizes natural gas for fuel production.
Market Segment Insight
The global gas to liquid market can be segregated on the basis of processing technology including FT (Fischer-Tropsch), MTG (Methanol to Gasoline) and syngas to gasoline plus process. Amongst these processes, Fischer-Tropsch process accounts for the largest market share due to high demand for partial oxidation of natural gas and hydrogen.
Regional Insights
The global GTL market is segmented in to the regions of North America, Europe, Asia-Pacific, Middle East and Africa and South and Central America. Most of the plants are located in South Africa, Qatar, Nigeria and Mozambique and hence there is high rate of consumption in the region of Middle East and Africa. Asia-Pacific market has been expected to witness significant growth rate during the forecasted year of 2016-2022. Market driver for gas to liquid market in the region is growing number of plant constructions due to increasing energy consumptions mostly in Malaysia, China, India, Japan and Singapore.
Competitive Insights
The major market players for the global gas to liquid market are Sasol Limited, Royal Dutch Shell, Chevron Corporation, Primus Green Energy, Compact GTL and Linc Energy. The market is mostly consolidated among these players due to high entry barriers. These companies are increasing their presence in developing nations and are involved in mergers and acquisitions to strengthen their presence in newer markets. There is a huge cost involved in building a reaction vessel where the required volume of fuel is produced and which can bear high temperatures and pressure that occur generally during GTL processes. To counter this companies are looking at a different reactor design called micro-channel reactor and catalysts that will allow GTL processes at a much smaller scale.
Vendors are also looking to improve processes, technology and equipment to increase their production quality and decrease cost of production. Companies are investing in R&D and are coming up with new methods which are combining various technologies for production of many quality products like integrating oxygen with natural gas to form syngas and so on.
1. METHODOLOGY & SCOPE
1.1. RESEARCH METHODOLOGY
1.2. RESEARCH SCOPE & ASSUMPTIONS
1.3. LIST OF DATA SOURCES
2. EXECUTIVE SUMMARY
2.1. GLOBAL GAS TO LIQUID MARKET- MARKET SUMMARY & KEY BUYING CRITERIA
2.2. GLOBAL GAS TO LIQUID MARKET OUTLOOK
2.3. MARKET SEGMENTATION ANALYSIS
2.4. MARKET SIZE AND GROWTH PROSPECTS 2012-2022
2.5. GLOBAL GAS TO LIQUID MARKET VALUE CHAIN ANALYSIS
2.6. VENDOR LANDSCAPE
3. GLOBAL GAS TO LIQUID MARKET
3.1. MARKET DRIVER ANALYSIS
3.1.1. INCREASING NEED FOR CLEANING FUEL
3.1.2. DEPLETING FOSSIL FUEL SUPPLIES
3.1.3. ENVIRONMENTAL REGULATIONS REGARDING FUEL PRODUCTION
3.2. MARKET RESTRAINT ANALYSIS
3.2.1. HIGH COST FOR SETTING UP REACTORS
3.2.2. LARGE SIZE OF SLURRY BASED REACTORS
3.2.3. CREATING COST EFFECTIVE PRODUCTS
3.3. KEY OPPORTUNITIES
3.3.1. NEED FOR CLEANER ECONOMIC FUEL
3.3.2. GROWTH OF AUTOMOTIVE INDUSTRY
3.4. KEY CHALLENGES
3.1.4.1. CREATING AWARENESS IN DEVELOPING COUNTRIES
3.4.1.2. CAPITAL INTENSIVE INDUSTRY
4. INDUSTRY ANALYSIS
4.1. GLOBAL GAS TO LIQUID MARKET– PORTER’S FIVE FORCES MODEL
4.2. GLOBAL GAS TO LIQUID MARKET– PESTEL ANALYSIS
4.3. GLOBAL GAS TO LIQUID MARKET– GAP ANALYSIS
5. GLOBAL GAS TO LIQUID MARKET BY TECHNOLOGY 2012 - 2022 ($ MILLION)
5.1. GLOBAL GAS TO LIQUID MARKET BY FT PROCESS 2012 - 2022 ($ MILLION)
5.2. GLOBAL GAS TO LIQUID MARKET BY MTG PROCESS 2012 - 2022 ($ MILLION)
5.3. GLOBAL GAS TO LIQUID MARKET BY SYNGAS TO GASOLINE PLUS PROCESS 2012 – 2022 ($ MILLION)
6. GLOBAL GAS TO LIQUID MARKET REGIONAL OUTLOOK 2012 - 2022 ($ MILLION)
6.1. NORTH AMERICA
6.1.1. NORTH AMERICA MARKET ESTIMATES AND FORECAST 2012 – 2022 ($ MILLION)
6.1.2. NORTH AMERICA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012 – 2022 ($ MILLION)
6.1.3. NORTH AMERICA MARKET ESTIMATES AND FORECAST BY REGION 2012-2022 ($ MILLION)
6.1.3.1. U.S.
6.1.3.1.1. U.S. MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
6.1.3.1.2. U.S. MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION)
6.1.3.2. CANADA
6.1.3.2.1. CANADA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
6.1.3.2.2. CANADA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION)
6.1.3.3. MEXICO
6.1.3.3.1. MEXICO MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
6.1.3.3.2. MEXICO MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION)
6.2. EUROPE
6.2.1. EUROPE MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
6.2.2. EUROPE MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION)
6.2.3. EUROPE MARKET ESTIMATES AND FORECAST BY REGION 2012-2022 ($ MILLION)
6.2.3.1. GERMANY
6.2.3.1.1. GERMANY MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
6.2.3.1.2. GERMANY MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION)
6.2.3.2. UK
6.2.3.2.1. UK MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
6.2.3.2.2. UK MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION)
6.2.3.3. FRANCE
6.2.3.3.1. FRANCE MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
6.2.3.3.2. FRANCE MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION)
6.2.3.4. SPAIN
6.2.3.4.1. SPAIN MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
6.2.3.4.2. SPAIN MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION)
6.2.3.5. RUSSIA
6.2.3.5.1. RUSSIA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
6.2.3.5.2. RUSSIA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION)
6.3. ASIA PACIFIC
6.3.1. ASIA PACIFIC MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
6.3.2. ASIA PACIFIC MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION)
6.3.3. ASIA PACIFIC MARKET ESTIMATES AND FORECAST BY REGION 2012-2022 ($ MILLION)
6.3.3.1. CHINA
6.3.3.1.1. CHINA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
6.3.3.1.2. CHINA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION)
6.3.3.2. INDIA
6.3.3.2.1. INDIA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
6.3.3.2.2. INDIA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION)
6.3.3.3. SOUTH KOREA
6.3.3.3.1. SOUTH KOREA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
6.3.3.3.2. SOUTH KOREA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION)
6.4. MIDDLE EAST & AFRICA
6.4.1. MIDDLE EAST & AFRICA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
6.4.2. MIDDLE EAST & AFRICA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION)
6.5. CENTRAL & SOUTH AMERICA
6.5.1. CENTRAL & SOUTH AMERICA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
6.5.2. CENTRAL & SOUTH AMERICA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION)
6.5.2.1. BRAZIL
6.5.2.1.1. BRAZIL MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
6.5.2.1.2. BRAZIL MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION)
7. COMPETITIVE LANDSCAPE
7.1. BP PLC.
7.1.1. COMPANY OVERVIEW
7.1.2. SCOT ANALYSIS
7.1.3. PRODUCT BENCHMARKING
7.1.4. STRATEGIC INITIATIVES
7.2. CHEVRON NIGERIA
7.2.1. COMPANY OVERVIEW
7.2.2. SCOT ANALYSIS
7.2.3. PRODUCT BENCHMARKING
7.2.4. STRATEGIC INITIATIVES
7.3. CHIOYDA CORPORATION
7.3.1. COMPANY OVERVIEW
7.3.2. SCOT ANALYSIS
7.3.3. PRODUCT BENCHMARKING
7.3.4. STRATEGIC INITIATIVES
7.4. COMPACT GTL
7.4.1. COMPANY OVERVIEW
7.4.2. SCOT ANALYSIS
7.4.3. PRODUCT BENCHMARKING
7.4.4. STRATEGIC INITIATIVES
7.5. CONOCO PHILIPS
7.5.1. COMPANY OVERVIEW
7.5.2. SCOT ANALYSIS
7.5.3. PRODUCT BENCHMARKING
7.5.4. STRATEGIC INITIATIVES
7.6. COSMO OIL
7.6.1. COMPANY OVERVIEW
7.6.2. SCOT ANALYSIS
7.6.3. PRODUCT BENCHMARKING
7.6.4. STRATEGIC INITIATIVES
7.7. EXXON MOBIL
7.7.1. COMPANY OVERVIEW
7.7.2. SCOT ANALYSIS
7.7.3. PRODUCT BENCHMARKING
7.7.4. STRATEGIC INITIATIVES
7.8. GE ENERGY
7.8.1. COMPANY OVERVIEW
7.8.2. SCOT ANALYSIS
7.8.3. PRODUCT BENCHMARKING
7.8.4. STRATEGIC INITIATIVES
7.9. LINC ENERGY
7.9.1. COMPANY OVERVIEW
7.9.2. SCOT ANALYSIS
7.9.3. PRODUCT BENCHMARKING
7.9.4. STRATEGIC INITIATIVES
7.10. PETOBRAS
7.10.1. COMPANY OVERVIEW
7.10.2. SCOT ANALYSIS
7.10.3. PRODUCT BENCHMARKING
7.10.4. STRATEGIC INITIATIVES
7.11. QATAR PETROLEUM
7.11.1. COMPANY OVERVIEW
7.11.2. SCOT ANALYSIS
7.11.3. PRODUCT BENCHMARKING
7.11.4. STRATEGIC INITIATIVES
7.12. RENTECH
7.12.1. COMPANY OVERVIEW
7.12.2. SCOT ANALYSIS
7.12.3. PRODUCT BENCHMARKING
7.12.4. STRATEGIC INITIATIVES
7.13. ROYAL DUTCH SHELL
7.13.1. COMPANY OVERVIEW
7.13.2. SCOT ANALYSIS
7.13.3. PRODUCT BENCHMARKING
7.13.4. STRATEGIC INITIATIVES
7.14. SASOL
7.14.1. COMPANY OVERVIEW
7.14.2. SCOT ANALYSIS
7.14.3. PRODUCT BENCHMARKING
7.14.4. STRATEGIC INITIATIVES
7.15. STATOIL
7.15.1. COMPANY OVERVIEW
7.15.2. SCOT ANALYSIS
7.15.3. PRODUCT BENCHMARKING
7.15.4. STRATEGIC INITIATIVES
1. GLOBAL GAS TO LIQUID MARKET BY TECHNOLOGY 2012 - 2022 ($ MILLION)
2. GLOBAL GAS TO LIQUID MARKET BY FT PROCESS 2012 - 2022 ($ MILLION)
3. GLOBAL GAS TO LIQUID MARKET BY MTG PROCESS 2012 - 2022 ($ MILLION)
4. GLOBAL GAS TO LIQUID MARKET BY SYNGAS TO GASOLINE PLUS PROCESS 2012 - 2022 ($ MILLION)
5. GLOBAL GAS TO LIQUID MARKET REGIONAL OUTLOOK 2012 - 2022 ($ MILLION)
6. NORTH AMERICA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
7. NORTH AMERICA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION)
8. NORTH AMERICA MARKET ESTIMATES AND FORECAST BY REGION 2012-2022 ($ MILLION)
9. U.S. MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
10. U.S. MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION)
11. CANADA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
12. CANADA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION)
13. MEXICO MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
14. MEXICO MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION)
15. EUROPE MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
16. EUROPE MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION)
17. EUROPE MARKET ESTIMATES AND FORECAST BY REGION 2012-2022 ($ MILLION)
18. GERMANY MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
19. GERMANY MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION)
20. UK MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
21. UK MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION)
22. FRANCE MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
23. FRANCE MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION)
24. SPAIN MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
25. SPAIN MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION)
26. RUSSIA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
27. RUSSIA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION)
28. ASIA PACIFIC MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
29. ASIA PACIFIC MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION)
30. ASIA PACIFIC MARKET ESTIMATES AND FORECAST BY REGION 2012-2022 ($ MILLION)
31. CHINA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
32. CHINA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION)
33. INDIA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
34. INDIA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION)
35. SOUTH KOREA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
36. SOUTH KOREA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION)
37. MIDDLE EAST & AFRICA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
38. MIDDLE EAST & AFRICA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION)
39. CENTRAL & SOUTH AMERICA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
40. CENTRAL & SOUTH AMERICA MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION)
41. BRAZIL MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
42. BRAZIL MARKET ESTIMATES AND FORECAST BY APPLICATION 2012-2022 ($ MILLION)
1. U.S. MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
2. CANADA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
3. MEXICO MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
4. GERMANY MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
5. UK MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
6. FRANCE MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
7. SPAIN MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
8. RUSSIA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
9. CHINA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
10. INDIA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
11. SOUTH KOREA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
12. MIDDLE EAST & AFRICA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
13. CENTRAL & SOUTH AMERICA MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
14. BRAZIL MARKET ESTIMATES AND FORECAST 2012-2022 ($ MILLION)
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