Market Size of Middle-East and Africa Syngas Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Syngas Market Analysis
The Middle-East and Africa syngas market is estimated to witness a significant growth, at an estimated CAGR of over 7%, over the forecast period. Growing chemical industry and growing demand for electricity are expected to drive the market during the forecast period.
- High capital investment and funding is likely to hinder the market's growth.
- Development of underground coal gasification technology is likely to create opportunities to the market growth in the future.
- Saudi Arabia is expected to dominate the market and is also expected to witness the fastest CAGR during the forecast period.
MEA Syngas Industry Segmentation
The Middle-East and Africa syngas market report includes:
| Feedstock | |
| Coal | |
| Natural Gas | |
| Petroleum | |
| Pet-coke | |
| Biomass |
| Technology | |
| Steam Reforming | |
| Partial Oxidation | |
| Auto-thermal Reforming | |
| Combined or Two-step Reforming | |
| Biomass Gasification |
| Gasifier Type | |
| Fixed Bed | |
| Entrained Flow | |
| Fluidized Bed |
| Application | ||||||||
| Power Generation | ||||||||
| ||||||||
| Liquid Fuels | ||||||||
| Gaseous Fuels |
| Geography | |
| Saudi Arabia | |
| South Africa | |
| Rest of Middle-East and Africa |
Middle-East and Africa Syngas Market Size Summary
The Middle-East and Africa syngas market is poised for substantial growth, driven by the expanding chemical industry and increasing electricity demand. Despite challenges such as high capital investment requirements, the market is expected to benefit from advancements in underground coal gasification technology, which could open new avenues for development. Saudi Arabia is anticipated to lead the market, experiencing the fastest growth rate in the region. The syngas market's expansion is supported by its critical role in power generation, particularly through its use in integrated gasification combined cycle (IGCC) plants, which offer high efficiency and low emissions. Additionally, the potential for biogas production through thermochemical gasification processes further enhances the market's appeal.
The region's syngas market is characterized by its fragmented nature, with key players including Air Products and Chemicals, Inc., Linde plc, Air Liquide, and Royal Dutch Shell plc. Saudi Arabia's efforts to diversify its economy away from oil dependency, as outlined in its 10th development plan, are expected to attract private investments and stimulate growth in the syngas sector. Significant investments and collaborations in the petrochemical industry, such as the partnership between Saudi Aramco and SABIC to build a major complex for crude oil conversion, are likely to bolster syngas demand. These developments, coupled with supportive government policies in the oil refinery sector, are set to drive the market's growth in the coming years.
Middle-East and Africa Syngas Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Demand for Electricity
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1.1.2 Growing Chemical Industry
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1.2 Restraints
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1.2.1 High Capital Investment and Funding
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Feedstock
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2.1.1 Coal
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2.1.2 Natural Gas
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2.1.3 Petroleum
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2.1.4 Pet-coke
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2.1.5 Biomass
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2.2 Technology
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2.2.1 Steam Reforming
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2.2.2 Partial Oxidation
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2.2.3 Auto-thermal Reforming
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2.2.4 Combined or Two-step Reforming
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2.2.5 Biomass Gasification
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2.3 Gasifier Type
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2.3.1 Fixed Bed
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2.3.2 Entrained Flow
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2.3.3 Fluidized Bed
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2.4 Application
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2.4.1 Power Generation
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2.4.2 Chemicals
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2.4.2.1 Methanol
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2.4.2.2 Ammonia
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2.4.2.3 Oxo Chemicals
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2.4.2.4 n-Butanol
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2.4.2.5 Hydrogen
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2.4.2.6 Dimethyl Ether
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2.4.3 Liquid Fuels
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2.4.4 Gaseous Fuels
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2.5 Geography
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2.5.1 Saudi Arabia
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2.5.2 South Africa
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2.5.3 Rest of Middle-East and Africa
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Middle-East and Africa Syngas Market Size FAQs
What is the current Middle-East and Africa Syngas Market size?
The Middle-East and Africa Syngas Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)
Who are the key players in Middle-East and Africa Syngas Market?
Air Products and Chemicals, Inc., Linde plc and Air Liquide are the major companies operating in the Middle-East and Africa Syngas Market.
