South-East Asia Syngas Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 9.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South-East Asia Syngas Market Analysis
The South-East Asia (SEA) syngas market is estimated to witness a significant growth, at an estimated CAGR of over 9%, 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.
- Indonesia is expected to dominate the market and is also expected to witness the fastest CAGR during the forecast period.
South-East Asia Syngas Market Trends
This section covers the major market trends shaping the SEA Syngas Market according to our research experts:
Increasing Usage in Power Generation Industry
- The power industry is the backbone of the industrial sector that supplies essential energy to industrial, commercial, manufacturing, and residential customers.
- Synthesis gas plays a huge role in power generation, as it is used as an intermediate in creating synthetic natural gas (SNG), which has various application, such as:
- IGCC plants use gasifiers that convert coal or any other carbon-based materials to syngas, which is used in driving a combined cycle turbine to generate electricity. IGCC plants can achieve efficiencies of 45% and have low emissions, since the fuel is cleaned before it is fired in the gas cycle turbine.
- Biogas, which is a form of renewable energy, can be obtained through thermochemical gasification of synthetic gas.
- Gasification and pyrolysis processes produce a combustible synthetic gas that can either be used to produce electricity, or further refined and upgraded for direct generation in a gas turbine or engine.
- The aforementioned factors have been boosting the demand for syngas in the region, in the recent times.
Indonesia to Dominate the Market
- The Indonesian power generation sector has witnessed a significant growth during the past five years.
- Growing population in the country, rising per capita income, and structurally lower electrification ratio, together, indicate rapid growth for the electricity demand during the forecast period.
- With the current slowdown in the mining sector, some rebalancing of economic growth toward manufacturing is likely to take place over the forecast period.
- The chemical manufacturing sector in the country is growing, due to the increasing demand for chemicals in various applications.
- Overall, the growing end-user industries in the country are projected to drive the market during the forecast period.
South-East Asia Syngas Industry Overview
The South-East Asia (SEA) syngas market is fragmented in nature. Key players in the market include Air Products and Chemicals, Inc., Linde plc, Air Liquide, and Haldor Topsoe A/S, among others.
South-East Asia Syngas Market Leaders
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Air Products and Chemicals, Inc.
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Linde plc
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Air Liquide
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Haldor Topsoe A/S
*Disclaimer: Major Players sorted in no particular order
South-East Asia Syngas Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Growing Demand for Electricity
- 4.1.2 Growing Chemical Industry
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4.2 Restraints
- 4.2.1 High Capital Investment and Funding
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
-
5.1 Feedstock
- 5.1.1 Coal
- 5.1.2 Natural Gas
- 5.1.3 Petroleum
- 5.1.4 Pet-coke
- 5.1.5 Biomass
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5.2 Technology
- 5.2.1 Steam Reforming
- 5.2.2 Partial Oxidation
- 5.2.3 Auto-thermal Reforming
- 5.2.4 Combined or Two-step Reforming
- 5.2.5 Biomass Gasification
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5.3 Gasifier Type
- 5.3.1 Fixed Bed
- 5.3.2 Entrained Flow
- 5.3.3 Fluidized Bed
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5.4 Application
- 5.4.1 Power Generation
- 5.4.2 Chemicals
- 5.4.2.1 Methanol
- 5.4.2.2 Ammonia
- 5.4.2.3 Oxo Chemicals
- 5.4.2.4 n-Butanol
- 5.4.2.5 Hydrogen
- 5.4.2.6 Dimethyl Ether
- 5.4.3 Liquid Fuels
- 5.4.4 Gaseous Fuels
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5.5 Geography
- 5.5.1 Indonesia
- 5.5.2 Thailand
- 5.5.3 Malaysia
- 5.5.4 Singapore
- 5.5.5 Philippines
- 5.5.6 Vietnam
- 5.5.7 Rest of South-East Asia (SEA)
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share Analysis**
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Air Liquide
- 6.4.2 Air Products and Chemicals, Inc.
- 6.4.3 BASF SE
- 6.4.4 BP p.l.c.
- 6.4.5 DuPont
- 6.4.6 General Electric
- 6.4.7 Haldor Topsoe A/S
- 6.4.8 KBR, Inc.
- 6.4.9 Linde plc
- 6.4.10 METHANEX CORPORATION
- 6.4.11 MITSUBISHI HEAVY INDUSTRIES, LTD.
- 6.4.12 Royal Dutch Shell plc
- 6.4.13 Siemens
- 6.4.14 SynGas Technology LLC
- 6.4.15 TechnipFMC plc
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Utilization of Biomass and Municipal Waste
- 7.2 Development of Underground Coal Gasification Technology
South-East Asia Syngas Industry Segmentation
The South-East Asia (SEA) 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 | |
| Chemicals | Methanol | |
| Ammonia | ||
| Oxo Chemicals | ||
| n-Butanol | ||
| Hydrogen | ||
| Dimethyl Ether | ||
| Liquid Fuels | ||
| Gaseous Fuels | ||
| Geography | Indonesia | |
| Thailand | ||
| Malaysia | ||
| Singapore | ||
| Philippines | ||
| Vietnam | ||
| Rest of South-East Asia (SEA) |
South-East Asia Syngas Market Research FAQs
What is the current South-East Asia (SEA) Syngas Market size?
The South-East Asia (SEA) Syngas Market is projected to register a CAGR of greater than 9% during the forecast period (2024-2029)
Who are the key players in South-East Asia (SEA) Syngas Market?
Air Products and Chemicals, Inc., Linde plc, Air Liquide and Haldor Topsoe A/S are the major companies operating in the South-East Asia (SEA) Syngas Market.
What years does this South-East Asia (SEA) Syngas Market cover?
The report covers the South-East Asia (SEA) Syngas Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South-East Asia (SEA) Syngas Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
SEA Syngas Industry Report
Statistics for the 2024 SEA Syngas market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. SEA Syngas analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
