Market Size of South-East Asia (SEA) Syngas Industry
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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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 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 | ||||||||
| ||||||||
Liquid Fuels | ||||||||
Gaseous Fuels |
Geography | |
Indonesia | |
Thailand | |
Malaysia | |
Singapore | |
Philippines | |
Vietnam | |
Rest of South-East Asia (SEA) |
South-East Asia (SEA) Syngas Market Size Summary
The South-East Asia syngas market is poised for substantial growth, driven by the expanding chemical industry and increasing electricity demand. The market is characterized by its fragmented nature, with key players such as Air Products and Chemicals, Inc., Linde plc, Air Liquide, and Haldor Topsoe A/S playing significant roles. Despite the promising growth trajectory, high capital investment requirements and funding challenges may pose obstacles. However, advancements in underground coal gasification technology are expected to offer new opportunities for market expansion. Indonesia is anticipated to lead the market, experiencing the fastest growth rate, supported by its burgeoning power generation sector and rising demand for electricity.
Syngas is integral to power generation, serving as a crucial intermediate in the production of synthetic natural gas, which is utilized in various applications, including Integrated Gasification Combined Cycle (IGCC) plants. These plants are known for their efficiency and low emissions, contributing to the increasing demand for syngas in the region. The Indonesian market is further bolstered by factors such as population growth, rising per capita income, and a lower electrification ratio, which collectively drive electricity demand. The chemical manufacturing sector in Indonesia is also expanding, fueled by the growing need for chemicals across diverse applications. This confluence of factors is expected to sustain the market's growth momentum over the forecast period.
South-East Asia (SEA) Syngas Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Drivers
-
1.1.1 Growing Demand for Electricity
-
1.1.2 Growing Chemical Industry
-
-
1.2 Restraints
-
1.2.1 High Capital Investment and Funding
-
-
1.3 Industry Value Chain Analysis
-
1.4 Porter's Five Forces Analysis
-
1.4.1 Bargaining Power of Suppliers
-
1.4.2 Bargaining Power of Consumers
-
1.4.3 Threat of New Entrants
-
1.4.4 Threat of Substitute Products and Services
-
1.4.5 Degree of Competition
-
-
-
2. MARKET SEGMENTATION
-
2.1 Feedstock
-
2.1.1 Coal
-
2.1.2 Natural Gas
-
2.1.3 Petroleum
-
2.1.4 Pet-coke
-
2.1.5 Biomass
-
-
2.2 Technology
-
2.2.1 Steam Reforming
-
2.2.2 Partial Oxidation
-
2.2.3 Auto-thermal Reforming
-
2.2.4 Combined or Two-step Reforming
-
2.2.5 Biomass Gasification
-
-
2.3 Gasifier Type
-
2.3.1 Fixed Bed
-
2.3.2 Entrained Flow
-
2.3.3 Fluidized Bed
-
-
2.4 Application
-
2.4.1 Power Generation
-
2.4.2 Chemicals
-
2.4.2.1 Methanol
-
2.4.2.2 Ammonia
-
2.4.2.3 Oxo Chemicals
-
2.4.2.4 n-Butanol
-
2.4.2.5 Hydrogen
-
2.4.2.6 Dimethyl Ether
-
-
2.4.3 Liquid Fuels
-
2.4.4 Gaseous Fuels
-
-
2.5 Geography
-
2.5.1 Indonesia
-
2.5.2 Thailand
-
2.5.3 Malaysia
-
2.5.4 Singapore
-
2.5.5 Philippines
-
2.5.6 Vietnam
-
2.5.7 Rest of South-East Asia (SEA)
-
-
South-East Asia (SEA) Syngas Market Size 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.