South-East Asia (SEA) Syngas Market Trends

Statistics for the 2023 & 2024 South-East Asia (SEA) Syngas market trends, created by Mordor Intelligence™ Industry Reports. South-East Asia (SEA) Syngas trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Market Trends of South-East Asia (SEA) Syngas Industry

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.
South-East Asia (SEA) Syngas Market - Segmentation

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 (SEA) Syngas Market - Regional Trend

SEA Syngas Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)