The South East Asia Syn Gas Market is expected to grow at a high rate during the forecast period, 2018 to 2023. South East Asia is a high potential market owing to growing energy consumption and availability of abundant coal reserves.
Power Generation is expected to be the largest end-use market in the South East Asia region. Demand for Chemicals is boosting the Syngas Market in the region.
Growing population is resulting in the increased demand for food and energy, which in turn increases demand of ammonia and methanol. Significance of South East Asia in syngas market is ever increasing with the region becoming more dynamic in the global economy.
Today, producers in Southeast Asia account for a large share of the syngas production globally, with the regional and global demand for ammonia, methanol, and hydrogen constantly on a rise.
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BASF SE, Royal Dutch Shell, Haldor Topsoe, KBR, Inc., The Dow Chemical Co., BP, Mitsubishi Heavy Industries Ltd., SynGas Technology LLC, Chicago Bridge and Iron Co., Linde Group, Siemens AG, General Electric, Methanex, Agrium Inc., ConocoPhillips Co., Foster Wheeler AG, Linc Energy Ltd., Technip SA, Nippon Shokubai Co. Ltd.
Feedstock Making Syngas Production Viable
Syngas is produced from natural gas, naphtha, coal, heavy oils, pet coke, biomass, and municipal waste. Increasing need for alternative fuel sources and limited availability of conventional fuel has increased the production of syngas, globally.
Syngas can be produced from a variety of feedstock, which has little effect on the quality of syngas. In addition, the cost of production of syngas is directly related to the cost of feedstock, which gives manufacturers flexibility to use any type of feedstock.
Thus, the use of feedstock for the production of syngas is driving the market for syngas, globally.
Power Generation Continues to Dominate the Market
Power generation will likely continue to dominate the market for syngas during the forecast period. Improving economic growth and improvement in quality of life in emerging South East Asia Countries, such as Indonesia, Vietnam, Thailand, and Philippines among others are expected to drive the power generation and demand.
World net electricity generation is expected to increase to 69% by 2040, from 21.6 trillion kilowatt-hours (kWh) in 2012 to 25.8 trillion kWh in 2020 and 36.5 trillion kWh in 2040. Energy demand in South East Asia is expected to climb nearly 60 percent by 2040.
This increase in generation and demand of electricity from residential and commercial sector and rising demand for low cost energy is expected to drive the Syngas market.
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Indonesia to Lead the Market
Indonesia is expected to dominate the syngas market in South East Asia region, during the forecast period, due to growing energy consumption, and increasing population. Higher economic growth coupled with increase in electricity consumption in Indonesia has increased the production of syngas.
In addition, increase in governmental regulations related to emissions & particulate reduction, increase in investment on small-scale biomass and waste-based gasification for production of clean energy is expected to drive the market for syngas in Indonesia. Indonesia is an important contributor in syngas market, which makes it a prominent country from the South East Asia region.
January 2018: IIG Indonesia’s ASU entered full-scale operation
Major Players: BASF, Royal Dutch Shell, Haldor Topsoe, KBR, Inc., The Dow Chemical Co., BP South East Asia, Mitsubishi Heavy Industries Ltd., SynGas Technology LLC, Chicago Bridge and Iron Co., Linde Group, Siemens AG, General Electric, Methanex, Yara, Agrium Inc., ConocoPhillips Co., Foster Wheeler AG, Linc Energy Ltd., Technip SA andNippon Shokubai Co. Ltd., among others.
Reasons to Access this Report
To understand the impact of end-use on the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating technology in the market
Countries expected to witness the fastest growth during the forecast period
Identifying the latest developments, market shares, and strategies employed by the major market players
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