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Coal Gasification Market Size, Share, Competitive Landscape and Trend Analysis Report by Gasifier, by Application : Global Opportunity Analysis and Industry Forecast, 2024-2032

Coal Gasification Market Size, Share, Competitive Landscape and Trend Analysis...

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Coal Gasification Market Size, Share, Competitive Landscape and Trend Analysis Report by Gasifier, by Application : Global Opportunity Analysis and Industry Forecast, 2024-2032
Coal Gasification Market Size, Share,...
Report Code
RO6/128/1075

Publish Date
30/Apr/2024

Pages
200
PRICE
$ 4900 /-
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The global coal gasification market revenue was around US$ 208.2 billion in 2023 and is estimated to reach US$ 544.2 billion by 2032, growing at a compound annual growth rate (CAGR) of 11.4% during the forecast period from 2024 to 2032.

Coal gasification offers a practical solution for using coal to satisfy strict environmental regulations. The coal gasification method includes the oxidation of coal by oxygen, air, steam, or carbon dioxide under supervised conditions for the production of fuel gas called syngas.

Factors Influencing Market Growth

- The domain of gasification technologies has witnessed diversification, encompassing strategies desired at cost reduction via integration as well as those highlighting compact, modular gasifiers. These factors are expected to propel the growth of the market during the forecast period.

- Coal gasification is a complicated procedure because it needs proper monitoring of various parameters including gas composition, temperature, pressure, and others which is expected to restrain the growth of the market during the forecast period.

- Governments worldwide are actively helping coal gasification, which is expected to have a positive influence on the coal gasification market.

Impact of COVID-19

The sudden outbreak of the COVID-19 pandemic had a negative influence on the growth of the global coal gasification market. The demand for coal gasification from the end-use industries dropped significantly because of the strict lockdown imposed by government bodies which concern the demand side of the market.

Regional Analysis

In 2023, Asia-Pacific dominated the global coal gasification market in terms of revenue. This is because the Asia-Pacific countries mainly India, China, Australia, Japan, Indonesia, and South Korea have been vigorously engaging in several coal gasification projects due to the presence of significant coal reserves. Also, in China, several coal-to-chemical projects as well as coal-to-methanol projects have been implemented.

Leading Companies

The leading prominent companies profiled in the global coal gasification market are: -

- Air Liquide
- Mitsubishi Heavy Industries Ltd.
- Air Products
- Thyssenkrupp Uhde GmbH
- Andritz
- Dakota Gasification Company
- Sedin Engineering Co Ltd.
- Sasol Limited
- Linc Energy Ltd.
- Shanxi Lu'an Mining Group Co., Ltd.
- Other prominent key players

Segmentation Outline

The global coal gasification market segmentation focuses on Gasifier, Application, and Region.

Segmentation based on Gasifier

- Fixed Bed
- Fluidized Bed
- Entrained Flow

Segmentation based on Application

- Fertilizers
- Electricity Generation
- Chemicals
- Hydrogen Generation
- Steel Production
- Others

Segmentation based on Region

- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa

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