According to a recently published report, the global Gas To Liquid Market has been expected to grow at the CAGR of 6.9% during 2016-2022 and also it was anticipated to earn revenue of $8.8 billion in 2015. The global gas to liquid market is segmented on the basis of technology and geography. The report on global gas to liquid market forecast 2016-2022 (by technology and geography) provides detailed overview and predictive analysis of the market.
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The global gas to liquid market has been expected to grow exponentially due to rising awareness for cleaner fuel and comparatively lower cost of fuel production. Rising demand for alternative energy sources, depletion of fossil fuels and economic conversion of methane to synthetic fuel are the major drivers for adoption of gas to liquid methods of fuel production. Various technologies like FT process, MTG process and syngas to gasoline process are used for generating synthetic fuel. Formulation of stringent government regulations by several government in order to control population and promote cleaner fuel sources has been expected to further boost the market. Guidelines implemented such as Oilfields (Regulation and Development) Act of 1948, Petroleum and Natural Gas Regulatory Board Act 2006 and Oil Industry (Development) Act, 1974 have been anticipated to boost the application of gas to liquid in various end-user industries to conserve natural gas and other resources.
Synthetic fuel, produced as a result of gas to liquid conversion has a widespread use across various the industries like petroleum, transportation, industrial, energy, power and refineries and so on. Awareness regarding depletion of fossil fuel, high demand for power from industries and government policies favoring clean fuel will act as major drivers for the market growth. Another factor driving the GTL market is the need to decrease flaring from gas refineries. Factors that will restrain market growth are high costs for setting up GTL plants and slurry reactors. Growth in the automotive industry and rising need for economic cleaner fuel, have been expected to create significant opportunities for the growth of this market.
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Scope of the Report
- Global Gas To Liquid Market By Technology 2012 – 2022 ($ million)
1. FT (Fischer-Tropsch) Process
1.2. MTG (Methanol to Gasoline) Process
1.3. Syngas to gasoline plus process
- Global Gas To Liquid Market Regional Outlook 2012 – 2022 ($ million)
1. North America
2.3. Asia Pacific
2.4. Middle East & Africa
2.5. Central & South America
- Competitive landscape
1. BP Plc.
3.2. Chevron Nigeria
3.3. Chioyda Corporation
3.4. Compact GTL
3.5. Conoco Philips
3.6. Cosmo Oil
3.7. Exxon Mobil
3.8. GE Energy
3.9. Linc Energy
3.11. Qatar Petroleum
3.13. Royal Dutch Shell
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