Rapid Growth of Transportation Sector Anticipated to Drive Global Gas to Liquid (GTL) Market over the Forecast Period: Ken Research

Gas to liquid (GTL) system is a refinery method to convert natural gas into longer-chain hydrocarbons, such as diesel fuel or gasoline. It is mainly produced by the process of Fischer-Tropsch technique. It consists of zero sulfur content and higher amount of cetane. It can offer reduction or elimination in the quantity of NOx and particulate emissions. It comprises of three key process steps. First & foremost process, the natural gas is transformed to synthesis gas, which is a combination of gases encompassing unreacted methane, carbon monoxide, carbon dioxide and hydrogen. The second process is the Fischer Tropsch (FT), which converts hydrogen & carbon monoxide to long chain hydrocarbons. In the final step, the hydrocarbons are upgraded & refined into a definite state of liquid fuels.

According to study, “Global Gas to liquid (GTL) Market Information Report by Product (GTL Diesel, and GTL Naphtha), by Application (Fuel Oil, Lubricating Oil, Process Oil, and Others) and by Region – Global Forecast To 2022” the key companies operating in the global Gas to liquid (GTL) market are Sasol Limited, Velocys Plc., PetroSA, ORYX GTL, Royal Dutch Shell plc., OLTIN YO’L GTL, Chevron Corporation. The market is moderately consolidated among top players in the industry, due to high entry barriers for instance raw material scarcity, high capital costs, and intensive technology that prevent new entrants.

Based on product type, Gas to liquid (GTL) market is segmented into GTL naphtha and GTL diesel. Based on product size, market is segmented into small-scale plant and large-scale plant. Based on processing technology, market is segmented into Fischer-Tropsch (FT), Methanol to Gasoline (MTG), and Syngas to gasoline plus process. FT process holds major share inn market owing to high demand for partial oxidation of hydrogen & natural gas, followed by a cracking process. In addition, based on application, market is segmented into fuel oil, process oil, lubricating oil, and others.

The Gas to liquid (GTL) market is driven by rise in demand for energy, followed by increase in initiatives for the conversion of waste natural gas into liquid fuels, surge in transportation requirements in numerous nations, increase in demand for clean fuel, growth in investment in GTL projects and rise in government policies that support the production of clean fuel. However, high cost involved in the expansion of gas to liquids plants coupled with size constraints of slurry based & fixed reactors may impact the market. Moreover, with rise in natural gas consumption particularly in countries such as Japan, India, and China the introduction of lesser sized micro-channel reactors in place of conventional reactors can open opportunities for the market.

Based on geography, Gas to liquid (GTL) market is segmented into Europe, North America, Asia Pacific (APAC), Middle East and Africa (MEA) and Central & South America. Most GTL plants are currently located in South Africa, Nigeria, Mozambique, Qatar, leading to high consumption in MEA. Rise in plant construction owing to increase in energy consumption in Singapore, Japan, Malaysia, China, and India is expected to increase demand in APAC region. It is projected that the market will be reached at rapid pace on account of rise in demand for alternative energy sources and increase in concerns over fossil fuel depletion during the forecast period.

For more information, click on the link below:

Global Gas to liquid (GTL) Market

Contact Us:    

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91 9015378249

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