New York, NY, Dec. 12, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Coal Gasification Market By Application (Fuel Gas, Feedstock, Power Generation, Fertilizer, and Chemical Making), and By Process Type (Moving Bed, Fluidized Bed, Entrained Bed, and Molten Bed): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017–2026”. According to the report, the global coal gasification market was valued at 1,49,997 MW in 2017 and is expected to reach around 3,89,825 MW by 2026, growing at a CAGR of approximately 10.8% for the forecast period 2018 to 2026.
The global coal gasification market is segmented based on application and process type. By application, the coal gasification market is distributed into fuel gas, feedstock, power generation, fertilizer, and chemical make. By process type, this global market is categorized into moving bed, fluidized bed, entrained bed, and molten bed.
Browse through 49 Tables & 19 Figures spread over 210 Pages and in-depth TOC on “Global Coal Gasification Market: Industry Size, Share, Trends, Growth Analysis, and Forecast, 2017–2026”.
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The fertilizer segment is anticipated to hold the major market share during the forecast time period. In 2017, this segment held more than 40% of the market share in terms of volume. Ammonia production with the help of coal gasification process has increased the demand fertilizers that are rich in nitrogen. The other segment that promises to show a good growth rate, above 10.5%, is power generation. The growing trend of integrated coal gasification combined cycle (IGCC) power plants worldwide has increased the opportunities for coal gasification in power generation. The demand for coal gasification technology has increased in fuel gas production, owing to the increased use of synthetic natural gas.
The entrained bed segment held the largest market share, around 48%, in 2017. The advantages of this process, such as flexibility in any coal feedstock and to generate clean and tar-free syngas, has increased its demand in the global market for coal gasification. This segment is also anticipated to register the highest CAGR, of above 11%, during the forecast time period. The moving bed segment is also anticipated to contribute a good market share during the estimated timeframe. This process involves the moderate requirement of steam and oxidant and provides fuel and load flexibility, which, in turn, increases this process’ demand on a global scale.
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By region, the global coal gasification market is segmented into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. North America is likely to show a good rate of growth in the coal gasification market during the forecast time period. At the country level, the U.S. contributed the majority market share, around 85%, in the year 2017 and is anticipated to retain its dominance during the upcoming years as well.
Moderate market growth is likely to be registered in the European region. In terms of volume, the region contributed 5.13% share in 2017. Germany contributed the majority share in the coal gasification market in 2017, which was above 23%. Other countries, such as UK and rest of the European countries, are also anticipated to contribute substantial market shares in the upcoming years.
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The region dominating the coal gasification market is Asia Pacific, with around 117,058 MW share in 2017. It is expected that the region will retain its dominance in the forecast time period. At the country level, China contributed the highest market share, of above 34%, in 2017. Other countries, such as India and Japan, are also promising markets for coal gasification. Growing chemical, fertilizer, and coal to liquid industries in the Asia Pacific region, especially in India, South Korea, China, Malaysia, Japan, etc., is driving this region’s coal gasification market.
The Middle East and Africa and Latin America are likely to witness good market growth. In terms of volume, the Latin American coal gasification market accounted for more than 2,200 megawatts in 2017 and is expected to register a good rate of growth in the upcoming years. In Latin America, Brazil held the majority share of the coal gasification market.
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The major market players involved in the coal gasification market are General Electric Company, Royal Dutch Shell Plc, Mitsubishi Heavy Industries, Ltd., Sedin Engineering, McDermott International, Inc., KBR, Inc., Oil and Natural Gas Corporation Ltd., ThyssenKrupp AG, and Petrochemical Corporation of Singapore (Private) Limited, among others.
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This report segments the coal gasification market as follows:
Global Coal Gasification Market: By Application
- Fuel Gas
- Feedstock
- Power Generation
- Fertilizer
- Chemical Making
Global Coal Gasification Market: By Process Type
- Moving Bed
- Fluidized Bed
- Entrained Bed
- Molten Bed
Global Coal Gasification Market: By Region
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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