SEA Syngas Industry

South-East Asia Syngas Market Analysis

The South-East Asia Syngas Market is expected to register a CAGR of greater than 9% during the forecast period.

• High capital investment and funding is likely to hinder the market's growth.
• Development of underground coal gasification technology is likely to create opportunities to the market growth in the future.
• Indonesia is expected to dominate the market and is also expected to witness the fastest CAGR during the forecast period.

South-East Asia Syngas Market Trends

Increasing Usage in Power Generation Industry

• The power industry is the backbone of the industrial sector that supplies essential energy to industrial, commercial, manufacturing, and residential customers.
• Synthesis gas plays a huge role in power generation, as it is used as an intermediate in creating synthetic natural gas (SNG), which has various application, such as:
• IGCC plants use gasifiers that convert coal or any other carbon-based materials to syngas, which is used in driving a combined cycle turbine to generate electricity. IGCC plants can achieve efficiencies of 45% and have low emissions, since the fuel is cleaned before it is fired in the gas cycle turbine.
• Biogas, which is a form of renewable energy, can be obtained through thermochemical gasification of synthetic gas.
• Gasification and pyrolysis processes produce a combustible synthetic gas that can either be used to produce electricity, or further refined and upgraded for direct generation in a gas turbine or engine.
• The aforementioned factors have been boosting the demand for syngas in the region, in the recent times.

Indonesia to Dominate the Market

• The Indonesian power generation sector has witnessed a significant growth during the past five years.
• Growing population in the country, rising per capita income, and structurally lower electrification ratio, together, indicate rapid growth for the electricity demand during the forecast period.
• With the current slowdown in the mining sector, some rebalancing of economic growth toward manufacturing is likely to take place over the forecast period.
• The chemical manufacturing sector in the country is growing, due to the increasing demand for chemicals in various applications.
• Overall, the growing end-user industries in the country are projected to drive the market during the forecast period.

South-East Asia Syngas Industry Overview

The South-East Asia (SEA) syngas market is fragmented in nature. Key players in the market include Air Products and Chemicals, Inc., Linde plc, Air Liquide, and Haldor Topsoe A/S, among others.

South-East Asia Syngas Market Leaders