Gas To Liquid (GTL) Market is growing at a slow but steady pace and according to Market Research Future (MRFR), it is set to capture a CAGR of 7.55% between 2017 and 2025. Global Gas To Liquids Market growth is boosted by factors such as escalating demand for clean energy source, mounting need for liquid fuels for storage and transportation convenience. Gas to liquid products are considered to be odorless and colorless and do not contain any impurities that are extant in crude oil such as nitrogen, aromatics, and sulfur.
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The prominent competitors in the gas to liquid (GTL) market globally are Chevron Corporation (U.S.), Sasol Limited (South Africa), PetroSA (South Africa), Royal Dutch Shell Plc. (The Netherlands), OLTIN YO’L GTL (Uzbekistan), Velocys Plc. (U.K.), ORYX GTL (Qatar) and others.
Global Gas To Liquid Market Highlights:
The gas to liquid market in recent years has observed rapid growth in support of the convenience of liquid fuels regarding storage and transportation. Liquid fuels that are attained from this process are mainly of superior quality as compared to that acquired from natural gas. Moreover, diesel fuel received through the gas to liquid process generally comprises lower volumes of particulates, pollutants, and sulfur as compared to conventional diesel fuels.
The escalating energy demands globally have motivated the demand for gas to liquid sources to a great extent. Market reports linked to the energy and power industry have been offered by Market Research Future which makes reports on other industry verticals that aims to study the current market scenarios better. The market is anticipated to develop with a CAGR of 7.42% while earning revenues worth USD 16,374.5 million by the conclusion of the forecast period.
The global gas to liquid market is probable to observe extensive growth during the forecast period. The factors that are bolstering the growth of the gas to liquid market include escalating demand for clean energy source, mounting need for liquid fuels for storage and transportation convenience, strict government regulations for controlling carbon footprint to promote cleaner fuel sources, increasing transportation activities, urbanization and rapidly rising population.
The upsurge in fossil fuel depletion has led to the development of the gas to liquid market globally. The market is anticipated to develop positively due to the escalated use of fuel oil in boilers and other equipment for producing heat and energy. The stringent carbon emission targets instated globally are expected to add to the development of the gas to liquid market in the forecast period. The market’s growth is expected to be further motivated by the rise in industrial growth during the forecast period.
On the other hand, the additional factors that are propelling the market growth thus include the surge in industrial growth and escalated usage of fuel oil especially in boilers as well as other equipment to produce heat and energy. The increasing consumption of natural gas primarily in developed regions, across the world, and the availability of micro-channel reactors are assuring to open opportunities for the gas to liquid market.
Segmental Analysis:
The segmentation of the gas to liquid market is conducted on the basis of product, application, and region. On the basis of product, the gas to liquid (GTL) market has been segmented into GTL naphtha and GTL diesel. On the basis of application, the gas to liquid market has been segmented into process oil, lubricating oil, fuel oil, and others. The regions included in the gas to liquid market are South Africa, the U.S., Qatar, Nigeria, and Malaysia.
Regional Market Insights:
By region, the Global Gas To Liquid market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Middle East & Africa is estimated to be a prominent region for the GTL market. Moreover, Qatar is expected to have the most significant market share in the Middle East & African region.
According to the US EIA 2015, Qatar is a global leader in GTL technologies and has low GTL operational facilities in the country. The Oryx GTL plant is a joint venture of Qatar Petroleum (51 percent) and Sasol-Chevron (49 percent). This plant can produce 30,000 barrels per day of GTL products. The second plant, Pearl GTL plant is a joint venture of Qatar Petroleum (51 percent) and Shell (49 percent). This plant produces 140,000 barrels per day.
List Of Tables:
TABLE 1 Global Gas-To-Liquid (GTL) Sales Consumption (K Barrels/Day) And Growth Rate (%) Comparison By Products (2019–2025)
TABLE 2 Global Gas-To-Liquid (GTL) Production (K Barrels/Day) Comparison By Applications (2019–2025)
TABLE 3 Global Gas-To-Liquid (GTL) Production (K Barrels/Day), By Product (2019–2025)
TABLE 4 Global Gas-To-Liquid Production Share (%) By Product (2019–2025)
TABLE 5 Global Gas-To-Liquid Revenue (Million USD) And Market Share (%) By Product (2019–2025)
TABLE 6 Global Gas-To-Liquid Revenue Share (%) By Product (2019–2025)
TABLE 7 Global Gas-To-Liquid Production (K BARRELS/DAY) By Application (2019–2025)
TABLE 8 Global Gas-To-Liquid Production Share (%) By Application (2019–2025) 28
TABLE 9 Global Gas-To-Liquid (GTL) Production (K Barrels/Day) By Regions (2019–2025)
TABLE 10 Global Gas-To-Liquid (GTL) Production Market Share (%) By Regions (2019–2025)
TABLE 11 Global Gas-To-Liquid (GTL) Production Market Share (%) By Regions (2019–2025)
TABLE 12 Global Gas-To-Liquid (GTL) Sales Revenue (Million USD) By Regions (2019–2025)
TABLE 13 Global Gas-To-Liquid (GTL) Revenue Market Share (%) By Regions (2019–2025)
TABLE 14 US Gas-To-Liquid Production (K Barrels/Day) Market Share (%) By Product (2019–2025)
TABLE 15 US Gas-To-Liquid Production (K Barrels/Day) Market Share (%) By Product (2019–2025)
TABLE 16 US Gas-To-Liquid Production (K Barrels/Day) By Applications (2019–2025)
TABLE 17 Qatar Gas-To-Liquid Production (K Barrels/Day) By Product (2019–2025)
TABLE 18 Qatar Gas-To-Liquid Production (K Barrels/Day) Market Share (%) By Product (2019–2025)
Continued…
List Of Figures:
FIGURE 1 Global Gas-To-Liquid (GTL) Market Share (%) By Product In 2018
FIGURE 2 Global Gas-To-Liquid (GTL) Production (K Barrels/Day) Market Share (%) By Applications In 2018
FIGURE 3 Global Gas-To-Liquid (GTL) Market Size (Million USD) Comparison And Growth Rate (%) By Regions (2019–2025)
FIGURE 4 US Gas-To-Liquid (GTL) Revenue (Million USD) And Growth Rate (2019–2025)
FIGURE 5 Qatar Gas-To-Liquid (GTL) Revenue (Million USD) And Growth Rate (2019–2025)
FIGURE 6 South Africa Gas-To-Liquid (GTL) Revenue (Million USD) And Growth Rate (2012- 2022)
FIGURE 7 Nigeria Gas-To-Liquid (GTL) Revenue (Million USD) And Growth Rate (2019–2025)
FIGURE 8 Malaysia Gas-To-Liquid (GTL) Revenue (Million USD) And Growth Rate (2019–2025)
FIGURE 9 Global Gas-To-Liquid (GTL) Revenue (Million USD) Status And Outlook (2019–2025)
FIGURE 10 Global Gas-To-Liquid (GTL) Production (K Barrels/Day) Status And Outlook (2019–2025)
FIGURE 11 Global Gas-To-Liquid (GTL) Sales Market Share Of Top 5 Players
FIGURE 12 Global Gas-To-Liquid (GTL) Sales Market Share Of Top 3 Players
FIGURE 13 Production Market Share (%) Of Gas-To-Liquid, By Product (2012-2018)
FIGURE 14 Global Gas-To-Liquid Production Market Share By Product (2018)
FIGURE 15 Revenue Market Share (%) Of Gas-To-Liquid By Product (2019–2025)
FIGURE 16 Global Gas-To-Liquid Revenue Market Share By Product (2018)
FIGURE 17 Production Market Share (%) Of Gas-To-Liquid By Application (2012-2018)
FIGURE 18 Global Gas-To-Liquid Production Market Share (%) By Application (2018)
FIGURE 19 Global Gas-To-Liquid (GTL) Production Market Share (%) By Regions
FIGURE 20 Global Gas-To-Liquid (GTL) Revenue Market Share (%) By Regions (2019–2025)
Continued…
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