Syngas Market Report 2025 (Global Edition)

Global Syngas Market Report 2025 Market Size Split by Gasifier (Moving Bed Gasifier, Fluidized Bed Gasifier, Entrained Flow Gasifier, Others), by Technology (Steam Reforming, Partial Oxidation, Autoth...

Syngas Market Report Description

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Syngas Market Insights Video

Competitive Landscape of the Syngas Market

There are both established firms and developing businesses in the syngas sector, creating a varied competitive landscape. Technology advancement, feedstock accessibility, geographic reach, and strategic alliances are a few examples of the variables that impact the competitive dynamics of the industry. The market is dominated by companies such as Syngas Technology LLC, Air Products and Chemicals Inc., John Wood Group, Air Liquide, BASF SE, The Linde Group, Syngas Energy Holdings, and SIEMENS AG along with ROYAL DUTCH SHELL PLC.

August 2023: An agreement to develop and implement advanced synthesis gas reactor technology, primarily for the production of blue hydrogen, has been announced by Lummus Technology and Biohydrogen Technologies. Biohydrogen Technologies will benefit from Lummus's experience in reactor design and scale-up, provision of proprietary equipment, and hydrogen and synthesis gas plant design through its Green Circle business unit. The large-scale production of blue hydrogen may be addressed economically using this method. The technology's smaller footprint, reduced capital cost, increased thermal efficiency, and capacity to absorb over 99% of carbon dioxide under pressure set it apart from alternative viable alternatives. Source: https://www.chemengonline.com/lummus-to-collaborate-with-biohydrogen-technologies-on-new-syngas-reactor-for-hydrogen-production/?printmode=1.

 

Top Companies Market Share in Syngas Industry: (In no particular order of Rank)

• ROYAL DUTCH SHELL PLC
• SynGas Technology LLC
• SIEMENS AG
• Air Products and Chemicals Inc.
• Syngas Energy Holdings
• John Wood Group
• Air Liquide
• Sasol Limited
• BASF SE
• The Linde Group
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Syngas Market

Which Region Dominates the Syngas Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. Key factors expected to contribute to revenue growth of the market in the region are the increased demand for sustainable energy sources, power, and liquid fuel for both home and commercial services. Clean syngas are perfect for the synthesis of fuels, chemicals, and other derivatives and allow for the production of energy with the least amount of carbon footprint. Integrating systems with improved reactors' increased availability, dependability, and flexibility with gasification, syngas upgrading and cleanup, and syngas conversion into fuels or electricity can result in lower production costs and better environmental performance.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Syngas market. The Asia Pacific syngas market is expanding significantly due to reasons like fast industrialization, rising energy consumption, and a strong emphasis on greener energy sources. The availability of a wide variety of feedstock in the area and government regulations that are favorable to the industry also help to drive its growth.

The current report Scope analyzes Syngas Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Syngas Market Analysis

According to Cognitive Market Research, the global Syngas market size was estimated at USD 63541.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 25416.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Syngas market with a market size of USD 20053.60 million in 2024 and is projected to grow at a CAGR of 9.5% during the forecast period. The demand is amplified by the nation's growing technological advancements.
• The Canada Syngas market had a market share of USD 3049.98 million in 2024 and is projected to grow at a CAGR of 10.5% during the forecast period. Canada's growing investment.
• The Mexico Syngas market is projected to witness growth at a CAGR of 10.2% during the forecast period, with a market size of USD 2312.90 million in 2024.

Europe Syngas Market Analysis

According to Cognitive Market Research, the global Syngas market size was estimated at USD 63541.2 Million out of which Europe held the market more than 30% of the global revenue with a market size of USD 19062.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.

• The United Kingdom Syngas market had a market share of USD 3202.48 million in 2024 and is projected to grow at a CAGR of 10.8% during the forecast period. In the UK, Syngas sales witness an upswing due to the growing investment.
• The France Syngas market is projected to witness growth at a CAGR of 9.2% during the forecast period, with a market size of USD 1753.74 million in 2024.
• According to Cognitive Market Research, the German Syngas market size was valued at USD 3774.35 million in 2024 and is projected to grow at a CAGR of 10.2% during the forecast period. In Germany, Syngas sales surged due to the increasing government initiatives.
• The Italy Syngas market is projected to witness growth at a CAGR of 9.4% during the forecast period, with a market size of USD 1639.36 million in 2024.
• The Russia Syngas market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 2954.67 million in 2024.
• The Spain Syngas market is projected to witness growth at a CAGR of 9.1% during the forecast period with a market size of USD 1563.11 million in 2024
• The Luxembourg Syngas market is projected to witness growth at a CAGR of 10.1% during the forecast period, with a market size of USD 590.93 million in 2024.
• The Portugal Syngas market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 400.31 million in 2024.
• The Greece Syngas market is projected to witness growth at a CAGR of 10.3% during the forecast period, with a market size of USD 228.75 million in 2024.
• Rest of Europe's Syngas market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 2954.67 million in 2024.

Asia Pacific Syngas Market Analysis

According to Cognitive Market Research, the global Syngas market size was estimated at USD 63541.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 14614.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Syngas market size was valued at USD 6576.51 million in 2024 and is projected to grow at a CAGR of 13.0% during the forecast period. Syngas sales surged in China due to increasing investment.
• The Japan Syngas market is projected to witness growth at a CAGR of 12.0% during the forecast period, with a market size of USD 2016.80 million in 2024.
• The India Syngas market had a market share of USD 1753.74 million in 2024 and is projected to grow at a CAGR of 15.3% during the forecast period. India's growing government initiatives.
• The South Korea Syngas market is projected to witness growth at a CAGR of 12.6% during the forecast period, with a market size of USD 1461.45 million in 2024.
• The Australian Syngas market is projected to witness growth at a CAGR of 13.2% during the forecast period, with a market size of USD 759.95 million in 2024.
• The South East Asia Syngas market is projected to witness growth at a CAGR of 14.5% during the forecast period, with a market size of USD 1008.40 million in 2024.
• The Rest of the Asia Pacific Syngas market is projected to witness growth at a CAGR of 13.3% during the forecast period, with a market size of USD 1037.63 million in 2024.

South America Syngas Market Analysis

According to Cognitive Market Research, the global Syngas market size was estimated at USD 63541.2 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 3177.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Syngas market size was valued at USD 1359.78 million in 2024 and is projected to grow at a CAGR of 11.5% during the forecast period. Syngas sales flourish in Brazil due to rising technological advancement.
• Argentina Syngas market had a market share of USD 533.75 million in 2024 and is projected to grow at a CAGR of 11.8% during the forecast period. The growing investment drives the market growth in the nation.
• Colombia Syngas market is projected to witness growth at a CAGR of 10.7% during the forecast period with a market size of USD 282.76 million in 2024.
• Peru Syngas market is projected to witness growth at a CAGR of 11.1% during the forecast period with a market size of USD 260.52 million in 2024.
• Chile Syngas market is projected to witness growth at a CAGR of 11.2% during the forecast period with a market size of USD 228.75 million in 2024.
• The Rest of Latin America Syngas market is projected to witness growth at a CAGR of 10.0% during the forecast period, with a market size of USD 511.51 million in 2024.

Middle East Syngas Market Analysis

According to Cognitive Market Research, the global Syngas market size was estimated at USD 63541.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 1270.82 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.2% from 2024 to 2031.

• The GCC Countries Syngas market is projected to witness growth at a CAGR of 12.0% during the forecast period with a market size of USD 543.91 million in 2024. Syngas sales flourish due to the growing technological advancement.
• The Egypt Syngas market is projected to witness growth at a CAGR of 11.5% during the forecast period, with a market size of USD 133.44 million in 2024.
• The South Africa Syngas market is projected to witness growth at a CAGR of 12.2% during the forecast period, with a market size of USD 200.79 million in 2024. Syngas sales flourish in South Africa due to the rising investment.
• The Turkey Syngas market is projected to witness growth at a CAGR of 10.7% during the forecast period, with a market size of USD 109.29 million in 2024.
• The Nigeria Syngas market is projected to witness growth at a CAGR of 10.3% during the forecast period, with a market size of USD 133.44 million in 2024.
• The Rest of MEA Syngas market is projected to witness growth at a CAGR of 10.2% during the forecast period, with a market size of USD 149.96 million in 2024.

Syngas Market Analysis

Syngas Market Gasifier Segment Analysis

According to Cognitive Market Research, Fluidized Bed Gasifier stands out as the dominating category. Syngas can be produced from a variety of feedstocks, such as biomass, coal, and waste materials, using fluidized bed gasification. The effective conversion of feedstock into syngas with good control over the composition of the resulting gas is made possible by fluidized beds. They are flexible enough to accommodate various project requirements since they can handle a broad range of feedstock sizes and grades. Because it runs at a lower temperature, pollutants like sulfur and nitrogen oxides are released in smaller amounts. This trait fits in nicely with the syngas market's increasing need for greener energy options.

Moving Bed Gasifier emerges as the fastest-growing category in the Syngas market. Moving bed gasifiers, often referred to as fixed bed gasifiers, work by introducing a regulated volume of air, oxygen, or steam from the bottom of the gasifier while solid feedstock (such as coal, biomass, or trash) is fed from the top. As the feedstock interacts to form syngas, which are collected from the top of the gasifier, it flows downhill through the gasifier. Throughout the anticipated period, the market expansion is driven by this gasifier's cost-effectiveness.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Syngas Industry. Request a Free Sample PDF!

Syngas Market Operation Technology Segment Analysis

According to Cognitive Market Research, the dominating category is Steam Reforming. A popular technique for creating syngas from a variety of feedstocks, such as coal, biogas, and natural gas, is steam reforming. The process involves using steam to heat feedstock in a regulated environment, usually to temperatures between 700°C and 1000°C. The syngas mixture is created during this reaction, which reduces the complex molecules in the feedstock to simpler elements like hydrogen, carbon dioxide, and carbon monoxide.

The fastest-growing category in the Syngas market is the Biomass Gasification. Through a process known as thermochemical conversion, organic materials such as wood chips, agricultural wastes, and even municipal waste are transformed into a gaseous mixture that is mainly made up of methane, hydrogen, and carbon monoxide.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Syngas Feedstock Segment Analysis

Feedstock Segment Analysis

According to Cognitive Market Research, the dominating category is Natural Gas. In the syngas market, natural gas is a vital and extensively used feedstock that is essential to the manufacturing of synthesis gas. Steam methane reforming (SMR) is the process that converts methane, the main component of natural gas, into syngas. Natural gas is becoming a favored feedstock for syngas production due to its abundance and comparatively low cost. This provides an economical and efficient way to address the growing demand for industrial gases and chemicals.

The fastest-growing category in the Syngas market is the Biomass/Waste. For the generation of syngas, biomass—which includes forestry waste, energy crops specifically grown for energy, and agricultural residues—offers a viable substitute for conventional fossil fuels. The growing trend of waste management drives market growth.

• Natural Gas
• Coal
• Biomass/Waste
• Others

Syngas Application Segment Analysis

Application Segment Analysis

According to Cognitive Market Research, the dominating category is Power Generation. The growing need for greener energy sources, improvements in gasification technology, and pro-gasification government regulations are driving the syngas industry for power generation. Syngas, also known as synthetic gas, is created when carbon-based sources such as waste, biomass, and coal are gasified. It can be utilized as a fuel for electricity generation, offering conventional fossil fuels a flexible and comparatively cleaner substitute.

The fastest-growing category in the Syngas market is the Chemicals. The syngas market is driven by the rising demand for chemicals worldwide, which is a result of population increase, urbanization, and industrialization. Fertilizers for agriculture, synthetic fuels and materials for automobiles, and plastics and solvents for consumer goods are some of the key industries.

• Power Generation
• Chemicals
• Others

Author's Detail

Ashwini Moharir

Research Analyst at Cognitive Market Research

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Enthusiastic and analytical market research professional with 2 years of hands-on experience in tracking market trends, evaluating consumer behavior, and supporting strategic decision-making. Proficient in designing surveys, conducting interviews, and synthesizing insights from both primary and secondary sources. Successfully contributed to research projects across sectors such as retail, personal care, and industrial markets. Brings a keen eye for detail, strong data interpretation skills, and a passion for uncovering what drives markets forward. Comfortable working in fast-paced environments and collaborating across departments to deliver clear, actionable findings.

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