Global Gas-to-liquid (GTL) Market Growth 2023-2029
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Gas to liquids (GTL) is a refinery process to convert natural gas or other gaseous hydrocarbons into longer-chain hydrocarbons such as gasoline or diesel fuel. Methane-rich gases are converted into liquid synthetic fuels either via direct conversion using the new GasTechno® non-catalytic gas-to-liquids process that converts methane to methanol in one step. Or via syngas as an intermediate, for example using the Fischer Tropsch or Mobil processes.
LPI (LP Information)' newest research report, the “Gas-to-liquid (GTL) Industry Forecast” looks at past sales and reviews total world Gas-to-liquid (GTL) sales in 2022, providing a comprehensive analysis by region and market sector of projected Gas-to-liquid (GTL) sales for 2023 through 2029. With Gas-to-liquid (GTL) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Gas-to-liquid (GTL) industry.
This Insight Report provides a comprehensive analysis of the global Gas-to-liquid (GTL) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Gas-to-liquid (GTL) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Gas-to-liquid (GTL) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Gas-to-liquid (GTL) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Gas-to-liquid (GTL).
The global Gas-to-liquid (GTL) market size is projected to grow from US$ 55 million in 2022 to US$ 71 million in 2029; it is expected to grow at a CAGR of 71 from 2023 to 2029.
GTL Diesel accounts for more than 68% of the market, and the market share has not changed a lot. GTL Naphtha is much fewer than GTL Diesel.
This report presents a comprehensive overview, market shares, and growth opportunities of Gas-to-liquid (GTL) market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
GTL Diesel
GTL Naphtha
Others
Segmentation by application
Fuel Oil
Lubricating Oil
Process Oils
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Shell
Oryx GTL
PetroSA
OLTIN YO'L GTL
Chevron
Key Questions Addressed in this Report
What is the 10-year outlook for the global Gas-to-liquid (GTL) market?
What factors are driving Gas-to-liquid (GTL) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Gas-to-liquid (GTL) market opportunities vary by end market size?
How does Gas-to-liquid (GTL) break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?