In recent years, the call for energy has escalated dramatically around the world. Fluctuations in natural gas prices are predicted to increase the worldwide market for underground coal gasification in the coming years. The research study offers an in-depth analysis of the worldwide underground coal gasification market. The expansion of the worldwide economy has dramatically escalated the call for energy. Call is driven by countries like the United States and other emerging economies like China and India. Coal gasification involves converting coal to a gaseous form, which is then burned as fuel. Coal gasification technology was popular before World War II, but lost popularity after the war, due to the low cost of oil and natural gas. In the 1970s, utility companies showed escalated interest in coal gasification technology due to escalatedcall for fuels and to meet environmental calls. Coal gasification can be considered a promising energy technology for the 21st century. In North America and Europe, leading energy research organizations and institutes are investing in R&D to develop coal gasification technology.
Coal Gasification Market Trends:
The global coal gasification market is predicted to witness expansion over the foreseen period. Growing call for clean and more efficient energy generation technology in industries as well as household applications is likely to fuel the market expansion.
The main market drivers in the worldwide coal gasification market are the escalated use of UCG and the flexibility of feedstock. Since a variety of feedstocks, such as petroleum coke, biomass, coal, and natural gas, can be employed for synthesis gas production, dependence on a particular feedstock decreases. Also, the latest gasifiers available on the market are highly advanced and have the ability to handle multiple feedstocks. The factor that could limit the expansion of the global coal gasification market is the increase in the cost of installing power plants. This technology anticipates a lower capital requirement and a reduction in the cost of plant installation are some of the main factors that are likely to encourage the expansion of the worldwide market for underground coal gasification in the coming years. Additionally, strict environmental obligations and reduced need for road and rail infrastructure are predicted to accelerate market expansion in the near future. Also, the growing awareness of the benefits of these technologies is predicted to complement the market expansion in the coming years, being 35% more expensive than traditional coal technology. Another important factor, dominant over traditional combustion technology, is that biodegradable materials are raw materials for the process. The process is commonly employed in power generation industries. Furthermore, the escalating adoption of electric motor systems among end-user industries has escalated the call for energy in the industrial sector.
On the other hand, the negative impact of underground coal gasification on the environment, which is mainly due to drilling activities, is believed to slow the expansion of the worldwide market for coal gasification.
However, the growing number of coal deposits in several developing economies is predicted to provide promising opportunities for the major players in the global coal gasification market in the coming years. The escalatingcall for energy around the world is predicted to have a positive impact on the expansion of the worldwide coal gasification market.
Strong call for oil from the petrochemical sector is predicted to hamper the expansion in the size of the global coal gasification market.
Market Size Available
2019 – 2025
2020 - 2025
By Product, Type, Consumption, Distribution Channel and Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled
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
The fertilizer segment is predicted to hold the largest market share during the foreseen period. In 2019, this segment had more than 40% of the market share by volume.
By process type:
The moving bed segment is anticipated to hold the major market share during the outlook period.
Coal Gasification Regional Analysis:
The Coal Gasification Report includes the segmentation of Regions with their respective Countries.
North America is predicted to represent a key share of the worldwide market and is predicted to dominate in the coming years. A significant contribution from the United States is likely to complement expansion in this area during the foreseen period. Also, Asia-Pacific is predicted to see strong expansion in the coming years, thanks to strong development in various industries. In this region, India, Australia and China are seen as key markets driving the expansion of the coal gasification market in Asia-Pacific. Also, the untapped markets in this region are predicted to create lucrative opportunities for the major market players. The research study has highlighted the key factors that are predicted to spur market expansion in the near future.
In 2019, the largest market share was held by the Asia Pacific region, followed by Latin America. The coal gasification market in the Asia-Pacific region is predicted to present lucrative opportunities, due to the large number of gasification activity in the syngas and chemical industries in China, Japan and India. Asia Pacific is supposed to be the largest market for coal gasification over the next five years due to the impressive expansion of end-use industries ranging from energy to chemicals. China, India and Australia are key markets for coal gasification projects. China is the largest producer and consumer of coal-based energy. It consumes almost half of the total coal production to satisfy its energy call. China has conducted 17 UCG trials since 1991 to verify the economic viability of UCG.
According to the study, the worldwide market is predicted to see significant expansion in the coming years and is likely to attract a large number of players in the coming years. Also, the escalating number of mergers and acquisitions is likely to contribute to the development of the market in the near future.
The major players involved in the global coal gasification market include 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.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Coal Gasification Market, By Process Type
6.1.1 Moving Bed
6.1.2 Fluidized Bed
6.1.3 Entrained Bed
6.1.4 Molten Bed
6.1.5 Market Size Estimations & Forecasts (2019-2024)
6.1.6 Y-o-Y Growth Rate Analysis
6.1.7 Market Attractiveness Index
6.2 Coal Gasification Market, By Application
6.2.1 Fuel Gas
6.2.3 Power Generation
6.2.5 Chemical Make
6.2.6 Market Size Estimations & Forecasts (2019-2024)
6.2.7 Y-o-Y Growth Rate Analysis
6.2.8 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Process Type
7.2.3 By Application
7.3.1 By Country
18.104.22.168 Rest of Europe
7.3.2 By Process Type
7.3.3 By Application
7.4 Asia Pacific
7.4.1 By Country
22.214.171.124 South Korea
126.96.36.199 South East Asia
188.8.131.52 Australia & NZ
184.108.40.206 Rest of Asia-Pacific
7.4.2 By Process Type
7.4.3 By Application
7.5 Latin America
7.5.1 By Country
220.127.116.11 Rest of Latin America
7.5.2 By Process Type
7.5.3 By Application
7.6 Middle East and Africa
7.6.1 By Country
18.104.22.168 Middle East
7.6.2 By Process Type
7.6.3 By Application
8. Key Player Analysis
8.1 General Electric Company
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Royal Dutch Shell Plc
8.3 Mitsubishi Heavy Industries, Ltd
8.4 Sedin Engineering
8.5 McDermott International, Inc
8.6 KBR, Inc
8.7 Oil and Natural Gas Corporation Ltd.
8.8 ThyssenKrupp AG
8.9 Petrochemical Corporation of Singapore (Private) Ltd
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures