Global Gas to Liquids Market: Overview
Gas-to-liquids (GTL) involves converting natural gas into high-quality liquid fuels, which are traditionally obtained from crude oil. At present, the ever-increasing demand for energy and the growing world population has necessitated the development of alternate energy sources to ease the burden on conventional sources. With the rising environmental considerations of conventional sources of energy, clean sources of energy are needed for reduced carbon footprint.
Natural gas is available in abundance and is affordable. Employing GTL production methodologies, countries with abundance of natural gas can use them for economic growth to replace them with traditionally produced liquid fuels. The use of GTL technology is a foolproof alternative to harness clean, abundant natural gas resources and produce high-quality petrochemical products and transportation fuels in a cost-effective and environmentally conscious manner.
Conversion of natural gas to liquid fuels is a refinery process, wherein gaseous hydrocarbons are converted into longer-chain hydrocarbons such as diesel fuel or gasoline. Methane-rich hydrocarbons are converted into synthetic fuels in three ways: Fischer-Tropsch process, Syngas to gasoline process, and Methanol to Gasoline process. Gas to liquid diesel is superior in quality over conventional refinery diesel produced from crude oil. The low-emission premium grade fuel can either be used pure or in blends with traditional diesel.
The global GTL market is segmented by size, application, production process, and location of major GTL plants.
The assessment of the vendor landscape of the GTL market makes for an interesting read as analysts have not only identified the top players but have also included their detailed competitive profile. Key parameters such as business overview, competitive strategies, product portfolio and specifications, financial standing, and recent developments have been taken into consideration to assess the performance of the key players in the global gas to liquids market.
Global Gas to Liquids Market: Drivers and Restraints
Across the world, the ever-increasing demand for energy, government policies that support the production of clean fuel, and initiatives for the conversion of waste natural gas into liquid fuels are the major factors driving the gas to liquids market. Over the past few years, several big companies have initiated the development of synthetic fuels using gas to liquid technology. As per the World Bank, almost 150 billion cubic meters of freely available natural gas can be transfomed into useful liquid fuels using gas to liquids technologies.
The high cost involved in the development of gas to liquids plants coupled with size constraints of slurry based and fixed reactors are the main restraints to this market. However, with increasing natural gas consumption particularly in countries such as India, Japan, and China the introduction of small sized micro-channel reactors in place of conventional reactors can open opportunities for gas to liquids market.
Global Gas to Liquids Market: Regional Outlook
The global GTL market is analyzed with respect to the regional segments of North America, Europe, Asia Pacific, and Rest of the World. This includes identification of major gas to liquids plants located in the regional segments of the market. At present, only a few GTL plants are operational; however, several large and small scale projects for the development of GTL facilities are underway in parts of the world. At present, the major GTL plants in the Middle East and Africa are located in Qatar, Nigeria, South Africa, and Mozambique, whereas Malaysia is actively involved in GTL operations in Asia Pacific.
Major Companies Mentioned in Report
Some of the key players in the gas to liquids market include Sasol Limited, Chevron Corporation, Compact GTL, Royal Dutch Shell, Primus Green energy, and Linc Energy among others.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.