Synthetic Natural Gas is a fuel gas that can be produced from renewable sources and fossil fuels such as biofuels and coal. It serves as a substitute for natural gas, and is ideal for transmission in natural gas pipelines. It is produced via gasification of coal and or biomass followed by methanation. SNG is also known as green gas and can be converted from coal through five processes: steam-oxygen gasification, catalytic steam gasification, hydrogasification, underground steam-oxygen gasification, and underground hydrogasification.
Restricted supply and high price of natural gas are driving the demand for Synthetic Natural Gas Market. Increase in government initiatives to invest significantly in the production of renewable energy sources to curb carbon emissions and ensure a stable supply of energy and inventiveness pertaining to waste management are estimated to propel the global Synthetic Natural Gas Market. However, high cost involved in establishing an SNG plant and increase in prices of fossil fuel are expected to hamper the Synthetic Natural Gas Market during the forecast period. SNG is a solution for medium to long term and has wide scope in bio-SNG production. Bio-SNG is produced in a manner similar to SNG; however, it is made through the gasification of biomass such as forestry residues or energy crops.
Based on source, the Synthetic Natural Gas Market can be segmented into coal, biomass, solid waste, and others. Synthetic natural gas or substitute natural gas is an artificially produced version of natural gas. SNG can be produced from coal, biomass, petroleum coke, and solid waste. The carbon containing mass is gasified, resulting in syngas that can be then converted to methane, the major component of natural gas. The coal segment is anticipated to dominate the SNG market, as coal helps lower natural gas imports and stabilizes fuel prices.
In terms of application, the Synthetic Natural Gas Market can be split into residential, commercial, and industrial. SNG has a vast potential market; any application that currently uses natural gas could use SNG. Gasification is widely used on-site in industrial applications to produce SNG and electricity, allowing continued operation of natural gas equipment but from a coal source. Thus, the industrial segment is also projected to account for key share of the Synthetic Natural Gas Market during the forecast period.
In terms of region, the Synthetic Natural Gas Market can be segregated into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Rise in demand for SNG in countries such as China, Japan, and India is significantly boosting the market in Asia Pacific. Latin America and Middle East & Africa also account for major share of the Synthetic Natural Gas Market. This can be ascribed to the increase in demand for SNG in key applications such as industrial and commercial. The Synthetic Natural Gas Market in North America is estimated to expand at a considerable pace during the forecast period owing to the rise in adoption of alternatives and renewable energy sources in the U.S. and Canada.
Global players are adopting research and development strategies and engaging in technological advancements in order to produce SNG and bio-SNG. Prominent companies operating in the Synthetic Natural Gas Market include Dakota Gasification Company, ZSW, Air Liquide, and TransTech Energy, Inc.
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.