About Coal to Liquid
Coal to liquid or Coal liquefaction is a process in which coal is converted into liquid hydrocarbons. In this method, coal is dissolved in a solvent at high pressure and temperature followed by hydrogen treatment to create liquid fuel. The two specific methods including coal liquefaction (DCL) or indirect coal liquefaction (ICL) are used particularly for such kind of coal to liquid processes. Increasing urbanization in the major countries across the world and the extension of industrialization particularly in emerging economies has increased the demand for coal liquefaction.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.7% |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. This market has various growth opportunities that leading players capture via tracking the ongoing process enhancement and huge investment in market growth strategies. Analyst at AMA Research estimates that Australian Manufacturers will contribute the maximum growth to Global Coal to Liquid market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Pall Corporation (United States), Shenhua Group (China), Yankuang Group (China), DKRW Energy (United States), Envidity Energy Inc. (Canada), Shell Global (Netherlands), Chevron (United States), Altona Energy Plc. (United Kingdom) and TransGas Development Systems, LLC (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Inner Mongolia Yitai Coal Co., Ltd. (China), Monash Energy (Australia) and Linc Energy (Australia).
Segmentation Overview
AMA Research has segmented the market of Global Coal to Liquid market by Type (Diesel, Gasoline and Others), Application (Transportation Fuel, Cooking Fuel, Chemical Feedstocks and Others (Lubricants, Synthetic Waxes)) and Region.
On the basis of geography, the market of Coal to Liquid has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology Type, the sub-segment i.e. Direct Coal Liquefaction will boost the Coal to Liquid market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing concerns towards health and optimum air quality, clean cooking fuel demand
Market Growth Drivers:
Growing liquid fuel demand coupled with unstable oil and gas supply, Recent developments in coal liquefaction using environment-friendly techniques and Surging energy demand coupled with increased vehicular emission norms
Challenges:
Stringent government regulations imposed on emission of greenhouse gases and carbon and Growing demand of biomass for fuels
Restraints:
Surging demand and volatile crude oil and derivative prices and High capital costs incurred in plant setup and technology implementation
Opportunities:
Combination of biomass with coal provides opportunity for setting up coal to liquids plants
Market Leaders and their expansionary development strategies
On January 18, 2023, Shell and Equinor announced a final investment decision (FID) on a new carbon capture and storage (CCS) project in Norway, which will be the largest of its kind in Europe.
On January 19, 2021, Sasol and TotalEnergies agreed to merge their South African refining businesses, creating a joint venture that will be the largest refiner in Africa.
EPA is regulating greenhouse gas emissions from power plants under Section 111 of the Clean Air Act which allows EPA and the states greater flexibility in crafting and implementing a standard.
Key Target Audience
Research Center, Power Generation Industry, Government Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.