Coal To Liquid (CTL) Market Boost The Industry Growth With USD 5.28 Billion By 2026 : Grand View Research Inc.

San Francisco, 28 March 2019: The Report Coal to Liquid (CTL) Market Size, Share & Trends Analysis Report By Technology (DCL, ICL), By Product (Diesel, Gasoline), By Region (APAC, MEA, North America, Central & South America), And Segment Forecasts, 2019 – 2026

The global Coal to Liquid (CTL) Market size is expected to reach USD 5.28 billion by 2026, according to a new report by Grand View Research, Inc. It is estimated to witness a CAGR of 3.9% over the forecast period. CTL, as a solution for supplementing production of transportation fuels from crude oil seems to be a more prospective option for the development of this industry based on better environmental capabilities, higher flexibility, and a stronger supporting experience and infrastructure.

However, considering the current industry status, if this is supplemented with the development of new FT-based CTL facilities, it is anticipated that additional synergy for hydrocarbon liquefaction should rise in the next eight years. CTL facilities in Mb/d range are expected to be limited to the leading coal-producing nations including U.S., India, China, Australia, South Africa, and Russia. Even if large quantities of Mb/d could be derived using CTL, this would only account for a small fraction of the global oil production and would barely offset the decline in the current oil production figures.

Indirect Coal Liquefaction (ICL) is the most used liquefaction technology. This process offers high value and clean burning fuels. Synthetic fuel produced from coal using this technology can be used in conventional engines without any modification and adds to an improved combustion with lower emissions. However, these fuels have lower fuel economy.

Access Research Report of Coal to Liquid (CTL) Market @ www.grandviewresearch.com/industry-analysis/coal-to-liquid-ctl-market

Further key findings from the study suggest:
  •  Increasing costs of crude oil or natural gas processing is projected to augment the demand for CTL process over the coming years
  • Technological advancements coupled with sustained growth in demand for liquid fuels for transportation are also driving the global Coal to Liquid (CTL) market
  • Diesel was the dominant product segment and was valued at USD 2.28 billion. It is anticipated to expand further at the maximum CAGR during the forecast years
  • Adverse impacts on the environment from large-scale CTL plants is a major restraining factor for the industry
  • Some of the dominant industry participants include China Shenhua Energy Co. Ltd.; Sasol Ltd.; TransGas Development Systems, LLC; Altona Energy PLC; and Envidity Energy, Inc.
Browse more reports of this category by Grand View Research at: www.grandviewresearch.com/industry/conventional-energy

Grand View Research has segmented the global Coal to Liquid (CTL) market on the basis of product, technology, and region:
CTL Product Outlook (Revenue, USD Million, 2014 - 2026)
  • Diesel
  • Gasoline
  • Others
CTL Technology Outlook (Revenue, USD Million, 2014 - 2026)
  • Direct Coal Liquefaction (DCL)
  • Indirect Coal Liquefaction (ICL)
CTL Regional Outlook (Revenue, USD Million, 2014 - 2026)
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Central & South America
Access Press Release of Coal to Liquid (CTL) Market @ www.grandviewresearch.com/press-release/global-coal-to-liquid-ctl-market

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com

Comments

Post a Comment

Popular posts from this blog

U.K. Point Of Sale Software Market To Expand Industry Growth At USD 1.05 Billion By 2028

Image
  San Francisco, 21 Jan 2022:   The Report  U.K. Point Of Sale Software Market  Size, Share & Trends Analysis Report By Application (Fixed POS, Mobile POS), By Deployment, By Organization Size, By End-user, And Segment Forecasts, 2021 - 2028 The global U.K. point of sale software market size is expected to reach USD 1.05 billion by 2028, expanding at a CAGR of 8.1% from 2021 to 2028, according to the new study conducted by Grand View Research, Inc. The integration of a Point-Of-Sale (POS) solution with capabilities such as sales reports monitoring, cash flow recording, product demand analysis, tracking delivery status, and inventory management ensure systematic functioning and upscaling of a business. The adoption of POS software is directly impacted by the demand for POS terminals, which is witnessing growth in demand due to changing lifestyles and government policies. However, the COVID-19 pandemic disrupted the industry's business, wherein ...
Read more

Gas Detection Equipment Market Anticipated To Expand At A CAGR 9.7% From 2021 To 2028

  San Francisco, 5 May 2021:   The Report  Gas Detection Equipment Market  Size, Share & Trends Analysis Report By Product, By Technology (Infrared, Catalytic, PID), By End-use, By Region, And Segment Forecasts, 2021 - 2028 The global gas detection equipment market size is expected to reach USD 8.38 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 9.7% from 2021 to 2028. The market growth can be attributed to the growing awareness among governments regarding the harmful effects of greenhouse gases, coupled with their increased efforts toward protecting the environment. Major industries such as petroleum, oil, and gas, among others are needed to comply with safety and environmental regulations which are also major factors driving the market growth. Many companies are focused on introducing drone-based gas detection equipment, which is expected to create new opportunities for market growth in...
Read more