Gas-To-Liquids Processes for Chemicals and Energy

April 18, 2012

Wellesley, Mass. – According to a new technical market research report, GAS-TO-LIQUIDS PROCESSES FOR CHEMICALS AND ENERGY PRODUCTION (EGY021C) from BCC Research (www.bccresearch.com), the global market for products made using GTL (gas-to-liquids), BTL (biomass-to-liquid) and CTL (coal-to-liquids) processes was valued at $4.5 billion in 2011, is expected to total $4.6 billion in 2012, and is projected to increase to $6.8 billion in 2017, a five-year compound annual growth rate (CAGR) of 8.1%.

CTL processes should account for $2.6 billion in 2012 and the segment is expected to increase at a CAGR of 9% to reach $4 billion in 2017.

GTL processes should account for $1.9 billion in 2012 and that segment is expected to increase at a CAGR of 7.3% to reach $2.7 billion in 2017.

BTL processes will account for less than $100 million in 2012, but by 2017, the segment should account for more than that, increasing at a CAGR of 4%.

The World Bank estimates that more than 150 billion cubic meters of natural gas are flared or vented annually, an amount worth approximately $30 billion, which is equivalent to one-quarter of the U.S. annual gas consumption. All of this wasted resource is potentially available to gas-to-liquids processing.

A driving factor, natural gas use in the transportation sector is likely to increase and the primary benefit is reduced oil dependence. Compressed natural gas (CNG) will play a role, particularly for high-mileage fleets, but the advantages of liquid fuel in transportation suggest that the chemical conversion of gas, via gas-to-liquids, into some form of liquid fuel may be the best pathway to significant market penetration.

With its broad scope and in-depth analyses, this study will prove to be a valuable resource, particularly for anyone involved with or interested in the synthetic transportation fuels market. It will be particularly useful for researchers; laboratory and government personnel working in research or company settings; as well as business professionals, such as marketing managers, strategic planners, forecasters, and new product and business developers, who are involved with most aspects of the liquids fuels industry.

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Gas-to-Liquids Processes for Chemicals and Energy Production( EGY021C )
Publish Date: Apr 2012    

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