FLAME 2020
Gas-to-Liquids Processes for Chemicals and Energy Production
Report Highlights
The value of products produced by gas-to-liquid (GTL), coal-to-liquid (CTL) and biomass to liquid processes was worth $8.4 billion in 2014. This is expected to grow from $8.6 billion in 2015 to $11.8 billion in 2020, with a compound annual growth rate (CAGR) of 6.5% from 2015 to 2020.
Report Includes
- An overview of the market for GTL processes for chemicals and energy production.
- Analyses of market trends, with data from 2014, estimates for 2015, and projections of CAGRs through 2020.
- Discussion on the use of GTL processes to produce ultraclean diesel fuels and high-quality chemical products such as waxes.
- An assessment of the role of GTL as an enabling technology for the production of clean transportation fuels.
- Quantification of the demand for GTL by type of output, application, and production technology.
- Analysis of the competition GTL-derived fuels face including low-grade and synthetic petroleum, compressed natural gas (CNG), CTL, biofuels, electric vehicles (EVs), and hydrogen.
Report Scope
An overall study of the GTL market was undertaken during the preparation of this report. All areas of the GTL market are addressed, including identification of current and future technologies, product types, market segments, and end markets. Legislation and government and regulatory agency involvement are analyzed. The producing companies are discussed in light of technological strengths and weaknesses, market shares, marketing strengths and innovative marketing practices.
This report, which is divided into seven sections, assesses and evaluates the demand and costs of GTL in the chemical and energy production markets. It begins with an overview that describes the importance of the GTL industry in relation to the overall U.S. economy, including a brief history and important indications for the GTL industry. Major products and applications are reviewed, and key findings from the study are presented.
Environmental and energy regulations as they apply to GTL are discussed. The structure of the GTL industry and competitive aspects are analyzed, including the driving forces of the industry. Key strategies for staying competitive and important shifts in the industry are assessed. GTL industry trade practices and the impact of GTL on the oil industry are covered.
GTL markets by product type are evaluated, including synfuels and chemicals. These are quantified with forecasts through 2020. Competing markets for gas are discussed, including liquefied natural gas (LNG) and natural gas liquid (NGL). GTL technology is presented by covering patents and markets and investments by technology type. These technology types include Shell Middle Distillate Synthesis (SMDS), Sasol Slurry Phase Distillate (SSPD), Exxon Mobil’s Advanced Gas Conversion for the 21st Century (AGC-21) and Syntroleum process (SP). International GTL aspects also are considered, and major overseas companies involved in GTL processes and their activities are assessed.
Analyst Credentials
Research analyst Kevin Gainer is the former managing editor of the BCC Research quarterly publication Energy Magazine. He holds both a Bachelor’s degree and a Master’s degree in quantitative economic analysis, and has 28 years of economics and market research experience, including nine years as an energy analyst at American Electric Power Corp. He is the author of five published books, as well as dozens of technical papers, analyses and studies published in conference proceedings and many unpublished within corporations. He has worked as research editor at BCC Research and has authored many BCC Research technology market research reports.
Report Highlights
The total market value of products produced using GTL (gas-to-liquids), CTL (Coal-to-liquids), and BTL (biomass-to-liquids) was $4.4 billion in 2010 and $4.5 billion in 2011. BCC projects this market will increase from $4.6 billion in 2012 to $6.8 billion by 2017, a CAGR of 8.1% over the five year period.
Report Highlights
- The global market for GTL products was worth $4.4 billion in 2008. This is expected to reach $5.9 billion by the end of 2009 and $12.0 billion in 2014, a compound annual growth rate (CAGR) of 15.3% from 2009 through 2014
- Coal-to-liquids products have the largest share of the market, worth $2.5 billion in 2008 and an estimated $3.0 billion in 2009. This should grow at a CAGR of 15.0% to reach $6.0 billion in 2014.
- GTL represent the second largest market segment, generating $1.8 billion in 2008. This is expected to reach $2.7 billion in 2009 and $5.0 billion in 2014, a CAGR of 13.0%.
Report Highlights
- Natural gas liquids (NGLs) also will show an increase in demand growth. Between 1999 and 2004, NGLs will show demand growth with an AAGR of 5.9% per year as gas processing improves.
- Fischer-Tropsch (F-T) gas-to-liquids (GTL) represent the largest demand base for GTLs. In 2004, this category will represent 94.2% of total GTL demand. In the next five years (1999-2004), F-T GTL fuels demand will grow at an AAGR of 5.7% per year under new environmental legislation for clean transportation fuels that became effective in January 2000.