Gas To Liquid Market is segmented by Product (GTL Diesel, and GTL Naphtha), by Application (Fuel Oil, Lubricating Oil, Process Oil, and Others) and by Region – Global Industry Forecast To 2022.
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Gas to Liquid (GTL) Market to rise at 7.42% growth rate and reach USD 16,374.5 million market value during 2019 and 2023 due to the escalated use of fuel oil in boilers and other equipment for producing heat and energy. The stringent carbon emission targets instated globally are expected to add to the development of the gas to liquid market in the forecast period, according to Global Gas to Liquid Market 2019 – GTL Industry Report published by “Market Research Future”.
Key Players Profiled in the latest report by Market Research Future include:
The key players of global gas to liquid (GTL) market are Royal Dutch Shell plc. (The Netherlands), Chevron Corporation (U.S.), Sasol Limited (South Africa), PetroSA (South Africa), Velocys Plc. (U.K.), ORYX GTL (Qatar), OLTIN YO’L GTL (Uzbekistan) and others.
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Gas to Liquid Market Overview:
The escalating energy demands globally have motivated the demand for gas to liquid sources to a great extent. Market reports linked to the energy and power industry have been offered by Market Research Future which makes reports on other industry verticals that aims to study the current market scenarios better. The market growth is expected to be further motivated by the rise in industrial growth during the forecast period.
The market competitors find themselves in a promising position with the capacity to handle the pace of change. The contestants are dynamically addressing the challenges to growth and are creating strategies that can have the best overall effect on the market’s development. The competitive outlook for the market is projected to diversify extensively in the coming period. The developments in the market are likely to be fuelled by the rise in investments and product inventions. The market influencers are taking an interest in the making of strong value chains that can yield increased profits. The prospects for growth in the market have ample room for growth in the forecast period. The perceived propensity for the market’s growth has improved following the accessibility to positive aspects in the market.
Segmental Analysis:
Based on product, Gas to liquid (GTL) market has been divided as GTL diesel, and GTL naphtha. GTL diesel accounted for the largest market share of 72.84% in 2016, with a market value of USD 198.0 million. Gas to liquid diesel is superior than conventional refinery diesel produced from crude oil, in quality. Gas-to-liquids (GTL) diesel fuels produced by the Fischer-Tropsch process, typically, have very high cetane number and zero sulfur content, and can provide reductions in particulate and NOx emissions. The low-emission premium grade fuel can either be used pure or in blends with traditional diesel. GTL Naphtha was the second-largest market in 2016, valued at USD 73.8 Million. GTL Naphtha is an alternative high-quality feedstock for chemical manufacturing that makes the building blocks for plastics. It offers superior yields of ethylene and propylene over conventional naphtha. As a synthetic product, GTL Naphtha has a consistent quality and contains no sulphur and heavy metals, which makes it cleaner. It is also more paraffinic than light high paraffinic naphtha while giving better lower olefins yields.
Based on application, the market has been divided as Fuel Oil, Lubricating Oil, Process Oil, and Others. Fuel Oil accounted for the largest market share of 36.2% in 2016, with a market value of USD 98.4 Million. Fuel oil is the advanced heavy fuel oil used in boilers and other equipment for generating heat and energy in manufacturing operations and processes. It helps improve the reliability and the performance of the entire boiler system, from the storage tank right to the chimney. Lubricating Oil was the second-largest market, in 2016, valued at USD 81.2 Million. GTL lubricants, come with essentially zero sulfur and nitrogen, excellent oxidation stability and low viscosity, even at low temperatures. Process oil is another major application of the market and is projected to grow at a CAGR of 7.00% during the forecast period. GTL process oils are used in a wide variety of chemical and technical industries, either as raw material component or as an aid to processing. GTL Process Oils have a water-white colour as well as they offer a uniform chemical structure, a high flash point and low volatility, and an outstanding light and thermal stability.
Detailed Regional Analysis:
On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World.
On the basis of region, GTL market has been segmented as the U.S., Qatar, South Africa, Nigeria, and Malaysia. Qatar accounted for the largest market share of 64.06% in 2016, with a market value of USD 235.7 Million. Currently, two GTL plants operate in Qatar. One of the plants is in Ras Laffan Industrial City, operated by Oryx, a joint venture between Qatar Petroleum (51 percent) and Sasol of South Africa (49 percent). This plant has the capacity to produce 34,000 barrels per day of liquids (24,000 barrels of GTL diesel, 9,000 barrels of naphtha and 1,000 barrels of liquefied petroleum gas). The second plant is also in the same city, operated by Qatar Petroleum and Shell.
South-Africa was the second largest market for the gas-to-liquid. It accounted for a share of 16.57% in the global market, in 2016. In Mossel Bay town, South Africa, PetroSA, operates the GTL plant. It produces 45,000 barrels per day, which includes diesel, gasoline, kerosene and specialty products.
TABLE OF CONTENTS:
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 RESEARCH OBJECTIVES
2.2.2 ASSUMPTIONS & LIMITATIONS
2.3 MARKETS STRUCTURE
3 MARKET RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 SECONDARY RESEARCH
3.3 PRIMARY RESEARCH
3.4 FORECAST MODEL
4 MARKET LANDSCAPE
4.1 FIVE FORCES ANALYSIS
4.1.1 THREAT OF NEW ENTRANTS
4.1.2 BARGAINING POWER OF BUYERS
4.1.3 BARGAINING POWER OF SUPPLIERS
4.1.4 THREAT OF SUBSTITUTES
4.1.5 SEGMENT RIVALRY
4.2 VALUE CHAIN/SUPPLY CHAIN OF GLOBAL GAS TO LIQUID MARKET
5 INUSTRY OVERVIEW OF GLOBAL GAS TO LIQUID MARKET
5.1 INTRODUCTION
5.2 GROWTH DRIVERS
5.3 IMPACT ANALYSIS
5.4 MARKET CHALLENGES
Continued…
LIST OF TABLES:
TABLE 1 GLOBAL GAS TO LIQUID MARKET: BY REGION, 2017-2023
TABLE 2 NORTH AMERICA GAS TO LIQUID MARKET: BY COUNTRY, 2017-2023
TABLE 3 EUROPE GAS TO LIQUID MARKET: BY COUNTRY, 2017-2023
TABLE 4 ASIA PACIFIC GAS TO LIQUID MARKET: BY COUNTRY, 2017-2023
TABLE 5 MIDDLE EAST & AFRICA GAS TO LIQUID MARKET: BY COUNTRY, 2017-2023
TABLE 6 LATIN AMERICA GAS TO LIQUID MARKET: BY COUNTRY, 2017-2023
Continued…
LIST OF FIGURES:
FIGURE 1 GLOBAL GAS TO LIQUID MARKET SEGMENTATION
FIGURE 2 FORECAST METHODOLOGY
FIGURE 3 FIVE FORCES ANALYSIS OF GLOBAL GAS TO LIQUID MARKET
FIGURE 4 VALUE CHAIN OF GLOBAL GAS TO LIQUID MARKET
FIGURE 5 SHARE OF GLOBAL GAS TO LIQUID MARKET IN 2017, BY COUNTRY (IN %)
FIGURE 6 GLOBAL GAS TO LIQUID MARKET, 2017-2023,
Continued…
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