San Francisco, 25 March, 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 coalto liquid 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 Full Research
Report On Coal to Liquid (CTL) Market Analysis:
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.
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Grand View Research At: https://www.grandviewresearch.com/industry/healthcare-it
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
o
U.S.
·
Europe
·
Asia Pacific
o
China
·
Middle East & Africa
o
South Africa
·
Central & South America
Access Full Press Release of this Report: https://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.
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