Market Research Future published a research report on “Gas to Liquid (GTL) Market Research Report – Global Forecast till 2025” – Market Analysis, Scope, Stake, Progress, Trends and Forecast Report to 2025.
Gas to Liquid (GTL) 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 is anticipated to develop with a CAGR of 7.42% while earning revenues worth USD 16,374.5 million by the conclusion of the forecast period.
The upsurge in fossil fuel depletion has led to the development of the gas to liquid market globally. The market is anticipated to develop positively 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. The market’s growth is expected to be further motivated by the rise in industrial growth during the forecast period.
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The Gas to Liquid (GTL) 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.
The prominent competitors in the gas to liquid (GTL) market globally are Chevron Corporation (U.S.), Sasol Limited (South Africa), PetroSA (South Africa), Royal Dutch Shell Plc. (The Netherlands), OLTIN YO’L GTL (Uzbekistan), Velocys Plc. (U.K.), ORYX GTL (Qatar) and others.
- GTL diesel
- GTL naphtha
- Fuel oil
- lubricating oil
- process oil
- North America
Feb 2019 Total, a leading oil company has announced that its recent South African offshore discovery could comprise of one billion barrels of total resources, which will significantly boost this country’s oil and gas supplies. The company has declared that it has made a huge gas condensate discovery. This is seen as a key economic boost, which will help local fuel supplies. PetroSA says that the closeness of the discovery to Mossel Bay’s gas-to-liquid plant is also a key development.
Sep 2018 Extiel-Advantage Somerset which is a unique (GTL) gas-to-liquid plant that converts inexpensive natural gas into high-value, full-synthetic waxes, solvents, and base oil is expanding. The future plant will be a reduced version of a large-scale GTL plant design and will manufacture 250 barrels per day of ultra-clean waxes, synthetic fuel products, and industrial hydrogen. The Extiel-Advantage Somerset, the GTL (gas to liquid) plant will relocate in Somerset with some additional properties that the plant will need in the future.
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Detailed Regional Analysis
The regional analysis of the gas to liquid market comprises of regions such as South Africa, the U.S., Qatar, Nigeria, and Malaysia. Qatar is responsible for the principal market portion of 64.06% in 2016, and a market worth of USD 235.7 million. Presently, two GTL plants are operating in Qatar. The South African nation was the next largest market for the gas-to-liquid market. It was responsible for a considerable portion of 16.57% in the global market, in 2016.
Global Gas to Liquid (GTL) market Following Details Segment by Table of Contents:
- Gas to Liquid (GTL) market Overview
- Manufacturers Profiles
- Gas to Liquid (GTL) market Competition, by Players
- Gas to Liquid (GTL) market Size by Regions
- North America Gas to Liquid (GTL) Revenue by Countries
- Europe Gas to Liquid (GTL) Revenue by Countries
- Asia-Pacific Gas to Liquid (GTL) Revenue by Countries
- South America Gas to Liquid (GTL) Revenue by Countries
- Middle East and Africa Revenue Gas to Liquid (GTL) by Countries
- Gas to Liquid (GTL) market Segment by Type
- Gas to Liquid (GTL) market Segment by Application
- Gas to Liquid (GTL) market Size Forecast to 2025
- Sales Channel, Distributors, Traders and Dealers
- Research Findings and Conclusion
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