(PRWEB) October 23, 2013
The report “Syngas Market & Derivatives (Methanol, Ammonia, Hydrogen, Oxo Chemicals, N-Butanol, DME) Market, by End Use Application, Feedstock, Technology & Gasifier Type - Global Trends & Forecast to 2018” defines and segments the syngas and its derivatives market with analysis and forecasting of the syngas and its derivatives consumption. The syngas consumption for various end usage will grow to 117,400 MW thermal by 2018, with a high CAGR from 2013 to 2018.
Browse 156 market data tables and 86 figures spread through 384 pages and in-depth TOC on “Syngas Market & Derivatives (Methanol, Ammonia, Hydrogen, Oxo Chemicals, N-Butanol, DME) Market - Global Trends & Forecast to 2018”.
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The syngas and derivatives market is mainly driven by high demand for fuels, chemicals, and electricity. Other factors which are driving the market are polygeneration, and feedstock flexibility. Polygeneration enables the process to simultaneously produce chemicals and fuels along with power generation, whereas, feedstock flexibility allows the production from a variety of sources increasing the commercial viability of syngas.
Lack of funds and high capital requirements have proven to be a major restraint for the market. The time required for building a plant from initial design phase to final completion phase is considerably high, which results in the overshooting of the budget. However, the focus towards advanced technology and reducing dependency on crude oil continues to strengthen the market. The other market opportunities include utilization of stranded gas reserves for a GTL (gas to liquid) plant which in
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