Global Gas-to-Liquid Fuels Market Size study, by Product Type, By Plant Type, By Technology, and Regional Forecasts 2022-2032

Description

List of Tables

Global Gas-to-Liquid Fuels Market is valued at approximately USD 6.48 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 3.70% over the forecast period 2024-2032. Gas-to-liquid (GTL) fuels are synthetic fuels made by converting natural gas or gaseous hydrocarbons into liquids like diesel and gasoline through Fischer-Tropsch synthesis. This process involves gasification to create a synthesis gas (syngas), followed by catalytic reactions to form longer-chain hydrocarbons. GTL fuels burn cleaner, use stranded natural gas reserves, and offer high-quality fuel for existing infrastructure. The growing emphasis on cleaner energy solutions is a key trend for the Global Gas-to-Liquid Fuels Market. There is a rising shift toward fuels with fewer emissions, including GTL fuels, as concerns about climate change and its effects on the environment grow. Regulations aiming to lessen carbon footprints and raising consumer and industry awareness of the advantages of cleaner-burning fuels are the main drivers of this trend. Furthermore, technical developments in GTL processes are expanding the market's potential and elevating GTL fuels' appeal as a sustainable substitute for conventional fossil fuels by raising productivity and lowering production costs.

The market for gas-to-liquid (GTL) fuels has surged due to rising advancements in technology and a global shift towards cleaner energy sources. This growth is fueled by the need for cleaner alternatives amidst rising carbon emissions, where GTL fuels stand out for their lower emissions compared to traditional fuels in transportation and power generation. Their versatility in existing infrastructure without major modifications further boosts their appeal across sectors like transportation and industry. In addition, there is surge in demand for cleaner alternatives to traditional fossil fuels as the world combat with climate change and environmental sustainability concerns. GTL fuels are gaining high traction in sectors like transportation and power generation owing to their lower emissions compared to conventional crude oil-derived fuels, which are further presenting various growth prospects to the Global Gas-to-Liquid Fuels Market during the estimated period. However, fluctuations in the price of gases and rising competition with other alternative fuels are expected to stifle Global Gas-to-Liquid Fuels Market growth between 2022 and 2032.

The key regions considered for the global Gas-to-Liquid Fuels Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2023, Rest of the World dominates the Gas-to-Liquid Fuels Market share. On the other hand, the Asia Pacific gas to liquid market is also expected to be stimulated by rising energy consumption as well as a flourishing growth of the transportation industry with a growing number of passengers and utility cars. In addition, government measures to build new infrastructure and increase manufacturing capacity are likely to increase demand for various fuels in order to meet the region's power requirements.

Major market player included in this report are:

Velocys plc
Oryx GTL
Primus Green Energy Inc.
CompactGTL
Shell Plc.
PetroSA
Gazprom International Limited
PetroChina Company Limited
Sasol Limited
Chevron Corporation

The detailed segments and sub-segment of the market are explained below:

By Product Type

GTL Diesel
GTL Kerosene
GTL Gasoline
GTL Lubricant
GTL Naphtha
Others

By Plant Type

Small-Scale
Large-Scale

By Technology

Methanol Synthesis
Fischer-Tropsch

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Gas-to-Liquid Fuels Market Definition and Research Assumptions

1.1. Research Objective
1.2. Market Definition
1.3. Research Assumptions
- 1.3.1. Inclusion & Exclusion
- 1.3.2. Limitations
- 1.3.3. Supply Side Analysis
  - 1.3.3.1. Availability
  - 1.3.3.2. Infrastructure
  - 1.3.3.3. Regulatory Environment
  - 1.3.3.4. Market Competition
  - 1.3.3.5. Economic Viability (Consumer's Perspective)
- 1.3.4. Demand Side Analysis
  - 1.3.4.1. Regulatory frameworks
  - 1.3.4.2. Technological Advancements
  - 1.3.4.3. Environmental Considerations
  - 1.3.4.4. Consumer Awareness & Acceptance
1.4. Estimation Methodology
1.5. Years Considered for the Study
1.6. Currency Conversion Rates

Chapter 2. Executive Summary

2.1. Global Gas-to-Liquid Fuels Market Size & Forecast (2022- 2032)
2.2. Regional Summary
2.3. Segmental Summary
- 2.3.1. By Product Type
- 2.3.2. By Plant Type
- 2.3.3. By Technology
2.4. Key Trends
2.5. Recession Impact
2.6. Analyst Recommendation & Conclusion

Chapter 3. Global Gas-to-Liquid Fuels Market Dynamics

3.1. Market Drivers
3.2. Market Challenges
3.3. Market Opportunities

Chapter 4. Global Gas-to-Liquid Fuels Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Gas-to-Liquid Fuels Market Size & Forecasts by Product Type 2022-2032

5.1. GTL Diesel
5.2. GTL Kerosene
5.3. GTL Gasoline
5.4. GTL Lubricant
5.5. GTL Naphtha
5.6. Others

Chapter 6. Global Gas-to-Liquid Fuels Market Size & Forecasts by Plant Type 2022-2032

6.1. Small-Scale
6.2. Large-Scale

Chapter 7. Global Gas-to-Liquid Fuels Market Size & Forecasts by Technology 2022-2032

7.1. Methanol Synthesis
7.2. Fischer-Tropsch

Chapter 8. Global Gas-to-Liquid Fuels Market Size & Forecasts by Region 2022-2032

8.1. North America Gas-to-Liquid Fuels Market
- 8.1.1. U.S. Gas-to-Liquid Fuels Market
  - 8.1.1.1. Product Type breakdown size & forecasts, 2022-2032
  - 8.1.1.2. Plant Type breakdown size & forecasts, 2022-2032
  - 8.1.1.3. Technology breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Gas-to-Liquid Fuels Market
8.2. Europe Gas-to-Liquid Fuels Market
- 8.2.1. U.K. Gas-to-Liquid Fuels Market
- 8.2.2. Germany Gas-to-Liquid Fuels Market
- 8.2.3. France Gas-to-Liquid Fuels Market
- 8.2.4. Spain Gas-to-Liquid Fuels Market
- 8.2.5. Italy Gas-to-Liquid Fuels Market
- 8.2.6. Rest of Europe Gas-to-Liquid Fuels Market
8.3. Asia-Pacific Gas-to-Liquid Fuels Market
- 8.3.1. China Gas-to-Liquid Fuels Market
- 8.3.2. India Gas-to-Liquid Fuels Market
- 8.3.3. Japan Gas-to-Liquid Fuels Market
- 8.3.4. Australia Gas-to-Liquid Fuels Market
- 8.3.5. South Korea Gas-to-Liquid Fuels Market
- 8.3.6. Rest of Asia Pacific Gas-to-Liquid Fuels Market
8.4. Latin America Gas-to-Liquid Fuels Market
- 8.4.1. Brazil Gas-to-Liquid Fuels Market
- 8.4.2. Mexico Gas-to-Liquid Fuels Market
- 8.4.3. Rest of Latin America Gas-to-Liquid Fuels Market
8.5. Middle East & Africa Gas-to-Liquid Fuels Market
- 8.5.1. Saudi Arabia Gas-to-Liquid Fuels Market
- 8.5.2. South Africa Gas-to-Liquid Fuels Market
- 8.5.3. Rest of Middle East & Africa Gas-to-Liquid Fuels Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Velocys plc
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Oryx GTL
- 9.3.3. Primus Green Energy Inc.
- 9.3.4. CompactGTL
- 9.3.5. Shell Plc.
- 9.3.6. PetroSA
- 9.3.7. Gazprom International Limited
- 9.3.8. PetroChina Company Limited
- 9.3.9. Sasol Limited
- 9.3.10. Chevron Corporation

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Gas-to-Liquid Fuels Market, report scope
TABLE 2. Global Gas-to-Liquid Fuels Market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Gas-to-Liquid Fuels Market estimates & forecasts by Product Type 2022-2032 (USD Billion)
TABLE 4. Global Gas-to-Liquid Fuels Market estimates & forecasts by Plant Type 2022-2032 (USD Billion)
TABLE 5. Global Gas-to-Liquid Fuels Market estimates & forecasts by Technology 2022-2032 (USD Billion)
TABLE 6. Global Gas-to-Liquid Fuels Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Global Gas-to-Liquid Fuels Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Gas-to-Liquid Fuels Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Gas-to-Liquid Fuels Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Gas-to-Liquid Fuels Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Gas-to-Liquid Fuels Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Gas-to-Liquid Fuels Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Gas-to-Liquid Fuels Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Gas-to-Liquid Fuels Market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. Global Gas-to-Liquid Fuels Market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. Gas-to-Liquid Fuels Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 17. U.S. Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. U.S. Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 19. Canada Gas-to-Liquid Fuels Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 20. Canada Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 21. Canada Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 22. UK Gas-to-Liquid Fuels Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 23. UK Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 24. UK Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 25. Germany Gas-to-Liquid Fuels Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 26. Germany Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 27. Germany Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 28. France Gas-to-Liquid Fuels Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 29. France Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 30. France Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 31. Italy Gas-to-Liquid Fuels Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 32. Italy Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 33. Italy Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 34. Spain Gas-to-Liquid Fuels Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 35. Spain Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 36. Spain Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 37. RoE Gas-to-Liquid Fuels Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 38. RoE Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 39. RoE Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 40. China Gas-to-Liquid Fuels Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 41. China Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 42. China Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 43. India Gas-to-Liquid Fuels Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 44. India Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 45. India Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 46. Japan Gas-to-Liquid Fuels Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 47. Japan Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 48. Japan Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 49. Australia Gas-to-Liquid Fuels Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 50. Australia Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 51. Australia Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 52. South Korea Gas-to-Liquid Fuels Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 53. South Korea Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 54. South Korea Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 55.
TABLE 56. RoAPAC Gas-to-Liquid Fuels Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 57. RoAPAC Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 58. RoAPAC Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 59. Brazil Gas-to-Liquid Fuels Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 60. Brazil Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 61. Brazil Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 62. Mexico Gas-to-Liquid Fuels Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 63. Mexico Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 64. Mexico Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 65. RoLA Gas-to-Liquid Fuels Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 66. RoLA Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 67. RoLA Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 68. Saudi Arabia Gas-to-Liquid Fuels Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 69. Saudi Arabia Gas-to-Liquid Fuels Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 70. Saudi Arabia Gas-to-Liquid Fuels Market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 71. South Africa Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 72.
TABLE 73. South Africa Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 74. South Africa Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 75. RoMEA Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 76. RoMEA Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 77. RoMEA Gas-to-Liquid Fuels Market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 78. List of secondary sources, used in the study of Global Gas-to-Liquid Fuels Market.
TABLE 79. List of primary sources, used in the study of Global Gas-to-Liquid Fuels Market.
TABLE 80. Years considered for the study.
TABLE 81. Exchange rates considered.

LIST OF FIGURES

FIG 1. Global Gas-to-Liquid Fuels Market, research methodology
FIG 2. Global Gas-to-Liquid Fuels Market, market estimation techniques
FIG 3. Global market size estimates & forecast methods.
FIG 4. Global Gas-to-Liquid Fuels Market, key trends 2023
FIG 5. Global Gas-to-Liquid Fuels Market, growth prospects 2022-2032
FIG 6. Global Gas-to-Liquid Fuels Market, porters 5 force model
FIG 7. Global Gas-to-Liquid Fuels Market, pestel analysis
FIG 8. Global Gas-to-Liquid Fuels Market, value chain analysis
FIG 9. Global Gas-to-Liquid Fuels Market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global Gas-to-Liquid Fuels Market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global Gas-to-Liquid Fuels Market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global Gas-to-Liquid Fuels Market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global Gas-to-Liquid Fuels Market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global Gas-to-Liquid Fuels Market, regional snapshot 2022 & 2032
FIG 15. North America Gas-to-Liquid Fuels Market 2022 & 2032 (USD Billion)
FIG 16. Europe Gas-to-Liquid Fuels Market 2022 & 2032 (USD Billion)
FIG 17. Asia pacific Gas-to-Liquid Fuels Market 2022 & 2032 (USD Billion)
FIG 18. Latin America Gas-to-Liquid Fuels Market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa Gas-to-Liquid Fuels Market 2022 & 2032 (USD Billion)
FIG 20. Global Gas-to-Liquid Fuels Market, company market share analysis (2023)