The global new coal to liquid (CTL) market size is expected to increase by USD 786.36 million between 2021 and 2026. Technavio anticipates the market to witness a YOY growth of 3.23% in 2022 and expand at a CAGR of 4.08% over the forecast period. The report offers an accurate analysis of the market size, current and future market scenarios, and YOY growth rates through 2026.
The abundant availability of coal, increase in demand for clean fuel, and increasing global liquid fuel consumption is driving the growth of the market. However, the growing demand for petrochemicals feedstock, the rapid growth in the transportation sector and technological developments will be restricting the growth of the market.
Coal to Liquid (CTL) Market: Segment Highlights
By product, the market is analyzed across segments such as liquid fuels and chemicals. The liquid fuels segment has the largest share of the market.The segment is driven by the increasing demand for transportation fuel.Also, the environmental benefits of using CTL-derived liquid fuels and the development of facilities to produce diesel using the CTL technology are contributing to the growth of the segment.The market growth in the segment will be significant during the forecast period.
Regional Analysis
73% of the growth will originate from the APAC region.The increasing demand for gasoline coupled with the growth of the construction industry is driving the growth of the regional market.China, Australia, and Indonesia are the key markets for coal to liquid (CTL) in APAC.However, a faster growth is expected in regions such as North America, Europe, and South America.Countries such as the US and South Africa will also emerge as the major markets for coal to liquid (CTL) during the forecast period.
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Notes:
The coal to liquid (CTL) market size is expected to accelerate at a CAGR of 4.08% during the forecast period.The coal to liquid (CTL) market is segmented by product (liquid fuels and chemicals) and geographic (APAC, Middle East and Africa, North America, Europe, and South America).The market is fragmented due to the presence of many established vendors holding significant market share.The market is characterized by the presence of several CTL plant owners and operators as well as CTL technology providers. Vendors have been offering advanced technologies to ensure the creation of CTL products to be used as clean fuels.The research report offers information on several market vendors, including Air Products and Chemicals Inc., Altona Rare Earths Plc, PT. Bakrie Global Ventura, Celanese Corp., Chevron Corp., DKRW Energy Partners LLC, Envidity Energy Inc., INNER MONGOLIA YITAI COAL CO. LTD., Linc Energy Systems, Pall Corp., Qatargas Operating Co. Ltd., Regius Synfuels, Sasol Ltd., Shell plc, China Shenhua Energy Co. Ltd., TransGas Development Systems, and Yankuang Group.
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Coal To Liquid (CTL) Market Scope
Report Coverage
Details
Page number
120
Base year
2021
Forecast period
2022-2026
Growth momentum & CAGR
Accelerate at a CAGR of 4.08%
Market growth 2022-2026
USD 786.36 million
Market structure
Fragmented
YoY growth (%)
3.23
Regional analysis
APAC, Middle East and Africa, North America, Europe, and South America
Performing market contribution
APAC at 73%
Key consumer countries
US, South Africa, China, Australia, and Indonesia
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
Air Products and Chemicals Inc., Altona Rare Earths Plc, PT. Bakrie Global Ventura, Celanese Corp., Chevron Corp., DKRW Energy Partners LLC, Envidity Energy Inc., INNER MONGOLIA YITAI COAL CO. LTD., Linc Energy Systems, Pall Corp., Qatargas Operating Co. Ltd., Regius Synfuels, Sasol Ltd., Shell plc, China Shenhua Energy Co. Ltd., TransGas Development Systems, and Yankuang Group
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period.
Customization purview
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Table of Contents:
1 Executive Summary
1.1 Market overviewExhibit 01: Executive Summary – Chart on Market OverviewExhibit 02: Executive Summary – Data Table on Market OverviewExhibit 03: Executive Summary – Chart on Global Market CharacteristicsExhibit 04: Executive Summary – Chart on Market by GeographyExhibit 05: Executive Summary – Chart on Market Segmentation by ProductExhibit 06: Executive Summary – Chart on Incremental GrowthExhibit 07: Executive Summary – Data Table on Incremental GrowthExhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystemExhibit 09: Parent marketExhibit 10: Market Characteristics
3 Market Sizing
3.1 Market definitionExhibit 11: Offerings of vendors included in the market definition3.2 Market segment analysisExhibit 12: Market segments3.3 Market size 20213.4 Market outlook: Forecast for 2021-2026Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
4.1 Five forces summaryExhibit 17: Five forces analysis – Comparison between 2021 and 20264.2 Bargaining power of buyersExhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 20264.3 Bargaining power of suppliersExhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 20264.4 Threat of new entrantsExhibit 20: Threat of new entrants – Impact of key factors in 2021 and 20264.5 Threat of substitutesExhibit 21: Threat of substitutes – Impact of key factors in 2021 and 20264.6 Threat of rivalryExhibit 22: Threat of rivalry – Impact of key factors in 2021 and 20264.7 Market conditionExhibit 23: Chart on Market condition – Five forces 2021 and 2026
5 Market Segmentation by Product
5.1 Market segmentsExhibit 24: Chart on Product – Market share 2021-2026 (%)Exhibit 25: Data Table on Product – Market share 2021-2026 (%)5.2 Comparison by ProductExhibit 26: Chart on Comparison by ProductExhibit 27: Data Table on Comparison by Product5.3 Liquid fuels – Market size and forecast 2021-2026Exhibit 28: Chart on Liquid fuels – Market size and forecast 2021-2026 ($ million)Exhibit 29: Data Table on Liquid fuels – Market size and forecast 2021-2026 ($ million)Exhibit 30: Chart on Liquid fuels – Year-over-year growth 2021-2026 (%)Exhibit 31: Data Table on Liquid fuels – Year-over-year growth 2021-2026 (%)5.4 Chemicals – Market size and forecast 2021-2026Exhibit 32: Chart on Chemicals – Market size and forecast 2021-2026 ($ million)Exhibit 33: Data Table on Chemicals – Market size and forecast 2021-2026 ($ million)Exhibit 34: Chart on Chemicals – Year-over-year growth 2021-2026 (%)Exhibit 35: Data Table on Chemicals – Year-over-year growth 2021-2026 (%)5.5 Market opportunity by ProductExhibit 36: Market opportunity by Product ($ million)
6 Customer Landscape
6.1 Customer landscape overviewExhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
7.1 Geographic segmentationExhibit 38: Chart on Market share by geography 2021-2026 (%)Exhibit 39: Data Table on Market share by geography 2021-2026 (%)7.2 Geographic comparisonExhibit 40: Chart on Geographic comparisonExhibit 41: Data Table on Geographic comparison7.3 APAC – Market size and forecast 2021-2026Exhibit 42: Chart on APAC – Market size and forecast 2021-2026 ($ million)Exhibit 43: Data Table on APAC – Market size and forecast 2021-2026 ($ million)Exhibit 44: Chart on APAC – Year-over-year growth 2021-2026 (%)Exhibit 45: Data Table on APAC – Year-over-year growth 2021-2026 (%)7.4 Middle East and Africa – Market size and forecast 2021-2026Exhibit 46: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)Exhibit 47: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)Exhibit 48: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)Exhibit 49: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)7.5 North America – Market size and forecast 2021-2026Exhibit 50: Chart on North America – Market size and forecast 2021-2026 ($ million)Exhibit 51: Data Table on North America – Market size and forecast 2021-2026 ($ million)Exhibit 52: Chart on North America – Year-over-year growth 2021-2026 (%)Exhibit 53: Data Table on North America – Year-over-year growth 2021-2026 (%)7.6 Europe – Market size and forecast 2021-2026Exhibit 54: Chart on Europe – Market size and forecast 2021-2026 ($ million)Exhibit 55: Data Table on Europe – Market size and forecast 2021-2026 ($ million)Exhibit 56: Chart on Europe – Year-over-year growth 2021-2026 (%)Exhibit 57: Data Table on Europe – Year-over-year growth 2021-2026 (%)7.7 South America – Market size and forecast 2021-2026Exhibit 58: Chart on South America – Market size and forecast 2021-2026 ($ million)Exhibit 59: Data Table on South America – Market size and forecast 2021-2026 ($ million)Exhibit 60: Chart on South America – Year-over-year growth 2021-2026 (%)Exhibit 61: Data Table on South America – Year-over-year growth 2021-2026 (%)7.8 China – Market size and forecast 2021-2026Exhibit 62: Chart on China – Market size and forecast 2021-2026 ($ million)Exhibit 63: Data Table on China – Market size and forecast 2021-2026 ($ million)Exhibit 64: Chart on China – Year-over-year growth 2021-2026 (%)Exhibit 65: Data Table on China – Year-over-year growth 2021-2026 (%)7.9 South Africa – Market size and forecast 2021-2026Exhibit 66: Chart on South Africa – Market size and forecast 2021-2026 ($ million)Exhibit 67: Data Table on South Africa – Market size and forecast 2021-2026 ($ million)Exhibit 68: Chart on South Africa – Year-over-year growth 2021-2026 (%)Exhibit 69: Data Table on South Africa – Year-over-year growth 2021-2026 (%)7.10 Australia – Market size and forecast 2021-2026Exhibit 70: Chart on Australia – Market size and forecast 2021-2026 ($ million)Exhibit 71: Data Table on Australia – Market size and forecast 2021-2026 ($ million)Exhibit 72: Chart on Australia – Year-over-year growth 2021-2026 (%)Exhibit 73: Data Table on Australia – Year-over-year growth 2021-2026 (%)7.11 US – Market size and forecast 2021-2026Exhibit 74: Chart on US – Market size and forecast 2021-2026 ($ million)Exhibit 75: Data Table on US – Market size and forecast 2021-2026 ($ million)Exhibit 76: Chart on US – Year-over-year growth 2021-2026 (%)Exhibit 77: Data Table on US – Year-over-year growth 2021-2026 (%)7.12 Indonesia – Market size and forecast 2021-2026Exhibit 78: Chart on Indonesia – Market size and forecast 2021-2026 ($ million)Exhibit 79: Data Table on Indonesia – Market size and forecast 2021-2026 ($ million)Exhibit 80: Chart on Indonesia – Year-over-year growth 2021-2026 (%)Exhibit 81: Data Table on Indonesia – Year-over-year growth 2021-2026 (%)7.13 Market opportunity by geographyExhibit 82: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
8.1 Market drivers8.2 Market challenges8.3 Impact of drivers and challengesExhibit 83: Impact of drivers and challenges in 2021 and 20268.4 Market trends
9 Vendor Landscape
9.1 Overview9.2 Vendor landscapeExhibit 84: Overview on Criticality of inputs and Factors of differentiation9.3 Landscape disruptionExhibit 85: Overview on factors of disruption9.4 Industry risksExhibit 86: Impact of key risks on business
10 Vendor Analysis
10.1 Vendors coveredExhibit 87: Vendors covered10.2 Market positioning of vendorsExhibit 88: Matrix on vendor position and classification10.3 Celanese Corp.Exhibit 89: Celanese Corp. – OverviewExhibit 90: Celanese Corp. – Business segmentsExhibit 91: Celanese Corp. – Key newsExhibit 92: Celanese Corp. – Key offeringsExhibit 93: Celanese Corp. – Segment focus10.4 Chevron Corp.Exhibit 94: Chevron Corp. – OverviewExhibit 95: Chevron Corp. – Business segmentsExhibit 96: Chevron Corp. – Key newsExhibit 97: Chevron Corp. – Key offeringsExhibit 98: Chevron Corp. – Segment focus10.5 China Shenhua Energy Co. Ltd.Exhibit 99: China Shenhua Energy Co. Ltd. – OverviewExhibit 100: China Shenhua Energy Co. Ltd. – Business segmentsExhibit 101: China Shenhua Energy Co. Ltd. – Key offeringsExhibit 102: China Shenhua Energy Co. Ltd. – Segment focus10.6 Envidity Energy Inc.Exhibit 103: Envidity Energy Inc. – OverviewExhibit 104: Envidity Energy Inc. – Product / ServiceExhibit 105: Envidity Energy Inc. – Key offerings10.7 INNER MONGOLIA YITAI COAL CO. LTD.Exhibit 106: INNER MONGOLIA YITAI COAL CO. LTD. – OverviewExhibit 107: INNER MONGOLIA YITAI COAL CO. LTD. – Business segmentsExhibit 108: INNER MONGOLIA YITAI COAL CO. LTD. – Key offering exhibits 109: INNER MONGOLIA YITAI COAL CO. LTD. – Segment focus10.8 Linc Energy SystemsExhibit 110: Linc Energy Systems – OverviewExhibit 111: Linc Energy Systems – Product / ServiceExhibit 112: Linc Energy Systems – Key offerings10.9 Pall Corp.Exhibit 113: Pall Corp. – OverviewExhibit 114: Pall Corp. – Key offerings10.10 Qatargas Operating Co. Ltd.Exhibit 115: Qatargas Operating Co. Ltd. – OverviewExhibit 116: Qatargas Operating Co. Ltd. – Product / ServiceExhibit 117: Qatargas Operating Co. Ltd. – Key offerings10.11 Regius SynfuelsExhibit 118: Regius Synfuels – OverviewExhibit 119: Regius Synfuels – Key offerings10.12 Sasol Ltd.Exhibit 120: Sasol Ltd. – OverviewExhibit 121: Sasol Ltd. – Business segmentsExhibit 122: Sasol Ltd. – Key newsExhibit 123: Sasol Ltd. – Key offeringsExhibit 124: Sasol Ltd. – Segment focus
11 Appendix
11.1 Scope of the report11.2 Inclusions and exclusions checklistExhibit 125: Inclusions checklistExhibit 126: Exclusions checklist11.3 Currency conversion rates for US$Exhibit 127: Currency conversion rates for US$11.4 Research methodologyExhibit 128: Research methodologyExhibit 129: Validation techniques employed for market sizingExhibit 130: Information sources11.5 List of abbreviationsExhibit 131: List of abbreviations
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