Synthetic Fuel Market, By Feedstock, By Production Process, By End-use Application, By Environmental Impact, By Market Maturity, By Geography

Description

Global synthetic fuel market is expected to be valued at US$ 5.60 Bn in 2023, and is projected to reach US$ 19.82 Bn by 2030, exhibiting a CAGR of 19.8% from 2023 to 2030.

Report Coverage		Report Details
Base Year:	2022	Market Size in 2023:	US$ 5.60 Bn
Historical Data for:	2018 to 2021	Forecast Period:	2023 - 2030
Forecast Period 2023 to 2030 CAGR:	19.80%	2030 Value Projection:	US$ 19.82 Bn

Figure 1. Global Synthetic Fuel Market Share (%), By Region, 2023

Synthetic fuels, also known as e-fuels or renewable fuels, are gaining traction as an eco-friendly alternative to traditional fossil fuels. These are synthesized from renewable sources like carbon dioxide and green hydrogen, often produced via sustainable methods like electrolysis. These advanced fuels are compatible with existing combustion engines, and offers a potential solution to reduce carbon emissions and reliance on fossil fuels. Their use can contribute significantly to a cleaner and more sustainable energy future, addressing environmental concerns associated with conventional fuels. Synthetic fuels have potential to revolutionize the transportation sector by reducing dependence on petroleum. Synthetic fuels are carbon-neutral or even carbon-negative, and can be produced from various sustainable feedstocks like biomass or captured carbon dioxide Researchers across the world are working on technologies like gas-to-liquids (GTL), coal-to-liquids (CTL), biomass-to-liquids (BTL) that allow synthetic fuels to compete on price with conventional petroleum in the long run while providing energy security benefits. Successful commercialization of these technologies at scale could see widespread adoption of synthetic fuels.

Market Dynamics:

Carbon emission reduction goals, energy security, and compatibility with existing infrastructure is anticipated to drive growth of the global synthetic fuel market over the forecast period. Moreover, intermittent renewable energy is also expected to boost the growth of the global synthetic fuel market over the forecast period. Carbon emission reduction, energy, storage and grid balancing, technology innovation and circular carbon economy are expected to create growth opportunities for the global synthetic fuel market during the forecast period. The global synthetic fuel market growth is driven by rising crude oil prices and concerns over energy security and climate change. Depleting petroleum reserves and vulnerability to geopolitical risks have boosted research into indigenous and sustainable fuel options. Government policies and incentives around the world for cleaner and carbon-neutral transportation are creating a conducive environment for synthetic fuel technologies. However, high costs of production as compared to conventional fuels act as a restraint. Improving yields from biomass feedstocks and scaling up of synthetic fuel plants offers significant opportunities by lowering production costs over time to achieve cost competitiveness. Advancements in GTL and BTL technologies expands the market growth.

However, high production costs, energy efficiency concerns, competing technologies and infrastructure challenges are expected to hamper growth of the global synthetic fuel market over the forecast period.

Key features of the study:

This report provides in-depth analysis of the global synthetic fuel market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global synthetic fuel market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Sasol, Shell, Chevron, ExxonMobil, BP (British Petroleum), Synfuels China, Rentech, Inc., Fischer-Tropsch Technology, Linc Energy, and DKRW Advanced Fuels
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global synthetic fuel market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global synthetic fuel market

Detailed Segmentation:

By Feedstock:
- Coal
- Natural Gas
- Biomass
- Others
By Production Process:
- Fischer-Tropsch Synthesis
- Methanol to Gasoline (MTG)
- Direct Coal Liquefaction
- Indirect Coal Liquefaction
- Pyrolysis
By End-use Application:
- Transportation Fuels
- Chemical Feedstock
- Power Generation
- Residential Heating
- Others
By Environmental Impact:
- Carbon-Neutral/Capture Technologies
- Low Carbon
- Conventional
By Market Maturity:
- Established
- Emerging
- Experimental
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Company Profile:
- Sasol
- Shell
- Chevron
- ExxonMobil
- BP (British Petroleum)
- Synfuels China
- Rentech, Inc.
- Fischer-Tropsch Technology
- Linc Energy
- DKRW Advanced Fuels

Product Code: CMI6151

1. Research and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Feedstock
- Market Snippet, By Production Process
- Market Snippet, By End-use Application
- Market Snippet, By Environmental Impact
- Market Snippet, By Market Maturity
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Carbon emission reduction goals
- Restraints
High production cost
- Opportunities
Technology innovation
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Global Synthetic Fuel Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Global Synthetic Fuel Market, By Feedstock, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Coal
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Natural Gas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Biomass
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)

6. Global Synthetic Fuel Market, By Production Process, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Fischer-Tropsch Synthesis
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Methanol to Gasoline (MTG)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Direct Coal Liquefaction
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn )
Indirect Coal Liquefaction
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Pyrolysis
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)

7. Global Synthetic Fuel Market, By End-use Application, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Transportation Fuels
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Chemical Feedstock
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Power Generation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Residential Heating
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)

8. Global Synthetic Fuel Market, By Environmental Impact, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Carbon-Neutral/Capture Technologies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Low Carbon
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Conventional
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)

9. Global Synthetic Fuel Market, By Market Maturity, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
Established
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Emerging
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Bn)
Experimental
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)

10. Global Synthetic Fuel Market, By Region, 2018-2030, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Region, 2018 -2030
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Feedstock, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Production Process, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-use Application, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Environmental Impact, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Market Maturity, 2023-2030, (US$ Bn)
U.S
Canada
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Feedstock, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Production Process, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-use Application, 2023-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Environmental Impact, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Market Maturity, 2023-2030, (US$ Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Feedstock, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Production Process, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-use Application, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Environmental Impact, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Market Maturity, 2023-2030, (US$ Bn)
China
India
Japan
South Korea
ASEAN
Rest of Asia Pacific
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Feedstock, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Production Process, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-use Application, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Environmental Impact, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Market Maturity, 2023-2030, (US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East and Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Feedstock, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Production Process, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-use Application, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Environmental Impact, 2023-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Market Maturity, 2023-2030, (US$ Bn)
GCC Countries
Israel
South Africa
North Africa
Central Africa
Rest of Middle East

11. Competitive Landscape

Sasol
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Shell
Chevron
ExxonMobil
BP (British Petroleum)
Synfuels China
Renetech, Inc.
Fischer-Tropsch Technology
Linc Energy
DKRW Advanced Fuels
Analyst Views

12. Section

Research Methodology
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