According to a recent market study published by Growth Market Reports titled, “Global Coal to Liquid Market by Types, Applications, and Regions: Size, Share, Trends, and Opportunity Analysis, 2020-2027”, the market was valued at USD 3,870.9 Million in 2019 and is projected to expand at a CAGR of 2.6 % between 2020 and 2027. Liquid coal is the result of coal liquefaction. Coal liquefaction the process of converting coal to liquid fuel (CTL). According to the World Coal Association, two different conversion processes exist: in direct liquefaction, coal is exposed directly to hydrogen at high temperatures (450°C) and high pressures for approximately one hour in the presence of a solvent that breaks down the hydrocarbon structure. Catalysts are used to improve rates of conversion of coal from solid to liquid form. Indirect coal liquefaction takes solid coal through a gas phase before being converted into a raw liquid form. This process was developed in Germany at approximately the same time as direct coal liquefaction and was patented by Franz Fischer and Hans Tropsch to become known as the Fischer-Tropsch (F-T) process.

The global coal to liquid market is fragmented based on types, applications, and regions. In terms of types, the market is segmented into ultra-clean diesel, alternative liquid fuels, chemical feedstock, lubricants, and synthetic wax. On the basis of applications, the market is fragmented into biofuels, power generation, chemicals, and wax. Based on regions, the global coal to liquid market is classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is further bifurcated into countries such as the US, and Canada. Latin America is further segmented into Brazil, Mexico, and Rest of Latin America, while Asia Pacific is classified as India, China, Australia, Japan, South Korea, and Rest of Asia Pacific. The Europe region is categorized as the UK, France, Germany, Italy, Spain, Russia, and Rest of Europe, while the MEA region is further divided into Saudi Arabia, South Africa, UAE, and Rest of MEA.

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The effect of COVID-19 is anticipated to be strongly felt in the conventional energy industry due to high dependency of different global industries for imports. Moreover, the pandemic situation has led to the closure of several non-essential businesses reducing the demand for consumer durables in the world, which in turn, is impeding the coal industry. The COVID-19 pandemic is decreasing the end-user demand for coal products worldwide, thus the demand for coal to liquid is likely to reduce in the short-term. The COVID-19 effects majorly on manufacturing units, which is currently working with 50% workforce. The global supply chain has at the same time slowed down due to restrictions on national borders.

As per Growth Market Reports industry analyst Vidya Jadhav, “The global coal to liquid market is anticipated to expand at a significant pace during forecast period, 2020-2027, driven by increasing plentiful availability of coal, particularly compared to liquid fuels. The dropping levels of crude oil reservoirs have made headlines recently, coal reserves have remained productive enough for coal to remain the most widely used fuel type for power generation; therefore, the idea of converting coal to liquid fuels has picked up speed in the recent years.

Technological advancements in the oil & gas industry has helped in the establishment of foothold, as the technological knowhow of the conversion process is relatively easily available. However, the high costs of the process have not gone down significantly since it began to be utilized. This leads to the process only being economically feasible when oil prices are high.’’

Key Takeaways from the Study:

  • Sasol holds ~30.0% of market share of global coal to liquid market in year 2019.
  • Asia Pacific accounts for a major share of the market, followed by North America. The market in Rest of Asia Pacific is projected to expand at significant CAGR during the forecast period.
  • In terms of value, the ultra-clean diesel segment is anticipated to expand at a significant CAGR during the forecast period as it is a patent-pending fuel that delivers those enhanced benefits either as a standalone fuel or for easy blending with petroleum diesel.
  • The biofuels segment is anticipated to expand at a substantial CAGR during the forecast period as it is cost effective and is considered as a renewable fuel as feedstock material utilized can be replenished at a faster rate as compared to conventional fossil fuels.

Report Scope:

Report Metric

Details

Market Value in 2019

USD 3,870.9 Million

Market Growth Rate (from 2020 to 2027)

2.6%

Historical Data

2017 & 2018

Base Year

2019

Forecast Period

2020 - 2027

Units Considered

Value (USD Million), Volume (000’ Barrels),

Market Segments

Types and Applications

Regional Scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Country Scope

The US, Canada, Brazil, Mexico, and Rest of Latin America, India, China, Australia, Japan, South Korea, Rest of Asia Pacific, The UK, France, Germany, Italy, Spain, Russia, Rest of Europe, Saudi Arabia, South Africa, UAE, and Rest of Middle East & Africa (MEA)

Key Companies Profiled

Sasol, Shenhua, Yankuang, DKRW Energy, Bumi, Monash Energy, Linc Energy, TransGas Development Systems, Pall, and Altona Energy.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

  • Supply-side: Coal to liquid manufacturers, raw material suppliers, primary respondents, and distributors.
  • Demand Side: Power generation Industries, automotive manufacture, others etc.
  • Regulatory Side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies
  • Associations and Industry Bodies: Environmental Protection Agency (EPA), International, Organization for Standardization (ISO), Organization of Plastics Processors of India (OPP), Ministry of Health, Labor and Welfare (MHLW), World Trade Organization (WTO), Occupational, Safety and Health Administration (OSHA), American National Standards Institute (ANSI), and Indian Centre for Plastics in the Environment (ICPE).