The global coal to liquid market was valued at USD 3,870.9 Million in 2019 and is projected to reach USD 4,747.0 Million by 2027, expanding at a CAGR of 2.6% during the forecast period. Coal is a vital fuel utilized globally to generate electricity, while petroleum fuels are commonly utilized in vehicles. Moreover, coal and petroleum fuels majorly possess carbon (carbon-carbon bond (C-C)) hydrocarbons), which makes the conversion of coal to liquid fuel more feasible. The production of liquid fuel from coal is also known as coal-to-liquid (CTL) technology or coal liquefaction, either by direct or indirect liquefaction. In this procedure, coal is dissolved in a solvent at high temperature and pressure, followed by hydrogenation to produce a high-grade, clean fuel suitable for use in transport. Moreover, the obtained liquid fuel tends to be ultra-clean, sulfur-free, low in particulates, causes low CO2, oxides, and nitrogen emissions through Carbon Capture and Storage (CCS).
Abundant availability of coal, declining levels of petroleum reservoirs, and increased awareness about the technical expertise related to the conversion process among industrialists, and growth of transportation sector in developing nations, such as India and China. As synthetic fuels obtained from the conversion of coal are cleaner (eco-friendly) than those extracted from natural reservoirs, the demand for coal liquefaction has increased, owing to wide support from regulatory authorities worldwide.
Based on type, the global coal to liquid market is segmented as ultra-clean diesel, alternative liquid fuels, chemical feedstock, lubricants, and synthetic wax. The ultra-clean diesel segment is anticipated to expand at a CAGR of ~3.3% during the forecast period as ultra-clean diesel are renewable and it contains ultra-low sulfur. Ultra-clean diesel is a patent-pending fuel that delivers those enhanced benefits either as a standalone fuel or for easy blending with petroleum diesel. Ultra-clean diesel is an approved fuel by the California Air Resources Board (CARB).
Based on application, the market is segmented into biofuels, power generation, chemicals, and wax. The biofuels segment is projected to hold a major share of the market during the forecast period as there is presence of various supporting regulatory policies and tax incentives across the world which, in turn, increases the demand for biofuel.
Biofuel, any fuel that is derived from biomass—that is, plant or algae material or animal waste. Since such feedstock material can be replenished readily, biofuel is considered to be a source of renewable energy, unlike fossil fuels such as petroleum, coal, and natural gas.
Power generation is the process of generating electric power from sources of primary energy. For utilities in the electric power industry, it is the stage prior to its delivery to end users or its storage. A characteristic of electricity is that it is not freely available in nature in large amounts, so it must be "produced" (that is, transforming other forms of energy to electricity). Production is carried out in power stations (also called "power plants"). Electricity is most often generated at a power plant by electromechanical generators, primarily driven by heat engines fueled by combustion or nuclear fission but also by other means such as the kinetic energy of flowing water and wind.
Objects that can be inflated with gas, usually with air are called inflatables. Instead of air hydrogen, helium and nitrogen are also used. Inflation happens through several strategies as pumps, ram-air, billowing, and suction. Coal to Liquids are also used to inflate the inflatables. Especially electric Coal to Liquids are most commonly used because it exerts high pressure which saves time. The automated nature of electric Coal to Liquids is making it easier for the inflatables users to get the required pressure in these inflatables.
The others category involved different applications of Coal to Liquids such as football, rugby ball, Soccer Ball, and others. This helps to inflate the things with suitable pressures and maintain the desired shapes, size, and sturdiness.
In terms of regions, the market is fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. APAC is a promising region for the market. The region constituted a significant market share of the market in 2019. The market in the region is projected to expand at a CAGR of 4.5% during the forecast period as there is an increase in disposable income, rise in government initiatives are some of the factors expected to boost the market growth in the region.
Some frequently asked quetions about this report!
Additional company profiles can be provided on request.
Yes, the report covers macroeconomics factors including GDP, population, disposable income, and others.
According to this Growth Market Reports report, the market from Coal to Liquid is likely to register a CAGR of 2.6% during forecast period 2020-2027, with an anticipated valuation of US$ 4,747.0 million by the end of the 2027.
In addition to market size (in US$ Million) and Company Market Share (in % for base year 2019), other data such as Pricing analysis for year 2017 to 2027 (estimated pricing analysis) is provided, market volume (2017 to 2027) for Coal to Liquid market is available in final report.
Abundant availability of coal, deteriorating levels of petroleum reservoirs, increased awareness about the technical expertise related to the conversion process among industrialists, and growth of transportation sector are expected to drive the market growth during forecast period.
Biofuels are the key end-user that are driving the Coal to Liquid Market.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
The market is expected to witness declined ~ 1.6% between 2019 and 2020 owing to the considerable impact of COVID-19 pandemic on the Coal to Liquid Market. The ongoing research of Coal to Liquid for COVID-19 string is expected to grow the production Coal to Liquid product.
The base year considered for the global Coal to Liquid Market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2021 to 2027.
Major Manufactures include Sasol, Shenhua, Yankuang, DKRW Energy, Bumi, Monash Energy, Linc Energy, TransGas Development Systems, Pall, and Altona Energy.
Some other reports from this category!