Gasification is a process that converts carbon material, biomass, or municipal waste into another form of energy or products. It converts solid as well as liquid end-products into gas through a chemical reaction. The process works by combining carbon-based materials, which are known as feedstock. The process involves combining the feedstock with small quantities of oxygen. Thus, during the gasification process, the carbon molecules are broken down into a mixture of carbon monoxide (CO) and hydrogen, which is known as syngas.
Technavio’s analysts forecast the global petcoke gasification market to grow at a CAGR of 16.55% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global petcoke gasification market for 2017-2021. To calculate the market size, the report considers the new installations and planned projects.
The market is divided into the following segments based on geography: - Americas - APAC - EMEA
Technavio's report, Global Petcoke Gasification Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors - Air Liquide - GE Energy - Royal Dutch Shell - RWE - Siemens
Other prominent vendors - CB&I - Huaneng Clean Energy Research Institute - KBR - KEPCO-Uhde - Northwest Research Institute of Chemical Industry, Shaanxi - Sedin - Synthesis Energy Systems
Market driver - Increasing refinery margins - For a full, detailed list, view our report
Market challenge - High project capital costs - For a full, detailed list, view our report
Market trend - Carbon capture and storage through petcoke gasification - For a full, detailed list, view our report
Key questions answered in this report - What will the market size be in 2021 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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