Gasification Market

Global Gasification Market Analysis and Opportunity Assessment by Fuel, Application, Region, and Country – Forecast 2022 – 2032

The market is expected to generate an incremental $ opportunity of US$ 2,37,795.5 Mn between 2022 and 2032

Category: Clean Energy & Power Published Date : November 2022 ID: CVC-00543 Format: PDF Pages: 300

Gasification Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Gasification Market grew at a CAGR of 4.6% between 2017-2021 and is estimated to be US$ 3,97,563.2 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.8% and is expected to reach a valuation of US$ 6,35,358.7 Mn by 2032 end.

Throughout the projected period, the market for thermal conversion of biomass, coal, and other carbonaceous solid materials is growing as the demand for clean cooking and heating fuels increases worldwide.

Market Dynamic


A growing focus on improving the environment has created a significant demand for clean energy. As a result, anaerobic digestion plant investment is always rising. These facilities can assist the globe in managing its garbage while also generating the energy and goods required to support economic growth. Additionally, the method offers a major improvement over incineration. Thus, it is anticipated that the rising need for clean energy will drive the global market.


Several Asian countries have huge electricity and climate-related issues. According to a joint study, half of the global CO2 emissions from coal come from China and India. In most of these countries, conventional power plants cannot meet the massive energy demand, particularly due to issues such as extreme climatic events. In addition, because of the use of commercial fossil fuels in coal power plants contribute greatly to air pollution problems.


Gasification is a process that converts naturally occurring hydrocarbon deposits into a gas that can be used to generate power or as a raw material. The industry has been rapidly advancing, particularly in recent years, with the development of more efficient gasification methods. Gasification technology has increased tremendously over the past 20 years, especially in developed countries, where more industrial and commercial applications are being explored. This paper examines the technological advancements in the past decade, which have made gasification cheaper, quicker, easier, and environmentally cleaner.

COVID-19 Impact

The abrupt coronavirus outbreak has had a negative impact on the expansion of utility applications. In several projects, the installation of Gasification systems declined in 2021. Additionally, the worldwide closure of production facilities in 2020’s first and second quarters is to blame for slowing the market’s expansion.

However, it is anticipated that the adoption of Cleaner Fuel and, therefore, the Gasification systems will expand due to the growing installation of Gasification systems in operational projects and the growing government focus on upgrading the electricity sector. The market value might not catch up to the pre-COVID-19 value until 2027.

Gasification Market

Market Segments Covered in Report

By Fuel:

  • Wood
  • Animal Waste
  • Others

By Applications:

  • Chemicals
  • Liquid Fuels
  • Power and Gas Fuels

By Region and Country:

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
  • Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
  • Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why is Coal Segment projected to ensure the most revenue during the forecast period?

The coal segment will lead the highest revenue, 40.0% of the market in 2021. The thermochemical process harnesses the full energy potential of the feedstock while reducing the costs associated with disposal and environmental impact. Also, the underground coal thermochemical process can further be used for converting coal into valuable gases without mining. Furthermore, the confidential coal thermochemical process also eliminates several activities associated with underground coal mining, including coal washing, coal stockpiling, and waste disposal, including ash handling and disposal.

Why is the utility segment expected to expand the fastest during the forecast period?

In 2021, The chemical segment was projected to lead the global market. Synthesis gas is the plant’s primary product and is used in manufacturing various products. Most of it is consumed in the chemical industry, where ammonia, methanol, liquid fuels, and hydrogen are produced. Chemicals such as methanol are used as an intermediate for synthesizing many chemicals and fuels. The growing need for renewable energy and the increasing requirement for a consistent and efficient power supply in most locations causes the increased demand for Gasification systems in the utility industry.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

  • In 2021, the Asia Pacific market held a sizeable revenue share of 47.0%. The market growth in the Asia Pacific region can be attributed to several factors, such as the rising demand for energy, significant coal reserves, and the increasing demand for clean energy technologies.
  • Over the projection period, Europe is anticipated to increase somewhat. The majority of biomass gasification facilities are in Europe. Europe will have more than 42,000 MW gasification capacity by the end of 2020.

Competition Analysis

The global gasification market is highly fragmented, with the presence of several large-scale players across the world. The major players in the United States and Europe have adopted a diplomatic approach toward shaping new market strategies by adding new product portfolios and improving existing product quality.

Some of the key developments that have taken place in the Gasification Market include:

  • In January 2020, When the coal gasification-based direct reduction iron (DRI) facility at Angul district in Odisha commenced operation, Jindal Steel and Power Ltd (JSPL) made the announcement. Due to a lack of coal, the facility, which has an output capacity of 1.80 MTPA, had to cease operations.
  • On April 19, 2021, The purchase and commissioning of an Italian waste-to-energy facility were announced by EQTEC. The acquisition makes it possible to construct facilities based on the advanced gasification technology that EQTEC has developed and is the exclusive owner of. The facility will employ straw and wood waste from nearby farms and forests to generate green electricity and heat for the neighborhood.

A list of some of the key suppliers present in the market are:

  • Air Liquide
  • Shell
  • Mitsubishi Heavy Industries
  • Thyssenkrupp ag
  • Synthesis Energy Systems, Inc.
  • Larsen & Toubro Limited
  • Dakota Gasification Company
  • EQTEC plc
  • GE
  • Air Products
  • Sedin Engineering Company Limited

Report Coverage and Highlights

  • Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
  • Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
  • The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
  • Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
  • Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
  • Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
  • Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
  • Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
  • Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
  • Strategic market analysis, recommendations, and future headways on crucial winning strategies.
Research ScopeDetails
Forecast period2022-2032
Historical data available for2017-2021
Market analysisUSD Million for Value and Tons for Volume, and CAGR from 2022 to 2032
Key regions coveredNorth America, Latin America, Europe, Asia-Pacific, Middle East, and Africa
Key countries coveredUS, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt
Key segments coveredBy Fuel, Application, and Region
Customization scopeAvailable upon Request
Pricing and purchase optionsAvailable upon Request