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


ID: CVC-00543


Format: PDF+Excel Dataset


Published Date: November 2022


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 Scope Details
Forecast period 2022-2032
Historical data available for 2017-2021
Market analysis USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032
Key regions covered North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa
Key countries covered US, 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 covered By Fuel, Application, and Region
Customization scope Available upon Request
Pricing and purchase options Available upon Request


  • Report Includes

    Market Size Data

    • Global market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and region
    • Regional level market size data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment and country
    • Country level market share data, historical (2018 to 2022) and forecast (2023 to 2033), by each segment
    • Market attractiveness analysis based on market share index and CAGR index for each of the segments and regions
    • Incremental dollar opportunity generated in the forecast period would be indicated
    • Key Takeaways, Recommendations, and key investment pockets for the relevant segments would be highlighted

    Market Background

    • Macroeconomic factors that impact the market developments
    • Market dynamics (Drivers, Restraints, Opportunities) that positively or negatively influence market growth
    • Supply Side and Demand Side trends – trends witnessed from buyers and suppliers side
    • Production and Consumption Gap Analysis – analysis of gap between production and consumption in any geography to fulfil unmet demand
    • Trade analysis and analysis of key supply and demand hubs
    • Identification of hotbed opportunities existing in the market
    • Porter’s and PEST analysis to understand the business environment of the geography
    • Regulatory scenario – Identification of key sector specific and trade regulations, and assessment of whether it helps or hinder market development & growth

    Pricing Analysis

    • Regional-level product pricing analysis to set and benchmark your current or future product offerings across each product type
    • Historical and projected pricing trends of the product which helps in determining the product’s price and/or services beneficial for companies product lifecycle
    • Cost teardown analysis and key factors impacting pricing

    Value Chain Analysis

    • Country-wise list of raw material suppliers
      • Raw material price trends and buyers’ sentiment
      • Overview of Intelligent Sourcing Technique
      • Raw material procurement requirements
      • Vendor selection criteria
    • Country-wise list of product manufacturers
    • Country-wise list of distributors/traders
    • Country-wise list of end-users
      • End-Users/Customers consumption mapping
      • Key End-Users/Customers client list
    • Country-wise list of other key channel partners
    • Average profitability margins
    • Regional value chain dynamics

    Competition Analysis

    • Market shares and production capacities of key players
    • Tier structure analysis of market
    • Comprehensive competition dashboard representing the top 10-15 players in the market
    • Individual company profiles of top 15 to 20 manufacturers
      • Business Overview
      • Product Portfolio
      • Key Financials
      • Recent Developments
      • SWOT Analysis
      • Strategies

Country Coverage
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific

Why Choose CVC Market Research?;

  • Specialized market research company
  • Impeccable and deep industry expertise
  • Wide range of offerings
  • Robust research methodology and statistical models with least deviation
  • Extensive reports and full-service consulting
  • Expert panel sanctioned industry outlook
  • Growth dynamics for calculated investments
  • Tri-level quality guarantee
  • 6 months unlimited post-sales support
  • Regular planned and contracted report updates

Frequently Asked Questions

In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 4.8%.


The global market for power management devices is expected to see huge growth in the next five years owing to increasing power consumption across the globe and growing demand for clean energy.


Major global Gasification Market players are Air Liquide, Shell, Mitsubishi Heavy Industries, ANDRITZ, Thyssenkrupp ag, Synthesis Energy Systems, Inc., Larsen & Toubro Limited, Dakota Gasification Company, EQTEC plc GE,  Air Products, Sedin Engineering Company Limited.


The cost of the technology is anticipated to be 35% more than that of traditional coal technology. Additionally, it becomes considerably more expensive when carbon capture and storage (CCS) technology is added to deploy Gasification systems is constrained by market growth.


The Asia Pacific region is expected to account for the largest market revenue share in the Global Gasification market.


User License

Single User License
Multi User License
Corporate User License
Data Pack/Excel

We Accept

Chem view Chem view Chem View Chem view
Chem View

Safe & Secure Payments

Let us Help You!

Facing issues finding the exact research to meet your business needs? Let us help you! One of our Research Executives will help you locate the research study that will answer your concerns.

Connect with Us!

    Let us Help you!

    Facing issues finding the exact research to meet your business needs? Let us help you! One of our Research Executives will help you locate the research study that will answer your concerns.

    Speak to Analyst

    Connect with Us!