Authored By: Sarah
11 Jul 2024

 Coal Gasification Market Size to grow by USD 14016.1 million between 2024-2028

According to a research report “ Coal Gasification Market” by Application (Chemicals, Fuels, Power) Type (Moving bed, Fluidized bed, Entrained bed, Molten bed) Geography (APAC, Middle East and Africa, North America, Europe, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 14016.1 million, at a CAGR of almost 16.25% during the forecast period. In line with the International Energy Agency's (IEA) reports, global energy demand experienced a notable surge over the last decade due to robust economic expansion. Notably, the demand for chemical products has witnessed substantial growth over the past two decades, primarily driven by the increasing requirements for nitrogenous fertilizers and plastics. Furthermore, global electricity demand has more than doubled during this period. The IEA projects that energy demand will continue to rise, with an anticipated increase of over 25% by 2040. Additionally, the global population is projected to reach over nine billion by this same year. These trends underscore the significant potential for the coal gasification market, as this technology offers a viable solution for meeting the increasing demand for cleaner energy and chemical production.

Browse market data tables, figures, and in-depth TOC on “Coal Gasification Market” by Application (Chemicals, Fuels, Power) Type (Moving bed, Fluidized bed, Entrained bed, Molten bed) Geography (APAC, Middle East and Africa, North America, Europe, South America) Global Forecast to 2028. Download Free Sample


By Application, the Chemicals segment is projected to dominate the market size in 2024

In the coal gasification industry, a moving bed gasifier is a preferred type of gasifier due to its efficient conversion of coal into synthetic gas (syngas). This design allows coal to flow downward through the gasification reactor, enabling a controlled interaction with oxygen or steam at elevated temperatures. The resulting syngas, primarily composed of carbon monoxide and hydrogen, serves as a valuable fuel or chemical feedstock. Leading vendors, such as Air Liquide SA and Mitsubishi Heavy Industries Ltd., excel in manufacturing moving bed systems and equipment for industries focusing on gasification and wastewater treatment, ensuring continuous coal feeding and ash/gas removal for optimal syngas production.

By Type, Moving bed  segment is expected to hold the largest market size for the year 2024

In the contemporary business landscape, chemical products play a pivotal role in various sectors, including manufacturing, construction, and agriculture. These chemicals enhance the functionality and durability of materials such as metals and timber through protective coatings like varnishes and decorative ones like paints. Moreover, the electronics industry heavily utilizes plastic combinations, displacing paper as a medium for information storage and transmission. In agriculture, fertilizers and other agrochemicals are indispensable for maintaining productivity levels. While the fertilizer market reaches maturity in certain regions, the robust demand for plastics and other chemicals in various industries continues to drive market growth.

APAC is forecasted to hold the largest market size by region in 2024

In the energy landscape of Asia, China and India are heavily reliant on coal to fulfill their significant energy demands. China, as the world's largest coal producer since 1985, has a substantial coal-based energy mix. However, the Paris Climate Agreement's emission limitations have prompted China to explore advanced carbon capture technologies, particularly coal gasification. This approach allows for the efficient production of energy, as biomass alone cannot generate sufficient power. Researchers in China have suggested the integration of coal and biomass energy through gasification to optimize energy generation while reducing carbon emissions.

The Coal Gasification Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Air Liquide SA
  • Air Products and Chemicals Inc.
  • Basin Electric Power Cooperative
  • Chiyoda Corp.
  • Ergo Exergy Technologies Inc.
  • Johnson Matthey Plc
  • KBR Inc.
  • Larsen and Toubro Ltd.
  • McDermott International Ltd.
  • Mitsubishi Heavy Industries Ltd.
  • Regius Synfuels Ltd.
  • Sasol Ltd.
  • SEDIN Engineering Co. Ltd. CNCEC
  • Siemens AG
  • Swan Hills Synfuels LLP
  • Synthesis Energy Systems Inc.
  • thyssenkrupp AG
  • Oil and Natural Gas Corp. Ltd.

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Research Analysis Overview

The Coal Gasification Market encompasses various technologies that convert coal into synthetic natural gas (SNG), syngas, hydrogen, and other valuable by-products like ammonia and fertilizers. Three primary gasification technologies are Fluidized Bed, Entrained Bed, and Moving Bed. Fluidized Bed gasifiers use nitrogen or air to create a bed of coal particles that are suspended in a gas stream, generating syngas, water vapor, methane, carbon dioxide, hydrogen, and carbon monoxide. Power generation is a significant application of coal gasification, producing clean energy with reduced environmental impact. By-products like ammonia and fertilizers can be produced through the CHP (Combined Heat and Power) process. Fluidized Bed gasifiers also reduce particulate matter and sulfur dioxide emissions. Underground Coal Gasification (UGCG) is another promising technology, which produces clean hydrogen and syngas from coal seams without mining. This process uses oxygen and water to create a reaction, generating methane, carbon dioxide, and hydrogen. Environmental concerns include the production of nitrogen, oxygen, and water for the gasification process, as well as the handling and storage of carbon dioxide. Low-cost feedstocks, such as coal, are essential for the economic viability of these processes. Gasification technologies continue to evolve, with a focus on reducing emissions and improving efficiency. The market for coal gasification is expected to grow significantly due to the increasing demand for clean energy, hydrogen production, and the need to reduce greenhouse gas emissions from traditional coal-fired power plants.

Market Research Overview

The Coal Gasification Market encompasses the production of fuel gas, syngas, and other chemicals from coal through a process called gasification. This technology is gaining popularity due to its ability to convert low-value coal feedstocks into high-value products, including tar-free syngas for chemical making in the petrochemicals sector and industrial sector. Coal gasification produces fuel gas, which can be used for energy generation technology, including electricity generation and household applications. Gasification technologies include Molten Bed, Entrained Bed, and Moving Bed, which differ in their operational principles. The process involves the partial oxidation of coal in the absence of oxygen, producing a syngas rich in H2, CO, CO2, CH4, and N2. The resulting syngas can be used for Ammonia production, Urea production, and hydrogen generation. Coal-to-chemicals projects and Coal-to-methanol projects are also gaining traction, utilizing coal as a feedstock for the production of clean energy and industrial chemicals. Coal reserves are abundant, making it a cost-effective feedstock for gasification. However, environmental concerns, such as the production of Particulate matter, Sulfur dioxide, and other pollutants, must be addressed. Water scarcity is a challenge for coal gasification, as the process requires large amounts of water for cooling and steam generation. Underground Coal Gasification is an alternative that reduces water usage and environmental impact. The market for coal gasification is expected to grow, driven by the demand for clean hydrogen and the need for low-cost feedstocks in the industrial sector. Gasification technologies also offer opportunities for the production of biodegradable materials and the reduction of greenhouse gas emissions, making it an attractive option for a sustainable future.


Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200

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