[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Global Synthetic Fuel Market Size study & Forecast, by Type (Extra Heavy Oils, Gas to Liquid Oils, Shale Oils, Coal to Liquid, Biomass to Liquid, Others), by Raw Material (Coal, Natural Gas, Food-crop/Plant Based, Non-food Crop Based), by Application (Gasoline, Diesel, Kerosene) and Regional Analysis, 2023-2030

October 2023 | 200 pages | ID: GF362FD15B72EN
Bizwit Research & Consulting LLP

US$ 4,950.00

E-mail Delivery (PDF), Hard Copy Mail Delivery

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
Global Synthetic Fuel Market is valued at approximately USD 4.67 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 19.7% over the forecast period 2023-2030. Synthetic fuel, also known as synfuel or carbon-neutral fuel, refers to any type of fuel produced from renewable sources or captured carbon dioxide. It is designed to be a low-carbon or carbon-neutral alternative to traditional fossil fuels such as gasoline, diesel, and jet fuel. The Synthetic Fuel market is expanding because of factors such as rising carbon emissions and increasing demand for renewable energy sources Synthetic fuels are considered a potential solution to reduce greenhouse gas emissions and mitigate climate change while still utilizing existing infrastructure and technologies. Its importance has progressively increased during the forecast period 2023-2030.

The key factor that distinguishes synthetic fuels from conventional fossil fuels is that they are produced using renewable energy sources or by capturing and utilizing carbon dioxide (CO2) emissions. Synthetic fuels are often developed to burn cleaner than conventional fossil fuels, emitting fewer pollutants and greenhouse gases during combustion. This can result in direct reductions in carbon dioxide (CO2) emissions, especially when used in existing internal combustion engine vehicles or industrial processes. According to Statista, Global carbon dioxide emissions from fossil fuels and industry were 37.12 billion metric tons in 2021 and rise by 0.9% in 2022 to 37.5 GtCO?. Another important factor that drives the Synthetic Fuel market is the increasing demand for renewable energy sources. Biomass is a renewable energy source derived from organic materials such as agricultural waste, forestry residues, energy crops, and organic waste. It can be converted into synthetic fuels through gasification and produce synthetic fuels such as synthetic gasoline, diesel, and jet fuel from biomass feedstocks. In addition, as per Statista, Consumption levels of renewable energy reached around 40 exajoules in 2021. Moreover, rising government initiatives on the production of synthetic fuels and increasing oil prices are anticipated to create lucrative growth opportunities for the market over the forecast period. However, increased demand for electric vehicles and the growing presence of alternate fuels stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Synthetic Fuel Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the government regulations to promote the applications of synthetic fuels and advancements in synthetic fuel production technologies. These technologies include carbon capture and utilization, as well as the integration of renewable energy sources like solar and wind in the production process in the region. Furthermore, Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as region's rapid economic expansion has led to increased energy demand, prompting a search for cleaner and more efficient fuel options and growing demand for automobiles in the region.

Major market player included in this report are:

Robert Bosch GmbH

Synhelion S.A.

Phillips 66 Company

Sasol Limited

Reliance Industries Limited

Indian Oil Corporation Limited

Shell plc

Air Liquide S.A.

Exxon Mobil Corporation

PetroChina Company Limited

Recent Developments in the Market:
  • In July 2023, Bosch plans to invest roughly USD 2.77 billion in Hydrogen technologies by 2026. The company’s Stuttgart-Feuerbach factory has also begun commercial manufacture of hydrogen fuel-cell modules and employed around 3,000 people. The business develops technology for the generation and application of hydrogen along the full value chain. It expects hydrogen technology to produce approximately USD 5.55 billion in sales by 2030.
Global Synthetic Fuel Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered - Type, Raw Material, Application, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type

Extra Heavy Oils

Gas to Liquid Oils

Shale Oils

Coal to Liquid

Biomass to Liquid

Others

By Raw Material

Coal

Natural Gas

Food-crop/Plant Based

Non-food Crop Based

By Application

Gasoline

Diesel

Kerosene

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Synthetic Fuel Market, by Region, 2020-2030 (USD Billion)
  1.2.2. Synthetic Fuel Market, by Type, 2020-2030 (USD Billion)
  1.2.3. Synthetic Fuel Market, by Raw Material, 2020-2030 (USD Billion)
  1.2.4. Synthetic Fuel Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL SYNTHETIC FUEL MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL SYNTHETIC FUEL MARKET DYNAMICS

3.1. Synthetic Fuel Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Rising carbon emissions
    3.1.1.2. Increasing demand for renewable energy sources
  3.1.2. Market Challenges
    3.1.2.1. Increased demand for electric vehicles
    3.1.2.2. Growing presence of alternate fuels
  3.1.3. Market Opportunities
    3.1.3.1. Rising government initiatives on the production of synthetic fuels
    3.1.3.2. Increasing oil prices

CHAPTER 4. GLOBAL SYNTHETIC FUEL MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL SYNTHETIC FUEL MARKET, BY TYPE

5.1. Market Snapshot
5.2. Global Synthetic Fuel Market by Type, Performance - Potential Analysis
5.3. Global Synthetic Fuel Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Synthetic Fuel Market, Sub Segment Analysis
  5.4.1. Extra Heavy Oils
  5.4.2. Gas to Liquid Oils
  5.4.3. Shale Oils
  5.4.4. Coal to Liquid
  5.4.5. Biomass to Liquid
  5.4.6. Others

CHAPTER 6. GLOBAL SYNTHETIC FUEL MARKET, BY RAW MATERIAL

6.1. Market Snapshot
6.2. Global Synthetic Fuel Market by Raw Material, Performance - Potential Analysis
6.3. Global Synthetic Fuel Market Estimates & Forecasts by Raw Material 2020-2030 (USD Billion)
6.4. Synthetic Fuel Market, Sub Segment Analysis
  6.4.1. Coal
  6.4.2. Natural Gas
  6.4.3. Food-crop/Plant Based
  6.4.4. Non-food Crop Based

CHAPTER 7. GLOBAL SYNTHETIC FUEL MARKET, BY APPLICATION

7.1. Market Snapshot
7.2. Global Synthetic Fuel Market by Application, Performance - Potential Analysis
7.3. Global Synthetic Fuel Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Synthetic Fuel Market, Sub Segment Analysis
  7.4.1. Gasoline
  7.4.2. Diesel
  7.4.3. Kerosene

CHAPTER 8. GLOBAL SYNTHETIC FUEL MARKET, REGIONAL ANALYSIS

8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Synthetic Fuel Market, Regional Market Snapshot
8.4. North America Synthetic Fuel Market
  8.4.1. U.S. Synthetic Fuel Market
    8.4.1.1. Type breakdown estimates & forecasts, 2020-2030
    8.4.1.2. Raw Material breakdown estimates & forecasts, 2020-2030
    8.4.1.3. Application breakdown estimates & forecasts, 2020-2030
  8.4.2. Canada Synthetic Fuel Market
8.5. Europe Synthetic Fuel Market Snapshot
  8.5.1. U.K. Synthetic Fuel Market
  8.5.2. Germany Synthetic Fuel Market
  8.5.3. France Synthetic Fuel Market
  8.5.4. Spain Synthetic Fuel Market
  8.5.5. Italy Synthetic Fuel Market
  8.5.6. Rest of Europe Synthetic Fuel Market
8.6. Asia-Pacific Synthetic Fuel Market Snapshot
  8.6.1. China Synthetic Fuel Market
  8.6.2. India Synthetic Fuel Market
  8.6.3. Japan Synthetic Fuel Market
  8.6.4. Australia Synthetic Fuel Market
  8.6.5. South Korea Synthetic Fuel Market
  8.6.6. Rest of Asia Pacific Synthetic Fuel Market
8.7. Latin America Synthetic Fuel Market Snapshot
  8.7.1. Brazil Synthetic Fuel Market
  8.7.2. Mexico Synthetic Fuel Market
8.8. Middle East & Africa Synthetic Fuel Market
  8.8.1. Saudi Arabia Synthetic Fuel Market
  8.8.2. South Africa Synthetic Fuel Market
  8.8.3. Rest of Middle East & Africa Synthetic Fuel Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Robert Bosch GmbH
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Recent Developments
  9.3.2. Synhelion S.A.
  9.3.3. Phillips 66 Company
  9.3.4. Sasol Limited
  9.3.5. Reliance Industries Limited
  9.3.6. Indian Oil Corporation Limited
  9.3.7. Shell plc
  9.3.8. Air Liquide S.A.
  9.3.9. Exxon Mobil Corporation
  9.3.10. PetroChina Company Limited

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Synthetic Fuel Market, report scope
TABLE 2. Global Synthetic Fuel Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Synthetic Fuel Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4. Global Synthetic Fuel Market estimates & forecasts by Raw Material 2020-2030 (USD Billion)
TABLE 5. Global Synthetic Fuel Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 6. Global Synthetic Fuel Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Synthetic Fuel Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Synthetic Fuel Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Synthetic Fuel Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Synthetic Fuel Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Synthetic Fuel Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Synthetic Fuel Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Synthetic Fuel Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Synthetic Fuel Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Synthetic Fuel Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Synthetic Fuel Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Synthetic Fuel Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. U.S. Synthetic Fuel Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. Canada Synthetic Fuel Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 20. Canada Synthetic Fuel Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. Canada Synthetic Fuel Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. UK Synthetic Fuel Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 23. UK Synthetic Fuel Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. UK Synthetic Fuel Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. Germany Synthetic Fuel Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 26. Germany Synthetic Fuel Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. Germany Synthetic Fuel Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. France Synthetic Fuel Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 29. France Synthetic Fuel Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. France Synthetic Fuel Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. Italy Synthetic Fuel Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 32. Italy Synthetic Fuel Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Italy Synthetic Fuel Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Spain Synthetic Fuel Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 35. Spain Synthetic Fuel Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. Spain Synthetic Fuel Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. RoE Synthetic Fuel Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 38. RoE Synthetic Fuel Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. RoE Synthetic Fuel Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. China Synthetic Fuel Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 41. China Synthetic Fuel Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. China Synthetic Fuel Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. India Synthetic Fuel Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 44. India Synthetic Fuel Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. India Synthetic Fuel Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. Japan Synthetic Fuel Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 47. Japan Synthetic Fuel Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. Japan Synthetic Fuel Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. South Korea Synthetic Fuel Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 50. South Korea Synthetic Fuel Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. South Korea Synthetic Fuel Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. Australia Synthetic Fuel Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 53. Australia Synthetic Fuel Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. Australia Synthetic Fuel Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. RoAPAC Synthetic Fuel Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 56. RoAPAC Synthetic Fuel Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. RoAPAC Synthetic Fuel Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. Brazil Synthetic Fuel Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 59. Brazil Synthetic Fuel Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Brazil Synthetic Fuel Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Mexico Synthetic Fuel Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 62. Mexico Synthetic Fuel Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. Mexico Synthetic Fuel Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. RoLA Synthetic Fuel Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 65. RoLA Synthetic Fuel Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. RoLA Synthetic Fuel Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. Saudi Arabia Synthetic Fuel Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 68. South Africa Synthetic Fuel Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. RoMEA Synthetic Fuel Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Synthetic Fuel Market
TABLE 71. List of primary sources, used in the study of global Synthetic Fuel Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Synthetic Fuel Market, research methodology
FIG 2. Global Synthetic Fuel Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Synthetic Fuel Market, key trends 2022
FIG 5. Global Synthetic Fuel Market, growth prospects 2023-2030
FIG 6. Global Synthetic Fuel Market, porters 5 force model
FIG 7. Global Synthetic Fuel Market, pest analysis
FIG 8. Global Synthetic Fuel Market, value chain analysis
FIG 9. Global Synthetic Fuel Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Synthetic Fuel Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Synthetic Fuel Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Synthetic Fuel Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Synthetic Fuel Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Synthetic Fuel Market, regional snapshot 2020 & 2030
FIG 15. North America Synthetic Fuel Market 2020 & 2030 (USD Billion)
FIG 16. Europe Synthetic Fuel Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Synthetic Fuel Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Synthetic Fuel Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Synthetic Fuel Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


More Publications