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Synthetic fuel is believed to be an alternative to fossil fuels in the future energy economy. Since the fuel production process will be capturing carbon dioxide during the process and be fed for further production of fuels, many industry players are investing in enhancing the existing synthetic fuel and boosting research and development activities.
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Opportunity Analysis and Industry Forecast, 2016-2023 • Synthetic Fuel Market • by Raw Material (Coal, Natural Gas, Food-crop/Plant Based, Non-food Crop Based), by Type (Extra Heavy Oils, Gas to Liquid Oils, Shale Oils, Coal to Liquid, Biomass to Liquid, Others), by Application (Gasoline, Diesel, Kerosene): Global Opportunity Analysis and Industry Forecast, 2021-2031 • Pages: 350 Tables: 130 Charts: 78
Global Synthetic Fuel Market Outlook (2021 – 2031) • Top Impacting Factors: • The global synthetic fuel market was valued at $3.9 billion in 2021 and is projected to reach $22.5 billion by 2031, growing at a CAGR of 19.7% from 2022 to 2031. • The synthetic fuel market has been analyzed in terms of value (billion) covering more than 15 countries. • The carbon captured during the process can be further used as raw material for producing gasoline, diesel, and natural gas. • By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. • Pages: 350 Tables: 130 Charts: 78
Global Synthetic Fuel Market Outlook (2021 – 2031) • These fuels exhibit the same properties as fossil fuels. • Synthetic fuel is believed to be an alternative to fossil fuels in the future energy economy. • The synfuel market growth is driven by the diversification of the primary energy mix. • The government is also investing and encouraging private players to invest in enhancing the present synthetic fuel production technology. • Carbon dioxide is considered a major contributor to this climate change and hence all economies across the globe are acting to reduce their carbon footprint. • Pages: 350 Tables: 130 Charts: 78
Global Synthetic Fuel Market Outlook (2021 – 2031) • Key Findings of Global Synthetic Fuel Market : • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the synthetic fuel market analysis from 2021 to 2031 to identify the prevailing synthetic fuel market opportunities. • The market research is offered along with information related to key drivers, restraints, and opportunities. • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network. • In-depth analysis of the synthetic fuel market segmentation assists to determine the prevailing market opportunities. • Major countries in each region are mapped according to their revenue contribution to the global market. • Pages: 350 Tables: 130 Charts: 78
Global Synthetic Fuel Market Outlook (2021 – 2031) • The key players profiled in the report include: • Sasol Limited • PetroChina Company Limited • Shell Plc • Synhelion SA • Phillips 66 Company • Bosch Ltd, Reliance Industries Ltd • Exxon Mobil Corporation • L'Air Liquide S.A. • Indian Oil Corporation Ltd • Pages: 350 Tables: 130 Charts: 78
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