Gas to Liquid (GTL) Market: Information Report by Product (GTL Diesel and GTL Naphtha), by Application (Fuel Oil, Lubricating Oil, Process Oil and others) and by Region (Americas, Middle-East & Africa and RoW (Europe & APAC)) - Global Forecast To 2030

Gas To Liquid (Gtl) Market Overview

Gas to Liquid (GTL) Market is predicted to grow at USD 17,563.9 Million by the end of 2025 with a 5.91% CAGR, during the forecast period.

Gas to liquid (GTL) is a refinery process where the natural gas is converted into the longest chain hydrocarbon such as diesel fuel or gasoline. This process is generally used to convert methane-rich gases into high-quality liquid synthetic fuels. The rising concerns for the depletion of fossil fuel and the increase in the demand for alternative sources of energy are predicted to boost the growth of the gas to liquid (GTL) market over the forecast period.

The global gas to liquid (GTL) market value was around USD 8.4 Billion in the year 2014 and it is predicted to grow at a CAGR of 6.5% from 2015 to 2022. The rise in the demand for the Fischer tropsch (FT) in order to monetize the fossil fuels which are about to extinct or inaccessible for use is likely to raise the demand for the technology. Scarcity of the natural gases and the rise in the demand from the end-use industry around the world are predicted to influence alternative energy providers. The gas to liquid (GTL) market is divided into GTL diesel and GTL naphtha, depending on the quality, the GTL diesel segmented is dominating the market and GTL naphtha holds the second-largest position in the market, it is basically an alternative of feedstock for the chemical manufacturing which helps to make the plastic building blocks. However, the conversion of methane-rich gases into the liquid synthetic fuel is likely to boost the technology growth of the gas-to-liquid (GTL) market.

This report contains all the information on the global gas to liquid (GTL) market research and the market strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the global gas to liquid (GTL) market and forecast to 2025 is also included in the report.

Competitive Landscape

There are several strategic approaches including mergers & acquisitions, collaboration, launches of new technology, and expansion in the global gas to liquid (GTL) market trends. The leading players of the industry are making development activities and strategic investments in the market and they are also focusing on their expansion plans. The leading key players of the market are focusing on investing in the plantation of the gas to liquid (GTL) plants.

Major Key Players

•         Royal Dutch Shell (Netherlands)


•         Chevron Corporation (US)


•         Sasol Limited (South Africa)


•         Petro SA (South Africa)


•         Velocys PLC (US)


•         ORYX GTL (Qatar)


•         OLTIN YO’L GTL (Uzbekistan)


•         Linc Energy (Australia)


•         Compact GTL (UK)


•         Primus Green Energy (US)


•         Gas Techno (US)


•         NRG Energy (US)

Covid 19 Analysis

The gas to liquid (GTL) market is witnessing a negative impact on the demand due to the outbreak of the covid 19 pandemic. On the basis of the gas to liquid (GTL) market analysis, the global market will manifest a lower growth of 27% in the year 2020, as compared to the average year-on-year growth from 2016 to 2019. The global gas to liquid (GTL) market has suffered from loss due to a huge gap in the supply-demand chain for the hydrocarbon products and along with that due to the restricted drilling and production procedure, there is huge scarcity in the availability of the raw materials which is likely to hinder the growth of the market. 

Moreover, the decline in the demand for diesel, fuel, gasoline, and kerosene due to the complete lockdown in the residential, commercial, transportation, and industrial places has hampered the growth of the gas to liquid (GTL) market.

Market Dynamic

•         Drivers

The availability of various products that offer superior combustion properties and leaves a low amount of carbon products as compared to crude oil products is considered as the major driving factor for the growth of the global gas to liquid (GTL) market. The reduction in carbon discharge is the prime goal of various nations in order to amelioration of the ozone layer and other global warming problems. Thus the gas to liquid (GTL) market size is expected to witness tremendous growth in the future.

Furthermost, the support of the government for the production of clean fuel, the rise in the demand for energy, and inventiveness for the conversion of the natural gas into a liquid are some other major factor that is adding fuel to the growth of the global gas to liquid (GTL) market.

•         Opportunities

The rise in the consumption of natural gas in developing countries such as Japan, India, and china by replacing conventional reactors with small-sized microchannel reactors can create various opportunities for the gas to liquid (GTL) market. From the past few years, many big companies have taken the initiative of developing synthetic fuels from natural gases by using liquid technology.

According to the reports of the World Bank, about 150 billion cubic meters of natural gas which is freely available in nature can be transfigured into functional liquid fuels by using gas to liquid technologies.

•         Restraints

The high cost in the development of gas to liquids plants with fixed reactors and the size constraints of slurry based are likely to restraints the gas to liquid (GTL) market growth. The execution of strict rules for the usage of clean energy generation resources is also a major factor restraining the growth of the market by creating hurdles in the demand for GTL technology.

The rise in the demand for the installation of the low carbon energy generation in order to control the rise in the cordon dioxide in the atmosphere along with that the methods of tackling the rise in the temperature problem may put a tremendous effect on the gas to liquid (GTL) market outlook.

•         Challenges

The gas to liquid (GTL) supply a means to monetize small gas reserves or otherwise, it would endure stranded due to their low volumes. In the regions where there is no availability of supporting pipeline infrastructure in the area, the major challenges arise here while monetizing small gas reserves discoveries in these regions. In such cases, the construction of new pipelines for the transportation of low volumes of gases is completely inefficient.

Cumulative Growth Analysis

According to the market reports, the valuation of the gas to liquid (GTL) market is expected to reach USD 20,387.33 million by the end of 2025. The Middle East and Africa are predicted to be prominent regions for the gas to liquid (GTL) market. In this region, Qatar is predicted to hold the maximum market share as Qatar is a global leader in GTL technologies and it also has the low GTL operational facilities in this region.

Value Chain Analysis

According to the market research report, the global gas to liquid (GTL) market has been segmented on the basis of product, application, and region. Based on the application, the global gas to liquid (GTL) market is segmented on the basis of fuel oil, process oil, lubricating oil, and others. Fuel oil is used in the apparatus in generating heat and energy and in the boilers in the manufacturing operation. Fuel oil, expected to hold the largest share in the global gas to liquid (GTL) market share because it helps to improvise the performance and reliability of the entire boiler system. On the other hand, lubricating oil is expected to hold the second-largest share in the market due to its marvelous oxidation stability and low viscosity. It also helps in the zero generation of sulfur and nitrogen at a low temperature.

Gas to liquid (GTL) process oils are used in technical industries and also in a number of chemicals, it can be used as an aid to processing or as raw materials. It also has thermal stability along with outstanding light.

Based on the technology, the global gas to liquid (GTL) market is segmented into Fischer-tropsch (FT), methanol to gasoline (MTG), and syngas. The Fischer – tropsch (FT) is predicted to hold a magnificent share in the market over the forecast period.

Segmentation Overview

The market is segmented on the basis of the product, application, and region. The global gas to liquid (GTL) market is expected to witness decent growth during the forecast period.

• By Application

Based on the application, the market is segmented into fuel oil, process oil, lubricating oil and others

• By End-Users

Based on the propulsion types, the market is segmented into three types into Fischer-tropsch (FT), methanol to gasoline (MTG), and syngas.

Regional Analysis

On the basis of the regions, the global gas to liquid (GTL) market is segmented into North America, the Middle East & Africa, and the Rest of the World. The Asia Pacific market is predicted to hold the largest share in the gas to liquid (GTL) market revenue and it is expected to dominate the market over the forecast period. The rise in the imitativeness of the government in developing countries such as India, Singapore, Indonesia, Malaysia, and China, to satisfy the demand for energy consumption is the major key factor for the growth of the gas to liquid (GTL) market in this region.

On the other hand, Middle East Africa is expected to maintain considerable growth in the market in terms of revenue in the upcoming period. The majority of the GTL plants are located in Qatar, Nigeria, South Africa, and Mozambique in this region. Qatar is considered as one of the leading leaders in the global gas to liquid (GTL) market industry.

Report Overview

The following report comprises of

•          Market overview 


•         Covid 19 Analysis


•         Market Dynamic


•         Drivers


•         Opportunities


•         Restraints 


•         Challenges


•         Cumulative Growth Analysis


•         Value Chain Analysis


•         Segmentation Overview 


•         By Application 


•         By End-Users


•         Regional Analysis


•         Competitive landscape

Recent Developments

• In January 2015, Royal Dutch Shell opened its GTL base oil plant in Jebel Ali, UAE (United Arab Emirates). The products manufactured supplied to the clienteles in India, Egypt, Pakistan, and South Africa.

Global Gas to Liquid Market Segmentation

Segmentation by Product Type

• GTL Diesel


• GTL Naphtha

Segmentation by Technology

• Methanol to Gasoline (MTG)


• Fischer-Tropsch (FT)


• Syngas

Segmentation by Application

• Fuel Oil


• Lubricating Oil


• Process Oil

Segmentation by Region

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • UK
  
  
  • France
  
  
  • Italy
  
  
  • Spain
  
  
  • Russia
  
  
  • Rest of Europe
  
  
  
  


• Asia Pacific
  
  
  
  • China
  
  
  • India
  
  
  • Japan
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia Pacific
  
  
  
  


• Latin America
  
  
  
  • Brazil
  
  
  • Mexico
  
  
  • Rest of Latin America
  
  
  
  


• The Middle East and Africa
  
  
  
  • GCC
  
  
  • South Africa
  
  
  • Rest of the Middle East and Africa
  
  
  
  

Report Scope:

Report Attribute/Metric	Details
Market Size	2025: USD 20,387.33 Million 2030 : Significant value
CAGR	7.55% CAGR (2022-2030)
Base Year	2021
Forecast Period	2022 to 2030
Historical Data	2019 & 2020
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Product, Application
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	Royal Dutch Shell (Netherlands), Chevron Corporation (US), Sasol Limited (South Africa), Petro SA (South Africa), Velocys PLC (US), ORYX GTL (Qatar), OLTIN YO’L GTL (Uzbekistan), Linc Energy (Australia), Compact GTL (UK), Primus Green Energy (US), Gas Techno (US), NRG Energy (US)
Key Market Opportunities	Consumption of natural gas Replacing conventional reactors with small-sized microchannel
Key Market Drivers	Low amount of carbon products Compared to crude oil products

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