×
Request Free Sample ×

Kindly complete the form below to receive a free sample of this Report

* Please use a valid business email

Leading companies partner with us for data-driven Insights

clients tt-cursor
Hero Background

US Syngas Market

ID: MRFR/CnM/11204-CR
200 Pages
Chitranshi Jaiswal
April 2025

US Syngas Market Research Report By Feedstock (Plastic Waste, Biomass, Petroleum Coke), By Process (Steam Reforming, Partial Oxidation), By Gasifier (Fixed Bed, Entrained Bed), and By Application (Industrial Gases, Chemical Synthesis) - Forecast to 2035

Share:
Download PDF ×

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

US Syngas Market Infographic
×
US Syngas Market Infographic Full View
Purchase Options

US Syngas Market Summary

As per Market Research Future analysis, the US syngas market Size was estimated at 8.72 USD Billion in 2024. The US syngas market is projected to grow from 9.04 USD Billion in 2025 to 12.95 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 3.6% during the forecast period 2025 - 2035

Key Market Trends & Highlights

The US syngas market is poised for growth driven by technological advancements and increasing demand for clean energy solutions.

  • Technological innovations are enhancing the efficiency of syngas production processes.
  • The largest segment in the US syngas market is the industrial applications sector, which is experiencing robust growth.
  • Regulatory support is fostering a favorable environment for syngas development and deployment.
  • Rising industrial applications and investment in infrastructure are key drivers propelling market expansion.

Market Size & Forecast

2024 Market Size 8.72 (USD Billion)
2035 Market Size 12.95 (USD Billion)
CAGR (2025 - 2035) 3.66%

Major Players

Air Products and Chemicals Inc (US), Linde plc (IE), Siemens AG (DE), Shell Global Solutions International B.V. (NL), Thyssenkrupp AG (DE), BASF SE (DE), SABIC (SA), Mitsubishi Heavy Industries Ltd (JP), KBR Inc (US)

US Syngas Market Trends

The syngas market is currently experiencing a notable transformation, driven by a combination of technological advancements and increasing demand for cleaner energy sources. The shift towards sustainable practices has prompted various industries to explore syngas as a viable alternative to traditional fossil fuels. This market is characterized by a diverse range of applications, including electricity generation, chemical production, and fuel synthesis. As environmental regulations become more stringent, the syngas market is likely to expand, with stakeholders investing in innovative technologies to enhance production efficiency and reduce emissions. Moreover, the integration of renewable energy sources into the syngas production process appears to be gaining traction. This trend suggests a potential for syngas to play a crucial role in the transition towards a low-carbon economy. The collaboration between public and private sectors is essential in fostering research and development initiatives that could lead to breakthroughs in syngas technology. As the syngas market evolves, it may offer new opportunities for economic growth and energy security, aligning with national goals for sustainability and energy independence.

Technological Innovations

Recent advancements in gasification technologies are enhancing the efficiency of syngas production. These innovations are likely to lower operational costs and improve the overall sustainability of the process, making syngas a more attractive option for various industries.

Regulatory Support

The implementation of supportive policies and regulations by government entities is fostering growth in the syngas market. These measures aim to promote cleaner energy solutions, encouraging investments in syngas projects and infrastructure.

Increased Demand for Clean Energy

The rising awareness of environmental issues is driving demand for cleaner energy alternatives. As industries seek to reduce their carbon footprints, syngas is emerging as a preferred choice due to its versatility and lower emissions compared to conventional fuels.

Market Segment Insights

By Feedstock: Plastic Waste (Largest) vs. Biomass (Fastest-Growing)

In the US syngas market, the distribution of market share among feedstock options reveals that plastic waste is the largest contributor, capitalizing on an increasing need for sustainable waste management solutions. In contrast, biomass is on the rise, capturing a growing segment of the market as stakeholders focus on renewable energy sources and sustainable agricultural practices. The presence of governmental incentives further supports this transition toward more eco-friendly feedstock alternatives. The growth trends for the feedstock segment are driven primarily by the increasing adoption of circular economy practices, which emphasize the recycling of materials like plastic waste. Biomass emerges as the fastest-growing option due to its versatility and the ability to reduce greenhouse gas emissions significantly. Emerging technologies and investments in infrastructure are also vital drivers, allowing for efficient processing and conversion of these feedstocks into syngas.

Plastic Waste: Dominant vs. Biomass: Emerging

Plastic waste plays a dominant role in the feedstock segment, primarily due to the increasing focus on recycling initiatives and the need to address environmental concerns related to plastic pollution. It provides a viable source for syngas production, leveraging existing waste streams for energy. On the other hand, biomass is gaining traction as an emerging feedstock, recognized for its renewable nature and lower carbon footprint. Agricultural residues and organic materials serve as the foundation for biomass, appealing to markets aiming to transition towards more sustainable energy practices. Both feedstock types are poised to shape the future of energy production in the US syngas market.

By Process: Steam Reforming (Largest) vs. Partial Oxidation (Fastest-Growing)

The US syngas market exhibits a significant division in market share between the prominent segment of Steam Reforming and the emerging technique of Partial Oxidation. Steam Reforming commands the largest share due to its established processes and widespread applications in hydrogen production. Conversely, Partial Oxidation has been gaining traction as an innovative approach, offering advantages in efficiency and integration with renewable energy sources. This dynamic between the two methods illustrates the evolving landscape of syngas production. In recent years, the growth of the US syngas market has been driven by the demand for cleaner energy alternatives and the need for carbon capture technologies. As industries transition towards sustainable practices, Partial Oxidation is becoming a focal point due to its ability to leverage varied feedstocks and enhance productivity. The advancements in technology, coupled with supportive regulatory frameworks, have positioned Partial Oxidation as the fastest-growing segment within the market, while Steam Reforming continues to dominate due to its reliability and established infrastructure.

Process: Steam Reforming (Dominant) vs. Partial Oxidation (Emerging)

Steam Reforming remains the dominant method in the US syngas market, known for its high efficiency in producing hydrogen from natural gas. This process benefits from a long history of operational knowledge, making it the go-to choice for many existing facilities. On the other hand, Partial Oxidation is emerging as a viable alternative, particularly suitable for integrating with renewable energy sources and utilizing a wider range of feedstocks, including biomass and waste materials. As the market shifts towards sustainability, Partial Oxidation's ability to provide flexibility and lower emissions is increasingly appealing, leading to its rapid adoption within various sectors of the industry.

By Gasifier: Fixed Bed (Largest) vs. Entrained Bed (Fastest-Growing)

In the US syngas market, the Fixed Bed gasifier segment holds the largest share due to its well-established technology and efficiency in syngas production. Fixed Bed gasifiers are commonly employed in various industries, ensuring a stable demand and market presence. On the other hand, the Entrained Bed gasifier segment, while smaller, is witnessing rapid growth as industries seek advanced solutions for higher throughput and efficiency. This segment's technological innovations are enhancing its appeal among new market entrants and established players alike. The growth trend for Entrained Bed gasifiers is driven by the increasing adoption across several applications, including chemical production and power generation. Companies are investing in R&D to improve gasifier performance and reduce operational costs. The shift towards cleaner energy sources and sustainable practices is also contributing to the popularity of Entrained Bed technology, as it allows for efficient carbon capture and reduced emissions. Industry players must adapt to these changes to maintain competitiveness in the evolving landscape of the US syngas market.

Gasifier Technology: Fixed Bed (Dominant) vs. Entrained Bed (Emerging)

The Fixed Bed gasifier is a dominant technology in the US syngas market, known for its simplicity and effectiveness in converting solid feedstocks into syngas. Its design typically involves a stationary bed of solid materials, enabling high carbon conversion efficiency, making it ideal for various industrial applications. In contrast, the Entrained Bed gasifier is emerging as a popular choice due to its ability to process a wide range of feedstocks with minimal downtime. This technology operates under high temperatures and pressures, allowing for fast and efficient syngas production. As environmental concerns rise, the Entrained Bed gasifier shows promise in its ability to facilitate cleaner fuel options while maintaining competitive efficiency, thus appealing to an expanding market segment.

By Application: Industrial Gases (Largest) vs. Chemical Synthesis (Fastest-Growing)

In the US syngas market, the application of Industrial Gases holds a significant share, being the largest segment driven by the extensive use in various industries including metal processing and energy production. Meanwhile, Chemical Synthesis is emerging as a critical player, with advancements in technology driving innovation in production processes. These segments reflect the diverse applications of syngas, highlighting their crucial role in industrial operations and production processes. Growth trends indicate that the Industrial Gases segment will continue to thrive due to robust demand, supported by ongoing technological developments. In contrast, the Chemical Synthesis segment is experiencing rapid expansion, propelled by increasing investments in chemical industries and the growing demand for syngas as a feedstock for producing chemicals. This dual growth showcases the importance of both applications in the evolving landscape of the US syngas market.

Application: Industrial Gases (Dominant) vs. Chemical Synthesis (Emerging)

Industrial Gases represents the dominant application segment in the US syngas market, characterized by its established presence in numerous industrial processes. This includes critical operations in the production of ammonia, hydrogen, and methanol, bolstered by a strong infrastructure and supply chain. Meanwhile, Chemical Synthesis is gaining traction as an emerging segment, driven by increased focus on sustainable production and the integration of syngas in advanced chemical manufacturing processes. The synergy between innovation and demand for cleaner technologies positions Chemical Synthesis as a vital part of the future market landscape. Together, these segments illustrate the broad utility of syngas in supporting various industrial applications and advancements.

Get more detailed insights about US Syngas Market

Key Players and Competitive Insights

The syngas market exhibits a dynamic competitive landscape characterized by a blend of innovation, strategic partnerships, and a focus on sustainability. Key players such as Air Products and Chemicals Inc (US), Linde plc (IE), and Shell Global Solutions International B.V. (NL) are at the forefront, each leveraging distinct strategies to enhance their market positioning. Air Products and Chemicals Inc (US) emphasizes technological advancements in gasification processes, aiming to optimize efficiency and reduce emissions. Meanwhile, Linde plc (IE) focuses on expanding its global footprint through strategic collaborations, particularly in renewable energy projects, which aligns with the growing demand for cleaner energy solutions. Shell Global Solutions International B.V. (NL) is also investing heavily in digital transformation initiatives, enhancing operational efficiencies and customer engagement through advanced analytics and AI-driven solutions.

The business tactics employed by these companies reflect a concerted effort to localize manufacturing and optimize supply chains, thereby enhancing responsiveness to market demands. The competitive structure of the syngas market appears moderately fragmented, with several players vying for market share. However, the collective influence of these key players is significant, as they drive innovation and set industry standards that smaller companies often follow.

In September 2025, Air Products and Chemicals Inc (US) announced a groundbreaking partnership with a leading renewable energy firm to develop a new facility aimed at producing green hydrogen from syngas. This strategic move not only underscores Air Products' commitment to sustainability but also positions the company as a leader in the transition towards cleaner energy sources. The facility is expected to significantly reduce carbon emissions, aligning with global climate goals and enhancing the company's competitive edge.

In October 2025, Linde plc (IE) unveiled its latest carbon capture technology, designed to integrate seamlessly with existing syngas production facilities. This innovation is poised to enhance the sustainability of syngas production by capturing up to 90% of CO2 emissions. The introduction of this technology reflects Linde's proactive approach to addressing environmental concerns while simultaneously improving operational efficiency, thereby reinforcing its market position.

In August 2025, Shell Global Solutions International B.V. (NL) launched a new digital platform aimed at optimizing syngas production processes through real-time data analytics. This initiative is indicative of Shell's broader strategy to integrate digital solutions into its operations, enhancing decision-making and operational efficiency. By leveraging data analytics, Shell aims to reduce costs and improve the reliability of its syngas production, which could lead to a competitive advantage in a rapidly evolving market.

As of November 2025, the competitive trends within the syngas market are increasingly defined by digitalization, sustainability, and the integration of AI technologies. Strategic alliances among key players are shaping the landscape, fostering innovation and collaboration. The shift from price-based competition to a focus on technological advancement and supply chain reliability is evident, suggesting that future competitive differentiation will hinge on the ability to innovate and adapt to changing market demands.

Key Companies in the US Syngas Market include

Industry Developments

Recent developments in the US Syngas Market have seen various companies making significant strides, particularly in advancing gasification technologies and producing cleaner energy solutions. Companies like Air Products and Chemicals and Linde have been investing in innovative projects aimed at enhancing syngas production efficiency while reducing carbon emissions. In July 2023, it was noted that ExxonMobil and the Gas Technology Institute announced a collaboration focusing on syngas and carbon capture technologies, aiming for more sustainable energy solutions. 

Additionally, Valero Energy has been exploring syngas generation through renewable sources, supporting the transition to greener fuels. In terms of mergers and acquisitions, in May 2023, it was disclosed that Chart Industries acquired certain assets of a key competitor, aiming to expand its footprint in the US market. There has also been notable growth in the market valuation of companies, primarily driven by the increasing demand for sustainable energy sources and government initiatives promoting gasification and carbon management technologies. 

The commitment of major players like SABIC Innovative Plastics and Shell indicates a robust interest in diversifying syngas applications across various sectors, such as chemicals and fuels. Overall, the US Syngas Market is witnessing transformative changes conducive to a more sustainable energy future.

Future Outlook

US Syngas Market Future Outlook

The syngas market is projected to grow at 3.66% CAGR from 2024 to 2035, driven by increasing demand for clean energy and technological advancements.

New opportunities lie in:

  • Development of integrated gasification combined cycle (IGCC) plants
  • Expansion of syngas production from biomass feedstocks
  • Investment in carbon capture and storage (CCS) technologies for syngas facilities

By 2035, the syngas market is expected to achieve substantial growth and innovation.

Market Segmentation

US Syngas Market Process Outlook

  • Steam Reforming
  • Partial Oxidation

US Syngas Market Gasifier Outlook

  • Fixed Bed
  • Entrained Bed

US Syngas Market Feedstock Outlook

  • Plastic Waste
  • Biomass
  • Petroleum Coke

US Syngas Market Application Outlook

  • Industrial Gases
  • Chemical Synthesis

Report Scope

MARKET SIZE 20248.72(USD Billion)
MARKET SIZE 20259.04(USD Billion)
MARKET SIZE 203512.95(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)3.66% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies Profiled["Air Products and Chemicals Inc (US)", "Linde plc (IE)", "Siemens AG (DE)", "Shell Global Solutions International B.V. (NL)", "Thyssenkrupp AG (DE)", "BASF SE (DE)", "SABIC (SA)", "Mitsubishi Heavy Industries Ltd (JP)", "KBR Inc (US)"]
Segments CoveredFeedstock, Process, Gasifier, Application
Key Market OpportunitiesAdvancements in carbon capture technologies enhance syngas market sustainability and regulatory compliance.
Key Market DynamicsRising demand for cleaner energy sources drives innovation and investment in syngas production technologies.
Countries CoveredUS

Leave a Comment

FAQs

What is the expected market size of the US Syngas Market in 2024?

The US Syngas Market is expected to be valued at 9.5 billion USD in 2024.

What is the projected market size of the US Syngas Market by 2035?

By the year 2035, the US Syngas Market is projected to reach a value of 18.1 billion USD.

What is the expected compound annual growth rate (CAGR) for the US Syngas Market from 2025 to 2035?

The expected CAGR for the US Syngas Market from 2025 to 2035 is 6.035 percent.

What are the key feedstock segments in the US Syngas Market?

The key feedstock segments include Plastic Waste, Biomass, and Petroleum Coke.

What is the market value of the US Syngas segment for Plastic Waste in 2024?

The market value for the Plastic Waste segment is projected to be 3.8 billion USD in 2024.

How much is the Biomass feedstock expected to be valued in the US Syngas Market by 2035?

By 2035, the Biomass feedstock in the US Syngas Market is expected to be valued at 5.5 billion USD.

Which major companies are key players in the US Syngas Market?

Key players include Dow, SABIC Innovative Plastics, Valero Energy, and Air Products and Chemicals, among others.

What is the expected market value for Petroleum Coke in the US Syngas Market in 2024?

The expected market value for Petroleum Coke in 2024 is 2.7 billion USD.

What opportunities and trends are emerging in the US Syngas Market?

Emerging trends include increased adoption of sustainable feedstocks and advancements in gasification technologies.

What challenges does the US Syngas Market currently face?

The US Syngas Market currently faces challenges related to regulatory compliance and the volatility of feedstock prices.

Download Free Sample

Kindly complete the form below to receive a free sample of this Report

Compare Licence

×
Features License Type
Single User Multiuser License Enterprise User
Price $4,950 $5,950 $7,250
Maximum User Access Limit 1 User Upto 10 Users Unrestricted Access Throughout the Organization
Free Customization
Direct Access to Analyst
Deliverable Format
Platform Access
Discount on Next Purchase 10% 15% 15%
Printable Versions