Synthetic natural gas (SNG) market is anticipated to grow at a significant CAGR of 13.8% during the forecast period (2024-2031). The market growth is attributed to the increasing Innovation in waste management and a rise in government efforts to spend heavily on the development of renewable energy sources to reduce carbon emissions and provide a steady supply globally. Natural gas equipment can continue to run by using gasification, which is a common on-site industrial process that produces electricity and SNG from a coal source.
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Synthetic natural gas as a transport fuel offers important benefits to consumers, the environment, and the economy. It provides a quick and cost-effective way to meet key objectives, including decarbonizingdecarbonizing road transport and improving air quality in cities. SNG can replace fossil fuels with a low-carbon or even carbon-free alternative, depending on the source of fuel. In all applications, it can be combined and utilized in place of natural gas. SNG that has been compressed or liquefied can be moved or kept in the gas infrastructure. Synthetic natural gas also offers important synergies with biomethane from waste and biomass or synthetic gas produced using wind and solar energy. When using renewable gas, quasi-carbon-neutral mobility is achieved without any impact on the infrastructure and vehicle technology.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Synthetic Natural Gas Market Report Segment
By Technology
- Anaerobic digestion & fermentation
- Power-to-gas
- Thermal gasification
- Moving bed gasifier
- Fluidized bed gasifier
- Entrained flow gasifier
- Others (Steam Reforming)
By Source
- Coal
- Biomass
- Renewable energy
By Application
- Transportation
- Power generation
- Industrial
- Grid injection
Global Synthetic Natural Gas Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global synthetic natural gas market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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