Coal to Liquid Market is estimated to be US$ 5.304 billion by 2030 with a CAGR of 3.0% during the forecast period

[Amar Yadav]

Coal to Liquid Market accounted for US$ 4.154 billion in 2020 and is estimated to be US$ 5.304 billion by 2030 and is anticipated to register a CAGR of 3.0%. Coal liquefaction, the process of converting coal to a liquid fuel (CTL), permits coal to be used as an alternative to oil. Direct liquefaction and indirect liquefaction are the two ways for turning coal into liquid fuels. These processes can produce a wide range of products, including ultra-clean petroleum and diesel, synthetic waxes, lubricants, chemical feedstocks, and alternative liquid fuels like methanol and dimethyl ether (DME). CTL fuel is currently available in existing transportation markets and may be distributed by pipeline in nations such as the United States.
The report " Global Coal to Liquid Market, By Technology (Direct Coal Liquefaction (DCL) and Indirect Coal Liquefaction (ICL)), By Application (Transportation Fuel, Cooking Fuel, and Others (Lubricant, Chemical Feedstock, and Synthetic Wax)), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) - Trends, Analysis, and Forecast till 2029’’
Key Highlights:
• In 2020, Coal India NSE -1.34 percent Ltd, a state-run company, has issued a global tender for the construction of the country's first coal-to-methanol facility in West Bengal, at a cost of Rs 6,000 crore. The company is in talks with Indian Oil Corporation and other government-owned oil corporations about forming a long-term marketing partnership for methanol.
Analyst View:
The coal to liquid fuel market is driven by abundant coal availability, deteriorating petroleum reservoir levels, increased awareness of technical expertise related to the conversion process among industrialists, and the growth of the transportation sector in developing countries such as India and China. Because synthetic fuels made from coal conversion are cleaner (more environmentally friendly) than those made from natural reservoirs, demand for coal liquefaction has grown, thanks to widespread governmental support around the world. However, if crude oil prices rise, the cost of converting coal to liquid fuel rises, making it difficult for important companies to manufacture on a large scale, which is projected to limit market expansion. Furthermore, rising global energy demand, high commodity prices, and rapid economic growth in developing countries all give market expansion potential.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Coal to Liquid Market, By Technology (Direct Coal Liquefaction (DCL) and Indirect Coal Liquefaction (ICL)), By Application (Transportation Fuel, Cooking Fuel, and Others (Lubricant, Chemical Feedstock, and Synthetic Wax)), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) - Trends, Analysis, and Forecast till 2029”
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Key Market Insights from the report:
Global Coal to Liquid Market accounted for US$ 4.154 billion in 2020 and is estimated to be US$ 5.304 billion by 2030 and is anticipated to register a CAGR of 3.0%. The global coal to liquid market report segments the market on the basis of technology, application, and region.
• Based on Technology, Global Coal to Liquid Market is segmented into Direct Coal Liquefaction (DCL) and Indirect Coal Liquefaction (ICL).
• Based on Application, Global Coal to Liquid Market is segmented into Transportation Fuel, Cooking Fuel, and Others (Lubricant, Chemical Feedstock, and Synthetic Wax).
• By Region, the Global Coal to Liquid Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of Global Coal to Liquid Market:
Key players in the global coal to liquid market includes, Chevron Corporation, Pall Corporation, Shenhua Group Corporation Limited, Yankuang Group Co. Ltd., DKRW Energy LLC, Inner Mongolia Yitai Coal Co., Ltd, Envidity Energy Inc., Sasol Limited, TransGas Development Systems LLC, and Oil India Ltd.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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