Global Coal to Liquid Fuel (CTL) Market: Urge to Overcome Petroleum Dependency Fueling Demand, finds TMR

The abundant availability of coal, especially liquid fuels, is the primary driver in the global market for coal liquid fuel market, finds a new study by Transparency Market Research (TMR). The report, titled “Coal to Liquid Fuel (CTL) Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013–2019,” is a collection of detailed data on the various segments of the global market. It profiles some of the prominent companies currently operating in this market and highlights the key trends that are expected to influence the growth trajectory. Evaluating all the favorable factors as well restraints, the report projects a healthy CAGR during the forecast period of 2013 to 2019.

The report observes that coal and liquid petroleum are two of the most common fuels across the world, used to produce electricity and in automobiles. Since both coal and liquid petroleum are made of hydrocarbons, the conversion is easy and the process has gained popularity in recent years due to depleting petroleum resources. The study evaluates that the demand in the global market for CTL is increasing due to the urge to overcome the high dependency on petroleum.

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Apart from abundance of coal, it has been concluded that synthetic fuels obtained from conversion of coal are often cleaner than those extracted from natural reservoirs. This eco-friendly characteristic of CTL is gaining support from regulatory authorities across the globe and thereby propelling the market. Moreover, technological advancements in the oil and gas industry have fueled market growth since the technological knowledge of the conversion process is readily available.

CTL also find application as cooking fuel. For example, dimethyl ether is slowly but swiftly replacing popular LPG as it is nontoxic and generates fairly less carbon monoxide. The rapid urbanization across various emerging economies is prompting investments in the market for the discovery and development of cleaner sources of energy.

Conversely, the report finds that the high costs of the process is the primary restraint on the growth of the global market for coal to liquid fuel. This process is economically feasible when the prices of oil are high. Currently, with falling oil prices, even multinational giants are expected to struggle to fund industrial-scale production of CTL.

The global market for coal to liquid fuel can be segmented on the basis on process and geography. By process, the market is segmented into direct liquefaction and indirect liquefaction. Country-wise, currently China, the U.S., India, Australia, Russia, and South Africa are the most significant markets for coal to liquid technology. These countries have vast coal resources, which is expected to sustain the growth of the market due to a thriving transportation sector.

Some of the prominent companies currently active in the coal to liquid fuel market are Shenhua, Sasol, DKRW Energy, Linc Energy, Bumi plc, and Monash Energy.

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