Coal To Liquid (CTL) Market Size, Share & Industry Analysis, By Liquefaction Process (Direct Coal Liquefaction , Indirect Coal Liquefaction), By Product (Diesel, Gasoline, Other Fuels) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI105504 | Status : Ongoing

KEY MARKET INSIGHTS

Coal is an important fuel utilized worldwide to generate electricity, while petroleum fuels are commonly utilized in vehicles. Coal and petroleum fuels both majorly possess carbon, which makes the conversion of coal to liquid fuel more feasible. The production of liquid fuel from coal is also known as coal-to-liquid (CTL) technology or coal liquefaction. In this process, the produced liquid is a high-grade, clean fuel suitable for use in transport. Coal liquefaction provides various benefits. In terms of power generation, coal liquefaction is considered less expensive. Infrastructure and logistical requirements for processing and transportation of coal are lower than those for other fossil fuels such as oil and gas.

Based on the liquefaction process, the global coal to liquid (CTL) market is segmented into direct coal liquefaction and indirect coal liquefaction. Indirect coal liquefaction is the most widely used liquefaction technology. This process produces high-value and clean-burning fuels. Synthetic fuel produced using this technology can be used in conventional engines without any modification and adds to improved combustion with lower emissions. The direct coal liquefaction process is also expected to contribute significantly during the forecast period. This process is suitable for wide ranges of feeds including high-velocity bituminous coals, sub-bituminous coals with low cash, and lignites with low cash.

Based on product, the global coal to liquid (CTL) market segmented diesel, gasoline, and other fuels. Diesel produced from CTL processes has several potential advantages. Diesel produced from crude oil contains aromatics, which on combustion produces particulates. But, diesel produced form liquefaction of coal do not contain aromatics and hence it burns much cleaner and overcome one of the major objection of diesel combustion.

Abundant availability of coal, depleting petroleum reservoirs, increased awareness about the technical expertise related to the conversion process among industrialists, and growth of transportation sector in developing nation are some factor drive the coal to liquid fuel market. As synthetic fuels obtained from the conversion of coal are cleaner than those extracted from natural reservoirs, thus the demand for coal liquefaction has increased, owing to wide support from regulatory authorities worldwide. However, the high initial investment coupled with adverse impacts on the environment from large-scale CTL plants is a major restraining factor for the global market.

Key Market Driver -

Abundant availability of coal

Key Market Restraint -

High initial investment

Key Players Covered:

Some of the major companies in the global coal to liquid market are Shenhua Group, Sasol, Linc Energy, DKRW Energy, Bumi plc, Monash Energy, Yitai Yili Energy Co., Celanese Corporation, Altona Energy, and Envidity Energy Inc.

Regional Analysis:

The global coal to liquid market is studied across different regions like North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific dominated the global market and is expected to grow at a significant pace during the forecast period. The majority of the CTL plants are concentrated around China and a few in India and Indonesia. The abundant availability of coal reserves in these countries is responsible for the rapid growth of the sector. China and India are expected to be the dominant regional coal to liquid fuel markets in the coming years due to the growing transportation sector in these countries. North America & Europe are expected to contribute notably to the global market due to the high demand for clean fuel.

To gain extensive insights into the market, Request for Customization

Segmentation

ATTRIBUTES	DETAILS
By Liquefaction Process	Direct Coal Liquefaction Indirect Coal Liquefaction
By Product	Diesel Gasoline Other Fuels
By Geography	North America (U.S. and Canada) Europe (UK, Germany, France, Spain, Italy, and Rest of Europe) Asia Pacific (Japan, China, India, Southeast Asia, and Rest of Asia Pacific) Latin America (Brazil, Mexico, and Rest of Latin America) Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

Key Industry Developments

In September 2020, Coal India Ltd (CIL) has launched a global tender inviting potential bidders to build what it claims to be the country’s first coal to methanol (C2M) plant in West Bengal, with an investment of INR 60 bn (US$ 813.1 Million).

In July 2017, the CSIR-Central Institute of Mining and Fuel Research (CSIR-CIMFR), installs and commissions first-of-its-kind coal to liquid (CTL) pilot plant for producing diesel and gasoline from coal.

REQUEST SAMPLE

SPEAK TO ANALYST

PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

Multi-report Purchase Plan

Energy & Power Clients

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry

Get in Touch with Us

US +1 833 909 2966 ( Toll Free )

UK +44 808 502 0280 ( Toll Free )
+91 744 740 1245 (APAC)
[email protected]