Global Coal to Liquid Market – Industry Analysis and Forecast (2020-2027)

Mkashid30 Jun, 2021Business

Increasing demand for liquid fuel in transportation sector across the globe is a major factor for growing the global coal to liquid market. Moreover, presence of plentiful coal reserves globally, coupled with rising demand for low carbon-emitting fuels are some other factors projected to propel growth of the target market. Technological advancements coupled with sustained growth of the liquid fuels demand for transportation are the factor driving the global coal to liquid market. High capital expenditure associated with liquefaction process equipment and plants, and stringent government regulations imposed on emission of greenhouse gases and carbon, are estimated to hamper growth of the market over the forecast period.