Syngas and Derivatives Market | Global Industry Report, 2031

Jayashri07 Oct, 2022Business

The global syngas market has witnessed significant rise in its size recently. Syngas is a fuel gas mixture, which consists of hydrogen, carbon monoxide, and a small amount of carbon dioxide. Syngas is specifically used as a fuel for producing other chemicals. The increasing need to decrease dependency on fossil fuels due to their restricted availability is one of the key factors driving the global syngas and derivatives market. The syngas and derivatives market is expected to grow at a significant rate during the forecast period due to the rapidly rising population and surging demand for electricity and syngas and derivatives for fuel & agricultural products.