Synthetic Fuel Market By Raw Material (Coal, Natural Gas, Food-crop/Plant Based, Non-food Crop Based), By Type (Extra Heavy Oils, Gas to Liquid Oils, Shale Oils, Coal to Liquid, Biomass to Liquid, Others), By Application (Gasoline, Diesel, Kerosene): Global Opportunity Analysis and Industry Forecast, 2021-2031

Synthetic Fuel Market

Synthetic fuel or also known as synfuel or syngas. They are sustainable fuels which is a step towards a carbon-neutral economy. The continuous search for alternative fuels aimed at reducing carbon emissions has directed the world towards renewable and sustainable sources of energy. The primary energy mix is being slowly transitioned to lower the dependencies on fossil fuel. This encourages the growth of synthetic fuel industry growth.

The synthetic fuel market size is segmented into raw material, type, application, and region. By raw material, the market is divided into coal, natural gas, food-crop/plant-based, and non-food crop based. Coal is one of the major contributors to electricity generation. It is a widely consumed fossil fuel and also a major contributor to air pollution and carbon emissions. According to bp Statistical Review of World Energy 2022, coal consumption rose by 6% in 2021. The dependence on coal increased in the year even though energy transition is being practiced by many countries. China and India are the major contributors to the increase in coal production as well as consumption.

Depending on the type, the synthetic fuel market division is done into extra heavy oils, gas to liquid oils, shale oils, coal to liquid, biomass to liquid, and others. Shale oil is produced from marlstone. It is another form of synthetic crude oil. Marlstone contains kerogen and is a naturally occurring substance that on exposure to extreme pressure and heat converts to crude oil which occurs over the period of million years. The same natural process can be done through industrial processes such as pyrolysis where kerogen present in shale oil can be converted to Syncrude. The production of Syncrude through shale oil is not a fully developed process and is done on a smaller scale. Oil shale is extremely abundant in regions of green river formation in the U.S. However, the conversion process results in a large number of waste rocks and requires water in great amounts; which leads to an increase in production cost and further adds to the final price of synthetic fuels making them costlier than the existing fuels.

Technological developments in the production process can provide a wide opportunity for synthetic fuel market growth which can consequently lower the wastage and reduced price. Fuels from atmospheric carbon, oil sands, and waste are other types of synthetic fuel. Oil sands are a mix of water, sand, clay, and bitumen. Bitumen is highly impure and requires a huge amount of water and energy for refining. Atmospheric carbon is also a source of producing synthetic fuel. Additionally, waste from landfills and tires contains organic matter that can be further processed and converted to synthetic fuel.  Canada is a major producer of sand oil mining. Strip mining and wastewater disposal is of grave concern in sand oil extraction and also involves high cost in the production of synthetic fuel. Similarly, producing synthetic fuel from waste requires special conditions. Producing synthetic fuel from atmospheric carbon requires huge investments. The process is termed as carbon-neutral theoretically, however, it is estimated that carbon production in this will be almost equal to the carbon consumed.

By application, the market is segmented into gasoline, diesel, and kerosene. Synthetic kerosene is a sustainable fuel and of great significance in reducing carbon footprint. It can be produced by capturing carbon and combining it with green hydrogen. Synthetic kerosene is majorly termed a sustainable aviation fuel (SAF). Synthetic kerosene can be used in existing aircraft. It contains no sulfur or aromatic ingredients and has lower carbon emissions. Such benefits of synthetic kerosene aid the market growth of synthetic fuel. For instance, in February 2021, a KLM Boeing 737 flew a scheduled passenger service from Amsterdam to Madrid fueled with 500 liters of certified synthetic kerosene, from a non-fossil fuel source, mixed with regular jet fuel.

Region-wise, the synthetic fuel market analysis is done across North America, Europe, Asia-Pacific, and LAMEA (Latin America, The Middle East, and Africa). In Asia-Pacific, major carbon-emitting economies and fossil fuel-dependent economies such as China, Japan, South Korea, and India have been leading their transition away from fossil fuels. Along with renewable sources such as wind and solar, the economies are also gearing up in developing production technologies for synthetic fuel. Governments are funding research and investing heavily in alternative fuels and offering subsidies to encourage the momentum in the industry. China and India are believed to leading in the region with the presence of significant industry players. The LAMEA’s growth in synthetic fuel is majorly led by Saudi Arabia and Brazil. The companies in the region are collaborating with automobile manufacturers, government organizations, and research institutes to develop and enhance the existing process as well as study the impact of synthetic fuels.

The key players operating in the synthetic fuel industry are Sasol, Indian Oil Corporation, Shell Plc, Exxon Mobil Corporation, Reliance, Robert Bosch GmbH, Air Liquide, PetroChina, Phillips 66, And SG Preston Company. Royal Schiphol Group is participating in two start-ups – Zenid and Synkero – that are making big leaps in the development and production of synthetic kerosene.

The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes porter’s five forces analysis to understand the competitive scenario of the industry and the role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key players to increase their market share and sustain the intense competition in the industry.

Key findings of the study

By raw material, natural gas is projected to grow at the highest CAGR of approximately 20.0%, in terms of during the synthetic fuel market forecast period

By type, gas-to-liquid oils dominated the synthetic fuel market share by over 20% in 2021

Overview

The global synthetic fuel market was valued at $3.9 billion in 2021 and is projected to reach $22.5 billion by 2031, growing at a CAGR of 19.7% from 2022 to 2031.

Synthetic fuel is man-made fuel that exhibits similar properties to that of conventional fuels. They are synthesized through a particular production process. They can be produced by capturing carbon from the atmosphere or from industrial processes. They are claimed to be carbon neutral since they capture carbon dioxide from the atmosphere, which offsets the emissions from the vehicles on the road. Moreover, hydrogen is produced through electrolysis for producing hydrocarbon chains. The input power for all processes involved is from renewable resources. This makes synthetic fuel carbon neutral.

Natural gas is a naturally occurring mixture of different gases which after processing are used in various applications suitable for human needs. It mainly consists of hydrocarbons such as methane and other gases in small amounts such as carbon dioxide, nitrogen, hydrogen sulfide, and helium. Natural gas is an abundant and major source of energy. It is a non-renewable energy resource and produces lower pollution and carbon emissions in comparison with other fossil fuels. Natural gas is converted into liquid form for storage, transportation, and use through gas-to-liquid technology (GTL). The global natural gas demand grew by 5.3% in 2021. China led the growth in increased global demand with around 60% contribution. GTL technology is used often to produce synthetic fuels, especially for use in diesel engines and heavy-duty diesel vehicles. GTL kerosene is one of the synthetic products that is made from natural gas which is applicable in jet fuels and metal cleaning.

Food crops or plant-based waste such as oils and fats including corn, and virgin vegetable oils, such as canola, soybean, and camelina are used for producing synthetic fuels and oils. Starch, cellulose, hemicellulose, and oils present in the crop are used for manufacturing ethanol, butanol, and other long hydrocarbon chains. The food crops are used as additives for diesel, gasoline, and jet fuels. Since synthetic fuel is produced from plant-based waste and captures carbon dioxide in the process, the fuel obtained is considered to be carbon neutral and hence encourages synthetic fuel market growth. 

The synthetic fuel industry is majorly driven by rising investments in research and development activities along with diversification of the energy mix. As global leaders are pushing towards a carbon-neutral economy, the rise in the search for sustainable and renewable sources of fuel is observed. This scenario is expected to provide great potential for the synthetic fuel industry. However, the presence of renewable alternatives and the high cost of synthetic fuels discourage market growth. Meanwhile, growing concerns over carbon emissions and rising awareness among consumers willing to switch to synthetic fuels is expected to offer wide opportunities for the industry.

The synthetic fuel market size is segmented into raw material, type, application, and region. By raw material, the market is divided into coal, natural gas, food-crop/plant-based, and non-food crop based. The natural gas segment is expected to grow at a higher CAGR followed by coal segment. Depending on the type, the synthetic fuel market bifurcation is done into extra heavy oils, gas to liquid oils, shale oils, coal to liquid, biomass to liquid, and others. gas to liquid segment is projected to grow at a higher pace during the projection period. it is estimated to be followed by coal to liquid and biomass to liquid segment. extra heavy oils will grow at a relatively slower pace owing to the energy transition from a fossil fuel-based economy to a cleaner low-carbon economy.

By application, the market is segmented into gasoline, diesel, and kerosene. The gasoline segment is expected to grow at a higher CAGR during the projection years. This is owed to the potential demand from the transportation industry for sustainable fuel. Region-wise, the synthetic fuel market analysis is done across North America, Europe, Asia-Pacific, and LAMEA (Latin America, The Middle East, and Africa). North America dominated the market growth ad is also expected to continue its dominance during the projection years.

The key players operating in the synthetic fuel industry are Sasol, Indian Oil Corporation, Shell Plc, Exxon Mobil Corporation, Reliance, Robert Bosch GmbH, Air Liquide, PetroChina, Phillips 66, And SG Preston Company. Royal Schiphol Group is participating in two start-ups – Zenid and Synkero – that are making big leaps in the development and production of synthetic kerosene.

The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes porter’s five forces analysis to understand the competitive scenario of the industry and the role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key players to increase their market share and sustain the intense competition in the industry.

Key Benefits For Stakeholders

●This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the synthetic fuel market analysis from 2021 to 2031 to identify the prevailing synthetic fuel market opportunities.

●The market research is offered along with information related to key drivers, restraints, and opportunities.

●Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.

●In-depth analysis of the synthetic fuel market segmentation assists to determine the prevailing market opportunities.

●Major countries in each region are mapped according to their revenue contribution to the global market.

●Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.

●The report includes the analysis of the regional as well as global synthetic fuel market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

○ Synhelion S

Scope of Synthetic Fuel Market Report

1.1. Report description

1.2. Key market segments

1.3. Key benefits to the stakeholders

1.4. Research Methodology

1.4.1. Primary research

1.4.2. Secondary research

1.4.3. Analyst tools and models

2.1. CXO Perspective

3.1. Market definition and scope

3.2. Key findings

3.2.1. Top impacting factors

3.2.2. Top investment pockets

3.3. Porter’s five forces analysis

3.3.1. Bargaining power of suppliers

3.3.2. Bargaining power of buyers

3.3.3. Threat of substitutes

3.3.4. Threat of new entrants

3.3.5. Intensity of rivalry

3.4. Market dynamics

3.4.1. Drivers

3.4.1.1. Diversification in the primary energy mix

3.4.1.2. Investment from private players boosting research and development

3.4.2. Restraints

3.4.2.1. A growing market for electric vehicles and alternative fuel

3.4.2.2. High cost of the fuel

3.4.3. Opportunities

3.4.3.1. High potential of different applications of synthetic fuels

3.5. COVID-19 Impact Analysis on the market

3.6. Patent Landscape

4.1. Overview

4.1.1. Market size and forecast

4.2. Coal

4.2.1. Key market trends, growth factors and opportunities

4.2.2. Market size and forecast, by region

4.2.3. Market share analysis by country

4.3. Natural Gas

4.3.1. Key market trends, growth factors and opportunities

4.3.2. Market size and forecast, by region

4.3.3. Market share analysis by country

4.4. Food-crop/Plant Based

4.4.1. Key market trends, growth factors and opportunities

4.4.2. Market size and forecast, by region

4.4.3. Market share analysis by country

4.5. Non-food Crop Based

4.5.1. Key market trends, growth factors and opportunities

4.5.2. Market size and forecast, by region

4.5.3. Market share analysis by country

5.1. Overview

5.1.1. Market size and forecast

5.2. Extra Heavy Oils

5.2.1. Key market trends, growth factors and opportunities

5.2.2. Market size and forecast, by region

5.2.3. Market share analysis by country

5.3. Gas to Liquid Oils

5.3.1. Key market trends, growth factors and opportunities

5.3.2. Market size and forecast, by region

5.3.3. Market share analysis by country

5.4. Shale Oils

5.4.1. Key market trends, growth factors and opportunities

5.4.2. Market size and forecast, by region

5.4.3. Market share analysis by country

5.5. Coal to Liquid

5.5.1. Key market trends, growth factors and opportunities

5.5.2. Market size and forecast, by region

5.5.3. Market share analysis by country

5.6. Biomass to Liquid

5.6.1. Key market trends, growth factors and opportunities

5.6.2. Market size and forecast, by region

5.6.3. Market share analysis by country

5.7. Others

5.7.1. Key market trends, growth factors and opportunities

5.7.2. Market size and forecast, by region

5.7.3. Market share analysis by country

6.1. Overview

6.1.1. Market size and forecast

6.2. Gasoline

6.2.1. Key market trends, growth factors and opportunities

6.2.2. Market size and forecast, by region

6.2.3. Market share analysis by country

6.3. Diesel

6.3.1. Key market trends, growth factors and opportunities

6.3.2. Market size and forecast, by region

6.3.3. Market share analysis by country

6.4. Kerosene

6.4.1. Key market trends, growth factors and opportunities

6.4.2. Market size and forecast, by region

6.4.3. Market share analysis by country

7.1. Overview

7.1.1. Market size and forecast By Region

7.2. North America

7.2.1. Key trends and opportunities

7.2.2. Market size and forecast, by Raw Material

7.2.3. Market size and forecast, by Type

7.2.4. Market size and forecast, by Application

7.2.5. Market size and forecast, by country

7.2.5.1. U.S.

7.2.5.1.1. Key market trends, growth factors and opportunities

7.2.5.1.2. Market size and forecast, by Raw Material

7.2.5.1.3. Market size and forecast, by Type

7.2.5.1.4. Market size and forecast, by Application

7.2.5.2. Canada

7.2.5.2.1. Key market trends, growth factors and opportunities

7.2.5.2.2. Market size and forecast, by Raw Material

7.2.5.2.3. Market size and forecast, by Type

7.2.5.2.4. Market size and forecast, by Application

7.2.5.3. Mexico

7.2.5.3.1. Key market trends, growth factors and opportunities

7.2.5.3.2. Market size and forecast, by Raw Material

7.2.5.3.3. Market size and forecast, by Type

7.2.5.3.4. Market size and forecast, by Application

7.3. Europe

7.3.1. Key trends and opportunities

7.3.2. Market size and forecast, by Raw Material

7.3.3. Market size and forecast, by Type

7.3.4. Market size and forecast, by Application

7.3.5. Market size and forecast, by country

7.3.5.1. Germany

7.3.5.1.1. Key market trends, growth factors and opportunities

7.3.5.1.2. Market size and forecast, by Raw Material

7.3.5.1.3. Market size and forecast, by Type

7.3.5.1.4. Market size and forecast, by Application

7.3.5.2. UK

7.3.5.2.1. Key market trends, growth factors and opportunities

7.3.5.2.2. Market size and forecast, by Raw Material

7.3.5.2.3. Market size and forecast, by Type

7.3.5.2.4. Market size and forecast, by Application

7.3.5.3. France

7.3.5.3.1. Key market trends, growth factors and opportunities

7.3.5.3.2. Market size and forecast, by Raw Material

7.3.5.3.3. Market size and forecast, by Type

7.3.5.3.4. Market size and forecast, by Application

7.3.5.4. Italy

7.3.5.4.1. Key market trends, growth factors and opportunities

7.3.5.4.2. Market size and forecast, by Raw Material

7.3.5.4.3. Market size and forecast, by Type

7.3.5.4.4. Market size and forecast, by Application

7.3.5.5. Spain

7.3.5.5.1. Key market trends, growth factors and opportunities

7.3.5.5.2. Market size and forecast, by Raw Material

7.3.5.5.3. Market size and forecast, by Type

7.3.5.5.4. Market size and forecast, by Application

7.3.5.6. Rest of Europe

7.3.5.6.1. Key market trends, growth factors and opportunities

7.3.5.6.2. Market size and forecast, by Raw Material

7.3.5.6.3. Market size and forecast, by Type

7.3.5.6.4. Market size and forecast, by Application

7.4. Asia-Pacific

7.4.1. Key trends and opportunities

7.4.2. Market size and forecast, by Raw Material

7.4.3. Market size and forecast, by Type

7.4.4. Market size and forecast, by Application

7.4.5. Market size and forecast, by country

7.4.5.1. China

7.4.5.1.1. Key market trends, growth factors and opportunities

7.4.5.1.2. Market size and forecast, by Raw Material

7.4.5.1.3. Market size and forecast, by Type

7.4.5.1.4. Market size and forecast, by Application

7.4.5.2. Japan

7.4.5.2.1. Key market trends, growth factors and opportunities

7.4.5.2.2. Market size and forecast, by Raw Material

7.4.5.2.3. Market size and forecast, by Type

7.4.5.2.4. Market size and forecast, by Application

7.4.5.3. India

7.4.5.3.1. Key market trends, growth factors and opportunities

7.4.5.3.2. Market size and forecast, by Raw Material

7.4.5.3.3. Market size and forecast, by Type

7.4.5.3.4. Market size and forecast, by Application

7.4.5.4. South Korea

7.4.5.4.1. Key market trends, growth factors and opportunities

7.4.5.4.2. Market size and forecast, by Raw Material

7.4.5.4.3. Market size and forecast, by Type

7.4.5.4.4. Market size and forecast, by Application

7.4.5.5. Australia

7.4.5.5.1. Key market trends, growth factors and opportunities

7.4.5.5.2. Market size and forecast, by Raw Material

7.4.5.5.3. Market size and forecast, by Type

7.4.5.5.4. Market size and forecast, by Application

7.4.5.6. Rest of Asia-Pacific

7.4.5.6.1. Key market trends, growth factors and opportunities

7.4.5.6.2. Market size and forecast, by Raw Material

7.4.5.6.3. Market size and forecast, by Type

7.4.5.6.4. Market size and forecast, by Application

7.5. LAMEA

7.5.1. Key trends and opportunities

7.5.2. Market size and forecast, by Raw Material

7.5.3. Market size and forecast, by Type

7.5.4. Market size and forecast, by Application

7.5.5. Market size and forecast, by country

7.5.5.1. Brazil

7.5.5.1.1. Key market trends, growth factors and opportunities

7.5.5.1.2. Market size and forecast, by Raw Material

7.5.5.1.3. Market size and forecast, by Type

7.5.5.1.4. Market size and forecast, by Application

7.5.5.2. South Africa,

7.5.5.2.1. Key market trends, growth factors and opportunities

7.5.5.2.2. Market size and forecast, by Raw Material

7.5.5.2.3. Market size and forecast, by Type

7.5.5.2.4. Market size and forecast, by Application

7.5.5.3. Saudi Arabia

7.5.5.3.1. Key market trends, growth factors and opportunities

7.5.5.3.2. Market size and forecast, by Raw Material

7.5.5.3.3. Market size and forecast, by Type

7.5.5.3.4. Market size and forecast, by Application

7.5.5.4. Rest of LAMEA

7.5.5.4.1. Key market trends, growth factors and opportunities

7.5.5.4.2. Market size and forecast, by Raw Material

7.5.5.4.3. Market size and forecast, by Type

7.5.5.4.4. Market size and forecast, by Application

8.1. Introduction

8.2. Top winning strategies

8.3. Product Mapping of Top 10 Player

8.4. Competitive Dashboard

8.5. Competitive Heatmap

8.6. Top player positioning, 2021

9.1. Shell Plc.

9.1.1. Company overview

9.1.2. Key Executives

9.1.3. Company snapshot

9.1.4. Operating business segments

9.1.5. Product portfolio

9.1.6. Business performance

9.2. Bosch Ltd

9.2.1. Company overview

9.2.2. Key Executives

9.2.3. Company snapshot

9.2.4. Operating business segments

9.2.5. Product portfolio

9.2.6. Business performance

9.3. Indian Oil Corporation Ltd

9.3.1. Company overview

9.3.2. Key Executives

9.3.3. Company snapshot

9.3.4. Operating business segments

9.3.5. Product portfolio

9.3.6. Business performance

9.4. Reliance Industries Ltd

9.4.1. Company overview

9.4.2. Key Executives

9.4.3. Company snapshot

9.4.4. Operating business segments

9.4.5. Product portfolio

9.4.6. Business performance

9.5. Sasol Limited

9.5.1. Company overview

9.5.2. Key Executives

9.5.3. Company snapshot

9.5.4. Operating business segments

9.5.5. Product portfolio

9.5.6. Business performance

9.6. L'Air Liquide S.A.

9.6.1. Company overview

9.6.2. Key Executives

9.6.3. Company snapshot

9.6.4. Operating business segments

9.6.5. Product portfolio

9.6.6. Business performance

9.7. Phillips 66 Company

9.7.1. Company overview

9.7.2. Key Executives

9.7.3. Company snapshot

9.7.4. Operating business segments

9.7.5. Product portfolio

9.7.6. Business performance

9.8. PetroChina Company Limited

9.8.1. Company overview

9.8.2. Key Executives

9.8.3. Company snapshot

9.8.4. Operating business segments

9.8.5. Product portfolio

9.8.6. Business performance

9.9. Exxon Mobil Corporation

9.9.1. Company overview

9.9.2. Key Executives

9.9.3. Company snapshot

9.9.4. Operating business segments

9.9.5. Product portfolio

9.9.6. Business performance

9.10. Synhelion SA

9.10.1. Company overview

9.10.2. Key Executives

9.10.3. Company snapshot

9.10.4. Operating business segments

9.10.5. Product portfoli

LIST OF TABLES

TABLE 01. GLOBAL SYNTHETIC FUEL MARKET, BY RAW MATERIAL, 2021-2031 ($MILLION)

TABLE 02. SYNTHETIC FUEL MARKET FOR COAL, BY REGION, 2021-2031 ($MILLION)

TABLE 03. SYNTHETIC FUEL MARKET FOR NATURAL GAS, BY REGION, 2021-2031 ($MILLION)

TABLE 04. SYNTHETIC FUEL MARKET FOR FOOD-CROP/PLANT BASED, BY REGION, 2021-2031 ($MILLION)

TABLE 05. SYNTHETIC FUEL MARKET FOR NON-FOOD CROP BASED, BY REGION, 2021-2031 ($MILLION)

TABLE 06. GLOBAL SYNTHETIC FUEL MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 07. SYNTHETIC FUEL MARKET FOR EXTRA HEAVY OILS, BY REGION, 2021-2031 ($MILLION)

TABLE 08. SYNTHETIC FUEL MARKET FOR GAS TO LIQUID OILS, BY REGION, 2021-2031 ($MILLION)

TABLE 09. SYNTHETIC FUEL MARKET FOR SHALE OILS, BY REGION, 2021-2031 ($MILLION)

TABLE 10. SYNTHETIC FUEL MARKET FOR COAL TO LIQUID, BY REGION, 2021-2031 ($MILLION)

TABLE 11. SYNTHETIC FUEL MARKET FOR BIOMASS TO LIQUID, BY REGION, 2021-2031 ($MILLION)

TABLE 12. SYNTHETIC FUEL MARKET FOR OTHERS, BY REGION, 2021-2031 ($MILLION)

TABLE 13. GLOBAL SYNTHETIC FUEL MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 14. SYNTHETIC FUEL MARKET FOR GASOLINE, BY REGION, 2021-2031 ($MILLION)

TABLE 15. SYNTHETIC FUEL MARKET FOR DIESEL, BY REGION, 2021-2031 ($MILLION)

TABLE 16. SYNTHETIC FUEL MARKET FOR KEROSENE, BY REGION, 2021-2031 ($MILLION)

TABLE 17. SYNTHETIC FUEL MARKET, BY REGION, 2021-2031 ($MILLION)

TABLE 18. NORTH AMERICA SYNTHETIC FUEL MARKET, BY RAW MATERIAL, 2021-2031 ($MILLION)

TABLE 19. NORTH AMERICA SYNTHETIC FUEL MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 20. NORTH AMERICA SYNTHETIC FUEL MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 21. NORTH AMERICA SYNTHETIC FUEL MARKET, BY COUNTRY, 2021-2031 ($MILLION)

TABLE 22. U.S. SYNTHETIC FUEL MARKET, BY RAW MATERIAL, 2021-2031 ($MILLION)

TABLE 23. U.S. SYNTHETIC FUEL MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 24. U.S. SYNTHETIC FUEL MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 25. CANADA SYNTHETIC FUEL MARKET, BY RAW MATERIAL, 2021-2031 ($MILLION)

TABLE 26. CANADA SYNTHETIC FUEL MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 27. CANADA SYNTHETIC FUEL MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 28. MEXICO SYNTHETIC FUEL MARKET, BY RAW MATERIAL, 2021-2031 ($MILLION)

TABLE 29. MEXICO SYNTHETIC FUEL MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 30. MEXICO SYNTHETIC FUEL MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 31. EUROPE SYNTHETIC FUEL MARKET, BY RAW MATERIAL, 2021-2031 ($MILLION)

TABLE 32. EUROPE SYNTHETIC FUEL MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 33. EUROPE SYNTHETIC FUEL MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 34. EUROPE SYNTHETIC FUEL MARKET, BY COUNTRY, 2021-2031 ($MILLION)

TABLE 35. GERMANY SYNTHETIC FUEL MARKET, BY RAW MATERIAL, 2021-2031 ($MILLION)

TABLE 36. GERMANY SYNTHETIC FUEL MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 37. GERMANY SYNTHETIC FUEL MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 38. UK SYNTHETIC FUEL MARKET, BY RAW MATERIAL, 2021-2031 ($MILLION)

TABLE 39. UK SYNTHETIC FUEL MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 40. UK SYNTHETIC FUEL MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 41. FRANCE SYNTHETIC FUEL MARKET, BY RAW MATERIAL, 2021-2031 ($MILLION)

TABLE 42. FRANCE SYNTHETIC FUEL MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 43. FRANCE SYNTHETIC FUEL MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 44. ITALY SYNTHETIC FUEL MARKET, BY RAW MATERIAL, 2021-2031 ($MILLION)

TABLE 45. ITALY SYNTHETIC FUEL MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 46. ITALY SYNTHETIC FUEL MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 47. SPAIN SYNTHETIC FUEL MARKET, BY RAW MATERIAL, 2021-2031 ($MILLION)

TABLE 48. SPAIN SYNTHETIC FUEL MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 49. SPAIN SYNTHETIC FUEL MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 50. REST OF EUROPE SYNTHETIC FUEL MARKET, BY RAW MATERIAL, 2021-2031 ($MILLION)

TABLE 51. REST OF EUROPE SYNTHETIC FUEL MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 52. REST OF EUROPE SYNTHETIC FUEL MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 53. ASIA-PACIFIC SYNTHETIC FUEL MARKET, BY RAW MATERIAL, 2021-2031 ($MILLION)

TABLE 54. ASIA-PACIFIC SYNTHETIC FUEL MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 55. ASIA-PACIFIC SYNTHETIC FUEL MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 56. ASIA-PACIFIC SYNTHETIC FUEL MARKET, BY COUNTRY, 2021-2031 ($MILLION)

TABLE 57. CHINA SYNTHETIC FUEL MARKET, BY RAW MATERIAL, 2021-2031 ($MILLION)

TABLE 58. CHINA SYNTHETIC FUEL MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 59. CHINA SYNTHETIC FUEL MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 60. JAPAN SYNTHETIC FUEL MARKET, BY RAW MATERIAL, 2021-2031 ($MILLION)

TABLE 61. JAPAN SYNTHETIC FUEL MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 62. JAPAN SYNTHETIC FUEL MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 63. INDIA SYNTHETIC FUEL MARKET, BY RAW MATERIAL, 2021-2031 ($MILLION)

TABLE 64. INDIA SYNTHETIC FUEL MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 65. INDIA SYNTHETIC FUEL MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 66. SOUTH KOREA SYNTHETIC FUEL MARKET, BY RAW MATERIAL, 2021-2031 ($MILLION)

TABLE 67. SOUTH KOREA SYNTHETIC FUEL MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 68. SOUTH KOREA SYNTHETIC FUEL MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 69. AUSTRALIA SYNTHETIC FUEL MARKET, BY RAW MATERIAL, 2021-2031 ($MILLION)

TABLE 70. AUSTRALIA SYNTHETIC FUEL MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 71. AUSTRALIA SYNTHETIC FUEL MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 72. REST OF ASIA-PACIFIC SYNTHETIC FUEL MARKET, BY RAW MATERIAL, 2021-2031 ($MILLION)

TABLE 73. REST OF ASIA-PACIFIC SYNTHETIC FUEL MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 74. REST OF ASIA-PACIFIC SYNTHETIC FUEL MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 75. LAMEA SYNTHETIC FUEL MARKET, BY RAW MATERIAL, 2021-2031 ($MILLION)

TABLE 76. LAMEA SYNTHETIC FUEL MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 77. LAMEA SYNTHETIC FUEL MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 78. LAMEA SYNTHETIC FUEL MARKET, BY COUNTRY, 2021-2031 ($MILLION)

TABLE 79. BRAZIL SYNTHETIC FUEL MARKET, BY RAW MATERIAL, 2021-2031 ($MILLION)

TABLE 80. BRAZIL SYNTHETIC FUEL MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 81. BRAZIL SYNTHETIC FUEL MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 82. SOUTH AFRICA, SYNTHETIC FUEL MARKET, BY RAW MATERIAL, 2021-2031 ($MILLION)

TABLE 83. SOUTH AFRICA, SYNTHETIC FUEL MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 84. SOUTH AFRICA, SYNTHETIC FUEL MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 85. SAUDI ARABIA SYNTHETIC FUEL MARKET, BY RAW MATERIAL, 2021-2031 ($MILLION)

TABLE 86. SAUDI ARABIA SYNTHETIC FUEL MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 87. SAUDI ARABIA SYNTHETIC FUEL MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 88. REST OF LAMEA SYNTHETIC FUEL MARKET, BY RAW MATERIAL, 2021-2031 ($MILLION)

TABLE 89. REST OF LAMEA SYNTHETIC FUEL MARKET, BY TYPE, 2021-2031 ($MILLION)

TABLE 90. REST OF LAMEA SYNTHETIC FUEL MARKET, BY APPLICATION, 2021-2031 ($MILLION)

TABLE 91. SHELL PLC.: KEY EXECUTIVES

TABLE 92. SHELL PLC.: COMPANY SNAPSHOT

TABLE 93. SHELL PLC.: PRODUCT SEGMENTS

TABLE 94. SHELL PLC.: PRODUCT PORTFOLIO

TABLE 95. BOSCH LTD: KEY EXECUTIVES

TABLE 96. BOSCH LTD: COMPANY SNAPSHOT

TABLE 97. BOSCH LTD: PRODUCT SEGMENTS

TABLE 98. BOSCH LTD: PRODUCT PORTFOLIO

TABLE 99. INDIAN OIL CORPORATION LTD: KEY EXECUTIVES

TABLE 100. INDIAN OIL CORPORATION LTD: COMPANY SNAPSHOT

TABLE 101. INDIAN OIL CORPORATION LTD: PRODUCT SEGMENTS

TABLE 102. INDIAN OIL CORPORATION LTD: PRODUCT PORTFOLIO

TABLE 103. RELIANCE INDUSTRIES LTD: KEY EXECUTIVES

TABLE 104. RELIANCE INDUSTRIES LTD: COMPANY SNAPSHOT

TABLE 105. RELIANCE INDUSTRIES LTD: PRODUCT SEGMENTS

TABLE 106. RELIANCE INDUSTRIES LTD: PRODUCT PORTFOLIO

TABLE 107. SASOL LIMITED: KEY EXECUTIVES

TABLE 108. SASOL LIMITED: COMPANY SNAPSHOT

TABLE 109. SASOL LIMITED: PRODUCT SEGMENTS

TABLE 110. SASOL LIMITED: PRODUCT PORTFOLIO

TABLE 111. L'AIR LIQUIDE S.A.: KEY EXECUTIVES

TABLE 112. L'AIR LIQUIDE S.A.: COMPANY SNAPSHOT

TABLE 113. L'AIR LIQUIDE S.A.: PRODUCT SEGMENTS

TABLE 114. L'AIR LIQUIDE S.A.: PRODUCT PORTFOLIO

TABLE 115. PHILLIPS 66 COMPANY: KEY EXECUTIVES

TABLE 116. PHILLIPS 66 COMPANY: COMPANY SNAPSHOT

TABLE 117. PHILLIPS 66 COMPANY: PRODUCT SEGMENTS

TABLE 118. PHILLIPS 66 COMPANY: PRODUCT PORTFOLIO

TABLE 119. PETROCHINA COMPANY LIMITED: KEY EXECUTIVES

TABLE 120. PETROCHINA COMPANY LIMITED: COMPANY SNAPSHOT

TABLE 121. PETROCHINA COMPANY LIMITED: PRODUCT SEGMENTS

TABLE 122. PETROCHINA COMPANY LIMITED: PRODUCT PORTFOLIO

TABLE 123. EXXON MOBIL CORPORATION: KEY EXECUTIVES

TABLE 124. EXXON MOBIL CORPORATION: COMPANY SNAPSHOT

TABLE 125. EXXON MOBIL CORPORATION: SERVICE SEGMENTS

TABLE 126. EXXON MOBIL CORPORATION: PRODUCT PORTFOLIO

TABLE 127. SYNHELION SA: KEY EXECUTIVES

TABLE 128. SYNHELION SA: COMPANY SNAPSHOT

TABLE 129. SYNHELION SA: PRODUCT SEGMENTS

TABLE 130. SYNHELION SA: PRODUCT PORTFOLIO LIST OF FIGURES

FIGURE 01. SYNTHETIC FUEL MARKET, 2021-2031

FIGURE 02. SEGMENTATION OF SYNTHETIC FUEL MARKET, 2021-2031

FIGURE 03. TOP INVESTMENT POCKETS IN SYNTHETIC FUEL MARKET (2022-2031)

FIGURE 04. LOW BARGAINING POWER OF SUPPLIERS

FIGURE 05. LOW BARGAINING POWER OF BUYERS

FIGURE 06. LOW THREAT OF SUBSTITUTES

FIGURE 07. LOW THREAT OF NEW ENTRANTS

FIGURE 08. LOW INTENSITY OF RIVALRY

FIGURE 09. DRIVERS, RESTRAINTS AND OPPORTUNITIES: GLOBALSYNTHETIC FUEL MARKET

FIGURE 10. PATENT ANALYSIS BY COMPANY

FIGURE 11. PATENT ANALYSIS BY COUNTRY

FIGURE 12. SYNTHETIC FUEL MARKET, BY RAW MATERIAL, 2021(%)

FIGURE 13. COMPARATIVE SHARE ANALYSIS OF SYNTHETIC FUEL MARKET FOR COAL, BY COUNTRY 2021 AND 2031(%)

FIGURE 14. COMPARATIVE SHARE ANALYSIS OF SYNTHETIC FUEL MARKET FOR NATURAL GAS, BY COUNTRY 2021 AND 2031(%)

FIGURE 15. COMPARATIVE SHARE ANALYSIS OF SYNTHETIC FUEL MARKET FOR FOOD-CROP/PLANT BASED, BY COUNTRY 2021 AND 2031(%)

FIGURE 16. COMPARATIVE SHARE ANALYSIS OF SYNTHETIC FUEL MARKET FOR NON-FOOD CROP BASED, BY COUNTRY 2021 AND 2031(%)

FIGURE 17. SYNTHETIC FUEL MARKET, BY TYPE, 2021(%)

FIGURE 18. COMPARATIVE SHARE ANALYSIS OF SYNTHETIC FUEL MARKET FOR EXTRA HEAVY OILS, BY COUNTRY 2021 AND 2031(%)

FIGURE 19. COMPARATIVE SHARE ANALYSIS OF SYNTHETIC FUEL MARKET FOR GAS TO LIQUID OILS, BY COUNTRY 2021 AND 2031(%)

FIGURE 20. COMPARATIVE SHARE ANALYSIS OF SYNTHETIC FUEL MARKET FOR SHALE OILS, BY COUNTRY 2021 AND 2031(%)

FIGURE 21. COMPARATIVE SHARE ANALYSIS OF SYNTHETIC FUEL MARKET FOR COAL TO LIQUID, BY COUNTRY 2021 AND 2031(%)

FIGURE 22. COMPARATIVE SHARE ANALYSIS OF SYNTHETIC FUEL MARKET FOR BIOMASS TO LIQUID, BY COUNTRY 2021 AND 2031(%)

FIGURE 23. COMPARATIVE SHARE ANALYSIS OF SYNTHETIC FUEL MARKET FOR OTHERS, BY COUNTRY 2021 AND 2031(%)

FIGURE 24. SYNTHETIC FUEL MARKET, BY APPLICATION, 2021(%)

FIGURE 25. COMPARATIVE SHARE ANALYSIS OF SYNTHETIC FUEL MARKET FOR GASOLINE, BY COUNTRY 2021 AND 2031(%)

FIGURE 26. COMPARATIVE SHARE ANALYSIS OF SYNTHETIC FUEL MARKET FOR DIESEL, BY COUNTRY 2021 AND 2031(%)

FIGURE 27. COMPARATIVE SHARE ANALYSIS OF SYNTHETIC FUEL MARKET FOR KEROSENE, BY COUNTRY 2021 AND 2031(%)

FIGURE 28. SYNTHETIC FUEL MARKET BY REGION, 2021

FIGURE 29. U.S. SYNTHETIC FUEL MARKET, 2021-2031 ($MILLION)

FIGURE 30. CANADA SYNTHETIC FUEL MARKET, 2021-2031 ($MILLION)

FIGURE 31. MEXICO SYNTHETIC FUEL MARKET, 2021-2031 ($MILLION)

FIGURE 32. GERMANY SYNTHETIC FUEL MARKET, 2021-2031 ($MILLION)

FIGURE 33. UK SYNTHETIC FUEL MARKET, 2021-2031 ($MILLION)

FIGURE 34. FRANCE SYNTHETIC FUEL MARKET, 2021-2031 ($MILLION)

FIGURE 35. ITALY SYNTHETIC FUEL MARKET, 2021-2031 ($MILLION)

FIGURE 36. SPAIN SYNTHETIC FUEL MARKET, 2021-2031 ($MILLION)

FIGURE 37. REST OF EUROPE SYNTHETIC FUEL MARKET, 2021-2031 ($MILLION)

FIGURE 38. CHINA SYNTHETIC FUEL MARKET, 2021-2031 ($MILLION)

FIGURE 39. JAPAN SYNTHETIC FUEL MARKET, 2021-2031 ($MILLION)

FIGURE 40. INDIA SYNTHETIC FUEL MARKET, 2021-2031 ($MILLION)

FIGURE 41. SOUTH KOREA SYNTHETIC FUEL MARKET, 2021-2031 ($MILLION)

FIGURE 42. AUSTRALIA SYNTHETIC FUEL MARKET, 2021-2031 ($MILLION)

FIGURE 43. REST OF ASIA-PACIFIC SYNTHETIC FUEL MARKET, 2021-2031 ($MILLION)

FIGURE 44. BRAZIL SYNTHETIC FUEL MARKET, 2021-2031 ($MILLION)

FIGURE 45. SOUTH AFRICA, SYNTHETIC FUEL MARKET, 2021-2031 ($MILLION)

FIGURE 46. SAUDI ARABIA SYNTHETIC FUEL MARKET, 2021-2031 ($MILLION)

FIGURE 47. REST OF LAMEA SYNTHETIC FUEL MARKET, 2021-2031 ($MILLION)

FIGURE 48. TOP WINNING STRATEGIES, BY YEAR

FIGURE 49. TOP WINNING STRATEGIES, BY DEVELOPMENT

FIGURE 50. TOP WINNING STRATEGIES, BY COMPANY

FIGURE 51. PRODUCT MAPPING OF TOP 10 PLAYERS

FIGURE 52. COMPETITIVE DASHBOARD

FIGURE 53. COMPETITIVE HEATMAP: SYNTHETIC FUEL MARKET

FIGURE 54. TOP PLAYER POSITIONING, 2021

FIGURE 55. SHELL PLC.: NET REVENUE, 2020-2022 ($MILLION)

FIGURE 56. SHELL PLC.: REVENUE SHARE BY SEGMENT, 2022 (%)

FIGURE 57. BOSCH LTD: NET REVENUE, 2019-2021 ($MILLION)

FIGURE 58. BOSCH LTD: REVENUE SHARE BY REGION, 2021 (%)

FIGURE 59. INDIAN OIL CORPORATION LTD: NET REVENUE, 2020-2022 ($MILLION)

FIGURE 60. INDIAN OIL CORPORATION LTD: REVENUE SHARE BY SEGMENT, 2022 (%)

FIGURE 61. RELIANCE INDUSTRIES LTD: NET SALES, 2019-2021 ($MILLION)

FIGURE 62. RELIANCE INDUSTRIES LTD: REVENUE SHARE BY SEGMENT, 2021 (%)

FIGURE 63. RELIANCE INDUSTRIES LTD: REVENUE SHARE BY REGION, 2021 (%)

FIGURE 64. SASOL LIMITED: NET REVENUE, 2020-2022 ($MILLION)

FIGURE 65. SASOL LIMITED: REVENUE SHARE BY SEGMENT, 2022 (%)

FIGURE 66. SASOL LIMITED: REVENUE SHARE BY SEGMENT, 2022 (%)

FIGURE 67. SASOL LIMITED: REVENUE SHARE BY SEGMENT, 2022 (%)

FIGURE 68. L'AIR LIQUIDE S.A.: NET REVENUE, 2020-2022 ($MILLION)

FIGURE 69. L'AIR LIQUIDE S.A.: REVENUE SHARE BY SEGMENT, 2022 (%)

FIGURE 70. L'AIR LIQUIDE S.A.: REVENUE SHARE BY REGION, 2022 (%)

FIGURE 71. PHILLIPS 66 COMPANY: NET SALES, 2018-2020 ($MILLION)

FIGURE 72. PHILLIPS 66 COMPANY: RESEARCH & DEVELOPMENT EXPENDITURE, 2018-2020 ($MILLION)

FIGURE 73. PHILLIPS 66 COMPANY: REVENUE SHARE BY SEGMENT, 2020 (%)

FIGURE 74. PETROCHINA COMPANY LIMITED: NET REVENUE, 2019-2021 ($MILLION)

FIGURE 75. PETROCHINA COMPANY LIMITED: REVENUE SHARE BY SEGMENT, 2021 (%)

FIGURE 76. EXXON MOBIL CORPORATION: NET SALES, 2020-2022 ($MILLION)

FIGURE 77. EXXON MOBIL CORPORATION: REVENUE SHARE BY SEGMENT, 2022 (%)

FIGURE 78. EXXON MOBIL CORPORATION: REVENUE SHARE BY REGION, 2022 (%