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Gas-to-Liquid (GTL) Market 2024-2028

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    Report

  • 146 Pages
  • October 2024
  • Region: Global
  • TechNavio
  • ID: 5561256
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The gas-to-liquid (GTL) market is forecasted to grow by USD 2.92 billion during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the gas-to-liquid (GTL) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in natural gas production, increase in demand for clean fuel, and growing investment in gtl projects.

The gas-to-liquid (GTL) market is segmented as below:

By Product

  • GTL diesel
  • GTL naphtha
  • Others

By Geographical Landscape

  • Middle East and Africa
  • North America
  • APAC
  • Europe
  • South America
This study identifies the technological developments as one of the prime reasons driving the gas-to-liquid (GTL) market growth during the next few years. Also, rising demand for petrochemical feedstock and rapid growth of transportation sector will lead to sizable demand in the market.

The report on the gas-to-liquid (GTL) market covers the following areas:

  • Gas-To-Liquid (GTL) Market sizing
  • Gas-To-Liquid (GTL) Market forecast
  • Gas-To-Liquid (GTL) Market industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading gas-to-liquid (GTL) market vendors that include Axens, Black and Veatch Holding Co., Calvert Energy Group LLC, Chevron Corp., CompactGTL Ltd., Equinor ASA, Gas Technologies LLC, Greyrock Energy Inc., KBR Inc., Nigerian National Petroleum Corp., OxEon Energy LLC, Petroleum Oil and Gas Corp. of South Africa SOC Ltd., QatarEnergy, Sasol Ltd., Shell plc, STI Gustav Stabernack GmbH, Topsoes AS, Uzbekistan GTL LLC, Velocys Plc, Xebec Adsorption Inc., and XTL Technology Ltd. Also, the gas-to-liquid (GTL) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
  • Executive Summary - Chart on Market Overview
  • Executive Summary - Data Table on Market Overview
  • Executive Summary - Chart on Global Market Characteristics
  • Executive Summary - Chart on Market By Geographical Landscape
  • Executive Summary - Chart on Market Segmentation by Product
  • Executive Summary - Chart on Incremental Growth
  • Executive Summary - Data Table on Incremental Growth
  • Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
  • Parent Market
  • Data Table on - Parent Market
2.2 Market characteristics
  • Market characteristics analysis
2.3 Value chain analysis
  • Value Chain Analysis
3 Market Sizing
3.1 Market definition
  • Offerings of companies included in the market definition
3.2 Market segment analysis
  • Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
  • Chart on Global - Market size and forecast 2023-2028 ($ million)
  • Data Table on Global - Market size and forecast 2023-2028 ($ million)
  • Chart on Global Market: Year-over-year growth 2023-2028 (%)
  • Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Gas-To-Liquid (GTL) Market 2018 - 2022
  • Historic Market Size - Data Table on Global Gas-To-Liquid (GTL) Market 2018 - 2022 ($ million)
4.2 Product segment analysis 2018 - 2022
  • Historic Market Size - Product Segment 2018 - 2022 ($ million)
4.3 Geography segment analysis 2018 - 2022
  • Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.4 Country segment analysis 2018 - 2022
  • Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
  • Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
  • Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
  • Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
  • Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
  • Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
  • Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
  • Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Product
6.1 Market segments
  • Chart on Product - Market share 2023-2028 (%)
  • Data Table on Product - Market share 2023-2028 (%)
6.2 Comparison by Product
  • Chart on Comparison by Product
  • Data Table on Comparison by Product
6.3 GTL diesel - Market size and forecast 2023-2028
  • Chart on GTL diesel - Market size and forecast 2023-2028 ($ million)
  • Data Table on GTL diesel - Market size and forecast 2023-2028 ($ million)
  • Chart on GTL diesel - Year-over-year growth 2023-2028 (%)
  • Data Table on GTL diesel - Year-over-year growth 2023-2028 (%)
6.4 GTL naphtha - Market size and forecast 2023-2028
  • Chart on GTL naphtha - Market size and forecast 2023-2028 ($ million)
  • Data Table on GTL naphtha - Market size and forecast 2023-2028 ($ million)
  • Chart on GTL naphtha - Year-over-year growth 2023-2028 (%)
  • Data Table on GTL naphtha - Year-over-year growth 2023-2028 (%)
6.5 Others - Market size and forecast 2023-2028
  • Chart on Others - Market size and forecast 2023-2028 ($ million)
  • Data Table on Others - Market size and forecast 2023-2028 ($ million)
  • Chart on Others - Year-over-year growth 2023-2028 (%)
  • Data Table on Others - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Product
  • Market opportunity by Product ($ million)
  • Data Table on Market opportunity by Product ($ million)
7 Customer Landscape
7.1 Customer landscape overview
  • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
8 Geographic Landscape
8.1 Geographic segmentation
  • Chart on Market share By Geographical Landscape 2023-2028 (%)
  • Data Table on Market share By Geographical Landscape 2023-2028 (%)
8.2 Geographic comparison
  • Chart on Geographic comparison
  • Data Table on Geographic comparison
8.3 Middle East and Africa - Market size and forecast 2023-2028
  • Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
  • Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
  • Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
  • Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
8.4 North America - Market size and forecast 2023-2028
  • Chart on North America - Market size and forecast 2023-2028 ($ million)
  • Data Table on North America - Market size and forecast 2023-2028 ($ million)
  • Chart on North America - Year-over-year growth 2023-2028 (%)
  • Data Table on North America - Year-over-year growth 2023-2028 (%)
8.5 APAC - Market size and forecast 2023-2028
  • Chart on APAC - Market size and forecast 2023-2028 ($ million)
  • Data Table on APAC - Market size and forecast 2023-2028 ($ million)
  • Chart on APAC - Year-over-year growth 2023-2028 (%)
  • Data Table on APAC - Year-over-year growth 2023-2028 (%)
8.6 Europe - Market size and forecast 2023-2028
  • Chart on Europe - Market size and forecast 2023-2028 ($ million)
  • Data Table on Europe - Market size and forecast 2023-2028 ($ million)
  • Chart on Europe - Year-over-year growth 2023-2028 (%)
  • Data Table on Europe - Year-over-year growth 2023-2028 (%)
8.7 South America - Market size and forecast 2023-2028
  • Chart on South America - Market size and forecast 2023-2028 ($ million)
  • Data Table on South America - Market size and forecast 2023-2028 ($ million)
  • Chart on South America - Year-over-year growth 2023-2028 (%)
  • Data Table on South America - Year-over-year growth 2023-2028 (%)
8.8 Qatar - Market size and forecast 2023-2028
  • Chart on Qatar - Market size and forecast 2023-2028 ($ million)
  • Data Table on Qatar - Market size and forecast 2023-2028 ($ million)
  • Chart on Qatar - Year-over-year growth 2023-2028 (%)
  • Data Table on Qatar - Year-over-year growth 2023-2028 (%)
8.9 US - Market size and forecast 2023-2028
  • Chart on US - Market size and forecast 2023-2028 ($ million)
  • Data Table on US - Market size and forecast 2023-2028 ($ million)
  • Chart on US - Year-over-year growth 2023-2028 (%)
  • Data Table on US - Year-over-year growth 2023-2028 (%)
8.10 South Africa - Market size and forecast 2023-2028
  • Chart on South Africa - Market size and forecast 2023-2028 ($ million)
  • Data Table on South Africa - Market size and forecast 2023-2028 ($ million)
  • Chart on South Africa - Year-over-year growth 2023-2028 (%)
  • Data Table on South Africa - Year-over-year growth 2023-2028 (%)
8.11 Malaysia - Market size and forecast 2023-2028
  • Chart on Malaysia - Market size and forecast 2023-2028 ($ million)
  • Data Table on Malaysia - Market size and forecast 2023-2028 ($ million)
  • Chart on Malaysia - Year-over-year growth 2023-2028 (%)
  • Data Table on Malaysia - Year-over-year growth 2023-2028 (%)
8.12 Canada - Market size and forecast 2023-2028
  • Chart on Canada - Market size and forecast 2023-2028 ($ million)
  • Data Table on Canada - Market size and forecast 2023-2028 ($ million)
  • Chart on Canada - Year-over-year growth 2023-2028 (%)
  • Data Table on Canada - Year-over-year growth 2023-2028 (%)
8.13 Market opportunity By Geographical Landscape
  • Market opportunity By Geographical Landscape ($ million)
  • Data Tables on Market opportunity By Geographical Landscape ($ million)
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
  • Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
  • Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
  • Overview on factors of disruption
10.4 Industry risks
  • Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
  • Companies covered
11.2 Market positioning of companies
  • Matrix on companies position and classification
11.3 Axens
  • Axens - Overview
  • Axens - Product / Service
  • Axens - Key offerings
11.4 Black and Veatch Holding Co.
  • Black and Veatch Holding Co. - Overview
  • Black and Veatch Holding Co. - Product / Service
  • Black and Veatch Holding Co. - Key offerings
11.5 Calvert Energy Group LLC
  • Calvert Energy Group LLC - Overview
  • Calvert Energy Group LLC - Product / Service
  • Calvert Energy Group LLC - Key offerings
11.6 Chevron Corp.
  • Chevron Corp. - Overview
  • Chevron Corp. - Business segments
  • Chevron Corp. - Key news
  • Chevron Corp. - Key offerings
  • Chevron Corp. - Segment focus
11.7 CompactGTL Ltd.
  • CompactGTL Ltd. - Overview
  • CompactGTL Ltd. - Product / Service
  • CompactGTL Ltd. - Key offerings
11.8 KBR Inc.
  • KBR Inc. - Overview
  • KBR Inc. - Business segments
  • KBR Inc. - Key news
  • KBR Inc. - Key offerings
  • KBR Inc. - Segment focus
11.9 Petroleum Oil and Gas Corp. of South Africa SOC Ltd.
  • Petroleum Oil and Gas Corp. of South Africa SOC Ltd. - Overview
  • Petroleum Oil and Gas Corp. of South Africa SOC Ltd. - Product / Service
  • Petroleum Oil and Gas Corp. of South Africa SOC Ltd. - Key offerings
11.10 QatarEnergy
  • QatarEnergy - Overview
  • QatarEnergy - Product / Service
  • QatarEnergy - Key offerings
11.11 Sasol Ltd.
  • Sasol Ltd. - Overview
  • Sasol Ltd. - Business segments
  • Sasol Ltd. - Key news
  • Sasol Ltd. - Key offerings
  • Sasol Ltd. - Segment focus
11.12 Shell plc
  • Shell plc - Overview
  • Shell plc - Business segments
  • Shell plc - Key news
  • Shell plc - Key offerings
  • Shell plc - Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
  • Inclusions checklist
  • Exclusions checklist
12.3 Currency conversion rates for US$
  • Currency conversion rates for US$
12.4 Research methodology
  • Research methodology
12.5 Data procurement
  • Information sources
12.6 Data validation
  • Data validation
12.7 Validation techniques employed for market sizing
  • Validation techniques employed for market sizing
12.8 Data synthesis
  • Data synthesis
12.9 360 degree market analysis
  • 360 degree market analysis
12.10 List of abbreviations
  • List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Product
Exhibits 6: Executive Summary - Chart on Incremental Growth
Exhibits 7: Executive Summary - Data Table on Incremental Growth
Exhibits 8: Executive Summary - Chart on Company Market Positioning
Exhibits 9: Parent Market
Exhibits 10: Data Table on - Parent Market
Exhibits 11: Market characteristics analysis
Exhibits 12: Value Chain Analysis
Exhibits 13: Offerings of companies included in the market definition
Exhibits 14: Market segments
Exhibits 15: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibits 16: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibits 17: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 18: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 19: Historic Market Size - Data Table on Global Gas-To-Liquid (GTL) Market 2018 - 2022 ($ million)
Exhibits 20: Historic Market Size - Product Segment 2018 - 2022 ($ million)
Exhibits 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
Exhibits 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)
Exhibits 23: Five forces analysis - Comparison between 2023 and 2028
Exhibits 24: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 26: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 27: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 28: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 29: Chart on Market condition - Five forces 2023 and 2028
Exhibits 30: Chart on Product - Market share 2023-2028 (%)
Exhibits 31: Data Table on Product - Market share 2023-2028 (%)
Exhibits 32: Chart on Comparison by Product
Exhibits 33: Data Table on Comparison by Product
Exhibits 34: Chart on GTL diesel - Market size and forecast 2023-2028 ($ million)
Exhibits 35: Data Table on GTL diesel - Market size and forecast 2023-2028 ($ million)
Exhibits 36: Chart on GTL diesel - Year-over-year growth 2023-2028 (%)
Exhibits 37: Data Table on GTL diesel - Year-over-year growth 2023-2028 (%)
Exhibits 38: Chart on GTL naphtha - Market size and forecast 2023-2028 ($ million)
Exhibits 39: Data Table on GTL naphtha - Market size and forecast 2023-2028 ($ million)
Exhibits 40: Chart on GTL naphtha - Year-over-year growth 2023-2028 (%)
Exhibits 41: Data Table on GTL naphtha - Year-over-year growth 2023-2028 (%)
Exhibits 42: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 43: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 44: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibits 45: Data Table on Others - Year-over-year growth 2023-2028 (%)
Exhibits 46: Market opportunity by Product ($ million)
Exhibits 47: Data Table on Market opportunity by Product ($ million)
Exhibits 48: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 49: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibits 50: Data Table on Market share By Geographical Landscape 2023-2028 (%)
Exhibits 51: Chart on Geographic comparison
Exhibits 52: Data Table on Geographic comparison
Exhibits 53: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibits 54: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibits 55: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits 56: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits 57: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibits 58: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibits 59: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibits 60: Data Table on North America - Year-over-year growth 2023-2028 (%)
Exhibits 61: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibits 62: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibits 63: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibits 64: Data Table on APAC - Year-over-year growth 2023-2028 (%)
Exhibits 65: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibits 66: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibits 67: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 68: Data Table on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 69: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibits 70: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibits 71: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibits 72: Data Table on South America - Year-over-year growth 2023-2028 (%)
Exhibits 73: Chart on Qatar - Market size and forecast 2023-2028 ($ million)
Exhibits 74: Data Table on Qatar - Market size and forecast 2023-2028 ($ million)
Exhibits 75: Chart on Qatar - Year-over-year growth 2023-2028 (%)
Exhibits 76: Data Table on Qatar - Year-over-year growth 2023-2028 (%)
Exhibits 77: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibits 78: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibits 79: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibits 80: Data Table on US - Year-over-year growth 2023-2028 (%)
Exhibits 81: Chart on South Africa - Market size and forecast 2023-2028 ($ million)
Exhibits 82: Data Table on South Africa - Market size and forecast 2023-2028 ($ million)
Exhibits 83: Chart on South Africa - Year-over-year growth 2023-2028 (%)
Exhibits 84: Data Table on South Africa - Year-over-year growth 2023-2028 (%)
Exhibits 85: Chart on Malaysia - Market size and forecast 2023-2028 ($ million)
Exhibits 86: Data Table on Malaysia - Market size and forecast 2023-2028 ($ million)
Exhibits 87: Chart on Malaysia - Year-over-year growth 2023-2028 (%)
Exhibits 88: Data Table on Malaysia - Year-over-year growth 2023-2028 (%)
Exhibits 89: Chart on Canada - Market size and forecast 2023-2028 ($ million)
Exhibits 90: Data Table on Canada - Market size and forecast 2023-2028 ($ million)
Exhibits 91: Chart on Canada - Year-over-year growth 2023-2028 (%)
Exhibits 92: Data Table on Canada - Year-over-year growth 2023-2028 (%)
Exhibits 93: Market opportunity By Geographical Landscape ($ million)
Exhibits 94: Data Tables on Market opportunity By Geographical Landscape ($ million)
Exhibits 95: Impact of drivers and challenges in 2023 and 2028
Exhibits 96: Overview on criticality of inputs and factors of differentiation
Exhibits 97: Overview on factors of disruption
Exhibits 98: Impact of key risks on business
Exhibits 99: Companies covered
Exhibits 100: Matrix on companies position and classification
Exhibits 101: Axens - Overview
Exhibits 102: Axens - Product / Service
Exhibits 103: Axens - Key offerings
Exhibits 104: Black and Veatch Holding Co. - Overview
Exhibits 105: Black and Veatch Holding Co. - Product / Service
Exhibits 106: Black and Veatch Holding Co. - Key offerings
Exhibits 107: Calvert Energy Group LLC - Overview
Exhibits 108: Calvert Energy Group LLC - Product / Service
Exhibits 109: Calvert Energy Group LLC - Key offerings
Exhibits 110: Chevron Corp. - Overview
Exhibits 111: Chevron Corp. - Business segments
Exhibits 112: Chevron Corp. - Key news
Exhibits 113: Chevron Corp. - Key offerings
Exhibits 114: Chevron Corp. - Segment focus
Exhibits 115: CompactGTL Ltd. - Overview
Exhibits 116: CompactGTL Ltd. - Product / Service
Exhibits 117: CompactGTL Ltd. - Key offerings
Exhibits 118: KBR Inc. - Overview
Exhibits 119: KBR Inc. - Business segments
Exhibits 120: KBR Inc. - Key news
Exhibits 121: KBR Inc. - Key offerings
Exhibits 122: KBR Inc. - Segment focus
Exhibits 123: Petroleum Oil and Gas Corp. of South Africa SOC Ltd. - Overview
Exhibits 124: Petroleum Oil and Gas Corp. of South Africa SOC Ltd. - Product / Service
Exhibits 125: Petroleum Oil and Gas Corp. of South Africa SOC Ltd. - Key offerings
Exhibits 126: QatarEnergy - Overview
Exhibits 127: QatarEnergy - Product / Service
Exhibits 128: QatarEnergy - Key offerings
Exhibits 129: Sasol Ltd. - Overview
Exhibits 130: Sasol Ltd. - Business segments
Exhibits 131: Sasol Ltd. - Key news
Exhibits 132: Sasol Ltd. - Key offerings
Exhibits 133: Sasol Ltd. - Segment focus
Exhibits 134: Shell plc - Overview
Exhibits 135: Shell plc - Business segments
Exhibits 136: Shell plc - Key news
Exhibits 137: Shell plc - Key offerings
Exhibits 138: Shell plc - Segment focus
Exhibits 139: Inclusions checklist
Exhibits 140: Exclusions checklist
Exhibits 141: Currency conversion rates for US$
Exhibits 142: Research methodology
Exhibits 143: Information sources
Exhibits 144: Data validation
Exhibits 145: Validation techniques employed for market sizing
Exhibits 146: Data synthesis
Exhibits 147: 360 degree market analysis
Exhibits 148: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the global gas-to-liquid (GTL) market: Axens, Black and Veatch Holding Co., Calvert Energy Group LLC, Chevron Corp., CompactGTL Ltd., Equinor ASA, Gas Technologies LLC, Greyrock Energy Inc., KBR Inc., Nigerian National Petroleum Corp., OxEon Energy LLC, Petroleum Oil and Gas Corp. of South Africa SOC Ltd., QatarEnergy, Sasol Ltd., Shell plc, STI Gustav Stabernack GmbH, Topsoes AS, Uzbekistan GTL LLC, Velocys Plc, Xebec Adsorption Inc., and XTL Technology Ltd..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is technological developments."

According to the report, one of the major drivers for this market is the rise in natural gas production.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Axens
  • Black and Veatch Holding Co.
  • Calvert Energy Group LLC
  • Chevron Corp.
  • CompactGTL Ltd.
  • Equinor ASA
  • Gas Technologies LLC
  • Greyrock Energy Inc.
  • KBR Inc.
  • Nigerian National Petroleum Corp.
  • OxEon Energy LLC
  • Petroleum Oil and Gas Corp. of South Africa SOC Ltd.
  • QatarEnergy
  • Sasol Ltd.
  • Shell plc
  • STI Gustav Stabernack GmbH
  • Topsoes AS
  • Uzbekistan GTL LLC
  • Velocys Plc
  • Xebec Adsorption Inc.
  • XTL Technology Ltd.