ResearchAndMarkets offers new coal to liquid global market outlook report

Global coal to liquid market accounted for US$3.58 billion in 2017 and is expected to reach US$5.86 billion by 2026 growing at a CAGR of 5.6% during the forecast period.

Growing demand for liquid fuel in the transportation sector, rising demand for low carbon emitting fuels and technological advancements are some of the factors propelling the growth of the market. However, huge capital expenditure and strict government regulations are some of the factors restraining the market.

 

Based on printing technology, the indirect coal liquifaction segment has a significant growth during the forecast period. It is the most used process and in this procedure, solid coal is passed into a gas stage process before it is transformed into a raw liquid form.

By geography, North America holds the largest market share during the forecast period due to technological developments and the occurrence of large coal reserves are some of the factors driving the market growth in this region.

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Read the article online at: https://www.worldcoal.com/coal/05042019/researchandmarkets-offers-new-coal-to-liquid-global-market-outlook-report/