Syngas Market Size Is Projected To Climb Usd 73.71 Billion By 2030March 13, 2023 ⚊ 1 Min read ⚊ Views 36 ⚊ NEWS
The global syngas market volume can touch 217,000 MW by 2020 at a CAGR of 6.1% over the forecast period. It can command an attractive demand owing to its use as an intermediate for producing solvents, fertilizers, and fuels. Massive demand for energy and fuels can influence the market growth. Easy access to raw materials is one of the biggest growth drivers of the market. It is used as a fuel or lubricant in combustible engines in the automotive industry.