Coal to Liquid Market Segmentation:
Product Segment Analysis
The diesel segment is estimated to account for 65% share of the global coal to liquid market in the coming years. The process of turning coal into liquids, such as diesel or petrol, is known as coal-to-liquids (CTL), which is regarded as one of the technological solutions to lower petroleum usage in on-road transportation as a diesel alternative. In conventional engines with compression, CTL diesel fuel can be utilized in pure form or as a useful addition to a mixture to improve intermediate distillate streams which has the highest quality in all of these areas. Diesel presently has around 30% market share. In addition to this, every day, nearly 2 million buses travel on Indian highways, and the majority of them are powered by diesel.
Liquefaction Segment Analysis
Coal to liquid market from the indirect coal liquefaction electronics segment is set to garner a notable share of 60% shortly. Liquid fuels generated from coal using indirect coal liquefaction technology have a higher energy density than coal. Therefore, it makes the fuel more convenient to transport and use, and it potentially improves the fuel efficiency in power plants and vehicles. On the other hand, the ICL has a lower impact on the environment as it produces lower greenhouse gas emissions and pollutants that direct coal liquefaction. Moreover, the operational cost of the indirect procedure is much lower than the direct procedure as they operate at low temperatures and pressures.
Our in-depth analysis of the global market includes the following segments:
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