Coal to Liquid Market Size

Coal to Liquid Market size was over USD 4.46 billion in 2024 and is projected to reach USD 13.19 billion by 2037, growing at around 8.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of coal to liquid is assessed at USD 5.1 billion.

The reason behind the growth is impelled by the growing number of automobiles. It is expected that the rising demand for fuel for running the transportation sectors is likely to augment the market growth. It is believed that over 1 billion passenger automobiles cruise the world's streets and roadways today. Moreover, as of April 2023, around 27 million cars have been produced in the world.

The increasing need to lower the carbon footprint is believed to fuel market growth. In comparison to other fossil fuels, coal has much lower carbon emissions thus making it a source of better fuel. Presently the globe emits approximately 50 billion tons of CO2e every year. This is more than 40% more than 1990 emissions, which were estimated to be roughly 35 billion tons.