Coal to Liquid Market Trends

  • Report ID: 4884
  • Published Date: Dec 20, 2024
  • Report Format: PDF, PPT

Coal to Liquid Market Trends

Growth Drivers

  • Government Efforts to Use Coal – The Department of Energy of the United States has announced an USD109.5 million investment in the economic development of coal and power plant communities. Furthermore, USD 19.5 million was awarded in funding for key mineral extraction from coal along with waste streams. This, as a result, would lead to the development of coal-to-liquid technology and as well as increase the demand for CTL.
  • Rising Production of Electricity - The majority of power plants used in centralized power generation are thermal power plants, which means they use fuel to heat steam, which then rotates a turbine and generates electricity. Despite a recent boom in renewable energy use, coal remains the primary source of electricity generation worldwide. Global energy generation has expanded dramatically over the past three decades, going from less than 11,000 terawatt-hours in 1990 to over 27,000 terawatt-hours in 2022, and from 2022 to 2025, it is predicted that global electricity demand would increase by more than 2% year on average.

Challenges

  • Less economically viable than other fossil fuels - Coal to liquid is generally considered to be more expensive in comparison to other liquid fuel sources, such as petroleum, biofuels, and gas to liquid. CTL required a significant investment in technology and infrastructure, therefore the overall cost of producing CTL is generally higher than other fuels.
  • Negative impact on land, water, and wildlife habitats
  • Technological limitation as it is relatively new technology

Coal to Liquid Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

8.7%

Base Year Market Size (2024)

USD 4.46 billion

Forecast Year Market Size (2037)

USD 13.19 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Author Credits:  Dhruv Bhatia


  • Report ID: 4884
  • Published Date: Dec 20, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of coal to liquid is assessed at USD 5.1 billion.

The 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. Growing number of automobiles and the increasing need to lower the carbon footprint will boost the market growth.

Asia Pacific industry is predicted to account for largest revenue share of 35% by 2037, impelled by huge presence of coal reserves in the region.

The major players in the market are Linc Energy Systems, DKRW Energy LLC, China Shenhua Energy Co. Ltd, Coal India Ltd., Altona Rare Earths PLC, Siemens Energy, Sasol Ltd., JSW Steel, Celanese Corporation, TransGas Development Systems, LLC., Invinity Energy, Systems, BHP Group plc
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