Type (GTL Fuel, GTL Chemicals)
The GTL fuel segment in the gas-to-liquid market is estimated to gain the largest revenue share of 60 % in the year 2037. Regulatory bodies worldwide are implementing stricter emission regulations and standards to combat air pollution and improve air quality. For example, the International Maritime Organization (IMO) has imposed regulations to reduce sulfur emissions from marine fuels. GTL fuels can help meet these stringent emission standards as they have significantly lower sulfur content and produce fewer particulate matter emissions. GTL fuels provide an alternative source of liquid transportation fuels, helping to enhance energy security and mitigate the risks associated with geopolitical tensions and oil price volatility.
End User (Residential, Industrial, Transportation)
Gas-to-liquid market from the residential segment is expected to garner a significant share in the year 2037. There is an increasing demand for cleaner-burning fuels in the residential sector to reduce pollution and improve indoor air quality. According to the World Health Organization (WHO), about 3.8 million premature deaths occur globally each year due to indoor air pollution. GTL fuels offer a cleaner-burning alternative to traditional fuels like oil, coal, or biomass, resulting in reduced emissions of particulate matter, sulfur, and other pollutants.
Our in-depth analysis of the global market includes the following segments:
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Author Credits: Rajrani Baghel
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