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The gasification market size is forecast to increase by USD 116.6 billion, at a CAGR of 4.36% between 2023 and 2028. The market is experiencing significant growth due to the increasing global energy demand and the rise in coal production. However, high operating and maintenance costs remain a challenge for market players. To mitigate the environmental impact of gasification, there is a growing trend towards the use of biodegradable materials as feedstock and the integration of carbon capture and storage. Traditional combustion technology is being replaced with advanced gasification processes to improve energy production efficiency and reduce greenhouse gas emissions. Feedstock diversification is another key trend, with waste management emerging as a viable option for sourcing feedstock. Companies are leading the way in this space with their innovative gasification plants. In the air sub-segment, there is a focus on using oxygen, steam, and carbon dioxide (CO2) for enhanced gasification processes. Urea and pet coke are commonly used feedstocks, but ash concentration remains a challenge that needs to be addressed to improve overall plant efficiency.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Feedstock
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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