Gasification Market Plying for Significant Growth During 2018 - 2026
Gasification Market: Overview Gasification is a thermochemical process that converts hydrocarbons such as coal, biomass, natural gas, petroleum, and petcoke into simple molecules known as syngas through partial oxidation with oxygen and air. Gasification is an ideal alternative for clean energy. Hence, it is increasingly being adopted in several industries such as chemicals, oil & gas, and power. There were around 1,099 gasification projects with nearly 2,866 gasifiers in 2016. This number is anticipated to increase further during the forecast period. Gasification Market: Trends & Demands Rise in demand for clean and efficient energy generation technology among residential and industrial applications is driving the global gasification market. Availability of abundant deposits of coal is also fueling the global gasification market. Furthermore, rise in adoption of underground coal gasification (UCG) process is projected to create lucrative opportunities for th...