세계의 합성 연료 시장 - 규모, 점유율, 성장 분석 : 원료별, 프로세스별, 연료 유형별, 시장 성숙도별, 환경에 대한 영향별, 용도별, 최종 용도별, 지역별 산업 예측(2025-2032년)

Global Synthetic Fuel Market size was valued at USD 42.2 billion in 2023 and is poised to grow from USD 44.52 billion in 2024 to USD 68.33 billion by 2032, growing at a CAGR of 5.5% during the forecast period (2025-2032).

Synthetic fuels, also known as carbon-neutral fuels, are emerging as a viable alternative to traditional energy sources by capturing CO2 during production and converting it into gasoline, diesel, and substitute natural gas using renewable energy. A key advantage of these fuels is their compatibility with existing filling station infrastructures and the knowledge base surrounding combustion engines. This presents a potential pathway to maintain conventional vehicles alongside increasing electric vehicle adoption. Notably, Bosch predicts that the total cost of ownership for hybrid vehicles powered by synthetic fuels could rival that of long-range electric vehicles over a lifespan of 160,000 kilometers, especially when factoring in the type of renewable energy used in production. This underscores the relevance of synthetic fuels in the evolving energy landscape.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Synthetic Fuel market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Synthetic Fuel Market Segmental Analysis

Global Synthetic Fuel Market is segmented by feedstock, process, fuel type, market maturity, environmental impact, application, end use and region. Based on feedstock, the market is segmented into natural gas, methanol, power and other feedstocks. Based on process, the market is segmented into fischer-tropsch synthesis, methanol synthesis, electrolysis and coal liquefaction. Based on fuel type, the market is segmented into gas to liquid fuel, methanol to liquid, power to liquid fuel and other fuel types. Based on market maturity, the market is segmented into prototyping/introductory, emerging and mature. Based on environmental impact, the market is segmented into carbon-neutral/capture technologies and low-carbon/conventional. Based on application, the market is segmented into gasoline, diesel and kerosene. Based on end use, the market is segmented into transportation, industrial and chemical & others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Synthetic Fuel Market

The global synthetic fuel market is primarily driven by decreased production costs resulting from the increased adoption of variable renewable energy (VRE) sources. This adoption is pivotal for making green hydrogen more affordable. Additionally, the ability to utilize and monetize excess renewable energy production further contributes to lowering the costs of green hydrogen via electrolysis. The demand from the chemical industry for synthetic gas is on the rise as syngas is integral for producing synthetic natural gas (SNG), which finds applications in the rail, marine, and road transport sectors as liquefied natural gas (LNG) and compressed natural gas (CNG).

Restraints in the Global Synthetic Fuel Market

The global synthetic fuel market faces significant constraints primarily due to the high capital costs associated with manufacturing plants and the expenses linked to capturing CO2 and hydrogen. As outlined in studies by UK TIMES and TIAM-UCL, these costs currently render synthetic fuels substantially more expensive than traditional fossil-based kerosene, even when negative emission technologies are employed to reduce CO2 emissions. To fully comprehend the investment risks linked to these technologies, a more in-depth techno-economic analysis is essential. This analysis would help elucidate how fluctuations in capital and input costs can impact overall pricing and market viability.

Market Trends of the Global Synthetic Fuel Market

The Global Synthetic Fuel market is witnessing a significant shift towards sustainability, driven by the growing adoption of green hydrogen technologies. As companies and governments prioritize carbon neutrality, synthetic fuels derived from renewable energy sources are gaining traction. Green hydrogen, produced using renewable energies, is becoming a crucial component for creating sustainable fuels that emit only water when burned, aligning with global decarbonization goals. Moreover, the integration of hydrogen as a means of energy storage addresses the challenges of intermittent renewable energy supply, facilitating smoother energy distribution across regions. This trend underscores a transformative phase in the energy sector, promoting cleaner alternatives to traditional fossil fuels.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Drivers & Opportunities
  • Restraints & Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2024
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Customer & Buying Criteria Analysis
• Patent Analysis
• Trade Analysis
• Case Study Analysis

Global Synthetic Fuel Market Size by Feedstock & CAGR (2025-2032)

• Market Overview
• Natural Gas
• Methanol
• Power
• Other Feedstocks

Global Synthetic Fuel Market Size by Process & CAGR (2025-2032)

• Market Overview
• Fischer-Tropsch Synthesis
• Methanol Synthesis
• Electrolysis
• Coal Liquefaction

Global Synthetic Fuel Market Size by Fuel Type & CAGR (2025-2032)

• Market Overview
• Gas To Liquid Fuel
• Methanol To Liquid
• Power To Liquid Fuel
• Other Fuel Types

Global Synthetic Fuel Market Size by Market Maturity & CAGR (2025-2032)

• Market Overview
• Prototyping/Introductory
• Emerging
• Mature

Global Synthetic Fuel Market Size by Environmental Impact & CAGR (2025-2032)

• Market Overview
• Carbon-Neutral/Capture Technologies
• Low-Carbon/Conventional

Global Synthetic Fuel Market Size by Application & CAGR (2025-2032)

• Market Overview
• Gasoline
• Diesel
• Kerosene

Global Synthetic Fuel Market Size by End Use & CAGR (2025-2032)

• Market Overview
• Transportation
• Industrial
• Chemical & Others

Global Synthetic Fuel Market Size & CAGR (2025-2032)

• North America (Feedstock, Process, Fuel Type, Market Maturity, Environmental Impact, Application, End Use)
  • US
  • Canada
• Europe (Feedstock, Process, Fuel Type, Market Maturity, Environmental Impact, Application, End Use)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Feedstock, Process, Fuel Type, Market Maturity, Environmental Impact, Application, End Use)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Feedstock, Process, Fuel Type, Market Maturity, Environmental Impact, Application, End Use)
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Feedstock, Process, Fuel Type, Market Maturity, Environmental Impact, Application, End Use)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2024
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2024
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2022-2024)

Key Company Profiles

• Shell
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Sasol
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• CHN Energy Investment Group Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Chevron Renewable Energy Group
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• ExxonMobil Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• TotalEnergies
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Neste
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Petro SA
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Linde Engineering
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Synthesis Energy Systems, Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Dakota Gasification Company
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Topsoe
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Maire Tecnimont S.p.A.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Sunfire GmbH
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• RWE
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• QatarEnergy
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Norsk e-Fuel
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Prometheus Fuels
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SkyNRG
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Synhelion SA
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations