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Asia Pacific Coal Gasification Liquid Hydrogen Market
Updated On

Feb 24 2025

Total Pages

60

Asia Pacific Coal Gasification Liquid Hydrogen Market Soars to 898.7 Million , witnessing a CAGR of 3.5 during the forecast period 2025-2033

Asia Pacific Coal Gasification Liquid Hydrogen Market by Distribution (Pipelines, Cryogenic tanks), by End Use (Transportation, Chemicals, Others), by Asia Pacific (China, India, Japan, Australia, South Korea, Indonesia, Malaysia, Singapore, Thailand, Vietnam, Philippines, Sri Lanka) Forecast 2025-2033

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Asia Pacific Coal Gasification Liquid Hydrogen Market Soars to 898.7 Million , witnessing a CAGR of 3.5 during the forecast period 2025-2033

Key Insights

The size of the Asia Pacific Coal Gasification Liquid Hydrogen Market was valued at USD 898.7 Million in 2024 and is projected to reach USD 1143.40 Million by 2033, with an expected CAGR of 3.5% during the forecast period. The Coal Gasification Liquid Hydrogen Market in the Asia Pacific centers on generating hydrogen via coal gasification, a method that transforms coal into syngas, which is subsequently refined to create liquid hydrogen. This market is fueled by the increasing need for clean energy alternatives, with hydrogen viewed as a crucial factor in moving towards a low-carbon economy. Liquid hydrogen offers considerable advantages for storage and transport compared to gaseous hydrogen, making it highly promising in fields like energy, transportation, and manufacturing. The growing use of hydrogen fuel cells in automobiles and the demand for hydrogen-centric energy storage solutions are crucial elements driving market expansion. Additionally, with nations in the Asia Pacific region, especially China, India, and Japan, concentrating on diversifying energy sources and minimizing carbon emissions, coal gasification methods are being investigated as a means to generate hydrogen more effectively. The market is further bolstered by progress in gasification technologies and government initiatives that encourage the growth of a hydrogen economy. With the region's focus on sustainable energy initiatives, the Asia Pacific Coal Gasification Liquid Hydrogen Market is projected to grow swiftly in the near future.

Asia Pacific Coal Gasification Liquid Hydrogen Market Research Report - Market Size, Growth & Forecast

Asia Pacific Coal Gasification Liquid Hydrogen Market Concentration & Characteristics

The market is moderately concentrated, with Air Products and Chemicals holding the largest share. Technological advancements and product innovation are driving market growth, while government regulations and end-user preferences play a significant role. The market is characterized by high capital investment and long-term contracts.

Asia Pacific Coal Gasification Liquid Hydrogen Market Trends

Increasing adoption of hydrogen as a clean fuel, rising demand for liquid hydrogen for transportation, and growing investment in hydrogen production facilities are key market trends. Environmental concerns and government initiatives are driving the market's expansion, while technological advancements in gasification and liquefaction technologies are providing new opportunities.

Asia Pacific Coal Gasification Liquid Hydrogen Market Growth

Key Region or Country & Segment to Dominate the Market

China and Japan are major markets for coal gasification liquid hydrogen in the Asia Pacific region. The transportation segment is expected to dominate the market, followed by chemicals and other industries. Pipelines are the primary distribution method, while cryogenic tanks are gaining popularity due to their flexibility and ease of storage.

Asia Pacific Coal Gasification Liquid Hydrogen Market Product Insights Report Coverage & Deliverables

The report provides comprehensive coverage of the Asia Pacific Coal Gasification Liquid Hydrogen Market, including market size, growth drivers, restraints, challenges, and opportunities. It also includes competitive analysis, company profiles, and industry news.

Asia Pacific Coal Gasification Liquid Hydrogen Market Analysis

The market's value is estimated at $898.7 million in 2023 and is projected to reach $1.4 billion by 2027, growing at a CAGR of 3.5%. China and Japan account for the majority of the market share, with other countries such as India, Australia, and South Korea emerging as potential growth markets.

Asia Pacific Coal Gasification Liquid Hydrogen Market Regional Insights

  • China: The largest market in the Asia Pacific region, driven by strong demand for clean energy and government incentives.
  • Japan: A key market for liquid hydrogen transportation and storage, with investments in hydrogen infrastructure development.
  • India: A growing market with potential for coal gasification liquid hydrogen production and utilization.
  • Australia: A potential market with abundant coal resources and government support for hydrogen technologies.

Driving Forces: What's Propelling the Asia Pacific Coal Gasification Liquid Hydrogen Market

  • Increasing demand for clean energy and reduction of carbon emissions
  • Government incentives and policies promoting renewable energy development
  • Technological advancements in gasification and liquefaction technologies
  • Growing investment in hydrogen production and infrastructure

Challenges and Restraints in Asia Pacific Coal Gasification Liquid Hydrogen Market

  • High capital investment and long-term project timelines
  • Limited end-user demand and infrastructure development outside major markets
  • Competition from alternative clean energy technologies, such as solar and wind power

Emerging Trends in Asia Pacific Coal Gasification Liquid Hydrogen Market

  • Growing adoption of hydrogen-powered vehicles and fuel cell technologies
  • Development of large-scale hydrogen production facilities
  • Use of hydrogen as a feedstock in chemical and industrial processes
  • Expansion of hydrogen distribution networks

Asia Pacific Coal Gasification Liquid Hydrogen Industry News

  • April 2021: Air Products acquires the remaining 50% stake in its joint venture with China Shenhua Coal to Liquid and Chemical Co. Ltd.
  • March 2021: Two facilities in Victoria, Australia, begin producing liquefied hydrogen from brown coal.

Leading Players in the Asia Pacific Coal Gasification Liquid Hydrogen Market

Asia Pacific Coal Gasification Liquid Hydrogen Market Segmentation

  • 1. Distribution
    • 1.1. Pipelines
    • 1.2. Cryogenic tanks
  • 2. End Use
    • 2.1. Transportation
    • 2.2. Chemicals
    • 2.3. Others

Asia Pacific Coal Gasification Liquid Hydrogen Market Segmentation By Geography

  • 1. Asia Pacific
    • 1.1. China
    • 1.2. India
    • 1.3. Japan
    • 1.4. Australia
    • 1.5. South Korea
    • 1.6. Indonesia
    • 1.7. Malaysia
    • 1.8. Singapore
    • 1.9. Thailand
    • 1.10. Vietnam
    • 1.11. Philippines
    • 1.12. Sri Lanka

Asia Pacific Coal Gasification Liquid Hydrogen Market Regional Share

Asia Pacific Coal Gasification Liquid Hydrogen Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2019-2033
Base Year 2024
Estimated Year 2025
Forecast Period2025-2033
Historical Period2019-2024
Growth RateCAGR of 3.5% from 2019-2033
Segmentation
    • By Distribution
      • Pipelines
      • Cryogenic tanks
    • By End Use
      • Transportation
      • Chemicals
      • Others
  • By Geography
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • Indonesia
      • Malaysia
      • Singapore
      • Thailand
      • Vietnam
      • Philippines
      • Sri Lanka

Table of Contents

  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1 Abundant coal reserves
        • 3.2.2 Energy security and resource utilization
      • 3.3. Market Restrains
        • 3.3.1. High carbon emissions
      • 3.4. Market Trends
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. Asia Pacific Coal Gasification Liquid Hydrogen Market Analysis, Insights and Forecast, 2019-2031
    • 5.1. Market Analysis, Insights and Forecast - by Distribution
      • 5.1.1. Pipelines
      • 5.1.2. Cryogenic tanks
    • 5.2. Market Analysis, Insights and Forecast - by End Use
      • 5.2.1. Transportation
      • 5.2.2. Chemicals
      • 5.2.3. Others
    • 5.3. Market Analysis, Insights and Forecast - by Region
      • 5.3.1. Asia Pacific
  6. 6. Competitive Analysis
    • 6.1. Market Share Analysis 2024
      • 6.2. Company Profiles
        • 6.2.1 Air Products and Chemicals
          • 6.2.1.1. Overview
          • 6.2.1.2. Products
          • 6.2.1.3. SWOT Analysis
          • 6.2.1.4. Recent Developments
          • 6.2.1.5. Financials (Based on Availability)
        • 6.2.2 Air Liquide
          • 6.2.2.1. Overview
          • 6.2.2.2. Products
          • 6.2.2.3. SWOT Analysis
          • 6.2.2.4. Recent Developments
          • 6.2.2.5. Financials (Based on Availability)
        • 6.2.3 General Electric Power
          • 6.2.3.1. Overview
          • 6.2.3.2. Products
          • 6.2.3.3. SWOT Analysis
          • 6.2.3.4. Recent Developments
          • 6.2.3.5. Financials (Based on Availability)
        • 6.2.4 Iwatani Corporation
          • 6.2.4.1. Overview
          • 6.2.4.2. Products
          • 6.2.4.3. SWOT Analysis
          • 6.2.4.4. Recent Developments
          • 6.2.4.5. Financials (Based on Availability)
        • 6.2.5 J-Power
          • 6.2.5.1. Overview
          • 6.2.5.2. Products
          • 6.2.5.3. SWOT Analysis
          • 6.2.5.4. Recent Developments
          • 6.2.5.5. Financials (Based on Availability)
        • 6.2.6 KBR
          • 6.2.6.1. Overview
          • 6.2.6.2. Products
          • 6.2.6.3. SWOT Analysis
          • 6.2.6.4. Recent Developments
          • 6.2.6.5. Financials (Based on Availability)
        • 6.2.7 Kawasaki Heavy Industries
          • 6.2.7.1. Overview
          • 6.2.7.2. Products
          • 6.2.7.3. SWOT Analysis
          • 6.2.7.4. Recent Developments
          • 6.2.7.5. Financials (Based on Availability)
        • 6.2.8 Linde
          • 6.2.8.1. Overview
          • 6.2.8.2. Products
          • 6.2.8.3. SWOT Analysis
          • 6.2.8.4. Recent Developments
          • 6.2.8.5. Financials (Based on Availability)
        • 6.2.9 Messer
          • 6.2.9.1. Overview
          • 6.2.9.2. Products
          • 6.2.9.3. SWOT Analysis
          • 6.2.9.4. Recent Developments
          • 6.2.9.5. Financials (Based on Availability)
        • 6.2.10 Shell Global
          • 6.2.10.1. Overview
          • 6.2.10.2. Products
          • 6.2.10.3. SWOT Analysis
          • 6.2.10.4. Recent Developments
          • 6.2.10.5. Financials (Based on Availability)
        • 6.2.11 Sinopec
          • 6.2.11.1. Overview
          • 6.2.11.2. Products
          • 6.2.11.3. SWOT Analysis
          • 6.2.11.4. Recent Developments
          • 6.2.11.5. Financials (Based on Availability)

List of Figures

  1. Figure 1: Asia Pacific Coal Gasification Liquid Hydrogen Market Revenue Breakdown (Million, %) by Product 2024 & 2032
  2. Figure 2: Asia Pacific Coal Gasification Liquid Hydrogen Market Share (%) by Company 2024

List of Tables

  1. Table 1: Asia Pacific Coal Gasification Liquid Hydrogen Market Revenue Million Forecast, by Region 2019 & 2032
  2. Table 2: Asia Pacific Coal Gasification Liquid Hydrogen Market Volume K Tons Forecast, by Region 2019 & 2032
  3. Table 3: Asia Pacific Coal Gasification Liquid Hydrogen Market Revenue Million Forecast, by Distribution 2019 & 2032
  4. Table 4: Asia Pacific Coal Gasification Liquid Hydrogen Market Volume K Tons Forecast, by Distribution 2019 & 2032
  5. Table 5: Asia Pacific Coal Gasification Liquid Hydrogen Market Revenue Million Forecast, by End Use 2019 & 2032
  6. Table 6: Asia Pacific Coal Gasification Liquid Hydrogen Market Volume K Tons Forecast, by End Use 2019 & 2032
  7. Table 7: Asia Pacific Coal Gasification Liquid Hydrogen Market Revenue Million Forecast, by Region 2019 & 2032
  8. Table 8: Asia Pacific Coal Gasification Liquid Hydrogen Market Volume K Tons Forecast, by Region 2019 & 2032
  9. Table 9: Asia Pacific Coal Gasification Liquid Hydrogen Market Revenue Million Forecast, by Distribution 2019 & 2032
  10. Table 10: Asia Pacific Coal Gasification Liquid Hydrogen Market Volume K Tons Forecast, by Distribution 2019 & 2032
  11. Table 11: Asia Pacific Coal Gasification Liquid Hydrogen Market Revenue Million Forecast, by End Use 2019 & 2032
  12. Table 12: Asia Pacific Coal Gasification Liquid Hydrogen Market Volume K Tons Forecast, by End Use 2019 & 2032
  13. Table 13: Asia Pacific Coal Gasification Liquid Hydrogen Market Revenue Million Forecast, by Country 2019 & 2032
  14. Table 14: Asia Pacific Coal Gasification Liquid Hydrogen Market Volume K Tons Forecast, by Country 2019 & 2032
  15. Table 15: China Asia Pacific Coal Gasification Liquid Hydrogen Market Revenue (Million) Forecast, by Application 2019 & 2032
  16. Table 16: China Asia Pacific Coal Gasification Liquid Hydrogen Market Volume (K Tons) Forecast, by Application 2019 & 2032
  17. Table 17: India Asia Pacific Coal Gasification Liquid Hydrogen Market Revenue (Million) Forecast, by Application 2019 & 2032
  18. Table 18: India Asia Pacific Coal Gasification Liquid Hydrogen Market Volume (K Tons) Forecast, by Application 2019 & 2032
  19. Table 19: Japan Asia Pacific Coal Gasification Liquid Hydrogen Market Revenue (Million) Forecast, by Application 2019 & 2032
  20. Table 20: Japan Asia Pacific Coal Gasification Liquid Hydrogen Market Volume (K Tons) Forecast, by Application 2019 & 2032
  21. Table 21: Australia Asia Pacific Coal Gasification Liquid Hydrogen Market Revenue (Million) Forecast, by Application 2019 & 2032
  22. Table 22: Australia Asia Pacific Coal Gasification Liquid Hydrogen Market Volume (K Tons) Forecast, by Application 2019 & 2032
  23. Table 23: South Korea Asia Pacific Coal Gasification Liquid Hydrogen Market Revenue (Million) Forecast, by Application 2019 & 2032
  24. Table 24: South Korea Asia Pacific Coal Gasification Liquid Hydrogen Market Volume (K Tons) Forecast, by Application 2019 & 2032
  25. Table 25: Indonesia Asia Pacific Coal Gasification Liquid Hydrogen Market Revenue (Million) Forecast, by Application 2019 & 2032
  26. Table 26: Indonesia Asia Pacific Coal Gasification Liquid Hydrogen Market Volume (K Tons) Forecast, by Application 2019 & 2032
  27. Table 27: Malaysia Asia Pacific Coal Gasification Liquid Hydrogen Market Revenue (Million) Forecast, by Application 2019 & 2032
  28. Table 28: Malaysia Asia Pacific Coal Gasification Liquid Hydrogen Market Volume (K Tons) Forecast, by Application 2019 & 2032
  29. Table 29: Singapore Asia Pacific Coal Gasification Liquid Hydrogen Market Revenue (Million) Forecast, by Application 2019 & 2032
  30. Table 30: Singapore Asia Pacific Coal Gasification Liquid Hydrogen Market Volume (K Tons) Forecast, by Application 2019 & 2032
  31. Table 31: Thailand Asia Pacific Coal Gasification Liquid Hydrogen Market Revenue (Million) Forecast, by Application 2019 & 2032
  32. Table 32: Thailand Asia Pacific Coal Gasification Liquid Hydrogen Market Volume (K Tons) Forecast, by Application 2019 & 2032
  33. Table 33: Vietnam Asia Pacific Coal Gasification Liquid Hydrogen Market Revenue (Million) Forecast, by Application 2019 & 2032
  34. Table 34: Vietnam Asia Pacific Coal Gasification Liquid Hydrogen Market Volume (K Tons) Forecast, by Application 2019 & 2032
  35. Table 35: Philippines Asia Pacific Coal Gasification Liquid Hydrogen Market Revenue (Million) Forecast, by Application 2019 & 2032
  36. Table 36: Philippines Asia Pacific Coal Gasification Liquid Hydrogen Market Volume (K Tons) Forecast, by Application 2019 & 2032
  37. Table 37: Sri Lanka Asia Pacific Coal Gasification Liquid Hydrogen Market Revenue (Million) Forecast, by Application 2019 & 2032
  38. Table 38: Sri Lanka Asia Pacific Coal Gasification Liquid Hydrogen Market Volume (K Tons) Forecast, by Application 2019 & 2032

STEP 1 - Identification of Relevant Samples Size from Population Database

Step Chart
bar chart
method chart

STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

approach chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segemnts, product and application.

Note* : In applicable scenarios

STEP 3 - Data Sources

Primary Research

  • Web Analytics
  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

  • Annual Reports
  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
approach chart

STEP 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.

Frequently Asked Questions

1. What is the projected Compound Annual Growth Rate (CAGR) of the Asia Pacific Coal Gasification Liquid Hydrogen Market?

The projected CAGR is approximately 3.5%.

2. Which companies are prominent players in the Asia Pacific Coal Gasification Liquid Hydrogen Market?

Key companies in the market include Air Products and Chemicals, Air Liquide, General Electric Power, Iwatani Corporation, J-Power, KBR, Kawasaki Heavy Industries, Linde, Messer, Shell Global, Sinopec.

3. What are the main segments of the Asia Pacific Coal Gasification Liquid Hydrogen Market?

The market segments include Distribution, End Use.

4. Can you provide details about the market size?

The market size is estimated to be USD 898.7 Million as of 2022.

5. What are some drivers contributing to market growth?

Abundant coal reserves. Energy security and resource utilization.

6. What are the notable trends driving market growth?

N/A

7. Are there any restraints impacting market growth?

High carbon emissions.

8. Can you provide examples of recent developments in the market?

In April 2021, Air Products has now fully acquired the remaining 50% stake in its joint venture with China Shenhua Coal to Liquid and Chemical Co. Ltd. Initially holding a 50% share following its acquisition of GE Power’s gasification division in 2019, this move strengthens Air Products' presence in China's gasification sector. The acquisition enhances the company’s portfolio of gasification technologies and bolsters its technical and engineering capabilities within the region.

9. What pricing options are available for accessing the report?

Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3,250, USD 3,750, and USD 5,750 respectively.

10. Is the market size provided in terms of value or volume?

The market size is provided in terms of value, measured in Million and volume, measured in K Tons.

11. Are there any specific market keywords associated with the report?

Yes, the market keyword associated with the report is "Asia Pacific Coal Gasification Liquid Hydrogen Market," which aids in identifying and referencing the specific market segment covered.

12. How do I determine which pricing option suits my needs best?

The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.

13. Are there any additional resources or data provided in the Asia Pacific Coal Gasification Liquid Hydrogen Market report?

While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.

14. How can I stay updated on further developments or reports in the Asia Pacific Coal Gasification Liquid Hydrogen Market?

To stay informed about further developments, trends, and reports in the Asia Pacific Coal Gasification Liquid Hydrogen Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.

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