Increasing costs of Licenses is a major challenge to the Global Syngas Market

Reportstack has announced a new market research publication on Increasing costs of Licenses is a major challenge to the Global Syngas Market which finds increasing costs of licenses as a major challenge to the growth of this market. The findings are for the forecast period 2014-2018.

The syngas value chain consists of feedstock suppliers, syngas production technology licensors, producers of syngas and manufacturers of its derivatives, and end-users. The development of syngas production technology requires high R&D expenditure. Due to this, vendors with large technical and financial resources are dominating the market. Such vendors are also innovating continuously through additional infused funds. Moreover, licensees of such technology—producers of syngas—are facing the challenge of paying high amounts in royalties. In addition, fluctuating raw material costs is posing a threat to the profitability of syngas producers, thereby curtailing the growth of the market.

In spite of this, owing to a greater focus on producing syngas from various cost-effective and sustainable resources, the Global Syngas market is witnessing increasing investment in R&D activities. The leading vendors of the market, such as Royal Dutch Shell, Kellogg, Brown and Root, Sasol, have been increasing their investment in the R&D of syngas production technology. In addition, vendors such as General Electric have introduced supporting technology that is aiding in the generation of power from syngas. Such increased investments are leading to enhancement in the efficiency of syngas production and reduced costs over a period.

To determine the scenario for these vendors in the next 3-4 years, analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance. 

To view the table of contents and know more details please visit Increasing costs of Licenses is a major challenge to the Global Syngas Market report.