In recent years, the development of Oil industry has been growing and this trend has made the demand of Gas-to-liquid (GTL) become larger and this trend can be anticipated to fuel the market growth during the forecast period. The Global market scale of Gas to liquids (GTL) was 317 K Barrels/day in 2016. It is expected to reach 436 Barrels/day by 2021, with the CAGR of 5.43%.
Gas to liquids (GTL) is a refinery process to convert natural gas or other gaseous hydrocarbons into longer-chain hydrocarbons such as gasoline or diesel fuel. Methane-rich gases are converted into liquid synthetic fuels either via direct conversion using the new GasTechno? non-catalytic gas-to-liquids process that converts methane to methanol in one step. Or via syngas as an intermediate, for example using the Fischer Tropsch or Mobil processes.
GTL Diesel accounted for more than 68% of the market, and the market share has not changed a lot. GTL Naphtha was much fewer than GTL Diesel.
Gas-to-liquid (GTL) can be used for Fuel Oil, Lubricating Oil, Process Oils and others. The most proportion of Gas-to-liquid (GTL) was Fuel Oil, and the sales proportion was about 65.1% in 2016.
Global mainly relies on Mideast because the raw material of this industry. In terms of consumption, Shell has the largest market in 2016. Other companies have much smaller market.
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