Top 10 Companies in Synthetic Natural Gas Market: Statistics Report Till 2035
RELEASE DATE: Oct 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, the Global Synthetic Natural Gas Market Size is projected to grow from USD 22.65 Billion in 2024 to USD 245.13 Billion by 2035, at a CAGR of 24.17% during the forecast period 2025–2035. The global synthetic natural gas (SNG) market is steadily growing due to various factors, such as increased emphasis on eco-friendly options, rising demand for clean energy sources, and recent technological innovations in gasification methods.
Introduction
The global industry that produces, distributes, and uses synthetic natural gas (SNG), a synthetic alternative to conventional natural gas, is known as the synthetic natural gas (SNG) Market. The main processes used to produce SNG are gasification and methanation, which transform carbon-based feedstocks like coal, biomass, municipal solid waste, or carbon dioxide and hydrogen into methane, the primary component of natural gas. This synthetic gas can be used interchangeably in applications such as transportation fuel, heating, and electricity generation because it mimics the characteristics of natural gas. Synthetic natural gas is a fuel that can be produced from fossil fuels like coal and biofuels, as well as sustainable sources. It serves as a substitute for crude oil and is ideal for pipeline transportation of natural gas. It is put together by deoxygenating after coal and/or biofuel have been gasified. Advanced energy and gasification technologies are implemented, and SNG, which is produced from coal, biomass, and municipal solid waste, can be utilised as a natural gas substitute with improved energy security and lower greenhouse gas emissions. Its industrial applications are being strengthened through integration with networks of speciality and industrial gases.
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Synthetic Natural Gas Market Size & Statistics
- The Market Size for Synthetic Natural Gas Was Estimated to be worth USD 22.65 Billion in 2024.
- The Market is Going to Expand at a CAGR of 24.17% between 2025 and 2035.
- The Global Synthetic Natural Gas Market Size is anticipated to reach USD 245.13 Billion by 2035.
- Asia Pacific is estimated to generate the highest demand during the forecast period in the synthetic natural gas market.
- Europe is projected to grow the fastest during the forecast period in the synthetic natural gas market.
Regional growth and demand
Europe is expected to grow at the fastest CAGR over the forecast period in the synthetic natural gas market. European nations are making significant investments in synthetic natural gas technology and hastening the development of global supply chains for SNG. Additionally, the use of SNG as a cleaner substitute for traditional fuels is fueled by Europe's excellent commercial infrastructure and dedication to environmental sustainability. Furthermore, Europe is a vital centre for SNG production and distribution due to its advantageous geographic location and established alternative relationships, which also reinforce its market dominance. The growing demand for SNG, particularly in the commercial and industrial sectors, is in line with the region's strong awareness of renewable energy sources.
Asia Pacific is anticipated to generate the highest demand during the forecast period in the synthetic natural gas market. This is due to the rising need for clean energy sources in nations like China and India. Additionally, the process became more economical and efficient due to technological developments in SNG production techniques, which raised the product's market demand. Growth in the regional SNG market is expected to be aided by the abundance of natural gas reserves in nations like Australia and Indonesia, which offer dependable feedstock for the production of synthetic natural gas. For instance, China is trying to lessen its reliance on coal and lessen its environmental effects, which is driving up demand for cleaner energy sources like SNG with technology developments in gasification combined with government initiatives supporting cleaner energy.
Top 10 Trends in the Synthetic Natural Gas Market
- Power-to-Gas (P2G) Expansion
- Biomass and Waste-to-Gasification Growth
- Advances in Methanation Technologies
- Carbon Capture, Utilisation, and Storage (CCUS) Integration
- Transportation Sector Adoption
- Grid Injection and Energy Storage
- Industrial Decarbonization
- Regional Policy Support
- Hybrid Systems and Co-Generation
- Rising Investments and Strategic Partnerships
1. Power-to-Gas (P2G) Expansion
The growing interest in using methanation and electrolysis to turn excess renewable electricity into SNG.
Further, essential for long-term energy storage and grid balancing.
2. Biomass and Waste-to-Gasification Growth
Thermal gasification of biomass and municipal waste is gaining traction as a sustainable SNG source. Supports circular economy and decarbonization goals.
3. Advances in Methanation Technologies
The efficiency and scalability of biological and catalytic methanation processes are being improved. One of the main priorities is integration with carbon capture systems.
4. Carbon Capture, Utilisation, and Storage (CCUS) Integration
CCUS is being used more and more in SNG projects to lower lifecycle emissions and earn green certifications.
5. Transportation Sector Adoption
Particularly in areas with surpluses of renewable energy, SNG is being investigated as a cleaner substitute for compressed natural gas (CNG) vehicles.
Empower your strategic planning:
Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the synthetic natural gas market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 10 Companies Leading the Synthetic Natural Gas Market
- Air Liquide
- Air Products and Chemicals, Inc
- BASF SE
- Methanex
- Sasol
- Shell
- Synthesis Energy Systems, Inc.
- The Linde Group
- Yankuang Group
- Yara International
1. Air Liquide
Headquarters: Paris, France
Air Liquide provides technologies and services for gases. The company is divided into three business segments with Global Markets & Technologies, Engineering & Construction, and Gas & Services. Services for performance monitoring and operation management are offered by Gas & Services. Engineering & Construction creates industrial gas production facilities for conventional, alternative, and renewable energy plants. Air Liquide announced plans to invest $850 million in low-carbon oxygen production in Baytown, Texas, in June 2024. This investment would support ExxonMobil's hydrogen project and expand the company's industrial footprint in the United States.
2. Air Products and Chemicals, Inc.
Headquarters: Allentown, Pennsylvania, United States
Leading industrial gas company Air Products and Chemicals, Inc. has a wealth of experience in gasification, hydrogen production, and synthetic gas (syngas) technologies, which are essential to the production of synthetic natural gas (SNG). Advanced technological solutions, including partial oxidation (POx) and steam methane reforming (SMR), are offered by the company for the flexible and effective production of synthesis gas from a variety of feedstocks, including natural gas and refinery off-gases. The technologies from Air Products support the production of SNG and other synthetic fuels by enabling high methane conversion rates and minimal environmental impact. Additionally, the company uses its worldwide infrastructure and technical expertise to facilitate cleaner energy transitions.
3. BASF SE
Headquarters: Rhineland-Palatinate, Germany
BASF SE is a global chemical company with chemicals, industrial solutions, materials, surface technologies, nutrition & care, and agricultural solutions are some of its seven business segments. The chemicals section contains intermediates and petrochemicals. The Materials section offers inorganic basic products and specialities for the plastic and plastic processing industries, as well as advanced materials and their precursors for applications like isocyanates and polyamides. Lower greenhouse gas emissions through creative CCUS solutions, Enerflex and BASF partnered to implement carbon capture technology in June 2024.
4. Methanex
Headquarters: Vancouver, British Columbia, Canada
Methanex has production facilities in the US, Canada, Chile, Egypt, New Zealand, Trinidad and Tobago, and other countries. The company places a strong emphasis on sustainability. It is actively investigating low-carbon and carbon-neutral methanol production methods, such as using hydrogen with carbon capture technologies and renewable natural gas. The company Methanex is positioned as a key player in the shift to cleaner synthetic fuels due to its production capabilities and strategic focus on decarbonization. It uses methanol as an industrial feedstock and energy carrier that is suitable for SNG markets.
5. Sasol
Headquarters: Sandton, Johannesburg, South Africa
The company, which mainly produces synthetic natural gas (SNG) and other synthetic fuels at its Secunda operations, is a pioneer in the fields of gas-to-liquids (GTL) and coal-to-liquids (CTL). Sasol uses patented techniques like the Sasol Slurry Phase DistillateTM (SPD) and Fischer-Tropsch technologies to transform coal and natural gas into premium synthetic fuels and chemicals. Sasol can create cleaner-burning fuels thanks to these processes, which promote energy security and improvements in air quality. While concentrating on sustainable practices, Sasol is also actively involved in growing its gas supply infrastructure, including creating regional gas-to-power projects and importing LNG.
Are you ready to discover more about the Synthetic Natural Gas market?
The report provides an in-depth analysis of the leading companies operating in the global Synthetic Natural Gas market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Air Liquide
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Air Liquide
- Air Products and Chemicals, Inc
- BASF SE
- Methanex
- Sasol
- Shell
- Synthesis Energy Systems, Inc.
- The Linde Group
- Yankuang Group
- Yara International
- Others.
Conclusion
The Synthetic Natural Gas (SNG) Market Size is rapidly expanding as a result of increasing demand for cleaner, sustainable energy options and advancements in gasification and methanation technologies. Market forecasts suggest it will expand from roughly USD 22.65 billion in 2024 to USD 245.13 billion by 2035, achieving a remarkable CAGR of about 24.17%. Significant regional factors involve the increasing energy requirements in the Asia Pacific, especially in China and India, along with Europe's dedication to sustainability and the adoption of cleaner fuels, positioning it as the fastest-developing area. The market features substantial investments in cutting-edge technologies like Power-to-Gas development, biomass and waste gasification, carbon capture, utilisation and storage (CCUS), and enhancements in methanation. This market presents significant opportunities for stakeholders to utilise contemporary technologies and regulations focused on carbon neutrality and ecological sustainability.
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