The Global Syngas and Chemical Derivatives Market was valued at USD 53.2 Billion in 2024 and is projected to reach USD 78.9 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.8% during the forecast period (2024–2030). This robust growth is fueled by the escalating demand for cleaner chemical feedstocks, the transition towards low-carbon economies, and the versatility of syngas in producing essential derivatives like methanol, ammonia, and hydrogen.

As the global economy prioritizes sustainability and energy security, syngas technology is at the forefront, enabling the production of vital chemicals from diverse feedstocks, including natural gas, coal, and biomass. In this blog, we profile the Top 10 Companies in the Syngas and Chemical Derivatives Industry—a group of technology providers, chemical giants, and engineering firms shaping the future of chemical production.

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🔟 1. Air Liquide

Headquarters: Paris, France
Key Offering: Syngas Production Technologies, Hydrogen, CO Supply, Gas Purification

Air Liquide is a world leader in gases, technologies, and services for industry and health. The company is a cornerstone of the syngas value chain, providing state-of-the-art technologies for syngas production, purification, and distribution. Its offerings are critical for producing methanol, ammonia, and other high-value chemicals.

Innovation and Sustainability Focus:

• Pioneering carbon capture solutions for cleaner syngas production (Cryocap™ technology)

• Large-scale investments in low-carbon and renewable hydrogen production

• Global network supporting chemical producers with reliable syngas and feedstock supply

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9️⃣ 2. Linde plc

Headquarters: Guildford, United Kingdom
Key Offering: Syngas Plants, Process Technologies (e.g., SMR-POX), Oxygen Supply

Linde is a leading industrial gases and engineering company with a formidable portfolio of syngas production technologies. Its proprietary processes, such as steam methane reforming and partial oxidation, are industry standards for efficient and scalable syngas generation for chemical synthesis.

Innovation and Sustainability Focus:

• Development of advanced autothermal reforming (ATR) technology for large-scale, efficient syngas production

• Strategic focus on blue and green hydrogen integration into syngas value chains

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8️⃣ 3. Air Products and Chemicals, Inc.

Headquarters: Allentown, Pennsylvania, USA
Key Offering: Syngas Supply, Methanol Production Technologies, Gasification Plants

Air Products is a global leader in the syngas and hydrogen markets, with massive-scale projects underway. The company’s expertise spans from supplying merchant syngas to building and operating world-scale gasification facilities that convert feedstock into syngas for chemical production.

Innovation and Sustainability Focus:

• World’s largest green hydrogen-based ammonia project in Saudi Arabia (NEOM)

• Advanced gasification technology for converting petroleum coke and coal into syngas

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7️⃣ 4. Sasol Limited

Headquarters: Johannesburg, South Africa
Key Offering: Fischer-Tropsch (FT) Fuels and Chemicals, Wax, Ammonia, Alcohols

Sasol is a global integrated chemicals and energy company renowned for its proprietary Fischer-Tropsch technology. It is one of the world’s largest producers of syngas-derived chemicals and fuels, converting coal and natural gas into a wide array of products.

Innovation and Sustainability Focus:

• Transitioning its Secunda site (world’s largest syngas production facility) towards lower emissions

• Investing in sustainable aviation fuel (SAF) and green hydrogen projects

Download FREE Sample Report: Syngas and Chemical Derivatives Market – View in Detailed Research Report

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6️⃣ 5. Shell plc

Headquarters: London, United Kingdom
Key Offering: Syngas Technology Licensing (Shell Gasification Process), Methanol, Hydrogen

Shell is a major player in syngas technology through its proprietary Shell Gasification Process (SGP). This technology is licensed worldwide to convert heavy residues and coal into syngas for power, hydrogen, and chemical production, positioning Shell as a key technology enabler.

Innovation and Sustainability Focus:

• Developing blue hydrogen projects with integrated carbon capture and storage (CCS)

• Exploring biomass gasification for bio-methanol and other renewable chemicals

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5️⃣ 6. Haldor Topsoe

Headquarters: Lyngby, Denmark
Key Offering: Syngas Process Catalysts, Methanol Synthesis Loops, Ammonia Technology

Haldor Topsoe is a world-leading provider of high-performance catalysts and proprietary technologies for the syngas and chemical industries. Its solutions are critical for optimizing the efficiency of syngas production and its conversion into methanol, ammonia, and fuels.

Innovation and Sustainability Focus:

• Pioneering the eREACT® technology for electrified steam methane reforming to reduce carbon footprint

• Leading provider of catalysts for sustainable fuel production, including SAF and green ammonia

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4️⃣ 7. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Syngas Catalysts, Chemical Intermediates (Methanol, Oxo-alcohols), Process Chemicals

BASF, the world’s largest chemical producer, is deeply integrated into the syngas value chain. The company is a major consumer of syngas-derived intermediates like methanol for its vast product portfolio and a leading supplier of specialized catalysts used in syngas-related processes.

Innovation and Sustainability Focus:

• Development of novel catalysts for more efficient CO2 utilization and conversion via syngas routes

• Committed to net-zero CO2 emissions by 2050, driving R&D in green syngas production pathways

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3️⃣ 8. Mitsubishi Heavy Industries, Ltd. (MHI)

Headquarters: Tokyo, Japan
Key Offering: Gasification Systems, CO2 Capture Technology, Chemical Plant Engineering

MHI is a global industrial and engineering powerhouse with advanced gasification technology for syngas production from various feedstocks. The company provides integrated solutions for chemical plants, emphasizing efficiency and environmental performance.

Innovation and Sustainability Focus:

• Leading the development of the “Advanced KM CDR Process” for highly efficient carbon capture from syngas streams

• Engineering solutions for ammonia and methanol production with lower carbon intensity

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2️⃣ 9. TechnipFMC

Headquarters: Houston, Texas, USA
Key Offering: Syngas and Hydrogen Production Units, Ammonia Plant Design, EPC Services

TechnipFMC is a leading technology and project management company for the energy industry. Its expertise in designing and building syngas, hydrogen, and ammonia plants makes it a critical partner for companies looking to establish or expand their chemical production capabilities.

Innovation and Sustainability Focus:

• Provider of proprietary steam reforming technology for low-cost hydrogen and syngas

• Actively involved in engineering projects for blue and green ammonia production

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1️⃣ 10. Johnson Matthey

Headquarters: London, United Kingdom
Key Offering: Syngas Catalysts, Hydrogen Technology, Methanol-to-Olefins (MTO) Process

Johnson Matthey is a global leader in sustainable technologies, with a strong focus on catalysts and chemical processes essential for the syngas industry. Its technologies enable the efficient production of methanol, hydrogen, and other key derivatives from syngas.

Innovation and Sustainability Focus:

• Development of LCH™ technology for lower-carbon hydrogen production from natural gas

• Leading catalyst supplier for blue hydrogen projects with carbon capture

Get Full Report Here: Syngas and Chemical Derivatives Market – View in Detailed Research Report

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🌍 Outlook: The Future of Syngas is Sustainable and Versatile

The syngas and chemical derivatives market is undergoing a fundamental transformation. While traditional production methods remain vital, the industry is rapidly innovating to integrate carbon capture, utilize renewable feedstocks, and produce low-carbon hydrogen. Syngas is increasingly viewed as a crucial bridge to a circular and sustainable chemical economy.

📈 Key Trends Shaping the Market:

• Accelerated adoption of biomass and waste gasification for bio-syngas and circular chemicals

• Rising investments in green and blue hydrogen projects, directly tied to syngas production pathways

• Technological advancements in electrocatalysis for “electric” syngas production (e-syngas) from CO2 and water

• Strong policy support and subsidies for low-carbon chemical production in North America, Europe, and Asia

Get Full Report Here: Syngas and Chemical Derivatives Market – View in Detailed Research Report

The companies listed above are not only enabling the production of essential chemicals—they are actively decarbonizing one of the world’s most critical industrial sectors.