Gas-to-Liquid Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Gas-to-Liquid Market in 2025 is assessed at USD 3.41 billion. The global market size was over USD 3.29 billion in 2024 and is set to experience a CAGR of over 4.4%, reaching USD 5.76 billion by 2037. Asia Pacific is expected to hit USD 1.84 billion by 2037, impelled by rapid urbanization and increasing regional fuel demand.
The growth of the market can be attributed to the rising demand for the cleaner burning fuels. The resulting liquid fuels from GTL processes are cleaner-burning and have lower sulfur content compared to conventional crude oil-based fuels, making them attractive from an environmental perspective. For instance, data published by the UK government on Liquid Gas stated that LPG is more environmentally friendly than coal as it emits 12% less than oil and 33% less carbon dioxide than coal.
Additionally, GTL normal paraffin is an impeccable feedstock for the production of the detergent, replacing oil-based kerosene. The detergent derived in such a way has reduced environmental impact, less naphthalene content, and low aromatic content. The chemically loaded detergent causes eutrophication, which is alarming for the global water bodies. For instance, in June 2024, the National Ocean Service stated that 65% of the coastal waters and estuaries present in the contiguous U.S. (excluding Hawaii and Alaska) have deteriorating water quality due to excessive nutrient inputs. The rising efforts to reduce such contamination are further fueling the market growth.
