Synthetic Natural Gas Market
The Synthetic Natural Gas (SNG) market provides a sustainable substitute for conventional fossil fuels, produced from sources like biomass and renewable energy. Its primary customers are industrial sectors and power generation companies seeking to decarbonize operations while using existing gas infrastructure. Key growth drivers include stringent environmental regulations favoring lower emissions, supportive government policies for clean energy, and technological advancements that are improving production efficiency and cost-effectiveness.
CAGR
23.4%
Compound Annual Growth Rate
Current Value
$36.2B
Estimated 2026
Projected Value
$194.5B
By 2034
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