Gas to Liquid (GTL) Market Revenue Share Analysis, Region & Country Forecast, 2030
Gas to Liquid (GTL) Market Dynamics Gas to Liquid (GTL) Market is predicted to grow at USD 17,563.9 Million by the end of 2025 with a 5.91% CAGR, during the forecast period. Growing demand for liquid fuels due to higher terms of convenience of transport and storage, coupled with rising adoption of clean energy sources by individuals around the globe, are some of the main factors estimated to bolster the growth of the target market over the forecast period. In addition, technological progress, along with guidance introduced by various governments, like the Petroleum and Natural Gas Regulatory Board Act, 2006, the Oil Industry (Development) Act, 1974, and the Oilfields (Regulation and Development) Act, 1948, is likely to promote the conservation of petroleum products in various sectors / end-users of the economy. Furthermore, the government's strict regulations on carbon footprint control to encourage cleaner fuel sources are set to play an essential role in the development o...