Gas Treatment Market Trend & Forecast

Market Insights

The Gas Treatment Market was estimated to grow from USD 3.69 billion in 2021 to USD 5.75 billion by 2028 at a CAGR of 6.42% during the forecast period of 2022-2028.

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What is Gas Treatment?

Gas Treatment is a method of adding cleaning agents to clean up the gas from harmful elements such as carbon, varnish, and others.

Gas Treatment is done through amines or non-amines. Acid-gas removal and dehydration are some of the eminent application areas where gas treatment is used.

Key Players

Some of the major players in the market are-

• Varichem International
• Berryman Chemicals Inc.
• Ecolab Inc.
• BASF SE
• Clariant International Ltd.
• Dowdupont Inc.
• Eunisell Chemicals
• Hexion Inc.
• Huntsman International LLC
• Innospec Inc.

Drivers

The growing demand for natural gas in different regions will bolster the claim for gas treatment applications.

The gas treatment application is employed in the elimination of hydrogen sulfide and carbon dioxide gases from the natural gas watercourse and crude oil during refining phases.

Triggered by the rising urbanization and burgeoning economy, the electricity demand is mounting fast, which further paces up the usage of natural gas as a fuel spring well driven by its minimal environmental footmark and easy obtainability to suit the escalating demand.

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Segmentation

By Type

The amines segment is expected to hold the larger share of the market in the coming five years, in terms of both value and volume.

The market is segmented into amines and non-amines. The growth is attributed to the higher market share of amines, which is accentuated by their high rejuvenation ability and cost-effectiveness against other gas treatments.

By Application Type

The acid gas removal application segment is estimated to lead the market, in terms of both value and volume, during the forecast period.

The market is segmented as acid gas removal and dehydration. The growth of this segment is driven by the growing cognizance of natural gas as a cleanser source for electricity generation in different countries, such as Malaysia, Indonesia, China, and India, and the rising compliance with the environmental protocols by various industries for curbing air pollution in the developed economies.

By Region

Asia-Pacific is estimated to be the fastest-growing market for gas treatment, globally, in terms of volume.

The market is sustained by the presence of a large industrial base in the region and the rising demand for gas treatment from the oil & gas sector. Further, various initiatives adopted by governments of different countries of the region to entice investments from various international companies are anticipated to drive the growth of the market during the forecast period. China and India are the growth engines of the region. North America and Europe are also expected to offer substantial growth opportunities in the coming five years.

The market is segmented into the following categories. 

By Type:

• Amines
  • Regional: North America, Europe, Asia-Pacific, and RoW
  • Type: Primary Amines, Secondary Amines, and Tertiary Amines
• Non-Amines
  • Regional: North America, Europe, Asia-Pacific, and RoW
  • Type: Triazine, Glycols, and Others

By Application Type:

• Acid Gas Removal 
• Dehydration

By Region:

• North America (The USA, Canada, and Mexico) 
• Europe (Germany, France, the UK, Russia, and the Rest of Europe)
• Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region: Latin America, the Middle East, and Others)

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players and those willing to enter the market.

The following are the key features of the report:

• Overview, industry life cycle, and supply chain analysis
• Environment analysis: Growth drivers and constraints, Porter’s five forces, and SWOT analysis
• Trend and forecast
• Segment trends and forecast
• Competitive landscape and dynamics: Market share, product portfolio, Technology launches, etc.
• Attractive segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Target Audience

Here is the list of the group of customers that the market hopes to have the greatest opportunity to convert-

• Manufacturers
• Suppliers
• Distributors
• Organizations
• Government bodies

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.