Gas Treatment Market, By Gas Type (Amines, Glycol Dehydration, Triazine, and Others), By Application (Acid gas removal, Dehydration, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Jul 2024

Code : CMI7150

Pages :122

Formats :

Excel and PDF

Industry : Energy

Market Challenges: Stringent land acquisition and regulatory norms

Strict land acquisition and regulatory norms are posing significant challenges for the growth of the global gas treatment market. Obtaining lands for setting up new gas treatment facilities has become an extensive process due to rigid land laws in many countries. Major energy companies often struggle to get the necessary approvals and permissions to procure lands within defined timelines set by their project schedules. Lengthy negotiations, litigation issues, and lack of social consensus are some of the key reasons quoted for delayed land acquisition over the past 5 years according to World Bank data.

Market Opportunities: Emerging economies in Asia Pacific and Middle East

The emerging economies in Asia Pacific and Middle East regions provide huge growth opportunities for the global gas treatment market. These regions are witnessing rapid industrialization and infrastructure development which has significantly increased the energy demands. Various countries in these regions like China, India, Saudi Arabia and UAE are heavily investing in setting up new power plants, manufacturing facilities, transportation sectors and building commercial complexes which require large volumes of treated natural gas and refined petroleum products on a daily basis.