GAS TREATMENT MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The global gas treatment market is estimated to be valued at USD 5.21 Bn in 2024 and is expected to exhibit a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031. Gas treatment involves removing contaminants and impurities from gas streams in industries such as oil and gas, chemicals and petrochemicals, utilities, and food and beverage. Stringent emission control regulations laid down by governments globally for controlling air pollution have necessitated effective treatment of industrial gases. Rising demand for energy and power along with increasing need to treat emissions from natural gas and refineries have augmented the requirement for gas treatment solutions in recent years. New product launches catering to emerging applications coupled with capacity expansions across major markets are anticipated to drive the industry in the coming years.

Market Dynamics:

The global gas treatment market is witnessing significant growth driven by factors such as stringent emission norms related to sulfur and carbon in industries, increasing demand for natural gas, and steady development of North American shale gas. However, high installation and operational costs associated with gas treatment plants limit the market growth. Growing demand for energy, especially from power plants, refineries, and other process industries offers opportunities for increased adoption of gas cleaning technologies. On the other hand, the impact of the ongoing pandemic on capital spending across major end-use industries may potentially hinder the short-term prospects of market participants to some extent over the forecast period.

Key Features of the Study:

• This report provides in-depth analysis of the global gas treatment market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global gas treatment market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Huntsman International LLC, Akzo Nobel N.V., Berryman Chemical Inc., Clariant, Hexion, BASF SE, Ecolab, DowDuPont, Exxon Mobil Corporation, Eunisell Limited, Black & Veatch, SLB, and Boldrocchi Group.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global gas treatment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global gas treatment market.

Detailed Segmentation-

• By Gas Type:
  • Amines
  • Glycol Dehydration
  • Triazine
  • Others
• By Application:
  • Acid gas removal
  • Dehydration
  • Others
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • Huntsman International LLC
  • Akzo Nobel N.V.
  • Berryman Chemical Inc.
  • Clariant
  • Hexion
  • BASF SE
  • Ecolab
  • DowDuPont
  • Exxon Mobil Corporation
  • Eunisell Limited
  • Black & Veatch
  • SLB
  • Boldrocchi Group