Gas Treatment Market: A Breakdown of the Industry by Technology, Application, and Geography
Increasing number of initiatives by government to control air pollution is a key factor driving gas treatment market revenue growth
VANCOUER, BC, CANADA, January 31, 2023 /EINPresswire.com/ -- The global gas treatment market size was USD 4.23 Billion in 2021 and is expected to register a revenue CAGR of 5.9% during the forecast period, according to latest analysis by Emergen Research. Increasing initiatives by the government to control air pollution is the key factor driving market revenue growth.
In refineries, petrochemical facilities, natural gas processing plants, and other sectors, gas treatment is a typical unit process. Utilizing cyclone burner technology, specific built-in elements, and selective non-catalytic reduction of nitrogen oxides, exhaust gas treatment systems are integrated. These are typically employed in small firing systems to manage air pollution, separate dust emissions, and oxidise flammable exhaust gas elements and contaminants as effectively as possible. Furthermore, the market for gas treatment is anticipated to increase as a result of environmental protection regulations in various nations. The extraction of natural gas releases waste gases, as do industrial waste gases, and as a result there is a significant need for gas treatment, governments from many different nations have implemented stringent legislation to prevent air pollution.
Key Gas Treatment Market participants include BASF SE., DuPont, Ecolab, Huntsman International LLC, ExxonMobil Corporation, Eunisell Chemicals, Clariant, Amines & Plasticizers Ltd., Alfa Laval Corporate AB., and Yara International ASA.
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Emergen Research follows a cohesive methodology to reduce the residual errors to a minimum level by refining the scope, validating through primary insights, and nurturing the in-house database on a regular basis. A dynamic model is formulated to capture the regular fluctuations in the market and thereby, being updated with any shifts in the market dynamics. The parameters and variables involved in the research vary depending on individual markets and most importantly, both demand and supply side information is included in the model to identify the market gap.
Key inclusions of the Gas Treatment Market report:
COVID-19 effects on growth figures.
Statistical analysis pertaining to market size, sales volume, and overall industry revenue.
Organized mentions of major market trends.
Figures showcasing market growth rate.
Advantages and disadvantages of direct and indirect sales channels.
Insights regarding traders, distributors, and dealers present in the industry.
Some Key Findings from the Report:
The amines segment accounted for largest revenue share in 2021 owing to rising demand to remove contaminants from gases such as hydrogen sulfide, carbon dioxide, and nitrogen oxide. Hydrogen sulphide and carbon dioxide are removed from natural gas in amine treatment facilities. Amine naturally has an affinity for both CO2 and H2S, making this a very effective and efficient removal method.
The dehydration segment is expected to register a steady revenue growth rate over the forecast period due to growing adoption in natural gas treatment. Dehydration is the process of taking moisture out of natural gas and gaseous mixtures. It frequently comes before either low-temperature gas processing or gas pipeline transportation.
The Asia Pacific market is expected to register a fast revenue growth rate during the forecast period due to rising demand for natural gas, as well as increased government initiatives to control air pollution in countries across this region, particularly in China, Japan, and India. India plans to transition to a gas-based economy by 2030, by increasing proportion of natural gas in its energy mix from 6.3% to 15%.
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The Gas Treatment Market research study of historical, current, and forecast estimations for each sector, segment, sub-segment, and regions. The new report is updated with the impact of the COVID-19 pandemic on the Gas Treatment Market .
Emergen Research has segmented global the gas treatment market based on type, application, and region, and region:
Type Outlook (Revenue, USD Billion; 2019-2030)
Application Outlook (Revenue, USD Billion; 2019-2030)
Acid Gas Removal
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Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
What market dynamics does this report cover?
The report shares key insights on:
Current market size
Key drivers and restraints
New product approvals/launch
Promotion and marketing initiatives
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