Gas Treatment Market

Gas Treatment Market Size & Growth (2023-2028)

The gas treatment market accounted for 6.7 billion USD in 2022, and it is expected to reach a value of 8.9 billion USD, growing at a compound annual growth rate of 8.6% over the foreseen period from 2023-2028

The gas treatment is used in the removal of hydrogen sulfide and carbon dioxide gases from the natural gas stream and from crude oil during the stages of refinement. Therefore, an increase in demand for natural gas in various regions will boost the demand for gas treatment applications. Due to the increasing urbanization and improving economy, the demand for electricity is also proliferating, which further bolsters the use of natural gas as a fuel source as it has a low environmental footprint and easy availability to meet the growing demand. The lack of investments in industries is slowing things down in the global gas treatment market. North America is a global hub for oil, but electric vehicles are slowing down the popularity of conventional vehicles and thus demand is decreasing. During the coronavirus pandemic, oil prices have significantly fallen across the globe.  Emission control standards in developed nations of Europe and North America have become more stringent and makers are forced to stick to the declared emission regulations. In addition to this, they have beefed up their Gas treatment activities as well. For an instance, the European Union EU has different emission standards for diesel and petrol vehicles.

The amines segment is expected to account for the largest share of the gas treatment market, during the forecast period of 2020 to 2025, in terms of both value and volume. The high market share is strengthened by the high regeneration ability and economic feasibility of amines in comparison to other gas treatments. The acid gas removal segment is foreseen to hold the dominant portion in the gas treatment market over the projected period, in terms of both value and volume. Gas treatments are extensively used in oil & gas processing. The high demand in this segment can be attributed to the growing awareness of natural gas as an eco-friendly source of electricity generation in various south Asian countries such as China, Malaysia, Indonesia, and India and the increasing adherence to environmental regulations by various industries for air pollution in developed countries.

Drivers & Restraints in the Gas Treatment Market:

Strict environmental policies on industrial flue discharge from various industries such as thermal power plants, cement industry, refineries, etc are some of the pushing factors for the growth of the market in the forecast period. The rise in the use of electrostatic precipitators & industrial filters in many sectors has given a boost to the market as the regulations on particulate matter emission to control air pollution are very strict.

Many emerging Cement & chemicals by-product industries such as of Fly ash & chemical solvent industries are favored industries that will enhance the market performance. With rapid industrialization, increasing population, & degrading environmental status the rise of gas treatment is one of the priority tasks of many developing & developed economies.

Stringent Environmental policies, lack of awareness about the market in many regions such as in some countries of Latin America & the Middle East & Africa & very high prices of filters & installation of filters such as electrostatic precipitators are some of the factors inhibiting the growth of the market.

GAS TREATMENT MARKET REPORT COVERAGE:

Gas Treatment Market Segmentation:

Gas Treatment Market By Type

• (Amines, Non–Amines)

Gas Treatment Market By Application

• (Acid gas removal, Dehydration)

Gas Treatment Market By Region

• North America

• Europe

• Asia Pacific

• Latin America

• The Middle East & Africa)

In North America, the USA has the world’s leading biotechnology industry that is producing bio-based products at an economic scale. As per the agricultural department of the USA, bio-fuels are rapidly replacing conventional fuels in the country. This provides excellent growth opportunities for the biodiesel industry. Amidst the growth of fuel technologies, the opportunity for the gas treatment market has also increased significantly in recent years.

Nevertheless, the Asia Pacific region is also considered as the fastest-growing market for Gas Treatment. The growing investments in the sectors such as automobiles and power in countries such as China, India, and South Korea have proliferated the demand for this industry in this locale.

Recent Developments 

• Recently a study was carried out in which an Integrated Gravity drove Ecological bed (IGEB) was developed for the treatment of Greenhouse gases released from Wastewater in subtropical regions. It was found that the IGEB system was very effective in mitigating Greenhouse gas emissions & was also cost-effective. 

• Recently, the Department of Environmental Engineering, Technical University of Denmark developed a method for the treatment of Landfill gases with low-content methane using Discover systems. Biofilters were found to have good potential in terms of methane removal from the Landfill compost.

• Institute of Process Metallurgy and Metal Recycling, Aachen University, Germany & ACCURACY Recycling, Germany conducted a research study about gas generation and mechanical & thermal treatment of used Li-Ion batteries. Many toxic gases such as HF, CO, COF2, Formaldehyde, & acrolein are released during the thermal & mechanical of the batteries. It is also known as acute toxicity.

Gas Treatment Market Key Market Players:

1. DOWDu Pont (United States of America)

2. Huntsman International LLC (United States of America)

3. BASF SE (Germany)

4. Eco Lab Inco., Berryman Chemicals (United States of America)

5. Eunisell Chemicals