Gas Treatment Market Research Report - Global Forecast to 2030

Gas Treatment Market Information by Type (Amines, Non-Amines and others), Application (Power Plants, Refineries, Pulp & Paper, Metal & Mining, Food & Beverages, Oil & Gas, Sugar), and by Region – Global Forecast to 2030

ID: MRFR/CnM/5227-HCR | February 2023 | Region: Global | 100 Pages         

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Gas Treatment Market

The gas treatment market was valued at USD 3,572 Mn in 2017 and is expected to catapult to USD 4,950 Mn by the end of 2030.

By Type Amines Non-Amines and others
By Application Power Plants Refineries Pulp & Paper Metal & Mining Food & Beverages Oil & Gas Sugar
Key Players
Companies Profiled   Huntsman International LLC (US)   Akzo Nobel N.V. (The Netherlands)   Berryman Chemical Inc. (US)   Clariant (Switzerland)   Hexion (US)   BASF SE (Germany)   Ecolab (US)   DowDuPont (US)   Exxon Mobil Corporation (US)   Eunisell Limited (Nigeria).
Market Driving Forces   The growth of the gas treatment market can also be linked to the environmental benefits of natural gas in comparison with other alternatives and escalating awareness
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 Global Gas Treatment Market Research (MRFR Insights)

The  gas treatment market is projected to register a CAGR of 5.7% from 2022 to 2030. It is expected that the  gas treatment market size will reach approximately USD 4950 billion by 2030. A clean and effective fuel to burn is natural gas. It is employed in the efficient production of power. There are far fewer hazardous gas emissions, such as carbon dioxide, than coal or other energy sources. Petrochemical companies, refineries, natural gas processing plants, and other industrial verticals substantially use the gas treatment process. The market for gas treatment will rise as a result of this. Untreated dangerous and toxic substances included in natural gas, such as carbon dioxide and hydrogen sulfide, can cause pipeline and vessel early failure and rapid failure. Before being released on a big scale, the treatment eliminates these dangerous compounds. Natural gas is highly sought after for the production of electricity. It is a cleaner energy source, and steam and gas turbines, which are used to produce electricity, are where it is most widely used.

COVID-19 Impact Analysis

The COVID-19 pandemic has harmed the need for gas treatment technology. One major industry impacted by the COVID-19 pandemic is the gas industry. In 2020, gas production was halted as a result of the shutdown. According to the U.S. Energy Information Administration (EIA), from March to April 2021, natural gas output decreased by 316 mmcf/d across all U.S. regions. As a result, the need for gas treatment may be hampered by the difficulty in producing gas.

Market Dynamics

The gas industry's growth is predicted to open up new market opportunities worldwide. The method of gas treatment improves the performance of liquified petroleum gas. Therefore, it is anticipated that large corporations' rising investment will stimulate the  market. For example, the Canadian Association of Petroleum Producers (CAPP) estimates that Canadian oil and gas businesses will spend USD 27.3 billion in 2021. Additionally, it is anticipated that investment in Alberta's oil sands will increase from U.S. $6.7 billion in 2020 to U.S. $7.3 billion in 2021. As a result, these expenditures are anticipated to accelerate market expansion ly. 
During this period, the gas treatment market is anticipated to increase due to governments worldwide investing in the natural gas sector. For instance, the U.S. Energy Information Administration (EIA) projects that natural gas production will rise to 384.9 billion cubic meters, or about half of the country's total natural gas production. It is predicted that the electric power sector will use around 38% of all the natural gas utilized in the U.S. In addition, India generated 127.01 billion units of electricity from renewable sources in 2021, according to the India Brand Equity Foundation (IBEF). By 2030, the Indian government wants to produce 523 GW of renewable energy. In addition, by 2029, India is anticipated to invest $500 billion in renewable energy. Consequently, it is anticipated that expanding the power generation scenario will increase the product demand during the forecast period.

 Gas Treatment Market Drivers

  • Increasing demand for natural gas owing to its low environmental footprint

Natural gas is a fuel that burns cleanly and efficiently and is utilized in a wide range of applications. Natural gas is becoming more popular since it emits fewer harmful gases than coal or other energy sources, such as carbon dioxide, leading to increased use. Despite being a fossil fuel, natural gas has substantially fewer  warming gas emissions when used compared to coal or oil. When burned in a new, effective natural gas power station, natural gas produces 50% to 60% less carbon dioxide (CO2) than emissions from a new coal plant. The market for gas treatment will expand due to the growing demand for natural gas and its minimal environmental impact.
Additionally, since natural gas processing necessitates severing the raw natural gas from the condensate and water, using natural gas reduces emissions that are harmful to the environment. Additionally, it's important to effectively remove the contaminants, which include mercury, carbonyl sulfide (COS), carbon dioxide (CO2), mercaptans, hydrogen sulfide (H2S), carbon dioxide (CO2), and other sulfur compounds, to stay ahead of regulatory requirements and increasingly sour natural gas resources. Because of its small environmental impact, natural gas is becoming increasingly popular, one of the key factors propelling the growth of the worldwide gas treatment market.

  • Growing power generation by renewable sources is estimated to need gas treatment

  • The growing investment in the natural gas sector by governments across the globe

Market Restraints:

  • Gas treatment technology poses a health risk during gas production

The gas treatment enhances the gas quality and is used to get liquefied petroleum gas free of sour gases. However, natural gas releases carbon dioxide during production and has a high level of toxic hydrogen sulfide. Headaches, wooziness, tremors, and other symptoms are brought on by carbon dioxide at concentrations between 40000 and 100000 ppm. Its extreme exposure (concentration >100000 ppm) can also have negative health effects like convulsions and coma. In addition, hydrogen sulfide is an extremely poisonous and flammable toxin that irritates the throat, nose, and eyes. As a result, the processing may be reduced due to numerous health impacts, which may interfere with the need for gas treatment.
Market Opportunities:

  • Growing demand for engine downsizing and lightweight vehicles

Energy demand growth and the pharmaceutical industry's expanding requirements are two major drivers of opportunity in this market. Additionally, expanding uses in the chemical processing sector, such as refining oil and gas, offer tremendous prospects for participants in this market.

Segment Overview

By Type Insights
The  gas treatment market segmentation based on type, includes amines, primary amines, secondary amines, tertiary amines, non-amines, triazine, glycols, and others. The  gas treatment market growth was prominently high under the amines segment in 2021. They offer a higher potential for regeneration and are more affordable than other gas treatments, which drives market expansion. The requirement to eliminate pollutants from various gases, such as hydrogen sulfide, carbon dioxide, and nitrogen oxide, is driving an increase in the need for gas treatment processes. This demand is anticipated to fuel the market expansion for this category.

By Application Insights
The  gas treatment market segmentation based on application, includes acid gas removal and dehydration. The acid gas removal segment had a prominent share in 2021. Natural gas is becoming more widely recognized as a cleaner energy source for electricity generation in various nations, including Malaysia, Indonesia, China, and India. This segment is also growing as more industries adhere to environmental regulations to reduce air pollution in developed economies.

 Global Gas Treatment Market Share by Region, 2021 (%)
Gas Treatment Market Share by Region, 2021

 Gas Treatment Market Overview, by Regional
By region, the  gas treatment market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific accounted for the most dominant market share. North America is projected to exhibit the highest CAGR during the review period.

Asia-Pacific accounted for the most extensive gas treatment market share in 2021. The substantial industrial base in the area and the rising need for gas treatment from the oil and gas industry are credited with the region's growth. The gas treatment market is anticipated to increase during the forecast period due to several steps by governments in various nations, including China and India in the region, to entice investments from various international businesses.

North America
North America is anticipated to encounter the fastest growth rate during the forecast period. Due to the rising demand for environmentally friendly and efficient chemical processes, the oil and gas production, petrochemical, and power generating sectors are expected to boost the gas treatment market in this area.

 Gas Treatment Market Competitive Landscape

The market includes tier-1, tier-2, and local players. The key market participants generally pursue new gas treatment market categories. Leading companies are concentrating on purchasing feed mills and small factories to grow their operations in domestic and international markets. For instance, in September 2021, A investment decision was made by Royal Dutch Shell plc (Shell) to construct an 820,000-tonne-per-year biofuels facility at the former Pernis refinery in Rotterdam, the Netherlands. With the help of this breakthrough, the company may generate renewable diesel made from waste and sustainable aviation fuel (SAF).
Prominent  gas treatment market players include Dow, DuPont, Huntsman International, Ecolab, Clariant, BASF, Berryman Chemicals, Innospec, Varichem International, Eunisell Chemicals, and Hexion, among others.

Scope of the  Gas Treatment Market Segmantation

 Gas Treatment Market, By Type Outlook

  • Amines

  • Primary Amines

  • Secondary amines

  • Tertiary amines

  • Non-amines

  • Triazine

  • Glycols

  • Others

 Gas Treatment Market, By Application Outlook

  • Acid gas removal

  • Dehydration

 Gas Treatment Market, By Region Outlook

  • North America

    • US

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • India

    • Japan

    • Australia and New Zealand

    • Rest of Asia-Pacific

  • Rest of the World

    • South America

    • Middle East

    • Africa

Objectives of the Study
The objectives of the study are summarized in 5 stages. They are as mentioned below:

  • Gas Treatment Market Forecast & Size:

To identify and estimate the market size for the  gas treatment market segmented by type & application by value (in US dollars). Also, to understand the consumption/ demand created by consumers of gas treatment between 2022 and 2030 according to the  gas treatment market forcast.

  • Market Landscape and Trends:

To identify and infer the drivers, restraints, opportunities, and challenges for the  gas treatment market growth.

  • Market Influencing Factors:

To find out the factors which are affecting the sales and  gas treatment market size among consumers

  • Impact of COVID-19:

To identify and understand the various factors involved in the  gas treatment market affected by the pandemic

  • Company Profiling:

To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

Intended Audience

  • Manufacturers

  • Raw Material Suppliers

  • Retailers, Wholesalers, and Distributors

  • Governments, Associations, and Industrial Bodies

  • Investors and Trade Experts

Report Scope:

Report Attribute/Metric Details
Market Size 2030: USD 4950 billion
CAGR  5.7% CAGR (2022-2030)
Base year  2021
Forecast Period  2022-2030
Historical Data  2020
Forecast Units  Value (USD Billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered  Type, Application
Geographies Covered  North America, Europe, Asia-Pacific, and the Rest of the World (RoW)
Key Vendors Dow, DuPont, Huntsman International, Ecolab, Clariant, BASF, Berryman Chemicals, Innospec, Varichem International, Eunisell Chemicals, Hexion
Key Market Opportunities Growing demand for engine downsizing and lightweight vehicles

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Frequently Asked Questions (FAQ) :

The  gas treatment market forecast period is 2022 - 2030

The market is growing at a CAGR of 5.7% over the next 10 years, according to the  gas treatment market research.

North America is predicted to register the highest CAGR during 2022 - 2030

Asia-Pacific held the largest share in 2021

Dow, DuPont, Huntsman International, Ecolab, Clariant, BASF, and Berryman Chemicals are the major companies operating in the  gas treatment market.