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. As per ten analysis of Market Research Future (MRFR), the gas treatment market is expected to exhibit an upswing and expand at a CAGR of 5.76% over the forecast period of 2022-2030.
Being a versatile fuel, the demand for natural gas has witnessed a rise in the recent years, especially the industrial sector has exhibited a higher consumption of gas. This has been a catalyst for the growth of the gas treatment market. 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 regarding the same. In addition, stringent air pollution control regulations in multiple countries are also providing an impetus to the growth of the market by inducing more demand for gas treatment to ensure adherence to environmental norms. Discovery of new gas reserves in various parts of the world has also created ample opportunities for the growth of the gas treatment market. However, the market growth might be restricted by capital intensive nature of the market which also makes it difficult for new players to penetrate the market. Tough competition from substitutes and limited availability of raw material coupled with associated exorbitant cost also impede the growth of the market.
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), and Eunisell Limited (Nigeria).
This MRFR report on gas treatment market gives an overview of the current market trends and metrics and also provides an outlook for major segments. Projections regarding the growth of the market in specific segments is also discussed. This report finds that the global gas treatment market gas treatment finds application in power plants, refineries, pulp & paper, metal & mining, food & beverages, oil & gas, and sugar. The scope of the report also covers amines and non-amines type of gas treatment. A revenue analysis of the global gas treatment market across the regions of North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa is also included along with detailed country-level market sizes. The report also highlights the leading players in the global gas treatment market and evaluates their position in the market. Insights on Annual revenue, geographical presence of key players, their growth strategies and initiatives for R&D is provided.
The report has its roots firmly set in meticulous strategies provided by the expert data analysts of Market Research Future (MRFR). The research methodology involves gathering of information by analysts only to have them analyzed and filtered minutely in an endeavor to provide relevant predictions about the market. The research process further incorporates interviews with chief market influencers which makes the primary research pertinent and effective. The secondary method gives a clear peek into the demand and supply relationship. The top-down and bottom-up approaches employed gives a precise data analysis and provides a tour of the entire market. In addition, publicly available sources such as annual reports, SEC filings, and white papers have been used by MRFR data analysts for a profound cognizance of the market. The research methodology clearly reflects an intent to render an all-inclusive view of the market by having it analyzed against various parameters. The valuable inputs enrich the report and provides an edge over the peers.
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Type, Application and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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), and Eunisell Limited (Nigeria).|
|Key Market Opportunities||Discovery of new gas reserves in various parts of the world has also created ample opportunities for the growth|
|Key Market Drivers||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|
Frequently Asked Questions (FAQ) :
The global gas treatment market is set to grow commendably while achieving revenues worth USD 4,950 MN by 2030.
The valuation of the global gas treatment market had reached USD 3,572 MN in 2017, which is expected to further appreciate at 5.76% CAGR during the assessment period (2018-2030).
Escalating demand for natural gas from various industries.
North America holds the largest share in the global gas treatment market followed by Europe and Asia Pacific, respectively.
Ecolab (US), DowDuPont (US), Huntsman International LLC (US), Clariant (Switzerland), Hexion (US), BASF SE (Germany), Exxon Mobil Corporation (US), Akzo Nobel N.V. (The Netherlands), Berryman Chemical Inc. (US), and Eunisell Limited (Nigeria), are some of the major players operating in the global gas treatment market.