Global Gas Treatment Market to 2023 Featuring Key Players - DowDuPont, Huntsman International, BASF, Ecolab, and Berryman Chemicals
Thursday, October 11, 2018
DUBLIN, Oct. 11, 2018 /PRNewswire/ --
The "Gas Treatment Market by Type (Amines and Non-Amines), Application (Acid Gas Removal and Dehydration), and Region (North America, APAC, Europe, Middle East, Commonwealth of Independent States & Africa, and South America) - Global Forecasts to 2023" report has been added to ResearchAndMarkets.com's offering.
The market size of gas treatment was USD 3.76 billion in 2018 and is projected to reach USD 4.96 billion by 2023, at a CAGR of 5.7% from 2018 to 2023.
The gas treatment are used in the removal of hydrogen sulfide and carbon dioxide gases from the natural gas stream and from crude oil during refining stages. The increasing demand for natural gas in various regions will boost the demand for gas treatment application. Owing to the increasing urbanization and improving economy, the demand for electricity is rising rapidly, which further augments the use of natural gas as a fuel source owing to its low environmental footprint and easy availability to meet the growing demand.
On the basis of type, the amines segment is estimated to account for the largest share of the gas treatment market, during the forecast period, in terms of both value and volume. The high market share of amines is backed by its high regeneration ability and cost-effectiveness in comparison to other gas treatment.
Among applications, the acid gas removal segment is projected to lead the gas treatment market during the forecast period, in terms of value and volume. Gas treatment are widely used in oil & gas processing. The high demand in this segment can be attributed to the increasing awareness of natural gas as a cleaner source for electricity generation in various countries such as China, Malaysia, Indonesia, and India and the increasing adherence to environmental regulations by various industries for air pollution in developed countries.
Gas Treatment Market
APAC is the fastest-growing market for gas treatment, globally, in terms of volume. The growth of the APAC gas treatment market can be attributed to the large industrial base in the region and increased demand for gas treatment from the oil & gas industry. In addition, several initiatives undertaken by governments of different countries of the region to attract investments from various international companies are expected to propel the growth of the market during the forecast period.
Insufficient supply and the high cost of specialized raw materials and increasing competition from substitutes are the major challenges for the growth of the gas treatment market. DowDuPont Inc. (US), Huntsman International LLC (US), BASF SE (Germany), Ecolab Inc., and Berryman Chemicals Inc. (US) are the key players operating in the gas treatment market.
These companies have adopted various organic as well as inorganic growth strategies between 2015 and 2018 to strengthen their position in the market. Investments & expansions is the key growth strategies adopted by these leading players to enhance their regional presence and meet the growing demand for gas treatment from emerging economies.
Key Topics Covered:
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.5 Unit Considered
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
188.8.131.52 Key Data From Secondary Sources
2.1.2 Primary Data
184.108.40.206 Key Data From Primary Sources
220.127.116.11 Key Industry Insights
18.104.22.168 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions and Limitations
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Gas Treatment Market
4.2 Gas Treatment Market, By Type
4.3 Gas Treatment Market, By Application
4.4 Gas Treatment Market, By Region
4.5 North American Gas Treatment Market, By Application and Country
5 Market Overview
5.1 Market Dynamics
22.214.171.124 Growing Demand for Natural Gas
126.96.36.199 Stringent Air Pollution Control Regulations
188.8.131.52 Insufficient Supply and High Cost of Specialized Raw Materials
184.108.40.206 Increasing Competition From Substitutes
220.127.116.11 Discovery of New Gas Fields
5.2 Porter's Five Forces Analysis
5.2.1 Threat of New Entrants
5.2.2 Threats of Substitutes
5.2.3 Bargaining Power of Suppliers
5.2.4 Bargaining Power of Buyers
5.2.5 Intensity of Competitive Rivalry
6 Macroeconomic Indicators
6.1.1 Trends and Forecast of Per Capita GDP
6.1.2 Natural Gas Production
7 Gas Treatment Market, By Type
7.2.1 Primary Amines
7.2.2 Secondary Amines
7.2.3 Tertiary Amines
8 Gas Treatment Market, By Application
8.2 Acid Gas Removal
9 Gas Treatment Market, By Region
9.2 North America
9.3.5 Rest of Europe
9.4.6 Rest of APAC
9.5 Middle East, Cis & Africa
9.5.2 Saudi Arabia
9.5.7 Rest of Middle East, Cis & Africa
9.6 South America
9.6.3 Rest of South America
10 Competitive Landscape
10.2 Market Ranking of Key Players
10.2.1 Huntsman International LLC
10.2.2 BASF SE
10.2.3 Dowdupont Inc.
10.2.4 Ecolab Inc.
10.2.5 Berryman Chemicals Inc.
10.3 Competitive Situations & Trends
10.3.1 New Product Launches
10.3.2 Investments & Expansions
11 Company Profiles
11.1 Huntsman International LLC
11.2 BASF SE
11.3 Dowdupont Inc.
11.4 Ecolab Inc.
11.5 Berryman Chemicals Inc.
11.6 Clariant International Ltd.
11.7 Eunisell Chemicals
11.8 Hexion Inc.
11.9 Innospec Inc.
11.10 Varichem International
11.11 Other Players
11.11.1 Advance Petrochemicals Ltd.
11.11.2 Akzonobel N.V.
11.11.3 Amine & Plasticizers Limited
11.11.4 Baker Hughes Inc.
11.11.5 Baze Chemical
11.11.6 Doorf Ketal Chemicals
11.11.7 Exxon Mobil Corporation
11.11.8 Mcc Chemicals, Inc.
11.11.9 Production Chemical Group
11.11.10 Sintez Oka Group of Companies
For more information about this report visit https://www.researchandmarkets.com/research/4w87mt/global_gas?w=5
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