The global "Gas Treatment Market size was valued USD 3.56 billion in 2017 and is projected to reach USD 4.96 billion by 2023, at a CAGR of 5.7% between 2018 and 2023. In this study, 2017 has been considered as the base year, while 2018–2023 is considered as the forecast period.
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Browse 79 market data Tables and 32 Figures spread through 109 Pages and in-depth TOC on "Gas Treatment Market.
The stakeholders in the gas treatment market are as follows:
- Crude oil producers
- Natural gas producers and processors
- Amine manufacturers
- Glycol manufacturers
- Oil & gas associations
- Distributors of amines and glycols
- Suppliers of raw materials
- Environment Support Agencies
Amines segment to lead the gas treatment market, during the forecast period, in terms of both value and volume
On the basis of type, the amines segment is projected to lead the gas treatment market, during the forecast period, in terms of both value and volume. The removal of acid contaminants from natural gas is necessary for the commercial industrial applications. Acid gases, such as hydrogen sulfide and carbon dioxide, need to be removed to meet the environmental and health and safety standards.
Acid gas removal segment is projected to lead the gas treatment market, during the forecast period, in terms of volume
On the basis of application, the acid gas removal segment is projected to lead the gas treatment market during the forecast period, in terms of both value and volume. Natural gas streams contain hydrogen sulfide and carbon dioxide. These gases are toxic and poisonous and need to be treated. These gases, in the presence of water, are extremely corrosive and can cause premature failure of pipeline, pressure vessels, and valves. Acid gases can also cause catalyst poisoning in refinery vessel and requires expensive precautionary measures. All these factors are responsible for the high growth of the gas treatment market.
APAC gas treatment market is projected to register the highest CAGR, between 2018 and 2023, in terms of volume
The gas treatment market in APAC has immense growth potential. The discovery of new gas fields in the region is expected to fuel the demand for gas treatment during the forecast period. China, Australia, and Malaysia are some of the key countries in the region contributing significantly to the growth of the gas treatment market in the region.
Some of the key players in the gas treatment market are DowDuPont Inc. (US), Huntsman International LLC (US), BASF SE (Germany), Ecolab Inc., and Berryman Chemicals Inc. (US). Investments & expansions was the major growth strategy adopted by the market players, between 2015 and 2018, to enhance their regional foothold and meet the growing demand for gas treatment in the emerging economies.
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COVID-19 Impact Analysis on Vocs Gas Treatment Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2020-2027.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Vocs Gas Treatment Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/vocs-gas-treatment-market/download-sampleMarket DynamicsThe rising implementation of regulations related to occupational health and safety by governments is the major factor driving the VOCs gas treatment market.
The growing awareness regarding controlled air quality leads to high market demand.
The rising imposition of regulations and policies by government associations, such as the Mine Safety and Health Administration (MSHA), and the U.S. Environmental Protection Agency (EPA) and U.S. Environmental Protection Agency (EPA) is stimulating high market demand in the forecast period.
Moreover, increasing use of wireless and smart sensing technology is likely to create lucrative growth opportunities for key players of the VOCs gas treatment market in the coming years.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
