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2021
Gas Treatment Market

Gas Treatment Market by Type (Amines, Glycol Dehydration, Triazine, and Other) and Application (Acid gas removal, Dehydration): Global Opportunity Analysis and Industry Forecast, 2021–2030

A13795
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Dec 2021 | 30 Views
   
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COVID-19

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Gas treatment is a process of working on the quality of the gas by eliminating unwanted mixtures. Gas treating is also known as gas conditioning, and the process majorly utilizes amine solutions for absorbing undesirable corrosive gases like hydrogen sulfide and carbon dioxide in the atmosphere. 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 refining stages. The increase in demand for natural gas in various regions is projected to boost the demand for gas treatment applications. Strict regulatory policies and sustainable mandates concerning the environment are expected to boost the demand for gas treatment chemicals. Increase in industrial activity coupled with rise in demand for gas treatment chemicals is anticipated to drive the market growth. In addition, the increase in contributions of various environmental quality associations and research and development activities adopted by companies to enhance air quality foster the growth prospects of the gas treatment chemicals market.
Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

  2020–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit  

  Value (USD)

  Segments Covered

  Type, Application, and Region

  Regions Covered

  North America, Europe, Asia-Pacific, LAMEA

  Companies Covered

DowDuPont Inc., BASF SE, Ecolab Inc., Huntsman International LLC, Berryman Chemicals Inc., SAMSON CONTROLS INC, Amines & Plasticizers Ltd., Eunisell Chemicals

 

COVID-19 Impact analysis

  • The gas treatment market is expected to witness a slowdown, owing to decline in demand and supply chain disruptions due to the global COVID-19 outbreak.
  • Chemical industry has severely affected due to the global lockdown, owing to witness the production in various countries. Being the major application area for gas treatment, it restricts the growth prospects of the gas treatment market.
  • The companies involved in manufacturing gas treatments equipment were on halt due to shortage of labor, which is projected to hamper the growth of the gas treatment market.

Top Impacting Factors
Many emerging cement & chemicals industries such as fly ash and chemical solvent industries are favored industries that enhance the market performance. Increase in population and destruction in the environmental conditions boost the growth of the gas treatment in various developed and developing countries. In addition, the strict environmental policies on the several industries for their various discharge of industrial flue such as thermal power plants, cement industry, refineries, and others are some factors driving the market growth during the forecast period. However, strict environmental policies, lack of awareness about the market in various regions of Latin America, Middle East & Africa and high cost of filters and high installation cost for example, electrostatic precipitators are some of the restraining factors for the growth of the gas treatment market. 
Market Trends

  •  According to the recent studies in which an Integrates Gravity driven Ecological bed (IGEB) was developed for the treatment if greenhouse gases which is released from wastewater in subtropical regions. This method is very efficient in mitigating the greenhouse emission and also cost effective.
  • Another development in the Environmental Engineering by the Technical University of Denmark introduced a method for treatment of landfill gases with low content methane using bio-cover systems. This bio filters are having a good potential in terms of methane removal from landfill compost.
  • Institute if process Metallurgy and Metal Recycling, Aachen University, Germany and ACCUREC Recycling, Germany conducted a research study about the gas generation and mechanical & thermal treatment of Li-ion batteries. Many acute toxicities are released during the thermal and mechanical of the batteries. The toxic gases include HF, CO, COF2, Formaldehyde, and acrolein.
  • In March 2020, Huntsman Corporation had agreement to acquire CVC Thermoset Specialties, a North American specialty chemical manufacturer serving the industrial composites, adhesives and coatings markets. This acquisition will brings valuable complementary technology breadth to our Advanced Materials portfolio and its unique products will make systems using our class-leading epoxy-based materials even tougher, stronger, and more durable.
  • In September 2019, BASF has acquired completely the 100% shares in Isobionics B.V., Geleen, and the Netherlands which help in increasing the product range in natural flavors and fragrances with a focus on citrus oil components.

Key Segments Covered

Segment

Sub-segment

  Type

  •  Amines
    • Monoethanolamine
    • Diethanolamine
    • Methyldiethanolamine
    • Diglycolamine
  • Glycol Dehydration
    • Monoethylene glycol (MEG),
    • Diethylene glycol (DEG
    • Triethylene glycol (TEG).
  • Triazine
    • 1,2,3 Triazine
    • 1,2,4 Triazine
    • 1,3,5 Triazine
  • Other

  Application

  • Acid gas removal
  • Dehydration
  • Others

  Region

 

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
  • Rest of LAMEA

 

 

Key Benefits of the Report

  • This study presents the analytical depiction of the gas treatment industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the gas treatment market share.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the gas treatment market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed gas treatment market analysis based on competitive intensity and how the competition will take shape in coming year
 
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