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Hydrogen Sulfide Scavengers are chemicals that are used to remove H2S gas, which is found naturally in crude oil. H2S is a smelly, colorless, combustible, and extremely poisonous gas that creates issues in the oil and gas sector both upstream and downstream. The process of removing hydrogen sulfide is called as ‘sweetening,' and it involves the employment of chemical scavengers. Scavengers are divided into two categories: regenerative scavengers and non-regenerative scavengers. Natural gas, crude oil, LPG, gasoline, and other petroleum products are kept in pipelines, ships, and tanks using hydrogen sulfide scavengers. The use of hydrogen sulfide in the sweetening process is a cost-effective way to prevent H2S corrosion. The market is expected to grow in the coming years due to rise in demand for additives in the oil & gas industry.Â
COVID-19 Impact analysis
Top Impacting Factors
The expansion of the petrochemical and specialty chemical industries, as well as the increase in oil & gas refinery capacity throughout the world, are driving the hydrogen sulfide scavenger market. The rise in safety concerns in businesses is driving the demand for hydrogen sulfide scavengers, as they have restricted hydrogen sulfide and usage of the compounds for removing H2S gas from process systems and decreasing corrosion, which is driving the growth of the hydrogen sulfide scavenger market. The hydrogen sulfide scavenger market is influenced by the rise in popularity of these scavengers among businesses because they help with simple removal of reaction products from process systems, asset integrity, and decrease the need for replacement equipment. Furthermore, rapid industrialization, rise in demand for additives in the oil and gas industry, use as a cost-effective alternative for corrosion in traditional sweetening processes, increased demand for sweetening processes, high global energy demand, and an increase in investment all benefit the hydrogen sulfide scavenger market. The adoption of severe rules connected with the use of scavengers, on the other hand, is likely to limit the expansion of the hydrogen sulfide scavenger market.Â
Market Trends
Questions answered in the Hydrogen sulfide scavengers Report
Hydrogen Sulfide Scavengers Market Report Highlights
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Key Market Players | Halliburton, Hexion, SUEZ, AkzoNobel N.V, Arkema S.A., Nalco Champion, Lonza, Arkema, Schlumberger Limited, GENERAL ELECTRIC, Dow, BASF SE, Axalta Coating Systems, Innospec., Baker Hughes |
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