Gas Treatment Market By Type (Amines and Non-Amines), By Application (Acid Gas Removal and Dehydration), and By Region - Trends, Analysis, and Forecast till 2029

Report Code: PMI332219 | Publish Date: December 2023 | No. of Pages: 174

Global Gas Treatment Market By Overview

Gas Treatment Market accounted for USD 4.24 Billion in 2020 and is estimated to be USD 7.18 Billion by 2030 and is anticipated to register a CAGR of 5.4%

By incorporating potent cleaning chemicals that battle the buildup of hazardous deposits in the fuel system that might impair performance, gas treatment enhances the quality of gas. It is also designed to eliminate water, which can cause fuel lines to freeze. Jet fuel, a superior carrier of active chemicals, is used to create this product. In order to improve the quality of gases, undesired components must be removed through the process of "gas treatment." Due to the increased usage of natural gas as an energy source in several applications and industries, there is an increasing need for gas treatment. As a result, it may be utilised as a clean energy source and complies with environmental standards because it removes carbon dioxide and hydrogen sulphide. The oil and gas sector regularly uses gas treatment. Growing demand in this area is a result of more people becoming aware of natural gas as a cleaner way to generate energy in various nations. .

Global Gas Treatment Market By Drivers & Restraints

The sector is expanding as a result of the increased demand for natural gas, which has no effect on the environment. A market driver could be the growing use of industrial filters and electrostatic precipitators. Additionally, market participants' sales and profits are rising due to the tightening of air pollution control legislation. One key barrier to the industry is the high cost of specialised raw materials used in gas extraction. Several challenges with the gas extraction technique would also restrict market growth. Opportunities for the market are being created by advancements in treatment technologies in the oil and gas sector.

Restrains:

Strict environmental regulations, a lack of market knowledge in different parts of Latin America, the Middle East, and Africa, high filter costs, and high installation costs, such as those associated with electrostatic precipitators, are some of the factors limiting the growth of the global gas treatment market.

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Global Gas Treatment Market By Segmentations & Regional Insights

The Global Gas Treatment Market is segmented based on type, application, and region. On the basis of type, the Global Gas Treatment Market is segmented into Amines and Non-Amines. On the basis of application, the target market is classified into Acid Gas Removal and Dehydration.

Regional Insights:

On basis of region the Global Gas Treatment Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Due to the extensive presence of a sizable industrial base and the requirement for gas treatment in the oil and gas industry, Asia-Pacific will have the highest growth in the market share for gas treatment. Additionally, the demand will be increased by favourable government backing as well as expanding investments

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Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020– 2030

Market representation

Revenue in USD Billion & CAGR from 2020 to 2030

Market Segmentation

By Type – Amines and Non-Amines.  

By Application – Acid Gas Removal and Dehydration.

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the Global Gas Treatment report based on test, application, and region:

Global Gas Treatment Market, By Type:

  • Amines
  • Non-Amines

Global Gas Treatment Market, By Application:

  • Acid Gas Removal
  • Dehydration

Global Gas Treatment Market, By Region:

  • North America
    • Middle East & Africa
      • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
    • Europe
      • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
    • U.S.
    • Canada

Global Gas Treatment Market By Competitive Landscape & Key Players

The key players operating the Global Gas Treatment Market includes companies like DowDuPont Inc., Huntsman International, Ecolab Inc., Clariant, BASF, Berryman Chemicals, Innospec, Varichem International, Eunisell Chemicals and Hexion.

Global Gas Treatment Market By Company Profile

FAQs

The Global Gas Treatment Market report segments the market on the into waste type, application and region.

The industry is growing due to rising demand for natural gas, which has a low environmental impact.

Asia-Pacific is estimated to be the fastest-growing market for gas treatment, globally, in terms of volume.

The leading players operating in the Global Gas Treatment Market includes Amul, Bio-K Plus International, Fonterra Co-op Group, Ltd., Groupe Danone SA, Grupo Lala, Harmless Harvest, Lifeway, Pepsico Inc. (Kevita Inc.), and Yakult.