Gas Treatment Market: Global Industry Analysis and Forecast (2023-2029)

The Gas Treatment Market size was a valued at US $ 4.43 Bn. in 2022. Global Gas Treatment Market size is estimated to grow at a CAGR of 5.83%.
Gas Treatment Market Overview:
Gas treatment is a process in which unwanted gases, are removed from the air, natural gas, and water by adding cleaning agents to improve the quality of gas to protect the environment from pollutants. The cleaning agents are highly efficient and help reduce the of growth harmful carbon, gum, and varnish deposits in the fuel system. Gas treatment processes are primarily used in conventional applications including syngas and ammonia gas plants, sales gas, and liquefied petroleum gas facilities. Gas treatments processes are also utilized in the elimination of acid gases including hydrogen sulfide and carbon dioxide gases, in gas plants and refineries.
To know about the Research Methodology :- Request Free Sample Report
Gas Treatment Market Dynamics:
The oil and gas industry growth are expected to provide up new market opportunities across the globe. Gas treatment is a process, which enhances the efficiency of liquified petroleum gas. As a result, increasing investment by the major companies is expected to fuel the  market across the globe. For instance, according to the Canadian Association of Petroleum Producers (CAPP), Oil and gas companies in Canada are expected to invest the US $27.3 billion in 2022. In addition, investment in Alberta's oil sands is expected to rise from the US $6.7 billion in 2020 to US $ 7.3 billion in 2022. As a result, such investments are expected to boost the market growth across the globe.

The growing investment in the natural gas sector by governments across the globe is expected to fuel the gas treatment market growth during the forecast period. For instance, according to the US Energy Information Administration (EIA), natural gas production is expected to increase to 384.9 billion cubic meters, about half of all-natural gas production in the United States. As a result, the electric power sector is expected to consume around 38% of total natural gas consumption in the United States.

In addition, according to the India Brand Equity Foundation (IBEF), India produced 127.01 billion units of electricity from renewable energy sources in 2022. The Indian government is focusing on generating 523 GW of renewable energy capacity by 2030. In addition, India is expected to invest $500 billion in renewable energy sources by 2029. As a result, increasing the power generation scenario is expected to boost the product demand during the forecast period.

Gas treatment is used to improve the quality of liquefied petroleum gas by removing sour gases. However, natural gas releases carbon dioxide and includes a high percentage of hydrogen sulfide, which is hazardous to one's health. Headaches, dizziness, tremors, and other symptoms are caused by carbon dioxide (concentration 40000ppm to 100000ppm). Its high concentration (concentration >100000 ppm) can also cause convulsions, unconsciousness, and other health problems. Hydrogen sulfide is also a highly flammable and poisonous chemical that irritates the eyes, nose, and throat. As a result of various health impacts, gas treatment processing is expected to reduce the need for gas treatment.
Global Gas Treatment Market Segment Analysis:
Based on the Type, the Gas Treatment Market is segmented into Amines and Non-Amines. The Amines segment held the largest market share, accounting for 59% in 2022. The segment growth is attributed to their strong rejuvenation ability and cost-effectiveness compared to other gas treatments, which is emphasized by their high rejuvenation ability and cost-effectiveness. The increasing need to remove contaminants from a variety of gases such as hydrogen sulfide, carbon dioxide, and nitrogen oxide is boosting the gas treatment process need, which is expected to fuel the market growth for this segment.

Based on the Application, the Gas Treatment Market is segmented into Acid Gas Removal and Dehydration. The Acid Gas Removal segment held the largest market share, accounting for 63% in 2022. The growing awareness of natural gas as a cleaner source of energy generation across the region along with rising compliance with environmental norms by various businesses are driving the gas treatment market growth of this segment.

The Dehydration segment is expected to grow at CAGR of 5.6% during the forecast period. In Dehydration, drying is also known as desiccant regeneration, which is the process of concentrating a gas from its source by removing water. It reduces corrosion rates in pipelines and valves by removing moisture from the raw material or natural gas stream, resulting in superior electrical insulation properties for downstream equipment such as compressors, turbines, and other components, as compared to hydrate formation at low temperatures or high pressures within these components.



Global Gas Treatment Market Regional Insights:

Asia Pacific region held the largest market share accounted for 45.53% in 2022 The region's growth is attributed to the region's significant industrial base and growing demand for gas treatment from the oil and gas industry. Several measures taken by governments in various countries, such as India and China in the region to attract investments from various international corporations are expected to drive the gas treatment market growth during the forecast period. The North America region is expected to witness significant growth at a CAGR of 5.9% during the forecast period. Because of the growing demand for efficient chemical processes, in oil and gas production, petrochemical, and power generating industries are driving the gas treatment market in this region.

The objective of the report is to present a comprehensive analysis of the Gas Treatment Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Gas Treatment Market dynamic, structure by analyzing the market segments and projecting the Gas Treatment Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Gas Treatment Market make the report investor’s guide.
Global Gas Treatment Market Scope:Inquire before buying



Global Gas Treatment Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 4.43 Bn.


Forecast Period 2023 to 2029 CAGR:
5.83 %
Market Size in 2029:
US $ 6.58 Bn.


 Segments Covered:
by Type
Amines
Non-Amines


by Application
Acid Gas Removal
Dehydration


by End User
Gas Treatment Market
Power Plants
Refiners
Pulp & Paper
Metal & Mining
Oil & Gas
Sugar



Gas Treatment Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Gas Treatment Market Key Players
1. BASF
2. Huntsman
3. Ecolab Inc.
4. DOW Chemical Company
5. Eunisell Chemicals
6. Triton
7. DeltaLangh
8. Algoma Central Corporation
9. Fuji Electric
10. Marine Exhaust Technology
11. SAACKE
12. Yara
13. Alfa Laval
14. DuPont
15. Clariant
16. Advance Petrochemicals Ltd
17. Akzo Nobel N.V.
18. Amines & Plasticizers ltd.
19. General Electric
20. Dorf ketal Speciality Chemicals Pvt. Ltd.
21. Exxon Mobil Corporation
22. MCC
23. Production Chemical Group
24. Sintez OKA Group of Companies
Frequently Asked Questions:
1] What segments are covered in the Market report?
Ans. The segments covered in the Gas Treatment Market report are based on Type and Application.

2] Which region is expected to hold the highest share in the Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Market.

3] What is the market size of the Market by 2029?
Ans. The market size of the Gas Treatment Market by 2029 is US $ 6.58 Bn.

4] What is the forecast period for the Market?
Ans. The Forecast period for the Gas Treatment Market is 2023-2029.

5] What was the market size of the Market in 2022?
Ans. The market size of the Gas Treatment Market in 2022 was US $ 4.43 Bn.