Sulphur Recovery Technologies Market – Industry Analysis and Forecast (2021-2027) by Technology, Source of Recovery, Region

Sulphur Recovery Technologies Market size was valued at US$ 1.2 Bn. in 2020 and the total revenue is expected to grow at 11% through 2021 to 2027, reaching nearly US$ 2.24 Bn.

Sulphur Recovery Technologies Market Overview:

Sulphur concentration has increased in sour gases and crude oils all over the world in recent years. It can be found in gaseous waste streams from oil refineries, natural gas producing facilities, and wastewater treatment plants as hydrogen sulphide (H2S). Environmental concerns appear to be driving the development of various sulphur recovery technologies, rather than economic gains. Environmental factors have increased the need for recovering sulphur from waste streams. The Claus method is used to extract elemental sulphur from sour or acid gas, and it is particularly useful when concentrations are high or the feed capacity is large. Other techniques have been developed and employed in recent decades, but the Claus process has become the most widely used sulphur recovery technology. Various modifications, such as the use of a cold bed absorption method, have been made to improve sulphur recovery through the Claus process. Industry participants have tried a variety of additional technological developments in order to achieve a sulphur recovery rate of 99.99 percent. Sulphur Recovery Technologies Market To know about the Research Methodology:-Request Free Sample Report

Sulphur Recovery Technologies Market Dynamics:

Market DriversGrowing awareness to reduce greenhouse gases and stringent government policies - Sulphur recovery technique is primarily used when the concentration of Sulphur is relatively low, owing to the presence of rigorous environmental laws on pollution in numerous nations. To entice end-users, vendors are focusing on providing cost-effective solutions. The industry is being boosted by the increased usage of Sulphur recovery technology for lower-grade fuels in various parts of the world. Due to the introduction of strict environmental rules in the oil and gas industry in several emerging and developed nations, the use of Sulphur recovery technology has increased. • Rising popularity of Claus Plants - Increase in popularity of two-bed catalytic Claus plants is also boosting the Sulphur recovery technology market. Rapid advances made in crude oil and natural gas processing in numerous developing and developed regions is fueling the demand for Sulphur recovery technology. Sulfur recovery technology is becoming increasingly used in oil refineries across the world. The Sulphur recovery technology market will benefit from industry participants' focus on enhancing compliance with current regional and worldwide emission requirements. Additionally, crude oil processing has made remarkable progress in developing economies, particularly in Asia Pacific. Market Restraints • Lack of Universal Directives – During the forecast period, the lack of universal directions pertaining to Sulphur recovery technology applications is projected to limit the market. Sulfur recovery technology uses are governed by distinct laws in each jurisdiction. Companies struggle to comply with these county-specific requirements. This deters investment in the Sulphur recovery technology industry, limiting market growth throughout the projection period.

Sulphur Recovery Technologies Market Segment Analysis:

By Technology, the Sulphur Recovery Technologies Market is segmented as Claus Processing and Tail Gas Treatment. Claus Processing dominates the Sulphur Recovery Technologies Market with the market share of 56% in 2021 as Claus processing is used to recover sulphur from sources with high sulphur concentration. In the Sulphur Recovery Technologies Market, the Claus method has acquired a lot of traction. Various modifications, such as the use of a cold bed absorption method, have been made to improve sulphur recovery through the Claus process. Tail Gas Treatment can be used only for sources with less sulphur concentration hence limits the market share to just 44%. By Source of Recovery, the Sulphur Recovery Technologies Market is segmented as Oil, Gas, Others. Oil dominates the Sulphur Recovery Technologies Market with the market share of 52% in 2021 as the demand is more of Oil in the whole world and the Oil is the segment in which most amount of sulphur is found so Sulphur Recovery Technologies are required more in case of Oil. Gas has the market share of 41% in 2021 as the demand of gas is also high but is lesser than Gas so has lesser market share than Oil. Other has the market share of 7% in 2021. Sulphur Recovery Technologies Market

Sulphur Recovery Technologies Market Regional Insights:

Asia Pacific dominates the Sulphur Recovery Technologies Market with the market share of 30% in 2021. The region is made up of major oil and gas refining countries as well as other countries with significant hydrocarbon deposits. China is one of the biggest markets for Sulphur and India’s consumption is also increasing with increasing population and GDP. North America has the market share of 26% in 2021 due to Canada as it is the largest exporter of Sulphur. Middle East & Africa has the market share of 22% in 2021 due to large amount of refineries in the region and is expected to grow at substantial rate. South America has the market share of 13% followed by Europe with the market share of 9% in 2021. During the projected period, South America is expected to become a more appealing destination for Sulphur recovery technologies. The objective of the report is to present a comprehensive analysis of the Sulphur Recovery Technologies 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 analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Sulphur Recovery Technologies market dynamics, structure by analyzing the market segments and project the Sulphur Recovery Technologies market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Sulphur Recovery Technologies market make the report investor’s guide.

Sulphur Recovery Technologies Market Scope: Inquire before buying

Global Sulphur Recovery Technologies Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2027
Historical Data: 2017 to 2021 Market Size in 2021: US $ 1.2 Bn.
Forecast Period 2022 to 2027 CAGR: 11 % Market Size in 2027: US $ 2.24 Bn.
Segments Covered: by Technology • Claus Process • Tail Gas Treatment
by Source of recovery • Oil • Gas • Others

Sulphur Recovery Technologies Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Sulphur Recovery Technologies Market Key Players

• Amec Foster Wheeler • Praxair, Inc. • GTC Technology US • Fluor Corporation • Royal Dutch Shell Plc. • The Linde Group • TechnipSpA • Worley Parsons Ltd • Chiyoda Corporation • KT-kinetics technology SpA • GTC Technology LLC • PROSERNAT • Black & Veatch Holding Company Frequently Asked Questions: 1] What segments are covered in the Sulphur Recovery Technologies Market report? Ans. The segments covered in the Sulphur Recovery Technologies Market report are based on Material Type and Application. 2] Which region is expected to hold the highest share in the Sulphur Recovery Technologies Market? Ans. The Asia Pacific is expected to hold the highest share in the Sulphur Recovery Technologies Market. 3] What is the market size volume of the Sulphur Recovery Technologies Market by 2027? Ans. The market size of the Sulphur Recovery Technologies Market by 2027 is expected to reach at US$ 2.24 Bn. 4] What is the forecast period for the Sulphur Recovery Technologies Market? Ans. The forecast period for the Sulphur Recovery Technologies Market is 2022-2027. 5] What was the market size volume of the Sulphur Recovery Technologies Market in 2021? Ans. The market size of the Sulphur Recovery Technologies Market in 2021 was valued at US$ 1.12 Bn.
1. Sulphur Recovery Technologies Market : Research Methodology 2. Sulphur Recovery Technologies Market : Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Sulphur Recovery Technologies Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Sulphur Recovery Technologies Market : Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Sulphur Recovery Technologies Market Segmentation 4.1. Sulphur Recovery Technologies Market ,by Technology (2021-2027) • Claus Processing • Tail Gas Treatment 4.2. Sulphur Recovery Technologies Market , by Source of Recovery (2021-2027) • Oil • Gas • Others 5. North America Sulphur Recovery Technologies Market (2021-2027) 5.1. North America Sulphur Recovery Technologies Market , by Technology (2021-2027) 5.1.1. Claus Processing 5.1.2. Tail Gas Treatment 5.2. North America Sulphur Recovery Technologies Market , by Source of Recovery (2021-2027) 5.2.1. Oil 5.2.2. Gas 5.2.3. Others 5.3. North America Sulphur Recovery Technologies Market , by Country (2021-2027) • US • Canada • Mexico 6. European Sulphur Recovery Technologies Market (2021-2027) 6.1. European Sulphur Recovery Technologies Market , by Technology (2021-2027) 6.2. European Sulphur Recovery Technologies Market , by Source of Recovery (2021-2027) 6.3. European Sulphur Recovery Technologies Market , by Country (2021-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Sulphur Recovery Technologies Market (2021-2027) 7.1. Asia Pacific Sulphur Recovery Technologies Market , by Technology (2021-2027) 7.2. Asia Pacific Sulphur Recovery Technologies Market , by Source of Recovery (2021-2027) 7.3. Asia Pacific Sulphur Recovery Technologies Market , by Country (2021-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Sulphur Recovery Technologies Market (2021-2027) 8.1. Middle East and Africa Sulphur Recovery Technologies Market , by Technology (2021-2027) 8.2. Middle East and Africa Sulphur Recovery Technologies Market , by Source of Recovery (2021-2027) 8.3. Middle East and Africa Sulphur Recovery Technologies Market , by Country (2021-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Sulphur Recovery Technologies Market (2021-2027) 9.1. South America Sulphur Recovery Technologies Market , by Technology (2021-2027) 9.2. South America Sulphur Recovery Technologies Market , by Source of Recovery (2021-2027) 9.3. South America Sulphur Recovery Technologies Market , by Country (2021-2027) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Amec Foster Wheeler 10.2. Praxair, Inc. 10.3. GTC Technology US 10.4. Fluor Corporation 10.5. Royal Dutch Shell Plc. 10.6. The Linde Group 10.7. TechnipSpA 10.8. Worley Parsons Ltd 10.9. Chiyoda Corporation 10.10. KT-kinetics technology SpA 10.11. GTC Technology LLC 10.12. PROSERNAT 10.13. Black & Veatch Holding Company

About This Report

Report ID 148040
Category Energy & Power
Published Date May 2022
Updated Date
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