Gas Treatment Market Expected to Collect 4.96 Billion USD by 2023


Posted July 16, 2019 by armaan007

Gas Treatment Market size was valued USD 3.56 billion in 2017 and is projected to reach USD 4.96 billion by 2023

 
According to the new market research [109 Pages Report] The market size of gas treatment was USD 3.76 billion in 2018 and is projected to reach USD 4.96 billion by 2023, at a CAGR of 5.7% from 2018 to 2023. The gas treatment are used in the removal of hydrogen sulfide and carbon dioxide gases from the natural gas stream and from crude oil during refining stages.

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Browse 79 market data Tables and 32 Figures spread through 109 Pages and in-depth TOC on "Gas Treatment Market”

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Attractive Opportunities in the Gas Treatment Market 
Gas Treatment Market, By Type 
Gas Treatment Market, By Application 
Gas Treatment Market, By Region 
North American Gas Treatment Market, By Application and Country
On the basis of type, the amines segment is projected to lead the Gas Treatment Market, during the forecast period, in terms of both value and volume. The removal of acid contaminants from natural gas is necessary for the commercial industrial applications. Acid gases, such as hydrogen sulfide and carbon dioxide, need to be removed to meet the environmental and health and safety standards.

On the basis of application, the acid gas removal segment is projected to lead the Gas Treatment Market during the forecast period, in terms of both value and volume. Natural gas streams contain hydrogen sulfide and carbon dioxide. These gases are toxic and poisonous and need to be treated. These gases, in the presence of water, are extremely corrosive and can cause premature failure of pipeline, pressure vessels, and valves.  Acid gases can also cause catalyst poisoning in refinery vessel and requires expensive precautionary measures. All these factors are responsible for the high growth of the Gas Treatment Market.

APAC is the fastest-growing market for gas treatment, globally, in terms of volume. The growth of the APAC gas treatment market can be attributed to the large industrial base in the region and increased demand for gas treatment from the oil & gas industry. In addition, several initiatives undertaken by governments of different countries of the region to attract investments from various international companies are expected to propel the growth of the market during the forecast period.

DowDuPont Inc. (US), Huntsman International LLC (US), BASF SE (Germany), Ecolab Inc., and Berryman Chemicals Inc. (US)  are the key players operating in the gas treatment  market. 

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Issued By Markets And Markets
Country India
Categories Industry
Tags gas industry , gas manufacturers , gas treatment , gas treatment companies , gas treatment industry , gas treatment manufacturers , gas treatment market
Last Updated July 16, 2019