Gas Treatment Market Expected to Collect 4.96 Billion USD by 2023


Posted June 11, 2019 by armaan007

Gas Treatment Market expected to be worth 4.96 Billion USD by 2023, at a CAGR of 5.7%, from 2018–2023

 
[109 Pages Report] The Gas Treatment Market size was valued USD 3.56 billion in 2017 and is projected to reach USD 4.96 billion by 2023, at a CAGR of 5.7% between 2018 and 2023. In this study, 2017 has been considered as the base year, while 2018–2023 is considered as the forecast period.

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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
The increasing demand for natural gas in various regions will boost the demand for gas treatment application. Owing to the increasing urbanization and improving economy, the demand for electricity is rising rapidly, which further augments the use of natural gas as a fuel source owing to its low environmental footprint and easy availability to meet the growing demand.

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.

Some of the key players in the Gas Treatment Market are DowDuPont Inc. (US), Huntsman International LLC (US), BASF SE (Germany), Ecolab Inc., and Berryman Chemicals Inc. (US). Investments & expansions was the major growth strategy adopted by the market players, between 2015 and 2018, to enhance their regional foothold and meet the growing demand for gas treatment in the emerging economies.

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Issued By Markets And Markets
Country India
Categories Energy , Industry
Tags Gas treatment , Gas Treatment Market , Gas Treatment Industry , Gas treatment companies , Gas treatment manufacturers
Last Updated June 11, 2019