North America Gas Treatment Market, By Type (Tertiary Amine, Primary Amine, Secondary Amine, Non-Amines), Type of Gas (Acid Gas, Synthesis Gas), Treatment (Acid Gas Removal, Dehydration, Others), Technology (OASE (BASF SE), Flexsorb (Exxon Mobil Corporation), ADIP (Royal Dutch Shell Plc), UOP (Honeywell International Inc.), SPREX (Axens), Others), Industry (Power Plants, Refineries, Metal & Mining, Oil & Gas, Pulp & Paper, Food & Beverages, Others), Country (U.S., Canada, Mexico), Industry Trends and Forecast to 2028.
Market Analysis and Insights: North America Gas Treatment Market
North America gas treatment market is expected to gain significant growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing at a CAGR of 5.8% in the forecast period of 2021 to 2028 and is expected to reach USD 2,754,971.92 thousand by 2028.
Gas treatment is the process of quality improvement of gases through which the removal of unwanted components from gases is done. Gas treatment requirement is increasing due to the rise in consumption of natural gases as an energy source in various applications/industries. It removes hydrogen sulphide and carbon dioxide, which makes it safe to use as clean energy sources and compiles with environmental regulators.
Increasing demand for natural gas owing to its low environmental footprint is driving the market growth. Growing usage of industrial filters and electrostatic precipitators is acting as a potential market driver for the market. Also, the rising stringent air pollution control regulations, increasing the sales and profit of the players operating in the market.
The major restraint impacting the market is the high cost of specialized raw materials for gas extraction. Further, various complications associated with the gas extraction process will also restraint the market growth. The opportunities for the market are the advancement in treatment technology in the oil and gas industry. One of the significant drivers associated with the gas treatment market is the growing usage of natural gasses as a cleaner source for electricity generation. However, stringent government regulations regarding gas treatment may challenge the market's growth
This gas treatment market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief. Our team will help you create a revenue impact solution to achieve your desired goal.
North America Gas Treatment Market Scope and Market Size
North America gas treatment market is segmented on the basis of type, type of gas, treatment, technology, and industry. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the North America gas treatment market is segmented into a primary amine, secondary amine, tertiary amine, and non-amines. In 2021, the tertiary amine is expected to dominate due to the increasing demand for natural gas for electric power generation, which helps to boost its demand in the forecast year.
- On the basis of type of gas, the North America gas treatment market is segmented into acid gas and synthesis gas. In 2021, the acid gas segment is expected to dominate due to the rise in strict regulations against air pollution across the region, which boosts its demand in the forecast year.
- On the basis of treatment, the North America gas treatment market is segmented into dehydration, acid gas removal, and others. In 2021, acid gas removal is expected to dominate as it removes H2S, CO2, and organic sulfurs (such as mercaptan and COS) in the raw feed gas so as to make it comply with natural gas, which boosts its demand in the forecast year.
- On the basis of technology, the North America gas treatment market is segmented into SPREX (Axens), ADIP (Royal Dutch Shell plc), UOP (Honeywell International inc.), OASE (BASF SE), Flexsorb (Exxon Mobil Corporation), and others. In 2021, OASE (BASF SE) is expected to dominate as it removes carbon dioxide and hydrogen sulfide in natural-gas applications, which boosts its demand in the forecast year.
- On the basis of industry, the North America gas treatment market is segmented into refineries, power plants, pulp & paper, metal & mining, food & beverages, oil & gas, and others. In 2021, power plants is expected to dominate the market due to the increasing demand for electricity in the region, which boosts its demand in the forecast year.
North America Gas Treatment Market Country Level Analysis
North America gas treatment market is analyzed, and market size information is provided by country, type, type of gas, treatment, technology, and industry.
The countries covered in the North America gas treatment market report are the U.S., Canada, and Mexico.
North America gas treatment market is expected to dominate by the U.S. due to the rise in natural gas use for electricity production and increasing awareness of natural gas as a cleaner source for electricity generation, which has increased the inclination towards gas treatment plants.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.
Growth in the Gas Treatment Industry
North America gas treatment market also provides you with detailed market analysis for every country growth in the installed base of different kinds of products for the gas treatment market, impact of technology using lifeline curves, and changes in infant formula regulatory scenarios, and their impact on the gas treatment market. The data is available for the historic period 2011 to 2019.
Competitive Landscape and Gas Treatment Market Share Analysis
North America gas treatment market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company's focus related to North America gas treatment market.
Spme of the major players covered in the report are BASF SE, Dow, Exxon Mobil Corporation, Royal Dutch Shell plc, Honeywell International Inc., INEOS, Eastman Chemical Company, Clariant, Ecolab, Huntsman International LLC, Cabot Corporation, Lhoist, Axens, BERRYMAN CHEMICAL, Eunisell Chemicals, among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
For instance,
- In October 2021, Exxon Mobil Corporation initiated the process for engineering, procurement, and construction contracts as part of its plans to expand carbon capture and storage (CCS) at its LaBarge, Wyoming facility. With this development company is able to mitigate emissions by capturing up to an additional 1 million metric tons of CO2 each year
- In May 2019, Royal Dutch Shell plc, through its subsidiary Shell Offshore Inc (Shell), announced that production has started at the Shell-operated Appomattox floating production system months ahead of schedule, opening a new frontier in the deep-water U.S. Gulf of Mexico. With this development company is able to increase its production capacity
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