Gas Treatment Market Size, Growth, Analysis, Overview & Trends during Forecast 2030

Gas Treatment Market overview

Gas treatment has become an inevitable process in order to ensure adherence to strict environmental norms. Raising awareness regarding worsening air quality has triggered the regulatory authorities of multiple countries to implement stringent air pollution control regulations which induce high demand for the global gas treatment market.

As per the analysis of Market Research Future (MRFR), the global  gas treatment market is expected to grow at a CAGR of 5.76% and attain a valuation of USD 4,950 Mn by the end of the forecast period of 2018-2023. The global gas treatment market was valued at USD 3,572 Mn in 2017.

Escalating demand for natural gas as an energy source from various industries has been a major drive for the global gas treatment market application. Rapid industrialization generates high demand for natural gas since it has low environmental footprint and is easily available.  It is being progressively used as a fuel for generation of electricity which is further spurring the growth of the market.

Discovery of new gas reserves has taken an upturn recently. Large and untapped natural gas reservoirs discovered lately offer opportunities for versatile and efficient gas treatment which further stimulates the growth of the market.

Food & beverage is a key end use industry for gas treatment. A number of gases are explicitly utilized in the manufacture, storage and sterilization of edibles and face enormous scrutiny since they are intended for consumption. Moreover, gases meant for use in the food & beverage industry are subject to quality assessment regulation which creates high demand for gas treatment.

On the downside, the global gas treatment market report might be impeded by scarcity of raw materials for gas treatment and high costs associated with gas treatment process. Meanwhile, the expansion of the oil & gas industry in the developing markets is expected to provide lucrative opportunities for the growth of the global; gas treatment market.

 Gas Treatment Market Segmentation

The global gas treatment industry has been segmented based on type and gas treatment market.

Type-wise segmentation of the global gas treatment market includes amines and non-amines. The amines segment dominated the market in 2017 while the non-amines segment is likely to be the fastest growing segment over the forecast period.

Application-wise segmentation of the global gas treatment market includes power plants, refineries, pulp & paper, metal & mining, food & beverages, oil & gas, and sugar. The refineries segment was the largest segment in 2017 while the power plants segment is anticipated to be the fastest growing segment.

Access Full Report Details and Order this Premium Report @  https://www.marketresearchfuture.com/reports/gas-treatment-market-6690

Gas Treatment Market Regional Analysis

North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa are the key markets for gas treatment. North America accounted for the largest share of the market in 2017. Stringent air pollution control regulations in the region can be attributed for the growth of the North America. The discovery of shale gas in the US is also a significant factor which can be accredited for the growth of the gas treatment market in North America.

Europe too is a significant market for gas treatment driven by growing industrialization in the region and implementation of industrial air pollution control measures.

Asia Pacific is slated to be the fastest growing market for gas treatment owing to expanding industrial base and surging demand for gas treatment from the oil & gas industry. New discovery of gas fields in the region along with availability of relatively cheap labor, and low cost of raw materials in the region has positioned Asia Pacific as an important market for gas treatment.  

The Middle East & Africa market is expected to be a lucrative destination for gas treatment market owing to surge in gas and oil exploration activities in the region which generate substantial demand for gas treatment.

Get sample copy of report at: https://www.marketresearchfuture.com/sample_request/6690

Competitive Landscape

DowDuPont (US), Ecolab (US), Huntsman International LLC (US), Hexion (US), Clariant (Switzerland), BASF SE (Germany), Akzo Nobel N.V. (The Netherlands), Exxon Mobil Corporation (US), Eunisell Limited (Nigeria), and Berryman Chemical Inc. (US).

Read more reports details at: https://www.marketresearchfuture.com/categories/chemicals-market-report

Read more details at: https://www.marketresearchfuture.com/infographics

Read more details at: https://www.marketresearchfuture.com/videos

Comments

Post a Comment

Popular posts from this blog

Propylene Carbonate Market Analysis, Size, Share 2024

Market Highlights The  Global Propylene Carbonate Market  is estimated to be valued at  USD 752.3 Million by 2024,  registering a  CAGR of 5.57%. The increasing demand for propylene carbonate in the manufacturing of lithium-ion batteries as well as in the paint & coatings industries is expected to fuel the demand of the global propylene carbonate market during the review period. The surging demand for electric vehicles to enhance environmental sustainability is expected to propel the demand for lithium-ion batteries in electric cars, trucks, buses, and two-wheelers and thus, boost the demand for polypropylene carbonate. In addition, the rise in oil & gas exploration activities is positively influencing the application of propylene carbonate usage in the oil and gas separation process. Furthermore, the development of organic-based beauty and personal care products and the emergence of Asia-based EV battery manufacturers in Europe are factors projected to create lucrative
Read more

Fluorosurfactant Market Analysis, Growth, COVID-19 Overview, Demand and Industry Forecast 2023

Market Analysis   The global fluorosurfactant market is predicted to touch USD 806.09 million at a 9.8% CAGR between 2016- 2023, reveals the new Market Research Future (MRFR) report. Flurosurfactant or fluorinated surfactant is a type of coating additive which helps to improve wetting, levelling, and control foam. It also offers lower surface tension, especially in coating systems. Flurosurfactant is compatible with almost every polymer and stays active all through the curing and dyeing process. It is used in emulsion polymerizations to produce fluoropolymers. Cationic, amphoteric, anionic, non-ionic, and others are the different types of fluorosurfactants. Owing to its alluring features and key benefits, fluorosurfactants have a wide range of applications including electronics, oilfields, polishes, waxes, adhesives, polymers, paints and coatings, inks, sealers, fingerprint repellency, and stain repellence, among others.    Various factors are adding to the global fluorosurfact
Read more

Cold Insulation Market, Demand, Key Player profile, Size, Share, Trends, and Regional Outlook by 2030

Cold Insulation Market – Brief Insights Cold insulation forms an important part of industries that need better energy rates. Without these the manufacturing process would become quite tedious as a lot of energy would be lost. In the last few years, this process has established itself as pretty useful and proficient. And owing to this fact the global cold insulation market has gained momentum. In simple terms cold insulation can be explained as a procedure that is undertaken to avoid energy leakages in huge systems and also to enhance the energy efficiency. This technology forms an integral part of systems like HVAC and refrigerators. Furthermore, they have also proven to be proficient for industries like oil & gas and chemicals. On the whole, it can be concluded that the global cold insulation market is at its prime as of right now and it will continue to climb ladders of success in future as well. Market Scenario At present, the industrial segment is experiencing an all-ti
Read more