Gas Treatment Market Analysis: Key Insights on Growth Rates, Trends, and Major Opportunities
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What fueled the previous growth in the gas treatment market?
In the past few years, the gas treatment market has seen robust growth. The market value is projected to increase from $4.43 billion in 2024 to $4.69 billion in 2025, with a compound annual growth rate (CAGR) of 6.0%. This growth during the historical period is due to factors such as environmental laws, industrial growth, higher concern for health and safety, increased demand for clean energy, as well as urbanization and industrialization.
What will be the gas treatment market size in the future?
In the forthcoming years, the gas treatment market size is set to experience solid expansion, flourishing to $5.97 billion in 2029, exhibiting a compound annual growth rate (CAGR) of 6.2%. This anticipated growth in the prediction period may be ascribed to rigorous environmental governance, escalating worldwide industrialization, emphasis on eco-friendly solutions, transition towards renewable energy, city development, and pollution management. Prominent forecast period trends encompass personalization and modular solutions, gas treatment digital revolution, resilience amid pandemics, global integration and commercial conformance, and embracement of biomass and biogas.
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What main drivers are fueling expansion in the gas treatment market?
The surge in natural gas demand is forecasted to fuel the expansion of the gas treatment market. Gas treatment utilizes natural gas for procedures such as extraction, elimination, separation, and liquification. Therefore, an escalation in natural gas demand directly amplifies the necessity for gas treatment. For instance, the U.S. Energy Information Administration (eia), a US government agency, stated in April 2024 that the power generation sector witnessed the most significant rise in natural gas consumption among U.S. economic sectors in 2023, marking a 7% growth (2.2 Bcf/d) from 33.2 Bcf/d in 2022 to an all-time peak of 35.4 Bcf/d. Hence, the swift surge in natural gas demand is a key driving factor in the surge of the gas treatment market.
What key areas define the segmentation of the global gas treatment market?
The gas treatment market covered in this report is segmented –
1) By Type: Amines, Non-Amines
2) By Application: Acid Gas Removal, Dehydration
3) By End User: Power Plants, Refineries, Pulp And Paper, Metal And Mining, Food And Beverages, Oil And Gas, Sugar
Subsegments:
1) By Amines: Primary Amines, Secondary Amines, Tertiary Amines, Blended Amines
2) By Non-Amines: Solvent-Based Treatments, Physical Absorbents, Molecular Sieves, Ionic Liquids
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Who are the dominant players expanding their reach in the gas treatment market?
Major companies operating in the gas treatment market are DuPont de Nemours Inc., Huntsman International LLC, Ecolab Inc., Clariant AG, BASF SE, Berryman Chemicals Pvt. Ltd., Eunisell Limited, Innospec Inc., Varichem International Inc., Exxon Mobil Corporation, Akzo Nobel N.V., Gas Processing Equipment Pvt. Ltd., Boldrocchi Group, Jacobi Carbons AB, Axens SA, Honeywell International Inc., Zeochem AG, Arkema S.A., Cabot Corporation, Calgon Carbon Corporation, Kuraray Co. Ltd., Mitsubishi Chemical Corporation, Sumitomo Chemical Co. Ltd., Eastman Chemical Company, Evonik Industries AG, Solvay S.A., Lanxess AG, Albemarle Corporation, The Chemours Company
How are evolving market trends shaping gas treatment Strategies?
The prevalence of technological advancement has emerged as a pivotal trend in the gas treatment industry. Top-tier companies within this market are making strides in novel technologies and research progressions. For instance, in September 2024, Petróleo Brasileiro S.A., an enterprise rooted in Brazil’s petroleum industry, inaugurated a natural gas processing division in Rio de Janeiro. This state-of-the-art UPGN installation situated within the Boaventura Energy Complex is designed to process an impressive 21 million cubic meters of gas from the Santos Basin each day. This boosts Brazil’s domestic gas contribution hugely and curbs the need for imports. Planned enlargements encompass gas-powered thermoelectric plants and refining entities, heightening production capabilities for products such as lubricating oils, diesel, and aviation kerosene. Their latest innovation brings together a portable NIR (near infrared) spectrometer with data computation (chemometrics). Soon, operators will be able to directly introduce plant specimens to the digilab machine and promptly obtain their component breakdown.
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Which regions are emerging as leaders in the gas treatment market?
North America was the largest region in the gas treatment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the gas treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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