The Hydrogen Sulfide (H2S) Scavenger Market - Oil and Gas will play a key role in generating 35% of the growth generated by APAC. Technavio

 

NEW YORK, May 16, 2022 / PRNewswire / - The hydrogen sulfide scavenger market is estimated to have a market value of 23 231.02 million from 2021 to 2026, according to TechNavio's latest market report. In addition, the report projects that the market will slow down to a CAGR of 2.98%. 35% of market growth during the forecast period will start from APAC. China and Japan are the key markets for the hydrogen sulfide scavenger market in APAC. Market growth in this region will be faster than market growth in other regions. Capacity expansion in the food and beverage, oil and gas, and petrochemical industries will facilitate the growth of the hydrogen sulfide scavenger market at APAC during the forecast period.


Technavio has announced its latest market research report entitled Global Hydrogen Sulfide (H2S) Scavenger Market by End-user and Geography - Forecast and Analysis 2022-2026


For more insights on the market share of different regions - request a sample report.


Hydrogen Sulfide Scavenger Market: Segmentation Analysis


Market research report divides the hydrogen sulfide scavenger market by end user (oil and gas, water and wastewater treatment, and others) and geography (North America, APAC, Europe, Middle East, Africa, and South America) she does.


Growth of hydrogen sulfide scavenger market share in oil and gas segment will be important for generating revenue. Hydrogen sulfide gas is released during drilling, finishing and servicing operations in the oil and gas industry. A hydrogen sulfide scavenger is inserted into the hydrocarbon stream to minimize the concentration of hydrogen sulfide in the hydrocarbon production fluids. H2S scavengers reduce the level of hydrogen sulfide gas in crude oil. Also, it is a cost-effective solution that makes it a sustainable choice as an addition to the oil and gas industry. These factors will encourage the use of H2S scavengers in the oil and gas industry and thus drive market growth.


To get more insights on the market share of different segments - download a sample report.


Hydrogen Sulfide Scavenger Market: Increasing Global Oil and Gas Refinery Capacity to Drive Growth


The story continues.


The increase in global oil and gas refinery capacity is one of the key drivers supporting the growth of the hydrogen sulfide scavenger market. Hydrogen sulfide is a by-product of crude oil, which is formed in the refining process by the degradation of sulfur-containing compounds in crude oil at high temperatures. Many refineries try to extract hydrogen sulfide from ruptured streams used in fuel mixtures. In addition, the hydrogen sulfide scavenger removes hydrogen sulfide and some mercaptans from the hydrocarbon streams. Rising demand for oil and gas has led to a simultaneous increase in the capacity of global refineries due to the addition of new refineries or the expansion of existing refineries. . This expansion will accelerate the growth of the hydrogen sulfide scavenger market during the forecast period.


Hydrogen Sulfide Scavenger Market: Increased adoption of IoT in industrial emissions control systems is a major trend.



Increased adoption of IoT in industrial emissions control systems is one of the market trends that drives market growth. Advances in sensors, IoT platforms, and mobile communication technologies have led to the development of small, portable, cost-effective, and mobile-powered sensors. Big data capabilities, such as analytics and machine learning, can be applied to relevant data sets such as weather and traffic to estimate the causes and fluctuations of air pollution. The formulation and implementation of various health and safety regulations worldwide against hydrogen sulfide in the adoption of gas sensors and air quality monitors for key industries, such as oil and gas, mining, and the paper and pulp industries. Adding For example, Spec Sensors offer hydrogen sulfide sensors, such as digital gas sensor modules for H2S and ultra low power analog sensor modules for H2S. Such technologically advanced solutions are controlling the emission of hydrogen sulfide. This is likely to boost the growth of the global hydrogen sulfide scavenger market during the forecast period.


To learn about other drivers and trends with challenges - request a sample research report.


Don't wait, adopt a strategy and promote your business goals with our Hydrogen Sulfide Market Forecast Report - Buy Now!


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The scope of the hydrogen sulfide scavenger market


Report coverage


Details


Page number


120


Basic year


2021


Forecast period


2022-2026


Growth rate and CAGR


Slow down to a CAGR of 2.98%


Market growth 2022-2026


USD 231.02 million


Market structure


scattered


Annual Growth (%)


3.16


Market Participation Performance


APAC at 35%


Competitive landscaping


Leading companies, competitive strategies, customer engagement


Company profile


Altana AG, Arkema Group, Baker Hughes Co., BASF SE, Cestoil Chemical Inc., Chemical Products Industries Inc., Dorf Ketal Chemicals I Pvt. Ltd., Ecolab Inc., General Electric Co., Halliburton Co., Hexion Inc., Inospec Inc., KNG Capital, Maricham Co., Newpoint Gas LLC, Schlumberger Ltd., Sofina SA, Solvay SA, The Dow Chemical Company. , And Wink Chemicals GmbH & Co. KG


Market dynamics


Parent market analysis, market growth triggers and barriers, fast-growing and slow-growing segment analysis, effects of COVID 19 and future consumer dynamics, market condition analysis for forecast period,


Scope of customization


If our report does not include the data you are looking for, you can reach out to our analysts and customize the sections.


List


1. Executive Summary


2 Market landscape


3 market size


4 Analysis of the Five Forces


5 market segmentation by end user


6 Customer landscape


7 Geographic landscape


8 Drivers, Challenges, and Trends


9 Vendor landscapes


10 Vendor Analysis


Appendix 11


About Technavio


Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides practical insights to help businesses identify market opportunities and develop effective strategies to improve their market position. Is.


With more than 500 expert analysts, Technavio's report library contains over 17,000 reports, covering 800 technologies spread across 50 countries. Their client base includes businesses of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and viable market insights to identify opportunities in existing and potential markets and to gauge their competitive positions in changing market scenarios. ۔

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