Global Gas Treatment Market - 2022-2029

Market Overview

The global gas treatment market size was worth US$ XX million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of XX % during the forecast period (2022-2029).

Gas treatment is eliminating unwanted chemicals from gas to improve its quality. The gas treatment adds cleaning chemicals to gas to remove hazardous constituents such as carbon, varnish and other contaminants. Amphetamines or non-amines are used to treat gas. Gas treatment is utilized in various applications, including acid gas removal and dehydration. Gas treatment, also known as gas conditioning, is a procedure that uses amine solutions to absorb undesirable acid gases in the atmosphere, such as hydrogen sulfide and carbon dioxide.

The gas treatment application removes hydrogen sulfide and carbon dioxide gases from natural gas watercourses and crude oil during the refining process. The increased demand for natural gas in many parts of the world will boost the case for gas treatment. The need for electricity is growing rapidly due to rising urbanization and a growing economy, which accelerates natural gas as a fuel spring-well driven by its low environmental impact and ease of availability to meet the rising demand.

There are two types of gas treatment: amine gas treatment and non-amine gas treatment. Amine gas treatment refers to a series of techniques that remove hydrogen sulfide and carbon dioxide from gases using aqueous solutions of various amines. This procedure is also known as amine scrubbing or gas sweetening.

Market Dynamics

Due to driving factors such as stringent rules for reducing air pollution and rising natural gas demand, the gas treatment market is expected to increase throughout the forecast period. However, rising substitute competition, high costs of specialized raw materials and health hazards associated with the process may limit the market's growth. The discovery of new gas fields, on the other hand, presents a considerable potential opportunity for the gas treatment market over the projection period.

Rising stringent rules for reducing air pollution

Due to driving factors such as stringent rules for reducing air pollution and rising natural gas demand, the gas treatment market is expected to increase throughout the forecast period. The need for gas treatment is growing as natural gas is increasingly used as an energy source in various applications and industries. It eliminates hydrogen sulfide and carbon dioxide, allowing it to be used as a clean energy source while complying with environmental regulations.

Due to the rising demand for natural gas, the industry grows with a low environmental impact. Industrial filters and electrostatic precipitators are becoming more popular, a market driver. Furthermore, the increasing stringency of air pollution control legislation is raising market players' sales and profits.

Growing renewable energy output is expected to necessitate gas treatment.

According to U.S. Energy Information Administration, natural gas production will climb to 384.9 billion cubic meters (bcm), accounting for over half of total natural gas production in U.S. (EIA). As a result, the electricity sector accounted for around 38% of total natural gas consumption in U.S. Furthermore, the India Brand Equity Foundation (IBEF) reports that India produced 127.01 billion renewable power units in FY20.

As a result, by 2030, the Indian government plans to generate 523 GW of renewable energy capacity. Furthermore, by 2028, India plans to invest $500 billion in alternative energy sources. As a result, boosting the power generation scenario is expected to demand gas treatment.

Risks related to health during the complex process

By eliminating sour gases, the gas treatment enhances the effectiveness of liquefied petroleum gas. On the other hand, natural gas emits carbon dioxide and contains a high concentration of hydrogen sulfide, which are detrimental to one's health. Carbon dioxide causes headaches, dizziness, tremors and other symptoms.

Its high concentration (>100000 ppm) can cause convulsions, unconsciousness and other health problems. Hydrogen sulfide is also a highly explosive and poisonous chemical that irritates the eyes, nose and throat. As a result of numerous health impacts, processing may be reduced, potentially reducing the need for gas treatment.

COVID-19 Impact Analysis

The COVID-19 pandemic poses significant problems to gas treatment firms on several fronts. The COVID-19 epidemic has damaged the need for gas treatment technology. The oil & gas industry is a key industry affected by the COVID-19 epidemic. Due to the lockout, gas production was terminated in 2020. According to U.S. Energy Information Administration, natural gas output in U.S. declined by 316 MMcf/d from March to April 2021. (EIA). As a result, reducing gas production may reduce the need for gas treatment.

Segment Analysis

The gas treatment market is segmented by application into dehydration and acid gas removal.

The rising use of acid gas removal processes in industries

The acid gas removal segment will lead the gas treatment market throughout the forecast period. During the refining process, the gas treatment eliminates hydrogen sulfide and carbon dioxide emissions from the gas mixture and crude oil. For acid gas removal (AGR) operations, amines are the most often utilized gas treatment agents.

Acid gas removal involves the transfer of a proton to generate ammonia or amine species that act as intermediates in numerous reactions with hydrocarbon molecules present in an acidic plant feedstock and uses amines as hydrogen donors. Flaring and processing waste gases from petrochemical plants, natural gas processing units, refineries, oil & gas production facilities and other facilities are among the most common uses of acid gas removal.

Gas treatment is frequently utilized in the oil and gas industry. The high demand in the segment can be attributed to growing awareness of natural gas as a cleaner source of electricity generation in countries like China, Malaysia, Indonesia & India and increased adherence to environmental regulations by various industries in developed countries for air pollution.

Geographical Analysis

A large industrial base in Asia-Pacific

Asia-Pacific is expected to be the world's fastest-growing gas treatment market in terms of regions. The market is supported by the region's significant industrial base and growing demand for gas treatment from the oil and gas industry. Moreover, the market is expected to increase due to various measures of governments of different nations to entice investments from multiple international companies over the forecast period. China and India are the region's economic engines.

The rising number of industries, rising global population, rapid urbanization, easy availability of low-cost labor and low-cost raw material prices are expected to fuel the gas treatment market over the projection period. The rise in the number of coal-fired power facilities in China and India is driving the industry in the area. China's industrial air pollution control measures have recently been reinforced and India's regulations are scheduled to be adopted soon. The rules are also a significant driver of the global market for gas treatment chemicals.

Competitive Landscape

Product launches, product approvals and other organic growth tactics such as patents and events are being prioritized by several companies. Acquisitions, partnerships and collaborations were seen as inorganic growth tactics. The efforts have paved the road for market players to expand their business and client base. With the increased demand for gas treatment in the worldwide industry, market players in the gas treatment market are estimated to benefit from attractive growth prospects.

Key players operating in the global market for gas treatment include Huntsman International LLC, BASF SE, Dowdupont Inc., Ecolab Inc., Berryman Chemicals Inc., Clariant International Ltd., Alpha Packaging, Inc., Hexion Inc., Innospec Inc. and Varichem International.

Clariant International Ltd.

Overview: Clariant International Ltd. is one of the world's top specialty chemical businesses, providing clients across various sectors with innovative and sustainable solutions. The portfolio is tailored to suit specific requirements as precisely as possible, including energy efficiency, renewable raw materials, emission-free mobility and resource conservation. Care Chemicals, Natural Resources and Catalysis, are the three business areas that Clariant reports on. The corporation employed 13 235 people as of December 31, 2020.

Product Portfolio: The company supplies gas treatment chemicals in the Industrial and Consumer Specialties business sector. ICS is one of the world's foremost suppliers of specialty chemicals and application solutions for the consumer and industrial industries. Scrubbing waste air and gas streams comprising various organic compounds and acid gases has proven successful with polyethylene glycol dialkyl ethers. Clariant created the Genosorb line of absorption liquids as a one-stop-shop for multiple waste gas concerns.

Key Development: Clariant started a significant global effort on November 24 to lessen the impact of nitrous oxide on climate change (N2O). The EnviCat N2O-S catalyst was designed using decades of catalytic research knowledge and has been shown to remove up to 95 percent of N2O generated as a by-product of nitric acid production. Clariant is now offering ten nitric acid producers that do not have N2O off-gas treatment a free fill of EnviCat N2O-S. The corporation hopes that participating in the initiative would assist in minimizing annual greenhouse gas emissions of several million tons of CO2.