The Business Research Company’s report on the Gas Treatment Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the gas treatment industry?
Rapidly growing demand for natural gas is expected to propel the growth of the gas treatment market going forward. Natural gas is used in gas treatment for extraction, removal, separation, and liquifying. An increase in demand for natural gas increases the demand for gas treatment. For instance, in April 2024, according to the U.S. Energy Information Administration (eia), a US-based government agency, in 2023 the electric power sector experienced the largest growth in natural gas consumption among U.S. economic sectors, with a 7% increase (2.2 Bcf/d), rising from 33.2 Bcf/d in 2022 to a record high of 35.4 Bcf/d. Therefore, the rapidly growing demand for natural gas is driving the growth of the gas treatment market.
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What is the estimated market size of the gas treatment sector by 2029, based on current forecasts?
The gas treatment market size has grown strongly in recent years. It will grow from $4.43 billion in 2024 to $4.69 billion in 2025 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to environmental regulations, industrial expansion, rising concerns for health and safety, increasing demand for clean energy, urbanization, and industrialization.
The gas treatment market size is expected to see strong growth in the next few years. It will grow to $5.97 billion in 2029 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to stringent environmental regulations, rising global industrialization, focus on sustainable solutions, shift to renewable energy, urbanization, and pollution control. Major trends in the forecast period include customization and modular solutions, digital transformation in gas treatment, resilience against pandemics, globalization and trade compliance, adoption of biogas and biomass.
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#Who are the top players 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
#What are the major trends in the gas treatment market?
Technological innovation is a key trend gaining popularity in the gas treatment market. Major companies operating in the gas treatment market are advancing in their new technologies and research and developments in the gas treatment market. For instance, in September 2024, Petróleo Brasileiro S.A., a Brazil-based petroleum industry company, launched a natural gas processing unit in Rio de Janeiro. The new UPGN facility, located at the Boaventura Energy Complex, will process up to 21 million cubic meters of gas daily from the Santos Basin, significantly boosting Brazil’s domestic supply and reducing import dependence. Future expansions include gas-fired thermoelectric plants and refining units, enhancing production capacities for lubricating oils, diesel, and aviation kerosene. However, with the latest technique, it combines a mobile NIR (near infrared) spectrometer with data processing (chemometrics). Shortly, users would be able to directly inject plant samples into the digilab gadget and instantly receive the component analysis.
Which geography holds the highest gas treatment market share?
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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How do different segments contribute to the overall expansion of the 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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How is the gas treatment market defined, and what are its core characteristics?
Gas treatment refers to the processes used to prepare mine gas for end-use management options, such as pipeline injection, including dehydration, gas separation, and removal of non-methane components. Gas treatment is used to enhance gas quality by introducing potent cleaning chemicals that battle the build-up of hazardous deposits in the fuel system that can impair performance. The removal of water, which can cause fuel line freeze, is another feature of the design.
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