Gas Treatment Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
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.

Sizing and Forecast
The gas treatment market size has grown strongly in recent years. It will grow from $4.21 billion in 2023 to $4.47 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. 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 $5.67 billion in 2028 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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Segmentation & Regional Insights
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

North America was the largest region in the gas treatment market in 2023. 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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Major Driver Impacting Market Growth
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 2021, according to the International Energy Agency, a France-based autonomous intergovernmental organization, global natural gas consumption is projected to expand at an average annual rate of 0.8% from 2022 to 2025. Therefore, the rapidly growing demand for natural gas is driving the growth of the gas treatment market.

Key Industry Players
Major companies operating in the gas treatment market report are DuPont de Nemours Inc., Huntsman International LLC, Ecolab Inc., Clariant AG, BASF SE, Berryman Chemicals Pvt. Ltd., Eunisell Limited, Hexion Inc., 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

The gas treatment market report table of contents includes:

1. Executive Summary

2. Gas Treatment Market Characteristics

3. Gas Treatment Market Trends And Strategies

4. Gas Treatment Market – Macro Economic Scenario

5. Global Gas Treatment Market Size and Growth

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31. Global Gas Treatment Market Competitive Benchmarking

32. Global Gas Treatment Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Gas Treatment Market

34. Gas Treatment Market Future Outlook and Potential Analysis

35. Appendix