The Gas Treatment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Gas Treatment Global Market Report 2024, 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..
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.
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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
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 November 2021, BASF, a Germany -based chemical company introduced OASE digilab, a technique to examine the makeup of the gas-treating agents in the OASE procedures instantly. Previously, this involved a time-consuming effort and difficult process that required sending samples from the processing at the various customers to two specialized BASF laboratories for analysis. 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.
Major Players:
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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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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