Gas Treatment Global Market Report 2024

The global gas treatment market 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 observed in the historical period can be attributed to environmental regulations, the expansion of industrial activities, growing concerns for health and safety, an increasing demand for clean energy, and the processes of urbanization and industrialization.

The global gas treatment market 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 anticipated growth in the forecast period can be attributed to the implementation of stringent environmental regulations, the ongoing global industrialization, a concentrated focus on sustainable solutions, the increasing shift to renewable energy sources, and efforts related to urbanization and pollution control. Major trends expected in the forecast period include the adoption of customization and modular solutions, the integration of digital transformation in gas treatment processes, the emphasis on resilience against pandemics, considerations for globalization and trade compliance, and the growing adoption of biogas and biomass as part of the overall energy mix.

The gas treatment market is set for substantial growth, propelled by the surging demand for natural gas. Natural gas plays a pivotal role in gas treatment processes, involving extraction, removal, separation, and liquefaction. The increasing global demand for natural gas, forecasted to expand at an average annual rate of 0.8% from 2022 to 2025 according to the International Energy Agency, underscores the market's growth trajectory. The heightened demand for natural gas necessitates advanced gas treatment solutions to cater to the diverse needs of extraction and processing.

The gas treatment market is poised for expansion, driven by the boom in shale gas production. Shale gas, a type of natural gas trapped within shale rock formations, presents unique challenges related to impurities and contaminants. Gas treatment processes become imperative in ensuring environmental compliance and optimizing the quality of shale gas. The increase in shale gas production, exemplified by a 7% rise in US shale gas production from 2020 to 2021, as reported by the Energy Information Administration, underscores the significance of gas treatment solutions in enhancing economic growth, ensuring infrastructure compatibility, and integrating shale gas into the global energy supply.

The gas treatment market is experiencing a transformative shift with a pronounced focus on technological innovation. Leading companies are leveraging cutting-edge technologies and investing in research and development to pioneer advancements in gas treatment. A notable example is BASF's introduction of OASE digilab, a technique streamlining the analysis of gas-treating agents. This innovative approach combines a mobile NIR spectrometer with data processing, enabling instantaneous component analysis of gas-treating agents. Such technological innovations enhance efficiency by eliminating time-consuming processes and contribute to the evolution of gas treatment methodologies.

Major players in the gas treatment market are emphasizing innovation by introducing advanced systems like exhaust gas treatment systems (EGTS). An EGTS is a crucial device designed to remove harmful pollutants from the exhaust gases of internal combustion engines. Wärtsilä Corporation's launch of the IQ Series scrubber is a notable example, showcasing features such as a 25% reduction in space requirements, 30% lighter weight, and a 35% decrease in volume. These design enhancements minimize the impact on a vessel's cargo capacity, making it particularly advantageous for container ships where space efficiency is paramount. The modular nature of the IQ Series further allows for upgrades with additional technologies to address diverse pollutants in exhaust gases.

In February 2022, Enterprise Products Partners L.P., a prominent U.S.-based midstream natural gas and crude oil pipeline company, successfully acquired Navitas Midstream Partners LLC in a deal valued at $3.25 billion. This strategic acquisition is aimed at reinforcing Enterprise's position in key aspects of the energy sector, specifically natural gas gathering, treating, and processing in the core of the Midland Basin of the Permian. The assets of Navitas Midstream Partners complement Enterprise's existing presence in the Delaware Basin. Navitas Midstream Partners, headquartered in the United States, is recognized for its offerings in natural gas gathering, treating, and processing services.

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, and The Chemours Company.

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. The countries covered in the gas treatment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main types of gas treatment are categorized as amines and non-amines. Amine gas treatment involves the use of aqueous solutions of various alkylamines to dissolve and remove hydrogen sulfide and carbon dioxide from refinery sour gases. Applications of gas treatment include acid gas removal and dehydration, with end-users spanning power plants, refineries, pulp and paper, metal and mining, food and beverages, oil and gas, and sugar industries. Gas treatment plays a crucial role in ensuring the quality and safety of gases used in diverse industrial applications.

This report provides gas treatment market statistics, including gas treatment industry global market size, regional shares, competitors with a gas treatment market share, detailed gas treatment segments, market trends and opportunities, and any further data you may need to thrive in the gas treatment industry. This gas treatment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The gas treatment market includes revenues earned by entities by providing services such as inlet separation, compression, gas sweetening, sulfur recovery or acid gas disposal, and dehydration. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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