Stratview Research has published a new report titled “Gas Treatment Market” which is segmented by Type (Amines, Non-Amines), by Application Type (Acid Gas Removal, Dehydration), and by Region (North America, Europe, Asia-Pacific, and the Rest of the World).
As per the study, the market was estimated to grow from USD 3.69 billion in 2021 to USD 5.75 billion by 2028 at a healthy CAGR of 6.42% during the forecast period of 2022-2028.
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
The amines segment is expected to hold the larger share of the market in the coming five years, in terms of both value and volume.
The market is segmented into amines and non-amines. The growth is attributed to the higher market share of amines, which is accentuated by their high rejuvenation ability and cost-effectiveness against other gas treatments.
By Application Type
The acid gas removal application segment is estimated to lead the market, in terms of both value and volume, during the forecast period.
The market is segmented as acid gas removal and dehydration. The growth of this segment is driven by the growing cognizance of natural gas as a cleanser source for electricity generation in different countries, such as Malaysia, Indonesia, China, and India, and the rising compliance with the environmental protocols by various industries for curbing air pollution in the developed economies.
Which Region is expected to remain the largest market?
Asia-Pacific is estimated to be the fastest-growing market for gas treatment, globally, in terms of volume.
The market is sustained by the presence of a large industrial base in the region and the rising demand for gas treatment from the oil & gas sector. Further, various initiatives adopted by governments of different countries of the region to entice investments from various international companies are anticipated to drive the growth of the market during the forecast period. China and India are the growth engines of the region. North America and Europe are also expected to offer substantial growth opportunities in the coming five years.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players active in the Gas Treatment Market:
Key questions answered by the report.
What is the projected CAGR for revenue from the Gas Treatment Market during the forecast period?
What would the market be valued at by 2028?
What is a major driving factor for the growth of the market?
Which region accounted for the largest revenue share in the Gas Treatment Market?
Which are the major market players?