Global Hydrogen Sulfide Scavengers Market Forecast (2023-2029)


Posted September 25, 2023 by aishwaryammr

Hydrogen Sulfide Scavengers Market is expected to grow at a CAGR of 4.99% during the forecast period to reach US$ 722 Mn by 2029.
 
Hydrogen Sulfide Scavengers Market Overview:

The primary goal of this research is to assist the user in understanding the Hydrogen Sulfide Scavengers Market in terms of definition, segmentation, market potential, significant trends, and the problems that the Hydrogen Sulfide Scavengers industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.

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Hydrogen Sulfide Scavengers Market Scope:

The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.

Hydrogen Sulfide Scavengers Market Segmentation:

In terms of market share by process, the regeneration segment dominated the global market for hydrogen sulfide scavengers in 2022. Installing a regenerative system for treating sour gas is the most cost-effective way to remove H2S from the gas process stream in large production facilities. The market for hydrogen sulfide scavengers is driven by this reason in the regeneration category. In the oil business, triazine is a frequently used, non-regenerative liquid H2S scavenger. It is mostly utilized to get rid of H2S at low concentrations (less than 100 ppmv/mmscf). In the market for hydrogen sulfide scavengers, triazine dominated the non-regenerative subsegment in 2022.

Asia-Pacific dominated the global market for hydrogen sulfide scavengers in terms of demand in 2022. According to OPEC, the Asia-Pacific region is responsible for almost 60% of both the world's GDP and energy demand. Asia Pacific has a 49 million barrel per day demand for oil, which is 59% of the world's 82 million barrel per day demand. Crude oil production is increasing as a result of this. The main purpose of hydrogen sulfide scavengers is to remove hydrogen sulfide from crude oil.

1 Global Hydrogen Sulfide Scavengers Market, by Process (2022-2029)
• Regenerative
o Monoethanolamine (MEA)
o Diethanolamine (DEA)
o N-methyldiethanolamine (MDEA)
o Diisopropylamine
o Diglycolamine (DGA)
• Non-regenerative Triazine
o Solid Scavengers
o Oxidizing Chemicals
o Aldehydes
o Metal Carboxylates
o Chelates
2 Global Hydrogen Sulfide Scavengers Market, by Type (2022-2029)
• Water-soluble
• Oil-soluble
• Metal-based
3 Global Hydrogen Sulfide Scavengers Market, by Application (2022-2029)
• Onshore
• Offshore
4 Global Hydrogen Sulfide Scavengers Market, by End Use Industry (2022-2029)
• Water Treatment
• Oil & Gas
• Waste Management
• Others

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Hydrogen Sulfide Scavengers Market Key Players: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the Hydrogen Sulfide Scavengers market are

• Schlumberger Limited
• Halliburton
• Baker Hughes
• Nalco Champion
• Hexion
• Arkema S.A.
• Lonza
• SUEZ
• AkzoNobel N.V.
• Axalta Coating Systems
• The Sherwin-Williams Company
• PPG Industries, Inc.
• KAPCI Coatings
• Kansai Paint Co., Ltd.
• Nippon Paint Holdings Co., Ltd.
• The Valspar Corporation
• Berger Paints India Limited
• Asian Paints Limited
• Kansai Nerolac Paints Limited
• SOMAR
• BASF SE
• RPM International Inc.
• DuluxGroup Limited
• Marpol Private Limited.

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Regional Analysis:

The report focuses on Global Regions and Market Size of Hydrogen Sulfide Scavengers, and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.

COVID-19 Impact Analysis on Hydrogen Sulfide Scavengers Market:

The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the Hydrogen Sulfide Scavengers industry in 2021.

Key Questions Answered in the Hydrogen Sulfide Scavengers Market Report are:


What is the function of Hydrogen Sulfide Scavengers?
What is the predicted revenue generation of the Hydrogen Sulfide Scavengers market?
At what growth rate is the Hydrogen Sulfide Scavengers market evolving?
Who are the major market giants operating in the Hydrogen Sulfide Scavengers market?
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Tags hydrogen sulfide scavengers market , hydrogen sulfide scavengers market share , hydrogen sulfide scavengers market business
Last Updated September 25, 2023