DUBLIN--(BUSINESS WIRE)--The "Gas Treatment Market by Type (Amines and Non-Amines), Application (Acid Gas Removal and Dehydration), and Region (North America, APAC, Europe, Middle East, Commonwealth of Independent States & Africa, and South America) - Global Forecasts to 2023" report has been added to ResearchAndMarkets.com's offering.
The gas treatment market is projected to grow from USD 3.76 billion in 2018 to USD 4.96 billion by 2023, at a CAGR of 5.7% from 2018 to 2023.
Growing demand for natural gas and stringent air pollution control regulations are driving the market for gas treatment. In addition, the discovery of new gas fields is an opportunity for gas treatment. The major restraint for the market is the insufficient supply and high cost of specialized raw materials and increasing competition from substitutes. In addition, high capital requirement makes it difficult for new players to enter the market.
Non-amines is projected to be the fastest-growing type segment during the forecast period, in terms of value and volume. These chemicals remove the water content from natural gas streams and help in preventing hydrate formation. Triethylene glycol is the largest non-amine used for dehydration and hydrate removal or prevention.
Market Dynamics
Drivers
- Growing Demand for Natural Gas
- Stringent Air Pollution Control Regulations
Restraints
- Insufficient Supply and High Cost of Specialized Raw Materials
- Increasing Competition From Substitutes
Opportunities
- Discovery of New Gas Fields
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Macroeconomic Indicators
7 Gas Treatment Market, By Type
8 Gas Treatment Market, By Application
9 Gas Treatment Market, By Region
10 Competitive Landscape
11 Company Profiles
- Huntsman International LLC
- BASF SE
- DowDuPont Inc.
- Ecolab Inc.
- Berryman Chemicals Inc.
- Clariant International Ltd.
- Eunisell Chemicals
- Hexion Inc.
- Innospec Inc.
- Varichem International
- Advance Petrochemicals Ltd.
- AkzoNobel N.V.
- Amine & Plasticizers Limited
- Baker Hughes Inc.
- Baze Chemical
- Doorf Ketal Chemicals
- ExxonMobil Corporation
- MCC Chemicals, Inc.
- Production Chemical Group
- Sintez Oka Group of Companies
For more information about this report visit https://www.researchandmarkets.com/research/9hnq6m/gas_treatment?w=4
