What is Recovered Sulphur Market Scope?
Sulphur is a resource that is used to make paper, fertilizers, pharmaceuticals, cosmetics, pesticides, and steel, among other things. Sulphur recovery refers to the conversion of hydrogen sulfide (H2S) into elemental sulfur. Hydrogen sulfide is the result of the production of combustible gas and the refining of unrefined oils with high sulfur content. There are many innovations in sulfur recovery that are accessible for various applications. However, the most commonly used conversion method is the Claus process. Sulphur recovery is defined as the conversion of hydrogen sulfide into elemental sulphur. Hydrogen sulfide is one of the main by-products in the processing of high-sulfur crude oils and natural gas. The increasing focus on regulations to reduce sulphur in products and lower sulphur emissions has, in turn, increased the demand for the use of sulphur recovery technologies. Sulphur recovery technologies are mainly based on two processes: the Claus and Claus process and the tail gas treatment process.
The Recovered Sulphur market study is being classified by Type (Gas-Recovered Sulphur, Oil-Recovered Sulphur and Others), by Application (Fertilizer and Non-Fertilizer) and major geographies with country level break-up.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Recovered Sulphur market throughout the predicted period.
Valero Energy Corp (United States), John Wood Group Plc (United Kingdom), Exxon Mobil Corp (United States), ConocoPhillips Co (United States), Marathon Petroleum Corp (United States), Motiva Enterprises LLC (United States), Shell Global (Netherlands), Jacobs Engineering Group Inc. (United States), Technip SA (France) and Linde AG (Ireland) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are WorleyParsons Ltd. (Australia) and Chiyoda Corporation (Japan).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Recovered Sulphur market by Type, Application and Region.
On the basis of geography, the market of Recovered Sulphur has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
In October 2017, one of the leading recovered sulphur technology provider John Wood Group Plc completed the acquisition of Amec Foster Wheeler. This acquisition would help the company to expand its geographical presence as well as its product portfolio.
Influencing Market Trend
- The Growing Awareness to Reduce Greenhouse Gas Emissions
- The Increasing Number of Refinery Projects
Market Drivers
- The Increased Applications of Sulphur across Several End-Use Industries
- The Increasing Number of Refineries and Gas Processing Plants in Emerging Economies
- Increasing Rate of Urbanization
Opportunities
- Growth Opportunities in the Mining Sector
- The Growing Demand from Developing Countries across the World
- Increased Investments by Industry Bodies for the Research and Development of Advanced Technology
Restraints
- A Huge Gap in the Demand and Supply of Sulphur
Challenges
- A Decrease in Demand for Sulphur in Developed Countries
Key Target Audience
Providers of Recovered Sulphur, Suppliers and Distributors of Recovered Sulphur, End-Users, Potential Investors, Market Research Firms and Others
Customization available in this Study:
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