Market Snapshot:
Natural gas or crude containing hydrogen sulfide (H2S) is commonly referred to as sour gas and/or sour crude. Hydrogen sulfide is soluble in both water and hydrocarbon. It causes major issues related to safety, environment & regulatory, and operational issues. A maximum of eight hours of exposure to concentrations greater than 100 ppm H2S will cause hemorrhage and death. Hydrogen sulfide scavengers offer a cost-effective alternative for corrosion in the traditional sweetening process due to this it is being widely adopted in oil & gas industries. The chemical products are applied in columns or sprayed directly into gas pipelines. According to a source, over 1 billion barrels of proven crude oil reserves are currently available on a global scale. The increase in crude oil production will rise the use of hydrogen sulfide scavengers in the oil & gas sector. Hence will help in driving the market size.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | SUEZ (France), Nalco Water (United States), ChemTreat, Inc (United States), Chemical Products Industries, Inc. (United States), Dorf Ketal Chemicals (I) Pvt. Ltd (India), Merichem Company (United States), Schlumberger Limited (United States), Arkema S.A. (France), Halliburton Company (United States), Baker Hughes Company (United States), Stepan Company(United States), NuGeneration Technologies (United States), Hexion Inc. (United States), Lonza Group (Switzerland) and Schlumberger Limited (United States) |
CAGR | 5.1% |
Segment Analysis
AMA Research have segmented the market of Global Hydrogen Sulfide Scavengers market by Type, Application and Region. On the basis of Type, Regenerative are dominating the market in the year 2023 where as Non-Regenerative stood as second largest market share.
On the basis of geography, the market of Hydrogen Sulfide Scavengers 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).
region held largest market share in the year 2023.
Market Trend
Demand For Efficient Process Treatment Chemicals and Customized Engineering Solution
Market Drivers
High Consumption Of Hydrogen Sulfide Scavengers In Oil & Gas Industry and Cost-Effective Alternative For Corrosion In Traditional Sweetening Process
Opportunities
Increasing Need For Removal Of H2S Gas In End Use Applications and Rising Focus On Regenerative Hydrogen Sulfide Scavengers
Restraints
- Stringent Regulations Are Applied Onto The Usage Of Scavengers
In addition to the aforementioned factor, High Consumption Of Hydrogen Sulfide Scavengers In Oil & Gas Industry
is expected to propel the growth of the market over the forecast period.
Competitive Landscape
The market consist of a few leading players who are focusing on research & development, product launches, and strategic agreements to maintain their position in the global hydrogen sulfide scavengers market. The key manufacturers in the market are trying to develop technologically cost-effective and software-based solutions to treat hydrogen sulfide in oil reserves.
The key Vendors profiled in the study are SUEZ (France), Nalco Water (United States), ChemTreat, Inc (United States), Chemical Products Industries, Inc. (United States), Dorf Ketal Chemicals (I) Pvt. Ltd (India), Merichem Company (United States), Schlumberger Limited (United States), Arkema S.A. (France), Halliburton Company (United States), Baker Hughes Company (United States), Stepan Company(United States), NuGeneration Technologies (United States), Hexion Inc. (United States), Lonza Group (Switzerland) and Schlumberger Limited (United States).