Hydrogen Sulphide Market Scope
Hydrogen sulphide appears as a colorless gas having a strong odor of rotten eggs. Boiling point -60.2°C. Shipped as a liquid confined under its own vapor pressure. Density (liquid) 8.3 lb / gal. Contact with the unconfined liquid can cause frostbite by evaporative cooling. Gas is very toxic by inhalation.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Hydrite Chemical (United States), Evonik Industries (Germany), BASF (Germany), Air Liquide (France), The Linde Group (Ireland), Praxair (United Kingdom), Air Products and Chemicals (United States) and Sobegi (France) |
CAGR | 3.8% |
The global Hydrogen Sulphide market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability. Research Analyst at AMA estimates that Germany Manufacturers will contribute to the maximum growth of Global Hydrogen Sulphide market throughout the predicted period.
Hydrite Chemical (United States), Evonik Industries (Germany), BASF (Germany), Air Liquide (France), The Linde Group (Ireland), Praxair (United Kingdom), Air Products and Chemicals (United States) and Sobegi (France) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Messer Group (Germany) and Matheson Tri-Gas (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Hydrogen Sulphide market by Type , by Application (Chemical, Oil and Gas, Metals and Metallurgy and Others) and Region with country level break-up.
On the basis of geography, the market of Hydrogen Sulphide 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). Asia Pacific region held largest market share in the year 2023. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
Hydrite Chemical Co., and Thatcher Company of California, Inc, announced in November 2021 the formation of a new joint venture. The joint venture, named Sacramento Ag Products, LLC (“Sac-Ag”), will focus on producing thiosulfate chemistries for the West Coast agricultural market and bisulfites for industrial market applications. Hydrite and Thatcher are both leading manufacturers of sulfur derivatives in the USA.
In January 2022 Evonik builds the world's first industrial-scale production plant for rhamnolipids Evonik is investing a three-digit million-euro sum in the construction of a new production plant for bio-based and fully biodegradable rhamnolipids.
While there are no regulatory exposure limits outside of the workplace for hydrogen sulfide (H2S), there are exposure guidelines to which our monitoring data will be compared. The Center for Disease Control and Prevention’s Agency for Toxic Substances and Disease Registry (ATSDR) has established an acute Minimal Risk Level (MRL) for H2S. A MRL is an estimate of the daily human exposure to a hazardous substance that is likely to be without appreciable risk of adverse health effects over a specified duration of exposure.
Influencing Trend:
Increase Demand at Chemical Industries and Adoption For Eco-Friendly Fuels That Further Propels the Growth of the Market
Market Growth Drivers:
Intensifying the Demand for Chemical Products, Fuels, and Petroleum Refining and Increasing Oil and Gas Industries Globally
Challenges:
Lack Of Research And Development In The Industry Are Anticipated The Challenge The Market
Restraints:
The adoption of severe rules connected with the use of hydrogen sulfide, on the other hand, is likely to limit the expansion of the hydrogen sulfide market.
Opportunities:
Technological Developments, Rising Urbanization and Growing Automation in both Developed and Developing Industries
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Hydrogen Sulphide Suppliers and Distributors, Government Regulatory and Research Organizations and End-Use Industries