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Global Hydrogen Sulfide Removal market is expected to reach 2240 million USD by the end of 2023
Published Date: 2018/11/9
Hydrogen sulfide (H2S) is a very toxic and pungent gas that causes problems in both the upstream and downstream Oil Industry and gas industry which cause lots of loss. So the desorption of hydrogen sulfide is important. Hydrogen sulfide scavengers which remove the H2S from the upstream and downstream oil Industry and gas to reduce corrosion are paid more and more attention.
With the development of shale gas in North America, the hydrogen sulfide scavengers industrial will continue to develop in the future. The traditional desulfurization technology has the drawbacks. With the increasingly stringent environmental regulations, the developemt of the environmental process without secondary pollution technology has become popular such as microbial decomposition method, oxidation method, electrochemical method, microwave method and so on.
Middle East & Africa and North America are the main consumption regions. In 2016, North America revenue is 567 Million USD, Occupy 27.8% of global market.
The global Hydrogen Sulfide Removal market is valued at 2039 million USD in 2016 and is expected to reach 2240 million USD by the end of 2023, growing at a CAGR of 1.04% between 2018 and 2023.
The type can be divided into regenerative and non-regenerative. And with the environment requirement increasing, regenerative hydrogen sulfide scavengers are main type. The application of hydrogen sulfide scavengers is gas industry, oil industry and waste water treatment. Gas industry and oil industry are the main application fields.
In future, the hydrogen sulfide removal industry in the world will be turn concentrated. The world hydrogen sulfide removal consuming market will still has a certain amount of growth. Global competition is likely to turn to the relationship of competition and cooperation. With the development of economy, hydrogen sulfide removal has huge market potential in the future. In future, the world hydrogen sulfide removal capacity will continue to expand.
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