All updated as on -
In 2022, the worldwide market was estimated to be worth US$509.8 million. From 2023 to 2030, it is predicted to increase at a CAGR of 5.2%, ultimately reaching US$ 734.8 Mn.
Scavengers for hydrogen sulphide are chemical substances. It is designed to get rid of hydrogen sulphide gas (H2S), which is odorous, combustible, poisonous, and colourless. The upstream and downstream sectors of the oil and gas industry are both vulnerable to the effects of H2S. The sweetening process benefits from the use of hydrogen sulphide scavengers, which prevent corrosion caused by H2S. In addition, there are two distinct varieties of this chemical to choose from: those that promote regeneration and those that do not. Fuel, crude oil, LPG, natural gas, and other petroleum products are only some of the many uses for the steel used to construct tanker ships, pipelines, and storage tanks.
Market for compounds that absorb or neutralise hydrogen sulphide gas is known as the "hydrogen sulphide scavenger market." Oil and gas, wastewater treatment, pulp and paper, and mining are just some of the industries that use H2S scavengers to keep this hazardous and corrosive gas from escaping. The growth of several industries, including the oil and gas sector, has resulted in a worldwide rise in the need for H2S scavengers. The introduction of more effective and specialised H2S scavenger formulations is a direct result of developments in chemical engineering and new technologies. The efficiency of H2S removal, the economy of operation, and the durability of H2S removal machinery are all enhanced by these developments.
Market growth for hydrogen sulphide scavengers can be attributed to rising demand from the oil and gas refining sector and the petrochemical and specialty chemical sectors. Hydrogen sulphide scavengers are becoming increasingly popular as a result of rising safety concerns in the business sector, which has led to a decrease in the availability of hydrogen sulphide and an increase in the use of the compounds used to purge H2S gas from process systems and reduce corrosion. Businesses are increasingly turning to hydrogen sulphide scavengers due to the benefits they provide in terms of simplifying the removal of reaction products from process systems, maintaining the integrity of assets, and reducing the frequency with which outdated machinery must be replaced. In addition, the market for hydrogen sulphide scavengers benefits from rapid industrialization, rising demand for additives in the oil and gas industry, use as a cost-effective alternative for corrosion in traditional sweetening processes, increased demand for sweetening processes, high global energy demand, and rising investment. However, the growth of the hydrogen sulphide scavenger market is anticipated to be stifled by the introduction of stringent regulations on the usage of scavengers. Growth in oil & gas exploration and production activities is likely to push the worldwide hydrogen sulphide scavengers market during the forecast period. Stricter H2S regulations and corrosion control preventative efforts are also expected to contribute to market growth in the near future.
The emission of hydrogen sulphide gas into the atmosphere is extremely dangerous for employees' health and the environment. As a result, suppliers in the worldwide hydrogen sulphide scavengers market are placing a greater emphasis on R&D for effective and affordable H2S scavengers in order to satisfy industrial safety and environmental standards. These developments are made with the hopes of increasing the scavenger's productivity, lessening its negative effects on the environment, and making it as affordable as possible. Hydrogen sulphide scavenger manufacturers are competing for a larger portion of the market by focusing on the creation of specialised solutions.
Hydrogen sulphide scavenger demand is growing as a result of expansion in the petrochemical and speciality chemical sectors. Demand is projected to be driven by the need for efficient H2S removal methods and the pursuit of higher levels of sweetened oil production. Construction of new refineries and upgrades to existing refinery complexes have contributed to a rise in global refinery capacity as a result of the growing demand for petroleum and natural gas. There are now a large number of huge refinery expansions in various phases of planning or construction, all of which are expected to be completed on schedule. The market for hydrogen sulphide scavengers is expected to grow at a high rate over the forecast period due to rising industrial sector activity. The global market for hydrogen sulphide scavengers is predicted to expand substantially throughout the forecast period due to the increasing demand from a variety of end-user industries. Safety concerns in hydrogen sulfide-restricted companies, as well as the usage of compounds to remove H2S gas from process systems to minimise corrosion, are driving growth in the market for hydrogen sulphide scavengers. The development of the hydrogen sulphide scavenger market is anticipated to be hampered by the introduction of stringent legislation regulating the use of scavengers. The market for hydrogen sulphide scavengers is also projected to be hindered by increased worries about sulphide residue left behind when the process is not finished due to scavengers' failure to totally remove H2S gas.
Report Coverage
Global Hydrogen Sulfide Scavengers research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Hydrogen Sulfide Scavengers report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Hydrogen Sulfide Scavengers competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Hydrogen Sulfide Scavengers market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Hydrogen Sulfide Scavengers market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Hydrogen Sulfide Scavengers market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Solvay SA, Halliburton Co., KNG Capital, General Electric Co., ChemTreat, Inc., Merichem Co., Axalta Coating Systems, Schlumberger Ltd., BASF SE, Dorf-Ketal, Ecolab Inc., Chemical Products Industries Inc., The Dow Chemical Co., Nalco Water, Baker Hughes Co., Schlumberger Ltd., Hexion Inc., CARADAN CHEMICALS INTERNATIONAL, AkzoNobel N.V., Dorf Ketal Chemicals I Pvt. Ltd., Nalco Champion, Vink Chemicals GmbH and Co. KG, Arkema Group, Cestoil Chemical Inc., Altana AG, Innospec Inc., Newpoint Gas LLC, SUEZ, Paqell BV,
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Hydrogen Sulfide Scavengers market based on the below-mentioned segments:
Global Hydrogen Sulfide Scavengers Market, By Type
Water-soluble
Oil-soluble
Metal-based
Global Hydrogen Sulfide Scavengers market, By Process
Regenerative
Non-Regenerative
Global Hydrogen Sulfide Scavengers Market, By End User
Water Treatment
Oil and Gas
Waste Management
Others
Global Hydrogen Sulfide Scavengers market, Regional Analysis
Scavengers for hydrogen sulphide are chemical substances. It is designed to get rid of hydrogen sulphide gas (H2S), which is odorous, combustible, poisonous, and colourless. The upstream and downstream sectors of the oil and gas industry are both vulnerable to the effects of H2S. The sweetening process benefits from the use of hydrogen sulphide scavengers, which prevent corrosion caused by H2S. In addition, there are two distinct varieties of this chemical to choose from: those that promote regeneration and those that do not. Fuel, crude oil, LPG, natural gas, and other petroleum products are only some of the many uses for the steel used to construct tanker ships, pipelines, and storage tanks.
Market for compounds that absorb or neutralise hydrogen sulphide gas is known as the "hydrogen sulphide scavenger market." Oil and gas, wastewater treatment, pulp and paper, and mining are just some of the industries that use H2S scavengers to keep this hazardous and corrosive gas from escaping. The growth of several industries, including the oil and gas sector, has resulted in a worldwide rise in the need for H2S scavengers. The introduction of more effective and specialised H2S scavenger formulations is a direct result of developments in chemical engineering and new technologies. The efficiency of H2S removal, the economy of operation, and the durability of H2S removal machinery are all enhanced by these developments.
Market growth for hydrogen sulphide scavengers can be attributed to rising demand from the oil and gas refining sector and the petrochemical and specialty chemical sectors. Hydrogen sulphide scavengers are becoming increasingly popular as a result of rising safety concerns in the business sector, which has led to a decrease in the availability of hydrogen sulphide and an increase in the use of the compounds used to purge H2S gas from process systems and reduce corrosion. Businesses are increasingly turning to hydrogen sulphide scavengers due to the benefits they provide in terms of simplifying the removal of reaction products from process systems, maintaining the integrity of assets, and reducing the frequency with which outdated machinery must be replaced. In addition, the market for hydrogen sulphide scavengers benefits from rapid industrialization, rising demand for additives in the oil and gas industry, use as a cost-effective alternative for corrosion in traditional sweetening processes, increased demand for sweetening processes, high global energy demand, and rising investment. However, the growth of the hydrogen sulphide scavenger market is anticipated to be stifled by the introduction of stringent regulations on the usage of scavengers. Growth in oil & gas exploration and production activities is likely to push the worldwide hydrogen sulphide scavengers market during the forecast period. Stricter H2S regulations and corrosion control preventative efforts are also expected to contribute to market growth in the near future.
The emission of hydrogen sulphide gas into the atmosphere is extremely dangerous for employees' health and the environment. As a result, suppliers in the worldwide hydrogen sulphide scavengers market are placing a greater emphasis on R&D for effective and affordable H2S scavengers in order to satisfy industrial safety and environmental standards. These developments are made with the hopes of increasing the scavenger's productivity, lessening its negative effects on the environment, and making it as affordable as possible. Hydrogen sulphide scavenger manufacturers are competing for a larger portion of the market by focusing on the creation of specialised solutions.
Hydrogen sulphide scavenger demand is growing as a result of expansion in the petrochemical and speciality chemical sectors. Demand is projected to be driven by the need for efficient H2S removal methods and the pursuit of higher levels of sweetened oil production. Construction of new refineries and upgrades to existing refinery complexes have contributed to a rise in global refinery capacity as a result of the growing demand for petroleum and natural gas. There are now a large number of huge refinery expansions in various phases of planning or construction, all of which are expected to be completed on schedule. The market for hydrogen sulphide scavengers is expected to grow at a high rate over the forecast period due to rising industrial sector activity. The global market for hydrogen sulphide scavengers is predicted to expand substantially throughout the forecast period due to the increasing demand from a variety of end-user industries. Safety concerns in hydrogen sulfide-restricted companies, as well as the usage of compounds to remove H2S gas from process systems to minimise corrosion, are driving growth in the market for hydrogen sulphide scavengers. The development of the hydrogen sulphide scavenger market is anticipated to be hampered by the introduction of stringent legislation regulating the use of scavengers. The market for hydrogen sulphide scavengers is also projected to be hindered by increased worries about sulphide residue left behind when the process is not finished due to scavengers' failure to totally remove H2S gas.
Report Coverage
Global Hydrogen Sulfide Scavengers research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Hydrogen Sulfide Scavengers report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Hydrogen Sulfide Scavengers competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Hydrogen Sulfide Scavengers market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Solvay SA, Halliburton Co., KNG Capital, General Electric Co., ChemTreat, Inc., Merichem Co., Axalta Coating Systems, Schlumberger Ltd., BASF SE, Dorf-Ketal, Ecolab Inc., Chemical Products Industries Inc., The Dow Chemical Co., Nalco Water, Baker Hughes Co., Schlumberger Ltd., Hexion Inc., CARADAN CHEMICALS INTERNATIONAL, AkzoNobel N.V., Dorf Ketal Chemicals I Pvt. Ltd., Nalco Champion, Vink Chemicals GmbH and Co. KG, Arkema Group, Cestoil Chemical Inc., Altana AG, Innospec Inc., Newpoint Gas LLC, SUEZ, Paqell BV, |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Hydrogen Sulfide Scavengers Market from 2021 to 2030.
- Market Forecast for Hydrogen Sulfide Scavengers Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Hydrogen Sulfide Scavengers competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Hydrogen Sulfide Scavengers
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Hydrogen Sulfide Scavengers market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Hydrogen Sulfide Scavengers market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Solvay SA, Halliburton Co., KNG Capital, General Electric Co., ChemTreat, Inc., Merichem Co., Axalta Coating Systems, Schlumberger Ltd., BASF SE, Dorf-Ketal, Ecolab Inc., Chemical Products Industries Inc., The Dow Chemical Co., Nalco Water, Baker Hughes Co., Schlumberger Ltd., Hexion Inc., CARADAN CHEMICALS INTERNATIONAL, AkzoNobel N.V., Dorf Ketal Chemicals I Pvt. Ltd., Nalco Champion, Vink Chemicals GmbH and Co. KG, Arkema Group, Cestoil Chemical Inc., Altana AG, Innospec Inc., Newpoint Gas LLC, SUEZ, Paqell BV,
Primary Target Market
- Market Players of Hydrogen Sulfide Scavengers
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Hydrogen Sulfide Scavengers market based on the below-mentioned segments:
Global Hydrogen Sulfide Scavengers Market, By Type
Water-soluble
Oil-soluble
Metal-based
Global Hydrogen Sulfide Scavengers market, By Process
Regenerative
Non-Regenerative
Global Hydrogen Sulfide Scavengers Market, By End User
Water Treatment
Oil and Gas
Waste Management
Others
Global Hydrogen Sulfide Scavengers market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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