Gas Treatment Market Overview:
As per the analysis of Market Research Future (MRFR), the global gas treatment market is expected to grow at a CAGR of 5.76% and attain a valuation of USD 4,950 Mn by the end of the forecast period of 2018-2023. The global gas treatment market was valued at USD 3,572 Mn in 2018.
Gas treatment has become an inevitable process in order to ensure adherence to strict environmental norms. Raising awareness regarding worsening air quality has triggered the regulatory authorities of multiple countries to implement stringent air pollution control regulations which induce high demand for the global gas treatment market.
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Gas Treatment Market Key Players:
DowDuPont (US), Ecolab (US), Huntsman International LLC (US), Hexion (US), Clariant (Switzerland), BASF SE (Germany), Akzo Nobel N.V. (The Netherlands), Exxon Mobil Corporation (US), Eunisell Limited (Nigeria), and Berryman Chemical Inc. (US).
Gas Treatment Market Segmentation:
The global gas treatment market has been segmented based on type and application.
Type-wise segmentation of the global gas treatment market includes amines and non-amines. The amines segment dominated the market in 2018 while the non-amines segment is likely to be the fastest growing segment over the forecast period.
Application-wise segmentation of the global gas treatment market includes power plants, refineries, pulp & paper, metal & mining, food & beverages, oil & gas, and sugar. The refineries segment was the largest segment in 2018 while the power plants segment is anticipated to be the fastest growing segment.
Gas Treatment Market Regional Analysis:
North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa are the key markets for gas treatment. North America accounted for the largest share of the market in 2018. Stringent air pollution control regulations in the region can be attributed for the growth of the North America. The discovery of shale gas in the US is also a significant factor which can be accredited for the growth of the gas treatment market in North America.
Europe too is a significant market for gas treatment driven by growing industrialization in the region and implementation of industrial air pollution control measures.
Asia Pacific is slated to be the fastest growing market for gas treatment owing to expanding industrial base and surging demand for gas treatment from the oil & gas industry. New discovery of gas fields in the region along with availability of relatively cheap labor, and low cost of raw materials in the region has positioned Asia Pacific as an important market for gas treatment.
The Middle East & Africa market is expected to be a lucrative destination for gas treatment market owing to surge in gas and oil exploration activities in the region which generate substantial demand for gas treatment.
Gas Treatment Market Table of Content:
1 Executive Summary
2 Scope of The Report
3 Market Research Methodology
4 Market Factor Analysis
5 Market Dynamics of Global Gas Treatment Market
Gas Treatment Market Table of Content to be Continue….,
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Gas Treatment Market Overview: