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Gas Treatment Market worth $4.96 billion by 2023 - Exclusive Report by MarketsandMarkets™

 



(IT-NEWSWIRE.COM, December 22, 2021 ) The report "Gas Treatment Market by Type (Amines and Non-Amines), Application (Acid Gas Removal and Dehydration), and Region (North America, APAC, Europe, Middle East, Commonwealth of Independent States & Africa, and South America) - Global Forecasts to 2023". The gas treatment market is projected to grow from USD 3.76 billion in 2018 to USD 4.96 billion by 2023, at a CAGR of 5.7% from 2018 to 2023.

Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=167226464

Growing demand for natural gas and stringent air pollution control regulations are the major drivers of the gas treatment market. The discovery of new gas fields in many countries is also expected to drive the market during the forecast period.

Amines segment to lead the gas treatment market, during the forecast period, in terms of both value and volume

On the basis of type, the amines segment is projected to lead the gas treatment market, during the forecast period, in terms of both value and volume. The removal of acid contaminants from natural gas is necessary for the commercial industrial applications. Acid gases, such as hydrogen sulfide and carbon dioxide, need to be removed to meet the environmental and health and safety standards.

Acid gas removal segment is projected to lead the gas treatment market, during the forecast period, in terms of volume

On the basis of application, the acid gas removal segment is projected to lead the gas treatment market during the forecast period, in terms of both value and volume. Natural gas streams contain hydrogen sulfide and carbon dioxide. These gases are toxic and poisonous and need to be treated. These gases, in the presence of water, are extremely corrosive and can cause premature failure of pipeline, pressure vessels, and valves. Acid gases can also cause catalyst poisoning in refinery vessel and requires expensive precautionary measures. All these factors are responsible for the high growth of the gas treatment market.

Don't miss out on business opportunities in Gas Treatment Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=167226464

Browse in-depth TOC on "Gas Treatment Market”
79 - Market Data Tables
32 - Figures
109 - Pages

APAC gas treatment market is projected to register the highest CAGR, between 2018 and 2023, in terms of volume

The gas treatment market in APAC has immense growth potential. The discovery of new gas fields in the region is expected to fuel the demand for gas treatment during the forecast period. China, Australia, and Malaysia are some of the key countries in the region contributing significantly to the growth of the gas treatment market in the region.

Some of the key players in the gas treatment market are DowDuPont Inc. (US), Huntsman International LLC (US), BASF SE (Germany), Ecolab Inc., and Berryman Chemicals Inc. (US). Investments & expansions was the major growth strategy adopted by the market players, between 2015 and 2018, to enhance their regional foothold and meet the growing demand for gas treatment in the emerging economies.

Get Sample Pages of Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=167226464

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


MarketsandMarkets™

Mr. Aashish Mehra

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com



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