Key Influencer in the Gas Treatment Market 2025: Surging Demand For Natural Gas Drives Expansion Of The Gas Treatment Market Driver

"What combination of drivers is leading to accelerated growth in the gas treatment market?
The burgeoning need for natural gas is projected to fuel the expansion of the gas treatment market in the future. Natural gas plays a crucial role in gas treatment for processes such as extraction, elimination, division, and liquification. A rise in the appetite for natural gas correspondingly heightens the need for gas treatment. For example, the U.S. Energy Information Administration (eia), a government organization in the U.S., announced in April 2024 that the year 2023 saw the largest surge in natural gas usage among all U.S. economic sectors in the electric power sector, showcasing a 7% rise (2.2 Bcf/d), leaping from 33.2 Bcf/d in 2022 to an unprecedented peak of 35.4 Bcf/d. Consequently, the swiftly escalating need for natural gas is steering the advancement of the gas treatment market.

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What is the projected compound annual growth rate (CAGR) of the gas treatment market from 2025 to 2034, and what factors influence it?
In recent times, the gas treatment market size has seen significant growth. The market is projected to expand from $4.43 billion in 2024 to $4.69 billion in 2025, witnessing a compound annual growth rate (CAGR) of 6.0%. The acceleration in the gas treatment market during the historical period is due to factors such as environmental laws, industrial growth, rising health and safety concerns, a surge in demand for clean energy, and the combined effect of urbanization and industrialization.

In the forthcoming years, the gas treatment market is projected to experience significant growth, expanding to $5.97 billion by 2029 with a compound annual growth rate (CAGR) of 6.2%. Factors such as stringent environmental laws, increased worldwide industrialization, the prioritization of sustainable solutions, the transition to renewable energy, urbanization, and pollution control are all contributing to the anticipated growth during the forecast period. Noteworthy trends over the forecast period comprise tailored and modular solutions, digital transformation in gas treatment, resilience to pandemics, globalization and trade compliance, and the uptake of biogas and biomass.

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How are the latest trends influencing the growth of the gas treatment market?
One key trend that's garnering momentum in the gas treatment market is technological innovation. Major firms involved in the gas treatment market are making advancements in fresh technologies and their research and development activities. For example, in September 2024, Petrobras, a petroleum company based in Brazil, inaugurated a natural gas processing unit in Rio de Janeiro. This new UPGN establishment, situated at the Boaventura Energy Complex, will process around 21 million cubic meters of Santos Basin's gas daily, which significantly augments Brazil's domestic supply while concurrently minimizing import reliance. Future growth plans incorporate the inclusion of gas-powered thermoelectric plants and refining units, ramping up production for lubricating oils, diesel, and aviation kerosene. Though, this new approach integrates a portable NIR (near infrared) spectrometer with data processing or chemometrics. In due course, users will have the capability to inject plant samples directly into the digilab device to swiftly receive component analysis results.

What are the major segments of the gas treatment market and their role in driving growth?
The gas treatment market covered in this report is segmented -

1) By Type: Amines, Non-Amines
2) By Application: Acid Gas Removal, Dehydration
3) By End User: Power Plants, Refineries, Pulp And Paper, Metal And Mining, Food And Beverages, Oil And Gas, Sugar

Subsegments:
1) By Amines: Primary Amines, Secondary Amines, Tertiary Amines, Blended Amines
2) By Non-Amines: Solvent-Based Treatments, Physical Absorbents, Molecular Sieves, Ionic Liquids

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Which regions are key players in the growth of the gas treatment market?
North America was the largest region in the gas treatment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the gas treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the key firms paving the way for growth in the gas treatment market?
Major companies operating in the gas treatment market are DuPont de Nemours Inc., Huntsman International LLC, Ecolab Inc., Clariant AG, BASF SE, Berryman Chemicals Pvt. Ltd., Eunisell Limited, Innospec Inc., Varichem International Inc., Exxon Mobil Corporation, Akzo Nobel N.V., Gas Processing Equipment Pvt. Ltd., Boldrocchi Group, Jacobi Carbons AB, Axens SA, Honeywell International Inc., Zeochem AG, Arkema S.A., Cabot Corporation, Calgon Carbon Corporation, Kuraray Co. Ltd., Mitsubishi Chemical Corporation, Sumitomo Chemical Co. Ltd., Eastman Chemical Company, Evonik Industries AG, Solvay S.A., Lanxess AG, Albemarle Corporation, The Chemours Company

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What Is Covered In The Gas Treatment Global Market Report?

• Market Size Forecast: Examine the gas treatment market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the gas treatment market for a structured understanding.
• Key Players Overview: Analyze major players in the gas treatment market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the gas treatment market.
• Segment Contributions: Evaluate how different segments drive overall growth in the gas treatment market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the gas treatment market.
• Industry Challenges: Identify potential risks and obstacles affecting the gas treatment market.
• Competitive Landscape: Review strategic developments in the gas treatment market, including expansions, agreements, and new product launches.

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This release was published on openPR.