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Gas Treatment Market Expansion Continues, with Forecast Valuation of $5.97 Billion by 2029
Gas Treatment
Gas Treatment Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent years, the gas treatment market has seen a robust growth. The market size is projected to increase from $4.43 billion in 2024 to $4.69 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.0%. Several factors have been linked to this growth during the historic period, including environmental regulations, industrial growth, mounting health and safety concerns, a surge in clean energy demands, urbanization, and industrialization.
Gas Treatment Market Size Forecast: What's the Projected Valuation by 2029?
The market for gas treatment is anticipated to witness robust expansion in the upcoming years. The value is predicted to reach $5.97 billion by 2029, with a compound annual growth rate (CAGR) of 6.2%. The factors such as rigorous environmental laws, rising worldwide industrialization, emphasis on sustainable solutions, transition towards renewable energy, urban growth, and pollution control policies will contribute to the surge during the forecasted period. Customization and modular solutions, digital adaptations in gas treatment, resilience towards pandemics, globalization along with trade compliance, and utilization of biogas and biomass are projected to be significant trends in this period.
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What Are the Drivers Transforming the Gas Treatment Market?
The gas treatment market's expansion is predicted to surge owing to the burgeoning demand for natural gas. The employment of natural gas in gas treatment processes like extraction, exclusion, segregation, and liquification has significantly influenced its increasing demand. For instance, the U.S. Energy Information Administration (eia), a US government agency, reported in April 2024 the largest growth in natural gas consumption occurring in the electric power sector amongst U.S. economic sectors. It marked a 7% increment (2.2 Bcf/d), elevating from 33.2 Bcf/d in 2022 to an all-time high of 35.4 Bcf/d in 2023. Consequently, the escalating demand for natural gas is catalyzing the growth of the gas treatment market.
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What Long-Term Trends Will Define the Future of the Gas Treatment Market?
Technological advancements are becoming a significant trend in the gas treatment industry. Major corporations in the market are pioneering with new technologies and investing in research and development. For example, a petroleum company from Brazil, Petróleo Brasileiro S.A., launched a unique natural gas processing unit in Rio de Janeiro. Situated at the Boaventura Energy Complex, the new UPGN unit, will handle up to 21 million cubic meters of gas per day from the Santos Basin. This will considerably amplify Brazil's domestic supply while minimizing reliance on imports. Future plans include expansion into gas-fired thermoelectric plants and refining units to increase production capacities of lubricating oils, diesel, and aviation kerosene. Moreover, they're implementing an innovative technique that uses a mobile near-infrared (NIR) spectrometer combined with data processing. Soon, users will be able to load plant samples directly into the digilab device and receive immediate component analysis.
Which Segments in the Gas Treatment Market Offer the Most Profit Potential?
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 Firms Dominate the Gas Treatment Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in 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.
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