Soaring Demand Set to Propel Gas Treatment Market to $5.24 Billion by 2029

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What Is the Expected CAGR for the Gas Treatment Market Through 2025?
The overall value of the gas treatment market has seen consistent growth over the last few years. Its size, which is expected to be $4.43 billion in 2024, is predicted to see an increase to $4.54 billion in 2025. This growth, at a compound annual growth rate (CAGR) of 2.5%, is influenced by factors such as environmental legislation, industrial growth, heightened focus on health and safety, an augmented appeal for clean energy, and the twin forces of urbanization and industrialization.

What's the Projected Size of the Global Gas Treatment Market by 2029?
In the coming years, a steady expansion is anticipated for the gas treatment market, projecting it to rise to $5.24 billion by 2029 at a 3.7% Compound Annual Growth Rate (CAGR). Factors contributing to the growth during the projected period include stringent environmental regulations, accelerated global industrialization, an emphasis on sustainability, shift towards renewable energy, urbanization, and pollution control. Key trends within this timeframe encompass bespoke and modular solutions, digital transition in gas treatment, resilience in the face of pandemics, compliance with globalization and trade, and the integration of biogas and biomass.

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Top Growth Drivers in the Gas Treatment Industry: What's Accelerating the Market?
The anticipated surge in natural gas demand is expected to act as a catalyst for the expansion of the gas treatment market. The use of natural gas in gas treatment processes such as extraction, removal, separation, and liquifying directly correlates to the demand for gas treatment. For example, the U.S. Energy Information Administration (eia), a government entity of the US, reported in April 2024 that in 2023 the electric power sector witnessed the most significant increase in natural gas consumption across U.S. economic sectors, with a growth of 7% (2.2 Bcf/d), escalating from 33.2 Bcf/d in 2022 to an unprecedented high of 35.4 Bcf/d. Therefore, the swiftly rising demand for natural gas is a major contributor to the escalating growth of the gas treatment market.

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What Trends Will Shape the Gas Treatment Market Through 2029 and Beyond?
Innovation in technology is emerging as a critical trend impacting the gas treatment market. Several renowned companies in this market are making significant strides in novel technologies and conducting extensive research and development. For instance, in September 2024, Petróleo Brasileiro S.A., an establishment rooted in Brazil's petroleum industry, unveiled a new natural gas processing unit in Rio de Janeiro. The newly installed UPGN facility, positioned at the Boaventura Energy Complex, is anticipated to process about 21 million cubic meters of gas every day from the Santos Basin, considerably fortifying Brazil's domestic provision and reducing its reliance on imports. Further expansions such as gas-powered thermoelectric plants and refining units are on the table, promising an increase in production capacities for lubricating oils, diesel, and aviation kerosene. Moreover, the latest technique being incorporated entails combining a mobile NIR (near infrared) spectrometer with chemometric data processing. In the near future, users will have the ability to inject plant samples directly into the digilab device and obtain component analyses immediately.

What Are the Main Segments in the Gas Treatment Market?
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 Top Companies are Driving 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

Which Regions Will Dominate the Gas Treatment Market Through 2029?
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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