October 11, 2018 - 4:22 AM EDT
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$4.96 Bn Gas Treatment Market by Type (Amines and Non-Amines), Application (Acid Gas Removal and Dehydration) - Global Forecasts to 2023

Dublin, Oct. 11, 2018 (GLOBE NEWSWIRE) -- The "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" report has been added to ResearchAndMarkets.com's offering.

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.

Growing demand for natural gas and stringent air pollution control regulations are driving the market for gas treatment. In addition, the discovery of new gas fields is an opportunity for gas treatment. The major restraint for the market is the insufficient supply and high cost of specialized raw materials and increasing competition from substitutes. In addition, high capital requirement makes it difficult for new players to enter the market.

Non-amines is projected to be the fastest-growing type segment during the forecast period, in terms of value and volume. These chemicals remove the water content from natural gas streams and help in preventing hydrate formation. Triethylene glycol is the largest non-amine used for dehydration and hydrate removal or prevention.

Discovery of new gas fields, especially in APAC is the major factor driving the consumption of gas treatment. The recent discovery of new gas fields in the region will boost the demand for gas treatment. In March 2018, the Department of Energy (US) had declared the Alegria Oil Field in Cebu (the Philippines) to have commercial quantities of natural gas. The resource has about 9.42 billion cubic feet of natural gas. In Bhola district of Bangladesh, explorers have found 600 billion cubic feet of gas. All these new gas field explorations are expected to increase the consumption of gas treatment in these regions during the forecast period.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

3.1 Introduction

4 Premium Insights

4.1 Attractive Opportunities in the Gas Treatment Market
4.2 Gas Treatment Market, By Type
4.3 Gas Treatment Market, By Application
4.4 Gas Treatment Market, By Region
4.5 North American Gas Treatment Market, By Application and Country

5 Market Overview

5.1 Market Dynamics
5.1.1 Drivers Growing Demand for Natural Gas Stringent Air Pollution Control Regulations
5.1.2 Restraints Insufficient Supply and High Cost of Specialized Raw Materials Increasing Competition From Substitutes
5.1.3 Opportunities Discovery of New Gas Fields
5.2 Porter's Five Forces Analysis

6 Macroeconomic Indicators

6.1 Introduction
6.1.1 Trends and Forecast of Per Capita GDP
6.1.2 Natural Gas Production

7 Gas Treatment Market, By Type

7.1 Introduction
7.2 Amines
7.2.1 Primary Amines
7.2.2 Secondary Amines
7.2.3 Tertiary Amines
7.3 Non-Amines
7.3.1 Triazine
7.3.2 Glycols
7.3.3 Others

8 Gas Treatment Market, By Application

8.1 Introduction
8.2 Acid Gas Removal
8.3 Dehydration

9 Gas Treatment Market, By Region

9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Mexico
9.2.3 Canada
9.3 Europe
9.3.1 Russia
9.3.2 Norway
9.3.3 UK
9.3.4 Netherlands
9.3.5 Rest of Europe
9.4 APAC
9.4.1 China
9.4.2 Australia
9.4.3 Malaysia
9.4.4 Indonesia
9.4.5 Thailand
9.4.6 Rest of APAC
9.5 Middle East, Cis & Africa
9.5.1 Iran
9.5.2 Saudi Arabia
9.5.3 Qatar
9.5.4 Algeria
9.5.5 Turkmenistan
9.5.6 Uzbekistan
9.5.7 Rest of Middle East, Cis & Africa
9.6 South America
9.6.1 Brazil
9.6.2 Argentina
9.6.3 Rest of South America

10 Competitive Landscape

10.1 Overview
10.2 Market Ranking of Key Players
10.2.1 Huntsman International LLC
10.2.2 BASF SE
10.2.3 Dowdupont Inc.
10.2.4 Ecolab Inc.
10.2.5 Berryman Chemicals Inc.
10.3 Competitive Situations & Trends
10.3.1 New Product Launches
10.3.2 Investments & Expansions
10.3.3 Agreements

11 Company Profiles

11.1 Huntsman International LLC
11.2 BASF SE
11.3 Dowdupont Inc.
11.4 Ecolab Inc.
11.5 Berryman Chemicals Inc.
11.6 Clariant International Ltd.
11.7 Eunisell Chemicals
11.8 Hexion Inc.
11.9 Innospec Inc.
11.10 Varichem International
11.11 Other Players
11.11.1 Advance Petrochemicals Ltd.
11.11.2 Akzonobel N.V.
11.11.3 Amine & Plasticizers Limited
11.11.4 Baker Hughes Inc.
11.11.5 Baze Chemical
11.11.6 Doorf Ketal Chemicals
11.11.7 Exxon Mobil Corporation
11.11.8 Mcc Chemicals, Inc.
11.11.9 Production Chemical Group
11.11.10 Sintez Oka Group of Companies

For more information about this report visit https://www.researchandmarkets.com/research/dsx5lj/4_96_bn_gas?w=12

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Related Topics: Gas


Source: GlobeNewswire (October 11, 2018 - 4:22 AM EDT)

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