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Gas Treating Amine Market Trends

  • Report ID: GMI9109
  • Published Date: Apr 2024
  • Report Format: PDF

Gas Treating Amine Market Trends

An emergent trend in the market with significant implications for growth is the increasing focus on sustainability and environmental responsibility. As industries worldwide face mounting pressure to reduce emissions and minimize their environmental footprint, the demand for gas treating amine solutions that enable cleaner and more efficient gas processing has surged. Companies are increasingly adopting advanced gas treating technologies that not only remove impurities such as hydrogen sulfide and carbon dioxide from natural gas streams but also prioritize energy efficiency and sustainability.
 

Additionally, there is a growing preference for renewable and biodegradable alternatives to traditional amine solvents, driven by regulatory requirements and corporate sustainability goals. Furthermore, the integration of digitalization and automation technologies in gas treating processes is streamlining operations, improving efficiency, and reducing costs. Overall, the emergent trend towards sustainability and technological innovation in the market not only addresses environmental concerns but also presents significant growth opportunities for companies that can adapt and innovate in this rapidly evolving landscape.

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

Gas treating amine market size was valued at USD 3.19 billion in 2023 and will demonstrate a 7.4% CAGR from 2024 to 2032, attributed to its vital role in ensuring the quality, safety, and adherence to environmental standards of gas streams utilized across various industries.

Gas treating amine industry from the natural gas sweetening application segment recorded 30.4% revenue share in 2023 due to global shift towards cleaner energy sources.

Asia Pacific gas treating amine market size captured USD 1.14 billion in 2023 and will record 2.23 billion by 2032, driven by robust industrial growth and increasing investments in infrastructure projects, the expanding oil and gas sector, coupled with ongoing R&D investments.

Prominent companies including, BASF SE, Chevron Phillips Chemical Company LLC, Clariant AG, Dow Chemical Company, Evonik Industries AG, ExxonMobil Corporation, Huntsman Corporation, INEOS Group Holdings S.A., Mitsubishi Gas Chemical Company, SABIC (Saudi Basic Industries Corporation), and Shell Chemicals, are operating in the gas treating amine industry.

Gas Treating Amine Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 532
  • Countries covered: 21
  • Pages: 300
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