Hydrogen Sulfide H2S Scavenger Market Size & Industry Share - Growth Trends & Forecasts (2023 - 2031)

Based on the Type :

The type is categorized into H2S liquid scavengers, H2S catalyst scavengers, and H2S solid scavengers. In 2022, the H2S liquid scavenger segment accounted for the highest market share in the hydrogen sulfide H2S scavenger market, and it is also expected to grow at the highest CAGR over the forecast period. Liquid H2S scavengers are being used to remove H2S from natural gas before it is transported to power plants and other consumers. As per the analysis, this helps to reduce emissions of H2S and other pollutants into the atmosphere. Liquid H2S scavengers are also being used to remove H2S from wastewater produced by oil and gas companies. This helps to protect the environment and reduce the risk of contamination of water resources. Furthermore, based on the analysis, liquid H2S scavengers are being used to remove H2S from biofuels, such as biodiesel and biogas. The expansion of oil and gas production is driving the requirement for liquid hydrogen sulfide across the globe. For instance, in August 2023, Chevron is expanding production across the U.S., including a 16% increase in the Permian Basin in 2022. The Permian Basin is a vast oil and gas region that spans parts of west Texas and southeastern New Mexico. Thus, the growing focus on the oil and gas field expansion is driving the segment growth across the globe.

Based on the Process :

The process is categorized into regenerative and non-regenerative. In 2022, the non-regenerative segment accounted for the highest market share in the hydrogen sulfide H2S scavenger market, and it is also expected to grow at the highest CAGR over the forecast period. A non-regenerative hydrogen sulfide process is a process in which the H2S scavenger is consumed during the reaction with H2S. This is the simplest and most common type of H2S scavenger process. Non-regenerative H2S processes are relatively simple and easy to use. This makes them ideal for a wide range of applications, including oil and gas production, wastewater treatment, and chemical processing. As per the analysis, governments around the world are implementing stricter environmental regulations to reduce emissions of H2S and other pollutants. Non-regenerative H2S scavengers can help oil and gas companies comply with these regulations by removing H2S from their waste streams. For instance, The Occupational Safety and Health Administration (OSHA) has set an acceptable ceiling limit of 20 parts per million (ppm) for hydrogen sulfide in workplace air. This limit is a 15-minute time-weighted average that cannot be exceeded at any time during the working day. Thus, the stringent government regulations related to the emission of H2S are driving the segment growth across the globe.

Based on the Application :

The application segment is categorized into onshore and offshore. In 2022, the onshore application segment accounted for the highest market revenue in the overall hydrogen sulfide H2S scavenger market, and it is also expected to hold the highest CAGR over the forecast period. The onshore application of hydrogen sulfide H2S scavenger includes application in oil and gas production, wastewater treatment, chemical processing, mining, food processing, and others.

Increasing government initiatives for the launch of wastewater treatment facilities across the globe are driving the segment growth. For instance, in January 2023, the Indian government laid the foundation stone for seven sewage treatment plants (STPs) in Mumbai. The plants will have a combined capacity of around 2,460 MLD. Each plant will have the capacity to treat 2,464 million liters of sewage per day. Thus, the growing onshore activities are driving the segment expansion worldwide.

Based on the End-user Industry :

The end-user industry segment is categorized into oil and gas, steel sector, chemicals, and petrochemicals, automotive, aerospace and defense, electrical and electronics, energy and power, mining, and others. In 2022, the oil and gas segment accounted for the highest hydrogen sulfide H2S scavenger market share of 33.24% in the overall hydrogen sulfide H2S scavenger market. In the oil and gas sector, H2S scavengers are being used to remove H2S from natural gas before it is transported to power plants and other consumers. This helps to reduce emissions of H2S and other pollutants into the atmosphere. As per the analysis, the significant rise in oil and gas production across the globe is driving the requirement for H2S scavenger from the oil and gas sector. For instance, according to the report by the National Investment Promotion and Facilitation Agency, Crude oil processing increased by 9% from 221.77 MMT in 2020-21 to 241.7 MMT in 2021-22. The production of petroleum products stood at 254.3 MMT in FY 2021-22. Thus, the growing oil and gas sector is driving the segment growth and trend across the globe.

Moreover, the wastewater treatment segment is expected to hold the highest CAGR over the forecast period. H2S scavengers are used in both primary and secondary wastewater treatment. In primary wastewater treatment, H2S scavengers can be used to remove H2S from raw wastewater before it enters the clarifier. This helps to reduce the amount of H2S that is released into the atmosphere from the clarifier. The growing application of hydrogen sulfide H2S scavenger in wastewater treatment is driving the segment growth and trend over the forecast period.

Based on the Region :

The regional segment includes North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

In 2022, North America accounted for the highest market share at 34.20% valued at USD 401.85 Million in 2022 and USD 418.56 Million in 2023, it is expected to reach USD 580.24 Million in 2031. In North America, the U.S. accounted for the highest market share of 64.15% in the year 2022. North America is a major producer of oil and gas, and H2S is a common contaminant in oil and gas. H2S scavengers are used to remove H2S from natural gas and wastewater produced by oil and gas wells. Growing oil and gas consumption in the region is driving the market growth. For instance, according to the report by the U.S. Energy Information Administration in October 2023, the U.S. consumption of oil is expected to increase by 6% in 2024 with more than 1.7 million barrel/day in 2023. Thus, the growing consumption of oil in the region is increasing the production of oil and gas and thus driving the hydrogen sulfide H2S scavenger market demand and trends in the North American region.

Furthermore, Asia Pacific is expected to witness significant growth over the forecast period, growing at a CAGR of 4.7% during 2023-2023. Based on the hydrogen sulfide H2S scavenger market analysis, the significant growth in the oil and gas projects across the region is improving the trends for hydrogen sulfide for various oil and gas activities. For instance, in April 2023, Cairn Oil & Gas, which is a unit of Vedanta Limited, announced the test production of Hazarigaon field in Assam to commence the gas flow from DSF block. Thus, the growing oil and gas projects across the region is driving the hydrogen sulfide H2S scavenger market trends over the forecast period.