Global Hydrogen Sulfide H2S Scavenger Market growing at a CAGR of 4.1% from 2023 to 2031
Category : Materials And Chemicals | Published Date : Nov 2023
Key Market Overview
Consegic Business Intelligence analyzes that the hydrogen sulfide H2S scavenger market is predicted to grow at a compound annual growth rate of 4.1% from 2023 to 2031 and is expected to reach USD 1,688.21 million in 2031 and 1,222.08 million in 2023 which was valued at USD 1,175.00 million in 2022.
The report highlights the growing demand for hydrogen sulfide H2S scavenger from oil and gas industry across the globe, which is augmenting the global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the hydrogen sulfide H2S scavenger market.
Global Hydrogen Sulfide H2S Scavenger Market By Overview
The hydrogen sulfide H2S scavenger market is bifurcated into the type, process, application and end-user industry. Based on the type, the market is segmented into H2S liquid scavengers, H2S catalyst scavengers, and H2S solid scavengers. In 2022, the H2S liquid scavenger segment dominate the overall hydrogen sulfide H2S scavenger market. Based on process, the market is segmented into regenerative and non-regenerative. In 2022, the non-regenerative segment dominates the overall hydrogen sulfide H2S scavenger market. Based on the application, the market is segmented into onshore and offshore. In 2022, the onshore segment dominate the overall hydrogen sulfide H2S scavenger market. Based on end-user industry, the market is segmented into oil and gas, petrochemicals, pulp & paper, wastewater treatment, and others. In 2022, the oil and gas segment dominate the overall hydrogen sulfide H2S scavenger market.
Get Free SampleMarket Dynamics
Driver:
- Growing demand for hydrogen sulfide H2S scavenger from oil and gas industry
- Increasing demand for water-soluble H2S scavengers
Restraints:
- Environmental impacts associated with H2S scavengers.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | H2S Liquid Scavengers, H2S Catalyst Scavengers, and H2S Solid Scavengers |
| By Process | Regenerative and Non-regenerative |
| By Application | Onshore and Offshore |
| By End-user Industry | Oil and Gas, Petrochemicals, Pulp & Paper, Wastewater Treatment, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as Schlumberger Limited, Haliburton, Baker Hughes, and Nalco Champion, which have a strong market position in the current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions. Furthermore, the hydrogen sulfide H2S scavenger market is expected to witness substantial growth in the coming years due to technological advances for reducing the cost of H2S scavengers in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- Schlumberger Limited
- Haliburton
- Baker Hughes
- Nalco Champion
- Hexion
- Arkema S.A.
- Lonza
- SUEZ
- AkzoNobel N.V.
- Axalta Coating Systems
- Dow
- BASF SE
- Dorf Ketal