The growth of the global Europe Gas Treatment market is supplemented by the rise in demand for natural gas in various regions for power generation, likewise, the stringent air pollution control regulations, and surge in industrialization are the key factors that foster the growth of the global Europe Gas Treatment market
The global Europe Gas Treatment Market was valued at USD 3.77 Billion in 2018 and is expected to reach USD 5.85 Billion by year 2026, at a CAGR of 5.7 %. Europe Gas Treatment Market is driven by the increasing demand for natural gas in various regions for power generation, likewise, stringent air pollution control regulations are alsp one of the factors which are anticipated to drive the Europe Gas Treatment market. The world population is currently growing at the rate of nearly 1% per year in the year 2018-2019, with the increase in population and industrialization demand for electricity increases. Natural gas was the largest source of electricity production in USA, it accounts to about 35% of U.S. electricity generation in 2018 which is produced by using natural gas.
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Top Lading Players: DowDuPont Inc., BASF SE, Ecolab Inc., Huntsman International LLC, Berryman Chemicals Inc., SAMSON CONTROLS INC, Amines Plasticizers Ltd., Eunisell Chemicals
Some Key Highlights from the Report:
- Europe Gas Treatment market is dominating by Amine type. Amine type is expected to grow and reach USD 2.45 Billion. Removal of acidic gas is the first step for the treatment of natural gas in plant or refinery. This process of removing acidic gas is also known as sweetening and most common method of sweeting is amine Europe Gas Treatment
- In the global Europe Gas Treatment market, the market share of acid gas was 62.8% in 2018, which is highest among other application. The large-scale utilization of electricity and increase in extraction of crude oil are the source of generation of acidic gas. Due to this acid gas removal accounted with largest market share in 2018
- In 2018, in U.S. about 35% of U.S. electricity generated from coal based electric plant, natural gas was the largest source of electricity production in USA
- Globally consumption of petroleum products has risen due to increase in vehicle usage, and this trend is likely to continue in the forecast period. Extraction of crude oil and further process for making petroleum product generates hydrogen sulfide and carbon dioxide gases, with this demand for the Europe Gas Treatment also increases considerably
- Business expansion and investments are the key strategic developments undertaken by the key market players involved in the global Europe Gas Treatment industry, likewise, the other strategic initiatives include product development, agreements and acquisition.
Segments covered in the report:
Europe Gas Treatment Market, By Type (Revenue, USD Million; 2016–2026)
- Amines
- Monoethanolamine
- Diethanolamine
- Methyldiethanolamine
- Diglycolamine
- Glycol Dehydration
- Monoethylene glycol (MEG),
- Diethylene glycol (DEG
- Triethylene glycol (TEG).
- Triazine
- 1,2,3 Triazine
- 1,2,4 Triazine
- 1,3,5 Triazine
- Other
Europe Gas Treatment Market, By Application (Revenue, USD Million; 2016–2026)
- Acid gas removal
- Dehydration
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Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
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