Hydrogen Sulfide Scavengers Market is poised to grow at a moderate-to-high CAGR of ~5% during 2019 – 2027

Hydrogen Sulfide Scavengers Market: Key Highlights

  • The global hydrogen sulfide scavengers market was valued at ~US$ 440 Mn in 2018, and is anticipated to expand at a CAGR of ~5% from 2019 to 2027. Increase in crude oil production enhances oilfield operations such as drilling, cementing, production, workover and completion, and well stimulation. This drives the demand for production chemicals such as hydrogen sulfide scavengers.
  • The demand for crude oil is increasing year-on-year, and is estimated to reach 100 million barrels per day (including biofuels) by the end of 2019. Crude oil prices are increasing. OPEC members have reduced their production output in order to stabilize prices. Thus, price stability is expected to enhance oilfield operations, and thereby, drive the hydrogen sulfide scavengers market during the forecast period.

Key Drivers of the Hydrogen Sulfide Scavengers Market

  • Hydrogen sulfide (H2S) is a naturally-occurring gas contained in crude oils. It is also formed in the refining process due to the degradation of sulfur-containing compounds in crude oil at high temperatures. Increasing global demand for crude oil and rising concentration of hydrogen sulfide in oil & gas products formed in the processing of hydrocarbons are raising concerns related to safety, environment protection, and operations.
  • A general approach for removing hydrogen sulfide or reducing the amount of hydrogen sulfide is to subject hydrogen sulfide to a treatment containing an agent that chemically reacts with hydrogen sulfide. This agent is called a hydrogen sulfide scavenger.

Hydrogen Sulfide Scavengers Market: Newly-discovered and Potential Oil & Gas Reserves to Offer Attractive Opportunities

  • New discoveries of crude oil and natural gas reserves create opportunities for companies that are operating in the hydrogen sulfide scavengers market. The number of new oil & gas discoveries has increased in countries of Africa over the last few years. Large untapped reserves in Africa are garnering the interest of some of the largest exploration and production companies in the world. This has resulted in new oil & gas discoveries in the sub-region. Thus, newly-discovered and potential oil & gas reserves are estimated to offer lucrative opportunities to the global hydrogen sulfide scavengers market.

Environment- and Health-related Concerns Regarding Use of Non-regenerative Hydrogen Sulfide Scavengers

  • Reacted triazine byproducts are readily biodegradable and relatively non-toxic. Unreacted, excess triazine has very high aquatic toxicity, and a tendency to form carbonate scales with produced water or seawater. This can result in emulsion stabilization and increase in overboard oil-in-water (OIW) content. Unreacted triazine is also an issue for refineries, as it impacts the desalting process, and it can cause accelerated corrosion in crude oil distillation units, foaming in glycol and amine units, and discoloration of glycol units.

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Asia Pacific Prominent Hydrogen Sulfide Scavengers Market

  • Asia Pacific is expected to be a highly attractive region of the global hydrogen sulfide scavengers market during the forecast period. According to OPEC, almost 50% of refinery additions are expected to occur in Asia Pacific, led by China and India, in the near future. Rapid economic growth in developing countries, particularly in Asia Pacific, has driven oil demand in the region.
  • Increasing GDP is augmenting the demand for oil, which has driven the oil refinery business in the region in the last few years. Increase in the number of oil refineries in the region is resulting in the emission of hydrogen sulfide. This is propelling the production of hydrogen sulfide scavengers in the region.

Regenerative Process Held a Major Share of Global Hydrogen Sulfide Scavengers Market

  • Regenerative is likely to be a highly attractive segment, in terms of share and growth rate, during the forecast period, as regenerative hydrogen sulfide scavengers are widely used in industries for the removal of hydrogen sulfide. For example, monoethanolamine (MEA), diethanolamine (DEA), and methyl diethanolamine (MDEA) are the commonly used forms of regenerative hydrogen sulfide scavengers in gas sweetening.

Hydrogen Sulfide Scavengers Market: Top Five Players Accounted for Major Share in 2018

  • Schlumberger Limited, Halliburton, Baker Hughes, Nalco Champion, Hexion, Arkema S.A. Lonza, and SUEZ are some of the top players operating in the global hydrogen sulfide scavengers market. The worldwide reach of these companies and their focus on a wide range of end-user industries are responsible for the significant market share held by these companies. They are investing in the development of new products that are eco-friendly and recyclable.
  • On July 3, 2018, Baker Hughes merged with GE’s oil & gas business segment, forming the world’s first full-stream oil & gas company. The new company is the first to bring together market-leading equipment, services, and digital solutions across the entire spectrum of oil & gas development.
  • In April 2018, Schlumberger Limited signed a joint venture agreement with YPF S.A. to open a shale oil pilot in Bandurria Sur, Loma Campana, Argentina, with an investment of US$ 390 Mn. The joint venture aims to re-affirm YPF’s leading position in the field of developing unconventional resources, and its commitment toward achieving energy self-sufficiency.

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Hydrogen Sulfide Scavengers Market 2020 Analysis and Precise Outlook – Schlumberger, Halliburton, Dow

Hydrogen Sulfide Scavengers Market

Global Hydrogen Sulfide Scavengers Market Insights, Forecast to 2026:

The report discusses many vital industry facets that influence global Hydrogen Sulfide Scavengers Market industry acutely which includes extensive study of competitive edge, latest advancements, region-wise industry environment, contemporary market and emerging trends, leading market contenders, and current tendency of the end user. The report also oversees market size, market share, growth rate, revenue, and CAGR reported previously along with its forecast estimation.

Global Hydrogen Sulfide Scavengers Market Analysis Report includes Top Companies: Schlumberger, Halliburton, Dow, Basf, Akzonobel, Huntsman, Ineos, NALCO Water, GE, Dorf Ketal, Merichem, Newpoint Gas, Chemical Products Industries, EMEC, Miox, Stepan, Sinopec, CNPC along with their company profile, growth aspects, opportunities, and threats to the market development. This report presents the industry analysis for the forecast timescale. An up-to-date industry details related to industry events, import/export scenario, market share is covered in this report.

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Global Hydrogen Sulfide Scavengers Market Split by Product Type and Applications:

This report segments the global Hydrogen Sulfide Scavengers market on the basis of Types are:

Regenerative
Non-Regenerative

On the basis of Application, the Global Hydrogen Sulfide Scavengers market is segmented into:

Gas Industry
Oil Industry
Waste Water Treatment
Others

The Hydrogen Sulfide Scavengers Market information for each Competitor Includes:

Company Profile

Main Business Information

SWOT Analysis

Sales, Revenue, Price and Gross Margin

Market Share

This study mainly helps to understand which Hydrogen Sulfide Scavengers market segments or Region or Country they should focus in coming years to channelize their efforts and investments to maximize Growth and profitability. The report presents the market competitive landscape and a consistent in depth analysis of the major vendor/Hydrogen Sulfide Scavengers players in the market.

Regional Analysis For Hydrogen Sulfide Scavengers Market:

For comprehensive understanding of market dynamics, the global Hydrogen Sulfide Scavengers market is analyzed across key geographies namely: North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

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Research Methodology:

Hydrogen Sulfide Scavengers Market report includes the estimation of market size for value (million USD) and volume (M Sqm). Both Top-down and bottom-up approaches have been used to estimate and validate the market size of Hydrogen Sulfide Scavengers Market, to estimate the size of various other dependent submarkets in the overall market.

Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

Influence of the Hydrogen Sulfide Scavengers market report:

-Comprehensive assessment of all opportunities and risk in the Hydrogen Sulfide Scavengers market.

-Hydrogen Sulfide Scavengers market recent innovations and major events.

-Detailed study of business strategies for growth of the Hydrogen Sulfide Scavengers market-leading players.

-Conclusive study about the growth plot of Hydrogen Sulfide Scavengers market for forthcoming years.

-In-depth understanding of Hydrogen Sulfide Scavengers market-particular drivers, constraints and major micro markets.

-Favourable impression inside vital technological and market latest trends striking theHydrogen Sulfide Scavengers market.

The report has 150 tables and figures browse the report description and TOC:

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Hydrogen Sulfide Scavengers Market 2020 Precise Outlook – Schlumberger, Halliburton, Dow, Basf, Akzonobel

The Hydrogen Sulfide Scavengers Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Schlumberger, Halliburton, Dow, and Basf are the world’s top 4 leading players in Hydrogen Sulfide Scavengers, and the industry is lowly concentrated. Asia Pacific and North America are the main consumption regions. In 2018, North America revenue is 542 Million USD, Occupy 28.56% of global market. Non-Regenerative hydrogen sulfide scavengers are main type with a market share of 67.37% in 2018. The application of hydrogen sulfide scavengers is gas industry, oil industry and waste water treatment. Gas industry and oil industry are the main application fields, accounted for 36.52% and 29.61% respectively in 2018.

Top Leading Companies of Global Hydrogen Sulfide Scavengers Market are Schlumberger, Halliburton, Dow, Basf, Akzonobel, Huntsman, Ineos, NALCO Water, GE, Dorf Ketal, Merichem, Newpoint Gas, Chemical Products Industries, EMEC, Miox, Stepan, Sinopec, CNPC and others.

Regional Outlook of Hydrogen Sulfide Scavengers Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

On The Basis Of Product, The Hydrogen Sulfide Scavengers Market Is Primarily Split Into

Regenerative
Non-Regenerative

On The Basis Of End Users/Application, This Report Covers

Gas Industry
Oil Industry
Waste Water Treatment
Others

Hydrogen sulfide (H2S) is a very toxic and pungent gas that causes problems in both the upstream and downstream oil Industry and gas industry. Hydrogen sulfide scavengers can remove the H2S from the upstream and downstream oil Industry and gas to reduce corrosion.

This allows understanding of the market and benefits from any lucrative opportunities that are available. Researchers have offered a comprehensive study of the existing market scenario while concentrating on the new business objectives. There is a detailed analysis of the change in customer requirements, customer preferences and the vendor landscape of the overall market.

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Following are major Table of Content of Hydrogen Sulfide Scavengers Industry:

  • Hydrogen Sulfide Scavengers Market Sales Overview.
  • Hydrogen Sulfide Scavengers Market Sales Competition by Manufacturers.
  • Hydrogen Sulfide Scavengers Market Sales Analysis by Region.
  • Hydrogen Sulfide Scavengers Market Sales Analysis by Type.
  • Hydrogen Sulfide Scavengers Market Analysis by Application.
  • Hydrogen Sulfide Scavengers Market -Manufacturers Analysis.

Furthermore, this study will help our clients solve the following issues:

Cyclical dynamics – We foresee dynamics of industries by using core analytical and unconventional market research approaches. Our clients use insights provided by us to maneuver themselves through market uncertainties and interferences.

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

Contact Us:

Irfan Tamboli (Head of Sales) – Market Insights Reports

Phone: + 1704 266 3234 | +91-750-707-8687

sales@marketinsightsreports.com | irfan@marketinsightsreports.com