Gas Treatment Market Expected to Collect 4.96 Billion USD by 2023 with industry Leaders & Key Revenue Pockets
[109 Pages Report] The market size of Gas Treatment is estimated at USD 3.76
billion in 2018 and is projected to reach USD 4.96 billion by 2023, at a CAGR
of 5.7% from 2018 to 2023. Major companies operating in this market such as
DowDuPont Inc. (US), Huntsman International LLC (US), BASF SE (Germany), Ecolab
Inc. (US), and Berryman Chemicals Inc. (US) have adopted both organic and
inorganic growth strategies such as investments & expansions, new product
launches, and agreements to serve their customers efficiently and increase
their market shares.
Request for PDF of
the report: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=167226464
Huntsman International LLC (US) has gained a strong foothold
in the gas treatment market. It is strengthening its position by adopting
various investments & expansions to meet the growing demand from customers.
In July 2017, the company expanded its Singapore specialty amine facility by
25,000 tons to meet the growing global demand for specialty amines and
strengthen its leading position in the field of amine technology. In
addition, the company is investing in R&D capabilities to meet the evolving
need of customers. In November 2016, the company inaugurated the Shanghai
Campus to enhance its innovation performance.
Early buyers will receive 10%
customization on this report.
Drivers & Opportunities in global industry:
- Growing Demand for Natural Gas
- Stringent Air Pollution Control Regulations
- Discovery of New Gas Fields
Investment & expansions was the key strategy adopted by
the major players to strengthen their position in the gas treatment market
between 2015 and 2018. This strategy accounted for a share of 72.7% of the
overall growth strategies adopted by the leading players of the gas treatment
market between 2015 and 2018. Companies operating in this market have also
adopted this strategy to fulfill the emerging and growing need for gas
treatment in the oil & gas industry.
BASF SE (Germany) is another major player operating in the gas
treatment market. The company has a broad product portfolio for gas treatment
technology, which finds use in various applications. In May 2018, the company
signed an agreement with ExxonMobil Catalysts and Licensing LLC (US) to jointly
develop new gas treating solvents and process technologies for petroleum
refining and natural gas processing. The development will offer new gas
treatment technologies and solvents to help end users reduce energy
consumption, increase the capacity of natural gas production, and meet tighter
sulfur specifications. The development will help the company broaden its
portfolio for gas treatment.
Don't miss out on business opportunities in Gas
Treatment Market.
Speak to Our Analyst and gain crucial industry
insights that will help your business grow.
About MarketsandMarkets
MarketsandMarkets
is the largest market research firm worldwide in terms of annually published
premium market research reports. Serving 1700 global fortune enterprises with
more than 1200 premium studies in a year, M&M is catering to a multitude of
clients across 8 different industrial verticals. We specialize in consulting
assignments and business research across high growth markets, cutting edge
technologies and newer applications.
Contact:
Mr. Shelly Singh
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com
Mr. Shelly Singh
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com
Comments
Post a Comment