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GAS TREATMENT MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Gas Treatment Market, By Gas Type (Amines, Glycol Dehydration, Triazine, and Others), By Application (Acid gas removal, Dehydration, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

  • Published In : Jul 2024
  • Code : CMI7150
  • Pages :122
  • Formats :
      Excel and PDF
  • Industry : Energy

Regional Analysis

Gas Treatment Market Regional Insights

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North America has established itself as the dominant regional market for gas treatment and is estimated to account for 38.8% share in 2024. The large scale shale gas exploration drives in the U.S. have led to substantial natural gas production over the past decade. With abundant natural gas reserves, the U.S.  is now one of the largest exporters of natural gas in the form of LNG. This growing natural gas supply has spurred heavy investments in midstream infrastructure for transport, processing, and treatment of the produced gases. Major oil and gas companies have set up sizable gas processing units in major shale basins to remove impurities and bring the gas up to sales specification. The presence of leading global players has also made North America a hub for the development of advanced gas treatment technologies.

The Asia Pacific region is poised to become the fastest growing market in the coming years. Rapid economic growth and industrialization are driving the energy demand exponentially in countries like China and India. While coal still remains a major fuel, both countries are taking decisive policy pushes for increasing the share of natural gas in their energy mix. This is evident from growing LNG import infrastructure as well as domestic gas pipeline projects. Additionally, there is a large refining and petrochemical industry presence which subjects the produced refinery gases and feedstocks to extensive treatment. Local technology players are collaborating with global majors to build local manufacturing capacities. Countries like Indonesia, Malaysia, and Australia are also ramping up their exported LNG volumes. The outlook for gas treatment demand looks very promising across the Asia Pacific as the supply side infrastructure develops in tandem with rising energy consumption.

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