The global demand for Hydrogen Sulfide Scavengers Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2019 and foreseen to touch XX Kilo Tons by 2026 with a CAGR of XX% during 2020-2026.
Hydrogen Sulfide Scavengers are chemicals used to eliminate hydrogen sulfide from products and processes in the oil and gas industry. Eliminating hydrogen sulfide is a necessity since this pungent toxic gas can affect the health of workers and reduce productivity. Use of a scavenger can help reduce the expenses involved in operating an oil field and extend the lifespan of the equipment by reducing corrosion. Other than oil fields these scavengers are used in ships, refineries, storage tanks, pipelines and railcars.
The ever-growing demand for crude oil and the increased drilling activities is the key market driver for hydrogen sulphide scavengers. The rising need to reduce production costs and various technological innovations carried out for effective use of this chemical will propel the market growth. The use of data-driven software technologies and growing concerns over workers’ safety will drive the market for this production chemical. With the oil & gas industry going into a turmoil during COVID-19 pandemic, this market will take a while to get back on track. The main challenge involved in this market is the safe disposal of hydrogen gas scavengers which otherwise can have adverse effects on humans and the environment.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of hydrogen sulfide scavengers.
The entire hydrogen sulfide scavengers market has been sub-categorized into process, type and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Monoethanolamine (MEA)
- Diethanolamine (DEA)
- N-methyldiethanolamine (MDEA)
- Diglycolamine (DGA)
- Solid Scavengers
- Oxidizing Chemicals
- Metal Carboxylates & Chelates
This section covers regional segmentation which accentuates on current and future demand for hydrogen sulfide scavengers market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Hydrogen Sulfide Scavengers Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the hydrogen sulfide scavengers market include AkzoNobel N.V., Axalta Coating Systems, The Sherwin-Williams Company, PPG Industries, Inc., KAPCI Coatings, Kansai Paint Co., Ltd., Nippon Paint Holdings Co., Ltd., The Valspar Corporation, Berger Paints India Limited, Asian Paints Limited, Kansai Nerolac Paints Limited, SOMAR, BASF SE, RPM International Inc., DuluxGroup Limited, Marpol Private Limited. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.