The global demand for Sulphur Recovery Technology Market is presumed to reach the market size of nearly USD XX MN by 2027 from USD XX MN in 2020 with a CAGR of XX% under the study period 2021 - 2027.
The separation and conversion of hydrogen sulfide (H₂S) to elemental sulfur is referred to as sulfur recovery technology. Hydrogen sulfide is obtained as a byproduct from sour natural gas processing and refining of crude oils. Though many sulfur recovery technologies are available, it is commonly done using the Claus process and Tail gas treatment process. In general, up to 97% of hydrogen sulfide can be converted to elemental sulfur by using multiple conversion reactors. Growing focus on reducing sulfur levels in products and sulfur emissions has magnified the demand for sulfur recovery technologies. The sulfur thus obtained in molten form is either sold as a finished product in liquid form or transformed into solid pellets by adding cold water. Sulfur is used in many end-use applications, namely cosmetics, pharmaceuticals, fertilizers, and rubber.
The key factor driving the market is the increasing demand for sulfur by various end-use industries. The rise in shale gas exploration & production and strict environmental regulations is accelerating the demand for sulfur recovery units. An increasing number of gas processing plants and refineries in regions like Central Asia, the Middle East, and East Asia has resulted in increased production of recovered sulfur, which will boost demand for sulfur recovery technology. The market will be favored by technological advancements made in sulfur recovery technology. Vendors offering sulfur recovery services are entering into acquisitions, undertaking joint ventures, and opting for strategic alliances since the landscape is increasingly competitive. This is helping sulfur recovery technology to create a solid footing in the market. On the other hand, factors like reduced demand for sulfur, particularly in developed regions and a big gap between demand and supply, may hamper the growth of sulfur recovery technology to some extent during the forecast period.
The research 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 an inclusive assessment of each segment in the global market of sulphur recovery technology. The growth and trends of sulphur recovery technology industry provide a holistic approach to this study.
This section of the sulphur recovery technology market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Source Of Recovery
- Claus Process
- Tail Gas Treatment
- <100 T/D
- 101-200 T/D
- 201-300 T/D
- >300 T/D
This section covers the regional outlook, which accentuates current and future demand for the Sulphur Recovery Technology market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Sulphur Recovery Technology 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 sulphur recovery technology market include Jacobs engineering group Inc, Amec Foster Wheeler, Technip SA, Linde AG, WorleyParsons Ltd, Chiyoda Corporation, Fluor Corporation, KT-kinetics technology SpA, GTC Technology LLC, PROSERNAT, and Black & Veatch holding company. This section consists of 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 based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.
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