Global Amine Scrubbing Services Market

Global Amine Scrubbing Services Market Size, Share, Growth Analysis, By Application(Oil & Gas Production, Chemical Manufacturing), By Type Of Service(Rental, Installation) - Industry Forecast 2023-2030


Report ID: SQMIG20L2040 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 65 | Figures: 77

Global Amine Scrubbing Services Market Insights

Amine Scrubbing Services Market size was valued at USD 17.5 billion in 2021 and is poised to grow from USD 18.36 billion in 2022 to USD 25.66 billion by 2030, at a CAGR of 4.9% during the forecast period (2023-2030).

The global amine scrubbing service market is a rapidly growing sector driven by increasing environmental concerns and the growing demand for cleaner energy sources. Amine scrubbing, also known as gas scrubbing, is a process that uses amines to capture carbon dioxide (CO2) from industrial flue gases, thus reducing greenhouse gas emissions. The purpose of the amine scrubbing service market is to help companies meet regulatory requirements for reducing their carbon footprint and achieve their sustainability goals. The market offers end-to-end solutions for amine scrubbing, including installation, maintenance, and monitoring services. The market also faces some challenges and restraints such as high installation costs and the need for continuous maintenance of the scrubbing system. Nevertheless, the adoption of advanced technologies such as membrane-based systems and the use of renewable energy sources for powering the scrubbing process are expected to mitigate these challenges in the coming years. The global amine scrubbing service market is a growing industry driven by the need for sustainable solutions and cleaner energy sources. With the adoption of advanced technologies and the increasing demand from various industries, the market is expected to witness significant growth in the coming years.

US Amine Scrubbing Services Market is poised to grow at a sustainable CAGR for the next forecast year.

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Global Amine Scrubbing Services Market Segmental Analysis

Global Amine Scrubbing Services Market is segmented on the basis of application, type of service, and region. By application, the market is segmented into oil & gas production, chemical manufacturing, power generation, others. By type of service, the market is segmented into rental, installation, maintenance, operation. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Amine Scrubbing Services Market Analysis by Type of Services

Throughout the forecast period, this market segment is anticipated to grow at a CAGR of about 5.4%. Instead of purchasing pricey equipment, rental services relate to leasing amine cleaning equipment to end-users on a short- or long-term basis.

The term "operation services" describes how service providers run and manage amine cleaning machinery. Throughout the forecast period, this market segment is anticipated to grow at a CAGR of about 5.9%. Since more end users outsource the operation and management of amine scrubbing equipment to service providers, which helps lower operational costs and enhance efficiency, this market is expanding at the quickest rate.

Amine Scrubbing Services Market Analysis by Application

This segment is expected to have a CAGR of around 5.2% during the forecast period. The dominant segment in the global amine scrubbing services market is oil and gas production. This is because the oil and gas industry is one of the largest users of amine scrubbing services, and the demand for these services is driven by the increasing demand for natural gas and crude oil. The oil and gas production segment includes the use of amine scrubbing services for the removal of acidic gases from natural gas and crude oil.

This segment is expected to have a CAGR of around 5.4% during the forecast period. The fastest-growing segment is chemical manufacturing, as the demand for cleaner and more sustainable chemical processes is increasing, which is driving the adoption of amine scrubbing services in this industry. The chemical manufacturing segment includes the use of amine scrubbing services for the removal of acidic gases from various chemical processes.

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Global Amine Scrubbing Services Market Regional Insights

North America is one of the dominant regions in the global amine scrubbing services market. This region is expected to have a CAGR of around 5.2% during the forecast period. owing to the presence of a large number of oil and gas production facilities and power generation plants.

This region is expected to have a CAGR of around 6.1% during the forecast period. The Asia-Pacific region is the fastest-growing region in the global amine scrubbing services market, owing to the increasing demand for energy, rapid industrialization, and growing environmental concerns.

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Global Amine Scrubbing Services Market Dynamics

Amine Scrubbing Services Market Drivers

Adoption of Carbon Capture and Storage to Bolster Market Growth

  • CCS is a critical technology used to reduce greenhouse gas emissions from industrial processes and power generation. It involves capturing carbon dioxide (CO2) from the atmosphere, compressing it, and then injecting it into underground geological formations for long-term storage. Amine scrubbing is one of the most commonly used technologies for CO2 capture. The amine scrubbing process involves the use of amine solvents to absorb CO2 from industrial exhaust streams or flue gases. This process helps to capture CO2 before it is released into the atmosphere, reducing the carbon footprint of industries and power plants.
  • The growing demand for natural gas as a cleaner and more efficient fuel for power generation is expected to boost the amine scrubbing services market. The amine scrubbing technology is used to remove impurities like CO2, H2S, and other contaminants from natural gas, making it suitable for use in power generation.

Amine Scrubbing Services Market Restraints

Health and Safety Concerns to Hinder Market Growth

  • Amine scrubbing uses a variety of solvents, such as monoethanolamine (MEA), diethanolamine (DEA), and methyldiethanolamine (MDEA), which are hazardous to health and can cause respiratory problems, skin irritation, and other health hazards if not handled properly. The handling of amine solvents requires proper safety protocols and protective equipment, which can be expensive and time-consuming for companies. Moreover, the disposal of amine solvents can also be challenging, as they are classified as hazardous waste and require special treatment before disposal.

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Global Amine Scrubbing Services Market Competitive Landscape

The global amine scrubbing services market is highly competitive, with several large players competing for market share. The market players offer a range of services, including feasibility studies, engineering, procurement, construction, and maintenance of amine scrubbing plants.

Amine Scrubbing Services Market Top Player’s Company Profiles

  • BASF SE (Germany)
  • General Electric (United States)
  • The Linde Group (Germany)
  • Air Products and Chemicals (United States)
  • Sulzer Ltd. (Switzerland)
  • Alstom SA (France)
  • Babcock & Wilcox Enterprises, Inc. (United States)
  • Exxon Mobil Corporation (United States)
  • Chevron Corporation (United States)
  • Air Liquide SA (France)
  • Siemens AG (Germany)
  • Huntsman Corporation (United States)
  • Carbon Clean Solutions Limited (United Kingdom)
  • Cansolv Technologies Inc. (Canada)
  • Axens (France)
  • Shell Global Solutions International B.V. (Netherlands)
  • KBR, Inc. (United States)
  • Valmet Corporation (Finland)
  • Técnicas Reunidas, S.A. (Spain)

Amine Scrubbing Services Market Recent Developments

  • In July 2022, the acquisition of Gas Technology Institute (GTI) by Sulzer Chemtech, a leading provider of separation and mixing technology solutions. The acquisition was announced and it aimed to strengthen Sulzer's position in the gas treatment market by leveraging GTI's expertise in gas purification technologies.
  • In June 2021, BASF announced the expansion of its mobile emissions catalysts production capacity, including amine scrubbing technology, to meet the growing demand for clean air solutions in the automotive industry.
  • In April 2021, ExxonMobil and FuelCell Energy advanced carbon capture technology, including amine scrubbing. The partnership was announced in April 2021 and aimed to develop new carbon capture solutions that could help reduce greenhouse gas emissions in various industries.

Global Amine Scrubbing Services Key Market Trends

  • The amine scrubbing technology is not limited to the oil and gas industry, but it is also used in other industries like food processing, pharmaceuticals, and chemical manufacturing. This trend is expected to continue, increasing the demand for amine scrubbing services.

Global Amine Scrubbing Services Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analyses, the global amine scrubbing services market is expected to experience significant growth in the coming years, driven by the increasing demand for carbon capture and storage solutions. The market players are continuously investing in research and development to improve the efficiency and effectiveness of amine scrubbing technology. One of the major drivers of the market is the increasing adoption of carbon capture and storage technologies, which is being driven by regulatory pressure to reduce greenhouse gas emissions. The demand for amine scrubbing services is expected to increase as more companies seek to implement carbon capture and storage solutions to meet their emissions reduction targets. The high capital costs associated with the installation and maintenance of amine scrubbing plants can be a significant barrier to entry for many companies. Despite these challenges, the global amine scrubbing services market is expected to continue to grow in the coming years, driven by increasing demand from the power generation, oil and gas, and chemical industries. The market players are likely to focus on research and development to improve the efficiency and cost-effectiveness of their amine scrubbing technology, as well as expand their service offerings to meet the growing demand for carbon capture and storage solutions.

Report Metric Details
Market size value in 2021 USD 17.5 billion
Market size value in 2030 USD 25.66 billion
Growth Rate 4.9%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Application
    • Oil & Gas Production, Chemical Manufacturing, Power Generation, Others
  • Type Of Service
    • Rental, Installation, Maintenance, Operation
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • BASF SE (Germany)
  • General Electric (United States)
  • The Linde Group (Germany)
  • Air Products and Chemicals (United States)
  • Sulzer Ltd. (Switzerland)
  • Alstom SA (France)
  • Babcock & Wilcox Enterprises, Inc. (United States)
  • Exxon Mobil Corporation (United States)
  • Chevron Corporation (United States)
  • Air Liquide SA (France)
  • Siemens AG (Germany)
  • Huntsman Corporation (United States)
  • Carbon Clean Solutions Limited (United Kingdom)
  • Cansolv Technologies Inc. (Canada)
  • Axens (France)
  • Shell Global Solutions International B.V. (Netherlands)
  • KBR, Inc. (United States)
  • Valmet Corporation (Finland)
  • Técnicas Reunidas, S.A. (Spain)
Customization scope

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  • Market dynamics & outlook
  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Amine Scrubbing Services Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Amine Scrubbing Services Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Amine Scrubbing Services Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Amine Scrubbing Services Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Amine Scrubbing Services Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Amine Scrubbing Services Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Amine Scrubbing Services Market size was valued at USD 17.5 billion in 2021 and is poised to grow from USD 18.36 billion in 2022 to USD 25.66 billion by 2030, at a CAGR of 4.9% during the forecast period (2023-2030).

The global amine scrubbing services market is highly competitive, with several large players competing for market share. The market players offer a range of services, including feasibility studies, engineering, procurement, construction, and maintenance of amine scrubbing plants. 'Mitsubishi Heavy Industries (Japan)', 'Fluor Corporation (United States)', 'DOW Chemical Company (United States)', 'BASF SE (Germany)', 'General Electric (United States)', 'The Linde Group (Germany)', 'Air Products and Chemicals (United States)', 'Sulzer Ltd. (Switzerland)', 'Alstom SA (France)', 'Babcock & Wilcox Enterprises, Inc. (United States)', 'Exxon Mobil Corporation (United States)', 'Chevron Corporation (United States)', 'Air Liquide SA (France)', 'Siemens AG (Germany)', 'Huntsman Corporation (United States)', 'Carbon Clean Solutions Limited (United Kingdom)', 'Cansolv Technologies Inc. (Canada)', 'Axens (France)', 'Shell Global Solutions International B.V. (Netherlands)', 'KBR, Inc. (United States)', 'Valmet Corporation (Finland)', 'Técnicas Reunidas, S.A. (Spain)'

CCS is a critical technology used to reduce greenhouse gas emissions from industrial processes and power generation. It involves capturing carbon dioxide (CO2) from the atmosphere, compressing it, and then injecting it into underground geological formations for long-term storage. Amine scrubbing is one of the most commonly used technologies for CO2 capture. The amine scrubbing process involves the use of amine solvents to absorb CO2 from industrial exhaust streams or flue gases. This process helps to capture CO2 before it is released into the atmosphere, reducing the carbon footprint of industries and power plants.

The amine scrubbing technology is not limited to the oil and gas industry, but it is also used in other industries like food processing, pharmaceuticals, and chemical manufacturing. This trend is expected to continue, increasing the demand for amine scrubbing services.

North America is one of the dominant regions in the global amine scrubbing services market. This region is expected to have a CAGR of around 5.2% during the forecast period. owing to the presence of a large number of oil and gas production facilities and power generation plants.

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Global Amine Scrubbing Services Market

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