Gas Treatment Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to gas treatment market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Gas Treatment Market News

  • In September 2021, Royal Dutch Shell plc (Shell) made a final investment decision to construct an 820,000-tonne-per-year biofuels facility at the former Pernis refinery in Rotterdam, the Netherlands. With the help of this breakthrough, the company may generate renewable diesel made from waste and sustainable aviation fuel (SAF).
  • In October 2021, the engineering, procurement, and construction contracts process was started by Exxon Mobil Corporation as part of its plans to increase carbon capture and storage (CCS) at its LaBarge, Wyoming site. The corporation can reduce emissions with this invention by capturing up to an additional 1 million metric tonnes of CO2 annually.

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FAQs

Gas Treatment Market size was valued at USD 5.0 billion in 2023 and is poised to grow from USD 5.27 billion in 2024 to USD 8.03 billion by 2032, growing at a CAGR of 5.4% during the forecast period (2025-2032).

The gas treatment market is a competitive market, with several large and medium-sized players. The market is also seeing the entry of new players and these new players are bringing new technologies and capabilities to the market, which is creating a more competitive landscape. The competitive landscape in the gas treatment market is expected to remain competitive in the coming years. The key players in the market are likely to continue to focus on innovation and expansion to maintain their competitive edge. The gas treatment market is a dynamic and competitive market. The key players in the market are constantly innovating and expanding to maintain their competitive edge. The market is expected to remain competitive in the coming years. 'BASF SE (Germany) ', 'ExxonMobil Corporation (USA) ', 'Shell plc (UK) ', 'Dow Inc. (USA) ', 'Honeywell International Inc. (USA) ', 'Linde plc (Ireland) ', 'Air Liquide S.A. (France) ', 'Halliburton Company (USA) ', 'Schlumberger Limited (USA) ', 'Clariant (Switzerland) ', 'Ecolab Inc. (USA) ', 'Huntsman Corporation (USA) ', 'Akzo Nobel N.V. (Netherlands) ', 'Amines & Plasticizers Ltd. (India) ', 'Berryman Chemical Inc. (USA) ', 'Eunisell Chemicals (Nigeria) ', 'SUEZ (France) ', 'Veolia Environnement S.A. (France) ', 'Pall Corporation (USA) ', 'ProSep Inc. (Canada)'

Natural gas is a cleaner-burning fuel than other fossil fuels, and it is becoming increasingly popular as a source of energy. This is driving the demand for gas treatment solutions, which are used to remove harmful contaminants from natural gas.

The global gas treatment market is experiencing several key market trends. Firstly, there is a growing demand for natural gas as a cleaner energy source, driving the need for efficient gas treatment processes to remove impurities and contaminants. This is particularly crucial in regions where natural gas production is expanding rapidly. Additionally, stringent environmental regulations aimed at reducing emissions and promoting sustainable practices are driving the adoption of advanced gas treatment technologies. The market is witnessing a shift towards the use of green and eco-friendly gas treatment solutions that minimize the carbon footprint. Moreover, the increasing focus on shale gas exploration and production is creating new opportunities for gas treatment technologies, as shale gas often requires extensive treatment before it can be utilized.

North America is expected to lead the global gas treatment market. The USA has the largest biotechnology sector in the world, generating bio-based goods on a commercial scale. According to the US Department of Agriculture, biofuels are quickly displacing traditional fuels in the nation. The biodiesel business has strong growth prospects because of this. The possibility for the petrol treatment market has grown dramatically in recent years along with the development of fuel technology.

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Global Gas Treatment Market
Gas Treatment Market

Report ID: SQMIG15E2264

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