Hydrogen Sulfide(H2S) Scavenger Market - 35% of Growth to Originate from APAC| Oil & Gas Segment to be significant for Revenue Generation| Technavio

NEW YORK, May 16, 2022 /PRNewswire/ -- The hydrogen sulfide scavenger market estimates a market value of USD 231.02 million from 2021 to 2026 as per the latest market report by Technavio. In addition, the report projects the market will decelerate at a CAGR of 2.98%. 35% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the hydrogen sulfide scavenger market in APAC. Market growth in this region will be faster than the growth of the market in other regions. The capacity expansions in the food and beverage, oil and gas, and petrochemical industries will facilitate the hydrogen sulfide scavenger market growth in APAC over the forecast period.

Technavio has announced its latest market research report titled Global Hydrogen Sulfide (H2S) Scavenger Market by End-user and Geography - Forecast and Analysis 2022-2026

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Hydrogen Sulfide Scavenger Market: Segmentation Analysis

The market research report segments the hydrogen sulfide scavenger market by End-user (Oil and gas, water and wastewater treatment, and Others) and Geography (North America, APAC, Europe, Middle East, Africa, and South America).

The hydrogen sulfide scavenger market share growth in the oil and gas segment will be significant for revenue generation. Hydrogen sulfide gas is released in the oil and gas industry during drilling, completion, and servicing operations. A hydrogen sulfide scavenger is injected into the hydrocarbon stream to minimize the concentration of hydrogen sulfide in hydrocarbon production fluids. The H2S scavenger decreases the level of hydrogen sulfide gas in crude oil. Also, it is a cost-effective solution which makes it a sustainable choice as an additive in the oil and gas industry. These factors will encourage the use of H2S scavengers in the oil and gas industry and thereby driving the market growth.

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Hydrogen Sulfide Scavenger Market: Rise in global oil and gas refinery capacity to drive growth

The rise in global oil and gas refinery capacity is one of the key drivers supporting the hydrogen sulfide scavenger market growth. Hydrogen sulfide is a byproduct of crude oil, which is formed in the refining process by the degradation of sulfur-containing compounds in crude at high temperatures. Many refineries try to remove hydrogen sulfide from cracked streams used in blending fuels. Moreover, hydrogen sulfide scavenger removes hydrogen sulfide and some mercaptan from hydrocarbon streams. The rising oil and gas demand has led to a simultaneous increase in global refinery capacity due to the addition of new refineries or the expansion of existing refinery complexesSeveral major refinery expansions are under either planning or construction stage and are expected to be completed during the forecast period. These expansions will drive the hydrogen sulfide scavenger market growth during the forecast period.

Hydrogen Sulfide Scavenger Market: Increase in the adoption of IoT in industrial emission control systems is a major trend

An increase in the adoption of IoT in industrial emission control systems is one of the key hydrogen sulfide (H2S) scavenger market trends fueling market growth. Advances in sensors, IoT platforms, and mobile communications technologies have resulted in the development of small, portable, cost-effective, and mobile-enabled sensors. Big Data capabilities, such as analytics and machine learning, can be applied to related data sets such as weather and traffic to gauge causes and fluctuations in air pollution. The formulation and implementation of various health and safety regulations across the world against hydrogen sulfide are increasing the adoption of gas sensors and air quality monitors for critical industries, such as oil and gas, mining, and paper and pulp industries. For instance, Spec Sensors offers hydrogen sulfide sensors, such as Digital Gas Sensor Module for H2S and Ultra-Low Power Analog Sensor Module for H2S. Such technologically advanced solutions are controlling hydrogen sulfide emissions. This is likely to boost the growth of the global hydrogen sulfide scavenger market during the forecast period. 

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Hydrogen Sulfide Scavenger Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 2.98%

Market growth 2022-2026

USD 231.02 million

Market structure

Fragmented

YoY growth (%)

3.16

Performing market contribution

APAC at 35%

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Altana AG, Arkema Group, Baker Hughes Co., BASF SE, Cestoil Chemical Inc., Chemical Products Industries Inc., Dorf Ketal Chemicals I Pvt. Ltd., Ecolab Inc., General Electric Co., Halliburton Co., Hexion Inc., Innospec Inc., KNG Capital, Merichem Co., Newpoint Gas LLC, Schlumberger Ltd., Sofina SA, Solvay SA, The Dow Chemical Co., and Vink Chemicals GmbH and Co. KG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Content

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

  • 5.1 Market segments
    • Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
  • 5.2 Comparison by End-user
    • Exhibit 26: Chart on Comparison by End-user
    • Exhibit 27: Data Table on Comparison by End-user
  • 5.3 Oil and gas - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Oil and gas - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Oil and gas - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Oil and gas - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Oil and gas - Year-over-year growth 2021-2026 (%)
  • 5.4 Water and wastewater treatment - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Water and wastewater treatment - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Water and wastewater treatment - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Water and wastewater treatment - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Water and wastewater treatment - Year-over-year growth 2021-2026 (%)
  • 5.5 Others - Market size and forecast 2021-2026
    • Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
    • Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)
  • 5.6 Market opportunity by End-user
    • Exhibit 40: Market opportunity by End-user ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 44: Chart on Geographic comparison
    • Exhibit 45: Data Table on Geographic comparison
  • 7.3 North America - Market size and forecast 2021-2026
    • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.4 APAC - Market size and forecast 2021-2026
    • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.5 Europe - Market size and forecast 2021-2026
    • Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.6 Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.7 South America - Market size and forecast 2021-2026
    • Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026
    • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 China - Market size and forecast 2021-2026
    • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.10 Japan - Market size and forecast 2021-2026
    • Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)
  • 7.11 Germany - Market size and forecast 2021-2026
    • Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.12 UK - Market size and forecast 2021-2026
    • Exhibit 82: Chart on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 83: Data Table on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 84: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 89: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 90: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 91: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 92: Matrix on vendor position and classification
  • 10.3 Arkema Group
    • Exhibit 93: Arkema Group - Overview
    • Exhibit 94: Arkema Group - Business segments
    • Exhibit 95: Arkema Group - Key news
    • Exhibit 96: Arkema Group - Key offerings
    • Exhibit 97: Arkema Group - Segment focus
  • 10.4 BASF SE
    • Exhibit 98: BASF SE - Overview
    • Exhibit 99: BASF SE - Business segments
    • Exhibit 100: BASF SE - Key news
    • Exhibit 101: BASF SE - Key offerings
    • Exhibit 102: BASF SE - Segment focus
  • 10.5 Dorf Ketal Chemicals I Pvt. Ltd.
    • Exhibit 103: Dorf Ketal Chemicals I Pvt. Ltd. - Overview
    • Exhibit 104: Dorf Ketal Chemicals I Pvt. Ltd. - Product / Service
    • Exhibit 105: Dorf Ketal Chemicals I Pvt. Ltd. - Key offerings
  • 10.6 General Electric Co.
    • Exhibit 106: General Electric Co. - Overview
    • Exhibit 107: General Electric Co. - Business segments
    • Exhibit 108: General Electric Co. - Key news
    • Exhibit 109: General Electric Co. - Key offerings
    • Exhibit 110: General Electric Co. - Segment focus
  • 10.7 Halliburton Co.
    • Exhibit 111: Halliburton Co. - Overview
    • Exhibit 112: Halliburton Co. - Product / Service
    • Exhibit 113: Halliburton Co. - Key news
    • Exhibit 114: Halliburton Co. - Key offerings
  • 10.8 Hexion Inc.
    • Exhibit 115: Hexion Inc. - Overview
    • Exhibit 116: Hexion Inc. - Business segments
    • Exhibit 117: Hexion Inc. - Key news
    • Exhibit 118: Hexion Inc. - Key offerings
    • Exhibit 119: Hexion Inc. - Segment focus
  • 10.9 Innospec Inc.
    • Exhibit 120: Innospec Inc. - Overview
    • Exhibit 121: Innospec Inc. - Business segments
    • Exhibit 122: Innospec Inc. - Key news
    • Exhibit 123: Innospec Inc. - Key offerings
    • Exhibit 124: Innospec Inc. - Segment focus
  • 10.10 Schlumberger Ltd.
    • Exhibit 125: Schlumberger Ltd. - Overview
    • Exhibit 126: Schlumberger Ltd. - Business segments
    • Exhibit 127: Schlumberger Ltd. - Key offerings
    • Exhibit 128: Schlumberger Ltd. - Segment focus
  • 10.11 Solvay SA
    • Exhibit 129: Solvay SA - Overview
    • Exhibit 130: Solvay SA - Business segments
    • Exhibit 131: Solvay SA - Key news
    • Exhibit 132: Solvay SA - Key offerings
    • Exhibit 133: Solvay SA - Segment focus
  • 10.12 The Dow Chemical Co.
    • Exhibit 134: The Dow Chemical Co. - Overview
    • Exhibit 135: The Dow Chemical Co. - Business segments
    • Exhibit 136: The Dow Chemical Co. - Key news
    • Exhibit 137: The Dow Chemical Co. - Key offerings
    • Exhibit 138: The Dow Chemical Co. - Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 139: Inclusions checklist
    • Exhibit 140: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 141: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 142: Research methodology
    • Exhibit 143: Validation techniques employed for market sizing
    • Exhibit 144: Information sources
  • 11.5 List of abbreviations
    • Exhibit 145: List of abbreviations

 

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports, covering 800 technologies spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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