Global Sulphur Recovery Technology Market Report 2022: Significant Growth in Oil & Gas Industry Boosts Sector

Company Logo

Dublin, Nov. 01, 2022 (GLOBE NEWSWIRE) -- The "Global Sulphur Recovery Technology Market: Size, Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.

The global sulphur recovery technology market is expected to grow at a CAGR of 10%. Sulphur recovery refers to the conversion of hydrogen sulphide (H2S) to elemental sulphur. Hydrogen sulphide is a by-product of processing natural gas and refining high-sulphur crude oils.

There is significant growth in the oil and gas industry in the past few decades; this has resulted in the market growth of sulphur recovery technology market. The key application areas of sulphur include refineries, gas and power plants, pharmaceuticals industry, fertilizers, rubbers products, cosmetics and so on.

Claus Method of Sulphur Recovery Dominated the Market

Due to increasing oil & gas exploration activities and stringent environmental regulations, sulphur recovery technology market has shown significant growth over the past few years. The growing number of refineries and gas processing plants in Asian and Middle East market have also enhanced the market for sulphur recovery technologies.

The claus method produces about 90-95 % of sulphur and proves efficient process for sulphur production. Research and innovations are focusing on reducing emission of gases during the production process of sulphur.

Middle East and Africa Led the Market

In 2020, Middle East and Africa was the largest market for sulphur recovery technology market. The Canada holds major sulphur export operations however china is also advancing in the sulphur market. Sulphur consumption in the United States in 2020 reached approximately 9.8 million metric tons. This figure has been relatively constant through the last five years. As there is significant growth in population there is an increasing demand for sulphur production. The Middle East and Africa witness a steady market growth. Major oil field operations are carried out on Russia and Canada.

Key trends observed in the global sulphur recovery technology market are increasing partnerships between refineries and fertilizer producers and modifications to enhance sulphur recovery technologies. Along with this, refineries are adopting specialized Tail Gas Treatment recovery process to enhance their Sulphur recovery yield.

Market Segmentation
Type

• Claus process

• Tail gas treatment

Application Area

• Oil and Gas plants

• Refineries

• Power plants

• Agriculture industry

• Others

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Sulphur Recovery Technology market?

• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?

• Estimated forecast and market projections up to 2030.

• Which segment accounts for the fastest CAGR during the forecast period?

• Which market segment holds a larger market share and why?

• Are low and middle-income economies investing in the Sulphur Recovery Technology market?

• Which is the largest regional market for Sulphur Recovery Technology market?

• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?

• Which are the key trends driving Sulphur Recovery Technology market growth?

• Who are the key competitors and what are their key strategies to enhance their market presence in the Sulphur Recovery Technology market worldwide?

Key Topics Covered:

1. Preface

2. Executive Summary

3. Sulphur Recovery Technology Market: Business Outlook & Market Dynamics

4. Sulphur Recovery Technology Market: by Type, 2020-2030, USD (Million)

5. Sulphur Recovery Technology Market: by Application Area, 2020-2030, USD (Million)

6. North America Sulphur Recovery Technology Market, 2020-2030, USD (Million)

7. UK and European Union Sulphur Recovery Technology Market, 2020-2030, USD (Million)

8. Asia Pacific Sulphur Recovery Technology Market, 2020-2030, USD (Million)

9. Latin America Sulphur Recovery Technology Market, 2020-2030, USD (Million)

10. Middle East and Africa Sulphur Recovery Technology Market, 2020-2030, USD (Million)

11. Company Profiles

Companies Mentioned

• Jacobs Engineering Group Inc

• AMEC Foster Wheeler

• Technip SA.

• Linde AG.

• WorleyParsons Ltd.

• Chiyoda Corporation

• Fluor Corporation

• Enersul Limited Partnership

• Royal Dutch Shell PLC

• Bechtel Corporation

For more information about this report visit https://www.researchandmarkets.com/r/pzcinw

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900