Global Hydrogen Sulfide Scavengers Market Insights Forecasts to 2030

• The Global Hydrogen Sulfide Scavengers Market Size was valued at USD 1.29 billion in 2021
• The Worldwide Market Share is growing at a CAGR of 5.2% from 2022 to 2030
• The Worldwide Hydrogen Sulfide Scavengers Market Size is expected to reach USD 2.01 billion by 2030
• North America is expected to grow the fastest during the forecast period

 

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The Global Hydrogen Sulfide Scavengers Market Size is expected to reach USD 2,010.99 million by 2030, at a CAGR of 5.2% during the forecast period 2022 to 2030.

 

Market Overview

H2S Scavenger, also known as hydrogen sulfide scavenger, is a specialty chemical or fuel additive that is frequently employed in hydrocarbon and chemical processing plants. It is an odorless and translucent chalcogen-hydride gas that is toxic, caustic, and combustible, with a recognizable foul odor in trace concentrations in the ambient atmosphere. To help achieve product and process criteria, these specialist compounds selectively react with and eliminate H2S. Crude oil, gasoline, and other refined petroleum products in storage tanks, tanker ships, rail cars, and pipelines are among the items treated for H2S.

 

To prevent hydrogen sulfide corrosion, hydrogen sulfide scavengers can be a cost-effective alternative to traditional gas/liquid sweetening techniques such as amine units or solid dry bed procedures. Hydrogen sulfide scavengers can be used successfully for treatment in a wide range of applications, such as H2S removal from gas streams, H2S removal from sour hydrocarbon liquids, and H2S reduction in sour liquid tank vapor spaces.

 

Water-soluble scavengers, oil-soluble scavengers, and metal-based scavengers are the most prevalent forms of H2S scavengers. Water-soluble scavengers are the most often used scavengers and are frequently the product of choice for applications at temperatures less than 200°F/93°C. These are some of the most commonly used additives in flare gas, LPG, wastes, and crude oils.

 

Report Coverage

This research report categorizes the market for the Global Hydrogen Sulfide Scavengers Market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Global Hydrogen Sulfide Scavengers Market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Global Hydrogen Sulfide Scavengers Market.

 

Driving Factors

The rise of the petrochemical and specialty chemical industry is propelling the hydrogen sulfide scavenger market. The demand for rapid and cost-effective H2S removal procedures, as well as the desire to improve sweetened oil production, is expected to propel the demand throughout the estimated period. Additionally, the increased petroleum and natural gas market has resulted in a rise in worldwide refinery capacity as a consequence of the construction of new refineries as well as the modernization of current refinery complexes. Numerous massive refinery expansions are now in the planned or building stages, with completion expected within the projected timeframe. Throughout the projected period, increasing developments industrial sector will boost the hydrogen sulfide scavenger market.

 

Considering hydrogen sulfide scavengers are widely used in many industries, including water treatment and oil and gas, the global market for such chemicals is expected to grow significantly throughout the forecast timeframe. The market for hydrogen sulfide scavengers is increasing due to rising safety concerns in organizations that have restricted hydrogen sulfide, as well as the use of compounds to remove H2S gas from process systems to minimize corrosion.

 

Restraining Factors

The introduction of severe laws governing the use of scavengers is projected to impede the growth of the hydrogen sulfide scavenger market. Furthermore, rising qualms concerning sulfide residue left behind when the process is not completed due to scavengers inability to entirely remove H2S gas are expected to restrain the hydrogen sulfide scavenger market.

 

Market Segmentation

• In 2021, the water-soluble segment dominated the market with the largest share over the forecast period

Based on type, the Global Hydrogen Sulfide Scavengers Market is segmented into water-soluble, oil-soluble, and metal-based. Among these, the water-soluble segment dominated the market with the largest share. This is mostly owing to the effectiveness of water-soluble hydrogen sulfide scavengers in removing H2S from condensate, LPG, residues, crude oil, and gas systems. It responds quickly to eliminate H2S irreversibly and generates stable, oil-soluble compounds. Water-soluble hydrogen sulfide (H2S) scavengers are widely employed for utilization in situations where the temperature is less than 200°F/93°C.

 

• In 2021, the regenerative segment is witnessing significant CAGR growth over the forecast period

On the basis of the process, the Global Hydrogen Sulfide Scavengers Market is segmented into regenerative and non-regenerative. Among these, the regenerative segment is witnessing significant CAGR growth over the forecast period. That's also mainly attributable to the widespread usage of regenerative hydrogen sulfide scavengers in the industry for hydrogen sulfide removal. The most often utilized regenerating hydrogen sulfide scavengers in gas sweetening are monoethanolamine (MEA), diethanolamine (DEA), and methyl diethanolamine (MDEA).

 

• In 2021, the oil & gas segment is dominating the market with the largest market share of 65% over the forecast period

Based on end use industry, the Global Hydrogen Sulfide Scavengers Market is segmented into water treatment, oil & gas, waste management, and many others. Among these, the oil & gas segment dominates the market with the largest market share of 65% over the forecast period.  Hydrogen sulfide gas is discharged throughout drilling, extraction, and servicing operations in the oil and gas industry. In order to reduce the concentrations of hydrogen sulfide in hydrocarbon production fluids, a hydrogen sulfide scavenger is infused into the hydrocarbon stream. It is also a cost-effective solution, making it a viable alternative like an additive in the oil and gas sector. Such characteristics may boost the application of hydrogen sulfide scavengers in the oil and gas industry, eventually driving market expansion.

 

Regional Segment Analysis of the Global Hydrogen Sulfide Scavengers Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

Asia Pacific is dominating the market with the largest market share of 56%.

Asia Pacific is predicted to remain the industry's leading region during the projection period, with a 56% market share, since the majority of refinery expansions are expected to take place in Asia Pacific, driven by the economies of India and China, in the coming years. Rising growth in the economy in the industrialized regions, particularly in Asia and the Pacific, has broadened the middle and upper-class background and expanded the availability of oil. The increase in the gross domestic product (GDP) is rapidly growing the demand for petroleum, which is fueling the region's oil refineries.

 

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North America is expected to grow the fastest in terms of volume for the hydrogen sulfide scavengers market during the forecast period, owing to the region's expanding chemical industries, rapidly increasing chemical demand, acquisition and merger agreements among industry leaders, massive investments, and higher incidence of advancement in research and development.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Global Hydrogen Sulfide Scavengers Market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Market Players

• Solvay SA
• Halliburton Co.
• KNG Capital
• General Electric Co.
• ChemTreat, Inc.
• Merichem Co.
• Axalta Coating Systems
• Schlumberger Ltd.
• BASF SE
• Dorf-Ketal
• Ecolab Inc.
• Chemical Products Industries Inc.
• The Dow Chemical Co.
• Nalco Water
• Baker Hughes Co.
• Schlumberger Ltd.
• Hexion Inc.
• CARADAN CHEMICALS INTERNATIONAL
• AkzoNobel N.V.
• Dorf Ketal Chemicals I Pvt. Ltd.
• Nalco Champion
• Vink Chemicals GmbH and Co. KG
• Arkema Group
• Cestoil Chemical Inc.
• Altana AG
• Innospec Inc.
• Newpoint Gas LLC
• SUEZ
• Paqell BV

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Recent Development

• In August 2022, Babcock & Wilcox Enterprises (B&W) formed a partnership with Newpoint Gas, a gas treatment company, to serve as a foundational technology partner. It will deliver advanced hydrogen generation, decarbonization, and combustion technologies for the rehabilitation of the decommissioned US Department of Energy Portsmouth Gaseous Diffusion Plant site near Piketon, Ohio, in the United States.

 

• In October 2022, Clariant and Dorf Ketal recently stated that Dorf Ketal will purchase Clariant's North American Land Oil division, which provides chemical technologies and services to the North American oil and gas sector. Dorf Ketal will gain significant strategic assets, creative new technology, brilliant people, and strong customer ties as a result of this transaction.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2021 to 2030. Spherical Insights has segmented the Global Hydrogen Sulfide Scavengers Market based on the below mentioned segments:

 

Global Hydrogen Sulfide Scavengers Market, By Type

• Water-Soluble
• Oil-Soluble
• Metal-Based

Global Hydrogen Sulfide Scavengers Market, By Process

• Regenerative
• Non-Regenerative

Global Hydrogen Sulfide Scavengers Market, By End Use Industry

• Water Treatment
• Oil & Gas
• Waste Management
• Others

 

Global Hydrogen Sulfide Scavengers Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa