Sulphur Recovery Technology Market

2021 Analysis and Review: Sulphur Recovery Technology Market by Technology – Claus Process and Tail Gas Treatment for 2021 – 2031

Sulphur Recovery Technology Market Snapshot

Newly released data by Future Market Insights (FMI), projects that the sulphur recovery technology market will reach valuation of US$ 1.2 Bn by 2021 and is expected to grow at compound annual growth rate (CAGR) of 11% for 2021 – 2031. The increasing production of shale gas will accelerate the growth with top market players holding 2/5th of sulphur recovery technology market share in 2021.

Growth predictions remain positive for Europe due to increasing government expenditure on oil and gas industry and presence of leading market players in the U.K. and Germany. Spurred by this, the Europe sulphur recovery technology market is projected to grow at about 12% CAGR during the forecast period.

Key Points Covered in Sulphur Recovery Technology Market Study

  • Market estimates and forecast 2021 – 2031
  • Key drivers and restrains impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competitive Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact On Sulphur recovery technology Market
  • Recommendation on Key Winning Strategies

Sulphur Recovery Technology Market Historic Outlook In Comparison to 2021 – 2031 Forecasts

Future Market Insights in its recent study predicts that sulphur recovery technology market will grow 1.5x its current value during the forecast period owing to increasing demand for modernizing the air treatment and oil and gas facilities along with strict regulations to limit the sulphur dioxide emission exceeding the prescribed limits.

International Maritime Organization enforced its IMO 2020 regulations from 1st January 2020 which restricts the amount of sulphur in ship’s fuel oil to 0.50%. The regulation was implemented across the globe under the complementary International Convention for the Prevention of Pollution form ships (MARPOL) treaty to decrease the sulphur oxides level in the air and improve environment and human health.

With implementation of stringent regulations across the globe regarding sulphur emission as well as sulphur level in gasoline and other products, rise in demand for sulphur recovery technological solutions can be expected in forthcoming years.

Shell Inc. recently developed a modern tail gas treating solution technology “CANSOLV TGT+” which captures around 99.99% of overall sulphur present in tail gas stream while simplifying the process line-up. The system itself has extremely low sulphur dioxide emission and captures all sulphur particles that are routed towards incinerator.

DuPont Clean Technologies (DuPont) recently launched an advance steam plume suppression solution called Sennuba™ plume suppression technology used in sulphur recovery units applications.

Extensive research and development among leading market players to launch novel tail gas treating technologies to curb the sulphur emission will accelerate the sulphur recovery technology market growth.

Key Factors Shaping Sulphur Recovery Technology Market

Gas Sulphur Technology to Capture High Market Share

Increasing activities for exploration and production of shale gas are creating positive prospects, and are boosting demand for sulphur recovery technology units from refineries.

Major gas refining activities in the Middle East, Central Asia, and East Asia are increasing, leading to a rise in production of recovered sulphur from gas refining activities.

Stringent norms and regulations pertaining to regulations on sulphur are boosting the growth of the sulphur recovery technology market.

Middle East & Africa to Hold Major Share in Global Sulphur Recovery Technology Market

Future Market Insights comprehensively analyzed the sulphur recovery technology market by segmenting it into four regions- Americas, Asia Pacific, Europe, and the Middle East & Africa. In terms of value, Middle East & Africa is estimated to dominate the global sulphur recovery technology market.

However, on the basis of annual growth rate, the North America is expected to register an impressive growth at 19% CAGR in the global sulphur recovery technology market in 2021, owing to increasing oil & industry in this region.

Europe market is also projected to grow at 12% CAGR throughout forecast period, on the back of substantial consumption of sulphur recovery technology in the region.

Upgradation of Tail Gas Treatment Technology to Propel Market Growth

Increasing occurrences of hydrogen sulphide rich feed streams influences sulphur recovery unit manufacturers to upgrade and modify their offerings to meet standards that limit emission of sulphur dioxide.

Hence, most companies are upgrading their tail gas and air treatment technology to capture a significant share in the sulphur recovery technology market.

BASF introduced its new tail gas treatment technology to reduce sulphur content and increase plant efficiency. This technology decreases sulphur emissions from tail gas treatment units and lowers operational expenditure, attributable to the reduced amine circulation rates and reboiler duties.   

Presence of multiple vendors renders the landscape highly competitive, prompting them to forge strategic alliances, undertake joint ventures and enter into acquisitions. In addition, technological enhancements in sulphur recovery technology technology and equipment are imperative to ensure a firm footing in the market.

In 2019, Jan De Nul Group initiated maintenance sulphur recovery technology works in Nieuwpoort, Belgium. This project was part and parcel of the company’s commitment to reduce CO2 emissions by 15%. To achieve this, it incorporated renewable biofuel from sustainable waste flows.

In October 2020, Royal Boskalis Westminster N.V secured multiple sulphur recovery technology contracts across Germany worth € 45 million from a host of regional maritime transport vendors. These contracts aim to provide flood protection, construction of a shipping fairway and port maintenance across numerous locations.

Companies are also penetrating lucrative market by establishing regional offices and manufacturing units. Recently, Great Lakes Dredge & Dock Co. announced the transfer of its corporate headquarters to Houston from Oak Brook. This relocation will help it inch closer towards its regional clients in the Gulf Coast along the Mississippi River.

Increasing Governmental Support to Create Lucrative Growth Opportunities

Economic and political measures are being taken by several governments to support the oil & gas industry. For instance, Mercosur aims to promote free trade and fluid movement of goods, people, and currency between countries in South America.

Similarly, in Brazil, some regulatory authorities are acting in favor of a fair tax and royalty’s regime to support the oil & gas industry, which in turn is expected to drive the demand for sulphur recovery technology.

The rises in number of refinery projects supported across the globe by government initiatives are creating significant opportunities for manufacturers of sulphur recovery technology.

Sulphur Recovery Technology Market Structure Analysis

  • The global sulphur recovery technology market is characterized as fragmented, on account of the presence of numerous international as well as regional players in the sulphur recovery technology market.
  • Substantial investments in oil & gas industries by governments, as well as leading companies, for improvement of product and technologies are expected to improve growth prospects of the sulphur recovery technology market.
  • Key participants in the sulphur recovery technology market include Bechtel Corporation, Linde AG, Royal Dutch Shell Plc, Exxon Mobil, Jacobs Engineering Group Inc, Technip FMC plc CB&I, Chiyoda Corporation, Worley Parsons Ltd, GTC Technology, and KT-Kinetics Technology SpA.

This list is indicative - full details about prominent sulphur recovery technology manufacturers is available upon request

Sulphur recovery technology Market – Report Scope

Attribute

Details

Forecast Period

2021 – 2031

Historical Data Available for

2019 – 2027

Market Analysis

US$ Mn for Value & Units for Volume

Key Regions Covered

North America, Latin America, Europe, Asia Pacific, and Middle East & Africa

Key Countries Covered

U.S., Canada, Brazil, Mexico, Argentina, Germany, Italy, France, U.K., Spain, India, Thailand, Malaysia, Singapore, Australia & New Zealand, China, Japan, South Korea, GCC, South Africa, Nigeria and Israel

Key Segments Covered

By Technology Type, By  Source of Recovery,  By Capacity Type, and By Region

Key Companies Profiled

  • Bechtel Corporation
  • Linde AG
  • Royal Dutch Shell Plc
  • Exxon Mobil
  • Jacobs Engineering Group Inc
  • Technip FMC plc CB&I
  • Chiyoda Corporation
  • Worley Parsons Ltd
  • GTC Technology
  • KT-Kinetics Technology SpA.

Report Coverage

Market Overview, Market Background, Market Forecast, Segmental Analysis, Regional Profiling and Competition Analysis

Customization & Pricing

Available upon Request

Key Questions Answered in the Report

  • What is sulphur recovery technology market size?

    Driven by rising necessity to control the sulphur and sulphur dioxide emission, the sulphur recovery technology market size is forecast to reach US$ 1.2 Bn in 2021

  • At what rate did the sulphur recovery technology market expand in the last five years?

    Between 2016 and 2020, the sulphur recovery technology market experienced healthy growth at 7% CAGR.

  • What are the key trends shaping the sulphur recovery technology market?

    Direct partnerships with engineering, procurement, and construction and end users by OEMs backed with periodic contractual service module offerings are the key trends observed in the market.

  • What are the key factors driving sulphur recovery technology market demand?

    Increasing up-gradation in tail gas treatment technology, lower emission footprint, and better cost benefits sulphur recovery technological solutions are driving the market demand.

  • What is the North America sulphur recovery technology market outlook?

    Demand registered in North America will continue rising, backed by increasing sales in the U.S. and Canada, the North America market will growat 19% CAGR during 2021 to 2031.

  • Who are the leading companies in sulphur recovery technology market?

    Royal Dutch Shell plc, Exxon mobil Corporation, Bechtel Corporation, Fluor Corporation, and Linde AG & Technip FMC plc are the top five companies in the market.

  • What is the cumulative share of top five companies in sulphur recovery technology market?

    Top players account for nearly 45% of the sulphur recovery technology market share as of 2021.

  • At what rate will sulphur recovery technology sales increase in Europe?

    Sulphur recovery technology sales will increase at 12% CAGR in Europe, backed by rising demand in the U.K., Germany, and other countries.

  • Which are the top five countries driving sulphur recovery technology market demand?

    Leading countries driving demand in the sulphur recovery technology market are the U.S., South Africa, Kazakhstan, India and China.

  • What are the key statistics for sulphur recovery technology market in Japan and South Korea?

    Japan and South Korea held around 8% share in the overall sulphur recovery technology market in 2021.

Key Segments Covered in Sulphur recovery technology Market Study:

Technology

  • Claus Process
  • Tail Gas Treatment

Source of Recovery

  • Oil
  • Gas
  • Others

Capacity

  • <100 t/D
  • 101-200 t/D
  • 201-300 t/D
  • >300 t/D

Region

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • MEA

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