Sulphur Recovery Technology Market

2019 Analysis and Review of Sulphur Recovery Technology Market by Technology – Claus Process, and Tail Gas Treatment for 2019 - 2027

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 Americas are expected to register a noteworthy CAGR in the global sulphur recovery technology market, owing to increasing oil & industry in this region. North America market is projected to grow 4.2x its current value by the end of 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.   

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 rise 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.

FAQ ABOUT THE SULPHUR RECOVERY TECHNOLOGY MARKET

What is the growth outlook for the sulphur recovery technology market?

Sulphur recovery technology is a vital part of the oil & gas industry, and is used for harnessing sulphur from hydrogen sulphide, which is a by-product of natural gas and crude oil processing. With regulations imposed on reducing level of sulphur in products and lower sulphur emissions, demand for sulphur recovery technology solutions is expected to rise substantially during the forecast period.

Which segment will gain healthy traction over the coming decade?

By source of recovery, the gas segment is expected to register a substantial growth rate, attributable to increasing activities for shale gas exploration and production. In terms of plant capacity, the demand for sulphur recovery technology units with a capacity of less than 100 t/d is growing extensively, owing to ease of upgradation, lower emission footprint, and relatively cost-effective nature as compared to other units.

Which trend will shape the global sulphur recovery technology market?

Manufacturers are poised to upgrade and modify their tail gas technology to meet standards that limit sulphur content, decrease emission of sulphur dioxide, and increase plant efficiency. Hence, upgradation in tail gas treatment technology is providing momentum to the growth of the sulphur recovery technology market over the forecast period.

What is the degree of competitiveness among players in the global market?

The global sulphur recovery technology market is fragmented due to the presence of numerous global players. Players such as Exxon Mobil, Royal Dutch Shell Plc, Bechtel Corporation are identified as tier-1 players. These players focus on business expansion, acquisitions, and product & technology development to maintain their brand value in the global market.

Which region offers considerable growth opportunities for players in the sulphur recovery technology market?

Asia Pacific is anticipated to offer significant potential for growth for players in the global sulphur recovery technology market, owing to increasing investments in the oil & gas industry in the region. However, the Middle East & Africa is projected to maintain its dominant share in the global sulphur recovery technology market during the forecast period.

Sulphur Recovery Technology Market: Segmentation

The global sulphur recovery technology market is segmented in detail to cover every aspect of the market, and present complete market intelligence to readers.

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

  • APAC
  • Americas
  • Europe
  • MEA

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