Sulphur Recovery Market Scope
Sulphur recovery is the process of converting a hydrogen sulfide to elemental Sulphur. Since the demand for Sulphur crude oil is maximum which is ultimately over generating hydrogen sulfide across the globe. Thus, there will be significant demand generated for the Sulphur recovery solutions. Moreover, with increasing focus on regulations and environmental awareness the global Sulphur recovery market will produce significant demand from the existing market.
According to AMA, the Global Sulphur Recovery market is expected to see growth rate of 11.2%
Research Analyst at AMA estimates that United States and European Manufacturers will contribute to the maximum growth of Global Sulphur Recovery market throughout the predicted period.
Jacobs Engineering Group (United States), Chiyoda Corporation (Japan), Amec Foster Wheeler (United Kingdom), Technip FMC (United Kingdom), Worley Parsons Ltd (Australia), Linde AG (Ireland), Fluor Corporation (United States), KT-Kinetics Technology SpA (Italy), GTC Technology (United States) and Heurtey Petrochem India Private Limited (India) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Chicago Bridge & Iron Company (United States) and Shandong Sunway Petrochemical Engineering Co. Ltd. (China).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Sulphur Recovery market , by Application (Petroleum and Coke, Natural Gas and Others) and Region with country level break-up.
On the basis of geography, the market of Sulphur Recovery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On February 6th, 2018, the United States based subsidiary of Zachry Group and MacDermott International Inc., “Chiyoda Corporation” has been awarded a joint venture contract for engineering, procurement and construction contracts by Golden Pass Products LLC. Moreover in October 2017, leading sulphur recovery technology provider John Wood Group Plc completed the acquisition of Amec Foster Wheeler. This acquisition will help the company expand their geographical presence and product portfolio.
On February 19th, 2019, John Wood Group PLC was been awarded the new USD 13 million contracts with Equinor to deliver engineering, procurement, construction, and installation (EPCI) services to the Vigdis boosting station increased oil recovery (IOR) project. Thus, it will enable the company to provide topside modifications to enable the tie-in of subsea equipment to offshore platforms Snorre A and Snorre B, which process oil from the Vigdis subsea field, located in the Norwegian North Sea.
- Upsurging Refinery Projects across the Globe
- Escalating Adoption of Power Plant Efficiency Enhancement
- Growing Application of Elemental Sulphur in the Pharmaceutical Industry
- Increasing awareness to Minimize Greenhouse Gas Emission
- Rising Power Consumption leading to Cogeneration of Power Plants
- Increasing Technological Developments in Fertilizer, Petrochemical Automation, and Mining Industries
- Introduction to Minimal Sulphur Emitting Elements might hamper the demand
- Unstable Demand and Supply Limits the Market Growth
- Stagnate Demand for Sulphur and Sulphur Based Manufacturing and Applications across the Globe
Key Target AudienceSulphur Recovery Service Providers, Sulphur Recovery Technology Developers, Environmental Protection Industry Associations, Government Agencies, Sulphur Emitting Businesses and Related Industries and Others