Global Hydrogen Sulfide Scavengers Market Overview:
Natural gas or crude containing hydrogen sulfide (H2S) is commonly referred to as sour gas and/or sour crude. Hydrogen sulfide is soluble in both water and hydrocarbon. It causes major issues related to safety, environment & regulatory, and operational issues. A maximum of eight hours of exposure to concentrations greater than 100 ppm H2S will cause hemorrhage and death. Hydrogen sulfide scavengers offer a cost-effective alternative for corrosion in the traditional sweetening process due to this it is being widely adopted in oil & gas industries. The chemical products are applied in columns or sprayed directly into gas pipelines. According to a source, over 1 billion barrels of proven crude oil reserves are currently available on a global scale. The increase in crude oil production will rise the use of hydrogen sulfide scavengers in the oil & gas sector. Hence will help in driving the market size. According to AMA, the Global Hydrogen Sulfide Scavengers market is expected to see growth rate of 5.1%
- High Consumption Of Hydrogen Sulfide Scavengers In Oil & Gas Industry
- Cost-Effective Alternative For Corrosion In Traditional Sweetening Process
- Demand For Efficient Process Treatment Chemicals and Customized Engineering Solution
- Stringent Regulations Are Applied Onto The Usage Of Scavengers
- Increasing Need For Removal Of H2S Gas In End Use Applications
- Rising Focus On Regenerative Hydrogen Sulfide Scavengers
- Proper Disposal Of Non-Regenerative Hydrogen Sulfide Scavengers
The market consist of a few leading players who are focusing on research & development, product launches, and strategic agreements to maintain their position in the global hydrogen sulfide scavengers market. The key manufacturers in the market are trying to develop technologically cost-effective and software-based solutions to treat hydrogen sulfide in oil reserves.
Some of the key players profiled in the report are SUEZ (France), Nalco Water (United States), ChemTreat, Inc (United States), Chemical Products Industries, Inc. (United States), Dorf Ketal Chemicals (I) Pvt. Ltd (India), Merichem Company (United States), Schlumberger Limited (United States), Arkema S.A. (France), Halliburton Company (United States), Baker Hughes Company (United States), Stepan Company(United States), NuGeneration Technologies (United States), Hexion Inc. (United States), Lonza Group (Switzerland) and Schlumberger Limited (United States). Considering Market by Phase, the sub-segment i.e. Gas Phase will boost the Hydrogen Sulfide Scavengers market. Considering Market by Dosage Rate, the sub-segment i.e. Upto 500 Liter/Day will boost the Hydrogen Sulfide Scavengers market. Considering Market by Product, the sub-segment i.e. Metal-based Scavengers will boost the Hydrogen Sulfide Scavengers market.
In April 2019, Troy Corporation launched Oilmate, a specialty hydrogen sulfide scavenger product that facilitates H2S extraction from oil & gas processes. This specialty product helps minimize H2S emissions as well as offers health, safety, environmental and anti-corrosion advantages to energy producers.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Hydrogen Sulfide Scavengers market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Hydrogen Sulfide Scavengers market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Hydrogen Sulfide Scavengers Manufacturer, Raw Material Suppliers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.