Global Hydrogen Sulfide Scavengers Market was valued US$ XX Mn. in 2019 and is expected to grow around US$ 657 Mn. by 2027, at a CAGR of nearly 5% during the forecast period.
Global Hydrogen Sulfide Scavengers Market
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Global Hydrogen Sulfide Scavengers Market Overview:
Hydrogen sulfide scavengers are the chemical compounds that are used for the removal of H2S gas. These compounds are vital oilfield chemicals that are used for chemical processing facilities. These scavengers are used in crude oil, fuel, natural gas, LPG, and other petroleum products stored in storage tanks, pipelines, and tanker ships.
Global Hydrogen Sulfide Scavengers Market Dynamics:
Some of the significant factors positively influencing the market growth include rising demand for hydrogen sulfide scavengers from the oil & gas industry, high growth in emerging economies, and increasing demand from numerous end-user industries. On the other hand, environmental & operational concerns related to hydrocarbon management, and health & safety concerns are hindering the market growth.
The Demand for Hydrogen Sulfide Scavengers from Oil & Gas Industry is Fueling the Market Growth
Hydrogen sulphide is a colorless gas, with an offensive odour and a sweetish taste. It is soluble in water, alcohol, oils, and many other solvents. During oil & gas operations, hydrogen sulphide can be found as a component of formation gases, dissolved in water, hydrocarbons, or even liquid sulphur. The hydrogen sulphide content of fluids in the permeable formations of oil wells has an important impact on the economic value of the produced hydrocarbons and production operations. Therefore, the use of hydrogen sulfide scavengers is mainly high in the oil & gas industry, in upstream and downstream applications is fueling the market growth.
Health and Safety Concerns Hampers the Market Growth
Human health effects of exposure to hydrogen sulfide, an irritant, and an asphyxiant, depend on the concentration of the gas and the length of exposure. A maximum of 8 hours of exposure to concentrations above 100 ppm hydrogen sulfide scavengers will cause loss and death. Concentrations above 600 ppm can be fatal in 3 to 5 minutes. Very stressed, high strength steel can fail in a matter of minutes in the existence of 50 ppm hydrogen sulfide scavengers. At high pressure, as little as 0.1 ppm hydrogen sulfide scavengers can significantly reduce the time to failure of highly stressed, high strength steel. Hence, health and safety concerns are restricting market growth.
Global Hydrogen Sulfide Scavengers Market Segmentation:
By process, in terms of volume, the regenerative segment held the largest market share of the global hydrogen sulfide scavengers market in 2018. In large production facilities, the most economical solution to remove H2S from the gas process stream is to install a regenerative system for treating sour gas. This factor drives the regenerative segment in the hydrogen sulfide scavengers market. Triazine is a commonly used, non-regenerative, liquid H2S scavenger, employed in the oil industry. It is primarily used for eliminating low (
Global Hydrogen Sulfide Scavengers Market1
Region-wise, in terms of demand, Asia-Pacific dominated the global hydrogen sulfide scavengers market in 2018. According to OPEC, Asia-Pacific accounts for ~60% share of both, global GDP and energy demand. Especially for oil, the demand in the Asia Pacific is 49 million barrels a day, which is 59% of the global demand, i.e. 82 million barrels a day. This is boosting the production of crude oil. Hydrogen sulfide scavengers are primarily used for the removal of hydrogen sulfide from crude oil.
OPEC controlled roughly 72% of the world's total crude oil reserves and produced 42% of the world's total crude oil output in 2018. But, the U.S. was the world's largest oil-producing country in 2018, with the country producing above 10 million barrels per day. Implementation of strict regulations on hydrogen sulfide and the presence of a large number of proven crude oil refineries in the U.S. are expected to boost the hydrogen sulfide scavengers market in the country in the future.
Industry Development:
In August 2018, The Oilfield Technology Group (OTG) of Hexion Inc., a leading chemicals company based in Columbus, Ohio, announced the launch of a new proppant flowback control additive, which is instrumental for the oil & gas industry.
On February 19, 2019, Schlumberger Limited announced its plans to enter into a joint venture with Rockwell Automation to form Sensia, the first fully-integrated automation solutions provider for the oil & gas industry. The new joint venture entity would combine Rockwell Automation’s integrated control and information solutions with Schlumberger Limited’s oil and gas expertise.
In July 2018, Halliburton acquired Athlon Solutions, LLC, a leading provider of specialty water and process treatment chemicals, customized engineering solutions, and services. This acquisition is expected to enhance Halliburton’s capabilities to deliver innovative technical solutions to its customers and provide Halliburton with its first chemical manufacturing plant with complete reaction and blending capabilities.
The objective of the report is to present a comprehensive analysis of the Global Hydrogen Sulfide Scavengers Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Hydrogen Sulfide Scavengers Market dynamics, structure by analyzing the market segments and project the Global Hydrogen Sulfide Scavengers Market size. Clear representation of competitive analysis of key players by type, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Hydrogen Sulfide Scavengers Market make the report investor’s guide.
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Global Hydrogen Sulfide Scavengers Market, By Process
• Regenerative
o Monoethanolamine (MEA)
o Diethanolamine (DEA)
o N-methyldiethanolamine (MDEA)
o Diisopropylamine
o Diglycolamine (DGA)
• Non-regenerative Triazine
o Solid Scavengers
o Oxidizing Chemicals
o Aldehydes
o Metal Carboxylates
o Chelates
Global Hydrogen Sulfide Scavengers Market, By Type
• Water-soluble
• Oil-soluble
• Metal-based
Global Hydrogen Sulfide Scavengers Market, By Application
• Onshore
• Offshore
Global Hydrogen Sulfide Scavengers Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Hydrogen Sulfide Scavengers Market
• Schlumberger Limited
• Halliburton
• Baker Hughes
• Nalco Champion
• Hexion
• Arkema S.A.
• Lonza
• SUEZ
• AkzoNobel N.V.
• Axalta Coating Systems
• The Sherwin-Williams Company
• PPG Industries, Inc.
• KAPCI Coatings
• Kansai Paint Co., Ltd.
• Nippon Paint Holdings Co., Ltd.
• The Valspar Corporation
• Berger Paints India Limited
• Asian Paints Limited
• Kansai Nerolac Paints Limited
• SOMAR
• BASF SE
• RPM International Inc.
• DuluxGroup Limited
• Marpol Private Limited.
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