Overview
Sulphur is widely used in petroleum industries as it helps in gaining traction across various industry segments. In the current scenario, sulphur is recovered as a byproduct of oil & gas industry followed by coal gasification. Sulphur recovery is a process of harnessing sulphur from hydrogen sulphide. It ranks for its large volume and ready availability and as the most abundant element in the world. Its end use application is required in fertilizers, rubber, cosmetics and pharmaceutical industries. It needs to be eliminated during the coal gasification & extraction process in order to avoid catalyst poisoning & prevent fouling. Hydrogen sulphide (H2S) has its presence in a number of gaseous waste streams from oil refineries, natural gas plants and wastewater treatment among other processes. These streams usually contain sulphur, water vapour, carbon dioxide, trace quantities of hydrocarbons and ammonia. Waste gases with ammonia and sulphur are termed as sour gases, whereas those without the presence of ammonia are referred to as acid gases. These waste streams are used to recover sulphur just before flaring them. Sulphur recovery from sour or acid gas involves application of the Claus Process using the reaction between hydrogen sulphide and sulphur dioxide (produced in the Claus Process furnace from the combustion of H2S with air and/or oxygen).
The conventional sulphur recovery process (Claus Thermal Stage and Claus Catalytic Stage) is based upon the extraction of sulphur by in-situ condensation within the Claus Reactor. The laws pertaining to air pollution are stringent. Based on these laws lower grade fuel is required to be refined with minimum sulphur concentration. This is one of the prime factors which is expected to drive the global sulphur recovery Market. It is estimated that the world population is about to double in the next decade which will eventually lead to increase in food demand.
Therefore, the soil is required to be much nutrient in order to serve the food demands in the near future. Sulphur is one of the most significant nutrients for plants, which means, deficiency of sulphur in plants will directly affect the crop yield. Therefore, sulphur removal technologies need to be undertaken with sincere concerns in order to ensure sustainability. The driving factor responsible for the growth of sulphur recovery market includes growing demand for sulphur across various industry verticals. Additionally, growth in end-use industries is contributing to the growth of sulphur recovery technology. Growth opportunities in farm fertilizer and mining sectors are also adding to the growth of sulphur recovery technologies market. However, a huge gap of demand and supply limits the market growth plus slowing demand for sulphur in developed countries is another market restraint. Global sulphur recovery market can be segmented into Claus Process and Tail Gas Treatment. Claus process segment dominated the global sulphur recovery market. Growing requirement of single stage Claus plants to expand into corresponding multi-stage plants owing to the strict environmental regulations is mainly driving the market. The Claus process is the primary method of sulphur recovery. Before the Paris Agreement on Climate Change which concluded in December 2015, most of the refineries globally had infrastructure with single stage Claus plant for sulphur recovery. This is capable of recovering up to 92% of sulphur depending on the internal processes involved. With stricter environmental regulations now in place, there is a requirement of single stage Claus plants to expand into corresponding multi-stage plants. There is a close battle between the Claus process and tail gas treatment in the sulphur recovery market with the former edging ahead. However, it would be unwise to ignore the tail gas treatment segment entirely in the sulphur recovery technology market as companies are focusing on it as well. For e.g. – BASF has introduced tail gas treatment technology to increase plant efficiency and reduce sulphur technology. This helps decrease sulphur emissions and lowers operational expenditure because of lesser amine circulation rates and reboiler duties. Global sulphur recovery market can be segregated into Gas and Oil. The gas type segment has a largest market share of approx. two thirds of the global sulphur
recovery market and is poised to lose 210 BPS going forward. However, gas recovery is unlikely to cede its pole position in the sulphur recovery market. An incremental dollar opportunity can be tapped in the gas recovery segment of the sulphur recovery market. Increasing production and exploration activity, particularly in respect of shale gas, is fuelling demand for sulphur recovery units in refineries. Gas refining has great potential in the Middle East, Central Asia, and East Asia. However, the oil segment is estimated to be the important segment of sulphur recovery technology estimated to record maximum growth during the forecast period. Global sulphur recovery market can be categorized into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Asia Pacific is the Largest Region in the Global Sulphur Recovery Technology Market. Asia Pacific is the most attractive market because of healthy growth rate and increasing environmental concerns and government regulations in the region. High growth potential for the development of sulphur recovery is observed in economies such as India, China, Malaysia, South Korea and Indonesia. China and India are the largest markets for sulphur recovery in the Asia Pacific region, collectively contributing more than half of the regional demand. In 2017, China alone accounted for major market share of the regional demand of sulphur recovery technology market. In 2016, the average gravity of crude oil processed in the region is projected to decrease from 35.9 °API (The American Petroleum Institute gravity) to 35.4 °API and corresponding sulphur content will increase during the forecast period. North America was the second largest market for sulphur recovery in 2017 and is expected to maintain its position throughout the forecast period. Increasing concern about the sulphur content in processed fuels and natural gas is leading to tighter regulation and more stringent standards for sulphur emission from processing facilities in North America. Middle-East and African regions are expected to grow at a substantial rate. The major oil fields have been operating in Canada, Russia, Middle-East and Africa. The presence of large multinationals is making sulphur recovery systems more accessible to the end-users. Moreover, the launch of new technologies and systems with higher percentage of recovery is stimulating the market growth.
Mergers and Acquisitions are the Key Strategies Adopted by the manufacturers. Key players operating in the global sulphur recovery market includes Royal Dutch Shell, Jacobs Engineering Group Inc., Exxon Mobil, The Linde Group, Chiyoda Corporation, and John Wood Group Plc. On 1st March 2016, Fluor Corp. acquired the Netherland based Stork Holding B.V. which is a global provider of modification, maintenance and asset integrity services. Through this, Fluor can strengthen its market position in geographies such as U.K, Continental Europe, the Middle East, Asia-Pacific and the Americas. On 9th October, 2017, John Wood Group PLC which is a global leader in delivery of engineering, project and technical services to industrial and energy markets acquired Amec foster Wheeler.
Major players in the Market are identified through secondary research and their Market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and Marketing executives. The percentage splits, Market shares, growth rate and breakdowns of the product Markets are determined through using secondary sources and verified through the primary sources.
Inquiry about report OR ask for Sample Report @ https://www.profsharemarketresearch.com/inquiry/sulphur-recovery-marketreport-inquiry/ Global Sulphur Recovery Market: Product Type Claus Process Tail Gas Treatment Global Sulphur Recovery Market: Application Gas Oil Global Sulphur Recovery Market: Competitive Analysis Royal Dutch Shell Jacobs Engineering Group Inc. Exxon Mobil The Linde Group Chiyoda Corporation John Wood Group Plc. Technip FMC Flour Corporation GTC Technology US CB&I Sunway Petrochemical Engineering Amec Foster Wheeler Worley Parsons Ltd. Sulphur Recovery Market: Regional Analysis North America U.S.A Canada Europe France Germany
Spain UK Rest of Europe
Asia Pacific China Japan India South East Asia Latin America Brazil Middle East and Africa
Access Full Report @ https://www.profsharemarketresearch.com/sulphur-recovery-market/ Sulphur Recovery Market Report delivers comprehensive analysis of : Market Forecast for 2019-27 Market growth drivers Challenges and Opportunities Emerging and Current market trends Market player Capacity, Production, Revenue (Value) Supply (Production), Consumption, Export, Import analysis End user/application Analysis About Profshare Profshare Market Research is a full service market research company that delivers in depth market research globally. We operate within consumer and business to business markets offering both qualitative and quantitative research services. We work for private sector clients, along with public sector and voluntary organisations. Profshare Market Research publishes high quality, in-depth market research studies, to help clients obtain granular level clarity on current business trends and expected future developments. We are committed to our client’s needs,
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