Global Hydrogen Sulfide market is estimated to be worth US$ 89.6 million by the end of 2023

Global Hydrogen Sulfide market is estimated to be worth US$ 89.6 million by the end of 2023 QYRESEARCH FOCUS ON MARKET SURVEY AND RESEARCH

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Hydrogen sulfide is a colorless, flammable, extremely hazardous gas with a “rotten egg” smell. It occurs naturally in crude petroleum, natural gas, and hot springs. In the report, we count hydrogen sulfide existing as a liquid compressed gas. We mainly cover high purity hydrogen sulfide.

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The global production of hydrogen sulfide increased from 5823.9 tons in 2012 to 6794.1 tons in 2016, at a CAGR of 3.93%. In 2016, the global hydrogen sulfide market is led by Europe. USA is the second-largest region-wise market. At present, the major manufacturers of hydrogen sulfide are concentrated in Europe, USA and China. Air Liquide is the world leader, holding 36% production market share in 2016.

The countries of China and Rest of the World largely depend on these regions for import of hydrogen sulfide to meet their internal demand. The Linde Group, Praxair, Air Products and Chemicals, Messer Group and Matheson Tri-Gas are both key players in the global market. The global hydrogen sulfide market that was valued at US$ 69.8 million in 2016 and is estimated to be worth US$ 89.6 million by the end of 2023, registering growth at an impressive CAGR of 3.65%. www.qyresearch.com

QYResearch Hydrogen sulfide is used as a dopant for indium phosphide and gallium arsenide semiconductors, and as a precursor for the growth of zinc sulfide semiconductors, also used as an analytical reagent in chemical analysis and as an odourant in town gas. Hydrogen sulfide is used for metal separation, removal of metallic impurities and for preparation of metallic sulfide.

Hydrogen sulfide is used in calibration mixtures for the petrochemical industry and emission control applications. The demand for hydrogen sulfide is expected to continue increasing during the remaining years of the forecast period of 2018-2023. Hydrogen sulfide industry will usher in a stable growth space.

From 2012-2016, the price of hydrogen sulfide has decreased and we expect the price will slightly lower in the future. www.qyresearch.com

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As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. With the snatch for market share in emerging regions, the competition in hydrogen sulfide industry will become more intense.

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