황 회수 기술 시장 예측(-2030년) : 기술별, 용도별, 최종사용자별, 지역별 세계 분석

According to Stratistics MRC, the Global Sulfur Recovery Technology Market is accounted for $1.4 billion in 2023 and is expected to reach $3.4 billion by 2030 growing at a CAGR of 13.1% during the forecast period. Sulfur recovery technology refers to the methods and processes used to recover elemental sulfur from various sulfur-containing compounds found in natural gas, crude oil, and other hydrocarbon feedstocks. Sulfur recovery is crucial for environmental and economic reasons. Sulfur compounds are harmful to the environment, contributing to acid rain and pollution, so they must be removed from hydrocarbon streams before they are released into the atmosphere. Additionally, sulfur is a valuable commodity used in various industrial processes, so recovering it allows for its reuse or resale.

Market Dynamics:

Driver:

Increasing demand for refined petroleum products

The market is witnessing a surge in demand for refined petroleum products, driven by various factors including industrial expansion, urbanization, and increased transportation needs. This demand escalation underscores the critical role of sulfur recovery technologies in ensuring compliance with environmental regulations while maximizing the yield of valuable petroleum derivatives. As industries strive for sustainable practices, the market is expected to grow substantially in response to the rising demand for cleaner energy solutions.

Restraint:

Availability of alternative technologies

With increasing environmental concerns, industries are exploring alternatives like bio-desulfurization, which offer lower environmental impact and cost-effectiveness. The emergence of renewable energy sources reduces reliance on traditional sulfur-producing processes, impacting the demand for sulfur recovery technologies. Striving for efficiency, scalability, and environmental sustainability becomes imperative in navigating this challenge and ensuring continued relevance in the evolving energy landscape. Thus, the market faces challenges due to the availability of alternative technologies.

Opportunity:

Increasing oil and gas production

The growing demand for oil and gas has spurred advancements enhancing production efficiency and environmental sustainability. Innovations such as claus process optimization and tail gas treatment units from recovered sulfur compounds are driving increased yields. Additionally, the adoption of next-generation catalysts and membrane technologies is improving sulfur recovery rates while minimizing energy consumption and emissions. This burgeoning market is witnessing heightened investment in research and development, bolstering global oil and gas production while mitigating environmental impact.

Threat:

Volatility in crude oil prices

Fluctuations in oil prices directly influence the economics of sulfur recovery processes, as sulfur is often a byproduct of oil refining. When oil prices are high, there is increased demand for sulfur recovery technologies to maximize profitability. Conversely, during periods of low oil prices, investment in sulfur recovery may decrease as refineries prioritize cost-cutting measures. This volatile environment creates challenges for companies operating in the sulfur recovery sector, hampers the growth of the market.

Covid-19 Impact:

The COVID-19 pandemic significantly impacted the Sulfur Recovery Technology market due to disruptions in industrial operations and reduced energy demand. Lockdowns, supply chain interruptions, and reduced oil and gas production led to a slowdown in new installations and maintenance activities. However, increasing environmental regulations and the gradual recovery of industrial activities post-pandemic are expected to drive market growth as industries seek efficient sulfur recovery solutions to comply with emission standards and optimize production processes.

The super claus process segment is expected to be the largest during the forecast period

The super claus process segment is expected to be the largest during the forecast period. This innovative process is renowned for its superior efficiency in removing sulfur compounds from various feed gases, particularly in oil refining and gas processing industries. By employing a series of catalytic reactions, the process achieves remarkably high sulfur recovery rates, ensuring compliance with stringent environmental regulations while optimizing resource utilization. Its widespread adoption underscores its significance in mitigating sulfur emissions and enhancing operational sustainability within industrial operations.

The chemical industry segment is expected to have the highest CAGR during the forecast period

The chemical industry segment is expected to have the highest CAGR during the forecast period due to implementation of processes to efficiently recover sulfur compounds from various sources, including oil and gas refining operations. This technology plays a crucial role in reducing sulfur emissions, meeting environmental regulations, and maximizing resource utilization. Key players in this market continually innovate to enhance efficiency, reduce costs, and minimize environmental impact, driving sustainable practices within the chemical industry.

Region with largest share:

North America is projected to hold the largest market share during the forecast period. Technological advancements, particularly in the development of efficient sulfur recovery processes, are further fueling market expansion. Key players are investing in research and development to enhance the efficiency and sustainability of sulfur recovery technologies, while partnerships and collaborations are fostering innovation and market competitiveness. This dynamic landscape is projected to sustain robust growth in the market.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period due to various factors such as increasing industrialization, stringent environmental regulations, and the rising demand for clean fuels. Several countries in the region have significant industrial sectors, such as oil and gas, petrochemicals, and refining, which generate sulfur-containing gases. Key players in the market include engineering and construction companies, technology providers, and equipment manufacturers.

Key players in the market

Some of the key players in Sulfur Recovery Technology market include Royal Dutch Shell, John Wood Group Plc., The Linde Group, Jacobs Engineering Group Inc., Chiyoda Corporation, Worley Parsons Ltd, GTC Technology, Fluor Corporation, Nitech Company Ltd., General Electric Company, Sulphur Experts Inc., Haldor Topsoe A/S and MKS Instruments, Inc.

Key Developments:

In July 2021, Chiyoda Corporation introduced the "COSMO-RS," a revolutionary Sulfur recovery technique. The technique used by this technology is distinct, enabling higher Sulfur recovery rates and fewer greenhouse gas emissions.

In February 2021, Jacobs Engineering Group Inc introduced "SULFUR-X," a revolutionary Sulfur recovery technology. With the help of a cutting-edge method, this technology enables greater Sulfur recovery rates and lower emissions.

Technologies Covered:

• Tail Gas Treatment
• Claus Tail Gas Incineration
• Claus Process
• Modified Claus Process
• Super Claus Process
• Other Technologies

Applications Covered:

• Refining
• Natural Gas Processing
• Mining
• Other Applications

End Users Covered:

• Chemical Industry
• Oil & Gas Industry
• Fertilizer Industry
• Petrochemical Industry
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Technology Analysis
• 3.7 Application Analysis
• 3.8 End User Analysis
• 3.9 Emerging Markets
• 3.10 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Sulfur Recovery Technology Market, By Technology

• 5.1 Introduction
• 5.2 Tail Gas Treatment
• 5.3 Claus Tail Gas Incineration
• 5.4 Claus Process
• 5.5 Modified Claus Process
• 5.6 Super Claus Process
• 5.7 Other Technologies

6 Global Sulfur Recovery Technology Market, By Application

• 6.1 Introduction
• 6.2 Refining
• 6.3 Natural Gas Processing
• 6.4 Mining
• 6.5 Other Applications

7 Global Sulfur Recovery Technology Market, By End User

• 7.1 Introduction
• 7.2 Chemical Industry
• 7.3 Oil & Gas Industry
• 7.4 Fertilizer Industry
• 7.5 Petrochemical Industry
• 7.6 Other End Users

8 Global Sulfur Recovery Technology Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.7 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.6 Middle East & Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 UAE
  • 8.6.3 Qatar
  • 8.6.4 South Africa
  • 8.6.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 Royal Dutch Shell
• 10.2 John Wood Group Plc.
• 10.3 The Linde Group
• 10.4 Jacobs Engineering Group Inc.
• 10.5 Chiyoda Corporation
• 10.6 Worley Parsons Ltd
• 10.7 GTC Technology
• 10.8 Fluor Corporation
• 10.9 Nitech Company Ltd.
• 10.10 General Electric Company
• 10.11 Sulphur Experts Inc.
• 10.12 Haldor Topsoe A/S
• 10.13 MKS Instruments, Inc.