A predicted CAGR of 5.7% is a testament to the moderate growth that the gas treating amine market will observe over the next ten years. Total gas treating amine sales are set to increase from USD 3,234.4 million in 2024 to USD 5,630.5 million by 2034.
Gas-treating amine usage remains particularly high in the oil and gas sector. The latest gas treating amine industry analysis estimates the target segment to advance at 4.3% CAGR from 2024 to 2034.
| Attributes | Key Insights |
|---|---|
| Base Value in 2023 | USD 3,060.0 million |
| Global Gas Treating Amine Market Size in 2024 | USD 3,234.4 million |
| Gas Treating Amine Market Value in 2034 | USD 5,630.5 million |
| Value-based CAGR (2024 to 2034) | 5.7% |
| Collective Value Share: Top 5 Countries (2024E) | 56.5% |
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Market to Grow Nearly 1.8X through 2034
The global gas treating amine industry is forecast to grow nearly 1.8X through 2034, amid a 1.1% increase in predicted CAGR compared to the historical one. This is due to the growing demand for gas-treating amines from industries like water treatment, oil & gas, pharmaceutical, and chemical processing.
Global sales of gas-treating amines will also rise due to rapid population growth, escalating demand for natural gas, and shale gas exploration boom. By 2034, the total market revenue is set to reach USD 5,630.5 million.
East Asia Presents a Good Opportunity for Gas Treating Amine Manufacturers
As per the latest analysis, East Asia will emerge as the top consumer of gas treating amines globally. It is set to hold around 46.8% of the global gas treating amine market share in 2034. This is attributed to the following factors:
Increasing Energy Demand: East Asia’s growing population and rapid industrialization means more energy consumption is occurring. Gas-treating amines help purify natural gas, an important energy source for many industrial applications, for their functioning, making them essential for meeting the rising demand.
High Investment in Infrastructure Development: Countries in East Asia are focusing on building pipelines and gas processing facilities. This is creating demand for gas-treating amines as they play a key role in maintaining the integrity of these infrastructures by removing impurities from the transported natural gas.
Rising Industrialization: With the fast-paced growth in industrialization in East Asia, there is an increasing need for various chemicals and materials derived from natural gas. Gas treating amines play a leading role in purifying the natural gas for it to be used as feedstock in the production of chemicals for various industries.
Monoethanolamide (MEA) Showcases Stable Demand in the Market
As per the report, monoethanolamide (MEA) will continue to dominate the global gas treating amine industry, with a volume share of about 38.9% in 2024. This can be attributed to rising adoption of monoethanolamide for removing gases such as hydrogen sulfide and carbon dioxide from gas streams.
Monoethanolamide (MEA) is in high demand in the market due to its excellent properties and wide range of applications. The chemical is good at removing unwanted gases like H2S and CO2 from natural gas and other chemical processing applications.
The popularity of MEA is due to its effectiveness and efficiency. It requires a minimum amount of energy for its functioning, which provides a great cost-effective approach and reduces its environmental impact.
MEA is known for its high selectivity and efficiency in removing acid gases. It can also work at higher temperatures than similar chemicals, giving it a significant advantage over other gas-treating amines.
Gas treating amines play a lead role in various industries for the purification of natural gas. They are widely used for removing unwanted gases like carbon dioxide and hydrogen sulfide from various gas streams, thereby fueling their demand.
Growing adoption of gas-treating amines in refineries, natural gas processing plants, and petrochemical facilities is fueling their sales. These organic compounds are widely used in amine gas treating process, also called amine scrubbing, to remove unwanted gases.
Gas-treating amine chemicals are used to remove impurities such as hydrogen sulfide and carbon dioxide from various gases and chemical streams. They help industries meet environmental compliance, enhancing safety and improving product quality.
The increasing demand for natural gas and stringent environmental regulations are set to propel the gas treating amine market growth. With a growing global population and industrialization, the demand for clean and efficient energy sources like natural gas is rising. Gas-treating amines play a significant role in purifying natural gas, making it suitable for various industries and residential and commercial applications.
The implementation of stringent environmental regulations to mitigate air pollution and greenhouse gases is set to propel demand for gas-treating amines. These amines help industries comply with strict environmental and government regulations.
The growing emphasis on cleaner and more sustainable energy sources is pushing the demand for gas-treating amines globally. These amines help ensure the purity and safety of natural gas and other gases used in industrial processes.
In the oil & gas industry, gas-treating amines are used for the purification process. They help in purifying the natural gas extracted from the reservoirs. They are used to remove sulfur compounds and other components to meet the pipeline specification and ensure safe transportation and processing.
Gas-treating amines play a significant role in chemical processing. They are employed for the purification of feedstock and intermediates like ethylene and propylene by removing impurities and dirt that can degrade catalysts and affect product quality.
Principal Consultant
Global sales of gas treating amines grew at a CAGR of 4.6% between 2019 to 2023. Total market revenue reached about USD 3,060.0 million in 2023. In the forecast period, the worldwide gas treating amine industry is set to thrive at a CAGR of 5.7%, displaying a 1.1% spike from the historical period.
| Historical CAGR (2019 to 2023) | 4.6% |
|---|---|
| Forecast CAGR (2024 to 2034) | 5.7% |
The global gas treating amine market witnessed steady growth between 2019 to 2023. This was due to increased demand in certain key industries like oil and gas and chemical processing. The characteristics of gas-treating amines played a pivotal role in maintaining their demand globally.
Future Scope of the Gas Treating Amine Market:
In the next ten years, FMI estimates the global market to record steady growth, with a total valuation reaching USD 5,630.5 million by 2034. Escalating demand for natural gas, robust urbanization, and rising oil & gas exploration and production activities will spur this growth.
The rising application of gas-treating amines in industries like pharmaceuticals, oil and gas, food and beverages, chemical processing, and others is set to fuel demand. Subsequently, enforcement of stringent environmental regulations will support market expansion.
Escalating Energy Needs Globally
Rising energy needs across the world are acting as a catalyst triggering gas-treating amine sales. Factors such as growing population and rapid industrialization are resulting in increasing energy consumption. This, in turn, will boost the growth of the gas-treating amine market.
Gas-treating amines play an important role in meeting high energy demand by ensuring the purity and safety of natural gas. The purification process optimizes the performance of natural gas and helps in maintaining environmental regulations.
By selectively removing these impurities like CO2 and hydrogen sulfide, gas-treating amines enhance the quality and safety of natural gas, making it suitable for use in various industries. Thus, high consumption of natural gas in sectors like petrochemicals, power generation, and manufacturing will positively impact sales growth.
Strict Environmental Regulations to Boost Demand for Gas Treating Amines
The strict environmental regulations imposed by governments globally have encouraged industries to minimize their emission of harmful pollutants to protect air quality and mitigate air pollution. This is putting gas treating amines into the spotlight.
Industries ranging from oil and gas to manufacturing rely on gas-treating amines to meet the emission standards set by the regulatory bodies. By helping to purify gases, these amines significantly improve air quality and reduce the emission of greenhouse gases into the environment.
Gas treating amines are important in achieving compliance with set environmental regulations. These gases effectively help in removing contaminants such as H2S and CO2 from industrial gas streams.
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Regular Maintenance Cost of Gas Treating Amine Plants and Systems
The operational and maintenance costs significantly restrain the growth of the gas-treating amine industry. The regular maintenance required by gas-treating plants, including replenishing amine solution, monitoring process conditions, and maintaining other equipment, incur extra maintenance costs.
The maintenance cost can be hefty for large-scale and medium-scale facilities handling large gas volumes. The high operational costs associated with gas-treating amine plants can impact their profitability and competitiveness in the market.
The need for frequent replacement of amine solutions adds to the recurring cost of gas-treating solutions. The continuous monitoring of process conditions is essential to ensure operational efficiency and regulatory compliance. Other operational expenses include inspections, repairs, and replacements.
Availability of Alternate Technologies for Purification
The availability of alternate gas purification technology represents a major restraining block on the growth of amine scrubbing market. Technologies like membrane separations and other adsorption processes offer a good alternative to traditional gas-treating amine systems.
Many alternative technologies provide efficient means of removing contaminants from gas streams while offering other benefits, such as lower operational costs and improved process flexibility. High adoption of these technologies could result in reduced gas treating amine demand.
The availability of alternative technologies introduces competition to the gas treating amine sector. Industries may opt for alternative gas purification technology for their cost effectiveness, thereby negatively impacting the target market.
The table below highlights key countries’ gas treating amine market revenues. China, India, and the United States remain the top three consumers of gas treating amines, totaling valuations of USD 783.2 million, USD 515.33 million, and USD 491.18 million, respectively, in 2034.
| Countries | Gas Treating Amine Market Revenue (2034) |
|---|---|
| China | USD 783.20 million |
| India | USD 515.33 million |
| United States | USD 491.18 million |
| South Korea | USD 411.73 million |
| Russia | USD 202.82 million |
The table below shows the estimated growth rates of the top five countries. India, China, and South Korea are set to record high CAGRs of 6.2%, 5.8%, and 5.5%, respectively, through 2034.
| Countries | Gas Treating Amines CAGR (2024 to 2034) |
|---|---|
| India | 6.2% |
| China | 5.8% |
| South Korea | 5.5% |
| Russia | 3.7% |
| United States | 2.2% |
Rising penetration of industrialization in India is turning the nation into a hotbed for gas treating amine manufacturers. Further expansion will result in sales of gas treating amines soaring at 6.2% CAGR.
By 2034, the gas treating amine market size is set to reach USD 515.33 million. This growth will be supported by factors like the expansion of the oil and gas industry, rising energy consumption, and the growing pharmaceutical sector.
India, being one of the fastest-growing economies, is witnessing rapid industrialization and urbanization development. These developments are creating a high demand for gas-treating amines.
India’s oil and gas industry is experiencing rapid growth to meet the energy requirements of the growing population and booming industries. This, in turn, is forecast to propel sales of gas treating amines as they have become essential for purification in gas processing plants.
The government has implemented various initiatives to promote domestic oil and gas production. This will likely uplift gas treating amine demand as they are vital in gas processing facilities to remove impurities such as hydrogen sulfide (H2S) and other gases.
China leads from the forefront when it comes to gas treating amine consumption, with sales set to soar at a CAGR of 5.8%. Courtesy of this sales growth, China gas treating amine market revenue is forecast to total USD 783.20 million by 2034.
In recent years, China has implemented stringent environmental regulations to fight air pollution, reduce greenhouse gas emissions, and improve air quality. Gas-treating amines play a key role in helping industries adhere to these regulations by removing harmful pollutants from gas streams.
Gas-treating amines help lower the impact of air pollutants on the environment. As the crackdown on industries to reduce air pollution continues to escalate, there will be an uptick in demand for gas treating amines across China.
China has made massive investments in infrastructure development, including pipelines, LNG terminals, and gas processing facilities. This is further propelling the demand for gas treating amines in the country.
Large investments are being made to improve the country's energy sector, promote cleaner fuel sources, and support economic growth. Gas-treating amines are essential for ensuring the efficient purification of natural gas for distribution and consumption, supporting China's ambitious infrastructure projects.
Gas treating amines also find applications in pharmaceutical and chemical processing industries. In pharmaceutical manufacturing, gas treating amines are used for gas purification to ensure the quality and safety of gases used in various production processes.
In chemical processing plants, gas-treating amines help remove impurities from process gases to maintain product quality and improve production efficiency. The growth of these industries in China will positively impact gas treating amine sales.
The section below shows the gas treating amines monoethanolamine (MEA) segment dominating the market and will record a 4.3% CAGR between 2024 and 2034. Based on end-use, the oil and gas segment is forecast to progress at a CAGR of 4.1%.
| Top Segment (Product Type) | Monoethanolamine (MEA) |
|---|---|
| CAGR (2024 to 2034) | 4.3% |
Monoethanolamine (MEA) remains the most preferred product among end users for treating gas. This is due to their excellent properties, including high efficiency and cost-effectiveness. As per the latest analysis, Monoethanolamine (MEA) demand is slated to rise at 4.3% CAGR.
MEA exhibits good selectivity for acidic gases such as hydrogen sulfide (H2S) and carbon dioxide (CO2). Its chemical structure allows it to react with these acidic impurities, resulting in efficient removal from gas streams.
Monoethanolamine (MEA) is a versatile compound that can be used in a wide range of gas purification processes, including natural gas sweetening, biogas upgrading, and carbon capture and storage (CCS). Its compatibility with different operating conditions and gas compositions makes it a preferred choice for various applications.
MEA can be easily regenerated through thermal or chemical processes, allowing for the recovery and reuse of the amine solution. This regeneration capability translates to lower operational costs and reduced environmental impact compared to disposable alternatives.
| Top Segment (End-use) | Oil & Gas |
|---|---|
| CAGR (2024 to 2034) | 4.1% |
When it comes to gas treating amine usage, the oil & gas industry leads from the forefront. The latest report estimates gas treating demand in the oil and gas sector to grow at a CAGR of 4.1% from 2024 to 2034. This is due to growing popularity of amine treatment in the oil & gas industry.
In the oil and gas industry, gas-treating amines are important in ensuring the quality and safety of natural gas extracted from reservoirs. Natural gas often contains impurities such as hydrogen sulfide (H2S) and carbon dioxide (CO2), which must be removed to meet pipeline specifications and regulatory standards.
Gas-treating amines also play an important role in sour gas treatment. As natural gas contains a high concentration of H2S, the sour gas treatment uses special gas-treating amines to remove H2S from the gas stream, which prevents corrosion in pipelines and equipment.
The global gas treating amine market is consolidated, with leading players accounting for about 40% to 45% share. Huntsman, Amines & Plasticizers Ltd, Schlumberger SLB, Ineos Oligomer, Axens, Vaisala, Clariant, Shell, Dow, Pall Corporation, and others are the leading manufacturers and suppliers of gas-treating amines listed in the report.
Key gas treating amine manufacturers are investing in continuous research for producing new amines for targeted applications. They are also concentrating on developing greener solvents to minimize environmental impact.
New production technologies are gradually replacing old ones as demand for gas treating amines surges. Similarly, strategies like partnerships, mergers, distribution agreements, acquisitions, and facility expansions are becoming common as companies look to strengthen their presence.
Recent Developments in Gas Treating Amine Market:
| Attribute | Details |
|---|---|
| Market Size in 2024 | USD 3,234.4 million |
| Market Value in 2034 | USD 5,630.5 million |
| Growth Rate (2024 to 2034) | 5.7% |
| Historical Data | 2019 to 2023 |
| Forecast Period | 2024 to 2034 |
| Quantitative Units | Value (USD million) and Volume (metric tons) |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Market Segments Covered | Product Type, End-use, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; East Asia; South Asia & Pacific; Middle East & Africa |
| Key Countries Covered | United States, Canada, Mexico, Brazil, Germany, Italy, France, United Kingdom, Spain, BENELUX, NORDICS, Poland, Hungary, Balkan and Baltics, Russia, India, Association of Southeast Asian Nations, Australia and New Zealand, China, Japan, South Korea, Kingdom of Saudi Arabia, Other GCC Countries, Türkiye, Other African Union, South Africa |
| Key Companies Profiled | Huntsman; Amines & Plasticizers Ltd; Sterling Auxiliaries Pvt ltd; Schlumberger SLB; Ineos Oligomer; Bechtel; Axens; KinderMorgan; Vaisala; EPCM Holdings; Clariant; Shell; Sintez; Dow; Pall Corporation; Chiyoda Corp; Evonik; BASF; LEWA; Alkyl Amines |
The global market value is set to total USD 3,234.4 million in 2024.
Global gas treating amine demand is predicted to rise at 5.7% CAGR.
The global gas treating amine market size is forecast to reach USD 5,630.5 million by 2034.
Oil and gas.
Amine gas treatment or amine scrubbing is the process of removing unwanted compounds from industrial gasses.
Monoethanolamine (MEA), diethanolamine (DEA), and methyl diethanolamine (MDEA).
H2S amine treatment is the process of removing H2S from gas streams using amines.
Amines are used to remove H2S and CO2 from sour gas generated in refineries.
Rich amines are regenerated through amine regeneration process.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. Global Market Demand Analysis 2019 to 2023 and Forecast, 2024 to 2034 6. Global Market - Pricing Analysis 7. Global Market Demand (in Value or Size in US$ million) Analysis 2019 to 2023 and Forecast, 2024 to 2034 8. Market Background 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type 9.1. Monoethanolamine (MEA) 9.2. Diethanolamine (DEA) 9.3. Methyl Diethanolamine (MDEA) 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use 10.1. Water Treatment 10.2. Oil & Gas 10.3. Textile 10.4. Pharmaceuticals 10.5. Chemical Processing 10.6. Others 10.7. Coating 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 11.1. North America 11.2. Latin America 11.3. East Asia 11.4. South Asia Pacific 11.5. Western Europe 11.6. Eastern Europe 11.7. Middle East and Africa 12. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 13. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 15. South Asia Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034 16. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034 17. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034 18. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034 19. Country-wise Market Analysis 20. Market Structure Analysis 21. Competition Analysis 21.1. Huntsman 21.2. Amine & Plasticizers Ltd 21.3. Sterling Auxiliaries Pvt ltd 21.4. Schlumberger SLB 21.5. Ineos Oligomer 21.6. Bechtel 21.7. Axens 21.8. KinderMorgan 21.9. Vaisala 21.10. EPCM Holdings 21.11. Clariant 21.12. Shell 21.13. Sintez 21.14. Dow 21.15. Pall Corporation 21.16. Chiyoda Corp 21.17. Evonik 21.18. BASF 21.19. LEWA 21.20. Alkyl Amine 21.21. Other Key Players 22. Primary Insights 23. Assumptions and Acronyms Used 24. Research Methodology
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Gas Treating Amine Market
