The global sulphur recovery technology market is anticipated at US$ 1.3 billion in 2022. Demand is likely to remain high for sulphur recovery technology during the assessment period. this is due to the rapid technological advancement & rapidly growing oil & gas industry garnering US$ 4.2 billion in 2033, recording a CAGR of 11.1% from 2023 to 2033. The market is likely to secure US$ 1.48 billion in 2023.
| Data Points | Key Statistics |
|---|---|
| Sulphur Recovery Technology Market Size Value in 2023 | US$ 1.48 billion |
| Sulphur Recovery Technology Market Forecast Value in 2033 | US$ 4.2 billion |
| Global Growth Rate | 11.1% CAGR |
| Forecast Period | 2023 to 2033 |
Key Factors Shaping the Demand Outlook of the Sulphur Recovery Technology Industry:
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| Historical CAGR (2018 to 2022) | 8.7% |
|---|---|
| Forecasted CAGR (2023 to 2033) | 11.1% |
Future Market Insights in its recent study predicts that the sulphur recovery technology market will grow 1.5x its current value during the forecast period owing to increasing demand for modernizing the air treatment and oil and gas facilities along with strict regulations to limit the sulphur dioxide emission exceeding the prescribed limits.
International Maritime Organization enforced its IMO 2020 regulations from 1st January 2020 which restricts the amount of sulphur in ship’s fuel oil to 0.50%. The regulation was implemented across the globe under the complementary International Convention for the Prevention of Pollution from Ships (MARPOL) treaty to decrease the sulphur oxides level in the air and improve the environment and human health.
With the implementation of stringent regulations across the globe regarding sulphur emission as well as sulphur levels in gasoline and other products, a rise in demand for sulphur recovery technological solutions can be expected in forthcoming years.
Shell Inc. recently developed a modern tail gas treating solution technology “CANSOLV TGT+” which captures around 99.99% of the overall sulphur present in a tail gas stream while simplifying the process line-up. The system itself has extremely low sulphur dioxide emission and captures all sulphur particles that are routed towards the incinerator.
DuPont Clean Technologies (DuPont) recently launched an advanced steam plume suppression solution called Sennuba™ plume suppression technology used in sulphur recovery unit applications.
Extensive research and development among leading market players to launch novel tail gas treating technologies to curb sulphur emission will accelerate the sulphur recovery technology market growth.
Gas Sulphur Technology to Capture High Market Share
Increasing activities for exploration and production of shale gas are creating positive prospects, and are boosting demand for sulphur recovery technology units from refineries.
Major gas refining activities in the Middle East, Central Asia, and East Asia are increasing, leading to a rise in the production of recovered sulphur from gas refining activities.
Stringent norms and regulations pertaining to regulations on sulphur are boosting the growth of the sulphur recovery technology market.
Upgradation of Tail Gas Treatment Technology to Propel Market Growth
Increasing occurrences of hydrogen sulphide-rich feed streams influence sulphur recovery unit manufacturers to upgrade and modify their offerings to meet standards that limit the emission of sulphur dioxide.
Hence, most companies are upgrading their tail gas and air treatment technology to capture a significant share of the sulphur recovery technology market.
BASF introduced its new tail gas treatment technology to reduce sulphur content and increase plant efficiency. This technology decreases sulphur emissions from tail gas treatment units and lowers operational expenditure, attributable to the reduced amine circulation rates and reboiler duties.
Principal Consultant
The Rapid Technological Advances to Boost the Growth of the Sulphur Recovery Technology Market in The United States
The global sulphur recovery technology market is expected to be dominated by North America. The global sulphur recovery technology market is expected to be dominated by North America. The market is anticipated to expand at a CAGR of 11% and is expected to accumulate a market value of US$ 3.7 billion over the forecast period. Unites states are expected to account for the largest share of the American region.
The sulphur recovery technology market in North America is mature and well-established, driven by a large refining capacity, abundant natural gas production, and stringent environmental regulations. The region's focus on reducing sulphur emissions and producing low-sulphur fuels creates a significant demand for sulphur recovery technologies. The strong presence of major market players in the United States and Canada provides significant opportunities for market growth.
Growing Petrochemical Industry in the Region to Boost the Growth of the Market
The sulphur recovery technology sales in the United Kingdom are expected to keep rising with a CAGR of 10.9% and are expected to gain a market value of US$ 3.7 billion by the end of the forecast period.
The sulphur recovery technology market in Europe is driven by stringent environmental regulations and efforts to reduce sulphur emissions. The refining and petrochemical industries in Europe extensively utilize sulphur recovery technologies to comply with emissions standards and produce cleaner fuels. European countries like Germany, the United Kingdom, France, and Italy have a notable presence in the sulphur recovery technology market
Growing Environmental Regulation to Drive the Growth of the Market in Asia Pacific.
China’s sulphur recovery technology market is expected to rise at 11.1% CAGR between 2023 to 2033. The market is expected to gain a market value of US$ 3.9 billion by the end of the forecast period. The sulphur recovery technologies are driven by increasing industrial activities, economic development, and environmental regulations.
Countries such as China, India, Japan, South Korea, and Indonesia are major contributors to the market's growth due to their large refining capacities, expanding petrochemical industries, and growing demand for cleaner fuels. The region's abundant sulphur resources and rising energy consumption further fuel the demand for sulphur recovery technologies.
Tail Gas Treatment Segment to Remain Prominent During the Forecast Period
By technology, the sulphur recovery technology market segment includes the Claus process and tail gas treatment. Among these, the tail gas treatment segment is expected to dominate the market in the forecast period. The segment is projected to account for a CAGR of 10.8% during the forecast period.
The treatment of tail gas is crucial for environmental compliance. The tail gas treatment process allows for the further conversion of the remaining H2S in the tail gas into elemental sulfur, increasing the overall sulfur recovery efficiency.
Oil Segment Generates High Revenue
Based on the source of recovery, the market is segmented into oil, gas and other segments. Among all these oil segments remains the application category is expected to expand with a CAGR of 10.7% throughout the forecast period.
Increasing demand for oil in the whole world and oil most amount of sulphur is found so sulphur recovery technologies are required more in the case of Oil. The segment is expected to account for a 50% share of the market during the forecast period.
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Some of the startup players and their recent development in the Sulphur Recovery Technology market are listed below-
Key participants in the sulphur recovery technology market include Bechtel Corporation, Linde AG, Royal Dutch Shell Plc, Exxon Mobil, Jacobs Engineering Group Inc, Technip FMC plc CB&I, Chiyoda Corporation, Worley Parsons Ltd, GTC Technology, and KT-Kinetics Technology SpA.
The global sulphur recovery technology market is characterized as fragmented, on account of the presence of numerous international as well as regional players in the sulphur recovery technology market.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 11.1% from 2023 to 2033 |
| Market Value in 2023 | US$ 1.48 billion |
| Market Value in 2033 | US$ 4.2 billion |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in US$ Billion and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
|
| Regions Covered |
|
| Key Countries Profiled |
|
| Key Companies Profiled |
|
The market will register an 11.1% CAGR through 2033.
Strict environmental rules and advances in crude oil production drive market expansion.
From 2018 to 2022, the market expanded at an 8.7% CAGR.
The United States will expand at an 11% CAGR until 2033.
By 2033, the market will reach US$ 4.2 billion.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Technology, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Technology, 2023 to 2033
5.3.1. Claus Process
5.3.2. Tail Gas Treatment
5.4. Y-o-Y Growth Trend Analysis By Technology, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Technology, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Source of Recovery
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Source of Recovery, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Source of Recovery, 2023 to 2033
6.3.1. Oil
6.3.2. Gas
6.3.3. Others
6.4. Y-o-Y Growth Trend Analysis By Source of Recovery, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Source of Recovery, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Capacity
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Capacity, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Capacity, 2023 to 2033
7.3.1. <100 t/D
7.3.2. 101-200 t/D
7.3.3. 201-300 t/D
7.3.4. >300 t/D
7.4. Y-o-Y Growth Trend Analysis By Capacity, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Capacity, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. MEA
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Technology
9.2.3. By Source of Recovery
9.2.4. By Capacity
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Technology
9.3.3. By Source of Recovery
9.3.4. By Capacity
9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Technology
10.2.3. By Source of Recovery
10.2.4. By Capacity
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Technology
10.3.3. By Source of Recovery
10.3.4. By Capacity
10.4. Key Takeaways
11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. UK
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Technology
11.2.3. By Source of Recovery
11.2.4. By Capacity
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Technology
11.3.3. By Source of Recovery
11.3.4. By Capacity
11.4. Key Takeaways
12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.1.4. Singapore
12.2.1.5. Thailand
12.2.1.6. Indonesia
12.2.1.7. Australia
12.2.1.8. New Zealand
12.2.1.9. Rest of Asia Pacific
12.2.2. By Technology
12.2.3. By Source of Recovery
12.2.4. By Capacity
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Technology
12.3.3. By Source of Recovery
12.3.4. By Capacity
12.4. Key Takeaways
13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. GCC Countries
13.2.1.2. South Africa
13.2.1.3. Israel
13.2.1.4. Rest of MEA
13.2.2. By Technology
13.2.3. By Source of Recovery
13.2.4. By Capacity
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Technology
13.3.3. By Source of Recovery
13.3.4. By Capacity
13.4. Key Takeaways
14. Key Countries Market Analysis
14.1. USA
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2022
14.1.2.1. By Technology
14.1.2.2. By Source of Recovery
14.1.2.3. By Capacity
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2022
14.2.2.1. By Technology
14.2.2.2. By Source of Recovery
14.2.2.3. By Capacity
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2022
14.3.2.1. By Technology
14.3.2.2. By Source of Recovery
14.3.2.3. By Capacity
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2022
14.4.2.1. By Technology
14.4.2.2. By Source of Recovery
14.4.2.3. By Capacity
14.5. Germany
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2022
14.5.2.1. By Technology
14.5.2.2. By Source of Recovery
14.5.2.3. By Capacity
14.6. UK
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2022
14.6.2.1. By Technology
14.6.2.2. By Source of Recovery
14.6.2.3. By Capacity
14.7. France
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2022
14.7.2.1. By Technology
14.7.2.2. By Source of Recovery
14.7.2.3. By Capacity
14.8. Spain
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2022
14.8.2.1. By Technology
14.8.2.2. By Source of Recovery
14.8.2.3. By Capacity
14.9. Italy
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2022
14.9.2.1. By Technology
14.9.2.2. By Source of Recovery
14.9.2.3. By Capacity
14.10. China
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2022
14.10.2.1. By Technology
14.10.2.2. By Source of Recovery
14.10.2.3. By Capacity
14.11. Japan
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2022
14.11.2.1. By Technology
14.11.2.2. By Source of Recovery
14.11.2.3. By Capacity
14.12. South Korea
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2022
14.12.2.1. By Technology
14.12.2.2. By Source of Recovery
14.12.2.3. By Capacity
14.13. Singapore
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2022
14.13.2.1. By Technology
14.13.2.2. By Source of Recovery
14.13.2.3. By Capacity
14.14. Thailand
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2022
14.14.2.1. By Technology
14.14.2.2. By Source of Recovery
14.14.2.3. By Capacity
14.15. Indonesia
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2022
14.15.2.1. By Technology
14.15.2.2. By Source of Recovery
14.15.2.3. By Capacity
14.16. Australia
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2022
14.16.2.1. By Technology
14.16.2.2. By Source of Recovery
14.16.2.3. By Capacity
14.17. New Zealand
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2022
14.17.2.1. By Technology
14.17.2.2. By Source of Recovery
14.17.2.3. By Capacity
14.18. GCC Countries
14.18.1. Pricing Analysis
14.18.2. Market Share Analysis, 2022
14.18.2.1. By Technology
14.18.2.2. By Source of Recovery
14.18.2.3. By Capacity
14.19. South Africa
14.19.1. Pricing Analysis
14.19.2. Market Share Analysis, 2022
14.19.2.1. By Technology
14.19.2.2. By Source of Recovery
14.19.2.3. By Capacity
14.20. Israel
14.20.1. Pricing Analysis
14.20.2. Market Share Analysis, 2022
14.20.2.1. By Technology
14.20.2.2. By Source of Recovery
14.20.2.3. By Capacity
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Technology
15.3.3. By Source of Recovery
15.3.4. By Capacity
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Bechtel Corporation
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. Linde AG
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. Royal Dutch Shell Plc
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. Exxon Mobil
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. Jacobs Engineering Group Inc
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. Technip FMC plc CB&I
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. Chiyoda Corporation
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. Worley Parsons Ltd
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. GTC Technology
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. KT-Kinetics Technology SpA.
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
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Sulphur Recovery Technology Market
