Rising energy demands and stricter environmental regulations
are the key drivers of the gas treating amine market. These amines
are essential for purifying natural gas, ensuring it meets pipeline
and safety standards. The booming oil & gas industry and
growing adoption of natural gas as a clean energy source further
fuel market expansion.
NEWARK, Del., April 17, 2024 /PRNewswire/ -- As per the
Future Market Insights' latest analysis, the global gas treating
amine market value is forecast to increase from US$
3,234.4 million in 2024 to US$
5,630.5 million by 2034. Global demand for gas treating
amines is set to surge at a CAGR of 5.7% between 2024 and
2034.
Monoethanolamine (MEA) remains the top-selling product in the
market, holding a volume share of 38.9% in 2024. This is due
to its optimal efficiency and cost-effectiveness. On the other
hand, a higher CAGR of 6.5% has been predicted for the
methyl diethanolamine (MDEA) segment.
Download the Sample PDF report to explore key market insights
and trends:
https://www.futuremarketinsights.com/reports/sample/rep-gb-19347
Several factors are providing impetus for the growth of the gas
treating amine market. These include escalating energy demand,
enforcement of stringent environmental regulations, and expanding
oil and gas production and exploration activities globally.
Gas-treating amines play a vital role in various industries by
facilitating the purification of natural gas and other gasses. They
ensure compliance with quality standards, environmental
regulations, and safety requirements, thereby propelling their
demand globally.
The applications of gas-treating amines are widespread across
industries such as oil and gas, petrochemicals, power generation,
pharmaceuticals, and chemical processing. In the oil and gas
industry, gas-treating amines are used in gas processing facilities
to purify natural gas extracted from reservoirs, removing
impurities to meet pipeline specifications and regulatory
standards.
In petrochemical and chemical processing industries,
gas-treating amines are employed for gas purification, chemical
synthesis, and environmental protection. Thus, the expansion of
these industries could present lucrative growth opportunities to
gas-treating amine manufacturers through 2034.
As energy consumption continues to rise globally, there is a
growing need for efficient gas purification technologies to meet
demand while minimizing environmental impact. This is putting the
gas treating amine industry into the limelight and spurring its
growth.
Growing focus on clean energy solutions like natural gas is
acting as a catalyst propelling gas treating amine demand. These
amines are increasingly used to remove impurities like carbon
dioxide and hydrogen sulfide from natural gas.
Gas Treating Amine Industry Research Scope
Attribute
|
Details
|
Market Size in
2024
|
US$ 3,234.4
million
|
Market Value in
2034
|
US$ 5,630.5
million
|
Growth Rate (2024 to
2034)
|
5.7 %
|
Historical
Data
|
2019 to 2023
|
Forecast
Period
|
2024 to 2034
|
Quantitative
Units
|
Value (US$ million) and
Volume (metric tons)
|
Report
Coverage
|
Revenue Forecast,
Volume Forecast, Company Ranking, Competitive Landscape, Growth
Factors, Trends, and Pricing Analysis
|
Market Segments
Covered
|
By Product
Type:
- Monoethanolamine (MEA)
- Diethanolamine (DEA)
- Methyl Diethanolamine (MDEA)
By End-use:
- Oil & Gas
- Water Treatment
- Coating
- Textile
- Pharmaceutical
- Chemical Processing
- Others
By Region:
- 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 Coverage in
Global Gas Treating Amine Market Research Report
|
- Adjacent Study on Global Gas Treatment
Market, Amine Solvent Market, and Amine Absorption Market
- Key Companies in Amine Gas Purification
Market
- Expected Global Gas Treatment Market
Size
- Detailed Gas Treatment Market Global
Forecast
- Analysis of Amine-based Gas Treatment
Industry in Developing and Developed Regions
- Popular Amine Gas Treating Systems in the
Market
- Top Manufacturers of Gas Treating Products
& Technologies
- Gas Treatment Market Emerging Trends
- Scope of Gas Conditioning Amine Market in
India
- Impact of Amine Solvent Technology on the Gas
Treating Amine Industry
- Detailed Analysis of Gas Treatment Market
Opportunities
- Market Dynamics of Gas Sweetening Amine in
the United States
- Factors Making Gas Sweetening Amine Treating
Popular
- India's Gas Treatment Market Share
- Recent Developments in Gas Sweetening Amine
Market
- Emerging Trends in Gas Conditioning Amine
Industry
|
Key Takeaways from the Report
- The global gas treating amine market is forecast to advance at
5.7% CAGR through 2034.
- By application, the oil and gas segment will hold a market
share of around 42.2% in 2024.
- Based on product type, monoethanolamine (MEA) demand is slated
to rise at 4.3% CAGR.
- East Asia is set to account
for a significant share of about 46.8% in 2034.
- India's industry value is
predicted to reach US$ 515.33
million by 2034.
- Sales in China are estimated
to total US$ 783.20 million by
2034.
"The global gas treating amine industry is growing
steadily, driven by escalating environmental regulations, high
energy demand, and expanding industrial sectors like oil and gas
and chemical processing," - says Nikhil Kaitwade (Associate
Vice President at Future Market Insights, Inc.).
Who is Winning?
Huntsman, Amines & Plasticizers Ltd, Schlumberger SLB, Ineos
Oligomer, Axens, Vaisala, Clariant, Shell, Dow, Pall Corporation,
and others are the leading manufacturers of gas treating amines
profiled in the full version of the report.
Key companies are focusing on expanding their domestic
production capacities to meet soaring demand from end-use
industries. They are also introducing new technologies as well as
employing strategies like partnerships, collaborations, and
acquisitions to stay relevant in the market.
Recent Development:
- In June 2020, ExxonMobil
and BASF SE introduced a new, highly energy-efficient gas treatment
technology called OASE selfexx to selectively remove hydrogen
sulfide.
More Insights into the Report
In its latest report, Future Market Insights (FMI) offers an
unbiased analysis of the global gas treating amine market,
providing historical data from 2019 to 2023 and forecast statistics
for the period 2024 to 2034. To understand the global market
potential, growth, and scope, the market is segmented based on
product type, end-use, and region.
Purchase now and gain full access to
the Gas Treating Amine Industry report, featuring comprehensive
Market Forecast, Company Share Analysis, Competition Intelligence,
DROT Analysis, Market Dynamics and Challenges, and Strategic Growth
Initiatives.
About the Chemicals and Materials Division at Future Market
Insights (FMI)
The chemicals and materials division of Future Market
Insights (FMI) offers a distinct and pinpoint analysis of the
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About the Author:
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His core competency circles around developing research
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Nikhil holds an MBA degree in Marketing and IT and a Graduate in
Mechanical Engineering. Nikhil has authored several publications
and quoted in journals like EMS Now, EPR Magazine, and EE
Times.
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