Global Hydrogen Sulfide Scavengers Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Hydrogen Sulfide Scavengers Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Hydrogen sulfide (H2S) scavengers are widely used in hydrocarbon and chemical processing facilities. Hydrogen sulfide (H2S) is a very toxic and pungent gas that causes problems in both the upstream and downstream oil and gas industry. The process of removing H2S is known as gas sweetening, by either iron sponge H2S scrubbers (forming iron sulfide) or chemical scavengers.

Market Overview:

The latest research study on the global Hydrogen Sulfide Scavengers market finds that the global Hydrogen Sulfide Scavengers market reached a value of USD 1433.31 million in 2022. It’s expected that the market will achieve USD 2015.05 million by 2028, exhibiting a CAGR of 5.84% during the forecast period.

After the epidemic, with the recovery of the economy and the normal progress of other production activities, the demand for crude oil increased. The increase in crude oil production has enhanced oilfield operations such as drilling, cementing, production, workover and completion, and stimulation operations. This drives the demand for production chemicals such as hydrogen sulfide scavengers.

Secondly, in terms of regions, the increasing demand for oil and natural gas from developing economies such as China, India, and Brazil is the main factor driving the speed of drilling activities. Many oil companies are constantly exploring new oil and gas reserves. Therefore, during the forecast period, it is estimated that newly discovered and potential oil and gas reserves will create abundant opportunities for the global hydrogen sulfide scavenger market.

High performance and large downstream applications

Hydrogen Sulfide Scavengers is a compound used primarily in hydrocarbon and chemical processing facilities. The special chemicals in the hydrogen sulfide scavenger will react selectively with 2 and help remove it. Products treated with hydrogen sulfide include fuel, crude oil and refined petroleum products in tankers, storage tanks, pipelines, rail cars, and wastewater treatment facilities. Hydrogen sulfide (H2S) is naturally present in crude oil. Hydrogen sulfide has many safety hazards, so effective control of hydrogen sulfide is very important. Hydrogen sulfide is also highly corrosive and can damage the process and storage infrastructure, leading to expensive maintenance costs, and therefore adversely affecting production equipment.

Challenges from triazine-based scavengers

Hydrogen sulfide (H2S), called acid gas, is a highly toxic and irritating gas that can cause problems in upstream and downstream processes. In order to remove H2S gas from the oil stream, a non-regenerating solution is usually used. One of the most commonly used scavengers is triazine, especially 1,3,5-tris-(2- hydroxyethyl)-hexahydro-s-triazine, which is mainly used as a water-soluble triazine. However, the use of triazine scavengers often leads to fouling during the transportation and processing of oil and natural gas.

Region Overview:

From 2022-2027, North America is estimated to witness robust growth prospects

Company Overview:

Schlumberger is one of the major players operating in the Hydrogen Sulfide Scavengers market, holding a share of 9.71% in 2020.

Schlumberger

Schlumberger also known as Schlumberger Limited is an oil services company. The Company, through its subsidiaries, provides a wide range of services, including technology, project management, and information solutions to the international petroleum industry as well as advanced acquisition and data processing surveys.

Dow

Dow Inc. produces and distributes chemical products. The Company manufactures and supplies chemicals for liquid injection molding, architecture fabrication, leather, textiles, automobiles, rubber consumer goods, and food industries. Dow serves customers worldwide.

Segmentation Overview:

Among different product types, Non-Regenerative segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Gas Industry segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Hydrogen Sulfide Scavengers market covered in Chapter 3:

Solutions
Basf
SUEZ Water Technologies &
Baker Hughes
NALCO Water
Ineos
Dow
Dorf Ketal
Halliburton
Akzonobel
Arkema
Huntsman
Schlumberger

In Chapter 4 and Chapter 14.2, on the basis of types, the Hydrogen Sulfide Scavengers market from 2018 to 2029 is primarily split into:

Regenerative
Non-Regenerative

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Hydrogen Sulfide Scavengers market from 2018 to 2029 covers:

Gas Industry
Oil Industry
Wastewater Treatment
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)