What is Global Sulphur Recovery Market?
The Global Sulphur Recovery Market is a significant segment of the global economy, focusing on the extraction of sulphur from various sources. Sulphur, a valuable industrial raw material, is often recovered from petroleum and natural gas during refining processes. The market's importance stems from the widespread use of sulphur in numerous industries, including agriculture for fertilizers, chemicals for manufacturing sulphuric acid, and others. The Global Sulphur Recovery Market is a complex network of producers, consumers, and intermediaries, all working together to ensure the efficient extraction, processing, and distribution of sulphur worldwide.
Claus Process, Claus Process and Tail Gas Treatment in the Global Sulphur Recovery Market:
The Claus Process, Tail Gas Treatment, and other methods are integral to the Global Sulphur Recovery Market. The Claus Process is a widely used method for recovering elemental sulphur from gaseous hydrogen sulphide. Mainly used in natural gas processing and oil refining, the process converts hydrogen sulphide into elemental sulphur, thereby reducing the emission of sulphur compounds into the environment. On the other hand, Tail Gas Treatment further processes the residual gases from the Claus Process to recover the remaining sulphur, ensuring minimal sulphur emissions and maximum recovery. These processes, along with others, form the backbone of the Global Sulphur Recovery Market, ensuring efficient and environmentally friendly recovery of sulphur.
Petroleum and Coke, Natural Gas, Others in the Global Sulphur Recovery Market:
The Global Sulphur Recovery Market plays a crucial role in various sectors, including Petroleum and Coke, Natural Gas, and others. In the Petroleum and Coke industry, sulphur recovery is essential to reduce the sulphur content in the products, as high sulphur content can lead to environmental pollution. Similarly, in the Natural Gas industry, sulphur recovery is crucial to remove hydrogen sulphide, a harmful compound, and recover valuable sulphur. In other industries, sulphur recovery is vital for producing sulphuric acid, a key industrial chemical, and for other applications. Thus, the Global Sulphur Recovery Market is integral to these industries, contributing to their efficiency and sustainability.
Global Sulphur Recovery Market Outlook:
The Global Sulphur Recovery Market has shown promising growth in recent years. In 2022, the market was valued at US$ 2453.4 million and is expected to reach US$ 3440.9 million by 2029, growing at a CAGR of 5.8% during the forecast period 2023-2029. The Middle East & Africa region holds the largest share of the market, accounting for about 30% of the total, followed by Europe with a 25% share. The market is dominated by five major manufacturers - Jacobs Engineering Group, Chiyoda Corporation, Amec Foster Wheeler, Technip FMC, and Worley Parsons Ltd, which collectively hold about 50% of the market share. These figures highlight the market's potential and the opportunities it offers for both existing players and new entrants.
| Report Metric | Details |
| Report Name | Sulphur Recovery Market |
| Accounted market size in 2022 | US$ 2453.4 million |
| Forecasted market size in 2029 | US$ 3440.9 million |
| CAGR | 5.8% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | Jacobs Engineering Group, Chiyoda Corporation, Amec Foster Wheeler, Technip FMC, Worley Parsons Ltd, Linde AG, Fluor Corporation, KT-Kinetics Technology SpA, GTC Technology US, Heurtey Petrochem, McDermott, Sunway Petrochemical Engineering |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
