Fuel Gas Treatment Market will be US$5.85 Billion by Year 2026

The ever increasing demand for natural gas indicates that the international gas treatment market will reach US $5.85 billion at a whopping CAGR of 5.7% by the year 2026. The market was estimated at around US $3.77 billion last year. A rapid increase in population and demand for electricity across various industries are other major reasons behind this whopping growth. Do you know that the largest source of electricity production in the US was natural gas in year 2018? 35 percent of the total electricity produced in the US in year 2018 was due to natural gas.

The overall fuel treatment market includes suppliers of raw materials, fuel gas treatment package providers as well as end users. Other stakeholders in the gas treatment market as crude oil producers, glycol manufacturers, oil and gas associations, amine manufacturers and environment support agencies.

Fuel gas treatment skid manufacturers say that the gas treatment is used for removing hydrogen sulfide and carbon dioxide from natural gas for purification. Increasing urbanization has given a rise to the demand for electricity and that has also contributed to the increasing demand for fuel gas and fuel gas treatment package providers.

Here are some of the major benefits of fuel gas and that is why gas treatment industry is growing -

Gas treatment is very commonly used in oil and gas processing because this industry needs natural gas quite a lot. Besides, it is also used in refineries and petrochemical plants among other industries.

All major countries are paying close attention to environment protection which has given rise to the need of natural gas treatment. Fuel gas treatment packages are in place to cater to this need. Emissions that harm the environment are way lower from natural gas as compared to the emissions from oil or coal. Owing to its environment friendliness, natural gas has become the most preferred choice

Natural gas is processed by removing various elements such as large particles, oil, condensate and water. Even after the elimination of oil, condensate and water; sulfur is present in the gas. Due to this it is called sour gas. Sulfur and carbon dioxide are removed from the natural gas post which the final step takes place which is called natural gas liquid recovery.

Hope you found the post useful. For more information related to fuel gas treatment skid or natural gas treatment, feel free to get in touch with us and we will be more than happy to answer your queries.