Authored By: Sarah
11 Jul 2024

 Sulfur Recovery Technology Market Size to grow by USD 2.77 billion between 2024-2028

According to a research report “ Sulfur Recovery Technology Market” by Technology (Claus process, Tail gas treatment, Others) Application (Oil and gas, Chemical processing, Power generation, Metal processing and others) Geography (APAC, North America, Europe, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 2.77 billion, at a CAGR of  9.43% during the forecast period. In the global energy sector, the need to minimize sulfur content in refined fuels and industrial processes is paramount. Sulfur, naturally occurring in crude oil and natural gas, necessitates removal for several reasons, including enhanced emission controls in gasoline and diesel. Regulations, such as the Federal Clean Air Act and the Environmental Protection Agency, mandate the elimination of hydrogen sulfide (H2S) and sulfur dioxide (SO2) from products like marine fuel and ultra-low-sulfur diesel. The European Union (EU) also enforces stringent regulations under the Industrial Emissions Directive (IED), setting emission limit values for sulfur dioxide from various industrial installations. The sulfur recovery process plays a vital role in achieving these regulatory requirements, reducing air pollution during the combustion of fuels and ensuring environmental compliance.

Browse market data tables, figures, and in-depth TOC on “Sulfur Recovery Technology Market” by Technology (Claus process, Tail gas treatment, Others) Application (Oil and gas, Chemical processing, Power generation, Metal processing and others) Geography (APAC, North America, Europe, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample

 

By Technology, the Claus process segment is projected to dominate the market size in 2024

The oil and gas industry serves as a significant market for sulfur recovery technologies, playing a pivotal role in managing sulfur-bearing compounds produced during hydrocarbon extraction, refining, and processing. Leading oil-producing nations, including Saudi Arabia, heavily utilize these technologies to mitigate environmental concerns, adhere to regulations, and enhance operational efficiency. With an average hydrocarbon production of 12.4 mbpd in 2020, Saudi Aramco, the national oil company of Saudi Arabia, produced approximately 9 mbpd of crude oil. Given the presence of substantial sour gases containing hydrogen sulfide (H2S) in their vast oil fields, sulfur recovery technologies are indispensable for this key player in the global oil and gas sector.

By Application, Oil and gas  segment is expected to hold the largest market size for the year 2024

In the realm of sulfur recovery, the Claus process stands out as a highly efficacious method for extracting elemental sulfur from hydrogen sulfide (H2S) gas streams. This technology is indispensable in refineries, natural gas processing plants, and facilities handling H2S gas, as it significantly contributes to environmental compliance by mitigating sulfur emissions. The Claus process's success hinges on the utilization of an optimal catalyst, typically alumina-based, which consists of aluminum oxide merged with titanium oxide and other complementary substances. The judicious selection of this catalyst is crucial to attain peak performance and bolster process economics.

APAC is forecasted to hold the largest market size by region in 2024

The sulfur recovery technology market in the Asia-Pacific (APAC) region is projected to experience substantial growth over the forecast period. Two major economic powers, China and India, are leading this expansion, fueled by robust demand for sophisticated sulfur removal processes. The primary catalysts for the adoption of sulfur recovery technologies in APAC are the escalating energy requirements in the region, spurred by population growth and urbanization. Consequently, oil refineries and natural gas processing plants are pivotal elements of the APAC industrial sector, necessitating advanced sulfur recovery solutions to adhere to environmental regulations and promote sustainable industrial practices.

The Sulfur Recovery Technology Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Air Liquide SA
  • Axens
  • BASF SE
  • Bechtel Corp.
  • Black and Veatch Holding Co.
  • Chiyoda Corp.
  • Exxon Mobil Corp.
  • Fluor Corp.
  • Honeywell International Inc.
  • Jacobs Solutions Inc.
  • John Wood Group PLC
  • Kinetics Technology Spa
  • Linde Plc
  • Maire Tecnimont SpA
  • Merichem Co.
  • Nuberg EPC
  • Phoenix Equipment Corp.
  • Shell plc
  • Sulfur Recovery Engineering
  • Sulzer Management Ltd.
  • Technip Energies N.V.
  • TechnipFMC plc
  • Thermax Ltd.
  • Topsoes AS
  • Worley
.

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Research Analysis Overview

The Sulfur Recovery Technology Market is witnessing significant growth due to increasing concerns over sulphur emissions in various industries, including Gasoline production, Shipping, Natural Gas production, and Refineries. Sulfur oxides, primarily sulphur dioxide and sulphur trioxide, are harmful to human health and contribute to air pollution. In the shipping sector, the shift towards LNG bunkering as a cleaner alternative fuel is driving the demand for sulfur recovery technology. Natural gas production and petrochemical industries also generate significant amounts of sulphur and hydrogen sulfide, necessitating effective de-sulfurization techniques. Refineries are integrating sulfur recovery technology to meet stringent sulphur emission regulations. The Claus method is a widely used technology for recovering elemental sulfur from acid gas. The process involves the reaction of hydrogen sulfide with oxygen or air to produce elemental sulfur and water. Reboiler duties and amine circulation rates are essential components of sulfur recovery processes. Coal chemical industries also generate sulphur by-products, making sulfur recovery technology an integral part of their operations. Sulphur particles in ship's fuel oil and sulphur dioxide emissions from power plants necessitate air treatment technologies to mitigate their impact on the environment. The integration of sulfur recovery technology in various industries is expected to continue, as the focus on reducing sulphur emissions intensifies.

Market Research Overview

The Sulfur Recovery Technology Market is witnessing significant growth in the refining sector due to increasing IMO guidelines for reducing sulphur emissions from ships' fuel oil. This trend is driving the demand for sulfur recovery technologies, particularly in the petrochemical industry. Fertilizers, cosmetics, clothing, food packaging, plastics, and energy-intensive industries are other major consumers of sulfur. The petrochemical capacity is expanding, especially in regions with shale gas development and shale potential. Oil producers and consumers are integrating sulfur recovery technologies into their operations to produce clean fuel and meet emission control requirements. The Claus process and tail gas treatment are essential components of sulfur recovery technologies. These processes help in the recovery of sulfur from hydrocarbons, natural gas production, and refineries. The Claus method converts hydrogen sulfide into elemental sulfur, while tail gas treatment removes sulfur particles and sulfur oxides from the gas stream. Nuberg Engineering, Koyali refinery, and other leading players are investing in sulfur recovery technologies to meet the growing demand. The reboiler duties and amine circulation rates are critical factors in the design and operation of sulfur recovery units. Sulfur emissions from oil refining and natural gas production contribute significantly to air pollution and have adverse effects on human health. Therefore, the integration of sulfur recovery technologies is crucial for reducing sulphur dioxide emissions and improving air quality. The sulfur recovered can be used as a raw material in the production of polypropylene, petrochemical complexes, and other essential industries. LNG bunkering and electricity generation are other emerging applications for sulfur. In conclusion, the sulfur recovery technology market is expected to grow significantly due to increasing demand from various industries, regulatory requirements, and the need to reduce sulfur emissions. The integration of sulfur recovery technologies in oil refining, natural gas production, and petrochemical industries is essential for meeting emission control requirements and producing clean fuel.

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Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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