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Sulfur Recovery Technology Market: Introduction

  • Over the past few years, sulfur has risen in content in sour gases and crude oils across the world. In the form of hydrogen sulfide (H2S), it is found in gaseous waste streams coming out of oil refineries, natural gas production facilities, and wastewater treatment plants. The drive for various sulfur recovery technologies seems to be motivated by environmental concerns than economic rewards. Need for recovering sulfur from waste streams has been rising owing to environmental factors.
  • The Claus process is used for the recovery of elemental sulfur from sour or acid gas, and is especially beneficial when the concentrations are high or when the feed capacity is made at scale. Other processes have also been developed and used in recent decades; however, the Claus process has gained widespread popularity in the sulfur recovery technology market. Various improvements have been made to enhance the recovery of sulfur through the Claus process such as the application of cold bed absorption process. Various other technological advancements have been attempted by industry players to reach the sulfur recovery level of 99.99%.

Drivers of Sulfur Recovery Technology Market

  • Led by presence of stringent environmental norms on pollution in several countries, sulfur recovery technology is majorly applied when the concentration of sulfur is relatively low. Vendors are focusing on offering cost-effective solutions to attract end-users. Rise in use of sulfur recovery technology for lower grade fuels in various parts of the globe is boosting the market. Uptake of sulfur recovery technologies has been increasing due to the implementation of stringent environmental regulations in the oil &gas industry in several developing and developed countries.
  • Increase in popularity of two-bed catalytic Claus plants is also boosting the sulfur recovery technology market. Rapid advances made in crude oil and natural gas processing in numerous developing and developed regions is fueling the demand for sulfur recovery technology. Demand for sulfur recovery technology has been rising in oil refining operations in various parts of the world. Focus of industry players on improving the compliance with prevailing regional and global emission standards also augurs well for the sulfur recovery technology market. Furthermore, crude oil processing has been making rapid strides in developing economies, notably in Asia Pacific.

Restraints of Sulfur Recovery Technology Market

  • Dearth of universal directives pertaining to applications of sulfur recovery technology is expected to restrain the market during forecast period. Every country has different directives pertaining to applications of sulfur recovery technology. Companies find it difficult to deal with these county wise regulations. This discourages investments in the sulfur recovery technology market, thereby restraining the market during forecast period.

COVID-19 impact on Sulfur Recovery Technology Market

  • The COVID-19 outbreak is hampering the demand for sulfur recovery technology in many applications. Many governments across the globe have enforced lockdown as a measure to curb the spread of the coronavirus. This has resulted in slowdown and halt in manufacturing operations, restrictions on supply and transport, and infrastructure slowdown, which are hampering the demand for sulfur recovery technology.
  • Key players operating in the sulfur recovery technology market are primarily tier I and tier II manufacturers and suppliers. Manufacture and supply chain facilities of these manufacturers are spread across various countries in Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Many of these players have halted their production output over the last few months due to the COVID-19 pandemic. The pandemic has negatively impacted the demand and supply chain of the market.

North America to Hold Major Share of Sulfur Recovery Technology Market

  • In terms of geography, the sulfur recovery technology market can be segmented into North America, Asia Pacific, Europe, Middle East & Africa, and Latin America
  • Developed regions exhibit high potential for the global sulfur recovery technology market. North America is expected to be alucrative region over the next few years. The growth is likely to be fuelled by implementation of stringent standards in the oil &gas industry in the region.
  • Asia Pacific is anticipated to hold significant share during the forecast period. The largest exporter of sulfur on a global scale is Canada, while China is a significant market for sulfur. China plays a crucial role in the global market and has been importing sulfur to meet the needs of various industry verticals.
  • The market in Middle East &Africa is expected to grow at a substantial rate. Latin America is expected to be an increasingly attractive region of the sulfur recovery technology market during forecast period.

Sulfur Recovery Technology: Key Players

Major players operating in the sulfur recovery technology market are adopting various organic and inorganic growth strategies such as joint ventures, mergers & acquisitions, expansion, collaborations, new product launches, strategic alliances, and research and development to increase their regional presence and business operations. Key players operating in the market include:

  • Amec Foster Wheeler
  • Praxair, Inc.
  • GTC Technology US
  • Fluor Corporation
  • Royal Dutch Shell Plc.
  • The Linde Group
  • TechnipSpA
  • Worley Parsons Ltd
  • Chiyoda Corporation
  • KT-kinetics technology SpA
  • GTC Technology LLC
  • Black & Veatch Holding Company

Global Sulfur Recovery Technology Market: Research Scope

Global Sulfur Recovery Technology Market, by Technology

  • Claus process
  • Tail Gas Treatment

Global Sulfur Recovery Technology Market, by Source

  • Oil
  • Gas
  • Others

Global Sulfur Recovery Technology Market by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Sulfur Recovery Technology Market

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