Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Hydrogen Sulfide Scavengers Market: By Type, By Product, By End User and Geography
Hydrogen Sulfide Scavengers Market size was valued at US$ 519.2 million in 2023 and is poised to grow at a significant CAGR of 5.2% from 2024-2030. It is a colorless gas, with an offensive odor and a sweetish taste. It is soluble in water, alcohol, oils, and many other solvents. It has a specific gravity of 1.1895 concerning air. It is considered a weak acid, it is toxic to humans and corrosive to metals. During oil and gas operations, hydrogen sulfide can be found as a component of formation gases, dissolved in water, hydrocarbons, or even liquid sulfur. The hydrogen sulfide content of fluids in the permeable formations of oil wells has an important impact on the economic value of the produced hydrocarbons and production operations. Hence, the use of hydrogen sulfide scavengers is particularly high in the oil & gas industry, in upstream and downstream applications is fueling the market growth.
Human health effects of exposure to hydrogen sulfide, an irritant and an asphyxiant, depend on the concentration of the gas and the length of exposure. A maximum of eight hours of exposure to concentrations greater than 100 ppm hydrogen sulfide scavengers will cause hemorrhage and death.13 Concentrations above 600 ppm can be fatal in three to five minutes. Highly stressed, high-strength steel can fail in a matter of minutes in the presence of 50 ppm hydrogen sulfide scavengers. At high pressure, as little as 0.1 ppm hydrogen sulfide scavengers can greatly reduce the time to failure of highly stressed, high-strength steel. Hence, health and safety concerns are restricting the market growth. The global market is surging owing to frequent acquisitions and launchings by the market players. The global market expanding at significant CAGR over 2019 to 2025 owing to rising demand for hydrogen sulfide scavengers from oil & gas industry Based on product, metal-based scavengers segment accounted for larger market revenue share in 2018 and is projected to gain market revenue share over forecast period. Players focusing on innovation of newer products and collaboration strategies to retain market position in the global market.
Study Period
2024-2030Base Year
2023CAGR
5.2%Largest Market
North AmericaFastest Growing Market
Asia-Pacific
Some of the key factors influencing the market growth include rising demand for hydrogen sulfide scavengers from oil & gas industry, high growth in emerging economies and increasing demand from various end user industries. However, environmental & operational concerns associated with hydrocarbon management and health & safety concerns are hampering the market growth.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 519.2 million |
Market CAGR |
5.2% |
By Type |
|
By Product |
|
By End User |
|
By Region |
|
Download Free Sample Report
The hydrogen sulfide scavengers market size was valued at US$ 519.2 million in 2023 and is projected to grow at a CAGR of 5.2% from 2024 to 2030.
The market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
The market key players Hexion, SUEZ, Schlumberger Limited, NuGenTec, Arkema Group, Dorf-Ketal, Halliburton, Paqell BV, ChemTreat
Key Market Players