According to Stratistics MRC, the Global Sulfur Recovery Technology Market is accounted for $1.08 billion in 2020 and is expected to reach $2.87 billion by 2028 growing at a CAGR of 13.0% during the forecast period. Factors such as increasing production of shale gas and growing environmental awareness are driving the growth of the market. However, decreasing demand from developing nations is hampering the growth of the market.
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Based on the application, the refineries segment is anticipated to expand at a rapid pace during the forecast period due to the rising consumption of oil and strict rules for reducing sulfur emissions. By geography, Asia Pacific is going to have high growth during the forecast period which can be attributed to the presence of large hydrocarbon reserves in various parts of the region.
Some of the key players profiled in the Sulfur Recovery Technology Market include Royal Dutch Shell Plc, Exxon Mobil, Bechtel Corporation, Linde AG, Jacobs Engineering Group Inc, Air Liquide S.A., GTC Technology, Technip FMC plc CB&I, KT-Kinetics Technology SpA., Chiyoda Corporation, Worley Parsons Ltd, Fluor Corporation, Enersul Limited Partnership, Sulfur Recovery Engineering Inc., and Ortloff Engineers, Ltd.
Capacities Covered:
• <100 t/D
• 101-200 t/D
• 201-300 t/D
• >300 t/D
Sources of Recovery Covered:
• Gas
• Oil
Technologies Covered:
• Tail Gas Treatment
• Claus Process
Applications Covered:
• Sulfur Mining
• Petroleum and Coke
• Coal Gasification
• Refineries
• Gas Processing Plants
• Power Plants
Sales Channels Covered:
• Direct Sales
• Distributors
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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