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Global Sulphur Recovery Technology Market Propelled by Mergers and Pipeline Projects

Article Description

Sulphur recovery converts hydrogen sulphide into elemental sulphur. Over the past few years, the demand for sulphur recovery technologies has increased owing to the rising focus on rules and regulations on minimizing the levels of sulphur emissions. Technological advancements have assisted leading companies operating in the global sulphur recovery technology market to introduce new procedures for sulphur recovery. Primarily, tail gas treatment process and claus treatment process are the two sulphur recovery procedures that have gained tremendous acceptance across the globe. 

The global sulphur recovery technology market is expected to exhibit a significant growth during the period between 2016 and 2026. The global sulphur recovery technology market is segmented on the basis of capacity, recovery, technology, and region. Based on capacity, the global sulphur recovery technology market is classified into <100 t/D, 101 to 200 t/D, 201 to 300 t/D, and >300 t/D. Lately, the <100 t/D segment dominated the global sulphur recovery technology market and this capacity segment is expected to maintain its dominance throughout the forecast period. Most of the refineries prefer using a lot capacity sulphur recovery technology as compared to medium or high capacity recovery technology. This is expected to boost the demand for <100 t/D sulphur recovery technology in many emerging nations. 

Middle East and Africa to be Most Lucrative Market

By recovery, the global sulphur recovery technology market is classified into oil and gas. The gas segment is likely to dominate the global sulphur recovery technology market in the years to come. Based on region, the global sulphur recovery technology market is divided into the Americas, Asia Pacific, the Middle East and Africa, and Europe. The growing awareness of the benefits of new sulphur recovery technologies is expected to propel the global market in the years to come. The Middle East and Africa sulphur recovery technology market dominated the global market in 2015, followed by Europe. The Middle East and Africa market for sulphur recovery technology is likely to maintain its dominance throughout the forecast period. 

Based on technology, the global sulphur recovery technology market is classified into tail gas and claus process, among which the tail gas treatment segment is expected to be the leading segment in the coming years.

Browse the full Global Sulphur Recovery Technology Market report at : http://www.mrrse.com/sulphur-recovery-technology-market

Acquisitions and Mergers to Play an Effective Role

Chiyoda Corporation, Jacobs Engineering Group Inc., Amec Foster Wheeler, Technip SA, Linde AG, WorleyParsons Ltd., Fluor Corporation, KT- Kinetics Technology SpA, GTC Technology US, LLC, PROSERNAT, and Black & Veatch Holding Company are the key companies operating in the global sulphur recovery technologies market. Key companies are currently targeting to merge with the startup companies. Leading companies are expecting a wide number of projects to enter the global market, which will open new growth opportunities. For instance, recently in Feb 2016, Jacobs Engineering Group was in the news for completing its Chuandongbei project in Southwest China. This project included the usage of Jacob’s new Comprimo sulphur recovery technology. This invention was a motivation for many other leading companies to introduce their new products and sulphur recovery technologies in the global market.