황화수소 시장 예측(-2030년) : 제품 유형, 제조 방법, 용도, 최종사용자, 지역별 세계 분석

According to Stratistics MRC, the Global Hydrogen Sulphide Market is accounted for $234.31 million in 2023 and is expected to reach $338.60 million by 2030 growing at a CAGR of 5.4% during the forecast period. The chemical compound hydrogen sulphide has the formula H2S. It is a colourless gas with the distinctively offensive smell of rotten eggs. It is an extremely poisonous gas that is present in a lot of petroleum products. Moreover, crude oil, natural gas, and hot springs are all examples of places where hydrogen sulphide can be found naturally or produced by human activity. In addition to being used in labs to analyze metal ions, hydrogen sulphide is primarily used as a precursor to elemental sulfur.

According to the United States Department of Agriculture, about 40-50 per cent of crop yields are lost to pests and other diseases every year in developing regions. In order to reduce the destruction of crops and produce better yields, farmers and agro-business companies around the world are adopting high-quality pesticides.

Market Dynamics:

Driver:

Demand from industries

The widespread use of H2S across industries is a major factor in the market's success. It is essential for drilling fluid additives, corrosion control, and sour gas treatment in the oil and gas industry. To comply with environmental regulations, petrochemical processes rely on H2S for hydro desulfurization. H2S management in mining is essential for ensuring worker security during underground operations. Additionally, H2S scavengers and treatments for odor control and corrosion prevention are necessary for wastewater treatment, which lowers maintenance costs.

Restraint:

Environmental and health concerns

Due to its toxicity and combustibility, handling hydrogen sulfide poses serious safety risks, calling for strict safety precautions and raising operating costs. Furthermore, improper disposal of H2S-containing waste can have a negative environmental impact, causing acid rain and air pollution, which could result in stricter rules and liability for businesses.

Opportunity:

Technological innovations

The H2S market provides a platform for ongoing innovation. Making H2S scavenger materials that are more effective and environmentally friendly is one way to advance. Businesses can experiment with cutting-edge materials, such as nano materials, novel catalysts, and biologically inspired approaches, to push the limits of scavenging technologies. Moreover, the development of highly selective separation techniques for the removal of H2S from complex gas mixtures can completely alter industrial procedures.

Threat:

Supply disruptions for raw materials

The availability of sulfur, a crucial raw material, is inextricably linked to the H2S market. Supply chain difficulties and price volatility can result from disruptions in the sulfur supply caused by geopolitical tensions, production limitations, or market dynamics. Additionally, companies with a high reliance on sulfur resources must be ready to adjust to supply fluctuations, which could have an impact on production and cost structures.

COVID-19 Impact:

The market for hydrogen sulphide (H2S) has been significantly impacted by the COVID-19 epidemic. Demand for H2S-related goods and services has fluctuated as a result of disruptions in global supply chains, decreased industrial activity as a result of lockdowns, and a shift in priorities toward health and safety measures. The need for H2S removal technologies was impacted by decreased production in sectors like oil and gas exploration, refining, and petrochemicals. However, there is a renewed emphasis on environmental compliance and sustainability as economies recover and industries adjust to new norms, driving opportunities for H2S management solutions in the long run.

The Pesticides segment is expected to be the largest during the forecast period

The market's largest share belongs to the pesticides segment. Since these chemical substances are crucial for crop protection and pest control, the pesticide industry is crucial to agriculture. By preventing pests, diseases, and weeds, pesticides support agricultural productivity, protect crop yields, and ensure food security. Herbicides, insecticides, and fungicides are just a few of the many products on the pesticide market that are used by farmers all over the world. However, it's crucial to remember that the regulatory environment for the pesticide industry is changing, and there is a growing focus on environmentally friendly and sustainable practices.

The Pharmaceutical & Biotechnology segment is expected to have the highest CAGR during the forecast period

The market's highest CAGR is anticipated to be in the pharmaceutical and biotechnology segment. The aging of the world's population, ongoing medical advancements, and a greater emphasis on healthcare research and development are the main drivers of this industry. The pharmaceutical and biotechnology sectors constantly innovate to find and create new treatments, medications, and biologics to treat a wide range of illnesses and medical conditions. Moreover, the COVID-19 pandemic has also accelerated research and funding in this industry, demonstrating its adaptability and potential for long-term growth.

Region with largest share:

The largest market share for hydrogen sulphide (H2S) was held by the North American region, which was led by the United States. The United States in particular is a major oil and natural gas producer in North America. Natural gas and crude oil reserves frequently contain H2S, which must be removed before processing. As a result, there was a significant need for H2S removal technologies due to the area's extensive energy production activities. Moreover, investment in carbon capture and utilization (CCU) technologies has increased as a result of the region's increased emphasis on cleaner energy sources and environmental sustainability.

Region with highest CAGR:

The market's highest CAGR was being experienced in the Asia-Pacific region. The region's quick industrialization, rising population, and rising need for energy were all considered contributing factors to this strong growth. Asia-Pacific, with nations like China and India driving industrial expansion and energy production, showed strong growth potential in the context of the hydrogen sulphide (H2S) market. Moreover, the requirement for effective H2S management in these emerging economies as well as the adoption of strict environmental regulations all contributed to the high growth.

Key players in the market:

Some of the key players in Hydrogen Sulphide Market include: Messer group, DuPont, Air Liquide, Matheson Tri-Gas, Chengdu Taiyu Industrial Gases Co. Ltd., Sobegi LACQ, Air Products & Chemicals Inc., Hydrite Chemical, Evonik Industries, BASF, Industrial Scientific Corporation, Bayer, The Linde Group, MonitorTech, Dow Chemical Company and Praxair.

Key Developments:

In August 2023, DuPont announced a definitive agreement to sell an 80.1% ownership interest in the Delrin® acetal homo polymer business1 to TJC LP (TJC) in a transaction valuing the business at $1.8 billion. TJC has received fully committed financing in connection with the transaction, which is expected to close around year-end 2023, subject to customary closing conditions and regulatory approval.

In July 2023, Nippon Sanso Holdings Corporation hereby announces that Matheson Tri-Gas, Inc., NSHD's U.S. operating company entered into a gas supply agreement with 1PointFive to provide oxygen for the carbon capture, utilization and sequestration company's first Direct Air Capture (DAC*) plant in Texas.

In June 2023, Air Liquide has signed a long-term Power Purchase Agreement (PPA) with the China Three Gorges Renewables and China Three Gorges Corporation Jiangsu Branch, subsidiaries of China Three Gorges, one of China's largest producers and retailers of renewable electricity, to purchase a total of 200 MW of renewable power per year in China. Following PPAs in the United States, Europe and South Africa, and several short-term renewable and low-carbon PPAs in China, this is the first long-term PPA signed by Air Liquide in China.

Types Covered:

• Technical Grade
• Purified Grade
• Other Types

Production Methods Covered:

• Electrolysis
• Conventional
• Other Production Methods

Applications Covered:

• Pesticides
• Dyes
• Leather
• Disinfectant
• Sulfuric Acid Production
• Other Applications

End Users Covered:

• Chemicals
• Electronics
• Food & Beverage
• Agriculture
• Glass
• Plastics
• Oil & Gas
• Metal and Metallurgy
• Pharmaceutical & Biotechnology
• Welding & Metal Fabrication
• Laboratories and Analysis
• Cosmetics
• Engineering Plastics
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Hydrogen Sulphide Market, By Type

• 5.1 Introduction
• 5.2 Technical Grade
• 5.3 Purified Grade
• 5.4 Other Types

6 Global Hydrogen Sulphide Market, By Production Method

• 6.1 Introduction
• 6.2 Electrolysis
• 6.3 Conventional
• 6.4 Other Production Methods

7 Global Hydrogen Sulphide Market, By Application

• 7.1 Introduction
• 7.2 Pesticides
• 7.3 Dyes
• 7.4 Leather
• 7.5 Disinfectant
• 7.6 Sulfuric Acid Production
• 7.7 Other Applications

8 Global Hydrogen Sulphide Market, By End User

• 8.1 Introduction
• 8.2 Chemicals
• 8.3 Electronics
• 8.4 Food & Beverage
• 8.5 Agriculture
• 8.6 Glass
• 8.7 Plastics
• 8.8 Oil & Gas
• 8.9 Metal and Metallurgy
• 8.10 Pharmaceutical & Biotechnology
• 8.11 Welding & Metal Fabrication
• 8.12 Laboratories and Analysis
• 8.13 Cosmetics
• 8.14 Engineering Plastics
• 8.15 Other End Users

9 Global Hydrogen Sulphide Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 Messer group
• 11.2 DuPont
• 11.3 Air Liquide
• 11.4 Matheson Tri-Gas
• 11.5 Chengdu Taiyu Industrial Gases Co. Ltd.
• 11.6 Sobegi LACQ
• 11.7 Air Products & Chemicals Inc.
• 11.8 Hydrite Chemical
• 11.9 Evonik Industries
• 11.10 BASF
• 11.11 Industrial Scientific Corporation
• 11.12 Bayer
• 11.13 The Linde Group
• 11.14 MonitorTech
• 11.15 Dow Chemical Company
• 11.16 Praxair