Market Size of Sulphur Recovery Technologies Industry
| Study Period | 2023 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 2.33 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Sulphur Recovery Technologies Market Analysis
The Sulphur Recovery Technologies Market is expected to grow at a CAGR of more than 2.33% over the period.
COVID-19 negatively impacted the market in 2020. Presently the market has now reached pre-pandemic levels.
- Over the long term, environmental awareness and regulations drive the Sulphur Recovery Technologies Market. Operators are striving for maximum reduction of sulphur emission from activities such as transportation and electricity, for which the sulphur technologies are a viable solution, thereby driving the global market.
- On the other note, the high cost required to reduce the sulphur content is a restraint for the Sulphur Recovery Technologies Market.
- LNG Bunkering is expected to increase rapidly beyond the forecast period. De-sulfurization of gas is expected to proliferate with the increase in the number of ships using LNG for water transportation. Thereby providing an opportunity for growth in the Sulphur recovery technologies market.
- Due to high oil and gas production, increased environmental regulations, and increased refining capacity, Asia-Pacific is expected to be the largest market during the forecast period, with most demand coming from China and India.
