Global Amine Scrubbing Services Market

Amine Scrubbing Services Market Size, Share, Growth Analysis, By Application(Oil & Gas Production, Chemical Manufacturing, Power Generation, Others), By Type Of Service(Rental, Installation, Maintenance, Operation), By Region - Industry Forecast 2024-2031

Report ID: SQMIG20L2040 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 65 | Figures: 77

Amine Scrubbing Services Market Regional Insights

North America is one of the dominant regions in the global amine scrubbing services market. This region is expected to have a CAGR of around 5.2% during the forecast period. owing to the presence of a large number of oil and gas production facilities and power generation plants.

This region is expected to have a CAGR of around 6.1% during the forecast period. The Asia-Pacific region is the fastest-growing region in the global amine scrubbing services market, owing to the increasing demand for energy, rapid industrialization, and growing environmental concerns.

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Amine Scrubbing Services Market size was valued at USD 17.5 billion in 2021 and is poised to grow from USD 18.36 billion in 2022 to USD 25.66 billion by 2030, at a CAGR of 4.9% during the forecast period (2023-2030).

The amine scrubbing services market is highly competitive, with several large players competing for market share. The market players offer a range of services, including feasibility studies, engineering, procurement, construction, and maintenance of amine scrubbing plants. 'Mitsubishi Heavy Industries (Japan)', 'Fluor Corporation (United States)', 'DOW Chemical Company (United States)', 'BASF SE (Germany)', 'General Electric (United States)', 'The Linde Group (Germany)', 'Air Products and Chemicals (United States)', 'Sulzer Ltd. (Switzerland)', 'Alstom SA (France)', 'Babcock & Wilcox Enterprises, Inc. (United States)', 'Exxon Mobil Corporation (United States)', 'Chevron Corporation (United States)', 'Air Liquide SA (France)', 'Siemens AG (Germany)', 'Huntsman Corporation (United States)', 'Carbon Clean Solutions Limited (United Kingdom)', 'Cansolv Technologies Inc. (Canada)', 'Axens (France)', 'Shell Solutions International B.V. (Netherlands)', 'KBR, Inc. (United States)', 'Valmet Corporation (Finland)', 'Técnicas Reunidas, S.A. (Spain)'

CCS is a critical technology used to reduce greenhouse gas emissions from industrial processes and power generation. It involves capturing carbon dioxide (CO2) from the atmosphere, compressing it, and then injecting it into underground geological formations for long-term storage. Amine scrubbing is one of the most commonly used technologies for CO2 capture. The amine scrubbing process involves the use of amine solvents to absorb CO2 from industrial exhaust streams or flue gases. This process helps to capture CO2 before it is released into the atmosphere, reducing the carbon footprint of industries and power plants.

The amine scrubbing technology is not limited to the oil and gas industry, but it is also used in other industries like food processing, pharmaceuticals, and chemical manufacturing. This trend is expected to continue, increasing the demand for amine scrubbing services.

North America is one of the dominant regions in the amine scrubbing services market. This region is expected to have a CAGR of around 5.2% during the forecast period. owing to the presence of a large number of oil and gas production facilities and power generation plants.

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Global Amine Scrubbing Services Market

Report ID: SQMIG20L2040

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