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 2025-2032


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

Amine Scrubbing Services Market Dynamics

Amine Scrubbing Services Market Drivers

Adoption of Carbon Capture and Storage to Bolster Market Growth

  • 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 growing demand for natural gas as a cleaner and more efficient fuel for power generation is expected to boost the amine scrubbing services market. The amine scrubbing technology is used to remove impurities like CO2, H2S, and other contaminants from natural gas, making it suitable for use in power generation.

Amine Scrubbing Services Market Restraints

Health and Safety Concerns to Hinder Market Growth

  • Amine scrubbing uses a variety of solvents, such as monoethanolamine (MEA), diethanolamine (DEA), and methyldiethanolamine (MDEA), which are hazardous to health and can cause respiratory problems, skin irritation, and other health hazards if not handled properly. The handling of amine solvents requires proper safety protocols and protective equipment, which can be expensive and time-consuming for companies. Moreover, the disposal of amine solvents can also be challenging, as they are classified as hazardous waste and require special treatment before disposal.
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FAQs

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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