Sulphur Recovery Technology Market will Increase at a CAGR of 11.5% in terms of value during 2016-20

Introduction

Sulphur recovery is defined as the conversion of hydrogen sulfide to elemental sulphur. Hydrogen sulfide is one of the major by-products of processing high sulphur crude oils and natural gas. Increasing focus on regulations to reduce levels of sulphur in products and lower sulphur emissions has in turn resulted in increase in demand for deployment of sulphur recovery technologies. Sulphur recovery technologies are mainly based on two processes: Claus and Tail Gas Treatment process.

Global sulphur recovery technology market is projected to register a healthy CAGR of 11.5% in terms of value during the forecast period (2016–2026). This is mainly attributed to various factors, regarding which FMI offers detailed insights in its report.

Drivers and Trends

Growth of global sulphur recovery technology market is influenced by a number of factors primarily, increasing oil & gas exploration activities and stringent environmental regulations. Growing number of refineries and gas processing plants have also enhanced the market for sulphur recovery technologies worldwide.

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Key trends observed in the global sulphur recovery technology market are increasing partnerships between refineries and fertilizer producers and modifications to enhance sulphur recovery technologies. Along with this, refineries are adopting specialized Tail Gas treatment recovery process to enhance their sulphur recovery yield.

Market Segmentation

On the basis of capacity, global sulphur recovery technology market is segmented into 300 t/D. The