As per the analysis of Market Research Future (MRFR), the global gas treatment market is expected to grow at a CAGR of 5.76% and attain a valuation of USD 4,950 Mn by the end of the forecast period of 2018-2023. The global gas treatment market was valued at USD 3,572 Mn in 2017.
Escalating demand for natural gas as an energy source from various industries has been a major drive for the global gas treatment market. Rapid industrialization generates high demand for natural gas since it has low environmental footprint and is easily available. It is being progressively used as a fuel for generation of electricity which is further spurring the growth of the market.
Gas treatment has become an inevitable process in order to ensure adherence to strict environmental norms. Raising awareness regarding worsening air quality has triggered the regulatory authorities of multiple countries to implement stringent air pollution control regulations which induce high demand for the global gas treatment market.
DowDuPont (US), Ecolab (US), Huntsman International LLC (US), Hexion (US), Clariant (Switzerland), BASF SE (Germany), Akzo Nobel N.V. (The Netherlands), Exxon Mobil Corporation (US), Eunisell Limited (Nigeria), and Berryman Chemical Inc. (US).
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