Posted 2/21/2024, 3:45:00 PM
Stringent Laws Drive Growth of $2.4B Contaminant Removal Market for Oil and Gas
- Stringent emission limits and environmental laws driving growth of sulfur, arsine, and mercury remover market in oil and gas sector
- Market projected to reach $2.4 billion by 2031, growing at a CAGR of 5.6%
- Natural gas applications expected to dominate the market
- Key players investing in R&D and strategic alliances to boost innovation
- Increasing natural gas production, especially from shale gas, creating demand for contaminant removal products