According to the latest report published by Acute Market Reports “Sulphur Recovery Technology market” - Growth, Future Prospects and Competitive Analysis, 2020-2030,” theSulphur Recovery Technology marketis expected to expand at a CAGR of 10% from 2023 to 2030.

Sulphur recovery refers to the conversion of hydrogen sulphide (H2S) to elemental sulphur. Hydrogen sulphide is a by-product of processing natural gas and refining high-sulphur crude oils. There is significant growth in the oil and gas industry in the past few decades; this has resulted in the market growth of sulphur recovery technology market. The key application areas of sulphur include refineries, gas and power plants, pharmaceuticals industry, fertilizers, rubbers products, cosmetics and so on. The global sulphur recovery technology market is expected to grow at a CAGR of 10 %.

Due to increasing oil & gas exploration activities and stringent environmental regulations, sulphur recovery technology market has shown significant growth over the past few years. Growing number of refineries and gas processing plants in Asian and Middle East market have also enhanced the market for sulphur recovery technologies. The claus method produces about 90-95 % of sulphur and proves efficient process for sulphur production. Research and innovations are focusing on reducing emission of gases during the production process of sulphur.

Browse full report at: https://www.acutemarketreports.com/report/sulphur-recovery-technology-market

The pandemic had an adverse impact on oil and gas industry, which further impacted the sulphur recovery technology market. The pandemic restrained the logistics, supply chain process and production of sulphur. However, the demand of fertilizers in agriculture neutralised the market impact.

In 2020, Middle East and Africa was the largest market for sulphur recovery technology market. The Canada holds major sulphur export operations however china is also advancing in the sulphur market. Sulphur consumption in the United States in 2021 reached approximately 9.8 million metric tons. This figure has been relatively constant through the last five years.

Key players in this industry include Jacobs engineering group Inc, Amec Foster Wheeler, Technip SA, Linde AG, WorleyParsons Ltd, Chiyoda Corporation, Fluor Corporation,Enersul Limited Partnership, Royal Dutch Shell PLC, Bechtel Corporation. 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.

Key Market Movements:

• Sulphur Recovery Technology market is expected to grow at a CAGR of 10% during the forecast period of 2023 - 2030.
• The key application area of sulphur recovery includes refineries, gas and power plants, pharmaceuticals industry, fertilizers, rubbers products, cosmetics and so on.
  The pandemic had adverse impact on oil & gas industry.
• Middle East and Africa dominated the market in 2021.
• Key players in this industry include Jacobs engineering group Inc, Amec Foster Wheeler, Technip SA, Linde AG, WorleyParsons Ltd, Chiyoda Corporation, Fluor Corporation, Enersul Limited Partnership, Royal Dutch Shell PLC, Bechtel Corporation.
• 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.

Sulphur Recovery Technology market is segmented into:

*Detailed segments are available on the report page