The global sulphur recovery technology market is expected to grow at a CAGR of 10 %. 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.

Claus Method of Sulphur Recovery Dominated the Market

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.

Covid-19 Impact on the 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. The pandemic had affected various sectors however; the use of sulphur in petroleum stabilized the market impact to some extent during the pandemic. The market is expected to grow as demand is expected to increase during post pandemic scenario.

Middle East and Africa Led the Market

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 2020 reached approximately 9.8 million metric tons. This figure has been relatively constant through the last five years. As there is significant growth in population there is an increasing demand for sulphur production. The Middle East and Africa witness a steady market growth. Major oil field operations are carried out on Russia and Canada.

Key players

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. Along with this, refineries are adopting specialized Tail Gas Treatment recovery process to enhance their sulphur recovery yield.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Sulphur Recovery Technology market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Sulphur Recovery Technology market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Sulphur Recovery Technology market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Sulphur Recovery Technology market?
• Which is the largest regional market for Sulphur Recovery Technology market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Sulphur Recovery Technology market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Sulphur Recovery Technology market worldwide?