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Pulished Date August, 2019
ID: 8700
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Gas Processing Market by product (dry gas and NGL) and Region (Asia Pacific, Europe, North America, South America, Middle East & Africa) - Global Forecast to 2025

Pulished: August, 2019
ID: 8700
Pages: 175

Gas Processing Market value and growth:

Gas Processing Market size was about USD xx Billion in 2020. It is expected to raise at a CAGR of 4% to develop to around USD 214 Billion by 2025.

Gas Processing Market overview:

Increased demand for natural gas is driving the industry. The abundance, versatility, and the clean-up characteristics of natural gas drive its requirement. As a result of the enhanced use of natural gas in transport, the demand for natural gas has risen. In addition, natural gas supply for power generation is another variable increasing the development of the industry in emerging nations. This increased demand for natural gas will contribute to the development during the forecast period of the world gas handling industry.

What is a Gas Processing?
Gas processing is utilized to divide hydrocarbons and get rid of impurities from unrefined natural gas obtained from oil and gas wells to offer value-added products like dry gas and NGL. 

Gas Processing Market segmentation:

On the basis of product, the market is separated into Dry gas, NGL Content Management. In terms of the most significant market share in Gas Processing market, North America is one of the significant areas of the globe. In North America, this demand for this industry is boosting both in terms of oil and natural gas. In the prediction years, Europe is anticipated to develop as the main competitors. In the next few years, the APAC region is expected to achieve the highest CAGR. 

Gas Processing Market Drivers:

 Some factors which are driving the global gas processing market are fast expansion in natural gas production, rising initiatives for adoption of NGL, and increasing call for natural gas. Pressure-assisted stripping (PAS) technology further fuels the efficiency of gas purification procedure by lowering the requirement for heat generation by more than 25%. In the same manner, dynamic compressor model technology assists in reducing operational costs by improving the understanding of instabilities and operational failures of compressors during the acid cleaning operation. These innovations in gas processing technology are seen as critical gas processing market trends that will have a positive effect on the expansion of the market.

 The production of natural gas is escalating owing to the escalated investments in upstream oil and gas and E&P activities to improve the production of natural gas. According to the IEA, global upstream oil and gas investments rose by 6% in 2019 over that in 20178. The adoption of natural gas is growing as they produce lower greenhouse gas emissions as compared to other fossil fuels throughout combustion. The US and China are the most significant contributors to the global natural gas production due to the escalated shale oil and gas drilling activities in the US, and CBM and shale gas drilling activities in China. Therefore, the rising natural gas production due to higher investments and upstream oil and gas activities is driving the call for gas processing that in turn, driving the expansion of the market. 

The abundance, versatility, and lower carbon dioxide emissions of natural gas have fuelled its popularity in end users. The call for natural gas is exceptionally high in the APAC region, where the employment of natural gas has escalated notably in fertilizer plants, power generation units, transportation, petrochemicals, and residential and commercial segments. As natural gas is a clean and environment-friendly fuel, it is highly being employed as a fuel in the transportation and power generation segment, mainly in growing countries like China and India. The rising call for natural gas will create a requirement for gas processing for separating impurities like hydrogen sulfide, carbon dioxide, nitrogen, and water vapor from unrefined natural gas. 

 Restraints:

 Environmental dangers related to hydraulic fracturing is the key restraining factor hampering the expansion of the global gas processing market.

 Opportunities:

 The increasing call for natural gas will be a significant factor boosting the expansion of the gas processing market at a CAGR of over 4% throughout the forecast period. This rising call for natural gas and innovations in gas processing technology are some of the factors estimated to drive market expansion in future. The market report offers a complete analysis of the market by product (dry gas and NGL) and geography (APAC, Europe, MEA, North America, and Latin America). The global gas processing market is showcasing the advancement of many innovative technologies that will improve the technical and economic feasibility of gas processing operation. By reducing energy consumption, these technologies will assist gas processing firms to make major cost savings. For example, immobilized amine technology assists in decreasing the energy and size of the gas processing reactor in the absence of an aqueous solvent by improving gas processing. It also reduces energy consumption during water evaporation. 

Challenges:

Strict environmental rules relating to hydraulic fracturing issued by governments and agencies to safeguard public interests are estimated to hinder the global gas processing market expansion in future. 

Gas Processing Market geographical analysis:

Market Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

North America gas processing market accounted for the largest share in the global business in 2019. Even though the market's expansion in North America will be slower than the development of the market in MEA, the region will account for the most significant gas processing market share throughout the forecast period. The US is a substantial market for gas processing in the area. The rising oil and gas E&P activities will boost the call for gas processing in North America. The discovery of many oil and gas reserves in North America has fueled oil and gas E&P activities and consequently escalated oil and gas production. The increasing call for natural gas is one of the critical reasons for the expansion of the gas processing market. Escalated investments in upstream oil and gas E&P activities have resulted in a significant increase in the production of natural gas. Furthermore, the adoption of natural gas is rising highly as it produces lower greenhouse gas emissions as compared to other fossil fuels. The US and China are the biggest contributors to global natural gas production due to the rise in shale oil and gas drilling activities in the US and shale gas drilling activities in China.

Gas Processing Market key players:

Major companies plying their trade in the Gas Processing Market include Gazprom (Russia), Exxon Mobil (US), China National Petroleum (China), Royal Dutch Shell (U.K), BP (U.K.), and Chevron (US), Total (France), Statoil (Itlay), ConocoPhillips (U.S) Eni (U.S.

Recent Developments and Trends
 
PGNiG has declared that it is the only user of a small-scale LNG reloading station in Lithuania. As of 1 April 2020, Polskie Górnictwo Naftowe i Gazownictwo (PGNiG) is the sole user of the small LNG reloading station in Klaipeda, Lithuania that gives the firm access to the Baltic Sea markets and lets it optimize the logistics of LNG supplies to consumers in north-eastern Poland.
 
TransCanada Corp. finished the transaction to acquire all pending shares of Columbia Pipeline Group Inc. for an aggregate purchase cost of around USD 13 B, including the assumption of approximately USD 2.8 B of debt.  

 

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Product                        

                                5.1.1 Introduction           

                                5.1.2 Dry Gas     

                                5.1.3 NGL            

                                5.1.5  Y-o-Y Growth Analysis, By Product              

                                5.1.6  Market Attractiveness Analysis, By Product            

                                5.1.7  Market Share Analysis, By Product              

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Product

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Product

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Product

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Gazprom                     

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Exxon Mobile                            

                8.3 China National Petroleum                    

                8.4 Royal Dutch Shell                     

                8.5 BP                   

                8.6 Chevron                       

                8.7 Total                              

                8.8 Statoil                           

                8.9 ConocoPhillips                           

                8.10 Eni                

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of By Product, and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Gas Processing Market By Region, From 2020-2025 ( USD Billion )
  2. Global Gas Processing Market By Product, From 2020-2025 ( USD Billion )
  3. Global Dry Gas Market By Region, From 2020-2025 ( USD Billion )
  4. Global NGL Market By Region, From 2020-2025 ( USD Billion )

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