Gas Treating Amine Market Analysis

Application (Natural Gas Sweetening, Biogas Purification, Refinery Gas Treatment, Acid Gas Removal, Others)

The natural gas sweetening segment registered a 32.3% gas treating amine market share in 2024 and is poised to increase its revenue share by the end of the forecast period. The segment’s growth curve is attributed to its growing usage of amine-based treatments to remove carbon dioxide and hydrogen sulfide. Amine-based solutions have solidified itself as the most commonly used process in natural gas sweetening. Monoethanolamine (MEA) and diethanolamine (DEA) are widely used in the sweetening process owing to their efficiency in separating and absorbing acidic gasses from natural gas streams. The rising global demand for natural gas as an alternative to coal is projected to continue the growth of the segment. Additionally, advancements in new formulations to improve energy efficiency in the natural gas sweetening process will fuel a profitable growth curve by the end of 2037.

The biogas purification segment by application of the gas treating anime market is poised to increase its revenue share during the forecast period. Biogas plants are attracting significant investments that boost the application of amine-based solutions for biogas treatment. For instance, in February 2024, Gasum announced investments of USD 67.8 million in a new biogas plant in Sweden. Amine-based solutions are effective in removing impurities such as carbon dioxide, hydrogen sulfide, and water vapor from biogas to upgrade them to biomethane for use in power generation. The World Biogas Association estimates that 700 biogas plants have upgraded to biomethane globally.

End user (Oil & Gas Industry, Refining Industry, Power Generation, Renewal Industry, Others)

The oil and gas industry is projected to be the largest end-user of amine-based treatments and increase the revenue share in gas treating amine market  by the end of the forecast period.  The segment’s growth is attributed to the reliance on amine-based solutions for gas purification. Additionally, the segment is under scrutiny from national and international organizations to reduce emissions of greenhouse gases, necessitating the adoption of gas treatment solutions. This leads to a steady application of amine-based solutions in the oil and gas industry. The rising investments in the oil and gas industry are positioned to increase demand for amine-based treatment solutions. For instance, in September 2024, Oil India announced plans to expand the oil refinery capacity in Assam, India, to 1800000 bpd by March 2027.

Our in-depth analysis of the gas treating amine market includes the following segments: