Global Hydrogen Sulfide market is estimated to be worth US$ 89.6 million by the end of 2023
The global hydrogen sulfide market that was valued at US$ 69.8 million in 2016 and is estimated to be worth US$ 89.6 million by the end of 2023, registering growth at an impressive CAGR of 3.65%. https://www.qyresearch.com/index/detail/422986/global-hydrogen-sulfide-sales-market
The global hydrogen sulfide market that was valued at US$ 69.8 million in 2016 and is estimated to be worth US$ 89.6 million by the end of 2023, registering growth at an impressive CAGR of 3.65%. https://www.qyresearch.com/index/detail/422986/global-hydrogen-sulfide-sales-market
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<strong>Global</strong> <strong>Hydrogen</strong> <strong>Sulfide</strong> <strong>market</strong> <strong>is</strong><br />
<strong>estimated</strong> <strong>to</strong> <strong>be</strong> <strong>worth</strong> <strong>US$</strong> <strong>89.6</strong><br />
<strong>million</strong> <strong>by</strong> <strong>the</strong> <strong>end</strong> <strong>of</strong> <strong>2023</strong><br />
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• <strong>Hydrogen</strong> sulfide <strong>is</strong> a colorless, flammable, extremely hazardous gas with a “rotten<br />
egg” smell. It occurs naturally in crude petroleum, natural gas, and hot springs. In<br />
<strong>the</strong> report, we count hydrogen sulfide ex<strong>is</strong>ting as a liquid compressed gas. We<br />
mainly cover high purity hydrogen sulfide.<br />
• The global production <strong>of</strong> hydrogen sulfide increased from 5823.9 <strong>to</strong>ns in 2012 <strong>to</strong><br />
6794.1 <strong>to</strong>ns in 2016, at a CAGR <strong>of</strong> 3.93%. In 2016, <strong>the</strong> global hydrogen sulfide<br />
<strong>market</strong> <strong>is</strong> led <strong>by</strong> Europe. USA <strong>is</strong> <strong>the</strong> second-largest region-w<strong>is</strong>e <strong>market</strong>. At present,<br />
<strong>the</strong> major manufacturers <strong>of</strong> hydrogen sulfide are concentrated in Europe, USA and<br />
China. Air Liquide <strong>is</strong> <strong>the</strong> world leader, holding 36% production <strong>market</strong> share in 2016.<br />
The countries <strong>of</strong> China and Rest <strong>of</strong> <strong>the</strong> World largely dep<strong>end</strong> on <strong>the</strong>se regions for<br />
import <strong>of</strong> hydrogen sulfide <strong>to</strong> meet <strong>the</strong>ir internal demand. The Linde Group,<br />
Praxair, Air Products and Chemicals, Messer Group and Ma<strong>the</strong>son Tri-Gas are both<br />
key players in <strong>the</strong> global <strong>market</strong>. The global hydrogen sulfide <strong>market</strong> that was<br />
valued at <strong>US$</strong> 69.8 <strong>million</strong> in 2016 and <strong>is</strong> <strong>estimated</strong> <strong>to</strong> <strong>be</strong> <strong>worth</strong> <strong>US$</strong> <strong>89.6</strong> <strong>million</strong><br />
<strong>by</strong> <strong>the</strong> <strong>end</strong> <strong>of</strong> <strong>2023</strong>, reg<strong>is</strong>tering growth at an impressive CAGR <strong>of</strong> 3.65%.<br />
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<strong>Hydrogen</strong> sulfide <strong>is</strong> used as a dopant for indium phosphide and gallium<br />
arsenide semiconduc<strong>to</strong>rs, and as a precursor for <strong>the</strong> growth <strong>of</strong> zinc sulfide<br />
semiconduc<strong>to</strong>rs, also used as an analytical reagent in chemical analys<strong>is</strong> and as<br />
an odourant in <strong>to</strong>wn gas. <strong>Hydrogen</strong> sulfide <strong>is</strong> used for metal separation,<br />
removal <strong>of</strong> metallic impurities and for preparation <strong>of</strong> metallic sulfide.<br />
<strong>Hydrogen</strong> sulfide <strong>is</strong> used in calibration mixtures for <strong>the</strong> petrochemical<br />
industry and em<strong>is</strong>sion control applications. The demand for hydrogen sulfide<br />
<strong>is</strong> expected <strong>to</strong> continue increasing during <strong>the</strong> remaining years <strong>of</strong> <strong>the</strong><br />
forecast period <strong>of</strong> 2018-<strong>2023</strong>. <strong>Hydrogen</strong> sulfide industry will usher in a<br />
stable growth space.<br />
From 2012-2016, <strong>the</strong> price <strong>of</strong> hydrogen sulfide has decreased and we expect<br />
<strong>the</strong> price will slightly lower in <strong>the</strong> future.<br />
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As <strong>the</strong> same time, companies are focusing on technological innovation,<br />
equipment upgrades, and process improvements, <strong>to</strong> reduce costs and<br />
improve quality. With <strong>the</strong> snatch for <strong>market</strong> share in emerging regions,<br />
<strong>the</strong> competition in hydrogen sulfide industry will <strong>be</strong>come more intense.<br />
Click <strong>to</strong> view <strong>the</strong> full report:<br />
https://www.qyresearch.com/index/detail/422986/globalhydrogen-sulfide-sales-<strong>market</strong><br />
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