Glycol Dehydration Unit Market

Introduction

The glycol dehydration unit market report by Persistence Market Research provides information about market value (US$ Mn) projections, market dynamics, key developments and projects, and forecast factors in the global glycol dehydration unit market for the period of study - 2018-2028.

Globally, the glycol dehydration unit market was valued at US$ 136.1 Mn by 2017 end, and is projected to expand and reach US$ 220.5 Mn by the end of 2028.

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Rising Demand for Natural Gas from Multiple End-Use Industries to Assist the Sales of Glycol Dehydration Units

The growing adoption of gas instead of oil in various end-use industries across the globe has become a key trend. This can be attributed to the less harmful nature of gas as far as the environment is concerned when compared to oil.

As such, establishing new and developing gas fields would be the key agenda of numerous economies across the globe. Thus, with increasing natural gas production activities, the demand for gas treatment technologies such as glycol dehydration units is also expected to surge.

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Supply Contracts, Acquisition Activities, and Provision of Customized Units – Focus Areas for Glycol Dehydration Unit Manufacturers

Prominent manufacturers of glycol dehydration units are continuously focusing on acquisitions and supply contracts for natural gas dehydration units. Also, various manufacturers are involved in the development of customized glycol dehydration units as per customer specifications, in order to enhance their presence and cater to a wide customer base across the globe.

For instance, Frames Group recently signed a contract with Chevron Nigeria Ltd. to supply glycol dehydration units for their natural gas processing facility based in Nigeria.

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Triethylene Glycol – Key Segment for Glycol Dehydration Units

Globally, the glycol dehydration unit market has been segmented on the basis of glycol type into ethylene glycol, diethylene glycol, triethylene glycol, and tetraethylene glycol. The triethylene glycol segment is anticipated to account for a prominent share in the global glycol dehydration unit market over the forecast years.

Triethylene glycol is the most commonly utilized glycol for natural gas dehydration processes, owing to the advantages associated with it as compared to other glycol types such as low vapor losses and low operating costs, and also it can be easily regenerated to a higher degree of purity.

The low purity triethylene glycol segment is expected to create 1.9X incremental opportunity as compared to the high purity triethylene glycol segment during the forecast years.

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Market Growth to be Prominent in Middle East & Africa and North America in the Near Future

Continuous investments in natural gas processing facilities across countries such as the U.S, Nigeria, Egypt, etc., is found to be the key factor that is expected to push the demand for dehydration technologies and equipment, and, in turn, propel the growth of the glycol dehydration unit market in these regions.

Both, in terms of market volume as well as value, Europe accounts for a prominent share in the global glycol dehydration unit market. The markets in South Asia & Pacific is anticipated to witness an above average growth rate over the forecast years. In terms of market value, the market in East Asia is expected to witness 1.3X growth in the global glycol dehydration unit market.

Glycol Dehydration Unit Market – Competitive Landscape

Some of the market players included in the global glycol dehydration unit market report are Exterran Corporation, Schlumberger Limited, Enerflex Ltd., Pietro Fiorentini S.p.a., QB Johnson Manufacturing, Inc., Frames Group, Axens, KW International, Propak Systems Ltd., Alco Group, Croft Production Systems, Inc., Nihon Seiki Co., Ltd., ALLIA France, etc.

Globally, the glycol dehydration unit market is consolidated, with the top 5 providers holding a significant share in the market.

Globally, the glycol dehydration unit market has witnessed various developments in the recent past. Long-term contracts with end users and acquisitions are found to be the key focus areas of glycol dehydration unit manufacturers across the globe.

• In April 2017, Chevron Nigeria Ltd awarded a contract to Frames Group BV to provide a natural gas dehydration unit for its offshore gas gathering and compression platform.
• For instance, in March 2018, Petrobras signed a contract of US$ 587 Mn to build a natural gas processing unit in Rio de Janeiro.

Key Questions Answered in the Report

• How has the glycol dehydration unit market evolved in the past 4 years?
• How is the glycol dehydration unit market expected to take shape in terms of value and volume over the next decade?
• What are the competition developments and key trends identified in the global glycol dehydration unit market?
• What are the market dynamics in the global glycol dehydration unit market?
• What are the competition developments and key trends identified in the global glycol dehydration unit market?
• What are the key challenges for glycol dehydration unit manufacturers?
• By region, what is the market presence of prominent companies in the glycol dehydration unit market?
• What is the market share of the top 5 players in the global glycol dehydration unit market?

Glycol Dehydration Unit Market: Segmentation