Dublin, July 20, 2023 (GLOBE NEWSWIRE) -- The "Global Sulphur Recovery Technology Market (2023-2028) by Technology, Source of Recovery, Capacity, Application, and Geography, Competitive Analysis, Impact of Economic Slowdown & Impending Recession with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Sulphur Recovery Technology Market is estimated to be USD 1.3 Bn in 2023 and is expected to reach USD 1.67 Bn by 2028, growing at a CAGR of 5.16%.
Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the Global Sulphur Recovery Technology Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
The analyst analyses the Global Sulphur Recovery Technology Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Sulphur Recovery Technology Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth Market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the Market are also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains a competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 196 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $1.3 Billion |
| Forecasted Market Value (USD) by 2028 | $1.67 Billion |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Global |
Market Dynamics
Drivers
- Ever-Increasing Application of Sulphur across Pharmaceuticals, Cosmetics, and Fertilizers Industries
- Rising Awareness to Alleviate Greenhouse Gas Emissions Globally
- Growing Favorable Government Activities in Refinery Projects of Oil and Gas Sector
Restraints
- Increasing Gap Between Supply and Demand of Sulphur Recovery Technology
Opportunities
- Extensive Investment in Research and Development Activities to Introduce Advanced Technologies
- Proliferation in the Number of Exploration and Production Activities of Shale Gas
Challenges
- Concerns of Reduced Demand for Sulphur across Few Regions
Companies Mentioned
- AMEC Foster Wheeler PLC
- Bechtel Corp.
- Black & Veatch Holding Company
- Chiyoda Corp.
- Enersul Limited Partnership
- Exxon Mobil Corp.
- Fluor Corp.
- GTC Technology LLC
- Jacobs Engineering Group, Inc.
- KT-Kinetics Technology SpA
- Linde Ag
- Praxair, Inc
- PROSERNAT
- Royal Dutch Shell PLC
- TechnipSpA
- Worley Parsons Ltd
Market Segmentation
The Global Sulphur Recovery Technology Market is segmented based on Technology, Source of Recovery, Capacity, Application, and Geography.
- By Technology, the market is classified into Claus Process and Tail Gas Treatment.
- By Source of Recovery, the market is classified into Oil, Gas, and Others.
- By Capacity, the market is classified into < 100 t/D, 101-200 t/D, 201-300 t/D,300 t/D.
- By Application, the market is classified into Refineries, Gas Processing Plants, Power Plants, and Others.
- By Geography, the market is classified into Americas, Europe, Middle East & Africa and Asia-Pacific.
For more information about this report visit https://www.researchandmarkets.com/r/7w3h0
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