The global market for sour gas shift technology is expected to grow at a progressive growth rate during the forecast period. The growth is driven by the use of sour gas shift technology in gasification process. The gasification technology is capable of producing electricity and high end chemicals that are in huge demand driving the expansion of the gasification market. Moreover, the commercialization of coal to chemical processes is driving the growth of sour gas shift technology market. Further, the cost effective and environmentally friendly feature of sour gas shift technology has lured industries pioneers to use this technology in gasification process.
Sour gas shift technology is an essential component of gasification process, where part of the carbon monoxide in the raw gas from the gasification unit reacts with steam and results in process gas which has a composition suitable for the production of hydrogen, ammonia, methanol and substitute natural gas (SNG). Sour gas shift system increases the hydrogen production, produces syngas suitable for ammonia and methanol production.
Sour gas shift technology offers various advantages making this technology a popular choice among the industries leaders. Sour gas shift technology is cost effective owing to the fact that it allows operation at a lower steam to carbon monoxide ratio reducing the mass flow through the plant resulting in smaller-sized pipes and vessels. The sour gas shift technology is an advanced technology making coal to chemical plants more competitive and environmentally friendly. The technology provides large flexibility in the choice of the operating conditions which makes it possible to optimize the technology to maximize heat recovery by the production of high pressure steam.
Geographically, Sour gas shift technology market is expected to grow at a significant rate in the Asia-Pacific region. Commercialization in China and huge demand of fuel gas and chemicals in India is making them the leading market for the sour gas shift technology. In North American region, the U.S. is a potential market for sour gas shift technology due to the increasing use of substitute natural gas (SNG).
The industry leaders of the sour gas shift technology market are Clariant, Siemens, Sud-Chemie India Pvt Ltd, Royal Dutch Shell, Air Liquide and Haldor Topsoe among others.
Global Sour Gas Shift Technology Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2023