Hydrogen Sulfide Scavengers Market Estimated to Expand at a Robust CAGR by 2027

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Hydrogen Sulfide Scavengers Market

• Global Industry Analysis, Size, Share, Growth,
  Trends and Forecast, 2027

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Hydrogen Sulfide Scavengers Market Key
Highlights

• The global hydrogen sulfide scavengers market was
  valued at US 440 Mn in 2018, and is anticipated
  to expand at a CAGR of 5 from 2019 to 2027.
• Increase in crude oil production enhances
  oilfield operations such as drilling, cementing,
  production, workover and completion, and well
  stimulation.
• This drives the demand for production chemicals
  such as hydrogen sulfide scavengers.
• Crude oil prices are increasing. OPEC members
  have reduced their production output in order to
  stabilize prices. Thus, price stability is
  expected to enhance oilfield operations, and
  thereby, drive the hydrogen sulfide scavengers
  market during the forecast period.

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Dyeing Printing Agents to be Leading Product
Segment of Global Textile Auxiliaries Market

• In terms of product, the global textile
  auxiliaries market can be categorized into
  pretreatment agents, dyeing printing agents,
  finishing agents, spin finishes, and knitting
  weaving auxiliaries.
• The dyeing printing agents segment accounted
  for a major market share in 2018. It is likely to
  remain the leading segment during the forecast
  period.
• Dyeing auxiliaries are chemical formulated
  products that are largely applied in dyeing and
  printing operations.
• These auxiliaries provide the required support
  to fabrics in printing and dyeing operations to
  achieve the desired effects and textures.
• This segment is estimated to expand at a CAGR of
  4 from 2019 to 2027..

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Stringent Regulatory Framework Regarding Release
of Toxic Chemicals and Pollutants to Hamper
Demand

• Textile auxiliaries are primarily associated with
  the significant use of chemicals such as dyes,
  fuel, and water for fabric treatment.
• The textile industry also produces a large
  number of harmful chemicals such as surfactants,
  salts, and biocides that can damage the
  environment through sewage or other sources.
• In the textile industry, a large amount of
  wastewater is generated along with toxic
  chemicals. These key factors are likely to hinder
  the global textile auxiliaries market during the
  forecast period.

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Key manufacturers operating in the global textile
auxiliaries market are

• Huntsman International LLC
• Solvay
• Archroma
• Dow Chemicals
• ZSCHIMMER SCHWARZ
• Fibro Chem, LLC
• Evonik Industries AG
• Fineotex Group

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