Market Overview:

The Hydrogen Sulfide Market size is estimated to reach $298.9 Million by 2030, growing at a CAGR of 3.7% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Hydrogen Sulfide Market – By Grade (Technical Grade and Purified Grade), By Application (Pesticides, Dyes, Leather, Disinfectant, Sulfuric Acid Production and Others), By End User (Medical & Pharmaceuticals, Chemicals, Oil & Gas (Onshore and Offshore), Metal & Metallurgy, Plastics, Agriculture and Others) By Geography – Global Opportunity Analysis & Industry Forecast,  2024-2030”.

Hydrogen Sulfide Market: Key Takeaways

Asia-Pacific region held the largest share:

In the Hydrogen Sulfide Market forecast, Asia-Pacific held the largest market share of about 47% and is estimated to grow during the forecast period 2024-2030, primarily driven by the region's robust chemical industry, which heavily relies on hydrogen sulfide as a key raw material for sulfuric acid and sulfur production. Additionally, the increasing agricultural sector's demand for hydrogen sulfide-based fertilizers and pesticides fuels market growth. Rapid industrialization and urbanization across the region, coupled with increasing infrastructure and manufacturing investments, further contributes to the increasing demand and the market growth of the hydrogen sulfide market.

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Scope of the Report: 

Report Metric 

Details 

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

3.7%

Market Size in 2030

$298.9 Million

Segments Covered

By Grade, By Application, By End User, By Geography

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).

Key Market Players

  1. Air Liquide

  2. The Linde Group

  3. Praxair

  4. Air Products and Chemicals

  5. Evonik Industries

  6. Sobegi

  7. Messer Group

  8. Matheson Tri-Gas

  9. Dow Chemical

  10. hengdu Taiyu Industrial Gases Co. Ltd.

Recent Developments:
  •  The global demand for hydrogen sulfide is on the rise, driven by its increasing applications in various industries. It is used as a key raw material in the production of a wide range of chemicals, including pharmaceuticals, agrochemicals, and specialty chemicals. The growing demand for these end-use industries is directly impacting the hydrogen sulfide market.
  •  In June 2024, ExxonMobil has partnered with Air Liquide for the world's largest low-carbon hydrogen project, aiming to produce hydrogen from natural gas while capturing and storing carbon dioxide. This initiative underscores a growing focus on sustainable hydrogen production, potentially impacting hydrogen sulfide markets by influencing future production and environmental regulations.

Hydrogen Sulfide Market: Competitive Landscape

Key companies profiled in the Hydrogen Sulfide Market are:

1. Air Liquide
2. The Linde Group
3. Praxair
4. Air Products and Chemicals
5. Evonik Industries
6. Sobegi
7. Messer Group
8. Matheson Tri-Gas
9. Dow Chemical
10. Chengdu Taiyu Industrial Gases Co. Ltd.

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IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.

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IndustryARC
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