[FURL=https://www.industryarc.com/Report/15746/hydrogen-sulfide-market.html?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease]Hydrogen Sulphide Market[/FURL] size is forecast to reach $1.48 billion by 2026, after growing at a CAGR of 4% during 2021-2026. ??dr?g?n ?ulph?d? provides ? ???t-?ff??t?v? ?lt?rn?t?v? m?th?d t? r?m?v? ?2? ??rr????n in tr?d?t??n?l g??/l?qu?d ?w??t?n?ng ?r?????. Its wide usage in the chemical industry is further augmenting the market. Increasing usage and demand of hydrogen sulphide in emerging nations is presenting an opportunity for the hydrogen sulphide market to grow.Key Takeaways
Asia-Pacific dominates the hydrogen sulphide market owing to growth in chemical and oil and gas sector.
Technological innovation and advancement will further optimize the performance of the product, making it more widely used in downstream applications.
The market drivers and restraints have been assessed to understand their impact over the forecast period.
The report further identifies the key opportunities for growth while also detailing the key challenges and possible threats.
The other key areas of focus include the various applications and end use industry in hydrogen sulphide market and their specific segmented revenue.
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Hydrogen Sulphide Market Segment Analysis - By Geography
Asia-Pacific (APAC) dominated the Hydrogen Sulphide market consisting share of 39% in 2020 followed by North America and Europe. APAC as a whole is set to continue to be one of the largest and fastest growing chemical markets globally.
Hydrogen Sulphide Market Drivers
Increasing Demand for Superior Quality Pesticides to Augur Growth
A rapidly increasing population and high disposable income are driving demand for food to meet rising needs across the globe. However, every year crops killed by rodents, insects and other factors result in major monetary losses for the agricultural industry. According to the United States Department of Agriculture, about 40-50 per cent of crop yields are lost to pests and other diseases every year in developing regions. In order to reduce the destruction of crops and produce better yields, farmers and agro-business companies around the world are adopting high-quality pesticides. Hydrogen sulphide is used to extract sulphur and sulphuric acid that are further used in the manufacture of pesticides. Growing demand for pesticides from agricultural regions is expected to boost the global market for hydrogen sulfide in the coming years.
Hydrogen Sulphide market top 10 companies are BASF SE, Evonik Industries, Air Products and Chemicals, Sobegi, Messer Group, Hydrite Chemical.
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