Glycol Dehydration Unit Market

Glycol Dehydration Unit Market Study by Ethylene Glycol, Diethylene Glycol, Triethylene Glycol, and Tetraethylene Glycol from 2024 to 2034

Analysis of Glycol Dehydration Unit Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Glycol Dehydration Unit Market Outlook (2024 to 2034)

The glycol dehydration unit market is anticipated to witness a moderate CAGR of 4.6% from 2024 to 2034. This growth trajectory is expected to boost the market's overall value from its current value of US$ 182.2 million in 2024 to a projected US$ 285.7 million by the end of 2034.

The market for glycol dehydrators is experiencing a substantial shift due to the increasing demand for efficient natural gas dehydration solutions, particularly in producing clean energy. This is expected to continue due to the rising demand for natural gas in various industrial applications.

Key Market Growth Drivers

  • Glycol dehydration units are critical for efficient and safe natural gas production to eliminate water vapor from streams, offering safe transportation and processing. They are in high demand internationally amongst gas producers.
  • Glycol dehydrators have minimal fouling and corrosion-related operating and maintenance expenditures, which makes them highly sought after in the global gas processing industry.
  • Triethylene glycol (TEG) or diethylene glycol (DEG) are commonly used as absorbents in glycol dehydration units to efficiently catch water vapor, guaranteeing the purity of natural gas for distribution and transportation. Such initiatives pioneered the gas treatment industry's secure transit.
  • The need for glycol dehydrators to dehydrate natural gas and prevent corrosion is growing due to the increased exploration and production operations in the oil and gas sector.

The global demand for glycol dehydration units is expected to expand over the projected period, owing primarily to a robust product pipeline. As more creative and effective solutions are created and made publicly available, the industry is likely to grow gradually over the upcoming decade.

Report Attributes Details
Estimated Market Value (2024E) US$ 182.2 million
Forecasted Market Value (2034F) US$ 285.7 million
Global Market Growth Rate (2024 to 2034) 4.6% CAGR
Ethylene Glycol Segment Growth Rate (2024 to 2034) 4.7%
Standard Units Segment Growth Rate (2024 to 2034) 4.4%
North America Market Share (2024) 29.8%
East Asia Market Share (2024) 33.9%
Key Companies Profiled
  • Exterran Corporation
  • Schlumberger Limited
  • Enerflex Ltd.
  • Pietro Fiorentinnin S.p.a.
  • QB Johnson Manufacturing Inc.
  • Frames Group
  • Axens
  • KW International
  • Propak Systems Ltd.
  • Alco Group
  • Croft Production Systems Inc.
  • Nihon Seiki Co., Ltd.
  • ALLIA France

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Which Factors Have Driven the Global Surge in the Glycol Dehydration Unit Industry?

“Growing Need of Dehydration Process in Global Oil and Gas Industry Boost Demand for Glycol Dehydrators”

The glycol dehydration market is a crucial subset of the natural gas processing industry. The sector extracts water vapour from natural gas streams using glycol-based dehydration devices, guaranteeing that the gas is clean and of superior quality. Without this procedure, water vapors might cause several problems, including hydrate formation, corrosion, and a decreased heating value, which could be detrimental to the natural gas's overall quality.

The glycol dehydration unit industry is essential to the effective and dependable production of high-quality natural gas, which is becoming increasingly crucial as the need for sustainable energy sources grows global. The process of extracting natural gas is clean and dry because the water content is absorbed by the glycol dehydrators when the gas comes into contact with a liquid glycol solution.

“Demand for Fossil Fuel Alternative Drives the Market Growth”

The rising requirement for natural gas as a cleaner and more ecologically friendly fuel than conventional fossil fuels drives up demand for glycol dehydration units. Effective dehydration solutions are critical as governments and businesses emphasize environmentally friendly practices globally. The market for glycol dehydration units is growing due to the development of high-performance glycols and more energy-efficient units, among other advancements in glycol dehydration technology.

The rising exploration and production efforts in unconventional oil and gas reservoirs in the energy industry demand glycol dehydration units. These dehydration machines are critical in ensuring that gas quality requirements and environmental laws are rigorously followed. Because of their crucial relevance in achieving the industry's stringent criteria, demand for glycol dehydrators is expected to rise steadily in the forthcoming decade.

Which Factors Present Challenges to the Glycol Dehydration Unit Market Growth?

“Rising Prevalence of Foaming During Process Fogs the Global Glycol Dehydration Industry”

Foaming during the dehydration processing is the main obstacle facing the global glycol dehydration unit industry. Foaming can reduce production rates and increase water content in revenue gas. Hydrocarbon liquids and particles in the glycol loop are usually the source of foaming, which can lead to ineffective dehydration.

An essential part of natural gas dehydration, glycol can be contaminated over time and cause problems for equipment parts such as regenerators, contactors, exchangers, and reboilers. This might result from increased operational expenses, safety risks, and lower efficiency. To avoid these problems, glycol quality must be regularly monitored and maintained.

These challenges can strongly impact glycol dehydration units' total efficacy and efficiency. Hence, operators and manufacturers must find practical ways to address them. This can reduce the need for glycol dehydration units on the global level.

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Country-wise Insights

The North American glycol dehydrators industry is expected to rise at a 5.4% CAGR through 2034. With a 56.5% market share in 2024, the United States is expected to lead the North American glycol dehydration unit market. Meanwhile, the glycol dehydration unit sector in East Asia is expected to increase at a phenomenal annual rate of 4.9% by 2034. Glycol dehydrators are expected to account for 52.2% of China's industry in 2024.

Why is the United States Leading the Global Glycol Dehydration Unit Market?

“Rigid Oil and Gas Industries Safeguards the United States Glycol Dehydration Unit Sector”

According to Fact.MR., The demand for glycol dehydrators in the United States is expected to rise and reach US$ 30.7 million in 2024. The United States is anticipated to command a 56.5% share of the North American glycol dehydration unit market in 2024. This market has grown significantly in recent years. The projected growth rate is 4.9% CAGR between 2024 and 2034.

The United States is experiencing a significant increase in the oil and gas industry expansion, leading to a higher demand for glycol dehydration units. The country's energy sector has projected to maintain process reliability, ensure the consistency of production, and minimize downtime while processing glycol dehydration.

Given the ability to offer an economical and effective dehydration process solution, the United States' glycol dehydration unit business is showing signs of promise for domestic oil and gas producers. The sector is growing due to an increasing companies investing in glycol dehydration units to fulfill the rising demand.

Which Factors Position China as a Prospering Glycol Dehydration Unit Industry?

“Growing Gas Processing Demand Propels the Chinese Glycol Dehydration Unit Sector”

The need for glycol dehydration units is predicted to rise severely in China, with a market value of US$ 32.2 million estimated in 2024. Furthermore, the predicted CAGR for the projection period is 4.3%, which is nurturing. This expected increase would result in a market value of US$ 49.2 million by 2034.

Gas Dehydration is a widely used process in Gas Processing Plants across China. Its primary goal is to dry out natural gas to reach the water dew point needed for downstream processes such as NGL extraction or pipeline specifications. This process is essential to prevent hydrate formation at low temperatures and reduce corrosion problems caused by carbon dioxide or hydrogen sulphide in natural gas.

Chinese gas processing units are in high demand for glycol-based gas dehydration processing units. These units require minimal maintenance and have been proven to provide optimal product outcomes in the Chinese energy sector. Consequently, China has become a fertile environment for the glycol dehydration units market, likely to flourish over the following decade.

Category-wise Insights

Based on glycol type, it indicates that the ethylene glycol segment is likely to hold a substantial 58.2% share in the glycol dehydrators market in 2024. The market share of triethylene glycol is anticipated to reach 24.2% in 2024.

The standard units segment is expected to hold a 38.2% market share in 2024 due to its product type. Simultaneously, the custom units segment would secure 33.6% of the market.

Why is the Glycol Dehydration Unit Industry's Augmented Demand for Ethylene Glycol?

“Meningococcal Conjugate Vaccine Cures the Global Glycol Dehydration Unit Industry”

Dehydration units based on ethylene glycol had a 58.5% market share in 2024. The ethylene glycol dehydrators sector is expected to grow at a 4.7% CAGR over the next decade. In 2024, the demand for ethylene glycol dehydration units is estimated to be worth US$ 106.6 million. Ethylene glycol is a widely used technique for extracting water from generated gas. A traditional glycol dehydrator does not employ ethylene glycol (EG). Lowering the hydrate temperature in refrigeration units is the primary application of ethylene glycol in the dehydration of natural gas.

The demand for ethylene glycol-based dehydration units is rising globally because their restricted use is necessary for quick, high-quality gas processing. The water absorbed in the contactor is released in the regenerator and was previously vented into the atmosphere when the rich glycol regenerates into lean glycol. Regretfully, the other varieties of glycol physically absorb acid gas and hydrocarbons in addition to absorbing water in the contactor. Ethylene glycol's ability to absorb water vapors in the gas process, leaving other components behind, has increased the global demand for ethylene glycol-based dehydration units.

Know thy Competitors

Competitive landscape highlights only certain players
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Competitive Landscape

The glycol dehydration unit market has seen several changes recently globally. Global glycol dehydrator producers are reported to focus primarily on long-term contracts with end customers and acquisitions.

Key players in the glycol dehydration unit market include Exterran Corporation, Schlumberger Limited, Enerflex Ltd., Pietro Fiorentini S.p.a., QB Johnson Manufacturing, Inc., Frames Group, Axens, KW International, Propak Systems Ltd., Alco Group, Croft Production Systems, Inc., Nihon Seiki Co., Ltd., ALLIA France, and others.

Other strategic alliances, such as partnerships and collaborations, are also cultivated to improve operational efficiency and broaden market reach. Businesses also employ product launches and other marketing initiatives to get a competitive edge and grow the glycol dehydration unit market.

  • In September 2023, Tatweer Petroleum submitted an EPC tender for gas dehydration facilities in Bahrain's Awali region, ensuring compliance with various non-associated gas well hook-ups, pipelines, and tie-ins.
  • In September 2023, Abu Dhabi National Oil Company (Adnoc) initiated the development of the Habshan carbon capture, utilization, and storage (CCUS) project, one of the greatest carbon capture projects in the Middle East.

Segmentation of Glycol Dehydration Unit Market

  • By Glycol Type:

    • Ethylene Glycol
    • Diethylene Glycol
    • Triethylene Glycol
    • Tetraethylene Glycol
  • By Design:

    • Standard Units
    • Semi-Custom Units
    • Custom Units
  • By Region:

    • North America
    • Europe
    • East Asia
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

- FAQs -

What was the value of the glycol dehydration unit market in 2019?

The global glycol dehydration unit market was worth US$ 147.8 million in 2019.

What is the sales outlook for the glycol dehydration unit in 2024?

The sales outlook for glycol dehydration unit is likely to be valued at US$ 182.2 million in 2024.

What is the demand forecast for glycol dehydration unit for the decade?

Demand for glycol dehydration unit is projected to reach a market value of US$ 285.7 million by the end of 2034.

What is the adoption growth projection for glycol dehydration unit?

Adoption of glycol dehydration unit is projected to rise at a CAGR of 4.6% through 2034.

At what rate is the North American market in predicted to grow?

North America’s market for glycol dehydration unit is forecasted to expand at a CAGR of 5.4% through 2034.

Glycol Dehydration Unit Market

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