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Let’s Understand 5.9% Growth Rate of STEAM METHANE REFORMING Market on Global Aspect and Influencing Factors

The global STEAM METHANE REFORMING market was valued at US$ 676.5 million in 2019 and it is expected to reach US$ 1014.9 million by the end of 2026, growing at a CAGR of 5.9% during 2021-2026.

Steam Methane Reforming, or SMR, processes feedstocks, ranging from natural gas to light naphtha, mixed with steam to produce a hydrogen rich syngas effluent, with a typical H2/CO ratio of 3:1 to 5:1. SMR based plants are most commonly used to produce a hydrogen product or a combination of a hydrogen stream and another syngas product. In an SMR based plant, a heated mixture of the hydrocarbon feedstock and steam flows through catalyst filled tubes within a fired furnace called a reformer. The report covers large and medium SMR with hydrogen production capacity ranging ranging more than 1000 Nm3 /hr.

The global demand for refinery hydrogen has increased significantly over the past decade due to changes in available crude feedstocks and tighter environmental regulations, which have forced the refining industry to reduce sulphur, olefins and aromatics content in transportation fuels. This, coupled with the continued growth in diesel demand, means that refiners are investing heavily in both hydrotreating and hydrocracking facilities, and are constantly looking for access to low-cost, 
reliable sources of high-purity hydrogen.

Global STEAM METHANE REFORMING Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global STEAM METHANE REFORMING Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.

Key Companies profiled in this report are Honeywell UOP, Air Liquide, Linde, Amec Foster Wheeler, Air Products and Chemicals, Caloric Anlagenbau GmbH, KBR, Heurtey Petrochem, McDermott, Haldor Topsoe, thyssenkrupp, Toyo Engineering Corporation and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.

Find more details at: https://www.themarketreports.com/report/global-steam-methane-reforming-market-research-report

Segment by Type

  • Steam Methane Reforming with PSA
  • Steam Methane Reforming with Amine Absorption

Segment by Application

  • Refinery
  • Chemical Industry
  • Others

Table of Content:

1 STEAM METHANE REFORMING Market Overview

2 Market Competition by Manufacturers

3 Production and Capacity by Region

4 Global STEAM METHANE REFORMING Consumption by Region

5 Production, Revenue, Price Trend by Type

6 Consumption Analysis by Application

7 Key Companies Profiled

8 STEAM METHANE REFORMING Manufacturing Cost Analysis

9 Marketing Channel, Distributors and Customers

10 Market Dynamics

11 Production and Supply Forecast

12 Consumption and Demand Forecast

13 Forecast by Type and by Application (2022-2027)

14 Research Finding and Conclusion

15 Methodology and Data Source

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