Global STEAM METHANE REFORMING Market Growth 2019-2024

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.
The global crude oil industry is dominated by large corporations, and these corporations are becoming larger through acquisitions, allowing themselves to offer a wider range of oil field services such as exploration, drilling, design, and engineering. Lower oil prices have a side effect to this industry. If the profit of upstream crude oil manufacturers is reduced, the willingness of these manufacturers to retrofit and upgrade new ones will be reduced, which may reduce such large projects

According to this study, over the next five years the STEAM METHANE REFORMING market will register a 2.7% CAGR in terms of revenue, the global market size will reach US$ 690 million by 2024, from US$ 600 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in STEAM METHANE REFORMING business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of STEAM METHANE REFORMING market by product type, application, key manufacturers and key regions and countries.

This study considers the STEAM METHANE REFORMING value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Steam Methane Reforming with PSA
Steam Methane Reforming with Amine Absorption
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Refinery
Chemical Industry
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
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

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global STEAM METHANE REFORMING consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of STEAM METHANE REFORMING market by identifying its various subsegments.
Focuses on the key global STEAM METHANE REFORMING manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the STEAM METHANE REFORMING with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of STEAM METHANE REFORMING submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.