Hydrogen Sulphide Market Size Forecast to Reach $1.48 Billion by 2026 – MENAFN.COM

  • Date: 08-May-2021
  • Source: MENAFN
  • Sector:Industrial
  • Country:Gulf
  • Who else needs to know?

Hydrogen Sulphide Market Size Forecast to Reach $1.48 Billion by 2026 – MENAFN.COM

(MENAFN - GetNews) Increasing Demand for Superior Quality Pesticides to Augur Driving the Growth of Hydrogen Sulphide Market. Technical grade held the largest share in the hydrogen sulphide market in 2020. The technical grade has wide application in industrial verticals including chemical synthesis, and is available with up to 99. 5% purity. Technical grade hydrogen sulphide is used as a component in various balance gases and primarily used in environmental monitoring applications. Hydrogen Sulphide are used as a dopant for indium phosphide and gallium arsenide semiconductors, and as a precursor for the growth of zinc sulphide semiconductors. Chemical Industry dominates the hydrogen sulphide market growing at a CAGR of 6% during forecast period 2021-2026. Chemical industry is the fifth largest global manufacturing industry. High demand for chemicals used in manufacturing will dovetail with a rise in production capacity as new chemical facilities open to take advantage of the shale gas boom. According to BASF SE, global chemical production is expected to grow by 1. 2% in 2020, much slower than in 2019. The decline in production was due to growth below the prior-year level in the emerging markets. The International Council of Chemical Associations (ICCA) reports that more than 95%