Global Steam Methane Reforming Industry was valued at USD 600 Million in the year 2019. Global Steam Methane Reforming Industry is further estimated to grow at a CAGR of 3% from 2019 to reach USD 710 Million by the year 2025. 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
Major market players in Steam Methane Reforming Industry 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 brief information of 8 more companies provided in the report.
Steam Methane Reforming Industry Segmentation:
Steam Methane Reforming Industry Overview, By Product
Steam Methane Reforming with PSA
Steam Methane Reforming with Amine Absorption
Steam Methane Reforming Industry Overview, By Application
Steam Methane Reforming Industry Overview, By Region
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa