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Nov, 27 2019

Specialty Gas Market expected to witness market expansion with the increase in the areas for application of these gases

Specialty Gas Market is forecasted to grow at 7.1% for 2019 to 2026, although a number of restrictive factors are expected to be prevalent throughout this forecasted period, some of which are the complications arising in the packaging and transportation of these gases, lack in the maintenance of consistent quality being provided by the major market players along with the high cost levels of these gases in comparison to other gas variants.

With the implementation of various regulations and compliances in automobiles, the demand for specialty gases have expanded in lieu of “EURO VI” standards for their usage in LCV’s exhausts, along with this factor the demand rate for specialty gases in healthcare and electronics industry has also significantly affected the market’s growth in a positive manner.

Specialty Gas Market Scenario

According to Data Bridge Market Research, the specialty gas market will be dominated by North America with the region holding the largest market share for specialty gas in the forecasted period of 2019 to 2026. Asia-Pacific is expected to witness the highest growth rate amongst all of the regions with the rapid surge of industrialization and improvements in the manufacturing industries’ performance optimization in the region.

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Specialty Gas Market Developments in 2019

In February 2019, Airgas, Inc. operating as a business organization under Air Liquide announced that they had agreed for the acquisition of TA Corporate Holdings, Inc. which will improve the levels of industrial gases and welding supplies based product range of Airgas, Inc. helping them serve to a broader consumer base in the United States region. The company will complement their existing distribution network and customer base while enhancing the business model by adding to the existing product offerings.

Scope of the Specialty Gas Market

Global Specialty Gas Market is segmented on the basis of countries into U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Italy, Spain, Netherlands, Belgium, Russia, Turkey, Switzerland, Rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific (APAC), U.A.E, Egypt, Saudi Arabia, South Africa, Israel, Rest of Middle East and Africa (MEA).

All country based analysis of the specialty gas market is further analysed based on maximum granularity into further segmentation. On the basis of type, the market is segmented into high purity gases, noble gas, carbon gas, halogen gas and other gas. Application has been segmented into manufacturing, electronics, academics, analytical, calibration, refrigeration, healthcare and others. Ingredients have been segmented into argon, bromine, nitrogen, helium, carbon monoxide, xenon, methane, krypton, oxygen, neon, hydrogen and others.

Specialty gases are defined as the gas variants having the capability of providing test results of less than or equal to 99.99999% in terms of purity. This test is carried out generally after the high pressure storage cylinders are filled with these gases. Major types that constitute or come under specialty gases are pure gases such as nitrogen, argon, oxygen or specialized custom blends. The major applications of these gases are under the manufacturing industries for different products along with electronics, healthcare, academics and analytical technologies.

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Key Pointers Covered in the Specialty Gas Market Industry Trends and Forecast to 2026

  • Specialty Gas Market Size
  • Specialty Gas Market New Sales Volumes
  • Specialty Gas Market Replacement Sales Volumes
  • Specialty Gas Installed Base
  • Specialty Gas Market By Brands
  • Specialty Gas Market Procedure Volumes
  • Specialty Gas Market Product Price Analysis
  • Specialty Gas Market Shares in Different Regions
  • Specialty Gas Recent Developments for Market Competitors
  • Specialty Gas Market Upcoming Applications
  • Specialty Gas Market Innovators Study

Key Market Competitors Covered in the report

  • Praxair Technology, Inc.
  • Coregas
  • Air Liquide
  • Butler Gas Products Company
  • Chemix Gases
  • Guangdong Huate Gas Co., Ltd.
  • SGC
  • Welsco Inc.
  • Air Products and Chemicals, Inc.
  • Messer Group GmbH
  • Mitsui Chemicals, Inc.
  • Linde
  • Southern Industrial Gas Sdn Bhd
  • Kanto Denka Kogyo Co., Ltd.
  • SpecAir
  • SCI Analytical
  • Norco Inc.

Above are the key players covered in the report to know about more and exhaustive list of specialty gas companies, contact us

Research Methodology: Global Specialty Gas Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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