Global Specialty Gas Market is Expected to Register a Healthy CAGR in the Forecast Period of 2019 to 2026

 

Global Specialty Gas Market

Specialty gases are those gases which usually have purity. The purity level is usually equal to 99.995% or above. High purity gases, halogen gas, carbon gas and noble gas are some of the common specialty gas. They usually used in industries such as petrochemical, pharmaceutical, electronics and others because they have the ability to improve yield and optimize performance. Increasing demand of specialty has in electronic industry is fueling the growth of specialty gas market.

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Segmentation: Global Specialty Gas Market

Recent Developments

  • In May 2018 Showa Denko K.K. announced the supply of Low-carbon Hydrogen that was made from used plastics to hotel’s fuel cell at its KAWASAKI plant which was opened on June 1. This helped the company to covert low-carbon hydrogen into electricity through large fuel cells.
  • In October 2018, The Linde Group launched high quality electronic materials SPECTRA EM at SEMICON Taiwan along with this, company will continue the investment of electronics specialty gases, bulk gases production in Taiwan to meet the demands
  • In February 2018, Air Products announced they will sign an agreement to purchase of ACP Europe SA (ACP) which is the largest independent carbon dioxide business in continental Europe. The transaction will expand the company’s CO2 capabilities in different areas of Europe
  • In November 2015, Air Liquide announced that they have acquired Airgas so that they can increase their Air Liquide’s gas and services sales. This acquisition will help the company to advance them in Air Liquide’s vision and strengthen their position by expanding their geographic reach.

Key Market Competitors:

Some of the major players operating in this market are The Linde Group, Air Liquide, Southern Industrial Gas Sdn Bhd, Air Products and Chemicals Inc., Praxair Technology, Inc., Showa Denko K.K., Messer Group Gmbh, Mitsui Chemicals Inc., TAIYO NIPPON SANSO CORPORATION.

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