Global Specialty Gas Market, By Type (High Purity Gases, Noble Gases, Carbon Gases, Halogen Gases, Others), Application (Manufacturing, Electronics, Healthcare, Academics, Analytical and Calibration, Refrigeration, Others), Ingredients (Argon, Bromine, Nitrogen, Helium, Carbon Monoxide, Xenon, Methane, Krypton, Oxygen, Neon, Hydrogen, Others), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia And New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America UAE, Saudi Arabia, Egypt, Israel, South Africa, And Rest Of Middle East and Africa) Industry Trends and Forecast to 2028.
Data Bridge Market Research analyses that the specialty gas market will witness a CAGR of 7.07% for the forecast period of 2021-2028 and is likely to reach at USD 16.65 billion by 2028.
High purity gases with purity levels less than or equal to 99.99999 percent are classified as specialty gases. Manufacturing, electronics, healthcare, academia, and analytical sectors all employ them. The high purity gases, carbon gases, noble gases, and halogen gases are the most common classes for speciality gases.
Growing demand for photovoltaic products and plasma display panels and high growth of end-user industry are the major drivers that will influence the growth of specialty gas market. Furthermore, rising demand from the healthcare sector, increased utilization of speciality gases in electronic industry, increase in the environmental awareness and surge in demand for bio-based products will accelerate the specialty gas market growth rate.
Moreover, development of new environmental friendly technologies and products along with emerging markets will provide beneficial opportunities for the specialty gas market growth.
On the other hand, rising regulations and restrictions on the production and quality control of specialty gas and the presence of other substitutes of specialty gas will hamper the market's growth. Also, market penetration will act as a challenge for various players present in the specialty gas market and impede the market's growth rate.
This specialty gas market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on specialty gas market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Specialty Gas Market Scope and Market Size
The specialty gas market is segmented on the basis of type, application and ingredients. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the specialty gas market is segmented into high purity gases, noble gases, carbon gases, halogen gases and others.
- On the basis of application, the specialty gas market is segmented into manufacturing, electronics, healthcare, academics, analytical and calibration, refrigeration and others.
- On the basis of ingredients, the specialty gas market is segmented into argon, bromine, nitrogen, helium, carbon monoxide, xenon, methane, krypton, oxygen, neon, hydrogen and others.
Specialty Gas Market Country Level Analysis
The specialty gas market is segmented on the basis of type, application and ingredients.
The countries covered in the specialty gas market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the specialty gas market and will continue to flourish during the forecast period due to the developing healthcare sector. Asia-Pacific will continue to however project the highest CAGR for this period because of the growing demand for various end-user industries such as automotive, electrical, manufacturing and healthcare.
The country section of the specialty gas market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Specialty Gas Market Share Analysis
The specialty gas market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to specialty gas market.
The major players covered in the specialty gas market report are Linde plc, Air Products Inc., Air Liquide, Southern Industrial Gas Sdn Bhd, SHOWA DENKO K.K., Messer SE & Co. KGaA, Mitsui Chemicals, Inc., TAIYO NIPPON SANSO CORPORATION, MESA Specialty Gases & Equipment, Norco Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.