North America Specialty Gas Market, By Type (High Purity Gases, Noble Gases, Carbon Gases, Halogen Gases, Others), Ingredients (Argon, Bromine, Nitrogen, Helium, Carbon Monoxide, Xenon, Methane, Krypton, Oxygen, Neon, Hydrogen, Others), Application (Manufacturing, Electronics, Healthcare, Academics, Analytical & Calibration, Refrigeration and Others), Country (U.S., Canada, Mexico) – Industry Trends and Forecast to 2028.
The specialty gas market is expected to witness market growth at a rate of 8.5% in the forecast period of 2021 to 2028. Data Bridge Market Research report on specialty gas market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in healthcare sector globally is escalating the growth of specialty gas market.
Specialty gases are defined as the calibration gases, carrier gases, instrumentation gases, zero gases, span gases, and bump test gases. These may be either pure gases or gas mixtures that contain components at concentrations extending from the per cent range down to part per billion. These gases are utilized in analytical methods such as gas and liquid chromatography as well as non-dispersive infrared (NDIR) and Fourier transform infrared (FTIR).
The rise in expenditure in the medical and healthcare sectors across the region acts as one of the major factors driving the growth of specialty gas market. The increase in demand in manufacturing semiconductor devices and flat panel displays, and high usage of the specialty gas as cleaning gas for plasma enhanced chemical vapor deposition (PECVD) for high-tech thin films accelerate the market growth. The increase in preference in the healthcare sector owing to rising consumption of high purity and noble gases in various medical application areas such as anesthetic, reanimation process, and mechanical ventilation, and use in the electronics industry to produce components such as integrated circuits (IC) further influence the market. Additionally, breakthrough in new technologies, change in consumer preference, and development in automotive, healthcare, and electronics industries positively affect the specialty gas market. Furthermore, development of new environmental friendly technologies and products extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, structural and regulatory restrictions are expected to obstruct the market growth. Fluctuation with technological alternatives is projected to challenge the specialty gas market in the forecast period of 2021-2028.
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.
North America Specialty Gas Market Scope and Market Size
The specialty gas market is segmented on the basis of type, ingredients and application. 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 markets.
- On the basis of type, the specialty gas market is segmented into five notable segments high purity gases, noble gases, carbon gases, halogen gases and others.
- On the basis of ingredients, the specialty gas market is segmented into twelve notable segments argon, bromine, nitrogen, helium, carbon monoxide, xenon, methane, krypton, oxygen, neon, hydrogen and others.
- On the basis of application, the specialty gas market is segmented into seven notable segments manufacturing, electronics, healthcare, academics, analytical & calibration, refrigeration and others.
North America Specialty Gas Market Country Level Analysis
The specialty gas market is analyzed and market size insights and trends are provided by country, type, ingredients and application as referenced above.
The countries covered in the North America specialty gas market report are U.S., Canada and Mexico in North America.
U.S. dominates the North America specialty gas market due to the development in automotive within the region.
The country section of the 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 North America 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 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., and TAIYO NIPPON SANSO CORPORATION., among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : North America Specialty Gas Market
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