According to IMARC Group’s latest report, titled “Specialty Gases Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global specialty gases market size reached US$ 9.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 15.1 Billion by 2027, exhibiting a growth rate (CAGR) of 7.51% during 2022-2027.
Specialty gases represent various industrial gases that are rare or highly purified. They include noble gases, such as helium, argon, xenon, and krypton; carbon gases, including carbon monoxide, carbon dioxide, and methane; halogen gases, such as chlorine and fluorine; and oxygen and nitrogen. They are commonly used in liquid and gas chromatography, Fourier Transform Infrared (FTIR), and non-dispersive infrared (NDIR) techniques through detectors, mass spectrometers, analyzers, and chromatographs. Specialty gases find widespread applications across several sectors, including healthcare, electronics, manufacturing, research and analytics, aerospace, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends and Drivers:
The rising industrialization across the globe is among the primary factors driving the specialty gases market. Besides this, the escalating product demand in the chemical industry for eliminating or minimizing undesirable properties present in industrial gases and for various refining and processing functions is further augmenting the specialty gases market growth. Moreover, the elevating requirement for compressed specialty gases in the healthcare sector for device sterilization and for providing contamination- and dust-free air to the patients is also catalyzing the global market. Apart from this, the increasing product need to increase agricultural yield is acting as another significant growth-inducing factor. Furthermore, the growing popularity of silicon photovoltaic (PV) cells that are processed using argon, silane, trichlorosilane, nitrogen, phosphoryl chloride, and ammonia for enhanced energy-absorption, operational efficiency, and cost-effectiveness is expected to bolster the specialty gases market in the coming years.
Specialty Gases Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the specialty gases market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Advanced Gas Technologies Inc.
- Advanced Specialty Gases Inc.
- Air Products and Chemicals Inc.
- Airgas
- DuPont de Nemours Inc.
- Honeywell International Inc.
- Kanto Denka Kogyo Co. Ltd.
- Messer Group
- Mitsui Chemicals
- Norco
- Nova Gas Technologies Inc.
- Praxair
- Showa Denko K.K.
- Taiyo Nippon Sanso Corporation
- The Linde Group
- Welsco Inc.
Key Market Segmentation:
The report has segmented the global specialty gases market on the basis of type, element, application, packaging type, sales type and region.
Breakup by Type:
- High Purity Gases
- Noble Gases
- Carbon Gases
- Halogen Gases
- Others
Breakup by Element:
- Argon
- Nitrogen
- Helium
- Carbon Monoxide
- Methane
- Oxygen
- Hydrogen
- Others
Breakup by Application:
- Manufacturing
- Electronics
- Healthcare
- Academics
- Others
Breakup by Packaging Type:
- Packaged
- Bulk and On-site
Breakup by Sales Type:
- Captive
- Merchant
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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