Specialty Gas Market - Global Industry Analysis

Global Specialty Gas Market: Overview

Specialty gases are ultra-high purity gases that are rare. The unique property of such specialty gases improves yields, optimizes performance, lowers cost in different industries like petrochemical, pharmaceutical, analytical, electronics, and many others. These are categorized into halogen gases (fluorine and chlorine), carbon monoxide (methane, carbon monoxide, carbon dioxide), noble gases (krypton, xenon, argon, and helium), and high purity gases (oxygen and nitrogen). Such gases can only be utilized for specific industrial uses and hence called specialty gases. A common category of these gases is called specialty pure gases. These are utilized in the spectrometers, chromatographs, detectors, and many others.

Global specialty gas market valued at USD 9.34 billion in 2019 and is likely to reach USD 13.67 billion by 2026 with a CAGR of 5.4%.

Global Specialty Gas Market: Growth Factors

The global specialty gas market is anticipated to grow significantly during the forecast period due to the growing demand in the healthcare sector and the increasing need for ultra-high purity gases in several manufacturing applications. The increased use of these gases is expected to develop the manufacturing and healthcare sector tremendously. Products manufactured using different blending techniques are making significant progress both in research & development and commercialization. The rapid proliferation of automation and the electronics sector also boosts the demand for such gases which in turn are anticipated to fuel the growth of the global specialty gas market. There is the possibility of the scarcity of helium in the future which has led the manufacturers to undergo extensive research and development activities for finding an alternative solution to it. However, these researches had led to several innovations in specialty gases and thus fueled the growth of the market globally. The continuous growth in the biotechnology sector will support the growth of the global specialty gas market significantly during the forecast period. Biotechnology is creating many lucrative opportunities in the market and hence attracting many manufacturers to step into the global specialty gas market.

Global Specialty Gas Market: Segmentation

The global specialty gas market can be segmented into application, product, and region.

By application, the market can be segmented into institutional, healthcare, electronics, manufacturing, and others. The healthcare segment holds hegemony over others owing to the increased preferences and availability in medical sector applications. The manufacturing segment is also expected to witness huge growth due to the high need for these gases for specific applications. The electronic segment is growing fast in the global specialty gas market due to the growing use of these gases in the manufacturing of semiconductor devices and innovative flat panel displays.

By product, the market can be segmented into halogen, carbon, noble, ultra-high purity, and other specialties. The carbon segment accounts for the largest share in the global specialty gas market due to the increasing demand for carbon in several end-use industries like chemical, healthcare, electronics, manufacturing, and many more.

The noble gas segment is also anticipated to witness huge growth with high CAGR during the forecast period owing to the growing need for non-reactive chemical agents in the manufacturing process and different industrial applications like driving gear, laser equipment, welding, and lightning. It is also utilized in cooling semiconductors with high temperatures at low pressures. There is significant growth in the demand for the other specialty gases due to the growing need for custom blend mixtures by the food & beverage, healthcare, chemical, and manufacturing sector.

Global Specialty Gas Market: Regional analysis

Asia Pacific accounts for the largest share in the global specialty gas market owing to the presence of different end-users in pharmaceuticals, manufacturing, electronics, healthcare, and many others. The region is heavily investing in innovating custom developing techniques and the adoption of advanced technology in equipment, production, and packaging processes. The growing support for the regional government is also boosting the growth of the regional market.

North America is among the significant markets for specialty gas. It is expected to witness huge growth due to the large production of these gases in the region. Moreover, the heavy investment by prominent manufacturers is fueling the regional market growth.

Global Specialty Gas Market: Competitive Players

Some of the significant players in the global specialty gas market are Showa Denko K.K., Taiyo Nippon Sanso Corporation, Norco Inc., Mesa Specialty Gases & Equipment, Weldstar, Inc., Air Products and Chemicals, Inc., Messer Group GmbH, Air Liquide International S.A., Linde plc, Coregas Pty Ltd, Air Water Inc., Iwatani Corporation, Praxair Inc, and Southern Industrial Gas Sdn Bhd. Many companies are undergoing mergers to expand their market and increase their revenue share.

Global Specialty Gas Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

• Chapter 1.Preface
  • 1.1.Report Description
  • 1.1.Report Scope
• Chapter 2.Research Methodology
  • 2.1.Research Methodology
  • 2.2.Secondary Research
  • 2.3.Primary Research
  • 2.4.Models
    • 2.4.1.Company Share Analysis Model
    • 2.4.2.Revenue Based Modeling
  • 2.5.Research Limitations
• Chapter 3.Executive Summary
  • 3.1.Global Specialty Gas Market, 2016 – 2026 (USD Million)
  • 3.2.Global Specialty Gas Market: Snapshot
• Chapter 4.Specialty Gas Market – Industry Analysis
  • 4.1.Introduction
  • 4.2.Market Drivers
    • 4.2.1.Driving Factor 1 Analysis
    • 4.2.2.Driving Factor 2 Analysis:
  • 4.3.Market Restraints
    • 4.3.1.Restraining Factor Analysis
  • 4.4.Market Opportunities
    • 4.4.1.Market Opportunity & Use-case Anaysis
    • 4.4.2.Use – Cases for Specialty Gas
  • 4.5.Porter’s Five Forces Analysis
  • 4.6.COVID 19 Impact Analysis
    • 4.6.1.1.Impact on Product Development and Technology Adoption
    • 4.6.1.2.Gap Analysis

• Chapter 5.Investment Proposition Analysis
  • 5.1.Global Specialty Gas Market Attractiveness, By Product
  • 5.2.Global Specialty Gas Market Attractiveness, By Application
  • 5.3.Global Specialty Gas Market Attractiveness, By Region
• Chapter 6.Competitive Landscape
  • 6.1.Company Market Share Analysis - 2019
    • 6.1.1.Global Specialty Gas Market: Company Market Share, 2019
  • 6.2.Strategic Developments
• Chapter 7.Specialty Gas Market – Product Segment Analysis
  • 7.1.Global Specialty Gas Market Overview: by Product
    • 7.1.1.Global Specialty Gas Market Revenue Share, by Product, 2019 & 2026
  • 7.2.Global Specialty Gas Market Analysis/Overview – By Product
    • 7.2.1.Halogen – Overview/Analysis
    • 7.2.2.Carbon – Overview/Analysis
    • 7.2.3.Noble – Overview/Analysis
    • 7.2.4.Ultra-High Purity – Overview/Analysis
    • 7.2.5.Other Specialties – Overview/Analysis
  • 7.3.Halogen
    • 7.3.1.Global Specialty Gas Market for Halogen, Revenue (USD Million) 2016 - 2026
  • 7.4.Carbon
    • 7.4.1.Global Specialty Gas Market for Carbon, Revenue (USD Million) 2016 - 2026
  • 7.5.Noble
    • 7.5.1.Global Specialty Gas Market for Noble, Revenue (USD Million) 2016 - 2026
  • 7.6.Ultra-High Purity
    • 7.6.1.Global Specialty Gas Market for Ultra-High Purity, Revenue (USD Million) 2016 - 2026
  • 7.7.Other Specialties
    • 7.7.1.Global Specialty Gas Market for Other Specialties, Revenue (USD Million) 2016 - 2026
• Chapter 8.Specialty Gas Market – Application Segment Analysis
  • 8.1.Global Specialty Gas Market Overview: by Application
    • 8.1.1.Global Specialty Gas Market Revenue Share, by Application , 2019 & 2026
  • 8.2.Global Specialty Gas Market Analysis/Overview – By Application
    • 8.2.1.Institutional – Overview/Analysis
    • 8.2.2.Healthcare – Overview/Analysis
    • 8.2.3.Electronics – Overview/Analysis
    • 8.2.4.Manufacturing – Overview/Analysis
    • 8.2.5.Others – Overview/Analysis
  • 8.3.Institutional
    • 8.3.1.Global Specialty Gas Market for Institutional, Revenue (USD Million) 2016 - 2026
  • 8.4.Healthcare
    • 8.4.1.Global Specialty Gas Market for Healthcare, Revenue (USD Million) 2016 - 2026
  • 8.5.Electronics
    • 8.5.1.Global Specialty Gas Market for Electronics, Revenue (USD Million) 2016 - 2026
  • 8.6.Manufacturing
    • 8.6.1.Global Specialty Gas Market for Manufacturing, Revenue (USD Million) 2016 - 2026
  • 8.7.Others
    • 8.7.1.Global Specialty Gas Market for Others, Revenue (USD Million) 2016 - 2026
• Chapter 9.Specialty Gas Market – Regional Analysis
  • 9.1.Global Specialty Gas Market: Regional Overview
    • 9.1.1.Global Specialty Gas Market Revenue Share, by Region, 2019 & 2026
    • 9.1.2.Global Specialty Gas Market Revenue, by Region, 2016 – 2026 (USD Million)
  • 9.2.North America
    • 9.2.1.North America Specialty Gas Market Revenue, 2016 - 2026 (USD Million)
    • 9.2.2.North America Specialty Gas Market Revenue, by Country, 2016 – 2026 (USD Million)
    • 9.2.3.North America Specialty Gas Market Revenue, by Product, 2016 – 2026
    • 9.2.4.North America Specialty Gas Market Revenue, by Application , 2016 – 2026
    • 9.2.5. U.S.
    • 9.2.6.Canada
  • 9.3.Europe
    • 9.3.1.Europe Specialty Gas Market Revenue, 2016 - 2026 (USD Million)
    • 9.3.2.Europe Specialty Gas Market Revenue, by Country, 2016 – 2026 (USD Million)
    • 9.3.3.Europe Specialty Gas Market Revenue, by Product, 2016 – 2026
    • 9.3.4.Europe Specialty Gas Market Revenue, by Application , 2016 – 2026
    • 9.3.5.Germany
    • 9.3.6.France
    • 9.3.7. U.K.
    • 9.3.8.Italy
    • 9.3.9.Spain
    • 9.3.10.Rest of Europe
  • 9.4.Asia Pacific
    • 9.4.1.Asia Pacific Specialty Gas Market Revenue, 2016 - 2026 (USD Million)
    • 9.4.2.Asia Pacific Specialty Gas Market Revenue, by Country, 2016 – 2026 (USD Million)
    • 9.4.3.Asia Pacific Specialty Gas Market Revenue, by Product, 2016 – 2026
    • 9.4.4.Asia Pacific Specialty Gas Market Revenue, by Application , 2016 – 2026
    • 9.4.5.China
    • 9.4.6.Japan
    • 9.4.7.India
    • 9.4.8.South Korea
    • 9.4.9.South-East Asia
    • 9.4.10.Rest of Asia Pacific
  • 9.5.Latin America
    • 9.5.1.Latin America Specialty Gas Market Revenue, 2016 - 2026 (USD Million)
    • 9.5.2.Latin America Specialty Gas Market Revenue, by Country, 2016 – 2026 (USD Million)
    • 9.5.3.Latin America Specialty Gas Market Revenue, by Product, 2016 – 2026
    • 9.5.4.Latin America Specialty Gas Market Revenue, by Application , 2016 – 2026
    • 9.5.5.Brazil
    • 9.5.6.Mexico
    • 9.5.7.Rest of Latin America
  • 9.6.The Middle-East and Africa
    • 9.6.1.The Middle-East and Africa Specialty Gas Market Revenue, 2016 - 2026 (USD Million)
    • 9.6.2.The Middle-East and Africa Specialty Gas Market Revenue, by Country, 2016 – 2026 (USD Million)
    • 9.6.3.The Middle-East and Africa Specialty Gas Market Revenue, by Product, 2016 – 2026
    • 9.6.4.The Middle-East and Africa Specialty Gas Market Revenue, by Application , 2016 – 2026
    • 9.6.5.GCC Countries
    • 9.6.6.South Africa
    • 9.6.7.Rest of Middle-East Africa
• Chapter 10.Company Profiles
  • 10.1.Showa Denko K.K.
    • 10.1.1.Company Overview
    • 10.1.2.Financial Overview
    • 10.1.3.Product Portfolio
    • 10.1.4.Business Strategy
    • 10.1.5.Recent Developments
  • 10.2.Taiyo Nippon Sanso Corporation
  • 10.3.Norco Inc.
  • 10.4.Mesa Specialty Gases & Equipment
  • 10.5.Weldstar Inc.
  • 10.6.Air Products and Chemicals Inc.
  • 10.7.Messer Group GmbH
  • 10.8.Air Liquide International S.A.
  • 10.9.Linde plc
  • 10.1.Coregas Pty Ltd
  • 10.11.Air Water Inc.
  • 10.12.Iwatani Corporation
  • 10.13.Praxair Inc
  • 10.14.and Southern Industrial Gas Sdn Bhd

Table Of Figures

List of Figures  

FIG. 1 Research Methodology
FIG. 2 Research Methodology – Basic Overview
FIG. 3 Research Methodology – Detailed View
FIG. 4 Global Specialty Gas Market Revenue, 2016 - 2026 (USD Million)
FIG. 5 Porter’s Five Forces Analysis for Global Specialty Gas Market
FIG. 6 Global Specialty Gas Market Attractiveness, By Product
FIG. 7 Global Specialty Gas Market Attractiveness, By Application
FIG. 8 Global Specialty Gas Market Attractiveness, By End-User
FIG. 9 Company Share Analysis, 2019
FIG. 10 Global Specialty Gas Market Revenue Share, by Product, 2019 & 2026
FIG. 11 Global Specialty Gas Market for Halogen, Revenue (USD Million) 2016 - 2026
FIG. 12 Global Specialty Gas Market for Carbon, Revenue (USD Million) 2016 - 2026
FIG. 13 Global Specialty Gas Market for Noble, Revenue (USD Million) 2016 - 2026
FIG. 14 Global Specialty Gas Market for Ultra-High Purity, Revenue (USD Million) 2016 - 2026
FIG. 15 Global Specialty Gas Market for Other Specialties, Revenue (USD Million) 2016 - 2026
FIG. 16 Global Specialty Gas Market Revenue Share, by Application , 2019 & 2026
FIG. 17 Global Specialty Gas Market for Institutional, Revenue (USD Million) 2016 - 2026
FIG. 18 Global Specialty Gas Market for Healthcare, Revenue (USD Million) 2016 - 2026
FIG. 19 Global Specialty Gas Market for Electronics, Revenue (USD Million) 2016 - 2026
FIG. 20 Global Specialty Gas Market for Manufacturing, Revenue (USD Million) 2016 - 2026
FIG. 21 Global Specialty Gas Market for Others, Revenue (USD Million) 2016 - 2026
FIG. 22 Global Specialty Gas Market Revenue Share, by Region, 2019 & 2026
FIG. 23 North America Specialty Gas Market Revenue, 2016 - 2026 (USD Million)
FIG. 24 Europe Specialty Gas Market Revenue, 2016 - 2026 (USD Million)
FIG. 25 Asia Pacific Specialty Gas Market Revenue, 2016 - 2026 (USD Million)
FIG. 26 Latin America Specialty Gas Market Revenue, 2016 - 2026 (USD Million)
FIG. 27 The Middle-East and Africa Specialty Gas Market Revenue, 2016 - 2026 (USD Million)
FIG. 28 Showa Denko K.K. Business Segment Revenue Share, 2018 (%)
FIG. 29 Showa Denko K.K. Geographical Segment Revenue Share, 2018 (%)

Table Of Tables

List of Tables 

TABLE 1 Global Specialty Gas Market: Snapshot
TABLE 2 Drivers of the Specialty Gas Market: Impact Analysis
TABLE 3 Restraints for the Specialty Gas Market: Impact Analysis
TABLE 4 Global Specialty Gas Market Revenue, by Region, 2016 – 2026 (USD Million)
TABLE 5 North America Specialty Gas Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 6 North America Specialty Gas Market Revenue, by Product, 2016 – 2026 (USD Million)
TABLE 7 North America Specialty Gas Market Revenue, by Application , 2016 – 2026 (USD Million)
TABLE 8 Europe Specialty Gas Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 9 Europe Specialty Gas Market Revenue, by Product, 2016 – 2026 (USD Million)
TABLE 10 Europe Specialty Gas Market Revenue, by Application , 2016 – 2026 (USD Million)
TABLE 11 Asia Pacific Specialty Gas Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 12 Asia Pacific Specialty Gas Market Revenue, by Product, 2016 – 2026 (USD Million)
TABLE 13 Asia Pacific Specialty Gas Market Revenue, by Application , 2016 – 2026 (USD Million)
TABLE 14 Latin America Specialty Gas Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 15 Latin America Specialty Gas Market Revenue, by Product, 2016 – 2026 (USD Million)
TABLE 16 Latin America Specialty Gas Market Revenue, by Application , 2016 – 2026 (USD Million)
TABLE 17 The Middle-East and Africa Specialty Gas Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 18 The Middle-East and Africa Specialty Gas Market Revenue, by Product, 2016 – 2026 (USD Million)
TABLE 19 The Middle-East and Africa Specialty Gas Market Revenue, by Application , 2016 – 2026 (USD Million)