Specialty Gas Market Size, Share, Growth Report 2030

Specialty Gas Market

Global Specialty Gas Market by Application (Institutional, Healthcare, Electronics, Manufacturing, and Others), Product (Halogen, Carbon, Noble, Ultra-High Purity, and Other Specialties), and Region– Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Category: Energy & Mining Report Format : PDF Pages: 110 Report Code: ZMR-5724 Published Date: Mar-2021 Status : Published
Market Size in 2019 Market Forecast in 2026 Growth Rate (in %) Base Year
USD 9.34 billion USD 13.67 billion CAGR at 5.4%. 2019

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.

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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.

Specialty Gas Market: Report Scope

Report Attributes Report Details
Report Name Specialty Gas Market Research Report
Market Size in 2019 USD 9.34 billion
Market Forecast in 2026 USD 13.67 billion
Growth Rate CAGR of 5.4%.
Number of Pages 110
Key Companies Covered 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
Segments Covered By product, By Applications, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2019
Historical Year 2016 to 2018
Forecast Year 2020 - 2026
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

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
  • Southern Industrial Gas Sdn Bhd.

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

Table Of Content

Methodology

FrequentlyAsked Questions

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.

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%.

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.

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.

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