Specialty Gas Market

GMI Research analysis indicates that the Specialty Gas Market is slated to register a CAGR of 5.3% over the forecast period, till 2029.

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Market Dynamic

Key Drivers and Emerging Trends

Some of the key drivers accelerating the global Specialty gas market over the forecast period include the use of these gases in various applications for the healthcare, electronics, and manufacturing sector. For instance, these gases like Silane and Nitrogen Trifluoride are used for advanced displays like OLED, 4k UHD, and curved display, among others. Furthermore, these gases also find its application to produce components such as silicon wafers, Integrated Circuits among others. To manufacture complex semiconductors, gas phase engraving and cleaning is used instead of wet processes. This factor will play a significant role in boosting the global Specialty gas market over the forecast period. Furthermore, noble gases like helium find use in some chromatography processes for analytical analysis as carrier gas.

Restraint in the Specialty Gas Market

However, concerns related to safe transportation of these gases might slow down the growth of the global Specialty gas market.

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Product – Segment Analysis

Based on the product, ultra-high purity gas is expected to grow at a higher CAGR in the global Specialty gas market during the forecast period. This is due to its applications across industries such as manufacturing semiconductors, usage in laser technology, displays, photovoltaic panels, welding and cutting, analytical instruments, and stabilizing chemical processes. Noble gas is also expected to have a lucrative growth over the forecast period in the global Specialty gas market owing to its non-reactivity with other elements.

Application – Segment Analysis

Based on the application, healthcare is projected to capture significant market growth over the forecast period in the global Specialty gas market. This is due to Specialty gas used in various medical applications like the reanimation process, anaesthetic, mechanical ventilation, and Magnetic Resonance Imaging (MRI). For instance, ultra-high pure oxygen is used in ventilators to provide patients breathing support.

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Regional – Segment Analysis:

Based on the region, Asia Pacific is expected to capture significant growth in the global specialty gas market over the forecast period due to the presence and advancements by various manufacturing companies like Intel, Qualcomm, Mediatek, etc. Also, the presence of various manufacturers like Samsung, LG among others who are constantly involved in making new TV technologies like OLED, 4K will arise the demand for Specialty gases and play a significant role in boosting the global Specialty gas market in that region.

Top Market Players

Various notable players operating in the market, include Air Liquide International S.A., Messer Group GmbH, Air Products and Chemicals Inc., Weldstar Inc., Mesa Specialty Gases & Equipment, Norco Inc., Taiyo Nippon Sanso Corporation, Showa Denko K.K, Iwatani Corporation, Coregas Pty Ltd., among others.

Segments covered in the Report:

The global Specialty gas market has been segmented on the basis of product, application, and regions. Based on product, the market is segmented into noble gas, carbon gas, ultra-high purity gas, halogen gas. Based on application, the market is segmented into manufacturing, electronics, healthcare, and others.

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Key questions answered in this research report:

• • At what pace is global Specialty gas market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Specialty gas market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Specialty gas market?
  • Which product generated maximum revenues in 2021 and identify the most promising product during the forecast period?
  • What are the various application areas of global Specialty gas market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2021)	USD Million
Market Base Year	2021
Market Forecast Period	2022-2029
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Product, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Air Liquide International S.A., Messer Group GmbH, Air Products and Chemicals Inc., Weldstar Inc., Mesa Specialty Gases & Equipment, Norco Inc., Taiyo Nippon Sanso Corporation, Showa Denko K.K, Iwatani Corporation, Coregas Pty Ltd, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Specialty Gas Market by Product

• • Noble gas
  • Carbon gas
  • Ultra-high Purity gas
  • Halogen gas

Global Specialty Gas Market by Application

• • Manufacturing
  • Electronics
  • Healthcare
  • Others

Global Specialty Gas Market by Region

• • North America Specialty Gas Market (Option 1: As a part of the free 25% customization)
    • By Product
    • By Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Specialty Gas Market (Option 2: As a part of the free 25% customization)
    • By Product
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Specialty Gas Market (Option 3: As a part of the free 25% customization)
    • By Product
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Specialty Gas Market (Option 4: As a part of the free 25% customization)
    • By Product
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Global Specialty Gas Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Air Liquide International S.A.
  • Messer Group GmbH
  • Air Products and Chemicals Inc.
  • Weldstar Inc.
  • Mesa Specialty Gases & Equipment
  • Norco Inc.
  • Taiyo Nippon Sanso Corporation
  • Showa Denko K.K
  • Iwatani Corporation
  • Coregas Pty Ltd