A recent report published by Infinium Global Research on specialty gas market provides in-depth analysis of segments and sub-segments in the global as well as regional specialty gas market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional specialty gas market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global specialty gas market. According to the report, the global specialty gas market is projected to grow at a healthy CAGR over the forecast period of 2019-2025.
Nowadays high-tech industrial processes demand specialty gases with higher levels of purity and more precise accuracies than ever before. Specialty gases typically refer to calibration gases, zero gases, and carrier gases are either pure gases or gas mixtures containing components at concentrations extending from the percent range down to part per billion and sometimes even part per trillion. They are used in industries like manufacturing, electronics, healthcare, academics, and analytical. It is used in analytical methods such as gas and liquid chromatography as well as Fourier transform infrared (FTIR) and non-dispersive infrared (NDIR). Gas supply companies have to ensure that specialty gases are the best correspond to the applications they will be used for.
Rapidly developing economies and high demand from various end-user sectors are major driving factors for the specialty gas market. It has large applications over industries such as automotive, electronics, healthcare, manufacturing, semiconductors, biotechnology and academics. Furthermore, rising demand for specialty gases from growing metal & mining industry, electronics & semiconductor industry, and other application segments like analytical & calibration, refrigeration and medical & healthcare are also driving the growth of the market. Increased demand for photovoltaic products and plasma display panels is fueling market growth. However, regulatory restrictions along with the threat of substitutes are restraining the growth of the specialty gas market. Moreover, innovations in specialty gases manufacturing technologies and delivery equipment are expected to provide growth opportunities to the market players.
Geographically, North America dominates the global specialty gas market owing to the growing healthcare industry and rising aging population. Asia-Pacific is the second-largest market for specialty gas due to developing healthcare, manufacturing and automotive sector in this region. China holds a large market share in the Asia-Pacific specialty gas market due to rapidly growing industrialization.
The report on global specialty gas market covers segments such as type, and applications. On the basis of type, the sub-markets include high purity gases, noble gases, carbon gases, halogen gases, and other specialty gases. On the basis of applications, the sub-markets include manufacturing, electronics, healthcare, academics, and other applications.
The report provides profiles of the companies in the market such as Advanced Gas Technologies Inc., Advanced Specialty Gases Inc., 3M Company, Air Products and Chemicals Inc., Airgas Incorporated, E.I. DU Pont DE Nemours & CO., Messer Group Gmbh, Honeywell International Inc., Kanto Denka Kogyo Co. Ltd., L’Air Liquide S.A., and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of specialty gas market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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