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
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.