Press release
High Purity Gas Market Trend with Global Foresight 2023, Emerging Industry Reviews - Praxair Inc., Linde Group, Air Liquide S.A., Messer Group, Advanced Specialty Gases, Matheson Tri-Gas, Air Products and Chemicals, Airgas, Iceblick, Iwatani Corporation
Market ScenarioHigh Purity Gases are gases which are distributed at high concentration, without addition of other gases. This helps ensure that the properties of the High Purity Gas are utilized up to the optimum level. In applications that require high concentrations of a particular gas, the presence of other gases cause functional inefficiency, thus requiring the use of High Purity Gases.
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One of the key drivers for the growth of High Purity Gas Market is the increased demand of high purity gas in the industrial gas market. The demand of this market is also led by the increase in demand by the industrial sector for cooling, insulation and illumination. The electronics industry is a major user of the high purity gas. The booming electronics industry and the rapid technological advancements in the industry are further leading to the growth of the High Purity Gas Market. The upsurge in the demand of energy and the use of High Purity Gas in several process of petroleum refinery is also driving the growth of the market.
The High Purity Gas Market is expected to grow over the CAGR of around 5 % during the period 2016 to 2023.
Regional Analysis
Asia-Pacific region is expected to dominate the High Purity Gas Market during the forecast period. The growth of this region can be attributed to the presence of emerging economies in the countries of China and India. The booming electronics sector in the region which requires use of High Purity Gases is also expected to drive the growth of the High Purity Gas Market in the region.
Key Players
The key players of High Purity Gas Market are Praxair Inc. (U.S.), Linde Group (Germany), Air Liquide S.A. (France), Messer Group (Germany), Advanced Specialty Gases Inc. (U.S.), Matheson Tri-Gas Inc. (U.S.), Air Products and Chemicals Inc. (U.S.), Airgas Inc. (U.S.), Iceblick Ltd. (Ukraine), Iwatani Corporation (Japan) and others.
Intended Audience
Distributer & Supplier companies
End Users
consultants and Investment bankers
Government as well as Independent Regulatory Authorities
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