Industrial Gases and Specialty Gases Market Size Growth Rate by Application 2022 Analysis, Share, Manufacturers, Growth Factor and Forecast to 2027

The Industrial Gases and Specialty Gases Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Global Industrial Gases and Specialty Gases Market Size is Projected to Reach at a CAGR of 12% during 2022-2027.

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Market Overview:

Over the medium term, the growth of the speciality gas market is likely to be driven by the increasing demand in manufacturing semiconductor devices and flat panel displays and its usage as cleaning gas for plasma-enhanced chemical vapour deposition (PECVD) for high-tech thin films. Furthermore, significant growth and rising expenditure in the medical and healthcare sectors are also boosting the market growth.
Stringent environmental regulations and restrictions on the production and quality control of speciality gases, coupled with the growing threat of speciality gas substitutes, are likely to hinder the market growth. Also, the plunge in the automotive sector has somewhat affected the growth of the market.

Top Leading Companies:

Linde Group, Air Liquide, Praxair, Air Products and Chemicals, Taiyo Nippon Sanso, Air Water, Messer, Yingde Gases, Iwatani Corporation, Showa Denko K.K, Chemix Gases, Norco Inc., SOL Group, Gulf Cryo, Buzwair Industrial Gases Factories, INOX Air Products, Kaimeite Gases Co., LTD., Hangzhou Oxygen Plant Group, Masteel Group

Recent Developments

In November 2019, Iwatani Corporation of America, a wholly-owned subsidiary of Iwatani Corporation, had acquired Advanced Speciality Gases, which marked Iwatani’s entry into the US speciality gases market.
In October 2018, Praxair, Inc and Linde plc, both key market players in the global speciality gases market, completed a USD 90 billion merger in accordance with the approval of the US Federal Trade Commission. The merger of these two giants has made Linde PLC, the largest producer of speciality gases.

Industrial Gases and Specialty Gases Market Segmentation by Type:

Oxygen
Nitrogen
Hydrogen
Carbon Dioxide
Acetylene
Argon
Others

Industrial Gases and Specialty Gases Market Segmentation by Application:

Manufacturing
Chemical & Energy
Metals
Healthcare
Electronics
Food & Beverage
Others

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Asia-Pacific Dominated the Market

Asia-Pacific is expected to be the fastest-growing speciality gas market during the forecast period due to the wide consumption of speciality gases in the electronics and healthcare industries, which are among the booming sectors in the region.
China has the world's largest electronics production base, and it offers tough competition to the existing upstream producers, such as South Korea, Singapore, and Taiwan. With the increase in the middle-class population's disposable incomes, the demand for electronic products is projected to increase steadily in the future, thereby driving the market studied.
The electronics manufacturing industry is constantly expanding in China as a result of low cost and increasing demand for electronics products. With the increase in the disposable income of the middle-class population, the demand for electronic products is projected to grow in the near future.

Regional Industrial Gases and Specialty Gases Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Industrial Gases and Specialty Gases Market Report:

Detailed overview of Industrial Gases and Specialty Gases Market
Changing the Industrial Gases and Specialty Gases market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Industrial Gases and Specialty Gases market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Industrial Gases and Specialty Gases Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2022 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Industrial Gases and Specialty Gases Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Industrial Gases and Specialty Gases industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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