Specialty Gas Market is predicted to rise at 5.3% CAGR during 2022-2029 | Size, Share & Forecast

Specialty Gas Market is projected to grow at a CAGR of 5.3% over the forecast period, 2022-2029.

For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/specialty-gas-market/

The factors driving growth of the Specialty Gas Market includes increasing use of specialty gas in end-use industries such as healthcare, electronics, and manufacturing, growing demand for semiconductors and photovoltaic products and improvements in the living standards. Moreover, increasing application of specialty gas for producing components such as silicon wafers and Integrated Circuits, Government policies mandating the production of specialty gas and growing adoption of advanced technologies by manufacturers, are some of the additional factors supplementing the Specialty Gas Market share. In addition, the increasing investments by major players on research and development, strategic alliances between companies, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.  

However, growth of the Specialty Gas Market is hindered because specialty gases are difficult to transport.

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

Based on Product, the Ultra-high Purity gas segment is predicted to grow at a robust CAGR during the forecast period

Increasing use of high purity gases in manufacturing semiconductors, displays and photovoltaic panels, is the major factor pushing growth of the segment.

Based on Application, the Healthcare segment is projected to capture a sizeable market share over the forecast period

Increasing application of specialty gas in reanimation process, anesthetic and mechanical ventilation, is propelling segment's growth.

Based on Region, the Asia-Pacific region is anticipated to expand at a remarkable CAGR during the forecast period

Presence of the leading players such as Taiyo Nippon Sanso Corporation, Showa Denko K.K and Iwatani Corporation, expansion of the healthcare sector, rapid urbanization, increasing per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in the Asia-Pacific region.

Market Segmentation

Segmentation by Product

Noble gas
Carbon gas
Ultra-high Purity gas
Halogen gas

Segmentation by Application

Manufacturing
Electronics
Healthcare
Others

Segmentation by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe - +353 1 442 8820; US - +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/

Level 1, The Chase Carmanhall Road, Sandyford Industrial Estate, Dublin D18 Y3X2, Ireland

GMI Research's leadership team with extensive experience in research and consulting together with our research and domain expertise creates a strong value proposition to create solutions that addresses our clients business problems and add significant value to long lasting relationship.

This release was published on openPR.