Electronic Specialty Gases Market is likely to surpass US$ 15 Billion by the end of 2030

Electronic Specialty Gases Market

The Global electronic specialty gases market was valued to be ~US$ 11 Billion in 2020 and is expected to exceed ~US$ 15 Billion by the end of 2030. The global electronic specialty gases market is projected to grow at a CAGR of ~3% during 2020-2030, and is estimated to reach a global value of ~US$ 15 Billion by the end of 2030.

The electronic specialty gases market is a rapidly growing industry that is driven by the increasing demand for high-quality gases in a variety of applications. These gases are used in the production of electronic devices, such as smartphones, laptops, and tablets, as well as in other industrial processes. The market is characterized by the presence of a large number of players, both large and small, who are involved in the production and supply of these gases.

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Amid growing concerns around the harmful environmental effects of fossil fuel powered, energy generation, governments around the world are emphasizing the adoption of renewable power generation technologies. Out of the various renewable power generation technologies available, such as solar cells, wind turbines, hydro stations etc., solar panels have emerged as the fastest growing renewable power option. Solar power installations doubled in capacity between 2016 and 2018 according to the International Energy Association, and accounted for 50% of all new renewable power capacity additions in 2018.

Key Players- 

• Air Products and Chemicals, Inc.
• The Linde Group
• Air Liquide S A
• Showa Denko K K
• Taiyo Nippon Sanso Corporation
• SCI Analytical Laboratories
• Spec Air Specialty Gases
• Chengdu Taiyu Industrial Gases Co. Ltd.
• Chemix Specialty Gases & Equipment
• American Gas Products and more

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Adoption of Environmental Friendly Products Is a Key Trend of the Electronic Specialty Gases Market

Electronics and semiconductor device manufacturers have been using products such as perfluorinated compounds for their industrial processes. These compounds are toxic in nature as well as responsible for substantial greenhouse gas emissions. However, with growing awareness of the need to reduce greenhouse emissions to mitigate the impact of global warming, they have begun adopting much more environmentally friendly products with lower emission rates. For example, the usage of nitrogen trifluoride in place of a perfluorinated compound results in 15% to 20% reduction in greenhouse gas emissions from semiconductor industries. Thus, various end users are keen on the adoption of greener and sustainable products for their industrial end use purposes.

One of the key drivers of the electronic specialty gases market is the growing demand for high-performance electronic devices. As consumers continue to demand more advanced and sophisticated electronic devices, the demand for high-quality gases used in the production of these devices is also increasing. Additionally, the increasing demand for green technologies and the need for sustainable production processes are also driving the market for electronic specialty gases.

Another factor that is driving the growth of the electronic specialty gases market is the increasing demand for precision and accuracy in various industrial processes. These gases are used in a variety of industrial processes, including semiconductor manufacturing, solar cell production, and LED lighting, among others. The increasing demand for precision and accuracy in these processes is driving the market for electronic specialty gases.

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The electronic specialty gases market is also being driven by the increasing demand for high-purity gases. These gases are used in various applications, including the production of semiconductors, solar cells, and LED lighting. The increasing demand for high-purity gases is a result of the need for improved performance and efficiency in these applications.

Overall, the electronic specialty gases market is expected to continue to grow at a steady pace in the coming years, driven by the increasing demand for high-quality gases in a variety of applications.

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