High Purity Methane Gas Market worth $8.8 billion by 2025 | Key players Osaka Gas (Japan), Sumitomo Seika (Japan), Linde Plc (Ireland), Air Liquide (France).

According to recent market research the "High Purity Methane Gas Market by Storage & Distribution and Transportation, Application (Chemical Synthesis, Heat Detection, R &D Laboratory, Transistors & Sensors, Power Electronic), End-Use Industry, Region - Global Forecast to 2025" The global high purity methane gas market size is expected to grow from USD 6.8 billion in 2020 to USD 8.8 billion by 2025, at a CAGR of 5.2% during the forecast period.

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High purity gases are used in various electronic components such as silicon wafers, integrated circuits (IC), semiconductors, and solar cell products. High purity methane gas is a major feedstock to produce graphene, which has extraordinary properties such as low optical absorption, high electrical conductivity, high charge mobility, flexibility, and bendability. Graphene consists of carbon atoms that are arranged in a honeycomb structure, and it is just one atom thick. These properties make graphene suitable for many applications such as solar cells, transistors. One of the most promising applications of graphene is its use as a transparent conductive electrode.
The transparent conductive electrode should have high optical transparency and high electrical conductivity. Indium-tin-oxide (ITO) is commonly used as transparent conductive electrodes because of high optical transparency and high conductivity.

Also, graphene is used in the manufacturing of microchips or transistors, both essential elements in virtually all electronic devices. There are several companies that are already developing conductive ink, which is a type of ink that conducts electricity and is used to print circuits from graphene. The chemical vapor deposition (CVD is the most promising approach for producing graphene for large-scale electronic device applications because of its lower cost and higher efficiency.

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North America accounted for the largest share of the High purity methane gas market in 2020. Factors such as the rapidly increasing consumption of high purity methane gas in the electrical & electronics and chemical industries in countries such as US, Canada and Mexico have led to an increased demand for High purity methane gas in the North American region.

Osaka Gas (Japan), Sumitomo Seika (Japan), Linde Plc (Ireland), Air Liquide (France), and Matheson Tri-Gas Inc. (US). are the leading high purity methane gas manufacturers, globally.

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Osaka Gas is the largest player in the market. In January 2018 Osaka Gas USA, a 100% subsidiary of Osaka Gas Co. Ltd., acquired Michigan Power, a natural gas-fired power plant in Ludington, Michigan, from Wolverine Power Holdings, LLC, owned by Rockland Capital. Michigan Power is an approximately 125 MW gas-fired cogeneration facility that has been in operation since October 1995.

Sumitomo Seika is the second-largest player of the high purity methane gas market, globally. In March 2017, Sumitomo Seika Chemicals and Xergi (Denmark) collaborated to develop and promote a biogas plant engineering business in Japan. Biogas, which consists mainly of methane, is produced by methane fermentation in an anaerobic digestion process involving wet organic biomass materials. It can be utilized in a gas engine cogeneration system for heat and electricity production.

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