Specialty Gases Market Growth Accelerates: Strategic Forecast Predicts $19.57 Billion by 2029

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Will the Specialty Gases Industry Market Size Be by 2025?
In recent times, the market size of specialty gases has robustly increased. A rise from $12.77 billion in 2024 to $13.94 billion in 2025 is projected, with a compound annual growth rate (CAGR) of 9.1%. This substantial growth during the historical period can belinked to the increasing demand for high-purity gases, an expanding healthcare industry, a surge in requirements for gas-phase engraving, increased needs in the chemical sector, and escalating demand in the field of electronics manufacturing.

What's the Long-Term Growth Forecast for the Specialty Gases Market Size Through 2029?
The market size for specialty gases is projected to witness robust expansion over the coming years, with its valuation predicted to reach $19.57 billion in 2029, reflecting a compound annual growth rate (CAGR) of 8.9%. This upturn during the forecast span can be linked to the growing demand in the pharmaceutical industry, heightened need for semiconductors and light-emitting diodes (LEDs), a surging emphasis on safety and quality, swift industrial and economic progression, and an augmented call in the automobile sector. Key market trends for the forecast duration encompass technological progression, the implementation of eco-friendly manufacturing techniques, pioneering purification technologies, progress in blending technologies, and the incorporation of the internet of things (IoT) and smart monitoring systems.

View the full report here:
https://www.thebusinessresearchcompany.com/report/specialty-gases-global-market-report

What Are the Key Growth Drivers Fueling the Specialty Gases Market Expansion?
The surge in semiconductor demand is anticipated to boost the specialty gas market's expansion. Semiconductors, which possess electrical conductivity levels between conductors like copper or aluminum and insulators like rubber or glass, are increasingly in demand due to the rising need for more capable and effective electronic devices and to facilitate advancements in data processing, connectivity, and automation. Specialty gases play a crucial role in enhancing yield, quality, and efficiency in semiconductor production, catering to the rigorous precision, purity, and reliability needs of the industry. For example, the Semiconductor Industry Association, a US-based firm, reported that global semiconductor industry sales amounted to $526.8 billion in 2023 and are forecasted to rise by 13.1% in the second quarter of 2024. So, the burgeoning demand for semiconductors is fueling the expansion of the specialty gases market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18474&type=smp

What Are the Key Trends Driving Specialty Gases Market Growth?
Major corporations in the specialty gases industry are working towards the production of state-of-the-art specialty gas production units to elevate proficiency, provide accurate gas blend formulations, and maintain the rising quality and purity standards necessary for various industries. These up-to-date units offer a thorough understanding of the progression of production and instantaneous awareness for improved efficiency and safety management. As an example, Computers Unlimited, a firm based in the US, triggered the release of an enhanced specialty gas production module for its TIMS software system in May 2024. This module is built to transform the processing and handling of custom-made specialty gases. It is an essential tool for the administration of personalized gas blends in the industrial gas sector.

How Is the Specialty Gases Market Segmented?
The specialty gases market covered in this report is segmented -

1) By Type: High-Purity Gases, Noble Gases, Carbon Gases, Halogen Gases, Other Types
2) By Element: Argon, Nitrogen, Helium, Carbon Monoxide, Methane, Oxygen, Hydrogen, Other Elements
3) By Packaging Type: Packaged, Bulk And On-site
4) By Sales Type: Captive, Merchant
5) By End-User Industry: Automotive, Electronics, Medical And Healthcare, Food And Beverage, Oil And Gas, Other End-User Industries

Subsegments:
1) By High-Purity Gases: High-Purity Nitrogen, High-Purity Oxygen, High-Purity Hydrogen, High-Purity Helium, High-Purity Argon, Other High-Purity Gases
2) By Noble Gases: Helium, Neon, Argon, Krypton, Xenon
3) By Carbon Gases: Carbon Dioxide (CO2), Carbon Monoxide (CO), Methane (CH4), Other Carbon Gases
4) By Halogen Gases: Fluorine (F2), Chlorine (Cl2), Bromine (Br2), Other Halogen Gases
5) By Other Types: Acetylene (C2H2), Ammonia (NH3), Nitrous Oxide (N2O), Hydrogen Chloride (HCl), Other Specialty Gases

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=18474&type=smp

Which Companies Are Leading the Charge in Specialty Gases Market Innovation?
Major companies operating in the specialty gases market are Mitsui Chemicals Inc., Linde plc, Air Liquide S.A., DuPont de Nemours Inc., Air Products and Chemicals Inc., Showa Denko K.K., Airgas, Messer Group GmbH, Norco Inc., Kanto Denka Kogyo Co. Ltd., Praxair, Purity Cylinder Gases Inc., Welsco Inc., ILMO Products Company, Weldstar, American Gas Products, Coregas, MESA International Technologies Inc., Nova Gas Technologies Inc., Concorde Specialty Gases Inc., Electronic Fluorocarbons LLC, Advanced Specialty Gases Inc., Iwatani Corporation

Which Regions Are Leading the Global Specialty Gases Market in Revenue?
Asia-Pacific was the largest region in the specialty gases market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the specialty gases market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18474

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.