Global High Purity Specialty Gases Market, By Types (Noble, Titanate Carbon, Halogen and Other Specialty), Applications (Manufacturing, Electronics, Healthcare, Institutional and Others)-Industry Trends and Forecast to 2029.
Global High Purity Specialty Gases Market Analysis and Size
In the electronics sector, specialty gases are used to make components like integrated circuits (IC) and silicon wafers, as well as flat panel display goods and compound semiconductors. Wet procedures are being supplanted by gas-phase engraving and cleaning, which necessitates the employment of speciality gases, due to the increasing need for extra complicated semiconductors.
- Healthcare is expected to hold the largest share in the high purity specialty gases market due to the industry's growth is being driven by rising preference in the healthcare sector due to an improved rate of applicability in medical applications. Data Bridge Market Research analyses that the high purity specialty gases market was valued at USD 2548.80 million in 2021 and is further estimated to reach USD 4124.13 million by 2029, and is expected to grow at a CAGR of 6.2% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2019 - 2014)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Types (Noble, Titanate Carbon, Halogen and Other Specialty), Applications (Manufacturing, Electronics, Healthcare, Institutional and Others)
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America
|
|
Market Players Covered
|
Linde Group (Ireland), Air Liquide S.A. (France), Praxair, Inc. (US), Air Products and Chemicals, Inc. (US), Nippon Sanso Holdings Corporation (Japan), AIR WATER INC. (Japan), The Messer Group GmbH (Germany), Yingde Gases Group Company (China), IWATANI CORPORATION (Japan), Norco Inc. (US), Showa Denko K.K. (Japan), Chemix Speciality Gases and Equipment (India), SOL (Italy).
|
|
Market Opportunities
|
|
Global High Purity Specialty Gases Market Definition
A specialty gas is a gas or gas mixture that is used as a comparison standard in the calibration of analytical devices such as gas analysers and gas detectors. As a result, a Specialty Gas must have a precise nature or composition, such as zero gas or span gas, with 500 ppm carbon monoxide in nitrogen, for example.
Advanced Ceramics Market Dynamics
Drivers
- Rise in the demand for semiconductor devices
Its use as a cleaning gas for plasma enhanced chemical vapour deposition (PECVD) for high-tech thin films is growing in popularity, as is its use in the fabrication of semiconductor devices and flat panel displays is further anticipated to propel the growth of the market.
- Rising healthcare sector demand
Furthermore, the market is being boosted by significant growth and increased expenditure in the medical and healthcare sectors.
- Growing end user industry growth
Improved economic conditions supporting strong demand for electronic goods and increasing demand for electronics in the end use sectors, which account for the majority of the entire market.
Opportunities
In addition, the growing development in healthcare industry is further estimated to provide potential opportunities for the growth of the high purity specialty gases market in the coming years.
Restraints/Challenges Global High Purity Specialty Gases Market
On the other hand, the structural and regulatory restrictions is further projected to impede the growth of the high purity specialty gases market in the targeted period. However, the strict environmental regulations might further challenge the growth of the high purity specialty gases market in the near future.
This high purity specialty gases market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the high purity specialty gases market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Covid-19 Impact on Advanced Ceramics Market
The pandemic of COVID-19 has had a huge impact on the high purity specialty gases market. COVID-19 had a negative impact on the market in 2020. Most manufacturing plants were temporarily shut down due to lockdowns in many nations, resulting in lower demand for certain specialised gases. Furthermore, due to an increase in coronavirus cases, building work was halted, resulting in lower usage of welding gases such as hydrogen and argon. However, in the post-COVID scenario, high purity specialty gases market is projected to be significantly impacted.
Recent Development
- In August 2019, the gasification business unit of General Electric Company was purchased by Air Products and Chemicals, Inc. The purchase is expected to help the company to broaden its product offerings, enhance its position, and build, own, and operate gasification plants all over the world.
Global Advanced Ceramics Market Scope and Market Size
The high purity specialty gases market is segmented on the basis of types and applications. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Types
- Noble
- Titanate Carbon
- Halogen
- Other Specialty
On the basis of types, the high purity specialty gases market is segmented into noble, titanate carbon, halogen and other specialty.
Applications
- Manufacturing
- Electronics
- Healthcare
- Institutional
- Others
On the basis of applications, the high purity specialty gases market is segmented into manufacturing, electronics, healthcare, institutional and others.
Advanced Ceramics Market Regional Analysis/Insights
The high purity specialty gases market is analysed and market size insights and trends are provided by country, types and applications as referenced above.
The countries covered in the high purity specialty gases market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the high purity specialty gases market due to the occurrence of several end use industries such as healthcare, electronics, manufacturing, pharmaceutical and others. Furthermore, the growing investments commenced in the advancing custom blending techniques and rising adoption of new technology for the production process, equipment, and packaging will further boost the growth of the high purity specialty gases market in the region during the forecast period.
Europe is projected to observe significant amount of growth in the high purity specialty gases market due to the rise in the demand for specialty gases. Moreover, the technological development in packaging, growing disposable income, and high standard of living is further anticipated to propel the growth of the high purity specialty gases market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Advanced Ceramics Market Share Analysis
The high purity specialty gases market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to high purity specialty gases market.
Some of the major players operating in the high purity specialty gases market are:
- Linde Group (Ireland)
- Air Liquide S.A. (France)
- Praxair, Inc. (US)
- Air Products and Chemicals, Inc. (US)
- Nippon Sanso Holdings Corporation (Japan)
- AIR WATER INC. (Japan)
- The Messer Group GmbH (Germany)
- Yingde Gases Group Company (China)
- IWATANI CORPORATION (Japan)
- Norco Inc. (US)
- Showa Denko K.K. (Japan)
- Chemix Speciality Gases and Equipment (India)
- SOL (Italy
Research Methodology : Global Advanced Ceramics Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-high-purity-specialty-gases-market
SKU-