About Specialty Gases
The specialty gases market is propelling owing to its high demand in semiconductors, electronics, and the healthcare industry coupled with its low cost. They may be either pure gases or gas mixtures containing components at varying concentrations. These gases find application in analytical methods including solid and liquid chromatography as well as Fourier Transform Infrared and non-dispersive infrared processes. Recent developments and increased utilization of industrial specialty gases for packaging food are also expected to drive growth. In addition, a rise in innovative manufacturing practices and investments is expected to contribute tremendously to market growth during the forecast period.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
Key players adopt novel approaches to grab market recognition and share. These strategic initiatives include organic growth methods such as product launches, partnerships, and product approvals, as well as leveraging opportunities to expand their global presence via acquisitions and collaborations. With the increase in the adoption of automation and environment-friendly moves, many companies attempt to gain a competitive advantage and market share and to establish a robust market presence. Analyst at AMA Research estimates that Asia Pacific Vendors will contribute the maximum growth to Global Specialty Gases market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Air Liquid International SA (France), Linde Group (Ireland), Praxair Inc. (United States), Taiyo Bippon Sanso Corporation (Japan), Air Water Inc. (Japan), Showa Denko K.K. (Japan), Coregas Pty Ltd. (Australia), Air Products and Chemicals Inc. (United States), Norco Inc. (United States) and Cryogen Instruments India Pvt. Ltd. (India) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are MITSUI CHEMICALS, INC (Japan), SOL Group (Italy), Chemix Gases (India) and MESA Specialty Gas (United States).
Segmentation Overview
AMA Research has segmented the market of Global Specialty Gases market by Type (High Purity Gases (99.999% purity and above), Rare Gases (Neon, Krypton, Xenon), Carbon Gases (CO2, Carbon Monoxide), Halogen Gases (Chlorine, Fluorine), Noble Gases (Helium, Argon), Reactive Gases (Ammonia, Hydrogen Chloride, Nitrogen Oxides), Calibration Gases (Gas mixtures for analytical instruments) and Cryogenic Gases (Liquid Nitrogen, Liquid Helium)), Application (Electronics & Semiconductor Manufacturing, Healthcare & Medical (MRI, anesthesia, respiratory therapy), Chemical & Petrochemical, Automotive & Aerospace (welding, leak detection), Food & Beverage (packaging, carbonation), Environmental Monitoring & Testing (calibration, gas analysis), Energy & Power Generation (gas turbines, fuel cells) and Metallurgy & Material Processing) and Region.
On the basis of geography, the market of Specialty Gases has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution & Supply Mode, the sub-segment i.e. Cylinder Gas Supply will boost the Specialty Gases market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Widespread Adoption of Solar Power Systems That Utilizes Specialty Gases
Market Growth Drivers:
Increasing Demand for Specialty Gases in Semiconductor Manufacturing
Challenges:
Risks Associated With Transportation of Specialty Gases
Restraints:
Stringent Government Regulations Associated With Specialty Gases
Opportunities:
Increasing Applications of Specialty Gases in the Healthcare and Pharmaceutical Sector Owing to their Ultra-High Purity
Market Leaders and their expansionary development strategies
In April 2022, Air Products acquired Air Liquide Emirates for Industrial Gases LLC including packaged gases, liquid bulk, and specialty gases. Through this acquisition, the company expanded its footprint and regional presence in the UAE and Bahrain thereby strengthening its product sourcing and reliability.
In April 2022, Linde Group signed a long-term agreement with Mims, a major space launch company in Florida for the supply of bulk industrial gases. This strategic agreement reinforces Linde's well-earned reputation as a trusted and reliable supplier of industrial gases to aerospace customers, among others.
Key Target Audience
Specialty Gas Manufacturers and Distributors, Market Research and Consulting Firms, Government Agencies, Regulatory Bodies, Potential Investors, Research and Development Institutes, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.