The Specialty Gas Market is estimated to expand at a robust 5.3% CAGR during the forecast period till 2029.

The factors driving growth of the Specialty Gas Market includes increasing use of specialty gas in end-use industries such as healthcare, electronics, and manufacturing, growing demand for semiconductors and photovoltaic products and improvements in the living standards. Moreover, increasing application of specialty gas for producing components such as silicon wafers and Integrated Circuits, Government policies mandating the production of specialty gas and growing adoption of advanced technologies by manufacturers, are some of the additional factors supplementing the Specialty Gas Market share. In addition, the increasing investments by major players on research and development, strategic alliances between companies, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.  

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However, growth of the Specialty Gas Market is hindered because specialty gases are difficult to transport.

The major players operating in the market are Weldstar Inc., Mesa Specialty Gases & Equipment, Coregas Pty Ltd., Norco Inc., Air Liquide International S.A., Messer Group GmbH, Air Products and Chemicals Inc., Taiyo Nippon Sanso Corporation, Showa Denko K.K and Iwatani Corporation, among others.

Based on Product, the Ultra-high Purity gas segment is predicted to grow at a robust CAGR during the forecast period

Increasing use of high purity gases in manufacturing semiconductors, displays and photovoltaic panels, is the major factor pushing growth of the segment.

Based on Application, the Healthcare segment is projected to capture a sizeable market share over the forecast period

Increasing application of specialty gas in reanimation process, anesthetic and mechanical ventilation, is propelling segment’s growth.

Based on Region, the Asia-Pacific region is anticipated to expand at a remarkable CAGR during the forecast period

Presence of the leading players such as Taiyo Nippon Sanso Corporation, Showa Denko K.K and Iwatani Corporation, expansion of the healthcare sector, rapid urbanization, increasing per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in the Asia-Pacific region.

Market Segmentation

Segmentation by Product

• Noble gas
• Carbon gas
• Ultra-high Purity gas
• Halogen gas

Segmentation by Application

• Manufacturing
• Electronics
• Healthcare
• Others

Segmentation by Region

• Asia Pacific
  • China
  • Japan
  • India
  • Rest of APAC
• North America
  • United States of America
  • Canada
• Europe
  • United Kingdom
  • Germany
  • France
  • Spain
  • Rest of Europe
• RoW
  • Brazil
  • South Africa
  • Saudi Arabia
  • UAE

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