Specialty Gas Market Size, Share & Trends Analysis Report By Product (Ultra-high Purity Gases, Carbon Gases), By Application (Electronics, Healthcare), By Region (Europe, Asia Pacific), And Segment Forecasts, 2023 - 2030
Description
Specialty Gas Market Size, Share & Trends Analysis Report By Product (Ultra-high Purity Gases, Carbon Gases), By Application (Electronics, Healthcare), By Region (Europe, Asia Pacific), And Segment Forecasts, 2023 - 2030
Specialty Gas Market Growth & Trends
The global specialty gas market size is anticipated to reach USD 21.81 billion by 2030, expanding at a CAGR of 7.7% from 2023 to 2030, according to a new report by Grand View Research, Inc. The increasing product adoption in electronics, manufacturing, and healthcare applications is anticipated to drive market growth. A rise in spending by governments across the globe to upgrade healthcare facilities acts as one of the major factors driving the growth of the market for specialty gas. The increased demand for flat panel displays and semiconductor devices boosts market growth. The widespread use of specialty gas as a cleaning gas for thermal chemical vapor deposition for high-tech thin films is driving their demand. The COVID-19 pandemic negatively impacted the global market.
The pandemic disrupted the whole supply chain causing a shortage of raw materials required for the consumer electronics, food & beverage, petrochemical, and manufacturing industries. The lower production in these industries also negatively impacted the demand for specialty gases. Asia Pacific dominated the market and accounted for the largest market share of 38.5% in 2022 and is expected to retain its dominance over the forecast period. The region dominates electronic and semiconductor manufacturing. China is a manufacturing powerhouse that ranks as the world’s top producer of automobiles, manufacturing, semiconductors, and other significant end-use industries. The dominant presence of various end-use industries in the region is contributing to the market growth.
Specialty Gas Market Report Highlights
- Based on product, the carbon gases segment accounted for the largest revenue share of 30.2% in 2022 and is expected to retain its dominance over the forecast period. Carbon dioxide and carbon monoxide, in particular, are in high demand in the market because of their common use in a variety of industrial applications
- For example, carbon dioxide in solid and liquid form is used for refrigeration and cooling. Furthermore, it is useful as an inert gas in chemical processes, carbon powder storage, and fire extinguishers. In the metals business, carbon dioxide is used to strengthen the hardness of casting molds
- Based on application, the electronics segment is expected to grow at a CAGR of 8.3% over the forecast period. The growth of this segment can be attributed to the increasing demand for specialty gases in the production of a variety of electronic devices and components, including semiconductors, display devices, LED panels, and solar panels
- In November 2022, Air Liquide S.A. announced its plan to innovate and produce renewable and low-carbon hydrogen at the Grandpuits zero crude with TotalEnergies. The company invested approximately USD 140 million to develop a new low-carbon hydrogen unit with a capacity of manufacturing more than 20,000 tons per year
Table of Contents
80 Pages
- Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definition
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 GVR’s Internal Database
- 1.3.3 Secondary Sources
- 1.3.4 Third Party Perspective
- 1.3.5 Primary Research
- 1.4 Information Analysis
- 1.4.1 Data Analysis Models
- 1.5 Research Scope and Assumptions
- 1.6 Data Validation and Publishing
- 1.7 List of Abbreviations
- Chapter 2 Executive Summary
- Chapter 3 Specialty Gas Market: Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Parent Market Outlook
- 3.2 Penetration & Growth Prospect Mapping
- 3.3 Global Specialty Gas Market: Value Chain Analysis
- 3.4 Technology Overview
- 3.5 Raw Material Trend
- 3.6 Global Specialty Gas Industry: Market Dynamics
- 3.6.1 Market Driver Analysis
- 3.6.2 Market Restraint Analysis
- 3.6.3 Market Trend Analysis
- 3.6.4 Market Opportunity Analysis
- 3.7 Global Specialty Gas Market - Porter’s Five Forces Analysis
- 3.7.1 Supplier Power
- 3.7.2 Buyer Power
- 3.7.3 Substitution Threat
- 3.7.4 Threat of New Entrants
- 3.7.5 Competitive Rivalry
- 3.8 Global Specialty Gas Market - PESTEL Analysis
- 3.8.1 Political Landscape
- 3.8.2 Economic Landscape
- 3.8.3 Social Landscape
- 3.8.4 Technology Landscape
- 3.8.5 Environmental Landscape
- 3.8.6 Legal Landscape
- 3.9 Regulatory Framework
- 3.10 Impact of COVID-19 Pandemic
- Chapter 4 Specialty Gas Market: Product Estimates & Trend Analysis
- 4.1 Global Specialty Gas Market: Product Movement Analysis & Market Share, 2022 & 2030
- 4.2 Ultra-High Purity Gases
- 4.2.1 Global Specialty Gas Market Estimates and Forecasts for Ultra-High Purity Gases, 2018 - 2030 (USD Million)
- 4.3 Noble Gases
- 4.3.1 Global Specialty Gas Market Estimates and Forecasts for Noble Gases, 2018 - 2030 (USD Million)
- 4.4 Carbon Gases
- 4.4.1 Global Specialty Gas Market Estimates and Forecasts for Carbon Gases, 2018 - 2030 (USD Million)
- 4.5 Halogen Gases
- 4.5.1 Global Specialty Gas Market Estimates and Forecasts for Halogen Gases, 2018 - 2030 (USD Million)
- 4.6 Others
- 4.6.1 Global Specialty Gas Market Estimates and Forecasts for Others, 2018 - 2030 (USD Million)
- Chapter 5 Specialty Gas Market: Application Estimates & Trend Analysis
- 5.1 Global Specialty Gas Market: Application Movement Analysis & Market Share, 2022 & 2030
- 5.2 Manufacturing
- 5.2.1 Global Specialty Gas Market Estimates and Forecasts for Manufacturing, 2018 - 2030 (USD Million)
- 5.3 Electronics
- 5.3.1 Global Specialty Gas Market Estimates and Forecasts for Electronics, 2018 - 2030 (USD Million)
- 5.4 Healthcare
- 5.4.1 Global Specialty Gas Market Estimates and Forecasts for Healthcare, 2018 - 2030 (USD Million)
- 5.4 Institutions
- 5.4.1 Global Specialty Gas Market Estimates and Forecasts for Institutions, 2018 - 2030 (USD Million)
- 5.5 Others
- 5.5.1 Global Specialty Gas Market Estimates and Forecasts for Others, 2018 - 2030 (USD Million)
- Chapter 6 Global Specialty Gas Market: Regional Estimates & Trend Analysis
- 6.1 Global Specialty Gas Market: Regional Movement Analysis & Market Share, 2022 & 2030
- 6.2 North America
- 6.2.1 North America Specialty Gas Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.2 North America Specialty Gas Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.2.3 North America Specialty Gas Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
- 6.2.4 U.S.
- 6.2.4.1 U.S. Specialty Gas Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.4.2 U.S. Specialty Gas Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.2.4.3 U.S. Specialty Gas Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
- 6.2.5 Canada
- 6.2.5.1 Canada Specialty Gas Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.5.2 Canada Specialty Gas Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.2.5.3 Canada Specialty Gas Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
- 6.2.6 Mexico
- 6.2.6.1 Mexico Specialty Gas Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.6.2 Mexico Specialty Gas Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.2.6.3 Mexico Specialty Gas Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
- 6.3 Europe
- 6.3.1 Europe Specialty Gas Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.2 Europe Specialty Gas Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.3.3 Europe Specialty Gas Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
- 6.3.4 Germany
- 6.3.4.1 Germany Specialty Gas Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.4.2 Germany Specialty Gas Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.3.4.3 Germany Specialty Gas Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
- 6.3.5 France
- 6.3.5.1 France Specialty Gas Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.5.2 France Specialty Gas Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.3.5.3 France Specialty Gas Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
- 6.3.6 UK
- 6.3.6.1 UK Specialty Gas Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.6.2 UK Specialty Gas Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.3.6.3 UK Specialty Gas Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
- 6.4 Asia Pacific
- 6.4.1 Asia Pacific Specialty Gas Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.2 Asia Pacific Specialty Gas Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.4.3 Asia Pacific Specialty Gas Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
- 6.4.4 China
- 6.4.4.1 China Specialty Gas Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.4.2 China Specialty Gas Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.4.4.3 China Specialty Gas Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
- 6.4.5 Japan
- 6.4.5.1 Japan Specialty Gas Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.5.2 Japan Specialty Gas Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.4.5.3 Japan Specialty Gas Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
- 6.4.6 India
- 6.4.6.1 India Specialty Gas Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.6.2 India Specialty Gas Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.4.6.3 India Specialty Gas Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
- 6.4.7 South Korea
- 6.4.7.1 South Korea Specialty Gas Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.7.2 South Korea Specialty Gas Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.4.7.3 South Korea Specialty Gas Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
- 6.5 Central & South America
- 6.5.1 Central & South America Specialty Gas Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.2 Central & South America Specialty Gas Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.5.3 Central & South America Specialty Gas Market Estimates and Forecasts, by Application, 2018 - 2030(USD Million)
- 6.5.4 Brazil
- 6.5.4.1 Brazil Specialty Gas Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.4.2 Brazil Specialty Gas Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.5.4.3 Brazil Specialty Gas Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
- 6.5.5 Argentina
- 6.5.5.1 Argentina Specialty Gas Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.5.2 Argentina Specialty Gas Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.5.5.3 Argentina Specialty Gas Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
- 6.6 Middle East & Africa
- 6.6.1 Middle East & Africa Specialty Gas Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.2 Middle East & Africa Specialty Gas Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.6.3 Middle East & Africa Specialty Gas Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
- 6.6.4 Saudi Arabia
- 6.6.4.1 Saudi Arabia Specialty Gas Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.4.2 Saudi Arabia Specialty Gas Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.6.4.3 Saudi Arabia Specialty Gas Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
- 6.6.7 UAE
- 6.6.7.1 UAE Specialty Gas Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.7.2 UAE Specialty Gas Market Estimates and Forecasts, by Product, 2018 - 2030 (USD Million)
- 6.6.7.3 UAE Specialty Gas Market Estimates and Forecasts, by Application, 2018 - 2030 (USD Million)
- Chapter 7 Competitive Landscape
- 7.1 Recent Developments & Impact Analysis, By Key Market Participants
- 7.2 Strategic Framework Analysis
- 7.3 Vendor Landscape
- 7.3.1 Raw material Suppliers
- 7.3.2 List of Manufacturers
- 7.3.3 List of Distributors
- 7.4 Major Deals & Strategic Alliances Analysis
- Chapter 8 Company Profiles
- 8.1 Air Products and Chemicals, Inc.
- 8.1.1 Company Overview
- 8.1.2 Financial performance
- 8.1.3 Product benchmarking
- 8.1.4 Strategic Initiatives
- 8.2 Air Liquide
- 8.2.1 Company Overview
- 8.2.2 Financial performance
- 8.2.3 Product benchmarking
- 8.2.4 Strategic Initiatives
- 8.3 Messer Group GmbH
- 8.3.1 Company Overview
- 8.3.2 Financial performance
- 8.3.3 Product benchmarking
- 8.3.4 Strategic Initiatives
- 8.4 Linde plc
- 8.4.1 Company Overview
- 8.4.2 Financial performance
- 8.4.3 Product benchmarking
- 8.4.4 Strategic Initiatives
- 8.5 TAIYO NIPPON SANSO CORPORATION
- 8.5.1 Company Overview
- 8.5.2 Financial performance
- 8.5.3 Product benchmarking
- 8.5.4 Strategic Initiatives
- 8.6 MESA Specialty Gases & Equipment
- 8.6.1 Company Overview
- 8.6.2 Product benchmarking
- 8.6.3 Strategic Initiatives
- 8.7 Weldstar
- 8.7.1 Company Overview
- 8.7.2 Product benchmarking
- 8.7.3 Strategic Initiatives
- 8.8 Norco Inc.
- 8.8.1 Company Overview
- 8.8.2 Product benchmarking
- 8.8.3 Strategic Initiatives
- 8.7 Coregas
- 8.9.1 Company Overview
- 8.9.2 Product benchmarking
- 8.9.3 Strategic Initiatives
- 8.10 SHOWA DENKO K.K.
- 8.10.1 Company Overview
- 8.10.2 Product benchmarking
- 8.10.3 Strategic Initiatives
- Chapter 9 KoL Commentary
Pricing
Currency Rates
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