Global Specialty Gas Market By Overview
Specialty Gas Market was valued at US$ 13.7 Billion in 2024 and is projected to grow at a CAGR of 7.50% to reach US$ 28.3 Billion by 2034.
All minor gases used in specific applications as well as rare or ultra-pure gases are considered specialty gases. Specialty gases include things like calibration gases, zero gases, carrier gases, span gases, instrumentation gases, and bump test gases. They may be pure gases or mixes of gases with components in concentrations as low as tenths of one percent and as high as parts per billion or trillions of one percent. Specialty gases are used in analytical techniques like Fourier transform infrared (FTIR) and non-dispersive infrared (NDIR), as well as gas and liquid chromatography (NDIR).
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Global Specialty Gas Market By Drivers & Restraints
The need for photovoltaic cells and plasma display panels, as well as a growing healthcare industry, are expected to drive up the global market in the future. The industries that are driving market expansion in Asia Pacific include metal fabrication, lighting, welding and cutting, and chemical production. Due to the growing need for more complex semiconductors, gas-phase engraving and cleaning are replacing wet processes. This requires the use of specialised gases. The need for high-purity gases like oxygen, nitrogen, and other specialised gases has surged as a result of the pandemic, which has opened up new prospects in the healthcare industry.
Global Specialty Gas Market By Segmentations & Regional Insights
Specialty Gas Market is segmented based on type, application and region.
On the basis of type, the Global Specialty Gas Market is segmented into Carbon-Based Gases, Noble Gases, Halogen-Based Gases, and Atmospheric Gases. On the basis of application, the Global Specialty Gas Market is segmented into Manufacturing, Electronics, Healthcare, Automotive, Onshore, and Other.
On basis of region the Specialty Gas Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. A large portion of market growth is probably coming from the Asia Pacific area.
Report Scope:
|
Attribute |
Details |
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Base year for estimation |
2023 |
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Forecast period |
2024– 2034 |
|
Market representation |
Revenue in USD Million & CAGR from 2024 to 2034 |
|
Market Segmentation |
By Type – Carbon-Based Gases, Noble Gases, Halogen-Based Gases, and Atmospheric Gases. By Application – Manufacturing, Electronics, Healthcare, Automotive, Onshore, and Other. |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Global Specialty Gas report based on test, application, and region.
Specialty Gas Market, By Type:
- Carbon-Based Gases
- Noble Gases
- Halogen-Based Gases
- Atmospheric Gases
Specialty Gas Market, By Application:
- Manufacturing
- Electronics
- Healthcare
- Automotive
- Onshore
- Other
Specialty Gas Market, By Region:
- North America
- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
-
- U.S.
- Canada
- Middle East & Africa
Global Specialty Gas Market By Competitive Landscape & Key Players
The key players operating the Specialty Gas Market Air Liquide, Praxair Inc., Taiyo Nippon Sanso Corporation, Linde Group, Air Products and Chemicals Inc., American Air Liquide Holdings, Airgas Inc., E. I. du Pont de Nemours and Company, Kanto Denka Kogyo Co., Ltd., and Praxair Incorporated.
Global Specialty Gas Market By Company Profile
- Air Liquide*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Praxair Inc.
- Taiyo Nippon Sanso Corporation
- Linde Group
- Air Products and Chemicals Inc.
- American Air Liquide Holdings
- Airgas Inc.
- E. I. du Pont de Nemours and Company
- Kanto Denka Kogyo Co., Ltd.
- Praxair Incorporated.
“*” marked represents similar segmentation in other categories in the respective section
Global Specialty Gas Market By Highlights
FAQs
Specialty Gas Market was valued at US$ 13.7 Billion in 2024 and is projected to grow at a CAGR of 7.50% to reach US$ 28.3 Billion by 2034.
Specialty Gas market is segmented into type, application and region.
The Specialty Gas Market is driven by factors such as the increasing demand for high-purity gases in various industries, advancements in specialty gas production and handling technologies, applications in electronics and healthcare sectors, and the growing emphasis on environmental monitoring and control.
The high production and purification costs, potential supply chain disruptions, strict regulatory requirements, competition with alternative gas sources, and variations in demand from different end-use industries, acting as potential restraints for the Specialty Gas Market globally.
North America, Europe, Asia-Pacific, and Latin America. North America is expected to dominate the Specialty Gas Market, driven by the presence of key industries and research facilities. Europe is also a significant market with a focus on high-tech applications. Asia-Pacific may witness substantial growth due to the expanding industrial and healthcare sectors in countries like China and India.
The key players in the global Specialty Gas market includes Air Liquide, Praxair Inc., Taiyo Nippon Sanso Corporation, Linde Group, Air Products and Chemicals Inc., American Air Liquide Holdings, Airgas Inc., E. I. du Pont de Nemours and Company, Kanto Denka Kogyo Co., Ltd., and Praxair Incorporated.