Owing to the importance and diverse applications of specialty gases in general manufacturing, the prosperity of the latter is leading to the propulsion in the opportunities pertaining to the specialty gases marketplace. Additionally, specialty gases are used as an intermediate feedstock in chemical production. As per the observations of a new business publication from IndustryARC, the global specialty gas market valued at $8,477 million in 2018, and the demand is projected to propel at a compound annual growth rate (CAGR) of 5.40% during the forecast period 2019 to 2025.
The IndustryARC’s business intelligence report is titled “Specialty Gas Market: By Types (High Purity, Noble, Carbon, Halogen), By Application (Photo Voltaic Cells Plasma Display Panels, Laser Systems & Equipment) By Industry (Manufacturing, Electronics, Healthcare, Academics, & Others) – Forecast (2019 – 2025).” The report also documents that rapid technological developments and innovations in the automotive and electronics industry are also creating disruptions in the specialty gas market demand. Furthermore, there are a wide range of specialty gas equipment and industrial gas equipment matters to be considered.
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Global Specialty Gas Market: Leading Segments
North America accounted for the largest revenue share in the global specialty gas in 2018, at 38%. The U.S and Canada is highlighted to have contributed the majority of the demand. On the other hand, the key application segment of the specialty gas market is analytical & calibration, as pinpointed by the IndustryARC’s analyst. The estimated opportunities for growth in this application is an impressive CAGR of 6.77% during the aforementioned forecast period.
Global Specialty Gas Market: Market Trends and Growth Drivers
- Additive Manufacturing
Additive manufacturing has revolutionized the process of making things. It has opened newer possible ways to designers and the industries to make complex geometrics in a very short span of time. Specialty gases are used more efficiently through additive manufacturing.
- Environmental Compliance
One of the most important growth driver is to mandate the use of specialty gas. The companies have to follow a complete line of EPA protocols. This has led to increasing demand for specialty gas in the market.
- High Purity Gas Cleaning
The specialty gases are used widely in various sectors. It has the ultra-high purity which is of 99.995% an above that is used in various applications and industries such as medicine, pharmaceuticals, electronics and semiconductors, and petrochemicals.
- Growing Demands in Industry
The growing demand in a lot of industries is increasing the value and the importance of specialty gases worldwide. The growth in the applications are the strongest growth drivers in specialty gas market.
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Global Specialty Gas Market: Competitive Landscape
Some of the key companies identified in the report that are currently holding majority shares in the global specialty gas market are Air Products & Chemical Inc., Praxair Inc., Linde Group, Air Liquide SA, Taiyo Nippon Sanso Corporation, Showa Denko K.K., Messer Group GmbH, Iwatani Corporation, Air Water Inc., and Coregas Pty Ltd.
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What can you expect from the report?
The Specialty Gas Market is Prepared with the Main Agenda to Cover the following 20 points:
- Specialty Gas Market Size by Product Categories & Application
- Specialty Gas Market trends & Relevant Market Data
- Manufacturer Landscape
- Distributor Landscape
- Pricing Analysis
- Top 10 End-user Analysis
- Product Benchmarking
- Product Developments
- Mergers & Acquisition Analysis
- Patent Analysis
- Specialty Gas Market Demand Analysis (Revenue & Volume)
- Country-level Analysis
- Competitor Analysis
- Specialty Gas Market Shares Analysis
- Value Chain Analysis
- Supply Chain Analysis
- Specialty Gas Market Strategic Analysis
- Specialty Gas Market Current & Future Market Landscape Analysis
- Opportunity Analysis
- Specialty Gas Market Revenue and Volume Analysis
Frequently Asked Questions:
1. Does IndustryARC publish country or application based reports in the specialty gas market segment?
Answer: Yes, we do have separate reports as mentioned below:
Western Canada Specialty Market
China Industrial Gas Market
2. Does IndustryARC provide customized reports and charge additionally for limited customization?
Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
- Increase the level of data in the application or end-user industry.
- Increase the number of countries in geography chapter.
- Find out market shares for other smaller companies or companies which are of interest to you.
- Company profiles can be requested based on your interest.
- Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.
Any other custom requirements can be discussed with our team, drop an e-mail to firstname.lastname@example.org to discuss more about our consulting services.
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About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.
Mr. Venkat Reddy
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