Report Ocean recently released a research report on the Specialty Gas Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
The global specialty gas market size was US$ 10.8 billion in 2021. The global specialty gas market is forecast to grow to US$ 19.2 billion by 2030, registering a compound annual growth rate (CAGR) of 6.9% during the forecast period from 2022 to 2030.
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Factors Influencing the Market
The increasing demand for solar cells is forecast to fuel market growth. In addition, specialty gas offers abundant benefits, such as yield enhancement, cost reduction, and performance optimization. Specialty gases find their applications in various industries, such as electronics, manufacturing, biotechnology, academics, automotive, healthcare, and semi-conductors. Thus, all of these factors will contribute to the growth of the global specialty gas market during the forecast period.
The applications of specialty gas in the plasma display panels and solar cells are forecast to benefit the market over the forecast period. In addition, rising awareness about the environment’s safety and increasing government emphasis are all forecast to boost the market growth in the coming years.
The growing healthcare segment is forecast to benefit the global specialty gas market. On the contrary, increasing regulations and constraints on specialty gas production may hamper the growth of the overall market during the forecast period.
Regional Analysis
Asia-Pacific specialty gas market is forecast to lead by holding the highest market share. The growth of the region will be due to the presence of prominent end-use industries. In addition, the governments in the region are working on expanding the healthcare, electronics, manufacturing, and pharmaceutical industries. Moreover, massive investments from government and private bodies to enhance the production process, equipment, and packaging industries will surge the demand for specialty gas products.
China accounts for the largest share in the global specialty gas, owing to the increasing demand for electronic specialty gases in the region. In addition, growing healthcare, food and beverage, electronics, and pharmaceutical sector will boost the growth of the specialty gas market during the study period.
Europe is forecast to witness positive growth in the specialty gas market, owing to the growing technological advancement, rising disposable income, and growing living standards of the population. In addition, favorable government investments will boost the market growth during the forecast period from 2022 to 2030.
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COVID-19 Impact Analysis
During the COVID-19 pandemic, the specialty gas market observed several obstacles globally. Various industries witnessed limited growth due to the pandemic, and the specialty gas market was one of them. The demand for automotive, electronics, and biotechnology decreased significantly. As a result, it impacted the growth of the specialty gas market. However, the market witnessed several growth opportunities in the healthcare segment as it was one of the growing end-use industry segments during the pandemic.
Competitors in the Market
- Linde plc
- Air Liquide International S.A.
- Messer Group GmbH
- Air Products and Chemicals, Inc.
- Weldstar, Inc.
- Mesa Specialty Gases & Equipment
- Norco Inc.
- Taiyo Nippon Sanso Corporation
- Showa Denko K.K.
- Other prominent players
Market Segmentation
The global specialty gas market segmentation focuses on Type, Application, and Region.
By Type
- Ultra-high Purity
- Noble
- Carbon
- Halogen
- Other
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By Application
- Manufacturing
- Electronics
- Healthcare
- Institutional
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
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Table of Content
Chapter 1: Global Specialty Gas Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Specialty Gas market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Specialty Gas Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Specialty Gas market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Specialty Gas market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Specialty Gas market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Specialty Gas market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Specialty Gas business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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