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The global specialty gases market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 7.3% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
Specialty gases refer to various industrial gases that are rare or highly purified. They include noble gases, such as argon, helium, xenon and krypton; carbon gases, such as carbon dioxide, carbon monoxide and methane; halogen gases, such as chlorine and fluorine, along with oxygen and nitrogen. These gases are commonly used as support gases for liquid and gas chromatography, in Fourier Transform Infrared (FTIR) and non-dispersive infrared (NDIR) techniques through analyzers, detectors, mass spectrometers and chromatographs. They find extensive applications across various industries, including manufacturing, healthcare, electronics, research and analytics, aerospace, etc.
Rapid industrialization across the globe is one of the key factors driving the growth of the market. Specialty gases are commonly used in the chemical industry for eliminating or minimizing undesirable properties present in industrial gases and for various refining and processing functions. Furthermore, significant growth in the medical and healthcare sectors is another factor providing a boost to the market growth. For instance, compressed specialty gases are used for device sterilization and for providing contamination- and dust-free air to the patients. Additionally, widespread adoption of solar power systems is acting as another major growth-inducing factor. Silicon photovoltaic (PV) cells are processed using nitrogen, argon, silane, trichlorosilane, phosphoryl chloride and ammonia for enhanced energy-absorption, operational efficiency and cost-effectiveness. Other factors, including the increasing utilization of specialty gases to increase agricultural yield and extensive research and development (R&D) activities, are projected to drive the market further.
Breakup by Type:
Breakup by Element:
Breakup by Application:
Breakup by Packaging Type:
Breakup by Sales Type:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being Advanced Gas Technologies Inc., Advanced Specialty Gases Inc., Air Products and Chemicals Inc., Airgas, DowDuPont, Honeywell International Inc., Kanto Denka Kogyo Co. Ltd., Messer Group, Mitsui Chemicals, Norco, Nova Gas Technologies Inc., Praxair, Showa Denko K.K., Taiyo Nippon Sanso Corporation, The Linde Group, Welsco Inc., etc.
|Base Year of the Analysis||2020|
|Segment Coverage||Type, Element, Application, Packaging Type, Sales Type, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Advanced Gas Technologies Inc., Advanced Specialty Gases Inc., Air Products and Chemicals Inc., Airgas, DowDuPont, Honeywell International Inc., Kanto Denka Kogyo Co. Ltd., Messer Group, Mitsui Chemicals, Norco, Nova Gas Technologies Inc., Praxair, Showa Denko K.K., Taiyo Nippon Sanso Corporation, The Linde Group and Welsco Inc|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
Key Questions Answered in This Report:
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