Market Overview 2022-2027:

The global specialty gases market size reached US$ 9.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 15.1 Billion by 2027, exhibiting a growth rate (CAGR) of 7.51% during 2022-2027. 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.

Specialty Gases Market Trends:

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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global specialty gases market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, element, application, packaging type and sales type.

Breakup by Type:

• High Purity Gases
• Noble Gases
• Carbon Gases
• Halogen Gases
• Others
   

Breakup by Element:

• Argon
• Nitrogen
• Helium
• Carbon Monoxide
• Methane
• Oxygen
• Hydrogen
• Others
   

Breakup by Application:

• Manufacturing
• Electronics
• Healthcare
• Academics
• Others
   

Breakup by Packaging Type:

• Packaged
• Bulk and On-site
   

Breakup by Sales Type:

• Captive
• Merchant

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

Competitive Landscape:

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, DuPont de Nemours Inc., 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., etc.

Report Coverage:

Key Questions Answered in This Report:

• How has the global specialty gases market performed so far and how will it perform in the coming years?
• What are the key regional markets?
• What has been the impact of COVID-19 on the global specialty gases market?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the element?
• What is the breakup of the market based on the application?
• What is the breakup of the market based on the packaging type?
• What is the breakup of the market based on the sales type?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global specialty gases market and who are the key players?
• What is the degree of competition in the industry?