According to TechSci Research report, “Specialty Gases Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Specialty Gases Market stood at USD 12.15 billion in 2022 and is anticipated to grow with a CAGR of 5.08% in the forecast period, 2023-2028. The initiatives taken by the government based on specialty gases have led to favorable market conditions for the Global Specialty Gases Market. Several factors contribute to the growth of various specialty gas market products.
The U.S. Environmental Protection Agency (EPA) has established a comprehensive Traceability Protocol for Assay and Certification of gaseous calibration standards. This protocol serves as a meticulous framework that specialty gas producers adhere to when analyzing and certifying gases sold to electrical utilities and state air pollution control agencies. By following this protocol, the EPA ensures the highest level of quality and accuracy of these gases, thereby enhancing their reliability for a wide range of critical applications that rely on precise measurements.In addition to the Traceability Protocol, the U.S. government has taken significant steps in combating climate change by introducing the Methane Emissions Reduction Action Plan. This plan specifically focuses on reducing methane emissions, which are powerful greenhouse gases contributing to global warming. With a strong emphasis on environmental sustainability, the plan aims to mitigate the adverse effects of methane emissions through various strategies and regulations.As a result of this ambitious action plan, the demand for specialty gases used in monitoring and controlling methane emissions is expected to rise. These gases play a crucial role in accurately measuring and managing methane levels, ensuring compliance with emissions regulations, and facilitating effective environmental stewardship.The increased demand for specialty gases underscores the importance of their role in supporting sustainable practices and advancing the global fight against climate change.
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One of the primary driving factors behind the surge in research and development (R&D) activities is the ever-increasing demand for specialty gases across a wide range of industries. These specialized gases play a vital role in sectors such as electronics manufacturing, life sciences, semiconductor production, and many others. With the continuous growth of these industries, there is a corresponding need for tailored specialty gases that meet their specific requirements.This demand has sparked a significant increase in investment in R&D activities, with the aim of developing innovative and highly efficient specialty gases. By focusing on research and development, companies strive to create gases that not only meet the current demands but also anticipate and address future industry needs. The Global Specialty Gases Market is segmented into product type, application, regional distribution, and company. Based on its application, the electronic segment held the largest share of the market.In the electronics industry, a wide range of specialty gases, including nitrogen trifluoride, tungsten hexafluoride, and hydrogen chloride, play a crucial role. These gases find applications in the production of various electronic devices and components, such as semiconductors, display devices, LED panels, and solar panels.Moreover, with the advent of new-age innovations like wearables, connected homes, control systems, and connected industrial systems, the specialty gas market is poised to witness further growth and demand. As these emerging technologies continue to evolve, the utilization of specialty gases will continue to expand, driving the advancements and developments in the electronic industry.Based on region, the Europe segment is expected to grow during the forecast period. The region is strategically prioritizing the expansion of its production capacity to meet the escalating demand from diverse end-use industries. Furthermore, the healthcare and pharmaceutical sectors are witnessing a surge in investments, which is projected to significantly amplify the demand for products within the region. It is noteworthy that in June 2021, the French government unveiled an extensive public funding plan of USD 8.33 billion specifically earmarked for the healthcare sector. The objective of this initiative is to propel advancements in the country’s healthcare system, ensuring enhanced quality and accessibility for its citizens.Major companies operating in the Global Specialty Gases Market are:
- Air Liquide SAAirgas, Inc.Air Products Inc.Linde plcMesser group GmbHMESA International Technologies, Inc.Norco Inc.showa denko k.k.Taiyo Nippon Sanso CorporationWeldstar, Inc
- Product Overview 1.1. Market Definition1.2. Scope of the Market1.2.1. Markets Covered1.2.2. Years Considered for Study1.2.3. Key Market Segmentations
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“Growing application of specialty gases in various end-user industries are key drivers of the specialty gases market. Growth in the competitive landscape and the presence of well-established companies in the market who are dedicated to enhancing their productivity of specialty gases with every passing year are anticipated to register impressive growth in the Global Specialty Gases Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.“Specialty Gases Market By Product Type (High purity, Nobel, Carbon, Halogen, Others), By Application (Manufacturing, Electronics, Healthcare, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Specialty Gases Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Specialty Gases Market. You may also read:Packaging of Liquids Market [2028] – Overview, Trends, & DemandsIndustrial Absorbents Market [2028] – Analysis, Trends, & InsightsTungsten Carbide Market | [2028] Exploring Growth, Potential, and Future, Trends Table of Content-Specialty Gases Market- Research Methodology
2.1. Objective of the Study2.2. Baseline Methodology2.3. Key Industry Partners2.4. Major Association and Secondary Sources2.5. Forecasting Methodology2.6. Data Triangulation & Validation2.7. Assumptions and Limitations
- Executive Summary
3.1. Overview of the Market3.2. Overview of Key Market Segmentations3.3. Overview of Key Market Players3.4. Overview of Key Regions/Countries3.5. Overview of Market Drivers, Challenges, Trends
- Global Specialty Gases Market Outlook
4.1. Market Size & Forecast4.1.1. By Value4.2. Market Share & Forecast4.2.1. By Product Type (High purity, Nobel, Carbon, Halogen, Others)4.2.2. By Application (Manufacturing, Electronics, Healthcare, Others)4.2.3. By Region4.2.4. By Company (2022)4.3. Market Map4.3.1. By Product Type4.3.2. By Application4.3.3. By Region
- Asia Pacific Specialty Gases Market Outlook
5.1. Market Size & Forecast5.1.1. By Value5.2. Market Share & Forecast5.2.1. By Product Type5.2.2. By Application5.2.3. By Country5.3. Asia Pacific: Country Analysis5.3.1. China Specialty Gases Market Outlook5.3.1.1. Market Size & Forecast5.3.1.1.1. By Value5.3.1.2. Market Share & Forecast5.3.1.2.1. By Product Type5.3.1.2.2. By Application5.3.2. India Specialty Gases Market Outlook5.3.2.1. Market Size & Forecast5.3.2.1.1. By Value5.3.2.2. Market Share & Forecast5.3.2.2.1. By Product Type5.3.2.2.2. By Application5.3.3. Australia Specialty Gases Market Outlook5.3.3.1. Market Size & Forecast5.3.3.1.1. By Value5.3.3.2. Market Share & Forecast5.3.3.2.1. By Product Type5.3.3.2.2. By Application5.3.4. Japan Specialty Gases Market Outlook5.3.4.1. Market Size & Forecast5.3.4.1.1. By Value5.3.4.2. Market Share & Forecast5.3.4.2.1. By Product Type5.3.4.2.2. By Application5.3.5. South Korea Specialty Gases Market Outlook5.3.5.1. Market Size & Forecast5.3.5.1.1. By Value5.3.5.2. Market Share & Forecast5.3.5.2.1. By Product Type5.3.5.2.2. By Application
- Europe Specialty Gases Market Outlook
6.1. Market Size & Forecast6.1.1. By Value6.2. Market Share & Forecast6.2.1. By Product Type6.2.2. By Application6.2.3. By Country6.3. Europe: Country Analysis6.3.1. France Specialty Gases Market Outlook6.3.1.1. Market Size & Forecast6.3.1.1.1. By Value6.3.1.2. Market Share & Forecast6.3.1.2.1. By Product Type6.3.1.2.2. By Application6.3.2. Germany Specialty Gases Market Outlook6.3.2.1. Market Size & Forecast6.3.2.1.1. By Value6.3.2.2. Market Share & Forecast6.3.2.2.1. By Product Type6.3.2.2.2. By Application6.3.3. Spain Specialty Gases Market Outlook6.3.3.1. Market Size & Forecast6.3.3.1.1. By Value6.3.3.2. Market Share & Forecast6.3.3.2.1. By Product Type6.3.3.2.2. By Application6.3.4. Italy Specialty Gases Market Outlook6.3.4.1. Market Size & Forecast6.3.4.1.1. By Value6.3.4.2. Market Share & Forecast6.3.4.2.1. By Product Type6.3.4.2.2. By Application6.3.5. United Kingdom Specialty Gases Market Outlook6.3.5.1. Market Size & Forecast6.3.5.1.1. By Value6.3.5.2. Market Share & Forecast6.3.5.2.1. By Product Type6.3.5.2.2. By Application