Specialty Gas Market size was valued at US$ 10.69 Bn in 2023 and the total revenue is expected to grow at 8.2% through 2024 to 2030, reaching nearly US$ 18.55 Bn. The global Specialty Gas market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Specialty Gas report also provides trends by market segments, technology, and investment with a competitive landscape.To know about the Research Methodology :- Request Free Sample Report
Specialty Gas Market Overview:
Specialty gases are helping industries to lower costs, improve yields, and optimize performance. Growing product demand from various industries including manufacturing, electronics, and healthcare as well as automotive manufacturing applications are driving the global specialty gas market growth.Specialty Gas Market Dynamics:
Rising demand for specialty gas healthcare and electronics end-use industries have a significant share in the total market. Improving economic conditions enhance the demand for electronic goods which in turn drive the global specialty gas market demand. Specialty gases are utilized in the electronic industry to manufacture products like integrated circuits (IC) and silicon wafers and developed flat panel display products and compound semiconductors. Because of the growing demand for complex semiconductors, the wet processes are displaced by gas-phase engraving and cleaning which fostering the use of specialty gases. Development in the automotive, healthcare and electronics industries is expected to drive the market demand during the forecast period 2024-2030 Structural and regulatory restrictions act as a restraining factor for the specialty gas industry growth but innovation and technological developments in the manufacture of specialty gases are expected to give lucrative opportunities for market growth. Strict government regulations, like the clean air act coupled with the availability of low-cost alternatives, are expected to challenge market growth.Segment Analysis:
By Type, the specialty gas market is segmented into High Purity, Noble, Carbon, Halogen, & Others. The carbon segment held a major market share of more than 24% in terms of revenue in 2023 and is expected to grow at a rapid pace during the forecast period, thanks to rising demand from various industries including manufacturing, electronics, healthcare, and chemicals. Also, increasing application scope for analytical purposes and instrument calibration is further driving the segment demand in the specialty gas market. Growing demand for noble gas from manufacturing and electronics industries is expected to fuel the specialty gas industry growth during the forecast period. The high purity gas segment is expected to witness significant growth in the specialty as an industry during the forecast period. Because of rising applications of the segment for manufacturing semiconductors, in laser technology, displays, photovoltaic products, welding and cutting, analytical instruments, stabilizing chemical processes, creating amplified light for hardening and marking, etc. this, in turn, drive the segment demand in the market. By Application, the market is segmented into Manufacturing, Electronics, Healthcare, Academics, & Others.Regional Insights:
Asia Pacific Dominate the Global Specialty Gas Market Asia Pacific is expected to be the leading region of the specialty gas market with more than 24.4% revenue share in 2019 thanks to the presence of various end-use industries including healthcare, manufacturing, pharmaceutical, etc. Growing huge investments in developing custom blending techniques and implementation of new technologies for the manufacturing process, equipment, and packaging in the region is expected to increase the specialty gas products demand. Europe is expected to dominate the Second-Largest Global Aromatherapy Market Rising demand for specialty gas in Europe is enhancing the industry growth thanks to the high rate of facility establishment, technological advancement in packaging, rising per capita disposable income, and increased standard of living. Supportive government regulations and investments in the production of specialty gas are expected to drive market growth in this region. The objective of the report is to present a comprehensive analysis of the Global Specialty Gas market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. Porter, svor, pestel analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Specialty Gas market dynamics, structure by analyzing the market segments and project the Global Specialty Gas market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Specialty Gas market make the report investor’s guide.Global Specialty Gas Market Scope: Inquire before buying
Specialty Gas Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 10.69 Bn. Forecast Period 2024 to 2030 CAGR: 8.2% Market Size in 2030: US $ 18.55 Bn. Segments Covered: by Type High Purity Noble Carbon Halogen Others by Application Manufacturing Electronics Healthcare Academics Others Specialty Gas Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)Key Players are:
1.The Linde Group 2.Air Liquide 3.Southern Industrial Gas Sdn Bhd 4.Air Products and Chemicals Inc. 5.Praxair Technology, Inc. 6.Showa Denko K.K. 7.Weldstar, Inc. 8.Mesa Specialty Gases & Equipment 9.Messer Group Gmbh 10.Mitsui Chemicals Inc. 11.Norco Inc. 12.Taiyo Nippon Sanso Corporation 13.Others Frequently Asked questions 1. What is the market size of the Global Specialty Gas Market in 2023? Ans. The market size Global Market in 2023 was US$ 10.69 Billion. 2. What are the different segments of the Global Specialty Gas Market? Ans. The Global Market is divided into Application and Type. 3. What is the study period of this market? Ans. The Global Market will be studied from 2023 to 2030. 4. Which region is expected to hold the highest Global Specialty Gas Market share? Ans. The Asia Pacific dominates the market share in the market. 5. What is the Forecast Period of Global Specialty Gas Market? Ans. The Forecast Period of the market is 2024-2030 in the market.
1. Specialty Gas Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Specialty Gas Market: Dynamics 2.1. Specialty Gas Market Trends by Region 2.1.1. North America Specialty Gas Market Trends 2.1.2. Europe Specialty Gas Market Trends 2.1.3. Asia Pacific Specialty Gas Market Trends 2.1.4. Middle East and Africa Specialty Gas Market Trends 2.1.5. South America Specialty Gas Market Trends 2.2. Specialty Gas Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Specialty Gas Market Drivers 2.2.1.2. North America Specialty Gas Market Restraints 2.2.1.3. North America Specialty Gas Market Opportunities 2.2.1.4. North America Specialty Gas Market Challenges 2.2.2. Europe 2.2.2.1. Europe Specialty Gas Market Drivers 2.2.2.2. Europe Specialty Gas Market Restraints 2.2.2.3. Europe Specialty Gas Market Opportunities 2.2.2.4. Europe Specialty Gas Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Specialty Gas Market Drivers 2.2.3.2. Asia Pacific Specialty Gas Market Restraints 2.2.3.3. Asia Pacific Specialty Gas Market Opportunities 2.2.3.4. Asia Pacific Specialty Gas Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Specialty Gas Market Drivers 2.2.4.2. Middle East and Africa Specialty Gas Market Restraints 2.2.4.3. Middle East and Africa Specialty Gas Market Opportunities 2.2.4.4. Middle East and Africa Specialty Gas Market Challenges 2.2.5. South America 2.2.5.1. South America Specialty Gas Market Drivers 2.2.5.2. South America Specialty Gas Market Restraints 2.2.5.3. South America Specialty Gas Market Opportunities 2.2.5.4. South America Specialty Gas Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Specialty Gas Industry 2.8. Analysis of Government Schemes and Initiatives For Specialty Gas Industry 2.9. Specialty Gas Market Trade Analysis 2.10. The Global Pandemic Impact on Specialty Gas Market 3. Specialty Gas Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2023-2030 3.1. Specialty Gas Market Size and Forecast, by Type (2023-2030) 3.1.1. High Purity 3.1.2. Noble 3.1.3. Carbon 3.1.4. Halogen 3.1.5. Others 3.2. Specialty Gas Market Size and Forecast, by Application (2023-2030) 3.2.1. Manufacturing 3.2.2. Electronics 3.2.3. Healthcare 3.2.4. Academics 3.2.5. Others 3.3. Specialty Gas Market Size and Forecast, by Region (2023-2030) 3.3.1. North America 3.3.2. Europe 3.3.3. Asia Pacific 3.3.4. Middle East and Africa 3.3.5. South America 4. North America Specialty Gas Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 4.1. North America Specialty Gas Market Size and Forecast, by Type (2023-2030) 4.1.1. High Purity 4.1.2. Noble 4.1.3. Carbon 4.1.4. Halogen 4.1.5. Others 4.2. North America Specialty Gas Market Size and Forecast, by Application (2023-2030) 4.2.1. Manufacturing 4.2.2. Electronics 4.2.3. Healthcare 4.2.4. Academics 4.2.5. Others 4.3. North America Specialty Gas Market Size and Forecast, by Country (2023-2030) 4.3.1. United States 4.3.1.1. United States Specialty Gas Market Size and Forecast, by Type (2023-2030) 4.3.1.1.1. High Purity 4.3.1.1.2. Noble 4.3.1.1.3. Carbon 4.3.1.1.4. Halogen 4.3.1.1.5. Others 4.3.1.2. United States Specialty Gas Market Size and Forecast, by Application (2023-2030) 4.3.1.2.1. Manufacturing 4.3.1.2.2. Electronics 4.3.1.2.3. Healthcare 4.3.1.2.4. Academics 4.3.1.2.5. Others 4.3.2. Canada 4.3.2.1. Canada Specialty Gas Market Size and Forecast, by Type (2023-2030) 4.3.2.1.1. High Purity 4.3.2.1.2. Noble 4.3.2.1.3. Carbon 4.3.2.1.4. Halogen 4.3.2.1.5. Others 4.3.2.2. Canada Specialty Gas Market Size and Forecast, by Application (2023-2030) 4.3.2.2.1. Manufacturing 4.3.2.2.2. Electronics 4.3.2.2.3. Healthcare 4.3.2.2.4. Academics 4.3.2.2.5. Others 4.3.3. Mexico 4.3.3.1. Mexico Specialty Gas Market Size and Forecast, by Type (2023-2030) 4.3.3.1.1. High Purity 4.3.3.1.2. Noble 4.3.3.1.3. Carbon 4.3.3.1.4. Halogen 4.3.3.1.5. Others 4.3.3.2. Mexico Specialty Gas Market Size and Forecast, by Application (2023-2030) 4.3.3.2.1. Manufacturing 4.3.3.2.2. Electronics 4.3.3.2.3. Healthcare 4.3.3.2.4. Academics 4.3.3.2.5. Others 5. Europe Specialty Gas Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 5.1. Europe Specialty Gas Market Size and Forecast, by Type (2023-2030) 5.2. Europe Specialty Gas Market Size and Forecast, by Application (2023-2030) 5.3. Europe Specialty Gas Market Size and Forecast, by Country (2023-2030) 5.3.1. United Kingdom 5.3.1.1. United Kingdom Specialty Gas Market Size and Forecast, by Type (2023-2030) 5.3.1.2. United Kingdom Specialty Gas Market Size and Forecast, by Application (2023-2030) 5.3.2. France 5.3.2.1. France Specialty Gas Market Size and Forecast, by Type (2023-2030) 5.3.2.2. France Specialty Gas Market Size and Forecast, by Application (2023-2030) 5.3.3. Germany 5.3.3.1. Germany Specialty Gas Market Size and Forecast, by Type (2023-2030) 5.3.3.2. Germany Specialty Gas Market Size and Forecast, by Application (2023-2030) 5.3.4. Italy 5.3.4.1. Italy Specialty Gas Market Size and Forecast, by Type (2023-2030) 5.3.4.2. Italy Specialty Gas Market Size and Forecast, by Application (2023-2030) 5.3.5. Spain 5.3.5.1. Spain Specialty Gas Market Size and Forecast, by Type (2023-2030) 5.3.5.2. Spain Specialty Gas Market Size and Forecast, by Application (2023-2030) 5.3.6. Sweden 5.3.6.1. Sweden Specialty Gas Market Size and Forecast, by Type (2023-2030) 5.3.6.2. Sweden Specialty Gas Market Size and Forecast, by Application (2023-2030) 5.3.7. Austria 5.3.7.1. Austria Specialty Gas Market Size and Forecast, by Type (2023-2030) 5.3.7.2. Austria Specialty Gas Market Size and Forecast, by Application (2023-2030) 5.3.8. Rest of Europe 5.3.8.1. Rest of Europe Specialty Gas Market Size and Forecast, by Type (2023-2030) 5.3.8.2. Rest of Europe Specialty Gas Market Size and Forecast, by Application (2023-2030) 6. Asia Pacific Specialty Gas Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 6.1. Asia Pacific Specialty Gas Market Size and Forecast, by Type (2023-2030) 6.2. Asia Pacific Specialty Gas Market Size and Forecast, by Application (2023-2030) 6.3. Asia Pacific Specialty Gas Market Size and Forecast, by Country (2023-2030) 6.3.1. China 6.3.1.1. China Specialty Gas Market Size and Forecast, by Type (2023-2030) 6.3.1.2. China Specialty Gas Market Size and Forecast, by Application (2023-2030) 6.3.2. S Korea 6.3.2.1. S Korea Specialty Gas Market Size and Forecast, by Type (2023-2030) 6.3.2.2. S Korea Specialty Gas Market Size and Forecast, by Application (2023-2030) 6.3.3. Japan 6.3.3.1. Japan Specialty Gas Market Size and Forecast, by Type (2023-2030) 6.3.3.2. Japan Specialty Gas Market Size and Forecast, by Application (2023-2030) 6.3.4. India 6.3.4.1. India Specialty Gas Market Size and Forecast, by Type (2023-2030) 6.3.4.2. India Specialty Gas Market Size and Forecast, by Application (2023-2030) 6.3.5. Australia 6.3.5.1. Australia Specialty Gas Market Size and Forecast, by Type (2023-2030) 6.3.5.2. Australia Specialty Gas Market Size and Forecast, by Application (2023-2030) 6.3.6. Indonesia 6.3.6.1. Indonesia Specialty Gas Market Size and Forecast, by Type (2023-2030) 6.3.6.2. Indonesia Specialty Gas Market Size and Forecast, by Application (2023-2030) 6.3.7. Malaysia 6.3.7.1. Malaysia Specialty Gas Market Size and Forecast, by Type (2023-2030) 6.3.7.2. Malaysia Specialty Gas Market Size and Forecast, by Application (2023-2030) 6.3.8. Vietnam 6.3.8.1. Vietnam Specialty Gas Market Size and Forecast, by Type (2023-2030) 6.3.8.2. Vietnam Specialty Gas Market Size and Forecast, by Application (2023-2030) 6.3.9. Taiwan 6.3.9.1. Taiwan Specialty Gas Market Size and Forecast, by Type (2023-2030) 6.3.9.2. Taiwan Specialty Gas Market Size and Forecast, by Application (2023-2030) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Specialty Gas Market Size and Forecast, by Type (2023-2030) 6.3.10.2. Rest of Asia Pacific Specialty Gas Market Size and Forecast, by Application (2023-2030) 7. Middle East and Africa Specialty Gas Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 7.1. Middle East and Africa Specialty Gas Market Size and Forecast, by Type (2023-2030) 7.2. Middle East and Africa Specialty Gas Market Size and Forecast, by Application (2023-2030) 7.3. Middle East and Africa Specialty Gas Market Size and Forecast, by Country (2023-2030) 7.3.1. South Africa 7.3.1.1. South Africa Specialty Gas Market Size and Forecast, by Type (2023-2030) 7.3.1.2. South Africa Specialty Gas Market Size and Forecast, by Application (2023-2030) 7.3.2. GCC 7.3.2.1. GCC Specialty Gas Market Size and Forecast, by Type (2023-2030) 7.3.2.2. GCC Specialty Gas Market Size and Forecast, by Application (2023-2030) 7.3.3. Nigeria 7.3.3.1. Nigeria Specialty Gas Market Size and Forecast, by Type (2023-2030) 7.3.3.2. Nigeria Specialty Gas Market Size and Forecast, by Application (2023-2030) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Specialty Gas Market Size and Forecast, by Type (2023-2030) 7.3.4.2. Rest of ME&A Specialty Gas Market Size and Forecast, by Application (2023-2030) 8. South America Specialty Gas Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 8.1. South America Specialty Gas Market Size and Forecast, by Type (2023-2030) 8.2. South America Specialty Gas Market Size and Forecast, by Application (2023-2030) 8.3. South America Specialty Gas Market Size and Forecast, by Country (2023-2030) 8.3.1. Brazil 8.3.1.1. Brazil Specialty Gas Market Size and Forecast, by Type (2023-2030) 8.3.1.2. Brazil Specialty Gas Market Size and Forecast, by Application (2023-2030) 8.3.2. Argentina 8.3.2.1. Argentina Specialty Gas Market Size and Forecast, by Type (2023-2030) 8.3.2.2. Argentina Specialty Gas Market Size and Forecast, by Application (2023-2030) 8.3.3. Rest Of South America 8.3.3.1. Rest Of South America Specialty Gas Market Size and Forecast, by Type (2023-2030) 8.3.3.2. Rest Of South America Specialty Gas Market Size and Forecast, by Application (2023-2030) 9. Global Specialty Gas Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2023) 9.3.5. Company Locations 9.4. Leading Specialty Gas Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. The Linde Group 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Air Liquide 10.3. Southern Industrial Gas Sdn Bhd 10.4. Air Products and Chemicals Inc. 10.5. Praxair Technology, Inc. 10.6. Showa Denko K.K. 10.7. Weldstar, Inc. 10.8. Mesa Specialty Gases & Equipment 10.9. Messer Group Gmbh 10.10. Mitsui Chemicals Inc. 10.11. Norco Inc. 10.12. Taiyo Nippon Sanso Corporation 10.13. Others 11. Key Findings 12. Industry Recommendations 13. Specialty Gas Market: Research Methodology 14. Terms and Glossary