Home Services Industry Services Press Releases About Us Blogs Report Store Contact us

Specialty Gas Market | Acumen Research and Consulting

Specialty Gas Market Size - Global Industry, Share, Analysis, Trends and Forecast 2022 – 2030

Published : Sep 2022

Report ID: ARC2564

Pages : 250

Format : Specialty Gas Market Size - Global Industry, Share, Analysis, Trends and Forecast 2022 – 2030

Summary Table of Content Customization Download Sample Infographics

The Global Specialty Gas Market Size accounted for USD 9.7 Billion in 2021 and is estimated to garner a market size of USD 20.7 Billion by 2030 rising at a CAGR of 8.9% from 2022 to 2030. High demand for specialty gases from end-use industries drives the specialty gas market value. In addition, big calls from MRI application are a popular specialty gas market trend that is expected to boost the industry share during the forthcoming years from 2022 to 2030.

Global specialty gas market revenue is estimated to reach USD 20.7 Billion by 2030 with a CAGR of 8.9% from 2022 to 2030

Specialty Gas Market Report Key Highlights

  • Global specialty gas market revenue is estimated to reach USD 20.7 Billion by 2030 with a CAGR of 8.9% from 2022 to 2030
  • North America specialty gas market share accounted for over 32% regional shares in 2021
  • According to recent statistics, specialty gas demand in the United States is growing at a rate of 3.5% per year
  • Asia-Pacific specialty gas market growth will register fastest CAGR from 2022 to 2030
  • Based on product, carbon gases accounted for approx 26% of the overall market share in 2021
  • Increased healthcare sector demand propels the global specialty gases market value

Calibration gases, zero gases, and bump test gases are examples of specialty gases. They can be pure gases or gas mixtures containing components at concentrations ranging from percent to part per billion and, in some cases, part per trillion. Furthermore, specialty gases are used in analytical methods such as gas and liquid chromatography, Fourier transform infrared (FTIR), and non-dispersive infrared (NDIR). With specialty gases, proper specialty equipment, including dedicated pressure regulators and distribution systems, is always used to ensure the quality grade of the gas without compromising contact with substandard components. The higher the quality grades of the gas, the higher the quality of the equipment.

Global Specialty Gas Market Dynamics

Market Drivers

  • Rising demand for photovoltaic products
  • Growing application for specialty gas from electronics industry
  • Rapidly growing healthcare sector

Market Restraints

  • Strict government regulations
  • Advent of COVID-19 pandemic

Market Opportunities

  • Increased demand from semiconductor industry
  • Development of innovative environmental friendly technologies

Specialty Gas Market Report Coverage

Market Specialty Gas Market
Specialty Gas Market Size 2021 USD 9.7 Billion
Specialty Gas Market Forecast 2030 USD 20.7 Billion
Specialty Gas Market CAGR During 2022 - 2030 8.9%
Specialty Gas Market Analysis Period 2018 - 2030
Specialty Gas Market Base Year 2021
Specialty Gas Market Forecast Data 2022 - 2030
Segments Covered By Product, By Application, And By Geography
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled Praxair, Inc., Air Products and Chemicals, Inc., The Messer Group GmbH, Cambridge Isotope Laboratories Inc., Linde plc, Air Liquide, Weldstar, MESA Specialty Gases & Equipment., Norco Inc., Taiyo Nippon Sanso Corporation, Showa Denko K. K., and Novo Gas Technologies.
Report Coverage
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

Specialty Gas Market Dynamics

Wide applications of specialty gases in electronic industry foster the growth of the global market

In the electronic industry, specialty gases account for the largest share of semiconductor manufacturers' chemical and material spending. Specialty gases are used in the electronic industry for the fabrication of electronic devices, which are then assembled in systems and a variety of processes such as film deposition, film etching, substrate doping, and chamber cleaning. The devices-semiconductors, LEDs, and ad displays-are processed on a large substrate before being separated and assembled. One of the most important factors influencing the utility of specialty gases in the electronic industry is the purity and consistency demands placed on the gas supply, rather than the complexity of the gases and mixtures supplied. Product purity and consistency, which are frequently at the limits of analytical capability, must be combined with strict application of statistical process control in manufacturing and absolute delivery reliability. Fluorocarbons, hydrocarbons, deposition precursors, dopants, corrosives (halides/hydrates), and rare gas mixtures are examples of specialty gases used in the electronics industry.

Specialty Gas Market Growth 2022 - 2030

Specialty gas in healthcare industry is gaining high attention in the global market

The importance of gas in medical processes and systems cannot be underestimated. Medical gases and specialty gas mixtures are used in a variety of medical procedures such as patient care, pathology, and research. Furthermore, businesses are heavily involved in the provision of specialty gases in the healthcare sector. GCE, for example, has been a pioneer in gas control equipment for more than 100 years, with headquarters in Sweden and manufacturing facilities around the world. Aside from that, the GCE Druva product line focuses on high-purity and specialty gases used in manufacturing processes. Analytical laboratories, semiconductors, automobiles, petrochemicals, and other high-tech industries are among the products. Standard valves, residual pressure valves (RPV), the industrial and medical valve integrated pressure regulators (VIPR), stainless steel specialty gas valves, medical valves, dip tubes, and guards are all part of the GCE cylinder valves product line.

Specialty Gas Market Segmentation

The worldwide specialty gas market is split based on product, application, and geography.

Specialty Gas Market By Product

  • Ultra-High Purity
  • Noble
  • Carbon
  • Halogen
  • Other Specialty

Based on product, carbon gases accounted for approx 26% of the overall market share in 2021

According to our specialty gas industry analysis, the carbon gas segment is expected to have a significant market share during the forecast period. This is due to an increase in demand from various end-user industries, including manufacturing, electronics, healthcare, and chemicals. In addition, broad applications for analytical purposes and instrument calibration have grown in importance in the global market. The manufacturing and electronics industries are expected to drive up demand for noble gases.

Specialty Gas Market By Application

  • Manufacturing
  • Electronics
  • Healthcare
  • Institutional
  • Others

North America specialty gas market share accounted for over 32% regional shares in 2021

As per our specialty gas market forecast, the healthcare industry will be the most important segment of the specialty market in the coming years. Rising demand for specialty gases in the healthcare sector, owing to increased applicability in medical applications, is propelling industry growth globally.

Specialty Gas Market Regional Outlook

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Latin America

  • Mexico
  • Brazil
  • Rest of Latin America

Asia-Pacific

  • India
  • Japan
  • China
  • Australia
  • South Korea
  • Rest of Asia-Pacific

The Middle East & Africa (MEA)

  • Gulf Cooperation Council (GCC)
  • South Africa
  • Rest of the Middle East & Africa

Specialty Gas Market Regional Analysis

Currently, North America is the largest market, accounting for the majority of the global specialty gas market. Because the region has a large infrastructure facility for installation as well as production capacities for specialty gases, it boosts the growth of the regional market. But apart from that, Asia Pacific will be the fastest growing regional specialty gas market. As the manufacturing and electronic industries expand at a faster rate in the Asia Pacific region, demand for specialty gases increases. The presence of major players in this region also promotes the growth of the global specialty gas market. Due to the rising demand for bulk and electronic specialty gases in the Asia Pacific region, China is the largest market for specialty gases in the region. Because of the increased preference for the healthcare sector and applications in food and beverages, electronics, and pharmaceuticals, high-purity gas production is being carried out on a larger scale in this region. Furthermore, the global market has expanded significantly in recent years, owing primarily to rising demand in the Asia-Pacific region. The global market is expected to expand significantly in the coming years, owing to the expanding healthcare sector and increased demand for photovoltaic cells and plasma display panels.

Europe, on the other hand, is positively influencing market growth as a result of a high rate of facility establishment, technological advancement in packaging, high disposable incomes, and an improved standard of living. Furthermore, supportive government investment in specialty gas production is one of the major factors contributing to the growth of the global specialty gas market.

Specialty Gas Market Players

The global specialty gas companies profiled in the report include Air Liquide, Air Products and Chemicals, Inc., Cambridge Isotope Laboratories Inc., Linde plc, MESA Specialty Gases & Equipment., Norco Inc., Novo Gas Technologies, Praxair, Inc., The Messer Group GmbH, Taiyo Nippon Sanso Corporation, Showa Denko K. K., and Weldstar.Asia-Pacific specialty gas market growth will register fastest CAGR from 2022 to 2030

Frequently Asked Questions

What is the size of global specialty gas market in 2021?

The market size of specialty gas market in 2021 was accounted to be USD 9.7 Billion.

What is the CAGR of global specialty gas market during forecast period of 2022 to 2030?

The projected CAGR of specialty gas market during the analysis period of 2022 to 2030 is 8.9%.

Which are the key players operating in the market?

The prominent players of the global specialty gas market are Air Liquide, Air Products and Chemicals, Inc., Cambridge Isotope Laboratories Inc., Linde plc, MESA Specialty Gases & Equipment., Norco Inc., Novo Gas Technologies, Praxair, Inc., The Messer Group GmbH, Taiyo Nippon Sanso Corporation, Showa Denko K. K., and Weldstar.

Which region held the dominating position in the global specialty gas market?

North America held the dominating specialty gas during the analysis period of 2022 to 2030.

Which region registered the fastest growing CAGR for the forecast period of 2022 to 2030?

Asia-Pacific region exhibited fastest growing CAGR for specialty gas s during the analysis period of 2022 to 2030.

What are the current trends and dynamics in the global specialty gas market?

Rising demand for photovoltaic products, growing application of specialty gas from electronics industry, and rapidly growing healthcare sector drives the growth of global specialty gas market.

Which product held the maximum share in 2021?

Based on product, carbon segment is expected to hold the maximum share specialty gas market.

Select Licence Type

Single User

US$ 4500

Multi User

US$ 7000

Excel Datapack

US$ 2000

Why Acumen Research And Consulting

100%

Customer Satisfaction

24x7

Availability - we are always there when you need us

200+

Fortune 50 Companies trust Acumen Research and Consulting

80%

of our reports are exclusive and first in the industry

100%

more data and analysis

1000+

reports published till date