Specialty Gas Market (By Product: Ultra-high Purity, Noble, Carbon, Halogen, Other Specialty; By Application: Manufacturing, Electronics, Healthcare, Institutional, Other) - Global Industry Analysis, Market Size, Opportunities and Forecast 2020 - 2027

Category : Chemicals and Materials | Published at : April-2021 | Delivery Format : PDF | Status: Published | Pages : 190

The global specialty gas market is expected to grow at a CAGR of around 8.9% from 2020 to 2027 and expected to reach the market value of around US$ 14.2 Bn by 2027.

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.

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 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 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), industrial and medical valve integrated pressure regulators (VIPR), stainless steel specialty gas valve, medical valves, dip tubes, and guards are all part of the GCE cylinder valves product line.

COVID-19 impact on specialty gas market

The COVID-19 has a negative impact on the global specialty gas market in 2020. As a result of the lookdown imposed in various countries, the majority of manufacturing units producing oil and gas were temporarily shut down, resulting in a decrease in demand for various specialty gases. Furthermore, construction projects were halted due to the corona virus pandemic, resulting in lower consumption of welding gases such as hydrogen and argon. According to OICA statistics, global automotive production fell by approximately 23% in the third quarter of 2020 compared to the third quarter of 2019, further reducing demand for specialty gas. The pandemic, on the other hand, has created new opportunities in the healthcare sector due to an increase in demand for high-purity gases such as nitrogen, oxygen, and other specialty gases.

Market Segmentation

The global specialty gas market is segmented based on product and application. The product is segmented as ultra-high purity, noble, carbon, halogen, and other specialty. By application, the market is segmented as manufacturing, electronics, healthcare, institutional, and among others.

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.

In terms of application, 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.

Regional Stance

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 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.

Competitive Landscape

The prominent players involved in the global specialty gas market are Praxair, Inc., Air Products and Chemicals, Inc., and The Messer Group GmbH. Other players involved for the specialty gas market are Linde plc, Air Liquide, Weldstar, MESA Specialty Gases & Equipment., Norco Inc., Taiyo Nippon Sanso Corporation, Showa Denko K. K., and among others           

Market Segmentation

Market By Product

Ultra-high Purity
Other Specialty

Market By Application


Market By Geography

North America
•    U.S.
•    Canada

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

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

Latin America
•    Brazil 
•    Mexico
•    Rest of Latin America

Middle East & Africa
•    GCC
•    South Africa
•    Rest of Middle East & Africa

Frequently Asked Questions

Specialty gas market is expected to reach a market value of around US$ 14.2 Bn by 2027.

The specialty gas market is expected to grow at a CAGR of around 8.9% from 2020 to 2027.

Based on product, carbon segment is the leading segment in the overall market.

Rising demand from electronic and healthcare sector is one of the prominent factors that drive the demand for specialty gas market.

Praxair, Inc., Air Products and Chemicals, Inc., and The Messer Group GmbH. Other players involved for specialty gas market are Linde plc, Air Liquide, Weldstar, MESA Specialty Gases & Equipment., Norco Inc., Taiyo Nippon Sanso Corporation, Showa Denko K. K., and among others

North America is anticipated to grab the highest market share in the regional market

Asia Pacific is expected to be the fastest growing market in the forthcoming years

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