USD 11.63 Billion
Specialty Gases Market Size, Share, Growth Analysis, By Type (High Purity Gases, Noble Gases), By Packaging Type (Packaged, Bulk and On-site), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35A2970 |
Region:
Global |
Published Date: December, 2024
Pages:
211
|Tables:
117
|Figures:
72
Specialty Gases Market Insights
Specialty Gases Market size was valued at USD 12.57 Billion in 2023 and is poised to grow from USD 13.71 Billion in 2024 to USD 27.53 Billion by 2032, growing at a CAGR of 9.1% during the forecast period (2025-2032).
The global specialty gases market encompasses a wide range of gases, used in various industries for specific applications, which generally require high purity and standardization. The demand for specialty gases is driven by industries such as healthcare, electronics, manufacturing, automotive, aerospace, and more. Each industry has specific needs for various applications of helium, hydrogen, nitrogen, argon, and other gases including gas chromatography, semiconductor manufacturing, laser cutting, medical imaging, and more.
Technological advances provide new applications that require specialty gases. For example, the growing demand for electronic components is increasing the need for specialty gases in semiconductor manufacturing and nanotechnology. Strict environmental protection and workplace safety regulations affect the production, distribution and handling of specialty gases. It is important that manufacturers and distributors comply with regulations such as purity levels, handling, transport and storage. Global trade trends influence the specialty gas market. Companies often operate globally, sourcing raw materials from one region and distributing goods in another. Economic conditions, business policies, taxes and currency fluctuations influence market dynamics.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Electronic
Fastest Growth
Gas & Liquid Mixtures
Growth Rate
9.1% CAGR
Global Specialty Gases Market ($ Bn)
Country Share for North America Region (%)
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Specialty Gases Market Segmental Analysis
Global Specialty Gases Market is segmented by type, packaging type, sales type, element, application and region. Based on type, the market is segmented into high purity gases, noble gases, carbon gases, halogen gases and others. Based on packaging type, the market is segmented into packaged and bulk and on-site. Based on sales type, the market is segmented into captive and merchant. Based on element, the market is segmented into argon, nitrogen, helium, carbon monoxide, methane, oxygen and hydrogen. Based on application, the market is segmented into manufacturing, electronics, healthcare and academics. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by End-Use
The semiconductor segment dominated the market, receiving billions of dollars in investments to meet its growing demand. The semiconductor industry is one of the major consumers of this gas. Gases in the form of nitrogen, argon, hydrogen, and various dopants are required for processes such as chemical vapor deposition (CVD), etching, ion implantation, doping, etc. These processes are an important component of integrated circuits (ICs) and other semiconductor devices. Semiconductor manufacturing requires very high purity air to prevent contamination and ensure precise monitoring of waste and chemicals. Primary air suppliers invest in cleanup technologies materials and analytical techniques to achieve the required levels of purity, making them unnecessary in semiconductor manufacturing.
The petroleum & chemical segment is expected to generate demand for specialty gases in a significant way due to increasing use while being used in fertilizer, fuel and heating. Various blends of carbon gas and hydrocarbon are used in this application. Since the last decade, the petrochemical industry has experienced long-term growth and has grown at a CAGR of about 10%. The healthcare industry consumes specialty air in a clean form for various analytical and quality applications. In addition to the above applications, these gases are used in other industrial applications such as food, beverage, automotive, automotive, aircraft, and steel production.
Analysis by Type
The electronic gas segment dominated the specialty gas market and is poised to maintain its dominance over the forecast period. Gases such as ammonia, silane, sulfur hexafluoride, hydrogen bromide, and hydrogen chloride are some of the most widely used electronic gases in the applications.
The gas & liquid mixtures segment is estimated to hold the largest share in the global market. These gases are generally classified as binary mixtures and multicomponent mixtures using various gases with heterogeneous molecules. These gases are used especially in measurement and testing, laser and light applications. Air purifiers handle a variety of gases including acetylene, argon, carbon dioxide, helium, hydrogen, nitrogen, and oxygen. Due to its high purity characteristics, it is in demand in various industries such as petrochemicals, pharmaceuticals, research and development, laser and metallurgy.
Global Specialty Gases Market By Type (%)
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Specialty Gases Market Regional Insights
North America is one of the largest producers of oil & gas, chemicals and semiconductors, which has become a major consumer of these gases. It is also home to gas giants such as Air Products and Merck. The tremendous growth in the semiconductor and healthcare sectors of this region is poised to fuel the demand for such gases during the forecast period.
Asia Pacific accounted for the largest market share. Asia Pacific is a major manufacturing hub for semiconductors and pharmaceuticals and has become a major consumer of primary gas. The region is primarily fueled by rapidly growing countries such as China, India and Singapore. These countries are attracting huge investments in technologies such as semiconductors, pharmaceuticals and healthcare, offering more opportunities for market players.
Global Specialty Gases Market By Geography
- Largest
- Fastest
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Specialty Gases Market Dynamics
Drivers
Increasing Demand for Petrochemicals
- Advances in processing technologies and increasing demand for petrochemicals are projected to contribute to the growth of the specialty gas market during the period analyzed. Petrochemical products are used in a variety of industries, including textiles, digital devices, detergents, pharmaceuticals, medical devices, packaging, plastics and tires in addition to many modern systems such as for batteries, electric car parts and solar panels. With such extensive use, today’s petrochemical feedstock consumes about 12% of global oil demand, and by 2030 the coal, plastics and rubber industries will account for more than a third of global oil demand one of the. This gas is used for efficiencies in the petrochemical industry, improving yields and reducing costs.
Increasing Demand from Electronics Industry
- One of the most important drivers of the global specialty gases market is the increasing demand from electronics. Gases primarily play an important role in the semiconductor industry, with etching, deposition and doping. The growing demand for electronic devices such as smartphones, tablets, IoT (Internet of Things) leads to a corresponding rise in the demand for primary air consumption in the semiconductor industry Furthermore, emerging technologies such as 5G, artificial intelligence (AI), and automotive electronics of high -purity gases, furthering demand.
Restraints
Quality Requirements and Numerous Challenges Associated with Primary Air Act as Inhibitors
- Depending on the nature of the air, in many cases it is designed for specific products and specific customers. Compared to industrial and medical gasification, it takes more effort and money. Because of its shape, it is not one of those shelf items that can be ordered whenever the customer needs it. Sometimes it takes several weeks to develop the right special air mixture for a required application.
Stricter Environmental Regulations
- A prominent mandate in the global specialty gases market is the impact of stringent environmental regulations. Specialty gases, especially fluorinated gases such as perfluorocarbons (PFCs) and sulfur hexafluoride (SF6), are potent greenhouse gases with the potential to cause significant global warming so to reduce their impact on the environment. Compliance with environmental regulations requires significant investments in emission reduction technologies, new gas production technologies, and sustainable construction practices, which can create jobs costs have increased for primary gas producers and end users.
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Specialty Gases Market Competitive Landscape
The competitive environment of the Global Specialty Gases Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. The global specialty gas market follows a competitive environment with the presence of multinational companies, local players and niche specialty gas suppliers.
Top Player’s Company Profiles
- Air Products and Chemicals, Inc.
- Air Liquide
- Linde plc
- Taiyo Nippon Sanso Corporation
- MESA Specialty Gases & Equipment
- Weldstar
- Norco Inc.
- Coregas
- Showa Denko K.K.
- Nippon Sanso Holdings Corporation
- Samatorgas
- Yingde Gases
- DuPont de Nemours Inc.
- Honeywell International Inc.
- Kanto Denka Kogyo Co. Ltd.
- Advanced Specialty Gases Inc.
- Advanced Gas Technologies Inc.
Recent Developments
- In June 2023, Linde acquired three air separation units (ASUs) from Wanhua, of which two internal ASUs are currently under construction and scheduled to be launched in 2024 and 2025. This will enable Linde to strengthen its position in the Chinese market.
- In April 2023, Air Liquide India acquired EffecTech, an Indian company specializing in calibration and testing services. This will allow Air Liquide to equally extend its offering to existing and new customers.
- In January 2023, Taiyo Nippon Sanso Corporation announced the establishment of a special gas manufacturing facility and facility in Kumamoto, Japan to enhance its special gas transportation activities in the Kyushu region During the forecast period. Europe is expected to grow at a CAGR of 7.9 %. The department is focused on increasing its production capacity to meet the growing demand from various end-user industries.
Specialty Gases Key Market Trends
Increasing Usage of High-performance Computing
- As we move into the 5G era, it will enable new applications such as augmented reality, edge computing and the Internet of Things. To establish this technology, we need new high-performance semiconductors that can accelerate data transfer while providing better communication between devices. High-performance computing has been in high demand in recent years due to its increasing use across industries for real-time insights and solving complex problems e.g. Like as complex systems would require, HPC is used in cancer research, genome sequencing, and molecular modeling in the health and life sciences industries.
Specialty Gases Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Rapid industrialization and urbanization in emerging economies are driving demand for specialty gases especially in industries such as manufacturing, healthcare, electronics and automobiles. Technological advances in industries such as semiconductor manufacturing, healthcare research, environmental monitoring etc. require specialty gases with specific characteristics to drive the growth of the market. Stringent regulatory standards for environmental protection, workplace safety, and manufacturing efficiencies drive greater demand for cleaner primary air, especially in industries such as healthcare and electronics manufacturing. The high costs associated with the production, treatment and distribution of specialty gases can act as a deterrent, especially for small and medium-sized enterprises operating in low-cost industries. Supply chain disruptions including transportation difficulties, geopolitical pressures and natural disasters can affect the availability of specialty gases and increase operational risks for end users.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 12.57 Billion |
| Market size value in 2032 | USD 27.53 Billion |
| Growth Rate | 9.1% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Specialty Gases Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Specialty Gases Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Specialty Gases Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Specialty Gases Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Specialty Gases Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Specialty Gases Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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