Global Specialty Gases Market

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 News

  • 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.
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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 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. '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.'

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.

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.

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.

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Global Specialty Gases Market

Report ID: SQMIG35A2970

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