Specialty gas is a category of industrial gases that are having the highest purity level i.e., around 99.9%. They are used in various industries like electronics, healthcare, manufacturing, academics, and analytical, among others, for specialized applications, and thus they are termed as specialty gases. Different types of specialty gases such as high purity gases, noble gases, carbon gases, halogen gases, and other specialty gases have unique properties, which helps to lower costs, improve yields, and optimize performance in various industrial applications. For instance, Carbon Dioxide, with its low levels of impurities, is ideal for Supercritical Fluid Chromatography. The growing usage of specialty gases in various end-use industries is expected to fuel the growth of the market during the forecast period.
MARKET DYNAMICS
Specialty gas represents the class of rare or ultra-high purity gases. It includes high purity gases like Nitrogen and Oxygen, Noble gases such as Helium, Argon, Xenon, and Krypton. It includes Carbon Gases such as Carbon Dioxide, Carbon Monoxide, Methane, and Halogen gases like Fluorine, Chlorine. These gases are used for specific applications in various industries such as manufacturing, academics, electronics, healthcare, and analytical, among others. Specialty gases are also known as calibration gases, zero gases, carrier gases, span gases, instrumentation gases, and bump test gases due to their primary use in academic (analytical and calibration instruments) usage. They are commonly used in analytical methods such as Fourier transform infrared (FTIR) as well as gas and liquid chromatography, non-dispersive infrared (NDIR), and other analytical methods. They are also used in some instruments such as detectors, chromatographs, spectrometers, and others for supporting their operation. They are also used in analytical laboratories to conduct analysis and quality controls on raw materials, end products, and industrial emissions. They are useful in the detection of the trace and quantity of different components and impurities in products. The continuous use of specialty gases for analytical methods is driving the growth of the market. However, stringent regulations related to the production and application of these gases are restricting the growth of the market. The safe transportation of these gases is still a major challenge for specialty gas manufacturers. Nonetheless, the growing demand for specialty gases from other industries, especially the electronics industry for photovoltaic cells, semiconductor devices, flat panel display, etc. is expected to provide lucrative opportunities for the global specialty gas market.
MARKET SCOPE
The "Global Specialty Gas Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the specialty gas with detailed market segmentation by type, application and geography. The global specialty gas market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading specialty gas market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global specialty gas market is segmented on the basis type and applictaion. On the basis of type the specialty gas market is segmented into high purity gases, carbon gases, noble gases, halogen gases, others. By application the specialty gas market is segmented into electronics, manufacturing, healthcare, academics, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global specialty gas market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The specialty gas market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the specialty gas market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the specialty gas market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global specialty gas market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The specialty gas market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the specialty gas market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the specialty gas market in these regions.
MARKET PLAYERS
The reports cover key developments in the specialty gas market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from specialty gas market are anticipated to lucrative growth opportunities in the future with the rising demand for specialty gas in the global market. Below mentioned is the list of few companies engaged in the specialty gas market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the specialty gas market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- AIR LIQUIDE S.A
- THE LINDE GROUP
- AIR PRODUCTS AND CHEMICALS INC.
- PRAXAIR INC.
- MITSUI CHEMICALS INC.
- MESSER GROUP GMBH
- SHOWA DENKO K.K.
- AIR PRODUCTS AND CHEMICALS, INC.
- NOVA GAS TECHNOLOGIES INC.
- TAIYO NIPPON SANSO CORP.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Specialty Gas Market - By Type
1.3.2 Specialty Gas Market - By Application
1.3.3 Specialty Gas Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SPECIALTY GAS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. SPECIALTY GAS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. SPECIALTY GAS MARKET - GLOBAL MARKET ANALYSIS
6.1. SPECIALTY GAS - GLOBAL MARKET OVERVIEW
6.2. SPECIALTY GAS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SPECIALTY GAS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. HIGH PURITY GASES
7.3.1. Overview
7.3.2. High Purity Gases Market Forecast and Analysis
7.4. CARBON GASES
7.4.1. Overview
7.4.2. Carbon Gases Market Forecast and Analysis
7.5. NOBLE GASES
7.5.1. Overview
7.5.2. Noble Gases Market Forecast and Analysis
7.6. HALOGEN GASES
7.6.1. Overview
7.6.2. Halogen Gases Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. SPECIALTY GAS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. ELECTRONICS
8.3.1. Overview
8.3.2. Electronics Market Forecast and Analysis
8.4. MANUFACTURING
8.4.1. Overview
8.4.2. Manufacturing Market Forecast and Analysis
8.5. HEALTHCARE
8.5.1. Overview
8.5.2. Healthcare Market Forecast and Analysis
8.6. ACADEMICS
8.6.1. Overview
8.6.2. Academics Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. SPECIALTY GAS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Specialty Gas Market Overview
9.1.2 North America Specialty Gas Market Forecasts and Analysis
9.1.3 North America Specialty Gas Market Forecasts and Analysis - By Type
9.1.4 North America Specialty Gas Market Forecasts and Analysis - By Application
9.1.5 North America Specialty Gas Market Forecasts and Analysis - By Countries
9.1.5.1 United States Specialty Gas Market
9.1.5.1.1 United States Specialty Gas Market by Type
9.1.5.1.2 United States Specialty Gas Market by Application
9.1.5.2 Canada Specialty Gas Market
9.1.5.2.1 Canada Specialty Gas Market by Type
9.1.5.2.2 Canada Specialty Gas Market by Application
9.1.5.3 Mexico Specialty Gas Market
9.1.5.3.1 Mexico Specialty Gas Market by Type
9.1.5.3.2 Mexico Specialty Gas Market by Application
9.2. EUROPE
9.2.1 Europe Specialty Gas Market Overview
9.2.2 Europe Specialty Gas Market Forecasts and Analysis
9.2.3 Europe Specialty Gas Market Forecasts and Analysis - By Type
9.2.4 Europe Specialty Gas Market Forecasts and Analysis - By Application
9.2.5 Europe Specialty Gas Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Specialty Gas Market
9.2.5.1.1 Germany Specialty Gas Market by Type
9.2.5.1.2 Germany Specialty Gas Market by Application
9.2.5.2 France Specialty Gas Market
9.2.5.2.1 France Specialty Gas Market by Type
9.2.5.2.2 France Specialty Gas Market by Application
9.2.5.3 Italy Specialty Gas Market
9.2.5.3.1 Italy Specialty Gas Market by Type
9.2.5.3.2 Italy Specialty Gas Market by Application
9.2.5.4 United Kingdom Specialty Gas Market
9.2.5.4.1 United Kingdom Specialty Gas Market by Type
9.2.5.4.2 United Kingdom Specialty Gas Market by Application
9.2.5.5 Russia Specialty Gas Market
9.2.5.5.1 Russia Specialty Gas Market by Type
9.2.5.5.2 Russia Specialty Gas Market by Application
9.2.5.6 Rest of Europe Specialty Gas Market
9.2.5.6.1 Rest of Europe Specialty Gas Market by Type
9.2.5.6.2 Rest of Europe Specialty Gas Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Specialty Gas Market Overview
9.3.2 Asia-Pacific Specialty Gas Market Forecasts and Analysis
9.3.3 Asia-Pacific Specialty Gas Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Specialty Gas Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Specialty Gas Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Specialty Gas Market
9.3.5.1.1 Australia Specialty Gas Market by Type
9.3.5.1.2 Australia Specialty Gas Market by Application
9.3.5.2 China Specialty Gas Market
9.3.5.2.1 China Specialty Gas Market by Type
9.3.5.2.2 China Specialty Gas Market by Application
9.3.5.3 India Specialty Gas Market
9.3.5.3.1 India Specialty Gas Market by Type
9.3.5.3.2 India Specialty Gas Market by Application
9.3.5.4 Japan Specialty Gas Market
9.3.5.4.1 Japan Specialty Gas Market by Type
9.3.5.4.2 Japan Specialty Gas Market by Application
9.3.5.5 South Korea Specialty Gas Market
9.3.5.5.1 South Korea Specialty Gas Market by Type
9.3.5.5.2 South Korea Specialty Gas Market by Application
9.3.5.6 Rest of Asia-Pacific Specialty Gas Market
9.3.5.6.1 Rest of Asia-Pacific Specialty Gas Market by Type
9.3.5.6.2 Rest of Asia-Pacific Specialty Gas Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Specialty Gas Market Overview
9.4.2 Middle East and Africa Specialty Gas Market Forecasts and Analysis
9.4.3 Middle East and Africa Specialty Gas Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Specialty Gas Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Specialty Gas Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Specialty Gas Market
9.4.5.1.1 South Africa Specialty Gas Market by Type
9.4.5.1.2 South Africa Specialty Gas Market by Application
9.4.5.2 Saudi Arabia Specialty Gas Market
9.4.5.2.1 Saudi Arabia Specialty Gas Market by Type
9.4.5.2.2 Saudi Arabia Specialty Gas Market by Application
9.4.5.3 U.A.E Specialty Gas Market
9.4.5.3.1 U.A.E Specialty Gas Market by Type
9.4.5.3.2 U.A.E Specialty Gas Market by Application
9.4.5.4 Rest of Middle East and Africa Specialty Gas Market
9.4.5.4.1 Rest of Middle East and Africa Specialty Gas Market by Type
9.4.5.4.2 Rest of Middle East and Africa Specialty Gas Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Specialty Gas Market Overview
9.5.2 South and Central America Specialty Gas Market Forecasts and Analysis
9.5.3 South and Central America Specialty Gas Market Forecasts and Analysis - By Type
9.5.4 South and Central America Specialty Gas Market Forecasts and Analysis - By Application
9.5.5 South and Central America Specialty Gas Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Specialty Gas Market
9.5.5.1.1 Brazil Specialty Gas Market by Type
9.5.5.1.2 Brazil Specialty Gas Market by Application
9.5.5.2 Argentina Specialty Gas Market
9.5.5.2.1 Argentina Specialty Gas Market by Type
9.5.5.2.2 Argentina Specialty Gas Market by Application
9.5.5.3 Rest of South and Central America Specialty Gas Market
9.5.5.3.1 Rest of South and Central America Specialty Gas Market by Type
9.5.5.3.2 Rest of South and Central America Specialty Gas Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SPECIALTY GAS MARKET, KEY COMPANY PROFILES
11.1. AIR LIQUIDE S.A
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. THE LINDE GROUP
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. AIR PRODUCTS AND CHEMICALS INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. PRAXAIR INC.,
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. MESSER GROUP GMBH
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MITSUI CHEMICALS INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SHOWA DENKO K.K.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. AIR PRODUCTS AND CHEMICALS, INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. NOVA GAS TECHNOLOGIES INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TAIYO NIPPON SANSO CORP.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Air Liquide S.A
2. The Linde Group
3. Air Products And Chemicals Inc.
4. Praxair Inc.,
5. Messer Group Gmbh
6. Mitsui Chemicals Inc.
7. Showa Denko K.K.
8. Air Products and Chemicals, Inc.
9. Nova Gas Technologies Inc.
10. Taiyo Nippon Sanso Corp.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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