Specialty Gases Market Growth & Trends:
The global specialty gas market size is expected to reach USD 22.80 billion by 2030, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 9.9% from 2023 to 2030. Increased preference for specialty gases in the healthcare sector owing to an increased rate of applicability in medical applications is a driving factor for the strong market growth.
Increased rate of applicability in key applications such as manufacturing (welding and cutting, lighting, laser, chemicals), healthcare (medical devices, pharmaceutical drugs manufacturing, anesthetic), electronics (flat panel displays, semiconductor devices), and analytical and calibration instruments are expected to drive market growth.
The manufacturing and electronics industries are flourishing at an increased rate in emerging economies of Asia Pacific. Government initiatives to strengthen analytical testing capabilities, growing expenditure on drugs and medical devices by public health organizations, technological advancement, and government investments in the healthcare and electronics industries are increasing the demand for specialty gas.
Prevailing energy and environment-friendly practices coupled with growing societal awareness towards green products and solutions are anticipated to develop more stringent environmental and emission norms over the forecasted period. Furthermore, key players such as Air Liquide, Praxair, Inc., Linde AG, etc. are developing clean technologies and introducing innovative solutions that will lower emissions and pollutants.
Specialty Gases Market Report Highlights:
- Carbon gases was the largest segment by product capturing over 26.0% of the market share in 2022. Carbon gases are obtained from various natural sources and used by end-use industries such as chemicals, oil, food and beverages, etc. Majorly carbon dioxide and carbon monoxide have an increasing demand in the market owing to the high applicability rate in many industrial applications
- The healthcare segment accounting for over 26.0% in 2022. Specialty gases are used on large scale in devices such as nuclear magnetic resource imaging, magnetic resonance imaging, and ophthalmology, etc.
- Asia Pacific region captured the largest regional segment in 2022 accounting for revenue share of 45.0% owing to steady capacity expansions by surgical instruments, defense equipment, electronics, cotton, textiles industries, and a growing number of new applications of specialty gases is expected to drive market growth
- The market is competitive with key participants involved in R&D and constant innovation done by the vendors has become one of the most important factors for companies to perform in this industry.
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definitions
- 1.3 Information Procurement
- 1.3.1 Information analysis
- 1.3.2 Market formulation & data visualization
- 1.3.3 Data validation & publishing
- 1.4 Research Scope and Assumptions
- 1.4.1 List to Data Sources
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Specialty Gas Market Variables and Trends
- 3.1 Market Lineage Outlook
- 3.2 Industry Value Chain Analysis
- 3.2.1 Technology Outlook
- 3.2.2 Manufacturing Trends
- 3.2.3 Sales Channel Analysis
- 3.3 Vendor Selection Criteria Analysis
- 3.4 Regulatory Framework
- 3.5 Market Dynamics
- 3.5.1 Market Driver Impact Analysis
- 3.5.2 Market Restraint Impact Analysis
- 3.5.3 Industry Challenges
- 3.5.4 Industry opportunities
- 3.6 Industry Analysis Tools
- 3.6.1 Porter's Analysis
- 3.6.2 Macroeconomic Analysis
Chapter 4 Specialty Gas Market: Supplier Portfolio Analysis
- 4.1 List of Raw Material Suppliers
- 4.2 Portfolio Analysis/Kraljic Matrix
- 4.3 Engagement Model
- 4.4 Negotiation Strategies
- 4.5 Sourcing Best Practices
Chapter 5 Specialty Gas Market: Product Estimates & Trend Analysis
- 5.1 Product Movement Analysis & Market Share, 2022 & 2030
- 5.2 Specialty Gas Market Estimates & Forecast, By Product (USD Million)
- 5.2.1 Ultra-High Purity Gases
- 5.2.2 Noble Gases
- 5.2.3 Carbon Gases
- 5.2.4 Hologen Gases
- 5.2.5 Other Specialty Gases
Chapter 6 Specialty Gas Market: Application Estimates & Trend Analysis
- 6.1 Application Movement Analysis & Market Share, 2022 & 2030
- 6.2 Specialty Gas Market Estimates & Forecast, By Application (USD Million)
- 6.2.1 Manufacturing
- 6.2.2 Electronics
- 6.2.3 Healthcare
- 6.2.4 Institutional
- 6.2.5 Other Application
Chapter 7 Specialty Gas Market: Regional Estimates & Trend Analysis
- 7.1 Specialty Gas Market: Regional Outlook
- 7.2 North America
- 7.2.1 North america Specialty Gas market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.2.2 U.S.
- 7.2.2.1 Key country dynamics
- 7.2.2.2 U.S. Specialty Gas market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.2.3 Canada
- 7.2.3.1 Key country dynamics
- 7.2.3.2 Canada Specialty Gas market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.2.4 Mexico
- 7.2.4.1 Key country dynamics
- 7.2.4.2 Mexico Specialty Gas market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.3 Europe
- 7.3.1 Europe Specialty Gas market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.3.2 Germany
- 7.3.2.1 Key country dynamics
- 7.3.2.2 Germany Specialty Gas market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.3.3 France
- 7.3.3.1 Key country dynamics
- 7.3.3.2 France Specialty Gas market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.3.4 U.K.
- 7.3.4.1 Key country dynamics
- 7.3.4.2 U.K. Specialty Gas market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.3.5 Italy
- 7.3.5.1 Key country dynamics
- 7.3.5.2 Italy Specialty Gas market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.3.6 Spain
- 7.3.6.1 Key country dynamics
- 7.3.6.2 Spain Specialty Gas market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4 Asia Pacific
- 7.4.1 Asia Pacific Specialty Gas market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4.2 China
- 7.4.2.1 Key country dynamics
- 7.4.2.2 China Specialty Gas market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4.3 India
- 7.4.3.1 Key country dynamics
- 7.4.3.2 India Specialty Gas market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4.4 Japan
- 7.4.4.1 Key country dynamics
- 7.4.4.2 Japan Specialty Gas market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4.5 South Korea
- 7.4.5.1 Key country dynamics
- 7.4.5.2 South Korea Specialty Gas market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.4.6 Australia
- 7.4.6.1 Key country dynamics
- 7.4.6.2 Australia Specialty Gas market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.5 Central & South America
- 7.5.1 Central & South America Specialty Gas market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.5.2 Brazil
- 7.5.2.1 Key country dynamics
- 7.5.2.2 Brazil Specialty Gas market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.5.3 Argentina
- 7.5.3.1 Key country dynamics
- 7.5.3.2 Argentina Specialty Gas market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.6 Middle East & Africa
- 7.6.1 Middle East & Africa Specialty Gas market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.6.2 South Africa
- 7.6.2.1 Key country dynamics
- 7.6.2.2 South Africa Specialty Gas market estimates & Forecasts, 2018 - 2030 (USD Million)
- 7.6.3 Saudi Arabia
- 7.6.3.1 Key country dynamics
- 7.6.3.2 Saudi Arabia Specialty Gas market estimates & Forecasts, 2018 - 2030 (USD Million)
Chapter 8 Specialty Gas Market - Competitive Landscape
- 8.1 Recent Developments & Impact Analysis, By Key Market Participants
- 8.2 Company Categorization
- 8.3 Company Market Share Analysis, 2022
- 8.4 Company Heat Map Analysis
- 8.6 Strategy Mapping
- 8.7 Company Listing
- 8.7.1 Linde plc
- 8.7.1.1 Company Overview
- 8.7.1.2 Financial Performance
- 8.7.1.3 Industries and Services Catered
- 8.7.1.4 Product Benchmarking
- 8.7.1.5 Strategic Initiatives
- 8.7.2 Air Liquide International S.A.
- 8.7.2.1 Company Overview
- 8.7.2.2 Financial Performance
- 8.7.2.3 Industries and Services Catered
- 8.7.2.4 Product Benchmarking
- 8.7.3 Messer Group GmbH
- 8.7.3.1 Company Overview
- 8.7.3.2 Financial Performance
- 8.7.3.3 Industries and Services Catered
- 8.7.3.4 Product Benchmarking
- 8.7.4 Air Products and Chemicals, Inc.
- 8.7.4.1 Company Overview
- 8.7.4.2 Financial Performance
- 8.7.4.3 Industries and Services Catered
- 8.7.4.4 Product Benchmarking
- 8.7.5 Weldstar, Inc.
- 8.7.5.1 Company Overview
- 8.7.5.2 Financial Performance
- 8.7.5.3 Industries and Services Catered
- 8.7.5.4 Product Benchmarking
- 8.7.6 Mesa Specialty Gases & Equipment
- 8.7.6.1 Company Overview
- 8.7.6.2 Financial Performance
- 8.7.6.3 Industries and Services Catered
- 8.7.6.4 Product Benchmarking
- 8.7.7 Norco Inc.
- 8.7.7.1 Company Overview
- 8.7.7.2 Financial Performance
- 8.7.7.3 Industries and Services Catered
- 8.7.7.4 Product Benchmarking
- 8.7.8 Taiyo Nippon Sanso Corporation
- 8.7.8.1 Company Overview
- 8.7.8.2 Financial Performance
- 8.7.8.3 Industries and Services Catered
- 8.7.8.4 Product Benchmarking
- 8.7.9 Showa Denko K.K.
- 8.7.9.1 Company Overview
- 8.7.9.2 Financial Performance
- 8.7.9.3 Industries and Services Catered
- 8.7.9.4 Product Benchmarking