Global Deuterium Gas Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Deuterium Gas Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Deuterium is the heavier stable isotope of ordinary hydrogen. It is a colorless, odorless, and non-toxic combustible gas. Its boiling point is -249.5°C. Like molecular hydrogen, diatomic deuterium molecules also have normal and secondary isomerism. At room temperature, the equilibrium composition of the mixture of deuterium normal-secondary isomers is 2:1, and this deuterium is called normal deuterium. Lowering the temperature is conducive to the conversion to positive deuterium. At 20.4K, the equilibrium mixture contains 97.8% positive deuterium, and the deuterium at this time is called equilibrium deuterium.

Market Overview:

The latest research study on the global Deuterium Gas market finds that the global Deuterium Gas market reached a value of USD 106.71 million in 2022. It’s expected that the market will achieve USD 168.77 million by 2028, exhibiting a CAGR of 7.94% during the forecast period.

The unemployment rate has risen significantly

Affected by the COVID-19 epidemic, the unemployment rate has risen sharply. Before the outbreak, the unemployment rate of the world's major economies was at a historically low level. After the outbreak, unemployment rates in many countries have risen sharply. The epidemic will rebound in the autumn and winter of 2020, and the global unemployment situation has further deteriorated. Take the United States as an example: According to estimates by the Federal Reserve, millions of Americans have lost their jobs due to the coronavirus crisis, and the worst losses have yet to come. Economists in the St. Louis area of the Federal Reserve predict that total employment will fall by 47 million. According to a recent analysis of possible adverse conditions, the unemployment rate is 32.1%. In addition, the US Department of Labor pointed out in the report that the number of employments in the leisure and hotel services industry fell by 459,000 in March, reflecting the impact of the COVID-19 epidemic; non-agricultural employment in the private sector fell by 713,000. At the same time, the company's expenditure on employees has increased. Data show that during the epidemic, the average hourly wage rose by 0.4% month-on-month and 3.1% year-on-year, both higher than expected. And the company also needs to bear the cost of purchasing protective equipment for employees during their work.

Demand in emerging countries is expanding

Judging from the growth of global production of deuterium gas, the growth of market demand, and the development of enterprises in the industry, the global deuterium gas is in a stage of positive growth, and future market demand will continue to grow. Compared with those in developed countries, the deuterium gas production enterprises in developing countries have a relatively backward core technology level, unstable product performance, and slower technological update. At the same time, deuterium gas in developing countries has less market development power, and it is more difficult to compete with products from developed countries. For example, both China and India are developing their respective industries. With the advancement of economy and technology and the increase in downstream demand, the deuterium gas market has great market potential.

Affected by the price of raw materials

The price of deuterium gas is greatly affected by the price of upstream raw materials. When the price of upstream raw materials rises, it will increase the cost of the deuterium industry to a certain extent. Thereby reducing the profits of the deuterium industry. In general, raw material prices will fluctuate, which increases the uncertainty of industry costs.

Competition in the market is getting fiercer

At present, the global deuterium industry market is still in an immature stage of development. The industry is gradually facing fierce competition. Sometimes it may lead to low-price competition in some areas.

Region Overview:

North America dominated the Deuterium Gas market in 2021, with a market share of 48.23%.

Company Overview:

Linde Gas, MATHESON, kylin-tech, Electronic Fluorocarbons LLC and PERIC Special Gases co.,Ltd are the five key players in the global Deuterium Gas market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Deuterium Gas market in the past 5 years.

Linde Gas

Linde plc is an Irish-domiciled multinational chemical company formed by the merger of Linde AG of Germany (founded in 1879) and Praxair of the United States. It is the world's largest industrial gas company by market share as well as revenue.

MATHESON

Matheson Tri-Gas, Inc. is a supplier of industrial gases, medical gases, specialty & electronic gases, propane, gas handling equipment, gas purification systems, industrial safety equipment, and gas engineering services.

Segmentation Overview:

Among different product types, 5N Рurіtу Dеutеrіum Gаѕ segment is anticipated to contribute the largest market share in 2027.

Deuterium gas is classified according to different purity levels. 5N Рurіtу Dеutеrіum Gаѕ means that the purity of deuterium gas reaches 99.999%. 4N Рurіtу Dеutеrіum Gаѕ means that the purity of deuterium gas reaches 99.99%.

Application Overview:

The market's largest segment by application is the segment Electronics Industry, with a market share of 41.99% in 2021.

Nuclear Industry

Deuterium gas was initially mainly used in military research, such as nuclear energy industry, nuclear weapons, etc. Deuterium gas is the most important raw material for making hydrogen bombs and neutron bombs, and it can now be used in nuclear fusion reactions.

Pharmaceutical Industry

Deuterium gas is mainly used in the Pharmaceutical Industry in the field of biomedicine, and trace amounts of molecules can be used to study reaction rates and reaction mechanisms.

Chemical Industry

Production of heavy hydrogen-containing compounds in the chemical field.

Electronics Industry

In the electronics industry such as semiconductors, flat panel displays, and solar cells, hydrogen is replaced in silicon sintering or annealing processes.

Others


In addition to the above several fields, deuterium gas can also be used in optical fiber materials, special lamp sources and other fields.

Key Companies in the global Deuterium Gas market covered in Chapter 3:

PERIC Special Gases co.,Ltd
Huate Gas
Linde Gas
deutraMed Inc
MATHESON
Isowater Corporation
kylin-tech
Electronic Fluorocarbons LLC
Foshan Zhicheng Gas

In Chapter 4 and Chapter 14.2, on the basis of types, the Deuterium Gas market from 2018 to 2029 is primarily split into:

5N Рurіtу Dеutеrіum Gаѕ
4N Рurіtу Dеutеrіum Gаѕ
Оthеrѕ

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Deuterium Gas market from 2018 to 2029 covers:

Nuclear Industry
Pharmaceutical Industry
Chemical Industry
Electronics Industry

Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)