Specialty Gas Market Share, Size, Trends, Industry Analysis Report, By Product (High purity, Halogen, Nobel, Carbon, and Others); By Application; By Region; Segment Forecast, 2023 - 2032

Specialty Gas Market Share, Size, Trends, Industry Analysis Report, By Product (High purity, Halogen, Nobel, Carbon, and Others); By Application; By Region; Segment Forecast, 2023 - 2032



The global specialty gas market size is expected to reach USD 24.14 billion by 2032, according to a new study by Polaris Market Research. The report “Specialty Gas Market Share, Size, Trends, Industry Analysis Report, By Product (High purity, Halogen, Nobel, Carbon, and Others); By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The specialty gas market is poised for growth due to rising demand in the manufacturing of semiconductor devices and flat panel displays. These gases are essential for producing high-tech thin films like plasma-enhanced chemical vapor deposition (PECVD). However, the market growth may face challenges from stringent environmental regulations and restrictions on specialty gas production and quality control.

Despite these hurdles, there are opportunities in the pharmaceutical and biotechnology sectors where specialty gases find applications. The Asia-Pacific region, particularly countries like China, India, and Japan, dominates the global market, exhibiting the highest consumption of specialty gases. With the region's booming industries and increasing demand for electronic products, the Asia-Pacific market holds significant potential for the specialty gas industry during the forecast period.

The increasing need for semiconductors and LEDs drives the growing demand for specialty gases. The dynamic and competitive semiconductor industry relies on ultra-pure gases and chemicals for manufacturing. Additionally, expanding the consumer electronics sector further fuels the growth of the specialty gas industry.

Specialty Gas Market Report Highlights

The carbon gases segment dominates the market and is expected to maintain its leading position due to widespread use in the medical, electronics, manufacturing, healthcare, and chemical industries.

The healthcare segment held the largest market share and is expected to maintain its dominance, driven by the critical use of specialty gases in medical applications and procedures.

Asia-Pacific's rapid market growth is driven by high consumption in electronics, automotive, and healthcare sectors, fueled by rising disposable incomes and demand for electronic products.

The global key market players include Air Liquide, Coregas, Air Products and Chemicals, Inc., Iwatani Corporation of America, MESA Specialty Gases & Equipment, Linde plc, Messer Group GmbH, Norco Inc., YUEYANG KAIMEITE ELECTRONIC AND SPECLALTY RARE GASES CO., Mitsui Chemicals, Inc., SHOWA DENKO K.K., ILMO Products Company, Taiyo Nippon Sanso Corporation, Weldstar, Inc.

Polaris Market Research has segmented the specialty gas market report based on product, application, and region:

Specialty Gas, Product Outlook (Revenue - USD Billion, 2019 - 2032)

High purity

Halogen

Nobel

Carbon

Others

Specialty Gas, Application Outlook (Revenue - USD Billion, 2019 - 2032)

Manufacturing

Institutional

Electronics

Healthcare

Others

Specialty Gas, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa


1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Global Specialty Gas Market Insights
4.1. Specialty Gas Market – Industry Snapshot
4.2. Specialty Gas Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1 Growing Demand from Electronics Industry
4.2.1.2.Expanding Healthcare Industry
4.2.2. Restraints and Challenges
4.2.2.1. High raw material prices
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Specialty Gas Industry trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Specialty Gas Market, by Product
5.1. Key Findings
5.2. Introduction
5.2.1. Global Specialty Gas, by Product, 2019-2032 (USD Billion)
5.3. High purity
5.3.1. Global Specialty Gas Market, by High purity, by Region, 2019-2032 (USD Billion)
5.4. Halogen
5.4.1. Global Specialty Gas Market, by Halogen, by Region, 2019-2032 (USD Billion)
5.5. Nobel
5.5.1. Global Specialty Gas Market, by Nobel, by Region, 2019-2032 (USD Billion)
5.6. Carbon
5.6.1. Global Specialty Gas Market, by Carbon, by Region, 2019-2032 (USD Billion)
5.7. Others
5.7.1. Global Specialty Gas Market, by Others, by Region, 2019-2032 (USD Billion)
6. Global Specialty Gas Market, by Application
6.1. Key Findings
6.2. Introduction
6.2.1. Global Specialty Gas Market, by Application, 2019-2032 (USD Billion)
6.3. Manufacturing
6.3.1. Global Specialty Gas Market, by Manufacturing, by Region, 2019-2032 (USD Billion)
6.4. Institutional
6.4.1. Global Specialty Gas Market, by Institutional, by Region, 2019-2032 (USD Billion)
6.5. Electronics
6.5.1. Global Specialty Gas Market, by Electronics, by Region, 2019-2032 (USD Billion)
6.6. Healthcare
6.6.1. Global Specialty Gas Market, by Healthcare, by Region, 2019-2032 (USD Billion)
6.7. Others
6.7.1. Global Specialty Gas Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Specialty Gas Market, by Geography
7.1. Key findings
7.2. Introduction
7.2.1. Specialty Gas Market Assessment, By Geography, 2019-2032 (USD Billion)
7.3. Specialty Gas Market – North America
7.3.1. North America: Specialty Gas Market, by Application, 2019-2032 (USD Billion)
7.3.2. North America: Specialty Gas Market, by Product, 2019-2032 (USD Billion)
7.3.3. Specialty Gas Market – U.S.
7.3.3.1. U.S.: Specialty Gas Market, by Application, 2019-2032 (USD Billion)
7.3.3.2. U.S.: Specialty Gas Market, by Product, 2019-2032 (USD Billion)
7.3.4. Specialty Gas Market – Canada
7.3.4.1. Canada: Specialty Gas Market, by Application, 2019-2032 (USD Billion)
7.3.4.2. Canada: Specialty Gas Market, by Product, 2019-2032 (USD Billion)
7.4. Specialty Gas Market – Europe
7.4.1. Europe: Specialty Gas Market, by Application, 2019-2032 (USD Billion)
7.4.2. Europe: Specialty Gas Market, by Product, 2019-2032 (USD Billion)
7.4.3. Specialty Gas Market – UK
7.4.3.1. UK: Specialty Gas Market, by Application, 2019-2032 (USD Billion)
7.4.3.2. UK: Specialty Gas Market, by Product, 2019-2032 (USD Billion)
7.4.4. Specialty Gas Market – France
7.4.4.1. France: Specialty Gas Market, by Application, 2019-2032 (USD Billion)
7.4.4.2. France: Specialty Gas Market, by Product, 2019-2032 (USD Billion)
7.4.5. Specialty Gas Market – Germany
7.4.5.1. Germany: Specialty Gas Market, by Application, 2019-2032 (USD Billion)
7.4.5.2. Germany: Specialty Gas Market, by Product, 2019-2032 (USD Billion)
7.4.6. Specialty Gas Market – Italy
7.4.6.1. Italy: Specialty Gas Market, by Application, 2019-2032 (USD Billion)
7.4.6.2. Italy: Specialty Gas Market, by Product, 2019-2032 (USD Billion)
7.4.7. Specialty Gas Market – Spain
7.4.7.1. Spain: Specialty Gas Market, by Application, 2019-2032 (USD Billion)
7.4.7.2. Spain: Specialty Gas Market, by Product, 2019-2032 (USD Billion)
7.4.8. Specialty Gas Market – Netherlands
7.4.8.1. Netherlands: Specialty Gas Market, by Application, 2019-2032 (USD Billion)
7.4.8.2. Netherlands: Specialty Gas Market, by Product, 2019-2032 (USD Billion)
7.4.9. Specialty Gas Market – Russia
7.4.9.1. Russia: Specialty Gas Market, by Application, 2019-2032 (USD Billion)
7.4.9.2. Russia: Specialty Gas Market, by Product, 2019-2032 (USD Billion)
7.5. Specialty Gas Market – Asia Pacific
7.5.1. Asia Pacific: Specialty Gas Market, by Application, 2019-2032 (USD Billion)
7.5.2. Asia Pacific: Specialty Gas Market, by Product, 2019-2032 (USD Billion)
7.5.3. Specialty Gas Market – China
7.5.3.1. China: Specialty Gas Market, by Application, 2019-2032 (USD Billion)
7.5.3.2. China: Specialty Gas Market, by Product, 2019-2032 (USD Billion)
7.5.4. Specialty Gas Market – India
7.5.4.1. India: Specialty Gas Market, by Application, 2019-2032 (USD Billion)
7.5.4.2. India: Specialty Gas Market, by Product, 2019-2032 (USD Billion)
7.5.5. Specialty Gas Market – Malaysia
7.5.5.1. Malaysia: Specialty Gas Market, by Application, 2019-2032 (USD Billion)
7.5.5.2. Malaysia: Specialty Gas Market, by Product, 2019-2032 (USD Billion)
7.5.6. Specialty Gas Market – Japan
7.5.6.1. Japan: Specialty Gas Market, by Application, 2019-2032 (USD Billion)
7.5.6.2. Japan: Specialty Gas Market, by Product, 2019-2032 (USD Billion)
7.5.7. Specialty Gas Market – Indonesia
7.5.7.1. Indonesia: Specialty Gas Market, by Application, 2019-2032 (USD Billion)
7.5.7.2. Indonesia: Specialty Gas Market, by Product, 2019-2032 (USD Billion)
7.5.8. Specialty Gas Market – South Korea
7.5.8.1. South Korea: Specialty Gas Market, by Application, 2019-2032 (USD Billion)
7.5.8.2. South Korea: Specialty Gas Market, by Product, 2019-2032 (USD Billion)
7.6. Specialty Gas Market – Middle East & Africa
7.6.1. Middle East & Africa: Specialty Gas Market, by Application, 2019-2032 (USD Billion)
7.6.2. Middle East & Africa: Specialty Gas Market, by Product, 2019-2032 (USD Billion)
7.6.3. Specialty Gas Market – Saudi Arabia
7.6.3.1. Saudi Arabia: Specialty Gas Market, by Application, 2019-2032 (USD Billion)
7.6.3.2. Saudi Arabia: Specialty Gas Market, by Product, 2019-2032 (USD Billion)
7.6.4. Specialty Gas Market – UAE
7.6.4.1. UAE: Specialty Gas Market, by Application, 2019-2032 (USD Billion)
7.6.4.2. UAE: Specialty Gas Market, by Product, 2019-2032 (USD Billion)
7.6.5. Specialty Gas Market – Israel
7.6.5.1. Israel: Specialty Gas Market, by Application, 2019-2032 (USD Billion)
7.6.5.2. Israel: Specialty Gas Market, by Product, 2019-2032 (USD Billion)
7.6.6. Specialty Gas Market – South Africa
7.6.6.1. South Africa: Specialty Gas Market, by Application, 2019-2032 (USD Billion)
7.6.6.2. South Africa: Specialty Gas Market, by Product, 2019-2032 (USD Billion)
7.7. Specialty Gas Market – Latin America
7.7.1. Latin America: Specialty Gas Market, by Application, 2019-2032 (USD Billion)
7.7.2. Latin America: Specialty Gas Market, by Product, 2019-2032 (USD Billion)
7.7.3. Specialty Gas Market – Mexico
7.7.3.1. Mexico: Specialty Gas Market, by Application, 2019-2032 (USD Billion)
7.7.3.2. Mexico: Specialty Gas Market, by Product, 2019-2032 (USD Billion)
7.7.4. Specialty Gas Market – Brazil
7.7.4.1. Brazil: Specialty Gas Market, by Application, 2019-2032 (USD Billion)
7.7.4.2. Brazil: Specialty Gas Market, by Product, 2019-2032 (USD Billion)
7.7.5. Specialty Gas Market – Argentina
7.7.5.1. Argentina: Specialty Gas Market, by Application, 2019-2032 (USD Billion)
7.7.5.2. Argentina: Specialty Gas Market, by Product, 2019-2032 (USD Billion)
8. Competitive Landscape
8.1. Expansion and Acquisition Analysis
8.1.1. Expansion
8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
9.1. Air Liquide
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Recent Development
9.2. Coregas
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Recent Development
9.3. Air Products and Chemicals, Inc.
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Recent Development
9.4. Iwatani Corporation of America
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Recent Development
9.5. MESA Specialty Gases & Equipment
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Recent Development
9.6. Linde plc
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Recent Development
9.7. Messer Group GmbH
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Recent Development
9.8. Norco Inc
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Recent Development
9.9. YUEYANG KAIMEITE ELECTRONIC AND SPECLALTY RARE GASES CO
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Recent Development
9.10. Sunrise Global Marketing
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Recent Development
9.11. Mitsui Chemicals, Inc
9.11.1. Company Overview
9.11.2. Financial Performance
9.11.3. Product Benchmarking
9.11.4. Recent Development
9.12. SHOWA DENKO K.K
9.12.1. Company Overview
9.12.2. Financial Performance
9.12.3. Product Benchmarking
9.12.4. Recent Development
9.13. ILMO Products Company
9.13.1. Company Overview
9.13.2. Financial Performance
9.13.3. Product Benchmarking
9.13.4. Recent Development
9.14.Taiyo Nippon Sanso Corporation
9.14.1. Company Overview
9.14.2. Financial Performance
9.14.3. Product Benchmarking
9.14.4. Recent Development
9.15.Weldstar, Inc.
9.15.1. Company Overview
9.15.2. Financial Performance
9.15.3. Product Benchmarking
9.15.4. Recent Development

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