Global Specialty Gas Market by Application (Automotive, Manufacturing, Electronics, Healthcare, Institutional, Food and Beverage, Oil and Gas, and Others); by Product (Ultra-high Purity, Noble, Carbon, Halogen, and Other Specialty); by Region (Asia-Pacific, North America, Latin America, Middle East and Africa, and Europe); - Global Forecasts 2021 to 2027

Date: Dec 2021 Report Id: 140 Category: Chemicals & Materials Report Format: pdf-img excel-img ppt-img word-img

The Global Specialty Gas Market was valued at USD 11.1 Bn in 2020 and is expected to reach USD 21.2 Bn by 2027, with a growing CAGR of 9.7% during the forecast period.

The Global Specialty Gas Market Definition

Specialty gases are ultra-high purity or rare gases which include a range of minor gases that are used in specialized applications. Various types of specialty gases include ultra-high purity, noble, carbon, halogen, and other specialty gases. These gases have unique properties and therefore benefit many industries such as automotive, manufacturing, electronics, healthcare, institutional, food and beverage, oil, and gas, and among others.

Specialty Gas Market

The Global Specialty Gas Market Dynamics:

The specialty gas market is majorly experiencing traction due to the broad spectrum of uses including controlling biological growth, monitoring air quality, testing breath alcohol, testing car exhaust, calorimetric testing, confined space monitoring, emission & natural gas trading, and commercial diving. Specialty gas such as ultra-high purity gas offers a purity level of approximately 99.99999%. Higher purity accounts for lower and fewer levels of the impurities which can cause issues with high-tech production instrumentation or processes as well as analytical measurement. In addition, specialty gas provides a high specification tolerance of the mixing chemicals in comparison to other medical and industrial gases. Owing to this high level of purity and tolerance over other gases, specialty gas is preferred across several end-user industries.

Moreover, additional benefits offered by specialty gas such as cost reduction, optimization of performance, and yield improvement are another major factor driving the growth in the specialty gas market. Additionally, rising demand for the product in applications like voltaic cells and plasma display panels is also projected to bring a surge in the specialty gas market over the forecast period. Further, rising environmental awareness along with growing demand for bio-based products is another major factor offering growth opportunities in the specialty gas market across the globe.

The Global Specialty Gas Market Segmentation:

By Application

  • Automotive
  • Manufacturing
  • Electronics
  • Healthcare
  • Institutional
  • Food and Beverage
  • Oil and Gas
  • Other

By Product

  • Ultra-high Purity
  • Noble
  • Carbon
  • Halogen
  • Other Specialty

By Region

  • Asia-Pacific
  • North America
  • Latin America
  • Middle East and Africa
  • Europe

The unique insights provided by this report also include the following:

  • In-Depth Value Chain Analysis
  • Market Opportunity Mapping
  • Sector Snapshot
  • Key Players Positioning Matrix
  • Regulatory Scenario
  • Strategies Adopted-Benchmarking Heat Map
  • Market Trends
  • Covid-19 Impact Analysis
  • Product Comparison
  • Pre & Post Covid 19 Impact on Specialty Gas Market
  • Competitive Landscape

Based on the product, the carbon specialty gas accounted for the major share in the specialty gas market owing to growing product demand by several end-use industries

Based on the product, the specialty gas market is segmented as ultra-high purity, noble, carbon, halogen, and other specialty gases. Among these, carbon specialty gas accounted for the major share in the specialty gas market across the globe. This high share is owing to growing product demand by several end-use industries including electronics, manufacturing, healthcare, chemicals, oil & gas among others. Carbon gas is used in the electronics industry for a wide range of circuits such as board assembly, cleaning surfaces, and manufacturing semiconductor devices. In the healthcare industry, carbon gas is used to make urea, organic & inorganic carbonates, methanol, sodium salicylate, and polyurethanes. It is further used in the oil & gas industry for enhanced oil recovery (EOR). Owing to such wide application, carbon gas has been experiencing high demand, thereby driving the specialty gas market.

Based on application, the electronics industry has dominated the specialty gas industry due to the use of specialty gases in producing various electronics components

Based on application, the specialty gas market is fragmented into automotive, manufacturing, electronics, healthcare, institutional, food and beverage, oil, and gas, and among others. Among these, the electronics industry has dominated the specialty gas industry and is expected to show similar trends during the forecast period. This dominant share is due to the use of specialty gases in producing various electronic components such as silicon wafers & integrated circuits (IC) along with the manufacturing of compound semiconductors and flat panel display products. Additionally, there is a wide displacement of wet processes in manufacturing semiconductor components by gas-phase cleaning and engraving owing to the rising demand for supplementary complex semiconductors. This is also resulting in augmenting the specialty gas industry demand in the electronics sector.

Based on region, the Asia-Pacific region led the specialty gas industry across the globe due to the growing product demand from many end-use industries in the region

Based on region, the specialty gas industry is divided into Asia-Pacific, North America, Latin America, the Middle East and Africa, and Europe. Among these, the Asia-Pacific region led the specialty gas industry across the globe and is anticipated to show a significant growth trend during the forecast period. This share is majorly attributed to the growing product demand from many end-use industries in the region such as electronics, healthcare, pharmaceutical, and manufacturing among others. High purity gas is produced on a large scale in this region owing to the growing preference towards the healthcare sector and widening application in the electronics & food and beverage sector. Further, massive investments by several economies in the region for adopting new technologies for the production equipment, packaging & process along with developing techniques for custom blending in the region proliferate the specialty gas industry growth across the region.

The report also provides an in-depth analysis of the market dynamics such as drivers, restraints opportunities, and challenges

Drivers

  • Growing product demand from several end-use industry
  • Rising demand for the product in applications like voltaic cells and plasma display panels
  • Benefits offered by specialty gas over other standard industrial and medical gases

Restraints

  • Increasing structural and regulatory restrictions on production and quality control of specialty gases
  • Increasing threat of the substitutes of specialty gas

Opportunities

  • Technological developments and innovation in manufacturing specialty gases
  • Rising environment awareness along with growing demand for bio-based products

Note: Challenges along with in-depth Specialty Gas market dynamics analysis is mentioned in the report.

COVID-19 impact on the Specialty Gas market analysis

COVID-19 pandemic has resulted on causing significant disturbance in most industries across the globe. Due to the enforcement of social distancing, lockdowns, and other measures, many manufacturing units were temporarily shut down, resulting in decreasing product demand, thereby negatively impacting the specialty gas market growth. In addition, many construction projects that were in the bidding or final stages were delayed or cancelled due to pandemic. As per American Road & Transportation Builder Association, infrastructure projects of more than USD 9.6 billion were delayed or cancelled because of pandemic. This led to decrease in the demand for gases such as argon and hydrogen used in welding purposes. Owing to the decreased product demand from these end-use industries, the specialty gases market demand also took a major hit across the globe.   

The report also provides an in-depth analysis of key trends in the Specialty Gas market

  • The possibility of scarcity of helium in coming is driving R&D activities to develop a safer substitute for application, such as hydrogen. These rising R&D activities is projected to create growth opportunities for the players in the global market over the forecast period.
  • Strategic acquisition and merger in the specialty gas market is expected to proliferate growth opportunities for the key market players, thereby driving the growth in the specialty gas industry.

The report also provides an in-depth analysis of recent news developments and investments in the Specialty Gas market

  • In November 2021, Woodside Petroleum Ltd announced to sign a share sale agreement with BHP Group. This acquisition is for the partnership of BHP’s gas and oil portfolio with Woodside. With this acquisition, Woodside will acquire the entire share capital of BHP Petroleum in return for new Woodside shares.
  • In August 2019, Air Products and Chemicals, Inc., an American international corporation who sells gases and chemicals for industrial uses announce the completion of acquisition of General Electric’s gasification business portfolio. With this acquisition, the company expanded its product offerings, strengthened its position to operate gasification projects across the globe.

Company Profiles and Competitive Intelligence

The key players operating in the specialty gas industry are:

  • Advanced Gas Technologies Inc.
  • 3M Company
  • Advanced Specialty Gases Inc.
  • Airgas Incorporated
  • Air Products And Chemicals Inc.
  • E.I. Du Pont De Nemours and Co.
  • Kanto Denka Kogyo Co. Ltd.
  • Honeywell International Inc.
  • L’Air Liquide S.A.
  • Mitsui Chemicals Inc.
  • Messer Group Gmbh
  • Norco Incorporated
  • Praxair Incorporated
  • Nova Gas Technologies Inc.
  • Showa Denko K.K.
  • The Linde Group
  • Taiyo Nippon Sanso Corp.
  • Welsco Incorporated
  • Linde Group
  • Air Liquide
  • American Air Liquide Holdings
  • Mesa Specialty Gases & Equipment
  • Weldstar, Inc.
  • Other Notable Players

Frequently Asked Questions (FAQs)

The Global Specialty Gas Market was valued at USD 11.1 Bn in 2020 and is anticipated to reach USD 21.2 Bn by 2027.
The Specialty Gas Market is estimated to grow at a compound annual growth rate (CAGR) of 9.7% during forecast period.
The Asia-Pacific regional segment has dominated the Specialty Gas Market.
A few key players include, but not limited to: 3M Company, Advanced Specialty Gases Inc., Airgas Incorporated, Honeywell International Inc., L’Air Liquide S.A., Mitsui Chemicals Inc., Messer Group Gmbh, Norco Incorporated and Praxair Incorporate among others
Yes, the report contains detailed COVID-19 analysis for Specialty Gas Market.
Author Credentials

Priyanka has been writing chemicals & material market research reports for the last 12 years. A post-graduate, her specialization is in the chemicals sector. Preparing end-to-end reports covering minute details for market insights, competitive intelligence and trend analysis in the CMFE sector.

  1. Introduction
    1. Product Outline
    2. Specialty Gas Overview
    3. Different Types Of Specialty Gas 
    4. Analysis Of Specialty Gas Ecosystem
    5. Supply Chain Analysis
    6. Covid -19 Impact
    7. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Threats
    8. Technology Overview
  2. Technology and Regulatory Landscape for Specialty Gas    
    1. Regulations and Standards
  3. Specialty Gas Market Pricing Analysis
    1. Prices of Specialty Gas   
  4. Specialty Gas Market by Application
    1. Automotive
    2. Manufacturing
    3. Electronics
    4. Healthcare
    5. Institutional
    6. Food and Beverage
    7. Oil and Gas
    8. Other
  5. Specialty Gas Market by Product
    1. Ultra-high Purity
    2. Noble
    3. Carbon
    4. Halogen
    5. Other Specialty
  6. Regional Analysis
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. UK
      3. France
      4. Norway
      5. Italy
      6. Spain
      7. Netherlands
      8. Rest Of Europe
    3. Asia Pacific
      1. China
      2. India
      3. Japan
      4. Australia
      5. New Zealand
      6. Rest Of Asia Pacific
    4. Middle East and Africa
    5. South America
  7. Key Strategic Insights
    1. New Raw Material Sources
    2. New Applications
    3. Emerging Technologies
    4. Opportunity mapping
    5. Critical Success Factors
    6. Environmental Impact and sustainability issues
    7. Consumer preferences
  8. Key Market Trends / Recent Developments
  9. Competitive Scenario
    1. Competitive Strategies of Key Players
      1. Mergers and Acquisitions
      2. Investments
      3. Joint Ventures
      4. New Product launches
    2. Strength of product portfolio
    3. Ranking of Key Players
    4. Presence of players by Geographies
  10. Key Global Players
    1. Advanced Gas Technologies Inc.
    2. 3M Company
    3. Advanced Specialty Gases Inc.
    4. Airgas Incorporated
    5. Air Products And Chemicals Inc.
    6. E.I. Du Pont De Nemours and Co.
    7. Kanto Denka Kogyo Co. Ltd.
    8. Honeywell International Inc.
    9. L’Air Liquide S.A.
    10. Mitsui Chemicals Inc.
    11. Messer Group Gmbh
    12. Norco Incorporated
    13. Praxair Incorporated
    14. Nova Gas Technologies Inc.
    15. Showa Denko K.K.

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