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Specialty Gas Market Size Is Anticipated To Reach USD 14.2 Billion By 2027: Grand View Research Inc.

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Specialty Gas Market Size Is Anticipated To Reach USD 14.2 Billion By 2027: Grand View Research Inc.

May 27
10:04 2020
Specialty Gas Market Size Is Anticipated To Reach USD 14.2 Billion By 2027: Grand View Research Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, Increasing demand in the healthcare sector and growing requirement for ultra-high purity gases in manufacturing applications are anticipated to drive the market growth.

Specialty Gas Market Growth & Trends

The global specialty gas market size is expected to reach USD 14.2 billion by 2027, registering a CAGR of 5.2% over the forecast period, according to a new report by Grand View Research, Inc. The market is expected to be positively influenced by growing demand from the manufacturing, electronics, and healthcare sector.

Specialty gases possess the potential to be extensively used in numerous end-use industries such as electronics and institutional research sector. Various types of specialty gases are manufactured from raw materials such as natural, atmospheric, and air derived gases. However, the manufacturing process requires continuous monitoring and special-purpose machinery, which makes it cost-intensive.

Utilization of improved medical technologies and increasing government expenditure on the healthcare industry is accelerating the applicability rate of specialty gases in various medical devices such as magnetic resonance imaging (MRI), nuclear magnetic resource imaging (NMRI), and ophthalmology.

Growing end-user industries, increasing demand for photovoltaic products, and plasma panel displays is touted to aid the market growth further. Manufacturing and healthcare companies are continuously investing in research and development operations to introduce advanced solutions for increasing scope of application and equipment efficiency.

U.S. specialty gas market size, by product, 2016 - 2027 (USD Million)

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Specialty Gas Market Report Highlights

  • Carbon gases was the largest product segment capturing around 27% of the market share in 2019 due to growing demand from various end-use industries such as chemical, oil, and food and beverages

  • The healthcare segment occupied the largest share in 2019 on account of its extensive use in devices such as NMRI, MRI, and ophthalmology

  • Asia Pacific is anticipated to be the largest regional segment in 2027 accounting for USD 6.4 billion owing to presence of numerous end-use industries such as healthcare, electronics, manufacturing, and pharmaceutical

  • Key players include Linde plc; Air Liquide International S.A.; Messer Group GmbH; Air Products and Chemicals, Inc.; Weldstar, Inc.; Mesa Specialty Gases & Equipment; Norco Inc.; Taiyo Nippon Sanso Corporation; and Showa Denko K.K.

  • Research & development activities, new product launches, and technological collaborations are some of the strategic initiatives taken up by leading companies in the market.

Global specialty gas market share, by application, 2019 (%)

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Grand View Research has segmented the global specialty gas market on the basis of product, application, and region:

Specialty Gas Product Outlook (Revenue, USD Million, 2016 – 2027)

  • Ultra-high Purity

  • Noble

  • Carbon

  • Halogen

  • Other

Specialty Gas Application Outlook (Revenue, USD Million, 2016 – 2027)

  • Manufacturing

  • Electronics

  • Healthcare

  • Institutional

  • Other

Specialty Gas Regional Outlook (Revenue, USD Million, 2016 – 2027)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

    • Saudi Arabia

    • UAE

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.


Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: United States

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